What Insurance is Cheapest for a Hyundai Elantra in Albuquerque?

Buying cheap coverage for a Hyundai Elantra depends on an enormous amount of rating factors such as how old the Elantra is, if you are a frequent claim filer, and if you have tickets or violations. Drivers will pay on average $1,141 annually to insure their Elantra, but that amount is an estimate based on a 30-year-old single female driver with full physical damage coverage and $250 deductibles.

It’s highly likely you may not be 30 years old (or even female), married instead of single, and you may just want the cheapest liability coverage you can find. Auto insurance is unique to each driver, so the only real way to find the cheapest coverage for your Hyundai is to compare rates from as many companies as possible.

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Vehicle trim level will likely have an effect on the yearly cost, so the price you will pay to insure a Elantra GLS Touring Station Wagon will be $128 cheaper than the cost to insure the more well-appointed Elantra SE Touring Station Wagon model, as shown in the prices below.

Hyundai Elantra Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $240 $424 $370 $22 $110 $1,166 $97
Elantra Blue 4-Dr Sedan $240 $608 $434 $26 $130 $1,438 $120
Elantra GLS 4-Dr Sedan $276 $608 $434 $26 $130 $1,474 $123
Elantra SE 4-Dr Sedan $276 $608 $434 $26 $130 $1,474 $123
Elantra SE Touring Station Wagon $276 $516 $370 $22 $110 $1,294 $108
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in specific Albuquerque garaging location which can lower or raise coverage prices substantially.

Albuquerque car insurance companies ranked

Choosing the highest-rated insurance company can be difficult considering how many companies sell coverage in New Mexico. The company rank data listed below could help you analyze which auto insurance companies to look at shopping your coverage with.

The ratings below are only made up of companies that write coverage in many states, so smaller regional companies are not included in these rankings. To compare price quotes and find the cheapest rates for a Hyundai Elantra, follow this link.

Albuquerque, NM Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Insure.com Best Car Insurance Companies

Impact of violations and accidents on rates in Albuquerque

A great way to earn cheap car insurance rates in New Mexico for an Elantra is to drive cautiously and avoid accidents and keep your driving record clean. The information below illustrates how traffic citations and at-fault accidents can raise insurance costs for each different age category. The rates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

The chart shows that the average cost of car insurance per year with no accidents and a clean driving record is $1,970. Receive two speeding tickets and the average cost increases to $2,734, an increase of $764 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Hyundai Elantra goes up to an average of $5,419. That’s an increase of $3,449, or $287 per month, just for not being attentive to the road!

Get discount Albuquerque auto insurance

Discounts on car insurance for a Hyundai ElantraInsurance providers that offer quotes for a Hyundai Elantra may provide discounts that could reduce prices by as much as 40% or more if you qualify for them. Companies and some of the discounts are included below.

The example below illustrates the comparison of car insurance rates with and without discounts. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, New Mexico state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, passive restraint, defensive driving course, multiple policy, vehicle safety, and safe-driver discounts applied. In this example, theamount saved on car insurance for a Hyundai Elantra is 28% or $499.

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

Albuquerque, NM car insurance rates are determined by lots of factors which can substantially change the policy price. Simply getting older, increasing deductibles, or getting a couple of tickets can cause premium changes resulting in some rates now being cheaper than before. Not only may your risk profile change, but companies file new rates without warning to reflect underwriting profits or losses. Unexpectedly high claims may result in more expensive premiums, while a better loss history can result in lower-priced Elantra insurance rates.

The chart below shows which companies have the cheapest car insurance in Albuquerque, NM for a 40-year-old male driver with no prior accidents, a clean driving record, and good financial standing. If we look at prices based on his personal profile, USAA might quote the cheapest car insurance rates in Albuquerque at $893 each year. This is $675 less than the average premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers are the remaining best Albuquerque, NM auto insurance companies.

Let’s now give the driver in the first example some claims, a lower credit rating, and a few traffic violations. Because every insurance company has their own guidelines for determining rates, analyzing rates may now show a completely different list of the cheapest car insurance companies in Albuquerque as shown below.

USAA now has the lowest price in Albuquerque with Allied, Central Mutual, State Farm, and Safeco also having competitive pricing. This example shows why drivers need to shop around with many companies to get the lowest auto insurance rates for a Hyundai Elantra.

Auto insurance prices are determined by many things and can increase or decrease at any time, so the cheapest option the last time you shopped your coverage around may now be priced much higher than other options.

The agencies below can aid you in deciding which auto insurance coverages would be the best in your situation, since many consumers aren’t sure which coverage to buy and prefer to have some professional guidance when trying to find lower insurance rates for an Elantra. It can be time-consuming to do it yourself, so getting professional guidance from a licensed agent can give satisfaction knowing your policy gives you adequate coverage when you need it most.

To find an Albuquerque insurance agency nearest to you, click the button after the list.

Tim Gallegos – State Farm Insurance Agent
1100 Coors Blvd SW, Ste B2Albuquerque, NM 87121(505) 200-2319

Commercial West Insurance
2616 Mesilla St NE #2Albuquerque, NM 87110(505) 255-9577

Greg Shamas – State Farm Insurance Agent
9680 Eagle Ranch Rd NW #2Albuquerque, NM 87114(505) 898-3648

Stephanie Valdez – State Farm Insurance Agent
5921 Lomas Blvd NE aAlbuquerque, NM 87110(505) 255-8676

View map of Albuquerque, NM insurance agents

How to find economical insurance for a Hyundai Elantra

It’s not impossible to find cheaper rates, and here are some money-saving ideas that can help New Mexico drivers locate low-cost coverage.

That last piece of advice is especially vital, as we stressed in the article above. Coverage rates can be changed at any time, so you should be ready to buy from a new company if you find a cheaper price. Many drivers prefer to stick with one company, but it’s not recommended if it’s costing you a small fortune. Now is a great time to compare rates and find cheaper auto insurance for a Hyundai Elantra in Albuquerque.