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Looking for Hyundai insurance cost in 2023? Get the best deals on Hyundai insurance for all their models, starting from Hyundai Accent to Hyundai Venue. We’ll help you find the best cheap Hyundai insurance costs from the different insurance companies and guide you on which options are available.
We compared several car insurance company quotes to let you decide the best way to insure you get your best deals on Hyundai insurance. Learn what factors affect your spending decision while paying for car insurance, look at Hyundai car prices, locations affecting its price, discounts, credit score required, and safety ratings.
Mount Shine‘s comparison of all Hyundai insurance model costs will help you save money on your next auto insurance policy and in the best financial decision-making.
Hyundai Insurance [2023]: Overview
Hyundai has always been attractive, trendy, and economically priced to compete with other automakers in the United States. Hyundai models like Accent, Elantra, and Sonata are some of the models that America’s consumers like a lot. The company has always cared for its customers and brought Hyundai cars that match their expectations. For the SUV sections, Hyundai has introduced strong options like the Tucson, which was updated recently, and the Kona, Santa Fe, and Palisade, with a three-row, seven-seat full-size SUV.
The Hyundai Kona is a subcompact crossover that comes as a full EV. The NEXO hydrogen fuel cell crossover is competing in the automotive market in the electric vehicle segment. Hyundai plans to develop more hybrid, fully electric vehicles and plug-in hybrid models, creating a promising future for customers.
With so many options to choose from, including the Elantra sports, finding the best insurance coverage for Hyundai cars can be tricky. Without any proper knowledge, some auto insurance company can charge customers more. It is always advised to research the average rate for an insurance policy and buy or renew it. An auto insurance policy that covers your Hyundai car helps you save money and should result in the best financial decision. So let us compare Hyundai Insurance for all different models and see which option is best for you.
How Much Does a Hyundai Costs To Insure in 2023?
The average rate for Hyundai car insurance is $1,538 a year, or $128 per month, depending on the trim level. Hyundai Venue insurance rates for an annual policy are $1,294, whereas Hyundai auto insurance costs $1,318 per year. The other Hyundai model insurance costs may vary from state to state. Like Hyundai Accent, Hyundai Veloster, and Hyundai Santa Fe, insurance quotes are $1,544, $1,556, and $1,590, respectively. If you live in Texas, insurance rates may vary depending on your driving history.
Other than this, Hyundai Models are not expensive to insure. Also, due to its low theft rate, it is considered to be the cheaper car for insurance. According to National Insurance Crime Bureau’s top 10 stolen vehicles list, Hyundai Models does not come on the list.
| Model | Annual Cost | Monthly Cost |
|---|---|---|
| Hyundai Accent | $1,544 | $129 |
| Hyundai Azera (2017 and prior) | $1,434 | $120 |
| Hyundai Elantra | $1,720 | $143 |
| Hyundai Equus (2016 and prior) | $1,730 | $144 |
| Hyundai Genesis (2016 and prior) | $1,636 | $136 |
| Hyundai Ioniq | $1,636 | $136 |
| Hyundai Ioniq 5 | $1,514 | $126 |
| Hyundai Kona | $1,318 | $110 |
| Hyundai Nexo | $1,744 | $145 |
| Hyundai Palisade | $1,462 | $122 |
| Hyundai Santa Cruz | $1,464 | $122 |
| Hyundai Santa Fe | $1,590 | $133 |
| Hyundai Sonata | $1,736 | $145 |
| Hyundai Tucson | $1,416 | $118 |
| Hyundai Tucson FCV (2015 and prior) | $1,418 | $118 |
| Hyundai Veloster | $1,556 | $130 |
| Hyundai Venue | $1,294 | $108 |
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Hyundai Car Insurance Cost vs Popular Automotive Brands [2023]
Hyundai insurance costs on average $74 more annually than Honda, $14 less annually than Toyota, $83 less annually than Nissan, and $16 more annually than Kia when compared to the top Popular Automotive Brands.
The table below compares the average cost of auto insurance for Hyundai automobiles to those of its main competitors.
| Automotive Brand | Insurance Cost | Difference |
|---|---|---|
| Hyundai | $1,538 | -- |
| Acura | $1,772 | $234 |
| Audi | $2,089 | $551 |
| BMW | $2,115 | $577 |
| Cadillac | $1,664 | $126 |
| Chevrolet | $1,549 | $11 |
| Dodge | $2,025 | $487 |
| Ford | $1,548 | $10 |
| Genesis | $1,841 | $303 |
| GMC | $1,649 | $111 |
| Honda | $1,464 | -$74 |
| Infiniti | $1,938 | $400 |
| Jaguar | $1,975 | $437 |
| Jeep | $1,683 | $145 |
| Kia | $1,522 | -$16 |
| Lexus | $1,826 | $288 |
| Lincoln | $1,720 | $182 |
| Mazda | $1,409 | -$129 |
| Mercedes-Benz | $2,127 | $589 |
| Mitsubishi | $1,625 | $87 |
| Nissan | $1,621 | $83 |
| Subaru | $1,463 | -$75 |
| Tesla | $1,976 | $438 |
| Toyota | $1,552 | $14 |
| Volkswagen | $1,491 | -$47 |
| Volvo | $1,667 | $129 |
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Is Hyundai Car Expensive To Insure in 2023?
Hyundai Models are generally not expensive to insure. For a 30-year-old driver, the average cost for full-coverage insurance on a 2023 Hyundai Kona can be $1,318 per year. For a teenage driver, Hyundai insurance rates can be $4,376 per year for a 16-year-old driver, $4,072 per year for a 17-year-old driver, and $3,798 per year for an 18-year-old driver. Teenagers often tend to pay higher rates as compared to other drivers because of the high risk of accidental claims, speeding tickets, age, etc.
Other than this, Hyundai Models are not expensive to insure. Also, due to its low theft rate, it is considered to be the cheaper car for insurance. According to National Insurance Crime Bureau’s top 10 stolen vehicles list, Hyundai Models does not come on the list.
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Compare Hyundai Insurance For All Models in 2023
Hyundai insurance for all models and see how much does Hyundai Sonata insurance cost, is Hyundai genesis coupe insurance rates higher, or insurance on Hyundai Elantra? Get the in-depth details for each Hyundai model along with the age of the driver, deductibles, Hyundai depreciation, crash test results, safety features, etc.
What Is The Cheapest Hyundai Insurance Cost In 2023?
The cheapest Hyundai insurance is for Hyundai Venue (Manufacturer’s Suggested Retail Price from $18,900 to $22,150) costing around $1,294 per year, and the second cheapest car to insure is the Hyundai Kona(MSRP from $21,150 to $42,500) which costs $1,318 a year.
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What Is The Most Expensive Hyundai Insurance Cost In 2023?
The Hyundai Nexo (small SUV), which has an MSRP(Manufacturer’s Suggested Retail Price) between $58,935 and $62,385, is the most costly Hyundai model to insure, costing an average of $1,744 a year.
It is the second most costly Hyundai model with average annual insurance premiums of $1,736 for the Hyundai Sonata (MSRP from $24,350 to $34,750).
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Hyundai Insurance Rates By Auto Insurance Company [2023]
Farm Bureau provides cheap auto insurance for Hyundai drivers — $1,295 annually. Nationwide’s cheapest policy costs $2856 a year. It costs twice as much as a policy at the Farm Bureau. Although Hyundai Insurance rates differ according to the car, you are driving. The company’s insurance policy you choose is much more influential on how much you pay for average insurance coverage.
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How To Apply For Hyundai Insurance in 2023?
The insurance quotes may vary from state, company, driving history, and manufacturing years of the Hyundai models. The best way to insure the cheapest or the most reliable option is to research well before buying auto car insurance for Hyundai cars. Let Mount Shine help you find the best insurance companies across 50 United States states. We’ll guide you to the rates, payment options, auto insurance offers, and more. Check yourself for Hyundai insurance cost and then buy or renew.
Get free Hyundai Insurance quotes, buy/renew, and save money on your car insurance policy by contacting us. Our service is free, fast, and simple, so get started today!
Frequently Asked Questions
FAQ 1: Does Hyundai has its own insurance?
Answer: Yes, Hyundai has its own insurance which covers comprehensive and third-party damages. Also, there are other auto insurance companies from which you can choose.
FAQ 2: Is Hyundai expensive to insure?
Answer: Hyundai Insurance depends on factors where age, location, driving hisotry, and credit score are a few mentions which decide the insurance costs. Hyundai car insurance on average is cheaper than the other cars.
FAQ 3: Should I buy Hyundai insurance?
Answer: Yes, drivers with Hyundai insurance saved money during an at-fault accident, avoided tickets, and had more benefits than those without. Also, it helps you save yourself from speeding ticket.
