Hyundai Car Insurance Cost for 2022

How much does Hyundai insurance cost? We break down average rates for all Hyundai models like the Ioniq, Kona and Santa Fe to see which have cheap car insurance rates.

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Hyundai is a South Korean auto maker that manufactures popular models like the Elantra, Santa Fe, Tucson, and Sonata.

Kia is its largest competitor in Korea, with Japanese manufacturers like Honda and Toyota setting the bar for performance and reliability.

How does car insurance for a Hyundai vehicle compare to other brands? We look at the average cost to insure a Hyundai, compare it to the competition, and run through both the cheapest and most expensive models to insure.

How much does Hyundai insurance cost?

The average cost to insure a 2022 Hyundai is $1,538 per year. Average rates range from $1,294 a year for a Hyundai Venue up to $1,744 per year for the Hyundai Nexo. This is equal to a monthly payment from $108 to $145 for full coverage.

Hyundai models that have insurance cost closer to the middle of the pack include the Hyundai Accent, Hyundai Veloster, and Hyundai Santa Fe. Average annual car insurance rates for those three models are $1,544, $1,556, and $1,590, respectively.

The table below shows average Hyundai auto insurance rates for all models back to the 2013 model year. Visit any linked model to view detailed rates by trim level and model year, along with segment comparisons.

Average Insurance Cost for Hyundai Vehicles
Model Annual Cost Monthly Cost
Hyundai Accent$1,544$129
Hyundai Azera (2017 and prior)$1,434$120
Hyundai Elantra$1,720$143
Hyundai Equus (2016 and prior)$1,730$144
Hyundai Genesis (2016 and prior)$1,636$136
Hyundai Ioniq$1,636$136
Hyundai Ioniq 5$1,514$126
Hyundai Kona$1,318$110
Hyundai Nexo$1,744$145
Hyundai Palisade$1,462$122
Hyundai Santa Cruz$1,464$122
Hyundai Santa Fe$1,590$133
Hyundai Sonata$1,736$145
Hyundai Tucson$1,416$118
Hyundai Tucson FCV (2015 and prior)$1,418$118
Hyundai Veloster$1,556$130
Hyundai Venue$1,294$108

Is Hyundai car insurance expensive?

With an average cost of $1,538 per year, Hyundai car insurance is 1.9% less than the U.S. national average car insurance cost of $1,567.

When compared to the top Asian competitors, Hyundai insurance costs on average $74 more per year than Honda, $14 less than Toyota, $83 less than Nissan, and $16 more per year than Kia.

The chart below shows average car insurance cost for Hyundai vehicles compared to the top competitors. Hyundai rates are shown as the first orange bar, while the competitor brands are shown alphabetically in blue.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average car insurance rates include all Hyundai, Chevrolet, Ford, Honda, Kia, Mazda, Nissan, Subaru, and Toyota vehicles for the 2022 model year. Rated driver is a 40-year-old married male with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on June 24, 2022
Hyundai Car Insurance Cost vs. Top Competitors

As shown by the chart above, average Hyundai rates tend to be slightly more expensive that its top competitors.

The next table shows a more complete comparison, by comparing Hyundai insurance cost to many more automotive brands. The average Hyundai cost is shown in the first row, with the alphabetical listing of other manufactures below it.

The difference column in the table shows how each competitor compares to the Hyundai rate. If the value is red, that particular brand is more expensive on average than Hyundai. If the value is green, that brand is cheaper on average.

Hyundai Car Insurance Cost vs. Popular Automotive Brands
Automotive Brand Insurance Cost Difference
Hyundai$1,538--
Acura$1,772$234
Audi$2,089$551
BMW$2,115$577
Cadillac$1,664$126
Chevrolet$1,549$11
Dodge$2,025$487
Ford$1,548$10
Genesis$1,841$303
GMC$1,649$111
Honda$1,464-$74
Infiniti$1,938$400
Jaguar$1,975$437
Jeep$1,683$145
Kia$1,522-$16
Lexus$1,826$288
Lincoln$1,720$182
Mazda$1,409-$129
Mercedes-Benz$2,127$589
Mitsubishi$1,625$87
Nissan$1,621$83
Subaru$1,463-$75
Tesla$1,976$438
Toyota$1,552$14
Volkswagen$1,491-$47
Volvo$1,667$129

Get Rates in Your AreaWhy is this important?

Table Data Details: Average car insurance cost for each automotive brand assumes a clean driving record and no at-fault accidents for a 40-year-old driver. Rates are averaged for all 2022 models for each manufacturer and for all U.S. states. The difference column indicates the cost difference between each brand and the average cost of Hyundai insurance. Green indicates the brand is cheaper to insure on average than Hyundai and red indicates the brand costs more to insure on average than Hyundai.Data last updated on June 24, 2022
Hyundai Car Insurance Cost vs. Popular Automotive Brands

When these additional brands are compared to Hyundai, it changes the picture a little as there are many more brands with more expensive insurance rates than Hyundai.

It would be expected that Hyundai insurance is cheaper than most luxury brands like Lexus, BMW, and Mercedes-Benz, simply due to the higher sticker prices for those models.

Hyundai insurance cost compares favorably overall, with rates being slightly higher than many import competitors, but not excessively more expensive.

What is the cheapest Hyundai car insurance?

With MSRP ranging from $18,900 to $22,150, the Hyundai Venue (small SUV) is the cheapest Hyundai model to insure at an average of $1,294 per year.

The Hyundai Kona (MSRP from $21,150 to $42,500) ranks second for cheapest car insurance rates at $1,318 per year.

Completing the top five cheapest Hyundai vehicles to insure are the Hyundai Tucson, Hyundai Palisade, and Hyundai Santa Cruz. Average yearly and monthly rates are shown below for all five models.

Top five cheapest Hyundai car insurance rates

  1. Hyundai Venue – (small SUV) $1,294 per year or $108 per month
  2. Hyundai Kona – (small SUV) $1,318 per year or $110 per month
  3. Hyundai Tucson – (small SUV) $1,416 per year or $118 per month
  4. Hyundai Palisade – (midsize SUV) $1,462 per year or $122 per month
  5. Hyundai Santa Cruz – (midsize truck) $1,464 per year or $122 per month

Which Hyundai models are most expensive to insure?

With a MSRP ranging from $58,935 to $62,385, the Hyundai Nexo (small SUV) is the most expensive Hyundai model to insure at an average of $1,744 per year.

The Hyundai Sonata (MSRP from $24,350 to $34,750) ranks second for most expensive average Hyundai car insurance rates at $1,736 per year.

Top five most expensive Hyundai car insurance rates

  1. Hyundai Nexo – (small SUV) $1,744 per year or $145 per month
  2. Hyundai Sonata – (midsize car) $1,736 per year or $145 per month
  3. Hyundai Elantra – (small car) $1,720 per year or $143 per month
  4. Hyundai Ioniq – (small car) $1,636 per year or $136 per month
  5. Hyundai Santa Fe – (midsize SUV) $1,590 per year or $133 per month