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 2024 Hyundai is $1,861 per year. Average rates range from $1,540 a year for a Hyundai Venue up to $2,094 per year for the Hyundai Nexo. This is equal to a monthly payment from $128 to $175 for full coverage.
Hyundai models that have insurance cost closer to the middle of the pack include the Hyundai Santa Cruz, Hyundai Sonata, and Hyundai Santa Fe. Average annual car insurance rates for those three models are $1,914, $1,924, and $1,930, 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 Premium | Cost Per Month |
|---|---|---|
| Hyundai Accent 2022 and prior model years | $1,752 | $146 |
| Hyundai Azera 2017 and prior model years | $1,546 | $129 |
| Hyundai Elantra | $2,062 | $172 |
| Hyundai Equus 2016 and prior model years | $1,826 | $152 |
| Hyundai Genesis 2016 and prior model years | $1,726 | $144 |
| Hyundai Ioniq 2022 and prior model years | $1,856 | $155 |
| Hyundai Ioniq 5 | $1,864 | $155 |
| Hyundai Ioniq 6 | $1,744 | $145 |
| Hyundai Kona | $1,706 | $142 |
| Hyundai Nexo | $2,094 | $175 |
| Hyundai Palisade | $1,932 | $161 |
| Hyundai Santa Cruz | $1,914 | $160 |
| Hyundai Santa Fe | $1,930 | $161 |
| Hyundai Sonata | $1,924 | $160 |
| Hyundai Tucson | $1,764 | $147 |
| Hyundai Tucson FCV 2015 and prior model years | $1,468 | $122 |
| Hyundai Veloster 2022 and prior model years | $1,780 | $148 |
| Hyundai Venue | $1,540 | $128 |
Is Hyundai car insurance expensive?
With an average cost of $1,861 per year, Hyundai car insurance is 1.2% less than the U.S. national average car insurance cost of $1,883.
When compared to the top Asian competitors, Hyundai insurance costs on average $141 more per year than Honda, $84 less than Toyota, $101 less than Nissan, and $32 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 | $1,861 | -- |
| Acura | $1,783 | -$78 |
| Audi | $2,449 | $588 |
| BMW | $2,487 | $626 |
| Cadillac | $2,039 | $178 |
| Chevrolet | $1,917 | $56 |
| Dodge | $2,359 | $498 |
| Ford | $1,978 | $117 |
| Genesis | $2,267 | $406 |
| GMC | $1,973 | $112 |
| Honda | $1,720 | -$141 |
| Infiniti | $1,990 | $129 |
| Jaguar | $2,337 | $476 |
| Jeep | $2,072 | $211 |
| Kia | $1,829 | -$32 |
| Lexus | $2,106 | $245 |
| Lincoln | $2,095 | $234 |
| Mazda | $1,814 | -$47 |
| Mercedes-Benz | $2,743 | $882 |
| Mitsubishi | $1,842 | -$19 |
| Nissan | $1,962 | $101 |
| Subaru | $1,809 | -$52 |
| Tesla | $2,301 | $440 |
| Toyota | $1,945 | $84 |
| Volkswagen | $1,771 | -$90 |
| Volvo | $2,122 | $261 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Insurance cost is averaged for all models for the 2024 model year for each automobile manufacturer. Updated February 22, 2024
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 $21,800 to $19,800, the Hyundai Venue (small SUV) is the cheapest Hyundai model to insure at an average of $1,540 per year.
The Hyundai Kona (MSRP from $24,100 to $41,550) ranks second for cheapest car insurance rates at $1,706 per year.
Completing the top five cheapest Hyundai vehicles to insure are the Hyundai Ioniq 6, Hyundai Tucson, and Hyundai Ioniq 5. Average yearly and monthly rates are shown below for all five models.
Top five cheapest Hyundai car insurance rates
- Hyundai Venue – (small SUV) $1,540 per year or $128 per month
- Hyundai Kona – (small SUV) $1,706 per year or $142 per month
- Hyundai Ioniq 6 – (midsize car) $1,744 per year or $145 per month
- Hyundai Tucson – (small SUV) $1,764 per year or $147 per month
- Hyundai Ioniq 5 – (small SUV) $1,864 per year or $155 per month
Which Hyundai models are most expensive to insure?
With a MSRP ranging from $62,000 to $65,000, the Hyundai Nexo (small SUV) is the most expensive Hyundai model to insure at an average of $2,094 per year.
The Hyundai Elantra (MSRP from $32,900 to $24,550) ranks second for most expensive average Hyundai car insurance rates at $2,062 per year.
Top five most expensive Hyundai car insurance rates
- Hyundai Nexo – (small SUV) $2,094 per year or $175 per month
- Hyundai Elantra – (small car) $2,062 per year or $172 per month
- Hyundai Palisade – (midsize SUV) $1,932 per year or $161 per month
- Hyundai Santa Fe – (midsize SUV) $1,930 per year or $161 per month
- Hyundai Sonata – (midsize car) $1,924 per year or $160 per month