The Hyundai Santa Fe is a popular midsize SUV that provides a nice blend of style, comfort, and performance. But like all vehicles, insuring a Santa Fe comes with a cost. So how much can you expect to pay for Hyundai Santa Fe insurance?
The annual cost of insurance for a Hyundai Santa Fe depends on the type of auto insurance coverage you select. The average you will pay is $760 for minimum coverage and $1527 for full coverage. Full coverage insurance includes three types of coverage comprehensive collision, and liability.
Below we’ll explore average Santa Fe insurance costs in more detail, including how rates vary by age, location, and insurance company. We’ll also provide tips to help you get the best deal on Hyundai Santa Fe insurance
Factors That Affect Hyundai Santa Fe Insurance Costs
Several key factors determine how much you’ll pay to insure a Santa Fe. These include:
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Your age – Young drivers pay the highest rates, with costs decreasing as you get older. Rates start increasing again around age 70.
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Your location – Insurance rates vary widely across states and even across zip codes. Urban areas tend to have higher costs.
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Your gender – Statistics show young male drivers have more accidents, so they pay more for insurance. The gap closes as drivers get older.
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Your driving record – A clean record will score you the lowest rates. Tickets, accidents, and DUIs will drive your premiums up.
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The Santa Fe’s safety features – Vehicles with advanced safety tech can qualify for insurance discounts.
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Your credit history – In most states, having poor credit will increase your insurance costs.
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The Santa Fe’s repair costs – More expensive vehicles to fix means higher rates.
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Your insurance limits – Higher liability and collision/comprehensive limits raise your premiums.
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Your deductibles – Choosing higher deductibles reduces your rates.
Average Cost to Insure a Hyundai Santa Fe
The table below shows estimated average annual insurance premiums for a Hyundai Santa Fe across different driver age groups and coverage types, based on sample quotes.
| Driver Age | Minimum Coverage | Full Coverage |
|---|---|---|
| 16 | $4,943 | $8,569 |
| 25 | $1,632 | $2,347 |
| 40 | $760 | $1,527 |
| 60 | $759 | $1,411 |
As you can see, carrying just the minimum liability insurance required by law is significantly cheaper than having full coverage. But full coverage provides protection against damage to your own car, which may be worth the extra cost.
Rates are highest for teen drivers and lowest for middle-aged drivers. Adding a teen to your policy can increase your premiums by 150% or more.
Cheapest Insurance Companies for Hyundai Santa Fe
Car insurance rates can vary dramatically from one insurer to the next. Comparison shopping is important to find the best deal. Here are some of the most affordable insurers for Hyundai Santa Fe policies:
- USAA
- Erie
- Travelers
- State Farm
- Progressive
USAA is the overall cheapest if you qualify for membership through military service or family ties. Erie and Travelers also offer competitive pricing.
When comparing, get at least three quotes tailored to your specific situation. Prices can swing hundreds of dollars between insurers.
Hyundai Santa Fe Insurance by State
Where you live is one of the biggest determinants of what you’ll pay for Hyundai Santa Fe insurance. Rates in different states can differ by $1,000 or more per year.
Below are the most and least expensive states for insuring a Santa Fe, based on average full coverage premiums for a 40-year-old driver with a clean record:
Most Expensive States
- Louisiana: $2,679
- Florida: $2,201
- New York: $2,194
- Rhode Island: $2,068
- Nevada: $1,986
Least Expensive States
- Maine: $855
- Iowa: $980
- Idaho: $1,027
- Vermont: $1,059
- Wisconsin: $1,088
Insurance costs in Louisiana are nearly triple those in Maine. Even neighboring states can have very different average rates.
Some reasons one state may have higher average premiums than another include:
- More frequent or severe accident claims
- Higher rates of auto theft
- Extreme weather risks
- Denser populations
- Higher medical and auto repair costs
The only way to know for sure how rates compare in your areas of interest is to get quotes specific to your situation.
How to Get the Best Rate on Hyundai Santa Fe Insurance
Here are some proven ways to make sure you’re getting the lowest possible insurance rate for your Hyundai Santa Fe:
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Compare quotes from at least four insurers – Leverage rate differences between companies.
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Consider usage-based programs – They can yield discounts for safe driving habits.
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Ask about any discounts you qualify for – You may save with features like air bags, anti-theft devices, and safety tech.
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Opt for higher deductibles – Increasing yours to $500 or $1,000 can reduce premiums substantially.
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Maintain a good credit score – This can seriously impact what you pay in most states.
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Review the limits and coverage you need – Don’t overpay for more than you require.
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Avoid policy lapses – Having continuous insurance can score you the best rates.
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Insure all your cars with one company – You may qualify for a multi-vehicle discount.
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Improve your driving record – Preventing tickets, accidents, and claims keeps rates low.
With a little research and smart shopping, you can secure an affordable Hyundai Santa Fe insurance policy that provides the coverage you need. Get personalized quotes to find the best rate for your situation.
Frequently Asked Questions
1. Is a Hyundai Santa Fe more expensive to insure than other midsize SUVs?
The Santa Fe has average insurance costs compared to other vehicles in its class. Midsize SUVs like the Honda Passport, Nissan Murano, and Toyota 4Runner have similar premiums. The Santa Fe does not stand out as particularly expensive or cheap to insure.
2. How much extra will I pay to insure a teen driver on my Hyundai Santa Fe policy?
Adding a teen to your policy typically increases rates by 50-150%, depending on factors like the teen’s age and gender. For example, rates for full coverage that are $150 per month for an adult driver may increase to $250-375 per month with a teen added.
3. What insurance discounts are available for the Hyundai Santa Fe?
Discounts that may apply include multi-vehicle, safe driver, defensive driver, good student, anti-theft device, anti-lock brakes, airbags, and automatic seatbelts. Ask your insurer about all possible discounts for your Santa Fe.
4. Should I get collision and comprehensive coverage for my Hyundai Santa Fe?
Collision and comprehensive provide important protection for your vehicle investment. Unless your Santa Fe is older or you can easily afford repairs or replacement, having this coverage is wise. The extra cost is usually justified.
5. How much does Hyundai Santa Fe insurance cost for minimum vs. full coverage?
Minimum liability-only insurance costs about $760 per year on average, while full coverage with collision, comprehensive, and higher limits averages around $1,527 annually. Full coverage costs about twice as much but provides more protection.
Hyundai Santa Fe Insurance Costs by State
Different states have different rates for Hyundai Santa Fe auto insurance. These rates are usually based on things like past claims for the Santa Fe, medical bills, repair costs, and state laws. If you want to buy Santa Fe insurance, Louisiana is the most expensive state. Vermont is the least expensive.
Cost of Insurance for a Hyundai Santa Fe Based on Driver Age
Based on Forbes Advisor’s rates analysis, 60 is the cheapest age for insuring a Hyundai Santa Fe.
On the other hand, the most expensive age to insure a Santa Fe is 20.
There are multiple factors that go into calculating your own car insurance rates. These usually include your driving record, your address (where you keep the car), the number of miles you drive each year, your credit-based insurance score (people with worse credit pay more for insurance), your past auto insurance claims, the type of car you have, any gaps in your coverage, and the types and amounts of insurance you have.