Affordable Hyundai Auto Insurance Quotes (2023)

Like all drivers, Hyundai drivers have many things to consider when purchasing auto insurance. Common coverage options include liability, uninsured motorist, personal injury protection, comprehensive, collision, and gap insurance, but what a driver decides to purchase is mostly their choice. Since Hyundais are fairly cheap to insure, with the most expensive coverage averaging $155 for a Hyundai Sonata Hybrid, the coverage type may be more of a concern than cost. 

Here’s more on auto insurance for Hyundais. 

Understanding the Different Types of Coverage for Hyundais

Auto insurance exists to protect drivers and their vehicles and is required in most states. When purchasing auto insurance, most drivers choose between liability, comprehensive, collision, uninsured motorist, personal injury protection, and gap insurance. Most insurance companies offer each of these coverages in addition to various optional coverages. 

• Liability Insurance: Liability insurance, which is required by almost all states, covers bodily injury and property damage expenses for other drivers and passengers involved in an accident you caused, up to a certain limit. 
• Comprehensive Insurance: Comprehensive insurance covers damage to your vehicle resulting from non-collision events, including extreme weather, theft, vandalism, fire, and hitting an animal. Lenders and dealerships may require drivers to purchase this coverage for leased or financed vehicles. There are key differences between comprehensive and collision coverage, which is detailed below.
• Collision Insurance: Covers property damage after a vehicle has collided with another vehicle or object. Similar to comprehensive insurance, lenders and dealerships may require drivers to purchase collision insurance for leased or financed vehicles.   
• Uninsured Motorist: Some drivers have no insurance, or their coverage limit doesn’t cover the full cost of bodily injury or property damage. Uninsured/underinsured motorist insurance, which is required in select states, covers bodily injury and/or property damage expenses when the at-fault driver is uninsured or underinsured. 
• Personal Injury Protection (PIP): Depending on the state, it is required to cover both the driver and their passengers’ medical expenses, lost wages, replacement services, and funeral expenses, regardless of who is at fault for an accident. 
• Gap Insurance: Pays the difference between the totaled vehicle’s value and the remaining loan or lease balance. For example, if your Hyundai Elantra is worth $9,000, and the remaining loan balance is $12,500, if your vehicle is totaled, gap insurance covers the $3,500 difference. 

Two considerations to keep in mind when choosing your insurance coverage are coverage limits and deductibles. 

In states where liability insurance is mandated, drivers are expected to have a certain amount of coverage. Regardless of states, the coverage limits are displayed as three different numbers. If you see 25/50/20, this means your liability insurance will cover $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident, and $20,000 property damage liability.

Comprehensive collision and sometimes personal injury protection carry a deductible. An auto insurance deductible is the amount of the cost of repairs the policyholder is asked to pay before insurance steps in. For example, if your chosen deductible is $750 and an accident caused $1,500 in property damage, your insurance company pays the remaining balance of the repair bill, which would be $750.  However, the auto insurance company will pay out the value of the vehicle, minus the deductible, for totaled vehicles.

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How to Compare Rates and Coverage Options for Hyundais

If you’ve purchased auto insurance before, then you know rates vary. The vehicle make, model, and year are important factors that impact rates, but insurance companies consider more than that. While the insurance company reviews certain information to determine rates, drivers have to review a few things as well, specifically rates and coverage options. 

Popular Hyundai models are Hyundai Veloster, Hyundai Tucson, Hyundai Sonata Hybrid, Hyundai Sonata, Hyundai Santa Fe, Hyundai Elantra, Hyundai Azera, and Hyundai Accent. 

In addition to what model of Hyundai you drive, insurance companies will also have varying rates based on the amount of coverage you choose. Below is a table comparing a full coverage policy to one that only has minimum coverage.

Whether you choose a full coverage auto insurance policy or just the state-required minimum amount of coverage will depend on what you need. Here are a few questions to ask to help you find the best auto insurance for your Hyundai. 

• Does the auto insurance company offer the state minimum required insurance? 
• What optional coverages are available?
• Does the cost of the auto insurance policy fit into your budget? 
• Are you getting the coverage you want for a good price? 
• Does the auto insurance company offer common auto insurance discounts? 
• Are there discounts unique to the auto insurance company? 

Here are a few common discounts offered by auto insurance companies:

• Paperless: Policyholders can save by receiving auto insurance documents online instead of through the mail.
• Good student: Policyholders can save by having high school and college drivers with good grades on their policies. 
• Multi-policy: Policyholders can save by purchasing more than one insurance policy, such as home and auto. 
• Multi-car: Policyholders can save by purchasing insurance for two or more vehicles.
• Auto pay:  Policyholders can save by having their premium payments deducted from their payment account automatically. 
• Paid-in-full: Policyholders can save by paying their auto insurance premium in one payment. 

Although finding low-cost auto insurance is a priority, choosing the insurance company with a slightly higher premium that offers the coverage you need allows you to save in the event of an accident. For example, if you decide not to purchase collision insurance to pay a lower premium and you’re involved in an accident, you’ll pay out of pocket for damages to your vehicle. 

The Bottom Line: Consider Your Needs and Budget When Purchasing Auto Insurance

Cost is one of the first things drivers consider when shopping for auto insurance. Various factors impact rates, so it is up to drivers to decide which auto insurance company is offering the best rate as well as the best coverage. If you keep your budget and coverage needs in mind as you shop for auto insurance for your Hyundai, you should be able to make the best choice. 

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