How do Hyundai insurance rates compare?

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: May 24, 2021

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Buying a car can be as stressful as—or more stressful than—buying a home for some Americans. Ongoing expenses that accrue with vehicles, safety considerations, and volatile gas prices trigger a need to research multiple models to weed out money pits. But the process isn’t over once the haggling, test driving, and signing the bottom line has been completed.

You still have to get insurance. And, depending on your make and model, insurance rates can really add up.

Researching auto insurance plans and comparing insurance providers can be tedious, but it’s the only way to know when you’re getting the best deal. Don’t worry, we’ve done some of the legwork for you.

Let us show you how insurance rates for Hyundai cars compare.

Reconstructing the Origins of Hyundai

Unlike many carmakers, which started off in aeronautics or other engine-related industries, the Hyundai corporation began in construction. By the 1970s it began making cars and today Hyundai vehicles are manufactured by Hyundai Motor Company, which along with Kia is part of the larger entity known as Hyundai Kia Automotive Group.

Headquartered in Seoul, South Korea, Hyundai operates the world’s largest automobile manufacturing facility, producing vehicles for roughly 6,000 dealerships around the world. Hyundai sells north of  4 million vehicles annually.

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By the numbers: How much does it cost to insure Hyundai vehicles?

To relate to shoppers across America, we’ve used Oregon insurance rates as the benchmark.  This is because studies have shown that insurance rates in Oregon are around the national average rate. For each popular Hyundai vehicle model, we calculated what the price of insurance would be for a Portland, Oregon driver who meets the following criteria:

  • Holds basic, required insurance coverage
  • Has had no accidents in the past 5 years
  • Has good credit
  • Drives a 2018 model
  • Drives 10,001 – 15,000 miles driven yearly

Here is how it breaks down, by model:

Accent

The average insurance costs for a Hyundai Accent is $83 a month — or $996 a year.

Elantra

The average insurance costs for a Hyundai Elantra is $82 a month — or $977 a year.  

Santa Fe

The average insurance costs for a Hyundai Santa Fe is $81 a month — or $966 a year.  

Tucson

The average insurance costs for a Hyundai Tucson is $74 a month — or $886 a year.  

Sonata

The average insurance costs for a Hyundai Sonata is $79 a month — or $943 a year.  

These rates are quite competitive compared to models close in price the those from Honda or Kia.

Hyundai is known for fuel efficiency, but are they safe?

While Hyundai has had industry-leading fuel efficiency over the years, it garnered a reputation for cars that didn’t last as long as expected. The carmaker counteracted the complaints with one of the best warranties on the market, a 10-year, 100,000-mile bumper-to-bumper guarantee.

So how does all this relate to car safety, one of the big factors in keeping insurance costs manageable? Let’s take a look.

Two reputable online sources are available that can give you a clear and fair look at how safe any car  model is:

  • Insurance Institute for Highway Safety—Established by insurance companies in 1959, the organization is now independent and nonprofit. They are dedicated to using scientific research and outreach education to reduce deaths, injuries, and property damage due to motor vehicle accidents. They have a user-friendly “ratings” tool on their website to evaluate vehicles for crashworthiness (how well occupants are protected in a crash) and crash avoidance and mitigation (how well the vehicle can prevent an accident or lessen its severity). Vehicles are given one of four possible ratings (Poor, Marginal, Acceptable, or Good) across multiple categories.
  • National Highway Traffic Safety Administration—The group’s mission statement is: “Through enforcing vehicle performance standards and partnerships with state and local governments, NHTSA reduces deaths, injuries and economic losses from motor vehicle crashes.” They help accomplish this goal with an interactive “ratings” tool online. You can also use their “vehicle comparison” tool, which comes in handy when buying a new car. This tool could play a big role in helping you choose the best car for you when there’s a toss-up between particular makes and models.

Safety records of popular Hyundai models

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Hyundai Accent

The Hyundai Accent is the carmaker’s entry vehicle. The small car, categorized in some circles as a mini car, is also a little skimpy on safety. The most recent studies have rated the car with the worst possible safety ranking (“Poor”) when it comes to crashworthiness in driver- and passenger-side crashes. The vehicle also lacks any crash avoidance and mitigation system.

Roof strength and headrest/seat performance in crash tests got the top safety ratings, but overall the Accent is not the best car for severe accidents. Testing on the hatchback version of the Accent produced similar, mostly poor results.

Hyundai Elantra

What Hyundai failed to accomplish with the Accent it more than made up for with the Elantra. The carmaker’s small car earned the Top Safety Pick + award from the Insurance Institute for Highway Safety.  To qualify, a vehicle must earn the top safety ratings in five of six safety categories as well as an acceptable or good rating in one other safety category. It also must earn an advanced or superior rating for front crash prevention and a good headlight rating.

Two areas where the Elantra excelled were in front crash prevention and headlight safety. The Elantra received a “Superior” ranking for its front crash prevention system and the top rank for headlights, too. Child seat anchor use and passenger-side crashworthiness were the only two categories not receiving the highest mark, and in both those instances, the Elantra got the second-highest mark.

Hyundai Ioniq Hybrid

The Hyundai Ioniq is the Korean carmaker’s entry into the hybrid vehicle market, and in terms of safety, it has made an impressive splash. The Ioniq managed to earn the top rating for all six of the crashworthiness categories and its front crash prevention system was rated as “Superior.” Only the headlight system and child seat anchors (ease of use) received less than top ratings, but even in those cases, the systems garnered the second-best ranking.

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Hyundai Santa Fe

A midsize SUV with a super-sized safety record. That’s what the Insurance Institute for Highway Safety apparently thinks about Hyundai’s Santa Fe. It earned the organization’s Top Safety Pick + award and rightfully so.

Passenger-side crashworthiness and ease of use for child seat safety anchors received “Acceptable” rankings—the rating system’s second-best mark. But for all other categories of safety ratings, the Santa Fe earned top marks. It may not be the biggest SUV on the road, but it’s one of the safest.

Hyundai Tucson

Hyundai’s small SUV is just as big on safety as its midsize SUV. The Tucson is yet another Hyundai model earning the prestigious Top Safety Pick + award from the Insurance Institute for Highway Safety. Crashworthiness categories all came in with top marks and the front crash prevention system was rated as “Superior.”

The Tucson only missed the top mark for child seat anchor ease of use and the headlight system. On the straightaway, visibility was inadequate on both sides of the road when using the high beams, the report said.

The bottom line is that if you want all the safety of an SUV and all the fuel efficiency of a smaller car, Hyundai’s models are as strong an option as anything else.

Hyundai Sonata

It may be a midsize car, but its safety rating is supreme. The Sonata is yet another Hyundai model earning the Top Safety Pick + award, with one difference. It not only managed to earn top rankings in all crashworthiness categories, but it also earned top rankings in front crash prevention and headlight systems, too. It is the only Hyundai model with a top rating of its headlights.

The only less than stellar ranking is given to the Sonata was the ease of use for the child seat anchors. However, it’s important to note this safety rating is assessing convenience, not performance.

How can you save money on car insurance?

Insurance rates are based on formulas that try to assess risk and then place a price on that risk. That means you can optimize your personal data to get the best rate available to you. The savings can be nominal or significant, but any savings are welcomed in most American households. Here are some tips that you may not be thinking about that could help you cut your insurance costs.

It’s all in the form

Insurance prices will change based on a number of factors, like age and sex. You can’t do much about those, but you can do things that affect the other factors that make up the pricing formula:

  • Geography — We’re not suggesting you move just to reduce your insurance rates, but if you are careful about how and where you use your vehicle, savings could be the result. If your car is used for a basic work commute in the suburbs versus a long commute through dense big-city traffic, your rate could be affected. The bottom line is some roads are riskier than others.
  • Your past driving record — It’s no surprise that moving violations can impact insurance rates. If you’ve had a spotty driving history, see what you can do to improve your driving record. Is traffic school an option? Each state and insurance carrier uses slightly different formulas and policies, but a ticket can clear off your record in as little as two years. If you haven’t looked into a new provider within the last two years after a ticket, now is a good time.
  • Your coverage choice — The coverage you pick can determine the price you pay. Full coverage and GAP insurance will add a little to your monthly premium but will add way more protection. You can also be safe with liability, comprehensive, and collision insurance.
  • Make and Model — Vehicle value impacts insurance rates because replacing parts on a luxury car is far more expensive than replacing parts for a less-expensive commuter car. Think about jumping down from a large SUV to a midsize or small SUV when you’re trying to trim costs.
  • Take some credit — Using your credit history to set your insurance rates seems wrong to a lot of folks, especially ones who have less than stellar credit. But, it’s legal for now and studies have shown that people with better credit records tend to have fewer accidents. Is that true cause and effect? Perhaps not. Yet there’s an effect on your insurance rate, so pay off your credit cards or at the very least stay current on your credit card payments. Every point counts!

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Choose Wisely

When you research wisely you make choices more precisely. Make sure you compare price estimates from a variety of insurance companies. While most carriers have competitive rates, some carriers have a competitive advantage because they can bundle your auto insurance with other forms of insurance, such as homeowners insurance.

Finally, talk to your insurance agent about any other ways they can reduce your rates. For example, if you are insuring a new driver in your house, you may want to see if your provider will lower your rates whenever you add any sort of safety device, like Hum by Verizon which helps you track your car’s location and other driving data. These devices may also give you peace of mind.

Check into things like garage versus carport and carport versus street parking. Discounts can come from a myriad of factors. After all, the goal is to get all possible discounts to kick in. When in doubt, ask questions!

Ready to buy Hyundai insurance?

If you are looking into how to buy Hyundai insurance, then you obviously own or are planning to get one of these vehicles. It’s not a surprise because Hyundai’s have come to be known as reliable and affordable cars. Not only that but if you choose to own and drive a Hyundai, your auto insurance rates can likely be affordable if not downright cheap.

There are, however, some things to keep in mind to try to help you get even more affordable rates when it comes to how you buy Hyundai insurance. Whether you have been driving for years or are about to get your very first car insurance policy, there are certain things you should know. These things will help make sure you are informed about getting an insurance policy as well as saving money while doing so.

How to buy Hyundai insurance at discount rates?

There are so many easy ways to save on your car insurance. The problem is that because most people don’t realize this, they end up overspending when it comes to their premiums. So what are some tricks to getting cheap rates when you buy Hyundai auto insurance?

  • Get quotes – The best thing you can do is get quotes for your premium rates so you have rates to compare. This was once a challenging task to perform because it meant collecting all of the data yourself. This involved contacting each and every different insurance company, giving out tons of personal details, and then waiting for them to contact you back with premium information. It is no wonder so many drivers would settle for the first quote they got and never bother to check on competing rates when it was time for renewal.
  • Consider your car – If you are looking to buy Hyundai car insurance, then you are probably planning to drive a safe vehicle as opposed to making it ultra-sporty and going without safety features. If you have not yet bought your car, then make sure when you do you get one with extra safety features. The more the merrier and the better the savings you will see on your policy rates. The same holds true for anti-theft features such as car alarms.
  • Plan your payment – There are many ways how you pay can influence how much you pay when it comes to your Hyundai insurance coverage. For one thing, try to pay more on your payments but less often. In other words, a policy in which you pay annually, every six months, or at least quarterly will earn you savings compared to paying every month. If you are starting a new policy, you will probably need to have a down payment as well. While the insurance policy provider may offer to let you break this large payment into your monthly premiums, you should be aware of the fact that this usually means the total down payment will be more expensive. If you can, try to pay it upfront and be done with it. Finally, if you can go “paperless” with your billing, you can expect to see some savings. Set up your payment to be made by auto withdraw from your checking or savings account. Or you may want to set it up to be paid directly by your credit card instead of getting a monthly statement.
  • What’s your deductible? – Many drivers make the mistake when they buy Hyundai insurance of getting too high or too low a deductible. The higher the deductible the lower the monthly premiums; however, the less likely you will be able to cover that amount should the need arise. On the other hand, if you have too low a deductible, your rates for coverage will be too much to handle. Generally, working with something around $500 to $750 works the best. You can still have manageable monthly premiums but have a deductible you can afford too, in the event of an accident.

Remember being a responsible driver means having the right amount of insurance coverage. In fact, in every state but one you must have car insurance in order to be behind the wheel of a car legally. Making sure you have enough to meet the state minimum as well as cover your auto loan lender’s requirements are the two main points to consider. Anything above and beyond that is your choice to make. When you get quotes from multiple companies, you can find out how to save money while getting the best coverage and you can get those quotes by starting with just your zip code. Find out how to save when you buy Hyundai insurance.

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