Hyundai Car Insurance Cost & Quotes Comparison

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Things to Know About Insuring Hyundai Vehicles

Summary

  • The world’s fourth-largest automaker since buying fellow South Korean manufacturer, Kia
  • Hyundai ranks second in Korean conglomerates behind electronics maker Samsung
  • The company’s Elantra and Accent rate among the cheapest cars to insure in Canada
  • Hyundai models rate average to below average for occupant safety
  • Most models score well in collision repair costs, coming in under average nationally

You can save money on the already low cost of insuring Hyundai vehicles. Use the car insurance calculator here at Ratelab to scan the best prices our car insurance industry partners have to offer. With just a few short minutes entering data, your auto insurance needs a place with over 40 car insurance partners for personalized estimates. Ratelab returns up to 10 of the best matches at the lowest costs. The difference could be hundreds less than what you’re paying now. Enter your postal code to get started now.

How Much Does Car Insurance Cost For Hyundai

The table below shows Hyundai car insurance cost for a sample driver.

CityAverage Hyundai Car Insurance Cost*
Longueuil$384
Quebec City$404
Montreal$533
Laval$563
Gatineau$567
Ottawa$906
Kitchener$956
Halifax$1,007
Calgary$1,029
London$1,073
Edmonton$1,125
Windsor$1,191
Hamilton$1,240
Toronto$1,273
Richmond Hill$1,292
Markham$1,292
Mississauga$1,459
Brampton$1,630
Vaughan$1,907

Methodology: We surveyed Hyundai car insurance prices in select Canadian cities for the purpose of illustrating the average quotes for a male driver aged 35 years in city downtown with owned Hyundai ACCENT GL 4DR 2015 model car.

Please note that car insurance prices depend on many factors including your age, location, driving history and more. So, to get a customized quote, enter your postal code above.

Hyundai Model Factors that Lower Auto Insurance Costs

accident repair

Except for two models, the Hyundai lineup shows lower costs to repair after accidents than the national average, according to the Insurance Bureau of Canada and its most recent compilation of insurance claims information. Low repair costs lead to low insurance costs, since, with a trend of good performance, insurance companies recognize that those car models create less risk of big payouts. Any time a factor reduces risk associated with a particular car, insurance rates go down.

Comprehensive insurance covers loss associated with non-collision risks, such as theft, fire, extreme weather and vandalism. Only the luxury Genesis model scores worse than average for comprehensive claims settlements. For the most part, Hyundai models perform above average to repair after an incident covered by comprehensive endorsements.

Accident benefits represent insurance payments for personal injuries sustained by the driver or occupants of a vehicle. Fewer claims suggest that a particular model protects occupants better than another vehicle with higher claims. Hyundai models, with a few exceptions, place in the average range for occupant protection, compared with all vehicles in Canada. The Santa Fe, Veloster and Veracruz models perform above average in some model years. Good performance in this category reflects in lower cost insurance.

Hyundai Model Factors that Increase Auto Insurance Costs

Hyundai Veloster and Genesis models have higher than average costs for after accident repairs, countering the trend of other Hyundai models. These models carry higher costs to insure, due to this performance. The Genesis represents Hyundai’s luxury model, so it’s logical that repairs cost more. The Veloster, on the other hand, is a sporty compact model, available currently with Turbo and Rally editions. The model’s performance tendencies might invite driving habits contributing to more severe collision damage. Whatever the reason, owners of these models should brace for higher than average insurance costs.

Also bucking Hyundai’s good performance trends are the Accent, Elantra and Sonata for occupant protection. Each model has years where accident benefits performance rated worse than average in national numbers. That drives insurance prices up, as companies perceive the models as risky. When looking at comprehensive insurance claims, only the Genesis costs more than national averages, adding to its burden as an expensive Hyundai to insure.

Otherwise, the Hyundai line remains economical and affordable when it comes to buying car insurance. Several current model lines have more and less expensive models, when considering the cost of auto policies. For example, the Genesis has a sedan version with four doors and a two door coupe. While the base price of the coupe is lower, its sporty styling and less conservative appeal add to insurance premiums.

Hyundai’s Tucson and Santa Fe crossovers remain popular as a minivan alternative to young families. This vehicle class typically retains low insurance rates for vehicle factors, while attracting drivers who see some of the most affordable rates of their driving histories.

Known Issues with Hyundai Vehicles

Vehicles worldwide had defective airbags manufactured by Takata. Recalls for these date from 2014 on, and Hyundai vehicles make the list of affected vehicles, as do many car makers. Car and Driver magazine provides information on all aspects of the recall in a recent article.

  • Just over 2,500 2015 Hyundai Accents have a problem with the occupant detection system in the front passenger seat, when used with child restraint seats.
  • Hyundai Sonata and Azera models from 2006 to 2011 have a corrosion issue that may affect rear wheel alignment.
  • Elantra and Sonata models from 2011 have potential suspension problems in cold weather areas.
  • Elantra sedans and hatchbacks from 2008 to 2010 have a steering issue that led to a recall.
  • Over a million 2011 to 2013 Hyundai vehicles across models have a potential rollaway risk, as well as faulty brake lights.
  • 2015 Genesis models have a gear display issue that may incorrectly display forward and reverse transmission positions.
  • 2009 to 2012 Hyundai Genesis sedans required a brake fluid replacement under recall.
  • 2015 and 2016 Sonata sedans have issues with the anti-lock brake warning light.
  • Over 80,000 2016 Hyundai Tucson SUVs have a hood latch problem.
  • Manual transmission Velosters from 2012 have a parking brake issue, leading to vehicle rollaway.
  • Hyundai Veracruz models between 2007 and 2012 may be subject to oil leaks at the front cylinder valve cover.

Tips for Finding the Lowest Hyundai Car Insurance Rates

When you’re looking at a car company that has good overall insurability, there might be a tendency to get complacent about the cost of insurance. Yet, in Ontario, all insurance companies can set their own prices, as long as they receive approval from the Financial Services Commission of Ontario. The FSCO doesn’t hold down prices, so shopping around provides a wide range of costs on essentially the same auto policy.

When you’re choosing between Hyundai models or even if you’re renewing insurance on the Hyundai you already own, take a look at the car insurance calculator here at Ratelab. With just a few short minutes, you can produce up to 10 low cost insurance estimates that match your car’s needs.

Enter your postal code in the space at the top of the page to start. Once your car insurance data shops with dozens of Ratelab’s industry partners, the best quotes are emailed to you. Pick the insurance company that you prefer, at the rate you want and make your final deal. Potential savings could add up to hundreds off your current auto insurance coverage.

Hyundai In Depth

Hyundai is a multi-national conglomerate, founded in 1947 and headquartered in South Korea. Today, the Hyundai Motor Company is no longer a tethered business giant. The Hyundai group went through major break-ups that divided the company’s subsidiaries into stand-alone companies after the economic crisis of 1998.

The Hyundai Motor Company is one of the best-selling car brands in the world and offers a wide range of models to choose from.

Popular Hyundai Models

Veloster, Sonata, Accent, Elantra, Genesis, Equus, Santa Fe XL, Tucson, Santa Fe Sport

Hyundai is one of the most popular car manufacturers in Canada. The Elantra and Accent are particularly popular. The Hyundai Elantra is the second most popular car in Canada, just behind the Honda Civic. In the same list, the Hyundai Accent ranked seventh place.

The popularity of Hyundai vehicles is due to a combination of affordability, good post-purchase customer service, and an attractive design. As a plus to an already excellent car, the Hyundai Accent is the cheapest car to insurance in Kitchener, Ontario. In a list of the top ten cheapest cars to insure in Canada, the Hyundai Elantra ranks fifth place.

All Models

Hyundai Accent
Hyundai Azera
Hyundai Elantra
Hyundai Elantra Touring
Hyundai Entourage
Hyundai Equus
Hyundai Genesis
Hyundai Genesis Coupe
Hyundai Santa Fe
Hyundai Sonata
Hyundai Sonata Hybrid
Hyundai Tiburon
Hyundai Tucson
Hyundai Veloster
Hyundai Veracruz

Safety Ratings of Hyundai Vehicles

All modern Hyundai cars enjoy high safety scores. They auto manufacturer has been awarded NHTSA 5-star overall rating and IIHS Top Safety Pick.

Replacement Costs of Hyundai’s Parts

The South Korean manufacturer has developed an extensive network of dealers and parts throughout Canada. Parts are readily available and are lower in price than competitors in their respective segments.

Hyundai’s Damage Susceptibility

Most tests done in safety and overall quality control placed the Hyundai models as slightly above average in terms of reliability. They tend to be more reliable than European or American competitors, but not as reliable as the Japanese ones.

Likelihood of Theft

Hyundai cars are very common today but are rarely featured on most-stolen lists, so they are considered safe cars to own. The Canadian models come with transponder keys and engine immobilizers as standard.

References

  1. Hyundai Canada
  2. Financial Services Commission of Ontario
  3. Insurance Bureau of Canada: How Cars Measure Up
  4. com: Hyundai Recalls
  5. Car and Driver: Massive Takata Airbag Recall – Everything You Need to Know, Including Full List of Affected Vehicles

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