About Hyundai Car Insurance
Hyundai vehicles are some of the top-performing cars and SUVs on the market worldwide. Hyundai is known to be reliable, and the wide variety of makes and models means they are a perfect fit for nearly everyone: from the bachelor or single woman, retiring grandparent, the family with many children or brand new driver. No matter who you are, if you own a Hyundai, you want to protect your valuable assets by purchasing insurance.
Before you start comparing car insurance rates with MyChoice, the information below should provide you with everything you need to know about choosing the right insurance and coverage for your lifestyle, and you’ll learn some informative tips about Hyundai along the way!
How Much Does it Cost to Insure Your Hyundai in Canada?
On average, it costs around $1,298 per year to insure your Hyundai in Canada. The price will vary depending on your Hyundai model, year make, region you live in, and driving history.
Here’s how much it would cost you on average to insure your Hyundai in the following cities in Canada:
| City | Average Annual Insurance Premium |
|---|---|
| Toronto, ON | $2,157 |
| Kingston, ON | $1,250 |
| Hamilton, ON | $1,673 |
| Ottawa, ON | $1,451 |
| Brockville, ON | $1,236 |
| Edmonton, AB | $1,424 |
| Medicine Hat, AB | $1,128 |
| Montreal, QC | $807 |
| Halifax, NS | $1,336 |
| Fredericton, NB | $835 |
| Corner Brook, NL | $1,128 |
How Hyundai Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many potential buyers often weigh the insurance rates of brands, including Hyundai, against each other. Insurance costs can significantly influence the decision-making process.
Based on internal customer quote data, Hyundai’s insurance rates fall within a similar range as other mainstream brands. While Hyundai’s premiums are slightly higher than those of Honda and Kia, they remain lower than Toyota’s. This positions Hyundai as a competitively priced option in the market, offering a balance between affordability and coverage. Here’s a brief comparison:
| Car Model | Average Annual Insurance Premium |
|---|---|
| Hyundai | $1,298 |
| Nissan | $1,304 |
| Toyota | $1,355 |
| Honda | $1,181 |
| Kia | $1,177 |
| Mazda | $1,200 |
Hyundai Car Insurance Rates Through The Years
Hyundai car insurance rates have steadily increased over the past several years. While there was a slight dip in 2021, premiums have generally risen year over year. The most recent data shows a continued upward trend, aligning with broader market shifts and insurance cost fluctuations.
Hyundai Car Insurance Rates by Model & Year Make
When insuring your Hyundai, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various Hyundai models from different years.
A Brief History of Hyundai
Hyundai Motor Company was founded in 1967 by Chung Ju-Yung. The word “Hyundai” means modernity, which makes sense, as the company is always forward-thinking and providing its customers with the latest technology. In less than 50 years, it has become one of the largest auto manufacturers in the world!
Hyundai started to become well-known in the world after the 1975 release of the Hyundai Pony, the car that most experts say was the true beginning of the Korean car market. However, Hyundai still did not make its way to Canada until 1984. It is interesting to note that the company chose to start manufacturing in North America in Canada over America. This was because of complications with US emission standards. The sales of the vehicle exploded, far exceeding the company’s expectations. Since coming to Canada, there’s been a large number of times that Hyundai has been the top-selling vehicle manufacturer in Canada.
Most Popular Hyundai Vehicles
Hyundai Insurance FAQs
Which Hyundai model is the cheapest to insure?
The 2022 Hyundai Ioniq Ultimate is the most affordable model to insure, with an annual average insurance premium of $1,081.
Are Hyundai vehicles safe?
Hyundai’s website claims that “Good is never good enough” regarding safety; it is a top priority for the company.
In 2016, five models (the Tucson, Elantra, Sonata, Santa Fe & Santa Fe Sport were awarded the Top Safety Pick+ by the Insurance Institute for Highway Safety (IIHS). The IIHS also ranked the Tuscon, IONIQ HEV, and others as its “best cars” for 2018.
Additionally, a large number of Hyundai have been given the top 5-star safety rating by the US National Highway Traffic Safety Administration, and others have won awards from Kelly Blue Book and Women’s World Car of the Year. Safety is surely a top priority for Hyundai.