How Much Is Hyundai Insurance? Compare Quotes by Model


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ByMark Fitzpatrick
ByMark Fitzpatrick

Updated: May 20, 2024

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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
Model
Average Annual Premium

Hyundai Ioniq

$1,529

Hyundai Kona

$1,285

Hyundai Elantra

$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.

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WHY HYUNDAI COSTS DIFFER BY MODEL

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
Company
Average Annual Premium

USAA

$1,164

GEICO

$1,242

State Farm

$1,443

Progressive

$1,541

Nationwide

$1,669

Allstate

$1,960

Allied

$2,087

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EVERYTHING YOU NEED TO KNOW ABOUT HYUNDAI IONIQ INSURANCE COSTS

Car insurance quotes for the Hyundai Ioniq depend on the model year, driver characteristics and the type of coverage desired.

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
Company
Average Annual Premium

GEICO

$1,052

USAA

$1,152

Progressive

$1,256

Nationwide

$1,277

State Farm

$1,309

Allstate

$1,540

Allied

$1,560

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EVERYTHING YOU NEED TO KNOW ABOUT HYUNDAI KONA INSURANCE COSTS

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
Company
Average Annual Premium

USAA

$1,024

GEICO

$1,047

Progressive

$1,175

State Farm

$1,286

Nationwide

$1,495

Allstate

$1,571

Allied

$1,720

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EVERYTHING YOU NEED TO KNOW ABOUT HYUNDAI ELANTRA INSURANCE COSTS

Hyundai Elantra insurance quotes vary greatly by model year, driver characteristics and the type of coverage you need for your vehicle.

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.

How much does it cost to insure a Hyundai on average?
What is the most expensive Hyundai model to insure?
What is the cheapest Hyundai model to insure?

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.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.