Finding cheap coverage for a Hyundai Elantra in Maryland can be really easy, but it depends on a very complex rating algorithm that uses multiple factors such as the safety rating of your vehicle, what you do for a living, and if you have a history of accidents. Drivers in Maryland will pay around $1,038 annually to insure their Elantra, but that amount is an estimate based on a 30-year-old single male driver with both comprehensive and collision coverage and $1,000 deductibles.
This brings up the issue that more than likely you may not be 30 years old (or even male), married instead of single, and you might want liability-only or different deductibles. Not every driver requires the same auto insurance coverages, so the best method for finding the cheapest rates for your Hyundai is to do a thorough rate comparison.
Your Hyundai’s trim level tends to have a direct impact on the coverage cost, so the cost to insure a Elantra GLS Touring Station Wagon trim level will be $86 lower than the cost to insure the more well-appointed Elantra SE Touring Station Wagon trim level, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $192 | $274 | $452 | $26 | $136 | $1,080 | $90 |
| Elantra Blue 4-Dr Sedan | $192 | $392 | $532 | $32 | $160 | $1,308 | $109 |
| Elantra GLS 4-Dr Sedan | $220 | $392 | $532 | $32 | $160 | $1,336 | $111 |
| Elantra SE 4-Dr Sedan | $220 | $392 | $532 | $32 | $160 | $1,336 | $111 |
| Elantra SE Touring Station Wagon | $220 | $332 | $452 | $26 | $136 | $1,166 | $97 |
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Information does not factor in specific location which can impact prices noticeably.
Shopping around for low-cost car insurance is hard enough, and finding out which insurers offer the cheapest auto insurance rates for a Hyundai Elantra calls for a bit more work. Each insurance company uses slightly different criteria to set premium rates, so we’ll take a look at the most affordable auto insurance companies in Baltimore, MD.
We do need to point out that Maryland auto insurance rates are based on many factors which can significantly increase or decrease the price of your policy. Events like a birthday, buying a newer car, or getting a ticket for running a stop sign may generate price changes resulting in some companies being more expensive than others.
Compare Cheap Insurance Quotes for Your Hyundai
USAA quotes some of the best car insurance rates in Baltimore at around $948 per year. Liberty Mutual, Penn National, Erie, and State Auto would also be considered some of the cheapest Baltimore, MD insurance companies.
In the above rates, if you currently have a policy with Erie and switched to Liberty Mutual, you may realize an annual premium reduction of approximately $47. Drivers with State Auto may save as much as $100 a year, and Amica customers might reduce rates by $220 a year.
Be aware that those prices are averages for all drivers and vehicles in Maryland and and are not figured with a vehicle location for a Hyundai Elantra. So the auto insurance company that fits your situation best may not even be in the top 16 companies in the list above. That point stresses why you need to compare prices as often as possible using your own specific driver and vehicle information.
Discount Baltimore car insurance rates
Auto insurance companies that offer coverage for a Hyundai Elantra may have rate discounts that could reduce prices by as much as 40% or more if you can meet the requirements. Larger auto insurance companies and their possible discounts can be found below.
- State Farm may offer discounts for student away at school, anti-theft, good student, accident-free, passive restraint, Steer Clear safe driver discount, and Drive Safe & Save.
- Farmers Insurance includes discounts for teen driver, homeowner, youthful driver, bundle discounts, distant student, switch companies, and early shopping.
- GEICO has savings for multi-policy, defensive driver, five-year accident-free, emergency military deployment, driver training, anti-lock brakes, and air bags.
- American Family offers discounts including good student, accident-free, defensive driver, bundled insurance, and good driver.
- Nationwide may include discounts for defensive driving, easy pay, good student, family plan, and Farm Bureau membership.
- Progressive discounts include good student, continuous coverage, online signing, homeowner, multi-policy, online quote discount, and multi-vehicle.
The diagram below illustrates the difference between annual premium costs with and without some available policy discounts. The premium estimates are based on a male driver, no tickets, no at-fault accidents, Maryland state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with multiple vehicle, homeowner, passive restraint, claim-free, defensive driving course, and multiple policy discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on auto insurance for a Hyundai Elantra is 28% or $659.
Impact of careless driving on Baltimore auto insurance rates
The recommended way to snag the most affordable auto insurance premiums in Baltimore for an Elantra is to be a safe driver and not receive tickets or have accidents. The example below illustrates how violations and at-fault claims can affect insurance costs for different age groups. The rates are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of an auto insurance policy in Maryland per year with no accidents or violations is $1,626. Add in two speeding tickets and the average cost increases to $2,163, an increase of $537 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Hyundai Elantra increases to an average of $2,711. That’s an increase of $1,085, or $90 per month, just for not paying attention while driving!
Your cheap Elantra insurance may actually be overpriced
Baltimore, MD auto insurance rates are impacted by many factors which can substantially change the policy price. Simply getting older, having a teenage driver, or getting a ticket for running a stop sign can trigger price changes that may make certain companies cheaper than competitors.
And not only may your rating factors change, but car insurance companies file new rates without warning to ensure their profitability. Larger than normal claims can result in higher rates, while better underwriting may produce more affordable Elantra insurance rates.
For example, the data below shows which company has the cheapest car insurance in Baltimore, MD for a 45-year-old male driver with no accidents or violations, and a decent credit rating. If we look at prices based on his current situation, USAA has the most affordable car insurance rates in Baltimore at $1,686 a year. This is $127 more than the average price paid by Maryland drivers of $1,559. Liberty Mutual, Erie, Penn National, and State Auto are the rest of the cheapest Baltimore, MD auto insurance companies.
The next chart shows rates after we give the driver in the first example an accident surcharge, a lower credit score, and a speeding citation. Since each auto insurance company uses a different method for determining rates in each state, comparing rates could now result in a completely different list of companies as shown below.
MetLife now has the best price in Baltimore with GEICO, Nationwide, Travelers, and USAA now rounding out the top five. This example illustrates why it is crucial to perform a complete rate comparison to find the most budget-friendly insurance quotes for a Hyundai Elantra.
Car insurance prices are determined by many different factors and change dramatically, so the cheapest rate two years ago may now be priced much higher than other options.
How to find cheaper auto insurance for a Hyundai Elantra
Lowering your rates is not difficult, and here are some of the recommended money-saving ideas that can help drivers buy cheap coverage.
- Do not get tickets
- Save money by insuring your home and auto with the same company
- Good credit scores may make rates cheaper
- Try to not file small claims
- Raise your deductibles
- Avoid at-fault accidents and claims
- Compare rates regularly and switch companies to save money
The last suggestion is remarkably valuable, as we hit on in the article above. Insurance prices can change considerably based on profitability, so drivers shouldn’t be reluctant to buy from a different company if you find a cheaper price.
Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that inflexibility results in costing you several hundred dollars every year. If you have a few minutes, compare rates to find cheaper insurance for a Hyundai Elantra in Baltimore.
The Baltimore car insurance agencies listed below can probably aid you in deciding which policy is best, since many people would rather get some professional advice when shopping around for cheaper insurance for a Hyundai Elantra. It’s not always simple to find the best coverage on your own, so getting advice from a licensed Maryland insurance agent can provide satisfaction knowing you have enough protection. To find a Baltimore insurance agent close to where you live, click the button after the list.
Allstate Insurance: Kent Schwab
401 Jefferson Ave – Towson, MD 21286 – (410) 433-4700
Cyndi Kuhn – State Farm Insurance Agent
6100 Eastern Ave – Baltimore, MD 21224 – (410) 633-5000
Farmers Insurance – Charles Connolly
6719 York Rd – Baltimore, MD 21212 – (443) 863-7733
Raul Braun – State Farm Insurance Agent
8609 Old Harford Rd – Baltimore, MD 21234 – (410) 663-3100
Allied Insurance Agency
7840 Eastern Ave – Baltimore, MD 21224 – (410) 282-1111