Who Has the Cheapest Insurance Quotes for a Hyundai Elantra in Colorado?

Who Has the Cheapest Insurance Quotes for a Hyundai Elantra in Colorado?

Our staff writers always rib each other than when writing about car insurance, the words “cheap” or “affordable” really should not be used anywhere to describe car insurance rates. Sad but true, cheap car insurance for a Hyundai Elantra can be difficult to find. Don’t let that spoil your day, because there may be ways you can quote and buy insurance that is cheaper than your current policy.

Buying affordable car insurance for a Hyundai Elantra in Colorado depends upon a pretty complex algorithm that uses a lot of factors like if you are a renter or homeowner, if you have ever let your policy lapse, and driving violations and tickets. Drivers in Colorado pay around $850 each year to insure their Elantra, but that cost is a valuation assuming a 40-year-old married male that purchased full coverage and $500 policy deductibles.

It’s highly likely you are not exactly 40 years old and possibly not even male, possibly single instead of married, or maybe you’re a renter instead of a homeowner. Auto insurance is unique to every driver, so the only real way to find cheap car insurance rates for your Hyundai is to just compare rates yourself.

Cheapest Hyundai Elantra Insurance Rates

The trim level of your Hyundai tends to have a direct effect on the coverage cost, so the rate you will pay to insure a Elantra GLS Touring Station Wagon trim level will be $88 less than the cost to insure the higher-priced Elantra SE Touring Station Wagon trim level, as shown in the table below.

Hyundai Elantra Insurance Rates in Colorado
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $174 $278 $308 $18 $92 $870 $73
Elantra Blue 4-Dr Sedan $174 $400 $362 $22 $108 $1,066 $89
Elantra GLS 4-Dr Sedan $200 $400 $362 $22 $108 $1,092 $91
Elantra SE 4-Dr Sedan $200 $400 $362 $22 $108 $1,092 $91
Elantra SE Touring Station Wagon $200 $340 $308 $18 $92 $958 $80
Get Your Own Custom Quote Go

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price information does not factor in vehicle location which can impact auto insurance rates noticeably.

Colorado insurance companies ranked

Picking the top auto insurance company can be a challenge considering how many different companies there are to choose from in Colorado. The company information shown next may help you analyze which auto insurers to look at to insure your vehicles.

These rankings include companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Colorado are not taken into consideration for this list. To check prices from the most competitive companies in Colorado, just click here.

Top 10 Major Auto Insurance Providers in Colorado Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. The General

Top 10 Major Auto Insurance Providers in Colorado Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA Insurance – 91%
  4. Nationwide – 90%
  5. State Farm – 90%
  6. The Hartford – 89%
  7. GEICO – 89%
  8. Allstate – 88%
  9. 21st Century – 88%
  10. The General – 88%

Top Companies for Hyundai Elantra Insurance in Colorado

Difference between liability only and full coverage rates

Finding the cheapest insurance for a Hyundai Elantra in Colorado is important to the majority of vehicle owners, and a great way to buy cheaper insurance is to not buy comprehensive and collision coverage. The chart below shows the comparison of insurance premiums with full coverage compared to only the Colorado minimum liability coverage. The costs are based on no claims, a clean driving record, $250 deductibles, drivers are single, and no discounts are taken into consideration.

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On average, physical damage coverage costs $2,040 per year more than just insuring for liability. At some point, almost every driver questions if full coverage is worth the money. There is no set guideline to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s claim settlement value is $7,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,500 after paying the physical damage deductible. If you are paying in excess of $650 annually to have full coverage, then you might consider buying liability only.

There are a few cases where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Discounts on the cheapest insurance for a Hyundai Elantra in Colorado

Insurance for an Elantra in ColoradoCar insurance companies that offer quotes for a Hyundai Elantra may also provide discounts that can reduce rates by as much as 30% if you meet the requirements. A few popular companies and some of their more popular discounts can be read below.

Car Insurance Discounts Available by Company
Discount Geico Allstate Progressive State Farm Nationwide
Multi-policy Yes Yes Yes Yes Yes
Multiple vehicles Yes No Yes Yes Yes
Anti-theft Yes Yes Yes Yes Yes
Anti-lock brakes Yes Yes No Yes No
Passive restraint Yes Yes No Yes Yes
Running lights Yes No No Yes No
Newer vehicle No Yes No Yes Yes
Safe driver Yes Yes Yes Yes Yes
Defensive driver training Yes Yes Yes Yes Yes
Active duty military Yes No Yes Yes No
Occupational Yes No No No Yes
Full payment Yes Yes Yes No Yes
Automatic payment Yes Yes Yes No Yes
Brand loyalty No No Yes Yes Yes
Sign early No Yes No No Yes
Good student Yes Yes Yes Yes Yes
Student at college No Yes Yes Yes Yes
Own your home No No Yes No No
Use seat belts Yes No No No No
Online quote No No Yes No No
Compare Rates Go

The example below shows the comparison of insurance prices with and without discounts applied to the rates. The prices are based on a female driver, no claims or driving citations, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, safe-driver, accident-free, marriage, claim-free, and anti-theft discounts applied. With discounts applied, the average amount saved each year on insurance for a Hyundai Elantra is 33% or $331.

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Find the cheapest insurance for a Hyundai Elantra in Colorado

It’s not impossible to find cheaper rates, and here are some of the recommended money-saving suggestions that can help you buy low-cost auto insurance.

  • Lower rates by purchasing a safer vehicle
  • Buying home and auto together can help save money
  • Higher comprehensive and collision coverage deductibles will save money
  • Try paying for small claims out-of-pocket
  • Good credit scores may make rates cheaper
  • Drop full coverage on older vehicles
  • Compare rate quotes frequently

That last tip is very vital, as was emphasized in this piece. Car insurance prices in Colorado change a lot, so don’t be unwilling to switch carriers if a lower price can be found.

Loyalty to a specific company is fine, but it isn’t a good idea if it’s costing you a considerable chunk of change every month. Now is a great time to shop around and find cheaper car insurance for a Hyundai Elantra.