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 2023 Hyundai is $1,722 per year. Average rates range from $1,440 a year for a Hyundai Venue up to $1,966 per year for the Hyundai Sonata. This is equal to a monthly payment from $120 to $164 for full coverage.
Hyundai models that have insurance cost closer to the middle of the pack include the Hyundai Santa Cruz, Hyundai Ioniq 5, and Hyundai Santa Fe. Average annual car insurance rates for those three models are $1,640, $1,764, and $1,810, 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.
| Model | Annual Cost | Monthly Cost |
|---|---|---|
| Hyundai Accent 2022 and prior model years | $1,686 | $141 |
| Hyundai Azera 2017 and prior model years | $1,538 | $128 |
| Hyundai Elantra | $1,928 | $161 |
| Hyundai Equus 2016 and prior model years | $1,858 | $155 |
| Hyundai Genesis 2016 and prior model years | $1,762 | $147 |
| Hyundai Ioniq 2022 and prior model years | $1,774 | $148 |
| Hyundai Ioniq 5 | $1,764 | $147 |
| Hyundai Kona | $1,480 | $123 |
| Hyundai Nexo | $1,938 | $162 |
| Hyundai Palisade | $1,638 | $137 |
| Hyundai Santa Cruz | $1,640 | $137 |
| Hyundai Santa Fe | $1,810 | $151 |
| Hyundai Sonata | $1,966 | $164 |
| Hyundai Tucson | $1,614 | $135 |
| Hyundai Tucson FCV 2015 and prior model years | $1,500 | $125 |
| Hyundai Veloster 2022 and prior model years | $1,690 | $141 |
| Hyundai Venue | $1,440 | $120 |
Is Hyundai car insurance expensive?
With an average cost of $1,722 per year, Hyundai car insurance is 2.2% more than the U.S. national average car insurance cost of $1,685.
When compared to the top Asian competitors, Hyundai insurance costs on average $110 more per year than Honda, $61 less than Toyota, $7 less than Nissan, and $10 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.
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.
| Automotive Brand | Insurance Cost | Difference |
|---|---|---|
| Hyundai | $1,722 | -- |
| Acura | $1,980 | $258 |
| Audi | $2,273 | $551 |
| BMW | $2,368 | $646 |
| Cadillac | $1,861 | $139 |
| Chevrolet | $1,751 | $29 |
| Dodge | $2,273 | $551 |
| Ford | $1,778 | $56 |
| Genesis | $2,048 | $326 |
| GMC | $1,831 | $109 |
| Honda | $1,612 | -$110 |
| Infiniti | $2,126 | $404 |
| Jaguar | $2,116 | $394 |
| Jeep | $1,912 | $190 |
| Kia | $1,712 | -$10 |
| Lexus | $2,012 | $290 |
| Lincoln | $1,926 | $204 |
| Mazda | $1,596 | -$126 |
| Mercedes-Benz | $2,416 | $694 |
| Mitsubishi | $1,785 | $63 |
| Nissan | $1,729 | $7 |
| Subaru | $1,619 | -$103 |
| Tesla | $2,166 | $444 |
| Toyota | $1,783 | $61 |
| Volkswagen | $1,646 | -$76 |
| Volvo | $1,879 | $157 |
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 $19,500 to $22,750, the Hyundai Venue (small SUV) is the cheapest Hyundai model to insure at an average of $1,440 per year.
The Hyundai Kona (MSRP from $21,990 to $41,550) ranks second for cheapest car insurance rates at $1,480 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
- Hyundai Venue – (small SUV) $1,440 per year or $120 per month
- Hyundai Kona – (small SUV) $1,480 per year or $123 per month
- Hyundai Tucson – (small SUV) $1,614 per year or $135 per month
- Hyundai Palisade – (midsize SUV) $1,638 per year or $137 per month
- Hyundai Santa Cruz – (midsize truck) $1,640 per year or $137 per month
Which Hyundai models are most expensive to insure?
With a MSRP ranging from $24,950 to $35,700, the Hyundai Sonata (midsize car) is the most expensive Hyundai model to insure at an average of $1,966 per year.
The Hyundai Nexo (MSRP from $59,435 to $62,885) ranks second for most expensive average Hyundai car insurance rates at $1,938 per year.
Top five most expensive Hyundai car insurance rates
- Hyundai Sonata – (midsize car) $1,966 per year or $164 per month
- Hyundai Nexo – (small SUV) $1,938 per year or $162 per month
- Hyundai Elantra – (small car) $1,928 per year or $161 per month
- Hyundai Santa Fe – (midsize SUV) $1,810 per year or $151 per month
- Hyundai Ioniq 5 – (small SUV) $1,764 per year or $147 per month
