Hyundai Car Insurance: Rates by Model

Hyundai Car Insurance: Rates by Model

Find Cheap Hyundai Insurance Quotes

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The average price to insure a Hyundai vehicle is $1,993 per year for a full-coverage policy, based on an analysis of 10 models produced over the last five years. However, insurance rates vary based on the model and insurer.

For instance, the average cost of full-coverage insurance for a Hyundai Tucson SE is $606 per year cheaper than for a Venue SE. Farm Bureau offers the cheapest insurance for Hyundais at $1,295 per year for full-coverage, while Nationwide is the most expensive at $2,856 — a difference of $1,561 per year.

Compare Hyundai insurance costs by model and insurance company:


Hyundai insurance cost by model

The Tucson SE, a compact SUV, is the cheapest Hyundai to insure — a full-coverage policy costs $1,717 per year, on average. On the other hand, the Venue SE is the most expensive Hyundai to insure, at $2,323 per year, on average.

Cost to insure a Hyundai by model
Currently insured?
Rank
Model
Monthly cost
Annual cost
1Tucson$143$1,717
2Kona $147$1,766
3Santa Fe$152$1,827
4Accent$156$1,872
5Elantra$166$1,987
-Average$153$1,834
6Veloster$167$2,007
7Sonata$173$2,071
8Palisade$175$2,097
9Ioniq $188$2,259
10Venue$194$2,323

Rates are based on SE trim levels for all models except for the Veloster, which was quoted at the N trim level.

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Insurance rates are based on a number of factors beyond the make and model of your car, including your age, driving history, where you live and the coverage limits you choose. We recommend comparing quotes from multiple insurance companies to find the best policy for you.


Hyundai insurance rates by company

Farm Bureau offers the cheapest full-coverage insurance for Hyundai drivers — $1,295 per year, on average. The most expensive insurer, Nationwide, charges $2,856 per year for the same policy. That's double the cost of a policy with Farm Bureau. While Hyundai insurance rates vary based on the model you drive, the insurance company that you choose has a greater impact on the rate you pay.

Graph showing the average cost of Hyundai insurance by company
Currently insured?
Company
Average monthly premium
Average annual premium
Farm Bureau Insurance$108$1,295
State Farm$111$1,331
USAA$143$1,713
Geico$154$1,853
Allstate$173$2,072
Progressive$238$2,853
Nationwide$238$2,856

Quotes are based on a full-coverage policy for a 30-year-old man with a clean driving record who lives in Texas.

Are Hyundais expensive to insure?

Hyundai models are generally not expensive to insure. A 30-year-old driver can expect to pay an average of $1,993 per year for full-coverage insurance on a Hyundai. That's $159 per year cheaper than the cost for a Honda.

One reason for Hyundai's affordable insurance rates is its low theft rate. None of the models appear on the National Insurance Crime Bureau's top 10 stolen vehicles list.

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Hyundai Accent insurance cost

The average cost to insure a Hyundai Accent SE is $1,872 per year for a 30-year-old man. Insurance costs significantly more for teenage drivers — $5,870 per year.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$2,008$6,269
2020$1,951$6,148
2019$1,889$5,942
2018$1,772$5,530
2017$1,743$5,463
Average$1,872$5,870

Quotes are based on the SE trim level.

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The price of insurance for the Hyundai Accent is $121 per year cheaper than the average cost of coverage for Hyundais overall. Although the Accent is the least expensive Hyundai model to purchase, full-coverage insurance costs 9% more per year than the Tucson, which is the cheapest model to insure.

Among the insurers included in our study, State Farm offers the cheapest full-coverage insurance for a Hyundai Accent — $1,183 per year, on average, for a 30-year-old man. Young drivers should consider Farm Bureau, which has the most affordable rates for an 18-year-old, at $2,183 per year.


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Hyundai Elantra insurance rates

Full-coverage car insurance for a Hyundai Elantra costs $1,987 per year for a 30-year-old driver, on average. Teen drivers pay more than three times as much for the same policy — $6,204 per year.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$2,122$6,587
2020$2,052$6,388
2019$1,980$6,163
2018$1,909$5,983
2017$1,872$5,900
Average$1,987$6,204

Quotes are based on the SE trim level.

Compare Rates

Insurance costs for the Elantra are on par with Hyundai's overall average, however rates vary significantly by insurer. Farm Bureau has the cheapest full-coverage policy for both 30-year-old drivers ($1,313 per year) and 18-year-old drivers ($2,170 per year). On the other hand, the most expensive insurance comes from Progressive, where a policy costs $3,142 and $13,782, respectively.


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Hyundai Ioniq insurance rates

The average cost to insure a Hyundai Ioniq for a 30-year-old is $2,259 per year for full coverage, making it one of the most expensive Hyundai models to insure. However, rates for the Ioniq vary significantly by model year — the difference between insuring a 2017 model and a 2021 model is $497 per year.

A driver's age also plays a large role in the cost of insurance for a Hyundai Ioniq. The average rate for an 18-year-old driver is about three times more expensive than a 30-year-old driver pays for the same policy.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$2,390$7,274
2020$3,080$11,042
2019$1,991$6,190
2018$1,943$6,078
2017$1,893$5,961
Average$2,259$7,309

Quotes are based on the SE trim level.

Compare Rates

Farm Bureau offers the most affordable rates for Hyundai Ioniq drivers, regardless of age. A 30-year-old driver can expect to pay $1,294 for a full-coverage policy, while an 18-year-old pays $2,137, on average. Nationwide has the highest rates — young drivers pay $16,585 per year, more than seven times the cost of a policy with Farm Bureau.

Although it's Hyundai's most compact model, the Ioniq is the company's second-most expensive car to insure. That's in part because the Ioniq is only available as a hybrid, plug-in hybrid or electric vehicle.

Insurance for electric and hybrid cars is generally 23% more expensive than a car with a traditional engine because the technology onboard an electric vehicle raises repair costs, making claims more expensive for insurers.

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Hyundai Kona insurance rates

The Kona is the second-cheapest Hyundai to insure. A 30-year-old driver can expect to pay $1,766 per year for full-coverage insurance, and the average rate for an 18-year-old is $5,446. While insurance rates are usually the cheapest for older model years, a five-year-old Kona is actually more expensive to insure than a brand-new model.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$1,765$5,437
2020$1,716$5,272
2019$1,705$5,258
2018$1,604$4,951
2017$2,042$6,311
Average$1,766$5,446

Quotes are based on the SE trim level.

Compare Rates

State Farm has the cheapest insurance rates for the Hyundai Kona — a 30-year-old driver can expect to pay $1,162 per year. Alternatively, teen drivers can find the most affordable rates with Farm Bureau, where a full-coverage policy costs $2,072 per year.


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Hyundai Palisade insurance cost

The Palisade is Hyundai's largest SUV, and its third-most-expensive model to insure. Full-coverage car insurance for the Hyundai Palisade costs an average of $2,097 per year for a 30-year-old driver, which is $104 more than the overall Hyundai average. An 18-year-old can expect to pay three times as much to insure a Hyundai Palisade — $6,163 per year.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$1,917$5,480
2020$2,009$6,036
2019$2,219$6,478
2018$2,169$6,391
2017$2,171$6,431
Average$2,097$6,163

Quotes are based on the SE trim level.

Compare Rates

Farm Bureau offers the most competitive rates for Hyundai Palisade drivers. A full-coverage policy costs $1,309 per year for a 30-year-old driver and $2,152 for an 18-year-old. Nationwide and Progressive are the most expensive insurers for this model.


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Hyundai Santa Fe insurance cost

The average cost for a 30-year-old driver to insure a Hyundai Santa Fe is $1,827 per year, or $152 per month, for a full-coverage policy. That's $110 per year more than the rate for a Tucson, Hyundai's cheapest model to insure.

Teenage drivers can expect to pay nearly triple that price — the average annual cost to insure a Hyundai Santa Fe is $5,421 per year for an 18-year-old.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$1,907$5,627
2020$1,821$5,393
2019$1,783$5,268
2018$1,834$5,476
2017$1,789$5,344
Average$1,827$5,421

Quotes are based on the SE trim level.

Compare Rates

State Farm has the best insurance rates for Hyundai Santa Fe owners. A 30-year-old driver pays $1,229 per year for full coverage, on average. The most expensive insurer is Progressive — the company charges $2,562 per year, which is twice as much as State Farm. Teenage drivers can find the best rates from Farm Bureau, where a full-coverage policy costs $2,179 per year.


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Hyundai Sonata insurance cost

The Sonata is Hyundai's most expensive sedan to insure. On average, the cost to insure a Hyundai Sonata is $2,071 per year for a 30-year-old, which is $199 more than insurance for an Accent, Hyundai's cheapest sedan. An 18-year-old driver can expect to pay $6,451 per year.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$2,226$6,920
2020$2,130$6,633
2019$2,060$6,400
2018$2,024$6,324
2017$1,913$5,978
Average$2,071$6,451

Quotes are based on the SE trim level.

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Hyundai Tucson insurance rates

The cost of a full-coverage insurance policy for a Hyundai Tucson is $1,717 per year, on average, for a 30-year-old driver, making it the cheapest Hyundai to insure. The Tucson is also the cheapest model to insure for 18-year-old drivers, who can expect to pay $5,255 per year for full-coverage insurance.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$1,785$5,460
2020$1,759$5,378
2019$1,722$5,249
2018$1,672$5,133
2017$1,648$5,052
Average$1,717$5,255

Quotes are based on the SE trim level.

Compare Rates

State Farm offers the cheapest rates for 30-year-old Hyundai Tucson drivers — a full-coverage policy costs $1,150 per year. Farm Bureau has the most affordable insurance for 18-year-olds driving a Tucson, followed by USAA and Geico.


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Hyundai Veloster insurance cost

Insurance rates for the Veloster are in line with the overall Hyundai average with a full-coverage policy costing $2,007 per year for a 30-year-old driver. Rates are significantly higher for young drivers to insure a Hyundai Veloster — the average annual rate is $6,155, three times more expensive.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$2,269$6,908
2020$2,270$6,869
2019$2,211$6,675
2018$1,667$5,133
2017$1,617$4,990
Average$2,007$6,115

Quotes are based on the N trim level.

Compare Rates

Most Hyundai Veloster drivers should consider State Farm when comparing insurance quotes. The company has the lowest rates for full-coverage insurance, at $1,306 for a 30-year-old driver. Rates for younger drivers are significantly more expensive with State Farm, where an 18-year-old driver pays $2,514 more for the same policy. Teenage drivers should consider Farm Bureau for the most affordable rates — a policy costs $2,199 per year.


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Hyundai Venue insurance price

The Hyundai Venue is the company's most affordable SUV to purchase, but the most expensive vehicle to insure. The average cost for a full-coverage policy is $2,323 per year for a 30-year-old driver — that's $330 more expensive than the overall average for Hyundai models, and $606 more than Hyundai's cheapest model to insure, the Tucson.

Year
Annual cost for a 30-year-old
Annual cost for an 18-year-old
2021$2,703$9,694
2020$2,751$10,072
2019$2,137$6,516
2018$2,022$6,189
2017$2,003$6,201
Average$2,323$7,734

Quotes are based on the SE trim level.

Compare Rates

Hyundai Venue drivers will find the best rates with Farm Bureau. A full-coverage policy for a 30-year-old driver costs $1,074 per year, which is over $1,000 cheaper than the average cost. An 18-year-old driver can expect to pay $1,797 — nearly $4,000 cheaper than average..


Methodology

To calculate the average cost of insurance for a Hyundai, we gathered thousands of quotes for two sample drivers living in Texas: a 30-year-old man and an 18-year-old man with clean driving records and average credit scores. Rates are based on a full-coverage policy with the following limits:

Coverage
Limits
Bodily injury liability$50,000 per person/$100,000 per accident
Property damage$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

This analysis used insurance quote data from Quadrant Information Services. The quotes referenced were publicly sourced from insurer filings and should only be used for comparison purposes. Actual rates for your Hyundai model may differ.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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$1,993 per year
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$3,348 per year
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