What Car Insurance is Cheapest for a Hyundai Elantra in Denver?

Finding affordable insurance for a Hyundai Elantra is dependent upon a complicated rating formula that uses factors such as the safety rating for your Elantra, if you are a frequent claim filer, and the level of deductible you choose. Colorado drivers pay approximately $764 a year to insure their Elantra, but that amount is based on a 30-year-old married male driver with full physical damage coverage and $1,000 deductibles.

It’s more than likely you’re not a 30-year-old male, single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Just a minor difference in policy rating criteria or coverages may result in a big change in the price of coverage.

This example demonstrates why the only real way to find cheap car insurance rates for your Hyundai is to just take the time to compare rates yourself. Compare rate quotes now and you will receive rate quotes from some of the best insurers around.

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Vehicle trim level tends to have a direct effect on the coverage cost, so the price you pay to insure a Elantra GLS Touring Station Wagon model will be $74 lower than the insurance cost for the more costly Elantra SE Touring Station Wagon trim level, as shown in the table below.

Hyundai Elantra Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $146 $236 $298 $18 $90 $788 $66
Elantra Blue 4-Dr Sedan $146 $340 $352 $20 $106 $964 $80
Elantra GLS 4-Dr Sedan $168 $340 $352 $20 $106 $986 $82
Elantra SE 4-Dr Sedan $168 $340 $352 $20 $106 $986 $82
Elantra SE Touring Station Wagon $168 $288 $298 $18 $90 $862 $72
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in specific zip code location which can affect prices noticeably.

Ending up with a high-quality company is difficult considering how many choices you have in Colorado. The ranking data listed below can help you decide which auto insurers you want to consider purchasing a policy from.

These ratings are for insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Colorado or surrounding areas are not taken into consideration for the list. If you wish to compare prices from these top-rated insurers and more, follow this link.

Top 10 Large Auto Insurance Companies in Denver Ranked by Customer Service

  1. GEICO
  2. State Farm
  3. The Hartford
  4. The General
  5. Progressive
  6. Allstate
  7. AAA Insurance
  8. American Family
  9. Nationwide
  10. Travelers

Comparison of full coverage and liability-only policies

Saving on auto insurance should be important to most people, and a great way to buy cheap insurance for a Hyundai Elantra is to only pay for liability coverage. The illustration below illustrates the comparison of car insurance rates with full coverage and liability only. The rate quotes are based on no violations or claims, $500 deductibles, marital status is single, and no policy discounts are applied.

If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an additional $2,082 per year over and above liability coverage. Many drivers will wonder when is it a good idea to stop buying full coverage. There is no definitive rule to stop paying for full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

Careless drivers pay higher rates

A great way to obtain the cheapest auto insurance prices in Colorado for an Elantra is to drive cautiously and avoid accidents and keep your driving record clean. The example below highlights how traffic violations and fender-benders impact premium costs for different insured age categories. The premiums are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

The data charted above shows the average cost of a car insurance policy in Denver per year with a clean driving record and no accidents is $1,772. Receive two speeding tickets and the average cost surges to $2,445, an increase of $673 each year. Now get one accident along with the two speeding tickets and the annual cost of auto insurance for a Hyundai Elantra increases to an average of $3,134. That’s an increase of $1,362, or $114 per month, just for not being a responsible driver!

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

Denver auto insurance rates are impacted by many things that control the cost of coverage. Simply getting older, marrying your spouse, or getting a reckless driving citation can cause premium changes that can now make some companies more affordable than others.

Not only may your situation change, but car insurance companies file new rates as often as every three months in order to remain profitable. A period of increased losses can result in price increases, while a better claims history can cause more affordable Elantra insurance rates.

The bar chart below demonstrates which company has the cheapest car insurance in Denver, CO for a 45-year-old male driver with no prior accidents, a clean driving record, and a high credit rating. If we compare prices based on his current risk profile, The Hartford offers the lowest car insurance rates in Denver at $1,103 annually. This is $475 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the remainder of the cheapest Denver, CO auto insurance companies.

Now let’s give the driver from the first example some claims, a lower credit score, and a speeding ticket. Since every car insurance company has their own process for determining prices, comparing quotes could now result in a significantly different list of the cheapest car insurance companies in Denver as shown below.

Travelers now has the cheapest insurance rate in Denver with State Farm, American Family, Progressive, and Grange also having competitive pricing. This shows why it is important to compare many different companies when trying to find the cheapest insurance rates for a Hyundai Elantra. Insurance rates are calculated by many different factors and can increase or decrease at any time, so the cheapest rate when you bought your policy may now be costing you a lot of money.

How to find the cheapest insurance for a Hyundai Elantra

Below you’ll find some of the better thrifty suggestions that can help Colorado drivers buy lower-cost car insurance.

The last item on the list is highly crucial, as was noted in the article above. Auto insurance prices in Denver change frequently, so drivers shouldn’t be reluctant to buy a policy from a new company if you find a cheaper price. Having brand loyalty is commendable, but we do not recommend it if that dedication is costing major coinage every year. In just a few minutes you could compare rates and find cheaper insurance for a Hyundai Elantra.

The Denver auto insurance agencies shown below can help you decide which auto insurance coverages would be the best in your situation, since some drivers aren’t sure which coverage they need and prefer to have some advice when comparing insurance rates for a Hyundai Elantra. It’s not always easy to find the cheapest auto insurance company, and professional agents can provide you comfort knowing your coverage gives you enough protection.

To locate a Denver auto insurance agent near you, click the link after the list.

View map of Denver, CO insurance agents