The Best Auto Insurance for Hyundai

State Farm earns its place as the most popular insurer in the U.S. due to its low rates, financial solidity, and customer satisfaction. It’s a great choice for any Hyundai model.

Affordable Rates for Your Hyundai

The average cost of full coverage for a Hyundai vehicle with State Farm is about $1,350 each year, or a little over $110 monthly, which makes it one of the cheapest options available. You can also save money on premiums by taking advantage of the discounts available with State Farm:

• Bundling: Reduce your premiums by shopping for all your insurance needs with State Farm — whether it’s renters insurance, homeowners insurance, life insurance, or another product.
• Drive Safe & Save: When you track your driving habits with the State Farm app, you can save up to 30 percent on premiums, plus an initial discount at sign-up.
• Defensive driver course: Get a discount when you complete an approved course on defensive driving.
• Good driver/accident-free: If you’re free of moving violations and at-fault accidents for at least three years in a row, you’ll earn a discount. Your savings may increase the longer you go without a violation or accident.
• Multiple vehicles: If your household owns an additional vehicle, whether it’s a Hyundai or another make, add it to your existing policy and save.
• Safe vehicle: Hyundai vehicles are known for their safety features, which can also lower your auto insurance bills.

Coverage for Electric Vehicles

Like many auto manufacturers, Hyundai offers several models of electric vehicles. The following models are fully electric:

• Ioniq 5
• Ioniq Electric
• Kona Electric

Hyundai also makes the following plug-in hybrids:

• Ioniq Plug-in Hybrid
• Santa Fe Plug-in Hybrid
• Tucson Plug-in Hybrid²

One of the benefits of a State Farm policy is that it can cover an at-home charging station as part of your comprehensive and collision coverages. Sometimes other providers require you to purchase homeowners insurance before you can insure the station.

If you hold a homeowner’s policy with State Farm, installing an at-home charging station will not affect your policy. Additionally, State Farm’s emergency roadside coverage includes towing to the nearest charging location if your vehicle ever runs out of battery, and some service providers might even have a portable electric car charger to get you moving again.³

Rideshare Options

With strong fuel efficiency and safety ratings, Hyundai vehicles are often a good choice for rideshare drivers.

If you work for Uber, Lyft, or another rideshare service, it’s wise to purchase rideshare coverage. Rideshare companies must offer some insurance coverage, but often it’s not enough. State Farm’s rideshare coverage extends the protections of your personal policy to the times when you’re driving for rideshare services. Unlike some competitors, State Farm’s coverage extends through all three rideshare periods, not just the first period while you’re waiting to match with a customer.

If your household has a young driver behind the wheel of your Hyundai, Allstate is a good choice. Its discounts can reduce your premiums, while its roadside service coverage offers peace of mind that your loved ones are protected on the road.

Ways for Young Drivers to Save

Hyundai vehicles are a practical choice for families with young drivers. In fact, in its roundup of the safest vehicles for teenage drivers, the Insurance Institute for Highway Safety named several Hyundai models:

• Hyundai Kona
• Hyundai Genesis
• Hyundai Santa Fe
• Hyundai Tucson
• Hyundai Palisade⁴

After safety, the next concern for many families is cost. If you’re looking for ways to save on car insurance for a young driver, Allstate is unique in offering several paths toward earning its student discount. Notably, it does not require the driver to be a full-time student to receive the 20 percent savings.

To apply, young drivers must be less than 25 years old and unmarried, and fulfill one of the following criteria:

1. Complete the TeenSMART driver education program.
2. Go to school at least 100 miles away from home, or wherever the car is garaged.
3. Attend school full-time and hold a GPA of at least 2.7 (a B-minus average).

Roadside Offerings

For families with younger and less experienced drivers, roadside assistance can offer invaluable peace of mind. Allstate offers three roadside assistance plans, as well as a pay-per-use option.

Mexico Car Insurance

If you’re planning a trip to Mexico in your Hyundai, it’s important to adhere to Mexico’s insurance requirements. Allstate partners with insurance providers in Mexico to provide the needed additional coverage.

When you purchase Mexico tourist insurance, you can get the following coverages, provided you hold similar coverages on your separate domestic policy:

• Bodily injury and property damage liability (up to $500,000)
• Physical damage and theft (similar to comprehensive and collision)
• Medical payments
• Legal assistance if you’re involved in an accident
• Loan/lease payoff for a totaled new Hyundai
• Roadside assistance
• Medical evacuation

You can purchase these coverages whether you drive your own Hyundai, or rent another car in the U.S. and drive it into Mexico.

USAA offers financial services, including auto insurance, to military members and their families. It’s known for competitive rates and holds an A++ financial strength rating from AM Best, meaning you can count on the company to pay for claims.

Competitive Auto Insurance Rates

The exact cost of insuring a Hyundai with USAA depends on the model, year, location, and other factors — but in general, USAA offers low rates. This provider offers the lowest rates to insure a Hyundai Elantra, at around $1,050 annually. That’s $240 less than the next cheapest provider’s rate.

In addition, USAA offers the following discounts:

Better Car Replacement Coverage

A recent survey found that for over a decade, Hyundai customers have been the most loyal among automakers.⁶ In the event of a total loss, if you want to stick with your Hyundai and give it an upgrade (or buy a vehicle of another make), USAA has you covered. When you purchase car replacement assistance coverage, USAA will give you an extra 20 percent of the actual cash value of the car. To purchase this coverage, you must also carry collision and comprehensive, and cannot lease your vehicle.

Emergency Roadside Services

If your Hyundai breaks down, USAA offers the following emergency roadside services:

• Towing (up to 50 miles)
• Winching for a stuck vehicle
• Jump-starting
• Fuel delivery (cost of fuel not included)
• Lockout assistance
• Flat tire change (spare required)

Services are free if you purchase roadside assistance coverage. However, even if you don’t hold coverage, USAA offers services at negotiated rates, which it claims are usually lower than what you pay by contacting the service provider directly. In addition to the United States, USAA offers roadside services in Mexico (within 75 miles of the border), Canada, and in the base country where the policy is issued for deployed members.

Liberty Mutual partners with Hyundai to offer discounted insurance rates for Hyundai owners. The special offering includes several additional coverages, which makes it a good choice for customers who want a policy beyond the minimum requirements.

Hyundai Power Protect

Liberty Mutual and Hyundai offer a special insurance package called Hyundai Power Protect. Liberty Mutual claims that Hyundai owners can save around $650 when they switch to this plan from other providers.⁷ The plan offers full coverage, along with the following benefits:

• Better car replacement: If your Hyundai is totaled, Liberty Mutual will pay for you to upgrade to a vehicle that is one model year newer.
• Roadside assistance: Liberty Mutual offers 24-hour roadside assistance if your Hyundai breaks down.
• Replacement parts: If your Hyundai is damaged, Liberty Mutual will pay for the original manufacturer parts.
• Accident forgiveness: Your premiums will not increase after your first at-fault accident.

Discount Options

While Liberty Mutual isn’t known for offering the absolute cheapest rates, it offers an array of discounts that can lower your bill. You can earn discounts for the following:

• Being an active or retired military member, or on reserve duty
• Owning a home or condo
• Getting a quote before your current policy expires
• Attending school full-time with a B average or higher
• Attending school away from home and only driving occasionally
• Being claims- and violation-free
• Tracking your driving with the RightTrack app (up to 30 percent savings)
• Bundling multiple policies
• Insuring multiple vehicles
• Enrolling in automatic payments or paying for your policy in one or two payments
• Completing your auto insurance purchase online (up to 12 percent savings)
• Going paperless

Lowering Your Deductible Over Time

Hyundais are known for their affordability. If you bought your Hyundai with your budget in mind, consider opting into Liberty Mutual’s deductible fund. That way, if you need to file a claim, you’ll have less to pay before your coverage kicks in. Here’s how it works:

1. You pay an extra $30 in premiums each year, or $2.50 monthly, toward the fund.
2. Liberty Mutual contributes $70 to the fund annually.
3. Each year, your deductible reduces by $100. For example, let’s say you have a $500 deductible. After the first year in the program, your deductible lowers to $400. After two years it lowers to $300, and so on.
4. If you need to file a claim, you pay a lower deductible, and the fund resets.

If you have an SR-22, poor credit, or another designation that makes finding insurance difficult, consider Acceptance for your Hyundai.

Insurance for High-Risk Individuals

If you fall into any of the following categories, you may buying auto insurance for your Hyundai difficult:

• You have a history of DUI convictions, at-fault accidents, or traffic violations.
• You have low credit (a score of under 600).
• You park your car in an area with high rates of theft or vandalism.
• You have a limited driving history (including teen or new drivers).
• You don’t have an insurance record, or your record shows late payments or a violation of insurance terms.

Providers can turn you away if they feel you represent too high of a risk to insure. Acceptance specializes in nonstandard insurance, meaning it takes on drivers with high-risk designations. Additionally, as with many insurers, if you need an SR-22, Acceptance will file it for you. It offers all of the standard coverages:

• Bodily injury and property damage liability
• Personal injury protection and medical payments
• Uninsured or underinsured motorist
• Collision and comprehensive
• Roadside assistance
• Rental reimbursement

Unique Roadside Coverage Package

A Hyundai Veloster can reach 60 mph in fewer than five seconds, with a top speed of 155 mph. While its performance is impressive, it doesn’t always bode well for speeding tickets.⁸ If you’re concerned about the cost of tickets on your budget (whether for speeding or another violation), consider purchasing Acceptance’s roadside coverage.

Most insurance providers offer roadside assistance and rental reimbursement coverages, but typically, you’ll have to buy them separately. Acceptance is unique in that it offers a combined roadside and rental offering — plus an uncommon ticket reimbursement perk.

Acceptance’s roadside assistance is available in the U.S., Canada, and Puerto Rico.

Other Insurance Options

With roomy interiors and raised suspensions for a smooth ride, the Hyundai Kona and Tucson make great cars for dog owners. In addition to auto coverage, Acceptance sells pet insurance. It includes the following plans:

• Accident only
• Accident and illness
• Wellness and preventative care
• Add-ons for physical therapy, acupuncture, cancer treatment, etc.

In addition to pet insurance, Acceptance also offers the following policies and subscriptions:

• Commercial
• Homeowners and renters
• Hospital indemnity
• Life
• Motorcycle
• Outdoor vehicle
• Telemedicine
• Travel