How Much Is Hyundai Insurance? Compare Quotes by Model
The average cost to insure a Hyundai is $1,307 per year. This is relatively inexpensive compared to other manufacturers. However, Hyundai insurance costs can vary greatly depending on the actual car model. MoneyGeek broke down costs for all major Hyundai models based on model year and the driver’s age.
Hyundai insurance quotes are different for every model. Among the three major Hyundai models analyzed by MoneyGeek, the most expensive is the Ioniq, with an average insurance cost of $1,529 per year. The Elantra has the cheapest Hyundai insurance cost, at an average of $1,282 per year.
MoneyGeek broke down average rates to help drivers understand how much it costs to insure a particular Hyundai model and which companies offer the cheapest rates.
How Much Hyundai Insurance Costs on Average - Summary by Model
Hyundais are relatively inexpensive to insure. However, the actual cost of insuring a Hyundai can vary based on the specific car model. MoneyGeek ranked the major Hyundai models based on their average rates, from cheapest to most expensive:
- Hyundai Elantra: $1,282 per year
- Hyundai Kona: $1,285 per year
- Hyundai Ioniq: $1,529 per year
Among the many factors that affect car insurance costs, the model type is one of the most important. Certain models like the Ioniq are more expensive to insure than other models for several reasons. High MSRP and high repair costs are just some of the factors that increase Hyundai insurance costs for a specific model.
Hyundai Annual Insurance Costs by Model
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- ModelAverage Annual Premium
- $1,529
- $1,285
- $1,282
Are Hyundais Expensive to Insure?
Compared to other car makes and models, Hyundais are generally inexpensive to insure. However, car insurance costs are determined by the specific model of your car more than its brand.
MoneyGeek’s analysis of the three major Hyundai car models shows that both the Elantra and Kona are inexpensive to insure, while insurance for the Hyundai Ioniq tends to be more expensive.
At an average cost of $1,282 per year, the Hyundai Elantra is the most affordable to insure due to its low value and low horsepower. The more affordable your car is, the less expensive it is to repair. In addition to the car’s market value, lower horsepower decreases its chance of getting into serious accidents.
On the other hand, with an average cost of $1,529 per year, the Hyundai Ioniq is the most expensive to insure, primarily because it is an electric car. In general, insurance premiums for electric cars tend to cost more because they are more expensive to repair.
How Much Is Insurance for a Hyundai Ioniq?
On average, a Hyundai Ioniq costs $1,529 per year to insure. It is the most expensive among the three major Hyundai models MoneyGeek analyzed. It is also relatively expensive to insure compared to other car makes and models.
GEICO offers the cheapest widely available insurance policy for an Ioniq, at an average rate of $1,242 per year. On the other hand, Allied has the most expensive policy, averaging $2,087 per year.
Hyundai Ioniq Annual Insurance Costs
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- CompanyAverage Annual Premium
- $1,164
- $1,242
- $1,443
- $1,541
- $1,669
- $1,960
- Allied$2,087
Car insurance quotes for the Hyundai Ioniq depend on the model year, driver characteristics and the type of coverage desired.
- Depending on the model year of your Hyundai Ioniq, car insurance costs can vary. The average cost to insure a Hyundai Ioniq 2020 is $1,529 per year.
- An 18-year-old driver with a Hyundai Ioniq will pay an average of $4,990 per year for a policy, which is $3,461 more than a 40-year-old driver with the same car typically pays.
- If you’re not solely concerned about cost and simply want the best car insurance for a Hyundai Ioniq, MoneyGeek analyzed insurers by claims ratings, user satisfaction and financial stability.
How Much Is Insurance for a Hyundai Kona?
It costs an average of $1,285 per year to insure a Hyundai Kona across all model years. It ranks as the second most expensive to insure out of the three major Hyundai models MoneyGeek analyzed. However, it is still generally inexpensive to insure a Hyundai Kona compared to other car brands.
GEICO has the cheapest Hyundai Kona insurance quotes at an average of $1,052 per year. On the other hand, Allied is the most expensive at $1,560 per year on average.
Hyundai Kona Annual Insurance Costs
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- CompanyAverage Annual Premium
- $1,052
- $1,152
- $1,256
- $1,277
- $1,309
- $1,540
- Allied$1,560
Hyundai Kona insurance quotes depend on several factors including the model year, driver characteristics and the type of coverage you want for your vehicle.
- Car insurance varies greatly depending on the model year of your Hyundai Kona. Newer models have higher market value and are therefore more expensive to insure. A 2020 Hyundai Kona costs $1,285 per year on average to insure.
- An 18-year-old driver with a Hyundai Kona will pay an average of $4,193 per year for a policy, which is $2,908 more than a 40-year-old driver usually pays for the same coverage.
- If you’re not only concerned about cost and want the best car insurance for a Hyundai Kona regardless of pricing, MoneyGeek analyzed insurers by claims ratings, user satisfaction and financial stability.
How Much Is Insurance for a Hyundai Elantra?
A Hyundai Elantra costs an average of $1,282 per year to insure. It is the most affordable model out of the three major Hyundai models analyzed by MoneyGeek. It is also generally inexpensive to insure this particular model compared to all other car makes and models.
GEICO has the cheapest widely available rates for a Hyundai Elantra, at an average cost of $1,047 per year. Meanwhile, Allied offers the most expensive rates at $1,720 per year on average.
Hyundai Elantra Annual Insurance Costs
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- CompanyAverage Annual Premium
- $1,024
- $1,047
- $1,175
- $1,286
- $1,495
- $1,571
- Allied$1,720
Hyundai Elantra insurance quotes vary greatly by model year, driver characteristics and the type of coverage you need for your vehicle.
- Depending on the model year of your Hyundai Elantra, car insurance costs may range from an average of $1,051–$1,388 per year.
- An 18-year-old driver with a Hyundai Elantra will pay an average of $4,183 per year for auto insurance. This is $2,902 more than the average cost for a 40-year-old driver.
- MoneyGeek analyzed insurers by claims ratings, user satisfaction and financial stability to find the best car insurance for a Hyundai Elantra for drivers who are not solely concerned about costs.
FAQs About Hyundai Insurance
Drivers often wonder how much car insurance rates are for different Hyundai models. Understanding the answers to some of the most common questions drivers have about Hyundai insurance can help you make an informed decision.
Methodology
MoneyGeek collected information about insurance provider rates for Hyundais using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:
- $100,000 in bodily injury liability insurance per person
- $300,000 in bodily injury liability insurance per accident
- $100,000 in property damage liability insurance per accident
- Comprehensive and collision insurance with a $1,000 deductible
Rates represent averages and can provide guidance on what prices to expect but won’t match your specific rates.
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