Finding cheap auto insurance for a Hyundai Elantra in New York is dependent upon a very complex rating algorithm that uses multiple factors such as the age of the Elantra, the size of your vehicle, and your motor vehicle report. Drivers will pay around $941 annually for Elantra insurance, but that is an estimation calculated based on a 30-year-old single male driver with full coverage and $100 deductibles.
But there is a high probability that you aren’t exactly 30 years old or even a male, you might be married instead of single, or maybe you prefer to not insure for full coverage. Every driver’s needs are different, and that is why the best way to find the most affordable coverage for your Hyundai is to just take the time to compare rates yourself.
Your vehicle’s trim level has an effect on the cost of insurance, so the rate you will pay to insure a Elantra GLS Touring Station Wagon model will be $108 less expensive the cost to insure the more costly Elantra SE Touring Station Wagon model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $226 | $338 | $294 | $18 | $88 | $964 | $80 |
| Elantra Blue 4-Dr Sedan | $226 | $484 | $346 | $20 | $104 | $1,180 | $98 |
| Elantra GLS 4-Dr Sedan | $260 | $484 | $346 | $20 | $104 | $1,214 | $101 |
| Elantra SE 4-Dr Sedan | $260 | $484 | $346 | $20 | $104 | $1,214 | $101 |
| Elantra SE Touring Station Wagon | $260 | $412 | $294 | $18 | $88 | $1,072 | $89 |
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Premium costs do not factor in garaging location in Buffalo which can lower or raise auto insurance rates substantially.
Finding out which company quotes the cheapest car insurance rates for a Hyundai Elantra calls for a little more sweat in order to find the lowest price. Every insurance company used slightly different criteria to establish rates, so let’s rank the car insurance companies with the most affordable rates in New York.
Find the Cheapest Car Insurance for Your Hyundai
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,163 |
| 2 | Erie | $1,242 |
| 3 | Progressive | $1,496 |
| 4 | Utica National | $1,504 |
| 5 | Allstate | $1,556 |
| 6 | Travelers | $1,575 |
| 7 | MetLife | $1,588 |
| 8 | Amica | $1,644 |
| 9 | Preferred Mutual | $1,686 |
| 10 | New York Central Mutual | $1,874 |
| 11 | GEICO | $1,926 |
| 12 | Safeco | $1,946 |
| 13 | Central Mutual | $1,968 |
| 14 | State Farm | $1,982 |
| 15 | Liberty Mutual | $2,005 |
| 16 | Hanover | $2,393 |
| 17 | Encompass | $2,689 |
| 18 | Nationwide | $3,054 |
| 19 | Mercury | $3,926 |
| 20 | 21st Century | $4,324 |
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USAA normally has some of the best car insurance rates in Buffalo at around $1,163 per year. Erie, Progressive, Utica National, and Allstate also qualify as some of the most economical Buffalo, NY insurance companies.
In this example, if you currently buy coverage from Allstate and switched to Erie, you could see a yearly savings of in the vicinity of $314. New York drivers with Travelers might save as much as $333 a year, and MetLife policyholders might see rate reductions of $346 a year.
Bear in mind that those rates are averaged for all drivers and vehicles in New York and are not factoring in a specific zip code for a Hyundai Elantra. So the auto insurance company that fits your age and vehicle best may not even be in the top 20 companies shown above. That emphasizes why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
Get discount Buffalo car insurance rates
Car insurance companies that provide policies for a Hyundai Elantra may also give you rate discounts that could reduce prices by as much as 30% if you meet specific criteria. Companies and a summarized list of policyholder discounts can be read below.
- Mercury Insurance includes discounts for age of vehicle, annual mileage, multi-policy, type of vehicle, location of vehicle, anti-theft, and low natural disaster claims.
- Farmers Insurance offers discounts including early shopping, switch companies, electronic funds transfer, alternative fuel, multi-car, pay in full, and distant student.
- Farm Bureau policyholders can earn discounts including 55 and retired, multi-vehicle, youthful driver, renewal discount, safe driver, and driver training.
- State Farm discounts include safe vehicle, student away at school, good driver, accident-free, anti-theft, and defensive driving training.
- Allstate has discounts for anti-lock brakes, defensive driver, good payer, economy car, EZ pay plan discount, passive restraint, and anti-theft.
- GEICO may have discounts that include seat belt use, good student, multi-policy, federal employee, and daytime running lights.
The illustration below compares premium costs with and without discounts applied to the premium. The premiums are based on a female driver, no violations or accidents, New York state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, safe-driver, homeowner, claim-free, vehicle safety, and multiple vehicle discounts applied. With discounts applied, the average savings per year on car insurance for a Hyundai Elantra is 28% or $414.
Low rates can quickly become overpriced
New York car insurance rates are influenced by many factors which can significantly increase or decrease the policy premium. Simply having a birthday, marrying your spouse, or getting a ticket for running a stop sign can trigger rate changes that can now make some companies more affordable than competitors.
Also, car insurance companies change prices every year as an adjustment for underwriting gains or losses. A period of higher than normal claims can cause higher priced premiums, while a profitable period can produce more affordable Elantra insurance rates.
As an example, the chart below analyzes the cheapest car insurance in Buffalo, NY for a 40-year-old female driver with no accidents or violations, and a high credit rating. Based on her current risk profile, USAA offers the lowest car insurance rates in Buffalo at $1,823 a year. This is $252 less than the average price paid by New York drivers of $2,075. Erie, Progressive, Travelers, and Utica National are the remaining cheapest Buffalo, NY auto insurance companies.
Now we will give the driver in the first example a couple of claims, poor credit, and a traffic ticket or two. Because each insurer has a unique approach for determining rates, comparing insurance quotes may now result in a substantially altered list of the cheapest companies as shown below.
MetLife now has the cheapest price in Buffalo with Amica, Erie, Preferred Mutual, and New York Central Mutual now being in the top five. This shows why it is critical to do a thorough rate comparison when trying to find the most affordable insurance quotes for a Hyundai Elantra. Insurance prices are influenced by many different factors and can change substantially, so the most economical company the last time you compared rates may now not even be in the top five.
How to find cheaper car insurance for a Hyundai Elantra
The list below shows some of the better thrifty solutions that can help New York drivers buy cheap coverage.
- Do not get traffic tickets
- Insure your home and auto with the same company
- Frequent claims may make car insurance unaffordable
- Buy safe vehicles
- Avoid having at-fault accidents
- Drop full coverage on older vehicles
- Shop around for lower rates once a year
That final tip is notably necessary, as was emphasized in the article above. Auto insurance prices change a lot, so drivers shouldn’t be reluctant to switch carriers if a more affordable price is available.
Brand loyalty is not necessarily bad, but it isn’t a good idea if your bullheadedness ends up costing you several hundred dollars every year. It only takes a couple minutes to compare rates to find cheaper auto insurance for a Hyundai Elantra in Buffalo.