Finding cheaper insurance for a Hyundai Elantra in Illinois depends on a large number of factors such as whether you are single or married, what you do for a living, and any prior driving offenses. Drivers pay on average $585 each year for Elantra insurance, but that amount is an estimation based upon a 50-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.
But there is a high probability that you aren’t exactly 50 years old or even a female, possibly married instead of single, or maybe you live in a different area as the quoted rates. Even a minor change in rating variables could end up in a significant change in the price of coverage.
There is no one cookie-cutter policy that works for everyone, so the best method for finding cheap auto insurance rates for your Hyundai is to do a thorough rate comparison.
Your vehicle’s trim level can impact the coverage cost, so the price you pay to insure a Elantra GLS Touring Station Wagon trim level will be $52 cheaper than the price to insure the high end 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 | $94 | $172 | $250 | $14 | $76 | $606 | $51 |
| Elantra Blue 4-Dr Sedan | $94 | $246 | $294 | $18 | $88 | $740 | $62 |
| Elantra GLS 4-Dr Sedan | $108 | $246 | $294 | $18 | $88 | $754 | $63 |
| Elantra SE 4-Dr Sedan | $108 | $246 | $294 | $18 | $88 | $754 | $63 |
| Elantra SE Touring Station Wagon | $108 | $210 | $250 | $14 | $76 | $658 | $55 |
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific garaging location which can change coverage rates significantly.
Shopping around for cheap car insurance is confusing at best, and finding out which companies have the lowest-priced car insurance rates for a Hyundai Elantra involves even more rate comparisons. Each auto insurer uses a different method to set their prices, so to begin we’ll rank the most affordable car insurance companies in Chicago, IL.
Lowest Insurance Price Quotes for Your Hyundai
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $753 |
| 2 | Rockford Mutual | $822 |
| 3 | Erie | $878 |
| 4 | Titan | $886 |
| 5 | Cincinnati Insurance | $915 |
| 6 | Travelers | $961 |
| 7 | SECURA | $965 |
| 8 | State Farm | $972 |
| 9 | USAA | $979 |
| 10 | Utica National | $984 |
| 11 | Safeco | $1,053 |
| 12 | Auto-Owners | $1,064 |
| 13 | GEICO | $1,085 |
| 14 | Amica | $1,109 |
| 15 | Farmers | $1,146 |
| 16 | Esurance | $1,197 |
| 17 | California Casualty | $1,209 |
| 18 | MetLife | $1,220 |
| 19 | Progressive | $1,256 |
| 20 | State Auto | $1,273 |
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The Hartford has some of the lowest car insurance rates in Chicago at around $753 a year. Rockford Mutual, Erie, Titan, and Cincinnati Insurance are also some of the most economical Chicago, IL car insurance companies.
As shown above, if you are currently insured with Rockford Mutual and switched to The Hartford, you could earn a yearly price reduction of roughly $69. Policyholders with Erie might save as much as $125 a year, and Titan customers might realize rate reductions of up to $133 a year.
To see if you’re overpaying, click here to start a quote or click through to the companies below.
Bear in mind that those rates are averages for all types of insureds and vehicles and and are not figured with a specific vehicle garaging location for a Hyundai Elantra. So the insurer that fits your situation best may not even be in the top 36 companies shown above. That underscores the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Impact of speeding/accidents on Chicago car insurance rates
The easiest method to obtain the cheapest car insurance premiums in Chicago for an Elantra is to drive safely and avoid tickets and accidents. The information below demonstrates how traffic citations and at-fault collisions can drive up annual premium costs for different categories of driver ages. The premium estimates are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,308. Get two speeding tickets and the average cost surges to $1,743, an increase of $435 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Hyundai Elantra goes up to an average of $3,523. That’s an increase of $2,214, or $185 per month, just for a couple of infractions!
Why you should be shopping around
Chicago car insurance rates are influenced by many factors that will increase or decrease the price you have to pay for coverage. Getting older, getting married, or getting a driving violation can trigger changes in premium that can make some companies cheaper than before. Additionally, insurance companies file new rates every year or even multiple times each year in order to protect their financial rating. Significantly higher losses can result in price increases, while lower claim expenses can produce more affordable Elantra insurance rates.
The graph below shows which company has the cheapest car insurance in Chicago, IL for a 35-year-old female driver with a clear driving record, no claims, and a good credit history. If we look at prices based on her personal profile, The Hartford may offer the lowest car insurance rates in Chicago at $1,223 per year. This is $126 less than the average policy premium paid by Illinois drivers of $1,349. Rockford Mutual, Erie, Titan, and Cincinnati Insurance are also included in the cheapest Chicago, IL auto insurance companies.
Now we will pretend the driver in the first example a claim, slightly worse credit, and an imperfect driving record. Since each company has their own unique process for determining rates in each state, comparing insurance quotes could result in a significantly different list of the cheapest car insurance companies in Chicago as shown below.
Utica National now has the lowest price in Chicago, IL with SECURA, State Farm, Travelers, and Safeco also being competitive. This shows why drivers need to compare many different companies to find the best insurance quotes for a Hyundai Elantra. Insurance rates can be determined by many things and change substantially, so the most affordable company the last time you shopped around may now be an over-priced policy.
If you prefer to have a little guidance when buying car insurance for an Elantra, the agents listed below are willing to help you make a decision which auto insurance coverages would be the best in your situation. To find an agent by location nearest to you, click the button at the bottom of the list or click here to compare price quotes now.
Tamika Echols – State Farm Insurance Agent
1611 N Clybourn Ave – Chicago, IL 60614 – (312) 944-9700
Thomas Ward Insurance Group
707 W Willow St – Chicago, IL 60614 – (312) 254-1500
Mark Mackey – State Farm Insurance Agent
3338 W Foster Ave – Chicago, IL 60625 – (773) 604-4334
Angela Roudez – State Farm Insurance Agent
1505 S State St – Chicago, IL 60605 – (312) 663-1820