The Hyundai Santa Fe is one of the most popular midsize SUVs on the market. With great value, fuel efficiency, and plenty of safety features, it’s easy to see why drivers love this versatile vehicle. But before you drive your shiny new Santa Fe off the dealer’s lot, you need to make sure you have adequate auto insurance coverage.
In this comprehensive guide, we’ll cover everything you need to know about insuring your Hyundai Santa Fe, including:
- Average insurance costs
- Factors that affect your rates
- Discounts you may qualify for
- How it compares to similar vehicles
- And more!
Average Insurance Costs for a Hyundai Santa Fe
So how much can you expect to pay to insure a Santa Fe? Here are the average monthly premiums according to our rate analysis:
- Liability only coverage: $57
- Full coverage: $142
These rates are based on a 2021 Hyundai Santa Fe, but costs don’t fluctuate too much from year to year. Full coverage includes both collision and comprehensive alongside liability. This protects you and your SUV in the event of an at-fault accident, damage from weather/animals, theft, and more.
Of course, your personal rates will depend on your location, driving history, age, gender, credit score, and other factors. But this gives you a good ballpark estimate of what to budget for your Santa Fe insurance.
What Impacts Your Hyundai Santa Fe Insurance Rates?
Car insurance companies take a number of variables into account when calculating your premiums. Here are some of the biggest factors that affect Hyundai Santa Fe insurance costs specifically:
Younger drivers pay significantly more for car insurance because they are considered higher risk. Teen drivers pay the most – around $135 per month on average. Rates start dropping after age 25, with middle-aged drivers getting the best rates.
Statistics show that men file more insurance claims than women. This means insurers charge male drivers about $4 more per month on average for a Santa Fe.
Insurance is regulated at the state level, so costs vary dramatically based on your zip code. For example, Santa Fe drivers in New York pay $166 per month on average, while drivers in California pay just $54.
Your driving record
A clean record with no accidents or tickets will score you the lowest rates. Just one at-fault accident can increase your costs by $18 per month. Multiple violations will raise rates even more.
Your credit history
Drivers with poor credit are seen as more high-risk. Maintaining a solid credit score keeps rates low.
Drivers who rack up fewer miles have lower risk of accidents. Low mileage discounts can save you $5 per month or more.
As you can see, insurance companies take many personal factors into account above and beyond just the type of vehicle you drive. That’s why it’s so important to shop around and compare quotes.
Ways to Save on Hyundai Santa Fe Insurance
The best way to save money on car insurance is to ask about all possible discounts from each insurer. Here are some common discounts available:
- Good driver – For a clean driving record, up to 30% off.
- Defensive driver – For completing an approved safe driving course, up to 10% off.
- Multi-policy – Around 10-15% off for bundling home and auto insurance.
- Multi-car – For insuring more than one vehicle on the same policy.
- Safety features – For air bags, anti-lock brakes, anti-theft devices, etc.
- Good student – If you or your teen driver maintains a B average, up to 25% off.
- Advance shopper – Just for getting a quote before your current policy renews, save up to 15%.
- Paperless – Go paperless with electronic documents to save around $100 per year.
- Pay in full – Opt for annual premiums instead of monthly payments to save up to 10%.
- Affinity – Check if you qualify for discounts through your employer, school, or organizational memberships.
The more discounts you can stack together, the more you’ll save! It’s always wise to reassess your options at least once a year by comparing quotes.
How Much is Insurance for Other Hyundai Models?
It’s smart to look at insurance costs when comparing vehicles you may be interested in. Here’s how the Santa Fe stacks up to other popular Hyundai models:
|Average Monthly Premium
|Hyundai Santa Fe
The Santa Fe is one of Hyundai’s most affordable vehicles to insure, with rates well below the industry average of $169 per month for full coverage. The small Hyundai Accent has surprisingly high rates due to its classification as a sports coupe.
Compare Quotes to Find the Best Rate
The most important tip for saving money on Santa Fe insurance is to compare personalized quotes from at least 3-4 different insurers. Rates can vary by hundreds of dollars for the exact same coverage, so it really pays to shop around.
To make it easy, you can simply enter your zip code at the top of the page. You’ll instantly be able to compare the best rates available in your area from top insurance providers. It only takes a few minutes to see if you could be saving money.
The Bottom Line
The Hyundai Santa Fe delivers great value not just on the sticker price, but also when it comes to protecting it with auto insurance. Average rates are very affordable at just $141 per month for full coverage. Plus there are numerous discounts available to save you money.
Follow our tips to make sure you get the right coverage at the lowest possible cost. And be sure to compare quotes from multiple insurers to find the best Hyundai Santa Fe insurance rate for your needs and budget.
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