Hyundai Auto Insurance

Hyundai is a multinational automaker which is headquartered in Seoul, South Korea. Together with KIA, it forms the Hyundai Kia Automotive Group, which today is the fourth largest automobile manufacturing company in the world. From its initial founding in 1967, Hyundai has continued to expand and since 2011 it has been the world's fastest growing automobile maker. In 2010, Hyundai sold more than 3.6 million vehicles around the globe.

Hyundai entered the U.S. automobile market in 1968 with the introduction of the Excel model. It was offered with various body styles and trim packages and proved to be a very well-received entry into the American car scene. Much of its early success was due to the affordability of the Excel. The early success and popularity of the Excel soon wore off as many of the vehicle's faults became apparent. In an attempt to keep manufacturing costs low, the company had cut corners and the overall reliability of the Excel suffered greatly. Sales plummeted and Hyundai's reputation was severely tarnished. However, the car manufacturing giant learned from these mistakes and began investing heavily in the design, quality, and production of its vehicles. All vehicles sold in the U.S. came with a 10 year, 100,000 mile warranty and by 2004 sales had increased dramatically. Even more importantly, Hyundai's reputation for making dependable, affordable cars was once again restored.

In 1988, Hyundai produced and sold its first mid-sized car model in the U.S., the Sonata. The company's first luxury sedan, the Genesis, was introduced in America in 2008. It featured a powerful V-8 engine and rear-wheel drive. Hyundai's second rear-wheel drive concept car, the Genesis Coupe, hit the U.S. market in 2009. This was the first sports car model produced by the automotive manufacturer.

After re-focusing its efforts to make reliable and reasonably priced vehicles, the Hyundai brand is now synonymous with safety, affordability, and reliability. When looking for car insurance for your Hyundai vehicle, be sure to contact several different companies and compare rates. Remember that all companies base their quotes on the make and model of the car you are insuring but also will factor in other personal information. Annual premium costs may vary considerably depending on where you live, your age and your driving record. Your credit history can also affect the amount you will pay for insurance.

There are things you can do to help keep the cost of car insurance low. These include maintaining a clean driving record, taking advantage of available discounts, and having a good credit score.

Risk considerations for Hyundai
The National Insurance Crime Bureau issues an annual report on the 100 most commonly stolen vehicles and Hyundai models were not named to the latest list. Remember that cars which have the most safety features, including anti-theft devices, normally will cost less to insure. For this reason, newer models are generally less expensive to insure than older models.

Crash Test Results for Hyundai
Every year, the Insurance Institute for Highway Safety tests thousands of vehicles to determine crashworthiness. This translates to how well a certain car model will protect its occupants in the event of a crash. The following Hyundai models were named as Top Safety Picks for 2012 by the IIHS. This means these cars received a good rating in all areas- high speed front and side crash tests, head/seat restraint protection against neck injuries in a rear impact crash, and the rollover crash test.

  • Small cars - Hyundai Elantra
  • Midsize cars - Hyundai Sonata
  • Large luxury cars - Hyundai Equus and Hyundai Genesis
  • Midsize SUVs - Hyundai Santa Fe

Hyundai auto insurance costs
When you plan and budget for car ownership expenses, it is important to include the cost of insurance. The actual amount you will pay for an annual premium will vary depending on your personal information and what type of vehicle you are insuring. The quotes offered here are simply guidelines as to what you might be charged but they can help you estimate what the yearly cost of an insurance policy might be.

Hyundai models generally average around $1336 a year to insure. The Hyundai Tuscan can cost about $1200 for an annual policy while a Hyundai Santa Fe will run about $1228. The Hyundai Genesis is usually the most expensive model to insure coming in at around $1600 a year. The Hyundai Elantra will cost approximately $1300 and the Hyundai Sonata will run $1342.