Hyundai Elantra insurance policy image courtesy of QuoteInspector.com
Buying cheap coverage for a Hyundai Elantra in Texas relies on a complicated rating formula that uses factors such as how old the Elantra is, your credit score, and blemishes on your driving record. Texas drivers will pay around $840 each year for Elantra insurance, but that is an approximation calculated based on a 50-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
The issue that arises when projecting rates is that it's very likely that you're not a 50-year-old male, possibly single instead of married, and maybe your Elantra is older and does not require full coverage. Auto insurance is not the same for everyone, so the best way to find the cheapest insurance price for your Hyundai is to do a thorough rate comparison. Quotes are always free and you can get rates from the best companies in Texas.
The specific trim level impacts the coverage cost, so the cost to insure a Elantra GLS Touring Station Wagon will be $84 cheaper than the price to insure the high end Elantra SE Touring Station Wagon trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$162||$280||$310||$18||$94||$864||$72|
|Elantra Blue 4-Dr Sedan||$162||$400||$366||$22||$110||$1,060||$88|
|Elantra GLS 4-Dr Sedan||$186||$400||$366||$22||$110||$1,084||$90|
|Elantra SE 4-Dr Sedan||$186||$400||$366||$22||$110||$1,084||$90|
|Elantra SE Touring Station Wagon||$186||$340||$310||$18||$94||$948||$79|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific Lubbock garaging location which can influence price quotes noticeably.
Selecting the highest-rated auto insurance company is hard considering how many companies are available to choose from in Texas. The ranking data in the next section may help you pick which companies you want to consider putting your business with. The rankings below are only made up of companies that insure vehicles nationwide, so companies that have a smaller presence are not factored into this list.
Top 10 Large Car Insurance Companies in Lubbock Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Mercury Insurance - 89%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
Top 10 Large Car Insurance Companies Overall in Lubbock
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
How to get discounts on Lubbock car insurance rates
Insurers that offer cheap quotes for a Hyundai Elantra may also give you policy discounts that could potentially reduce rates by as much as 25% or more if you qualify. Popular insurance companies and their possible discounts are outlined below.
- GEICO may include discounts for defensive driver, anti-lock brakes, multi-policy, good student, daytime running lights, federal employee, and air bags.
- MetLife offers discounts for claim-free, defensive driver, good driver, good student, multi-policy, accident-free
- State Farm has discounts for driver's education, safe vehicle, Drive Safe & Save, defensive driving training, Steer Clear safe driver discount, student away at school, and good student.
- Progressive offers premium reductions for homeowner, online signing, online quote discount, good student, multi-policy, and continuous coverage.
- Mercury Insurance may offer discounts for anti-theft, multi-car, type of vehicle, low natural disaster claims, and location of vehicle.
- 21st Century offers discounts including theft prevention, student driver, driver training, anti-lock brakes, and defensive driver.
- Allstate policyholders can earn discounts including utility vehicle, early signing, EZ pay plan discount, multi-policy, premier discount, premier plus, and senior citizen.
The chart below compares annual premium costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, multiple policy, defensive driving course, accident-free, claim-free, and marriage discounts applied. When these discounts are applied, the average savings per year on insurance for a Hyundai Elantra is 28% or $731.
Why you should compare rates
Lubbock, TX insurance rates are based on many factors that may substantially change the price you pay for coverage. Simply getting older, buying a new vehicle, or getting a ticket for careless driving can cause premium changes that may make certain companies cheaper than competitors. Additionally, insurance companies change rates every year to adjust for gains or losses. Unexpectedly high claims may cause higher priced premiums, while a better loss history can cause more affordable Elantra insurance rates.
For instance, the chart below shows rates for the cheapest car insurance in Lubbock, TX for a 30-year-old male driver with no accidents or violations, and a decent credit rating. If we estimate prices based on his personal profile, Travelers has the best car insurance rates in Lubbock at $1,191 annually. This is $713 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining top five cheapest Lubbock, TX auto insurance companies.
Now we will give the driver from above a claim or two, bad credit, and a stop sign violation. Due to the fact that every insurance company has a proprietary formula to set policy rates, comparing rates will most likely result in a substantially altered list of the cheapest car insurance companies in Lubbock as shown below.
Mercury now has the lowest car insurance rate in Lubbock, TX with State Farm, USAA, Nationwide, and Safe Auto completing the list. This demonstrates why it is crucial to perform an extensive rate comparison when trying to find the most affordable insurance rates for a Hyundai Elantra.
Insurance prices are calculated by many different factors and can increase or decrease at any time, so the cheapest rate the last time you shopped around may now be quite expensive.