Buying the cheapest car insurance for a Hyundai Elantra in Massachusetts hinges on a lot of rating factors such as your marital status, your credit rating, and physical damage deductibles. Massachusetts drivers pay on average $854 annually for Elantra insurance, but that is a projection calculated based on a 30-year-old single male driver with both comprehensive and collision coverage and $1,000 deductibles.
The problem with using this number is the good chance you may not be 30 years old (or even male), you might be married instead of single, or maybe you want different physical damage deductibles. Different coverage needs are the reason why the best way to find cheap insurance rates for your Hyundai is to do your own rate comparisons. Quotes are always free and you will receive prices from top-rated car insurance companies that insure Hyundai vehicles in Massachusetts.
Vehicle trim level will likely have an effect on the cost of insurance, so the price you will pay to insure a Elantra GLS Touring Station Wagon trim level will be $74 cheaper than the insurance cost for the higher-priced 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||$158||$224||$372||$22||$112||$888||$74|
|Elantra Blue 4-Dr Sedan||$158||$322||$438||$26||$132||$1,076||$90|
|Elantra GLS 4-Dr Sedan||$182||$322||$438||$26||$132||$1,100||$92|
|Elantra SE 4-Dr Sedan||$182||$322||$438||$26||$132||$1,100||$92|
|Elantra SE Touring Station Wagon||$182||$274||$372||$22||$112||$962||$80|
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rate information does not factor in garaging location in Boston which can increase or decrease coverage prices greatly.
Comparing quotes for low-cost auto insurance is challenging, and finding out which companies quote the best auto insurance rates for a Hyundai Elantra may require even more work. Each company has their own unique process to determine premium rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Boston, MA.
We do need to point out that Massachusetts auto insurance rates are calculated based on many things which can significantly increase or decrease the price you pay for coverage. That is why consumers need to do a thorough rate comparison to get the best insurance quotes for a Hyundai Elantra. Car insurance prices are determined by many risk factors and change dramatically, so the most affordable company the last time you compared rates may now cost much more than other companies.
Lowest Insurance Price Quotes for Your Hyundai
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$807|
|9||Norfolk and Dedham||$1,068|
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State Farm may have some of the lowest car insurance rates in Boston at around $741 each year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are also some of the best Boston, MA car insurance companies.
In the rate table above, if you buy coverage from OneBeacon and switched to National Grange Mutual, you might realize a yearly savings of in the neighborhood of $105. Policyholders with Progressive may save as much as $222 a year, and Arbella customers might cut rates by $223 a year.
Remember that these policy prices are averages for all drivers and vehicles and and are not calculated with a specific location for a Hyundai Elantra. So the car insurance company that can offer you the best rate may not even be in the top 21 companies shown above. That emphasizes why you need to get auto insurance quotes using your own personal information and vehicle type.
Auto insurance rates are higher with tickets and accidents
The ideal way to receive the most affordable auto insurance premiums in Boston for an Elantra is to drive safely and avoid getting tickets or having accidents. The chart below illustrates how violations and at-fault accidents influence auto insurance costs for each different age group. The costs are based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of car insurance per year with a clean driving record and no accidents is $1,486. Get two speeding tickets and the average cost surges to $2,044, an increase of $558 each year. Then include two accidents along with the two speeding tickets and the annual cost of auto insurance for a Hyundai Elantra jumps again to an average of $4,322. That’s an increase of $2,835, or $236 per month, just for being a little careless behind the wheel!
Compare rates to save
Boston, MA auto insurance rates are impacted by many factors that can increase your annual premium. Simply improving your credit, buying higher coverage limits, or getting a speeding ticket may cause policy rate changes resulting in some rates now being affordable when they were higher priced. Also, companies file new rates as needed in order to protect their financial rating. An unexpected high level of claims can cause a rate increase, while profitable underwriting may produce cheaper Elantra insurance rates.
As an example, the data below analyzes the cheapest car insurance in Boston, MA for a 40-year-old female driver with a good driving record, no prior claims, and great credit. If we estimate prices based on her personal profile, State Farm has the cheapest car insurance rates in Boston at $970 annually. This is $265 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group round out the rest of the cheapest Boston, MA auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim or two, slightly worse credit, and an imperfect driving record. Because every insurance company has a proprietary method to set policy rates, analyzing rate quotes may result in a completely different list of affordable Boston car insurance companies as shown below.
Arbella now has the best price on car insurance in Boston, MA with Norfolk and Dedham, USAA, National Grange Mutual, and Amica also having competitive pricing. This shows why it is important to compare many different companies to get the most economical auto insurance rates for a Hyundai Elantra. Rates are impacted by many risk factors and change substantially, so the most economical company three years ago may now not even be in the top five.
How to find budget-friendly car insurance for a Hyundai Elantra
The list below summarizes some of the better thrifty solutions that can help you buy low-cost car insurance.
- Drivers with good credit ratings often pay less
- Too many claims can make car insurance unaffordable
- Do not get traffic citations
- Increase your physical damage deductibles
- Prevent rate increases by staying accident-free
- Multi-policy discounts save money
- Compare rate quotes frequently
The last item on the list is remarkably necessary, as we hit on in this write-up. Auto insurance prices in Boston fluctuate constantly, so drivers shouldn’t be resistant to change to a new company if a better deal can be had.
Many drivers prefer to stick with one company, but it isn’t a good idea if that loyalty ends up costing major coinage every year. Now is a great time to compare prices to find cheaper car insurance for a Hyundai Elantra.