An electronic device may include a device housing, a haptic actuator carried by the device housing, and an audio input transducer carried by the device housing. The electronic device may also include a controller coupled to the audio input transducer and the haptic actuator. The controller may be capable of determining a sound level of the haptic actuator, attempting to drive the haptic actuator to operate within a desired sound level range, and when unable to drive the haptic actuator within the desired sound level range, then generating a warning indication.