How Much are Insurance Quotes for a Hyundai Elantra in Oklahoma?

We always joke that when we write about car insurance, the words cheap or affordable really shouldn’t be used as a descriptor for auto insurance rates. Excuse the oxymoron, but cheap car insurance for a Hyundai Elantra is not easy to find. Don’t let that bother you, though, because we can show you some ways you can get auto insurance that is more budget-friendly.

The chances of buying cheap auto insurance for a Hyundai Elantra in Oklahoma depends on a large number of factors like whether you are married, whether you are claim-free, and driving citations. Oklahoma drivers will pay on average $1,340 each year to insure an Elantra, but that rate is a projection based on rates for a 40-year-old married male driver with full coverage and $100 physical damage deductibles.

If we were betting, you aren’t exactly 40 years old or even a male, you might be single instead of married, or maybe you just want to insure for liability only. Each driver’s needs are different, and that demonstrates why the best way to quote the cheapest insurance price for your Hyundai is to just take the time to compare rates yourself. To start saving now, get free quotes and you will receive rate quotes from the cheapest companies that offer coverage in Oklahoma.

Insure Your Hyundai for Less

Your Hyundai’s trim level will influence the cost of insurance, so the price you will be charged to insure a Elantra GLS Touring Station Wagon trim level will be $160 cheaper than the cost to insure the higher-end Elantra SE Touring Station Wagon version, as demonstrated by the prices below.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Estimates do not factor in specific location information which can impact premium rates significantly.

Best car insurance company in Oklahoma

Finding a high-quality insurer can be a challenge considering how many companies sell coverage in Oklahoma. The ranking information in the lists below can help you select which companies to look at purchasing coverage from. The ratings below are for insurance companies that insure vehicles in the majority of U.S. states, so smaller regional companies will not be included in this list.

Top 10 Large Auto Insurers Overall in Oklahoma

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

Top 10 Large Auto Insurers in Oklahoma Ranked by Claims Service

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

Top Companies for Hyundai Elantra Insurance in Oklahoma

Should you buy full coverage?

Finding cheap insurance for a Hyundai Elantra in Oklahoma is important to most vehicle owners, and one easy way to find cheap insurance is to buy only liability coverage. The chart below shows the difference between insurance premiums with full coverage and liability only. The rates are based on no claims or driving citations, $1,000 deductibles, single status, and no other discounts are factored in.

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If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $2,033 per year more than just buying liability only. That may make you wonder if it’s a good idea to buy full coverage. There is no definitive formula for dropping physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $9,000 after the policy deductible has been paid. If premiums are more than $900 a year for full coverage, then you might want to think about dropping full coverage.

There are some cases where dropping physical damage coverage is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Drive responsibly or pay higher rates

A great way to maintain cheap insurance for a Hyundai Elantra in Oklahoma is to drive cautiously and have a clean driving record. The example below illustrates how traffic citations and accident claims can increase insurance premiums for different age categories. The premiums assume a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

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In the chart above, the average cost of auto insurance in Oklahoma per year with no accidents or violations is $2,821. Get written up for two speeding tickets and the average cost surges to $3,799, an increase of $977 each year. Now get one accident along with the two speeding tickets and the yearly cost of car insurance for a Hyundai Elantra goes up to an average of $4,794. That’s an increase of $1,973, or $164 per month, just for not paying attention while driving!

Geico, Allstate, Progressive, or State Farm: Who is cheapest?

If you want the best car insurance, the companies that insure more vehicles than anyone else are Geico, Allstate, Progressive, and State Farm. Combined they have almost 50% of all auto insurance written. The table below compares some of the different options and features that may be available in Oklahoma.