
If you own a Hyundai, it's essential to find an insurance company that covers your vehicle. Many insurance companies offer coverage for Hyundai models, including the popular Elantra and Sonata.
Some insurance companies that cover Hyundai include State Farm, Allstate, and Geico. These companies offer a range of coverage options, including liability, collision, and comprehensive coverage.
You can find insurance companies that cover Hyundai by researching online or contacting local insurance agents. Many insurance companies also offer online quotes and comparison tools to help you find the best coverage for your needs.
To get started, you can visit the websites of insurance companies that cover Hyundai or contact them directly to ask about their coverage options.
Hyundai Insurance Coverage
Hyundai insurance coverage is becoming increasingly difficult to obtain. Insurers like Progressive, State Farm, Travelers, and Liberty Mutual are no longer signing new policies covering Kias and Hyundais with no anti-theft measures.
If you already have insurance, it's best to keep your current policy. Phillip Wright with Smart Choice Agents advises against trying to cancel and switch to another carrier without verifying the new policy will cover your Hyundai.
This change in insurance coverage could lead to higher premiums and payments for those who already have insurance. It's essential to review your policy and understand the potential impact on your finances.
The recall of certain Hyundai vehicles to install new software may not be enough to change insurers' decisions. The loss of Hyundai vehicles to theft has become a significant concern for insurance companies.
For those who own a Hyundai without anti-theft measures, it's crucial to explore alternative insurance options or consider upgrading your vehicle's security features.
Insurance Companies That Cover Hyundai
State Farm offers comprehensive coverage for Hyundai vehicles, including collision and comprehensive coverage for up to $100,000.
Geico provides affordable insurance options for Hyundai owners, with average annual premiums ranging from $1,300 to $1,600.
Progressive offers customizable coverage for Hyundai vehicles, including roadside assistance and rental car coverage.
What Hyundai Models Are Covered
Hyundai models covered by insurance companies vary, but some popular models like the Hyundai Elantra, Hyundai Santa Fe, and Hyundai Tucson are widely accepted. The Hyundai Elantra is a compact car that's a top seller in the US market.
Many insurance companies offer coverage for the Hyundai Elantra, including State Farm, Allstate, and Geico. The Hyundai Santa Fe, a midsize SUV, is also a popular choice for many drivers.
Insurance companies like Progressive and USAA offer coverage for the Hyundai Santa Fe. The Hyundai Tucson, another compact SUV, is a favorite among car buyers.
State Farm and Allstate also offer coverage for the Hyundai Tucson.
Types of Hyundai Insurance
Hyundai offers several types of insurance to protect your vehicle and finances.
Comprehensive insurance covers damage to your vehicle from non-collision events, such as theft, vandalism, or natural disasters.
Collision insurance covers damage to your vehicle from collisions, including accidents with other vehicles or objects.
Liability insurance covers damages to other people or property in an accident.
Personal injury protection (PIP) insurance covers medical expenses for you and your passengers in an accident.
Roadside assistance insurance provides emergency services, such as towing and fuel delivery, when you're stranded.
Hyundai's Roadside Assistance program includes services like tire changes, battery jump-starts, and lockout services.
Companies That Insure Hyundai
Farm Bureau is a top choice for Hyundai owners, offering the cheapest insurance rates at an average of $98 per month for full coverage.
Farm Bureau's excellent customer service reviews make it a standout in the industry.
If you're looking for affordable insurance for your Hyundai, Farm Bureau is definitely worth considering.
Companies That Won't Insure Hyundai
Some insurance companies are hesitant to insure certain Hyundai models, and it's not just because of their price. State Farm and Progressive won't insure certain Hyundai models built before 2023.
This is because thieves target some Hyundais because they're easier to steal than other models. Hyundai partnered with AAA to help Hyundai owners get insurance if you can't find coverage elsewhere.
If you're a Hyundai owner, you might be wondering if you're affected. State Farm, Progressive, Travelers, and Liberty Mutual are no longer signing new policies covering Kias and Hyundais with no anti-theft measures.
This change is largely due to the viral "TikTok challenge", which has resulted in the theft of thousands of Hyundai and Kia models from 2011 to 2019. The theft risk has made it difficult for these insurance companies to provide coverage.
Here are some insurance companies that won't insure certain Hyundai models:
- State Farm
- Progressive
- Travelers
- Liberty Mutual
Note: Newer models with ignition immobilizers are not affected.
Hyundai Insurance Costs and Options
Hyundai insurance costs can be steep, but there are some affordable options out there. The Hyundai Nexo is the most expensive Hyundai to insure, with a full coverage cost of $323 per month.
Farm Bureau offers the most affordable Hyundai Nexo insurance rates, at $110 per month for a full coverage policy. This is a significant savings of $213 per month compared to the average price to insure a Nexo.
If you're looking for a more affordable Hyundai model, the Elantra is a good choice. Farm Bureau has the cheapest Hyundai Elantra auto insurance, with a full coverage cost of around $99 per month.
The Palisade is another popular Hyundai model, and Farm Bureau offers the best rates for it as well. A full coverage policy costs $105 per month, which is $176 per month cheaper than average.
Accent Cost
The Hyundai Accent is a subcompact car that was produced by Hyundai until 2022. The average cost to insure a Hyundai Accent is $280 per month for a full coverage policy.
This cost is the same as the average cost of coverage for Hyundais overall. Farm Bureau offers the cheapest rate for the Accent, at $98 per month.
Elantra Cost
The cost of insuring a Hyundai Elantra can vary significantly from year to year. The monthly rate for full coverage insurance on a 2024 Elantra is $329.
Farm Bureau offers the cheapest full coverage insurance for the Hyundai Elantra, with a monthly rate of around $99. This is a significant savings compared to the average price of insurance for an Elantra.
Here's a breakdown of the monthly rates for full coverage insurance on a Hyundai Elantra from 2020 to 2024:
The 2020 Elantra has the lowest monthly rate for full coverage insurance at $282.
Nexo Cost
The Hyundai Nexo is a pricey vehicle to insure, with full coverage costing $323 per month on average.
Farm Bureau offers the most affordable insurance rates for the Nexo, at just $110 per month for a full coverage policy.
This is a significant savings of $213 per month compared to the average price to insure a Nexo.
Allstate is the most expensive company to get insurance through, with a whopping $763 per month for full coverage.
That's a staggering $653 per month more than Farm Bureau's rates, making it a clear choice for those looking to save money.
Sonata Cost
The Hyundai Sonata is a popular choice, but it comes with a price tag - literally. The Sonata is Hyundai's most expensive sedan to insure, with full coverage insurance costing an average of $306 per month.
If you're looking to save money on insurance, consider the Hyundai Venue, which is Hyundai's cheapest model to insure. It's $57 per month less expensive than the Sonata.
If you're set on owning a Sonata, be prepared for the higher insurance costs. But don't worry, there are ways to save - like shopping around for quotes from different insurance companies.
Here are the average monthly rates for full coverage insurance on a Hyundai Sonata:
Finding and Comparing Hyundai Insurance
GEICO offers Hyundai insurance coverage for a range of models, including the Elantra and Sonata.
To find the best Hyundai insurance, consider factors like coverage limits, deductibles, and premium costs.
Allstate offers a range of Hyundai insurance coverage options, including liability, collision, and comprehensive coverage.
GEICO's Hyundai insurance policies can be customized to fit individual needs, including adding roadside assistance or rental car coverage.
State Farm's Hyundai insurance coverage options include new car replacement and gap insurance.
GEICO's Hyundai insurance policies can be purchased online or through a licensed agent.
Allstate's Hyundai insurance coverage options can be compared using their online quote tool.
Frequently Asked Questions
What insurance companies do not insure Hyundai?
State Farm, Progressive, and Allstate are among the insurance companies that do not insure certain older Hyundai models susceptible to theft. Check if your Hyundai model is affected by this policy.
Why is insurance so high on Hyundai?
Insurance premiums for Hyundai owners may be higher due to increased theft risk and rising repair costs in certain areas. If you're a Hyundai owner, learn more about how these factors can impact your insurance rates.
Sources
- https://www.11alive.com/article/news/verify/hyundai-and-kia-models-insurance-policies/85-96b0b054-58e5-4029-8c18-768994738a49
- https://www.insurance.ca.gov/0400-news/0102-alerts/Car-Insurance-Coverage.cfm
- https://www.valuepenguin.com/hyundai-car-insurance
- https://www.wyff4.com/article/insurers-no-longer-cover-kia-hyundai-sc-theft/45144472
- https://www.wcpo.com/money/consumer/dont-waste-your-money/some-kia-hyundai-owners-struggle-to-get-insurance-coverage
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