Hyundai Car Insurance: Rates by Model
The average price to insure a newer Hyundai is $280 per month for a full coverage policy.
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However, insurance rates vary based on the year and model of your car and insurance company you pick.
For instance, the average cost of full coverage insurance for a Hyundai Venue is $73 per month cheaper than for a Nexo.
Farm Bureau offers the cheapest insurance for Hyundais at $98 per month for full coverage, on average.
How much is insurance for my Hyundai?
Hyundai auto insurance cost by model
The Venue, a compact SUV, is the cheapest Hyundai to insure.
A full coverage policy for a Venue costs around $249 per month. The Nexo and Ioniq, two of Hyundai's electric SUVs, are the most expensive Hyundais to insure. Full coverage for Nexo costs around $323 per month, while Ioniq costs $319 per month.
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The make and model of your car are only part of how insurance companies set your rates. They also include your age, driving history, where you live and the coverage limits you choose. You should compare quotes from multiple insurance companies to find the best policy for you.
Hyundai car insurance rates by company
Farm Bureau offers the cheapest full coverage insurance for Hyundai drivers, at $98 per month, on average.
That's around one-third of the average cost to insure a Hyundai.
The most expensive company, Allstate, charges $486 per month for the same policy. That's five times the cost of a policy with Farm Bureau.
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Full coverage Hyundai insurance rates by company
Company | Monthly rate | ||
|---|---|---|---|
| Farm Bureau | $98 | |
| State Farm | $151 | |
| Progressive | $210 | |
| Geico | $239 | |
| Nationwide | $430 | |
*USAA is only available to military members, veterans and their families.
How can I find Hyundai insurance?
If you have trouble finding a new policy for your Hyundai, try getting a quote from AAA. Hyundai has partnered with AAA to offer policies to Hyundai owners who can't get coverage from other insurance companies.
Many insurance companies like State Farm and Progressive won't insure certain Hyundais. This is because there has been a rise in car thefts among certain Hyundai models. Thieves inspired by popular TikTok videos discovered older Hyundai models are easier to steal because they don't have features like push-button start or immobilizer devices.
Hyundai Accent insurance cost
The average cost to insure a Hyundai Accent subcompact is $280 per month for a full coverage policy, which is the same as the average cost of coverage for Hyundais overall. Hyundai stopped producing the Accent in 2022 to focus on SUVs and electric vehicles.
Average cost of Accent insurance:
$280/mo
Cheapest rate for Accent:
Farm Bureau: $98/mo
Full coverage Accent rates
Year | Monthly rate |
|---|---|
| 2022 | $283 |
| 2021 | $286 |
| 2020 | $270 |
Hyundai stopped making the Accent in 2022.
Farm Bureau offers the cheapest full coverage insurance for a Hyundai Accent at $98 per month. That's $182 per month less than the average cost to insure an Accent.
Hyundai Elantra insurance cost
Full coverage car insurance for a Hyundai Elantra sedan costs $304 per month, on average. That's $24 more per month than the average cost of Hyundai car insurance.
Average cost of Elantra insurance:
$304/mo
Cheapest rate for Elantra:
Farm Bureau: $99/mo
Farm Bureau has the cheapest Hyundai Elantra auto insurance. At around $99 per month, full coverage from Farm Bureau is one-third the average price of insurance for an Elantra.
Why are Hyundai Elantras so expensive to insure?
Hyundai Elantras can be expensive to insure because some models are very easy to steal, making them a target for car thieves. This includes Elantras with turn-key ignition systems built between 2011 and 2022.
If your Hyundai Elantra has a push-to-start ignition or was built in 2023 or later, your insurance rates may be more reasonable.
Hyundai Ioniq insurance rates
The average cost to insure a Hyundai Ioniq is $319 per month for full coverage. That makes the electric crossover SUV one of the most expensive Hyundai models to insure. The Ioniq is also one of Hyundai's most expensive models to buy, with a starting MSRP of $41,800.
Average cost of Ioniq insurance:
$319/mo
Cheapest rate for Ioniq:
Farm Bureau: $107/mo
Farm Bureau offers the most affordable rates for Hyundai Ioniq drivers, at around $107 per month for full coverage. Allstate has the highest rates at $585 per month.
The Ioniq is Hyundai's second-most expensive car to insure. That's in part because the Ioniq is an electric vehicle.
Insurance for electric and hybrid cars is generally around 20% more expensive than coverage for a car with a traditional engine. That's because the technology onboard an electric vehicle raises repair costs, making claims more expensive for insurance companies.
Hyundai Kona insurance cost
The Kona crossover SUV is the second-cheapest Hyundai to insure, at around $261 per month for full coverage insurance. That's $19 less per month than the Hyundai average.
Average cost of Kona insurance:
$261/mo
Cheapest rate for Kona:
Farm Bureau: $90/mo
Farm Bureau has the cheapest insurance rates for the Hyundai Kona. A full coverage policy from Farm Bureau costs $90 per month. That's $171 per month cheaper than the average cost of Kona insurance.
Hyundai Nexo insurance cost
The Nexo is the most expensive Hyundai to insure. At $323 per month for full coverage, Nexo insurance costs $43 per month more than the Hyundai average.
Farm Bureau offers the most affordable Hyundai Nexo insurance rates, at $110 per month for a full coverage policy. That's $213 per month cheaper than the average price to insure a Nexo. It's also $653 per month less than the most expensive company, Allstate, which charges $763 per month.
Average cost of Nexo insurance:
$323/mo
Cheapest rate for Nexo:
Farm Bureau: $110/mo
The Nexo, a hydrogen-powered SUV, is one of the most expensive Hyundais to buy, with a starting price of $60,135. Its high insurance rates are also because of the expensive technology used for the hydrogen fuel cell. These pricey parts can lead to an expensive repair bill for the insurance company if you're in an accident.
Hyundai Palisade insurance cost
Full coverage insurance for the Palisade, Hyundai's largest SUV, costs an average of $281 per month. That's only $1 per month more than the overall Hyundai average.
Average cost of Palisade insurance:
$281/mo
Cheapest rate for Palisade:
Farm Bureau: $105/mo
Farm Bureau offers the best rates for Hyundai Palisade drivers. A full coverage policy costs $105 per month, which is $176 per month cheaper than average. Allstate is the most expensive company for Palisade insurance, at $508 per month for full coverage.
Hyundai Santa Fe insurance cost
The average cost to insure a Hyundai Santa Fe is $272 per month for a full coverage policy. That's $13 per month less than the rate for a Palisade, Hyundai's other full-size SUV.
Average cost of Santa Fe insurance:
$272/mo
Cheapest rate for Santa Fe:
Farm Bureau: $98/mo
Farm Bureau has the cheapest insurance rates for Hyundai Santa Fe owners, at just $98 per month. That's $173 per month less than the Santa Fe average.
Hyundai Sonata insurance cost
The Sonata is Hyundai's most expensive sedan to insure. Full coverage insurance for a Hyundai Sonata costs an average of $306 per month. That's $57 per month more expensive than insurance for a Venue, Hyundai's cheapest model to insure.
Average cost of Sonata insurance:
$306/mo
Cheapest rate for Sonata:
Farm Bureau: $106/mo
Farm Bureau has the best rates for most Sonata drivers. A full coverage policy costs $106 per month from Farm Bureau. Farmers is the most expensive company for Sonata insurance, at $583 per month for the same coverage.
Hyundai Tucson insurance cost
Insurance for a Hyundai Tucson costs an average of $262 per month. That makes it the third-cheapest Hyundai to insure.
Average cost of Tucson insurance:
$262/mo
Cheapest rate for Tucson:
Farm Bureau: $95/mo
Farm Bureau offers the cheapest rates for Hyundai Tucson drivers. A full coverage policy from Farm Bureau costs $95 per month. Allstate has the most expensive rates for Tucson owners, at $493 per month.
Hyundai Venue insurance cost
The Venue is Hyundai's cheapest vehicle to insure, at $294 per month for a full coverage policy. The smaller SUV is also the most affordable Hyundai to buy, with a starting price of $19,900.
Average cost of Venue insurance:
$249/mo
Cheapest rate for Venue:
Farm Bureau: $89/mo
Hyundai Venue drivers will find the best rates at Farm Bureau, where a full coverage policy costs just $89 per year. That's $160 per month less than the average cost to insure a Venue.
Frequently asked questions
What company offers the best insurance for Hyundai cars?
Farm Bureau has the best insurance for most Hyundai owners. It offers the cheapest Hyundai insurance rates, at an average of $98 per month for full coverage. Farm Bureau also has excellent customer service reviews.
Why are Hyundais so expensive to insure?
Hyundais can be very expensive to insure because some models are very easy to steal. Thieves target models built before 2023 with a turn-key ignition because they can be hot-wired using only a USB cord. The high theft rates on these vehicles makes them very expensive for insurance companies to cover.
What is the cheapest Hyundai to insure?
The Venue, a compact SUV and the most affordable Hyundai you can buy, is the cheapest Hyundai to insure. A full coverage policy costs $249 per month, on average.
Which insurance companies won't insure a Hyundai?
Some companies, including State Farm and Progressive, won't insure certain Hyundai models built before 2023. Thieves target some Hyundais because they're easier to steal than other models. Recently, Hyundai partnered with AAA to help Hyundai owners get insurance if you can't find coverage elsewhere.
Methodology
To find the average cost of insurance for a Hyundai, ValuePenguin gathered thousands of quotes across every ZIP code in Texas from eight top insurance companies. Rates are for a 30-year-old man with a good credit score and a clean driving record with a base model Hyundai.
Quotes are for a full coverage policy with the following limits:
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $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 insurance company 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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Rates by model: