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Cheapest 2023 Hyundai Elantra Car Insurance (Feb 2024)

Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your 2023 Hyundai Elantra
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Amy Bobinger
Licensed Insurance Agent — Expert Insurance Editor
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Reviewed by Josh Damico, Vice President Insurance Operations
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Edited by Sarah Gray, Licensed Insurance Agent — Expert Insurance Writer and Editor

How much does car insurance cost for a 2023 Hyundai Elantra

The average cost of car insurance for a 2023 Hyundai Elantra is $1,632 to meet state minimum requirements. Compared to other models in a similar price range, insurance costs for the 2023 Hyundai Elantra are 15% more
The cost of car insurance
is based on car make, model, and trim, along with safety features and driver information. To find an accurate estimate of your insurance costs for a 2023 Hyundai Elantra, use
Jerry
to get a detailed
car insurance price comparison

Compare the cheapest 2023 Hyundai Elantra car insurance quotes

Thousands of smart Hyundai Elantra drivers come to Jerry every month to find the best rates from top-rated providers. Jerry’s customers save an average of $2,572 per year on car insurance. Below are cheap quotes Jerry found for 2023 Hyundai Elantra drivers.
DateCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
February 24, 2024
Gainsco
$369
• State Minimum Liability
• Comp / Collision
February 23, 2024
National General
$165
• State Minimum Liability
February 23, 2024
Bristol West
$451
• 50,000/100,000 Liability
• Comp / Collision
February 16, 2024
Safeco
$153
• 100,000/300,000 Liability
• Comp / Collision
February 5, 2024
Allstate
$199
• 50,000/100,000 Liability
• Comp / Collision
coverageLast Updated Feb 24, 2024
However, insurance premiums can vary greatly based on trims and drivers. The best way to evaluate your own insurance costs is to
get a car insurance quote
from at least three insurance companies and compare rates.

The best car insurance companies for 2023 Hyundai Elantra owners

There’s no best company for all 2023 Hyundai Elantra drivers.
Insurance premiums are calculated
based on a wide range of factors, including driver age, driving record, and insurance history—and every company uses a slightly different algorithm to make those calculations. 
Jerry has conducted the largest insurance shopping survey in the nation to help people compare car insurance companies and find the best fit for them—not just in terms of price, but customer service and claims experience as well. 
The table below shows how 2023 Hyundai Elantra drivers rated different insurance companies, plus the average cost of insuring a ‘23 Elantra with each of those companies.
Insurance Company
Overall Rating
Average annual min liability
Average annual full coverage
4.6
$1,379
$2,593
4.5
$1,230
$1,440
4.3
$826
$2,595
4.2
$1,322
$2,952
4.2
$1,632
$4,107
4
$1,632
$3,036
4
$1,632
$3,036
4
$1,632
$3,036
3.9
$1,632
$3,036
Liberty Mutual
3.7
$1,632
$3,036
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How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
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Average 2023 Hyundai Elantra insurance costs

The average cost of insurance for a 2023 Hyundai Elantra is $89 per month for minimum liability insurance coverage, or $1,068 annually. If you’re looking to upgrade to full coverage, the cost can climb to an average of $189 every month, or $2,268 each year.
Insurance CoverageAverage insurance cost (monthly)Average insurance cost (yearly)
State minimum coverage
$136
$1,632
Full coverage
$253
$3,036
State minimum coverage
refers to the minimum amount of car insurance required by state laws, which typically includes some amount of
liability insurance
. In some states,
uninsured/underinsured motorist coverage
and/or
personal injury protection
are also required by law. 
Full coverage car insurance
, on the other hand, includes
collision
and
comprehensive coverage
, which are not required by law. Unlike minimum coverage, full coverage provides robust protection for your vehicle against damage from accidents, auto theft, vandalism, severe weather, and more.

2023 Hyundai Elantra insurance costs by trim level

The cost of car insurance for a 2023 Hyundai Elantra is also influenced by trim level. Upper trims tend to come with more tech and luxury features, which raises the cost of both repairs and insurance coverage.
Car Model & TrimAverage full coverage insurance costAverage minimum coverage insurance cost
$261
$169
$243
$155
$251
$118

How expensive is 2023 Hyundai Elantra insurance compared to other years?

Newer cars are usually more expensive to insure than older models. New technology and other components typically cost more to repair or replace, which drives up the cost of coverage. 
On the other hand, new models tend to have better safety features and higher safety ratings, which can lower insurance costs. Some insurers also offer discounts for cars less than three model years old. 
The table below compares the average insurance cost of a Hyundai Elantra manufactured in 2023 with older models.
CarMinimum CoverageFull Coverage
2000 Hyundai Elantra
$85
$107
2001 Hyundai Elantra
$62
$83
2002 Hyundai Elantra
$106
$263
2003 Hyundai Elantra
$114
$196
2004 Hyundai Elantra
$111
$205
2005 Hyundai Elantra
$96
$127
2006 Hyundai Elantra
$99
$180
2007 Hyundai Elantra
$108
$148
2008 Hyundai Elantra
$99
$186
2009 Hyundai Elantra
$97
$131
2010 Hyundai Elantra
$104
$153
2011 Hyundai Elantra
$98
$181
2012 Hyundai Elantra
$103
$178
2013 Hyundai Elantra
$103
$179
2014 Hyundai Elantra
$99
$196
2015 Hyundai Elantra
$94
$179
2016 Hyundai Elantra
$102
$184
2017 Hyundai Elantra
$105
$198
2018 Hyundai Elantra
$105
$197
2019 Hyundai Elantra
$124
$201
2020 Hyundai Elantra
$111
$209
2021 Hyundai Elantra
$114
$208
2022 Hyundai Elantra
$103
$223
2023 Hyundai Elantra
$136
$253

Are 2023 Hyundai Elantras expensive to insure? 

On average, car insurance for a 2023 Hyundai Elantra costs $136. Compared with other models in a similar price range, it costs 15% more to insure a 2023 Hyundai Elantra.
ModelAvg. Minimal Coverage Insurance CostAvg. Full Coverage Insurance Cost
2023 Subaru Crosstrek
$65
$184
2023 Kia K5
$92
$238
2023 Mazda 3
$129
$242
2023 Mitsubishi Outlander
$134
$210
2023 Hyundai Elantra
$136
$253
Insurance companies look at more than your car’s make and model to determine the cost of coverage. They’ll take into account the age of the vehicle, its MSRP and actual cash value, the size of its engine, and the likelihood of claims after a crash.

2023 Hyundai Elantra
NHTSA safety ratings

Rating TypeRating
Driver's
Passenger's
Overall Front
Overall Side
Overall Rollover Rating
Overall
Side - Pole
Side Barrier Rating Driver
Side Barrier Rating Passenger Rear Seat
Side - Barrier
Side - Pole Barrier combined (FRONT)
Side - Pole Barrier combined (REAR)

What other factors affect 2023 Hyundai Elantra insurance rates?

Car insurance companies consider the following factors when generating quotes: 
  • The kind of car you have: Collision and comprehensive coverage cost more for luxury vehicles, sports cars, and any high-performance vehicle. 
  • Your age: Young drivers (below age 25) pay higher insurance rates based on their lack of driving experience compared to older drivers. Drivers above age 75 also see higher rates based on declining road safety. 
  • Your driving record and claims history: Insurance companies will charge more if you’ve had accidents or tickets in the past five years. 
  • Where you keep your car: Insurance rates vary from state to state and even between different ZIP codes based on theft rates, accident statistics, and weather patterns in your area.

2023 Hyundai Elantra insurance costs for young drivers

The Hyundai Elantra is a popular car with many young drivers—but don’t expect insurance to come cheap. Drivers between the ages of 16 and 25 pay some of the highest rates for car insurance. 
Teen drivers
in particular can expect to pay high rates due to a high rate of accidents and violations. 
Here’s what teen and young adult drivers pay on average to insure a Hyundai Elantra:
Ages
Minimum liability
Full coverage
< 18
$308
$993
18–21
$249
$516

2023 Hyundai Elantra insurance costs for senior drivers

On the other end of the spectrum,
senior drivers
typically enjoy some of the lowest rates for 2023 Hyundai Elantra insurance. 
That’s because drivers over age 55 have more experience than just about anyone else on the road. 
The catch: around your mid-70s, you’ll likely see your car insurance rates start to climb again due to increased driver error and a higher likelihood of serious injuries. However, more experience behind the wheel can help offset that.
Here’s what drivers age 55 and up pay on average to insure a Hyundai Elantra: 
Ages
Minimum liability
Full coverage
55–64
$113
$229
65 +
$108
$227

2023 Hyundai Elantra insurance cost for drivers with driving violations 

If you’re charged with a violation like speeding, DUI, or being at-fault for an accident, you can usually expect your car insurance rates to go up. 
Here’s what Hyundai Elantra drivers paid on average after a violation:
Violation
Average annual insurance cost
Improper cell phone use
$3120
Minor speeding violation
$3272
Misc minor violations
$4267
Failure to obey signal
$4625
Careless driving
$6362

How can I lower the cost of insurance for my 2023 Hyundai Elantra?

Smart shopping strategies
and
car insurance discounts
can help you lower the cost of coverage for a 2023 Hyundai Elantra. Here’s how: 
  • Compare at least three quotes: Never buy car insurance without comparing quotes from at least three different insurance providers.
    Jerry
    makes the comparison process quick and easy!    
  • Use a broker: Unlike captive agents and even most independent agents,
    car insurance brokers
    earn commissions without adding to your insurance costs or pushing you towards a more expensive policy. 
  • Bundle multiple policies: If you also pay for home or renters insurance, you can bundle your policies with a single provider to save money.
    Home and auto bundles
    save drivers an average of 15% or more! 
  • Check for discounts: Most insurers offer discounts for everything from good grades to staying accident-free—or even for buying a new vehicle! 
  • Enroll in a usage-based insurance program: Almost every major insurer offers usage-based programs that allow drivers to track their driving habits in real-time in exchange for potential discounts—and you’ll often get a discount just for signing up!

Methodology

The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet Our Experts

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R.E. Fulton
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Licensed Insurance Agent —Senior Content Writer
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.
As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
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Lina Zhang
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Licensed Insurance Agent
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Licensed in 50 states and Washington DC
Lina Zhang is Vice President of Operations at Jerry. She helped to found Jerry in order to take the confusion and mystery expenses out of car ownership and help drivers achieve financial success. Leading a global team responsible for operations, talent acquisition, legal, and content, Lina has been a key contributor to the AllCar™ app’s 10x growth in its first year of operation. Prior to Jerry, Lina and her Jerry co-founders, Art Agrawal and Musawir Shah, created YourMechanic, the largest on-demand car repair services provider. In one year, Lina built and scaled YourMechanic operations from just five markets to more than 50. The trio left YourMechanic to incubate Jerry at Y Combinator in 2017. Lina’s previous roles include intellectual property attorney at Morrison & Foerster LLP and a biomedical researcher at Stanford University.
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Josh Damico
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Head Of Insurance Operations
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18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.