Who Has Cheap Detroit Car Insurance Rates for a Hyundai Elantra?

Finding competitive car insurance for a Hyundai Elantra depends on a complex formula that considers things such as how long your commute is, your credit status, and any prior driving citations you have received. Michigan drivers will pay on average $1,724 per year to insure their Elantra, but that cost is calculated using a 30-year-old married male driver with full comprehensive and collision coverage and $500 deductibles.

There’s a high likelihood you are not 30 and maybe not even a male, single instead of married, or maybe you just want liability only. Each driver’s needs are different, and that demonstrates why the only real way to find the cheapest coverage for your Hyundai is to compare rates from as many companies as possible. In less than five minutes you will receive prices from some of the cheapest companies in Michigan.

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The specific trim level tends to have a direct impact on price, so the price you will pay to insure a Elantra GLS Touring Station Wagon will cost $186 less than the insurance cost for the higher-end Elantra SE Touring Station Wagon model, as shown in the chart below.

Hyundai Elantra Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $378 $596 $586 $34 $176 $1,770 $148
Elantra Blue 4-Dr Sedan $378 $854 $690 $40 $206 $2,168 $181
Elantra GLS 4-Dr Sedan $434 $854 $690 $40 $206 $2,224 $185
Elantra SE 4-Dr Sedan $434 $854 $690 $40 $206 $2,224 $185
Elantra SE Touring Station Wagon $434 $726 $586 $34 $176 $1,956 $163
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Information does not factor in specific location which can lower or raise price quotes substantially.

Selecting the highest-rated company is difficult considering how many companies sell insurance in Detroit. The company rank data listed below could help you choose which car insurance providers you want to consider when buying insurance for a Hyundai Elantra. These rankings are only comprised of companies that insure vehicles nationwide, so companies that only write business in Michigan or surrounding areas are not taken into consideration for these rankings.

Top 15 Insurance Companies for a Hyundai Elantra in Michigan
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

The chart below highlights how deductible choice can influence yearly insurance costs when trying to find cheap insurance for a Hyundai Elantra. The rates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

The chart above illustrates that a 40-year-old driver could pocket $648 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $978 by selecting a $1,000 deductible. Even younger insureds, such as the Age 20 example, can save up to $2,186 or more by using higher deductibles when buying full coverage.

When raising deductibles, it will be required to have additional funds in a savings account to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Discount Detroit insurance rates

Discounts on insurance for a Hyundai ElantraInsurers that provide coverage for a Hyundai Elantra may also offer premium discounts that could potentially reduce rates by 40% or more if you are eligible for them. A list of insurance companies and some of the premium reductions they offer are:

The chart below illustrates the difference between annual premium costs with and without some available policy discounts. The prices are based on a male driver, no violations or accidents, Michigan state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, defensive driving course, multiple policy, passive restraint, safe-driver, and accident-free discounts applied. When discounts are factored in, theaverage yearly reduction on insurance for a Hyundai Elantra is 28% or $1,274.

The importance of shopping around

Michigan insurance rates are influenced by many factors which can substantially change the price you have to pay. Simply having a birthday, having a claim, or getting a ticket for careless driving may cause policy rate changes resulting in some rates now being more affordable than competitors. Not only may things change on your end, but insurers change the rates they charge in Michigan without warning in order to be able to pay unexpected claims. A period of increased losses may cause a rate increase, while a profitable period may produce lower-cost Elantra insurance rates.

To help illustrate this point, the bar chart below analyzes the cheapest car insurance in Detroit, MI for a 40-year-old female driver with no prior claims, no tickets, and a good credit rating. If we compare prices based on her current rating profile, USAA might quote the cheapest car insurance rates in Detroit at $2,234 each year. This is $159 less than the average rate paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb also make the list of the most affordable Detroit, MI auto insurance companies.

Now we will give the driver from the above example a claim surcharge, poor credit, and an imperfect driving record. Due to the fact that each insurance company has a unique approach for determining rates in each state, comparing quotes could now result in a different list of the cheapest companies as shown below.

Safeco now has the best insurance rate in Detroit, MI with Pioneer State Mutual, GEICO, Hastings Mutual, and USAA completing the list. This shows why it is so important to compare rates when trying to find affordable insurance quotes for a Hyundai Elantra.

Rates are determined by many different factors and change dramatically, so the cheapest company when you last compared rates may now be one of the more expensive options.

The insurance agencies below can provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, since some drivers have questions and prefer to get some guidance when shopping for cheaper insurance for a Hyundai Elantra. It can be time-consuming to find the cheapest auto insurance company, so professional agents can give you satisfaction knowing your policy gives you suitable coverage if you ever need to use it. To locate an agency close to you, click the button at the bottom or click here to compare prices now.

Premier Insurance
16119 W Warren AveDetroit, MI 48228(313) 582-1500

Soboh Insurance
16800 W Warren AveDetroit, MI 48228(313) 581-3400

LA Insurance
2922 W Grand BlvdDetroit, MI 48202(313) 871-0100

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How to find economical car insurance for a Hyundai Elantra

It is possible to find better rates, and here are some of the better penny-pinching solutions that can help Michigan drivers quote cheap auto insurance.

The final tip is incredibly vital, as we hit on in the prior information. Prices adjust frequently, so drivers shouldn’t hesitate to buy from a different company if you can find a cheaper rate. Having a favorite company is fine, but it’s not a good idea if that stubbornness costs you money that could be used for better things. In less than five minutes you could shop around and find cheaper auto insurance for a Hyundai Elantra in Detroit.