What Insurance is Cheapest for a Hyundai Elantra in Miami?

Finding competitive car insurance for a Hyundai Elantra in Florida is pretty straightforward, but it depends on many different factors such as how old the Elantra is, the likelihood of your vehicle being stolen, and driving citations. Drivers will pay around $1,038 each year for Elantra insurance, but that amount is an estimation calculated using a 30-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.

Odds are that you may not be 30 years old (or even female), single instead of married, or you just want cheap liability insurance instead of full coverage. The different assumptions illustrate why the best method for finding cheap car insurance rates for your Hyundai is to just take the time to compare rates yourself. It’s really quite easy you will be able to see rates from the cheapest companies that offer coverage in Florida.

Compare Hyundai Elantra Insurance Rates

Your Hyundai’s trim level will most likely have an effect on the yearly cost, so the cost to insure a Elantra GLS Touring Station Wagon trim level will be $110 less than the insurance cost for the high end Elantra SE Touring Station Wagon model, as shown by the rates below.

Hyundai Elantra Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $222 $352 $362 $22 $108 $1,066 $89
Elantra Blue 4-Dr Sedan $222 $506 $426 $26 $128 $1,308 $109
Elantra GLS 4-Dr Sedan $254 $506 $426 $26 $128 $1,340 $112
Elantra SE 4-Dr Sedan $254 $506 $426 $26 $128 $1,340 $112
Elantra SE Touring Station Wagon $254 $430 $362 $22 $108 $1,176 $98
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Table data does not factor in specific Miami garaging location which can raise or lower insurance rates considerably.

Establishing which companies have the most affordable car insurance rates for a Hyundai Elantra will take more time in order to find coverage that fits your budget. Each auto insurance company uses a different method to determine premium rates, so to begin we’ll rank the car insurance companies with the overall best prices in Miami, FL.

We do need to point out that Miami, FL car insurance rates are based on many factors which can substantially change the policy price. Getting older, becoming a homeowner, or getting a ticket for careless driving can cause premium changes that can cause some rates to be more affordable than competitors.

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Florida auto insurance company rankings
Rank Company Cost Per Year
1 USAA $957
2 Electric $1,746
3 Amica $1,746
4 Progressive $1,847
5 Mercury $1,933
6 Travelers $1,945
7 Allied $1,985
8 State Farm $2,047
9 Esurance $2,082
10 GEICO $2,086
11 Auto-Owners $2,149
12 Allstate $2,340
13 21st Century $2,373
14 Windhaven Insurance $2,653
15 Safeco $2,987
16 MetLife $2,988
17 Liberty Mutual $3,009
18 Hanover $3,024
19 United Automobile $3,422
20 Direct General $3,902
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USAA normally has some of the best car insurance rates in Miami at around $957 per year. This is $1,491 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury would also be considered some of the more affordable Miami, FL auto insurance companies.

As depicted above, if you currently have coverage with Electric and switched to USAA, you might realize an annual premium reduction of around $789. Policyholders with Amica could save as much as $789 a year, and Progressive insureds might reduce prices by as much as $890 a year.

If you want to see how much you could save, click here to begin a quote or quote prices from the following companies.

It’s important to note that these rates are averaged across all types of insureds and vehicles and and are not calculated with a vehicle location for a Hyundai Elantra. So the car insurance company that has the cheapest rates for you may not even be in the top 21 companies shown above. That is why you need to quote rates from many companies using your own specific driver and vehicle information.

The diagram below demonstrates how choosing different deductibles can impact insurance prices when trying to find cheap insurance for a Hyundai Elantra. The premiums are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

The chart above illustrates that a 30-year-old driver could reduce rates by $522 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $786 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old, could lower their rates up to $1,550 annually just by choosing higher deductibles. If you make the decision to raise deductibles, it is important to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Responsible drivers pay cheaper Miami car insurance rates

In a perfect world, the ideal way to score the most affordable car insurance prices in Miami for an Elantra is to be a careful driver and avoid accidents and violations. The illustration below shows how speeding tickets and at-fault claims drive up car insurance rates for different age groups. The rates are based on a married female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

The chart shows that the average cost of car insurance per year with a clean driving record and no accidents is $1,841. Factor in one speeding ticket and the average cost jumps to $2,140, an increase of $299 each year. Now include one accident along with the one speeding ticket and the yearly cost of car insurance for a Hyundai Elantra goes up to an average of $2,989. That’s an increase of $1,148, or $96 per month, just for being a less-than-perfect driver!

Your low-price policy may be costing you money

Florida car insurance rates are influenced by many factors which can significantly increase or decrease your annual premium. Improving your credit rating, buying a home instead of renting, or getting a ticket for running a stop sign may generate price changes that can make some companies more affordable than before. Also, insurers change their prices without warning to adjust for unexpected claims or profits. Higher than normal claims can cause higher priced premiums, while profitable underwriting can produce lower-priced Elantra insurance rates.

The chart below shows which companies have the cheapest car insurance in Miami, FL for a 45-year-old female driver with no violations or accidents, and a high credit rating. If we look at prices based on her personal risk profile, USAA may have the cheapest car insurance rates in Miami at $1,829 per year. This is $619 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also included in the best Miami, FL auto insurance companies.

The chart below compares rates after we give the driver in the first example a claim surcharge, poor credit, and a few blemishes on her driving record. Since each company has a unique approach to determine rates, analyzing rate quotes could result in a completely different list of the cheapest Miami car insurance companies as shown below.

USAA now has the cheapest auto insurance in Miami, FL with Allied, Esurance, State Farm, and Auto-Owners now being in the top five. This illustrates why it is so important to do a thorough rate comparison to get the lowest car insurance rates for a Hyundai Elantra. Auto insurance prices are calculated by many risk factors and can change substantially, so the cheapest company a year ago may now be costing you a lot of money.

How to find low-cost car insurance for a Hyundai Elantra

The list below details a few money-saving suggestions that can help you locate cheaper car insurance.

That final tip is extremely valuable, as was noted in the prior information. Car insurance rates change frequently, so drivers shouldn’t hesitate to buy a policy from a new company if a better deal can be had.

Having a favorite company is great, but we do not recommend it if your bullheadedness ends up costing you thousands of dollars over the life of your policy. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for a Hyundai Elantra in Miami.