Buying affordable insurance for a Hyundai Elantra in Indiana is dependent upon a lot of things such as how old the Elantra is, the likelihood of your vehicle being stolen, and blemishes on your driving record. Indiana drivers will pay around $698 per year for Elantra insurance, but that figure is an estimation calculated based on a 30-year-old married female driver with full coverage and $500 deductibles.

This brings up the issue that more than likely you are not 30 and maybe not even a female, single instead of married, or maybe you want different physical damage deductibles. Everone's needs are different, and this illustrates why the only real way to find the cheapest coverage for your Hyundai is to just compare rates yourself.

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Your vehicle's trim level tends to have a direct impact on the insurance rate, so the price you will be charged to insure a Elantra GLS Touring Station Wagon trim level will be $72 less than the insurance cost for the high end Elantra SE Touring Station Wagon trim level, as shown by the rates below.

Hyundai Elantra Insurance Rates in Indiana
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $150 $238 $244 $14 $72 $718 $60
Elantra Blue 4-Dr Sedan $150 $340 $286 $16 $86 $878 $73
Elantra GLS 4-Dr Sedan $172 $340 $286 $16 $86 $900 $75
Elantra SE 4-Dr Sedan $172 $340 $286 $16 $86 $900 $75
Elantra SE Touring Station Wagon $172 $288 $244 $14 $72 $790 $66
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Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rates do not factor in vehicle garaging location which can influence prices considerably.

Ratings for Indiana auto insurance companies

Picking the highest-rated car insurance provider can be challenging considering how many different companies there are to choose from in Indiana. The information below may help you pick which coverage providers you want to consider comparing rates from. The rankings below are for companies that write coverage in many states, so smaller companies that only insure vehicles in Indiana are not factored into these rankings.

Top 15 Auto Insurance Companies for a Hyundai Elantra in Indiana
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
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Data Source: Best Car Insurance Companies

The chart below shows how different deductible levels can affect insurance costs when researching cheap insurance for a Hyundai Elantra in Indiana. The premiums are based on a married male driver, full physical damage coverage, and no other discounts are factored in.

A 50-year-old driver could lower rates by $198 a year by increasing from a $100 deductible up to a $500 deductible, or save $296 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates up to $652 every year just by choosing higher deductibles.

If you make the decision to raise deductibles, it will be required to have additional savings on hand to be able to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Last year's bargain might be this year's rip off

Indiana auto insurance rates are impacted by many factors which can substantially decrease or increase the price you pay. Simply getting older, increasing deductibles, or having a fender bender may cause policy rate changes that can now make some companies cheaper than competitors.

Also, companies file new Indiana auto insurance rates multiple times each year in order to remain profitable. Heavier than normal losses may cause rate hikes, while a better claims history may cause cheaper Elantra insurance rates.

To illustrate this example, the graph below analyzes the cheapest car insurance in Indiana for a 40-year-old male driver with a clean driving record, no accidents, and good credit. If we estimate prices based on his current situation, Travelers may offer the cheapest car insurance rates in Indiana at $596 each year. This is $644 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are the remaining top five cheapest Indiana auto insurance companies.

Now we will pretend the driver from above some claims, slightly worse credit, and a few blemishes on his driving record. Because every insurance company has their own unique process for determining prices, comparing rates may now result in a different set of cheap Indiana auto insurance companies as shown below.

Indiana Farmers Mutual now has the cheapest insurance rate in Indiana with Cincinnati Insurance, USAA, Auto-Owners, and State Farm now rounding out the top five. This illustrates why it is so important to shop around when trying to get cheap car insurance quotes for a Hyundai Elantra. Auto insurance prices are made up of many different factors and can change substantially, so the cheapest company when you last compared rates may now be priced much higher than other options.