Who Has the Cheapest Dallas Auto Insurance Rates for a Hyundai Elantra?

Finding competitive insurance for a Hyundai Elantra in Texas depends on a lot of rating factors such as your financial responsibility, your credit score, and your choice of deductibles. Drivers pay approximately $824 annually for Elantra insurance, but that figure is an approximation calculated based on a 50-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.

There is a good probability you aren’t exactly 50 years old or even a female, you might be single instead of married, or maybe you want more liability coverage than is required by law in Texas. Having the smallest difference in the factors used in pricing a policy could result in a significant change in the amount insurance costs for a Hyundai Elantra.

Auto insurance requires individual risk assessment, so the only real way to find cheap auto insurance rates for your Hyundai is to do a thorough rate comparison. Comparing quotes is easy and you will get price quotes from the best companies that insure Hyundai vehicles in Texas.

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Your Hyundai’s trim level tends to have a direct effect on the insurance rate, so the rate you pay to insure a Elantra GLS Touring Station Wagon trim level will be $84 lower than the insurance cost for the higher-priced Elantra SE Touring Station Wagon model, as shown below.

Hyundai Elantra Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $160 $272 $304 $18 $92 $846 $71
Elantra Blue 4-Dr Sedan $160 $392 $358 $22 $108 $1,040 $87
Elantra GLS 4-Dr Sedan $184 $392 $358 $22 $108 $1,064 $89
Elantra SE 4-Dr Sedan $184 $392 $358 $22 $108 $1,064 $89
Elantra SE Touring Station Wagon $184 $332 $304 $18 $92 $930 $78
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Price estimates do not factor in specific location information which can change premium rates significantly.

Selecting the highest-rated company can be difficult considering how many companies provide coverage in Texas. The information listed below could help you decide which auto insurers you want to consider when insurance shopping for a Hyundai Elantra. These rankings are for large nationwide companies, so companies with more of a regional focus are not included in the list.

Top 10 Large Auto Insurance Providers Overall in Dallas

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

The diagram below highlights how deductible selection can impact annual premium costs when searching for cheap insurance for a Hyundai Elantra. The rates are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

A 30-year-old driver could lower rates by $412 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $624 by choosing a $1,000 deductible. Youthful drivers, such as the Age 20 example, could shave as much as $920 or even more just by choosing larger deductibles.

When raising deductibles, it is a good idea to have enough savings to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Why you should be shopping around

Texas insurance rates are determined by lots of factors that control your annual premium. Simply getting older, having a claim, or getting caught speeding can cause premium changes resulting in some rates now being cheaper than before. Not only may things change on your end, but car insurance companies modify rates at least once a year to adjust for heavy claims or excess profits. Larger than normal claims can cause more expensive premiums, while a better loss history can result in cheaper Elantra insurance rates.

As an example, the chart below shows the company with the cheapest car insurance in Dallas, TX for a 40-year-old female driver with a good driving record, no prior claims, and a good credit rating. Based on her personal risk profile, Travelers may offer the lowest car insurance rates in Dallas at $1,288 annually. This is $616 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the cheapest Dallas, TX auto insurance companies.

The example below compares rates after we give the driver in the first chart a chargeable claim, bad credit, and a blemish on her driving record. Because each insurer uses a different method to set policy rates, analyzing rate quotes will most likely result in a different ranking of affordable companies as shown below.

Mercury now has the cheapest price in Dallas, TX with State Farm, Nationwide, Safe Auto, and USAA completing the list. This example proves why it is critical to take the time to shop around to get the best insurance quotes for a Hyundai Elantra. Insurance prices can be determined by many risk factors and can increase or decrease at any time, so the most affordable company two years ago may now be an over-priced policy.