Ford Explorer or Hyundai Santa Fe Insurance: Which Costs Less?

• When insurance for 2024 models is compared, a Ford Explorer costs less to insure than a Hyundai Santa Fe by an average of $258 per year.
• Out of 34 models in the 2024 midsize SUV category, the Ford Explorer ranks eighth and the Hyundai Santa Fe ranks 21^st for overall insurance affordability.
• For the 2024 model year Ford Explorer, car insurance rates cost from $1,856 to $2,262 per year, while the insurance price for the 2024 Hyundai Santa Fe ranges from $2,142 to $2,530, depending on the trim level being insured.
• The Ford Explorer XLT 2WD and the Hyundai Santa Fe SE are the trim levels that are cheapest to insure for each model in our comparison.

Is a Ford Explorer or Hyundai Santa Fe cheaper to insure?

Car insurance rates for a 2024 Ford Explorer cost an average of $2,124 per year, and insurance for a Hyundai Santa Fe averages $2,382 per year, making the Ford Explorer the cheaper option by $258 per year.

Out of 13 trims for the 2024 Ford Explorer, the cheapest average insurance prices are on the XLT 2WD model at a cost of $1,856 per year, or around $155 per month. For the 10 trim levels available for the Hyundai Santa Fe, the cheapest 2024 model to insure is the SE trim at a cost of $2,142 per year, or around $179 per month.

When insurance rates for all 23 trims of both models are combined and sorted by cost, the cheapest model and trim level is the Ford Explorer XLT 2WD at an average of $1,856 per year, and the most expensive vehicle to insure is the Hyundai Santa Fe Plug-in Hybrid Limited at an average cost of $2,530 per year.

The table shown below compares and ranks the annual and monthly cost of car insurance for 2024 Ford Explorer and Hyundai Santa Fe models, showing average premium cost for each trim level.

The next chart demonstrates the average cost to insure both models with different ages of drivers. For a 2024 Ford Explorer, insurance cost ranges from $1,882 to $4,290 per year for the age groups used in this illustration. A 2024 Hyundai Santa Fe costs from $2,104 to $4,824 to insure per year.

The next two tables illustrate trim level insurance rates for each 2024 model, including the average rate for each model. The cheapest model to insure for the 2024 model year is the Ford Explorer.

2023 Ford Explorer vs. Hyundai Santa Fe

Car insurance on a 2023 Ford Explorer costs an average of $1,950 per year, and insurance for a 2023 Hyundai Santa Fe averages $2,336 per year, making the Ford Explorer the model with lower average car insurance rates.

For a 2023 Ford Explorer, the most affordable trim levels to insure are the XLT 2WD, XLT 4WD, and ST-Line 2WD. The most affordable Hyundai Santa Fe trim levels to insure are the SE, SEL, and XRT.

From a cost-per-month standpoint, average insurance rates for all 2023 Ford Explorer and Hyundai Santa Fe trim levels cost from $147 to $206 per month.

The rate table below compares and ranks the annual and monthly car insurance costs for 2023 Ford Explorer and Hyundai Santa Fe models, showing the average cost to insure every trim level.

The following chart displays the average insurance cost for both models rated for drivers aged 20 to 50. For a 2023 Ford Explorer, average car insurance prices range from $1,718 to $3,872 per year for the sample drivers in the chart. Full-coverage insurance on a 2023 Hyundai Santa Fe costs from $2,068 to $4,722 on average per year.

Out of 17 Ford Explorer trim levels, the lowest-cost 2023 trim to insure is the XLT 2WD model at an average cost of $1,768 per year, or about $147 per month.

For the 10 trim and option levels available for the Hyundai Santa Fe, the lowest-cost 2023 trim level to insure is the SE trim at a cost of $2,118 per year, or about $177 per month.

When all 27 trims of both models are combined and compared, the lowest-cost model and trim level to put coverage on is the Ford Explorer XLT 2WD at a cost of $1,768 per year, and the most expensive vehicle to insure is the Hyundai Santa Fe Plug-in Hybrid Limited costing an average of $2,472 per year.

The next two rate tables detail the average cost to insure each trim level for a 2023 Ford Explorer and Hyundai Santa Fe, including an overall average rate. The cheapest of the two models to insure for the 2023 model year is the Ford Explorer.

2022 Ford Explorer vs. Hyundai Santa Fe

A 2022 Ford Explorer costs $220 less per year to insure per year on average than a 2022 Hyundai Santa Fe, a difference of 10.4%.

The chart shown below visualizes the average insurance cost for both 2022 models with different ages of drivers. The average full-coverage insurance policy ranges from $1,776 to $4,020 per year for the 2022 Ford Explorer, and $1,978 to $4,508 for the 2022 Hyundai Santa Fe for the different drivers illustrated in the chart.

Out of 15 trims for a 2022 Ford Explorer, the cheapest insurance rates are on the XLT 2WD model at a cost of $1,850 per year, or about $154 per month. For the 10 different trim levels available for the Hyundai Santa Fe, the lowest-cost 2022 trim level to insure is the SE trim at a cost of $2,070 per year, or about $173 per month.

When rates are compared for the 25 option levels of both 2022 models, the lowest-cost model and trim to buy insurance for is the Ford Explorer XLT 2WD at an average of $1,850 per year, and the most expensive model and trim level is the Hyundai Santa Fe Plug-in Hybrid Limited costing $2,372 per year.

The rate tables below show the average cost to insure each trim level for a 2022 Ford Explorer and Hyundai Santa Fe, plus the average rate for each model. The model with the cheapest car insurance rates for 2022 is the Ford Explorer.

2021 Ford Explorer vs. Hyundai Santa Fe

When comparing average insurance rates for the 2021 Ford Explorer and Hyundai Santa Fe models, the Ford Explorer is cheaper to insure by $152 per year for 2021.

The next chart illustrates the average cost to insure both models for four different driver age groups. The average full-coverage insurance policy ranges from $1,824 to $4,132 per year on a 2021 Ford Explorer, and $1,966 to $4,474 on the 2021 Hyundai Santa Fe for the driver examples in the chart.

Out of 13 trim levels for the 2021 Ford Explorer, the lowest-cost average car insurance prices are on the 2WD trim at a cost of $1,808 per year, or around $151 per month. For the 14 option levels available for the Hyundai Santa Fe, the cheapest 2021 trim level to insure is the SE 2WD model at a cost of $2,064 per year, or about $172 per month.

When all 27 trims of both models are combined and compared, the cheapest vehicle to insure is the Ford Explorer 2WD at a cost of $1,808 per year, and the highest-cost model and trim is the Hyundai Santa Fe SEL 2.0 Plus Premium AWD at a cost of $2,320 per year.

The next two tables illustrate trim level insurance cost averages for both 2021 models, as well as an average rate for each model. The model with the cheapest average car insurance rates for 2021 is the Ford Explorer.

2020 Ford Explorer vs. Hyundai Santa Fe

For the 2020 Ford Explorer and Hyundai Santa Fe models, the Ford Explorer has cheaper car insurance cost by $190 per year.

The chart shown below shows the average insurance cost for the two models rated for different driver ages. The average cost of full-coverage insurance ranges from $1,740 to $3,930 per year for a 2020 Ford Explorer, and $1,912 to $4,348 on the 2020 Hyundai Santa Fe for the sample drivers in the chart.

For the nine trims available for the 2020 Ford Explorer, the cheapest model to insure is the 2WD model at an average cost of $1,768 per year.

For the 14 trim levels available for a Hyundai Santa Fe, the lowest-cost 2020 model to insure is the SE 2WD trim at a cost of $2,006 per year, or about $167 per month.

When comparing rates by trim level for both models, the lowest-cost model and trim level to put coverage on is the Ford Explorer 2WD at an average of $1,768 per year. The most expensive model and trim level is the Hyundai Santa Fe SEL 2.0 Plus Premium AWD at a cost of $2,254 per year.

The rate tables below break down the expected annual car insurance cost by trim level for both 2020 models, as well as the overall average rate for each model.

2019 Ford Explorer vs. Hyundai Santa Fe

For 2019 Ford Explorer and Hyundai Santa Fe models, the Ford Explorer has cheaper car insurance rates by $132 per year.

The following chart illustrates the average car insurance cost for both models using drivers aged 20 to 50. The average car insurance cost ranges from $1,672 to $3,802 per year for the 2019 Ford Explorer, and $1,796 to $4,088 for a 2019 Hyundai Santa Fe for the different drivers illustrated in the chart.

Out of eight trims for a 2019 Ford Explorer, the cheapest insurance prices are on the 2WD trim at a cost of $1,744 per year.

For the 20 trim and option levels available for the Hyundai Santa Fe, the most affordable 2019 trim level to insure is the XL SE 2WD model at a cost of $1,804 per year, or around $150 per month.

When comparing rates by trim level for both models, the cheapest vehicle to put coverage on is the Ford Explorer 2WD at an average of $1,744 per year. The highest-cost model and trim level is the Hyundai Santa Fe Ultimate AWD at an average cost of $2,186 per year.

The next tables break down average car insurance rates for each trim level, plus the average rate for each model. The 2019 Ford Explorer is the winner over the 2019 Hyundai Santa Fe for the cheapest average car insurance rates.

2018 Ford Explorer vs. Hyundai Santa Fe

When comparing insurance rates for 2018 models, a Ford Explorer costs an average of $1,786 per year to insure while a Hyundai Santa Fe costs $2,050, making the Ford Explorer more affordable to insure by $264 per year.

The rate chart below displays the average insurance cost for both 2018 models for the 20, 30, 40, and 50-year-old driver age groups. The average cost of car insurance ranges from $1,588 to $3,594 per year on a 2018 Ford Explorer, and $1,830 to $4,156 on the 2018 Hyundai Santa Fe for the included age groups.

Out of nine trims for a 2018 Ford Explorer, the most affordable insurance rates are on the 2WD model at a cost of $1,668 per year, or $139 per month. The 2018 Hyundai Santa Fe has 12 trim options available, with the lowest-cost model to insure being the Sport 2WD model at an average cost of $1,928 per year, or $161 per month.

When comparing rates by trim level for both models, the lowest-cost model and trim level to insure is the Ford Explorer 2WD at a cost of $1,668 per year. The most expensive trim is the Hyundai Santa Fe SE Ultimate AWD at an average cost of $2,150 per year.

The tables below break down average car insurance cost by trim level for each 2018 model, plus the average rate for each model. The model with the cheapest car insurance rates for 2018 is the Ford Explorer.

2017 Ford Explorer vs. Hyundai Santa Fe

A 2017 Ford Explorer costs $202 less per year to insure per year on average than a 2017 Hyundai Santa Fe, a difference of 11.1%.

The chart shown below displays the average car insurance cost for both models with different driver age groups. The average cost of full-coverage insurance ranges from $1,524 to $3,444 per year on a 2017 Ford Explorer, and $1,712 to $3,880 for the 2017 Hyundai Santa Fe for the five different driver ages shown in the chart.

Out of nine Ford Explorer trim levels, the most affordable 2017 model to insure is the 2WD trim at an average cost of $1,610 per year, or around $134 per month.

The 2017 Hyundai Santa Fe has 12 trims available, with the cheapest model to insure being the Sport 2WD trim at an average cost of $1,758 per year, or around $147 per month.

When comparing both models combined at a trim-level basis, the lowest-cost model and trim to insure is the Ford Explorer 2WD at an average cost of $1,610 per year, and the most expensive vehicle to insure is the Hyundai Santa Fe Sport 2.0T Ultimate 2WD costing $2,022 per year.

The next tables illustrate average car insurance rates for each trim level, including an overall average cost for each model. The model with the cheapest overall car insurance cost for 2017 is the Ford Explorer.

2016 Ford Explorer vs. Hyundai Santa Fe

A 2016 Hyundai Santa Fe is $80 cheaper to insure per year on average than a 2016 Ford Explorer, a difference of 4.6%.

The next chart shows the average insurance cost for the two models rated for different driver ages. The average cost of car insurance ranges from $1,580 to $3,584 per year for a 2016 Ford Explorer, and $1,512 to $3,416 for the 2016 Hyundai Santa Fe for the five driver age examples in the chart.

The 2016 Ford Explorer has nine trims available, and the most affordable model to insure is the 2WD model at an average cost of $1,686 per year, or around $141 per month. For the 17 trim levels available for a Hyundai Santa Fe, the most affordable 2016 trim level to insure is the Sport 2WD trim at a cost of $1,558 per year, or about $130 per month.

When looking at the combined rates by trim level for both models, the cheapest model and trim level to put coverage on is the Hyundai Santa Fe Sport 2WD at a cost of $1,558 per year, and the most expensive vehicle to insure is the Ford Explorer Platinum 4WD costing $1,928 per year.

The tables shown below illustrate trim level insurance cost averages for both 2016 models, plus the average rate for each model. The winner for the 2016 car insurance comparison is the Hyundai Santa Fe.

2015 Ford Explorer vs. Hyundai Santa Fe

When comparing insurance rates for 2015 models, the Ford Explorer costs $1,594 per year to insure and the Hyundai Santa Fe costs $1,606, making the Ford Explorer the winner by $12.

The chart shown below shows the average cost to insure the two models using a range of rated driver ages. For the 2015 Ford Explorer, insurance cost ranges from $1,428 to $3,206 per year for the age groups in the chart. A full-coverage policy for a 2015 Hyundai Santa Fe ranges from $1,438 to $3,256 on average per year.

Out of eight trim levels for a 2015 Ford Explorer, the most affordable car insurance rates are on the 2WD trim at a cost of $1,544 per year.

The 2015 Hyundai Santa Fe has 15 trim options available, with the cheapest trim to insure being the Sport 2WD model at an average cost of $1,470 per year, or $123 per month.

When average car insurance prices for all 23 trim levels for the 2015 model year of both models are compared, the cheapest model and trim level to insure is the Hyundai Santa Fe Sport 2WD at a cost of $1,470 per year, and the most expensive model and trim level is the Hyundai Santa Fe Sport 2.0T Tech 4WD at a cost of $1,738 per year.

The rate tables below show the average insurance cost by trim level for both 2015 models, plus an average rate for each model. The 2015 Ford Explorer has cheaper overall car insurance rates than the 2015 Hyundai Santa Fe.

Additional Ford Explorer and Hyundai Santa Fe Resources

• Ford Explorer Insurance Cost
• Hyundai Santa Fe Insurance Cost
• Midsize SUV Insurance Cost Comparisons