Who Has Cheap Minneapolis Car Insurance for a Hyundai Elantra?

Buying the cheapest coverage for a Hyundai Elantra is dependent upon a lot of factors such as your marital status, whether you are claim-free, and citations on your driving record. Minnesota drivers pay around $810 a year to insure their Elantra, but that cost is based upon a 30-year-old single male driver with full physical damage coverage and $1,000 deductibles.

But there is a high probability that you may not be 30 years old (or even male), you might be married instead of single, or maybe you prefer liability limits higher than required by Minnesota state law. Insurance is an individual thing, so the only way to find the cheapest rates for your Hyundai is to do the rate comparisons yourself.

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Your vehicle’s trim level will likely have an effect on price, so the cost to insure a Elantra GLS Touring Station Wagon model will be $68 cheaper than the price to insure the more costly Elantra SE Touring Station Wagon version, as shown by the rates below.

Hyundai Elantra Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $150 $214 $354 $20 $106 $844 $70
Elantra Blue 4-Dr Sedan $150 $306 $416 $24 $124 $1,020 $85
Elantra GLS 4-Dr Sedan $172 $306 $416 $24 $124 $1,042 $87
Elantra SE 4-Dr Sedan $172 $306 $416 $24 $124 $1,042 $87
Elantra SE Touring Station Wagon $172 $260 $354 $20 $106 $912 $76
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Prices do not factor in vehicle garaging location which can decrease or increase auto insurance rates significantly.

Deciding which companies offer the best auto insurance rates for a Hyundai Elantra will involve a little more effort in order to find coverage that fits your budget. Every auto insurer has their own formula for determining rates, so we’ll go over the auto insurance companies with the overall cheapest rates in Minneapolis.

It’s important to know that Minneapolis, MN auto insurance rates are impacted by many things that will increase or decrease the price you pay for coverage. Turning one year older, having a teenage driver, or having an accident can trigger rate changes that may make certain companies cheaper than before.

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Cheapest Minnesota car insurance ranked by price
Rank Company Cost Per Year
1 Travelers $641
2 USAA $831
3 Farm Bureau Mutual $837
4 Western National $937
5 The Hartford $954
6 West Bend Mutual $972
7 Allied $1,174
8 California Casualty $1,214
9 State Farm $1,226
10 American Family $1,230
11 General Casualty $1,274
12 Auto-Owners $1,282
13 Auto Club Group $1,339
14 Farmers $1,351
15 Progressive $1,405
16 Nationwide $1,406
17 Allstate $1,437
18 North Star $1,446
19 Country $1,455
20 MetLife $1,549
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Travelers normally has some of the cheapest car insurance rates in Minneapolis at around $641 each year. This is $780 less than the average premium paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford also rank well as some of the best Minneapolis, MN auto insurance companies.

As shown in the rates above, if you are currently insured with Farm Bureau Mutual and switched to Travelers, you might achieve yearly savings of upwards of $196. Customers with Western National may save as much as $296 a year, and The Hartford customers might see rate reductions of $313 a year.

To find cheaper insurance rates for your vehicle, click here or visit any of the companies below.

Bear in mind that those policy rates are averages across all drivers and vehicles in Minnesota and and are not figured with an exact zip code location for a Hyundai Elantra. So the company that can offer you the best rate may not even be in the top 24 companies in the list above. That is why you need to get quotes using your own personalized driver profile and vehicle information.

The information below highlights how deductible selection can influence premium costs when researching cheap insurance for a Hyundai Elantra. The costs are based on a married male driver, full physical damage coverage, and no policy discounts are applied.

As shown above, a 50-year-old driver could lower their policy premium by $220 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $334 by using a $1,000 deductible. Younger drivers, like the 20-year-old example, have the ability to save up to $736 every year by using higher deductibles when buying full coverage. When using a larger deductible, it is necessary to have additional funds squirreled away to satisfy the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

A good deal can quickly turn bad

Minneapolis, MN auto insurance rates are impacted by many factors that may substantially change the price you pay. Turning one year older, moving across town, or getting a DUI can produce rate changes that may make certain companies more affordable than competitors. Additionally, car insurance companies modify pricing every year or even multiple times each year in order to offset underwriting gains or losses. Higher than normal claims can result in higher prices, while lower claims may produce more affordable Elantra insurance rates.

To illustrate this point, the data below shows the company with the cheapest car insurance in Minneapolis, MN for a 30-year-old female driver with no accidents or violations, and great credit. If we look at prices based on her personal risk profile, Travelers might quote the lowest car insurance rates in Minneapolis at $868 each year. This is $553 less than the average price paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and The Hartford are also on the list of the cheapest Minneapolis, MN auto insurance companies.

Now we will give the driver in the first chart a claim, less-than-perfect credit, and a speeding ticket. Due to the fact that each insurance company has their own guidelines for setting rates, comparing insurance quotes may now present a different set of companies as shown below.

Allied now has the cheapest insurance rate in Minneapolis, MN with Farm Bureau Mutual, USAA, California Casualty, and American Family completing the list. This example illustrates why consumers need to compare as many rates as possible when trying to find affordable car insurance rates for a Hyundai Elantra. Car insurance prices are calculated by many different factors and can change substantially, so the best option six months ago may now be quite expensive.