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Hyundai auto insurance: what you need to know.

After more than five decades in the market, Hyundai has become a global household name for its reliable vehicles and wide customer appeal.

This South Korean brand, which means “modernity” in English, is only expected to increase in popularity as they continue to improve their designs and hybrid and electric car products.

If you’re thinking of getting into the driver’s seat of a Hyundai, make sure you weigh the costs of Hyundai insurance in Canada beforehand.

Hyundai insurance costs are determined on the year and make of your vehicle, your driving record, and the location you call home — if you live in a larger city, for instance, you’ll typically pay more for insurance because bustling locales typically have higher instances of theft and car accidents.

But don’t take one company’s word as standard. It’s important to shop around to find the cheapest Hyundai car insurance available.

Luckily, Hyundais are known for having some of the best warranties in Canada and are typically regarded as safe and trustworthy. For instance, a number of Hyundai models have earned Top Safety Pick awards from the U.S. Insurance Institute for Highway Safety (IIHS).

If you’re ready to start comparing multiple Hyundai car insurance quotes right now, type in your postal code and select “Get Started.”

Keep scrolling to learn more about Hyundai insurance coverage.

How much is insurance for a Hyundai?

Determining Hyundai car insurance prices can be a complex process with plenty of variables. Provinces also have their own government regulations that influence how rates are calculated. Insurance companies rely on complex datasets and equations to determine prices. The exact formula is different for each insurance company and is a closely guarded secret.

In terms of personal information, insurance companies will want to know how long you’ve been a licensed driver and the number of claims you’ve made in the past. Hyundai insurance for young drivers, for example, is likely a higher price than the Hyundai vehicle insurance offered to seasoned drivers. Insurance companies will also be turning an eye to any past speeding tickets or other traffic violations.

Public details about the make and model of your Hyundai are also important because insurance companies will draw on their research on typical repair and replacement costs, which also plays a big role in their calculations.

Due to all these factors, we can’t provide the exact average cost of Hyundai insurance in Canada, but we can help by showing you car insurance rates for Hyundai from our customers.

Estimated premium

The following are Hyundai car insurance rates offered to our website’s visitors:

Front view of a car. Illustration.

See how our customers save big on auto insurance.

CustomerLocationVehicleLowest RateAverage RateSaved
Quote from March 08, 2021
Customer
Male, 25 years old
Location
ontario
Vehicle
2021 HYUNDAI ELANTRA PREFERRED 4DR
Lowest Rate
$3,000/yr
Average Rate
$4,654/yr
Saved
36.00%
Quote from March 07, 2021
Customer
Male, 44 years old
Location
ontario
Vehicle
2013 HYUNDAI SONATA 2.0T LIMITED 4DR
Lowest Rate
$1,908/yr
Average Rate
$3,256/yr
Saved
41.00%

Your questions about Hyundai auto insurance rates, answered.

What is the cheapest Hyundai to insure?

A good rule of thumb when estimating the cheapest Hyundai to insure is to look to the cheapest car model. While expensive, leading-edge vehicles can boast beautiful designs and advanced technology, those fancy features can be expensive to fix in the case of an accident. It’s easier, on the other hand, to replace cheap parts.

Used vs. new Hyundais: which is cheaper to insure?

Insurance on used Hyundai cars is easier on the wallet than the insurance costs of brand new vehicles, and that’s because used cars, in general, are cheaper to insure. A major part of that reasoning is because a new car is much more costly to replace than an older model.

However, many consumers find new cars more appealing because they come with a warranty and are typically designed to prevent wastefulness when it comes to fuel.

For shoppers torn between the benefits of old and new vehicles, Hyundai does offer its own inventory of pre-owned vehicles ranging from sedans and sports cars to SUVs and hybrids. Cars are thoroughly inspected beforehand and provided with a one-year warranty.

What is the best car insurance for a Hyundai?

It’s hard to give a conclusive review of the best Hyundai insurance out there because individual needs will differ. There’s a healthy mix of insurance companies in the Canadian market competing for your attention, and you’ll want to explore your options.

To get the best car insurance rates for Hyundai based on your personal situation, try a comparison tool like the one LowestRates.ca offers to view quotes from multiple insurance companies. This is likely the fastest way because you can simply answer your burning Hyundai insurance questions online.

Another option is to reach out directly to a broker to discuss insurance for a Hyundai.

How auto insurance quotes for Hyundai are calculated.

Your Hyundai insurance policy will be calculated based on a number of factors. Some of these include:

Location: Each province and territory in Canada regulates its own insurance costs, so where you reside makes a difference. For instance, Ontario is known to have more expensive insurance than Quebec.

The city or town you live in also makes a difference and that’s likely because more Hyundai insurance claims are made in hectic, crowded areas than they are in remote rural spots.

Age: Certain provinces, such as Alberta, Ontario and Quebec, allow auto insurance providers to base rates on the applicant’s age. Young people are considered greener when it comes to driving, so anyone under the age of 25 might find themselves shelling out more money.

History: A spotless driving history makes a difference when it comes to insurance. If you’ve never filed a claim before nor been convicted of a driving offence your costs will be lower.

Customer loyalty: Insurance companies want their customers to keep coming back so if you get a renewal on your Hyundai insurance, you’ll be paying less than your initial insurance fee.

Is it safe to buy Hyundai insurance online?

Yes, it’s totally safe to buy car insurance online. We’ve helped Canadians save millions on their insurance costs, collectively. Get a quote for Hyundai car insurance on LowestRates.ca and start saving today.

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