Thomas Sirsla
Insurance Expert
Enter your ZIP Code
to get insurance quotes in your area
Headquartered in Seoul, Korea, Hyundai is a worldwide, respected manufacturer of a wide range of sedans, sports cars, hatchback, SUVs, and minivans. It is estimated that they produce almost 5 million vehicles annually, which are sold in almost 200 countries around the world. Initially, the company’s vehicles had quality concerns, but they have turned that around and today Hyundai’s cars have a reputation for having very good value for their price and for having great warranties. The company manufactures cars in a plant in Alabama, and has design and engineering facilities in California and Michigan. Their Elantra and Sonata models are very popular sedan models and their SUV, the Tucson, is highly rated. Their full product line can be seen all across the American roadways.
The cost for insuring any vehicle will vary widely. Your premiums will hinge on things like your safety record, your place of residence, your age, and the type and depth of financial protections you want to carry. Insurance prices will also vary by make and model of your vehicle. The average cost for full car insurance coverage is around $1,400 per year. Full coverage is usually defined as liability, collision, and comprehensive insurance. The average annual cost for a Hyundai vehicle is right in line with the national average. However, those rates will vary by the exact model and trim line you buy. Insurance costs for the Elantra, Ioniq, and Veloster tend to be a bit higher than other models across the product line.
Generally speaking, the higher the sticker price of your car, the more your annual insurance premiums will probably be. Hyundai owners should shop around before they settle on buying insurance.
Model | Insurance rate (monthly) | Base car price |
Accent | $178 | $14,745 |
Azera | $164 | $34,100 |
Elantra | $220 | $17,150 |
Elantra GT | $177 | $18,800 |
Ioniq | $227 | $22,200 |
Santa Fe | $158 | $30,800 |
Santa Fe Sport | $167 | $25,350 |
Sonata | $177 | $21,600 |
Tucson | $169 | $22,700 |
Some of the top name brands such as Progressive and Erie offer competitive car insurance rates for your Hyundai. But, as we always caution, shop around for discounts. Don’t limit your search to just the most popular names. There are many regional insurance carriers that pride themselves on their outstanding customer service. Insurance companies will almost always offer bundling discounts if you need home insurance or renters insurance and some carriers cater exclusively to military personnel.
Many car owners add roadside assistance to their portfolio of financial protections for their vehicle. Hyundai typically includes a no cost 5 year roadside assistance plan to purchasers of new vehicles, a pretty great value. The plan covers such things as dead battery, flat tire towing, being locked out of your vehicle, and running out of gas. This coverage can really provide peace of mind, especially if you have teenagers or your adults in the family.
11440 W. Bernardo Court, San Diego CA 92127
American Insurance - auto, health, home and life insurance provider.
Add new comment