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Hyundai Car Insurance Quotes

Compare quotes from 50+ car insurance companies and find the cheapest auto insurance cost for your Hyundai vehicle.

Compare Hyundai car insurance costs from top providers in Canada

CAA
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Economical
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Written By Joel Kranc

Contributing writer

Updated

About Hyundai car insurance

Originally founded as a construction company in 1947 in South Korea, Hyundai Motors was later born in 1967. The company’s first car was the Cortina, released in 1968, and was built in cooperation with the Ford Motor Company. Hyundai now also owns more than a third of the Kia Corporation.

Hyundai did not start exporting cars to Canada and the United States until 1984 and 1986 respectively.

Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea and produces about 1.6 million units per year. Hyundai cars are sold in 193 countries. As of 2022, Hyundai is the world's third-largest carmaker in terms of production, behind Toyota and Volkswagen. In June 2021, Hyundai Motor Group completed its acquisition of a controlling interest in the robotics firm, Boston Dynamics and now owns an 80% share of the company.

Recent Hyundai car insurance quotes

Recent Auto Insurance Quote from CALGARY, ALBERTA
Male, Age 21
2024 HYUNDAI ELANTRA PREFERRED 4DR
April 09, 2024
Cheapest Quote
$ 762 / month
$9,149 / year
Average Quote
$ 1,172 / month
$14,061 / year
Savings
$ 409 / month
$4,912 / year
or
34.93 %
Recent Auto Insurance Quote from PAISLEY, ONTARIO
Male, Age 22
2022 HYUNDAI ELANTRA ESSENTIAL 4DR
April 11, 2024
Cheapest Quote
$ 232 / month
$2,781 / year
Average Quote
$ 301 / month
$3,613 / year
Savings
$ 69 / month
$832 / year
or
23.03 %
Recent Auto Insurance Quote from CORNWALL, ONTARIO
Male, Age 31
2020 HYUNDAI ELANTRA LUXURY 4DR
April 11, 2024
Cheapest Quote
$ 183 / month
$2,194 / year
Average Quote
$ 279 / month
$3,353 / year
Savings
$ 97 / month
$1,159 / year
or
34.57 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

Popular Hyundai models

In 2022, the Hyundai Elantra was ranked as the 10th best most popular vehicle in Canada, according to driving.ca. However, in 2021, Hyundai Elantra was named winner of the 2021 North American Car of the Year award by the North American Car, Utility and Truck of the Year (NACTOY) automotive media jury.

With a price tag ranging from about $21,000 to $30,000 for the luxury model, the Elantra comes in several varieties: sedan, coupe or hatchback. You can also purchase it with six-speed manual or automatic transmission. The Elantra offers good fuel economy, high performance and an attractive design.

When seeking Hyundai auto insurance for an Elantra, it's helpful that this model is noted for its impressive safety features including six airbags, electronic stability control, and front and rear parking sensors.

The 2023 Hyundai Sonata starts at $30,924 for the base Preferred model. The Sport trim comes with the 1.6-litre turbo engine and costs $35,424. Shoppers can spend up to $250 on paint options to personalize their ride.

While not appearing on the top 10 ranking for 2023, the car the 2023 Hyundai Sonata is ranked no. 4 based on its score within the midsize car category, according to US News and World Report. Currently the Hyundai Sonata has a score of 7.9 out of 10. It gets 8.8L/100km for city driving, 6.4L/100km for highway driving and a combined average of 7.7L/100km.

Driving.ca says that the Hyundai Kona, which is ranked no. 9 as the top selling vehicle, is Canada’s best-selling subcompact utility vehicle. The Kona also ranks as Canada’s highest-volume Hyundai, Canada’s third-ranked SUV/crossover. The car also received 5 out of 5 stars from the National Highway Traffic Safety Administration.

Safety features include:

  • Front-impact airbags for the driver and passenger have been designed to protect the head during a frontal crash.
  • Side impact airbags for the front seats have been designed to protect the torso during a side impact collision.
  • Overhead airbags are used to protect the occupant's heads in the event of a side collision or rollover.
  • Seatbelt pretensioners automatically tighten seatbelts to place the occupant in the optimal seating position during a collision.
  • A means of anticipating and/or detecting unwanted vehicle intrusion.

Average car insurance costs for Hyundai Elantra

The assumptions used here to calculate car insurance costs for the Hyundai Elantra are based on a male driver living in Toronto, Ontario who has basic car insurance and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is 2023 Elantra Essential 4DR.

The good news is that the older you get, the lower your premiums will get. Insurance is about risk and as you age and get experience behind the wheel, you become less of a risk to your provider. Note that an 18-year-old is paying $3,494 to drive the same car that a 60-year-old will pay $734 for insurance – a difference of a whopping 376%.

Annual premium of Hyundai Elantra drivers based on their age
Age Annual Premium
18 $3,494
19 $3,244
20 $2,412
21 $1,820
22 $1,782
23 $1,674
24 $1,637
25 $1,601
26 $1,471
27 $1,467
28 $1,385
29 $1,391
30 $1,397
40 $986
50 $776
60 $734

The probability of theft, collision and other factors is likely why the Hyundai Elantra’s rates are so expensive. If you look at the latest data from the Insurance Bureau of Canada (IBC), you’ll discover that new Elantra models score very high when it comes to claims filed for them.

The ratings across various coverages for 2021 Hyundai Elantra 4DR – the latest model for which there is data – are as follows:

Note: 100 is the average rating in each category, and the higher the number, the less favourable the rating.

Annual premium of Hyundai Elantra drivers based on the model year
Model Year Annual Premium
2018 $3,938
2019 $3,558
2020 $3,544
2021 $3,362
2022 $3,450
2023 $3,494

Our model year data is based on an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is Elantra Essential 4DR.

You may have noticed that rates for older Elantra models are higher than for newer ones. Generally, the newer cars have better safety features that can help prevent collision or theft.

Average car insurance costs for Hyundai Sonata

The assumptions used here to calculate car insurance costs for the Hyundai Sonata Sport are based on a male driver living in Toronto, Ontario who has basic car insurance and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is 2023 Hyundai Sport 1.6T 4DR.

Annual premium of a Hyundai Sonata drivers based on age
Age Annual Premium
18 $3,675
19 $2,412
20 $2,543
21 $1,923
22 $1,881
23 $1,770
24 $1,729
25 $1,690
26 $1,554
27 $1,550
28 $1,464
29 $1,471
30 $1,477
40 $1,004
50 $806
60 $762

If you look at the latest data from the Insurance Bureau of Canada (IBC), you’ll discover that new Sonata models score very high when it comes to claims filed for them.

The ratings across various coverages for 2020 Hyundai Sonata 4DR – the latest model for which there is data – are as follows:

Note: 100 is the average rating in each category, and the higher the number, the less favourable the rating.

Annual premium of Hyundai Sonata drivers based on model year
Model Year Annual Premium
2018 $4,207
2019 $4,338
2020 $3,763
2021 $3,769
2022 $3,819
2023 $3,672

Our model year data is based on an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is Hyundai Sonata Sport 1.6T 4DR.

Sonata annual insurance rates are significantly higher than those of Kona and the Elantra. The car itself is on the expensive side comparatively speaking and would take more to repair or replace it in case of theft of collision.

Average car insurance costs for Hyundai Kona

The assumptions used here to calculate car insurance costs for the Hyundai Kona are based on a male driver living in Toronto, Ontario who has basic car insurance and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is 2023 Elantra Essential 4DR.

Once again, younger drivers are paying more for insurance than their older, more experienced compatriots. An 18-year-old driver is paying an annual premium of $2,805 versus a 60-year-old driver who pays $633 per year – a percentage difference of 343%.

Annual premium of Hyundai Kona drivers based on age
Age Annual Premium
18 $2,805
19 $2,609
20 $1,968
21 $1,509
22 $1,474
23 $1,382
24 $1,347
25 $1,313
26 $1,202
27 $1,198
28 $1,138
29 $1,144
30 $1,150
40 $832
50 $668
60 $633

Annual insurance rates for the Kona are slightly lower than they are for the Elantra and Sonata. Those cars are more expensive options than the Kona and more expensive to replace and repair.

When looking at the Insurance Bureau of Canada (IBC), you’ll notice that collision, comprehensive and DCPD coverage is lower than average in most cases.

The ratings across various coverages for 2021 Hyundai Kona 4DR 2WD – the latest model for which there is data – are as follows:

Note: 100 is the average rating in each category, and the higher the number, the less favourable the rating.

Annual premium of Hyundai Kona drivers based on model year
Model year Annual Premium
2018 $3,028
2019 $2,926
2020 $3,019
2021 $3,059
2022 $3,054
2023 $2,819

Our model year data is based on an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is Elantra Essential 4DR.

Rates have fluctuated for the Kona. While there is no exact reason to pinpoint the rise and fall of rates some reports have said that some Hyundai’s are “too easy” to steal, and this may influence their insurance premiums.

Average car insurance costs for Hyundai Tucson

The assumptions used here to calculate car insurance costs for the Hyundai Tucson 2WD are based on a male driver living in Toronto, Ontario who has basic car insurance and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is 2023 Tucson 2WD.

Annual premium for Hyundai Tucson drivers based on age
Age Annual Premium
18 $3,133
19 $2,909
20 $2,167
21 $1,639
22 $1,605
23 $1,506
24 $1,472
25 $1,438
26 $1,320
27 $1,317
28 $1,244
29 $1,250
30 $1,255
40 $869
50 $698
60 $662

If you look at the latest data from the Insurance Bureau of Canada (IBC), you’ll discover that new Tucson models score slightly lower when it comes to claims filed for them.

The ratings across various coverages for 2020 Hyundai Tucson 2WD – the latest model for which there is data – are as follows:

Note: 100 is the average rating in each category, and the higher the number, the less favourable the rating.

Annual premium for Hyundai Tucson drivers based on model year
Model year Annual Premium
2018 $3,232
2019 $3,206
2020 $3,180
2021 $3,202
2022 $3,259
2023 $3,133

Our model year data is based on an 18-year-old male driver in Toronto, Ontario, who has basic car insurance coverage and a clean driving record. He also happens to drive 10,000 km per year. The exact vehicle is Hyundai Tucson 2WD.

Premiums throughout the years 2018 and 2023 have remained relatively consistent but annual premiums remain higher than cars like the Kona which represent the subcompact market. Sport utility vehicles remain popular in Canada and the Tucson is ranked no. 7 of all SUVs in Canada according to driving.ca. Their popularity likely means higher theft and repairs, which may be keeping rates higher than average.

Find your cheapest car insurance quotes for your Hyundai

Whether you purchase an Elantra, Tucson, Sonata or another Hyundai model, it's essential to find the best Hyundai car insurance for your needs. It's always a good idea to shop around to find the best insurance provider on sites like RATESDOTCA offering the most attractive rates and plans. There are many good reasons why several Hyundai vehicles are among the most popular cars in Canada. They offer a good balance of attractive design, high performance safety features, and economy. Once you choose the model that's right for you, all that remains is selecting the best Hyundai auto insurance policy to protect your investment. Why don't you begin right here? Compare Hyundai insurance rates today.

Joel Kranc ,
Writer

Joel Kranc is a freelance writer and content provider who has worked with RATESDOTCA since 2019. He holds an MA in political science from the University of Toronto and a film certificate from New York University.

He has been published in and worked for such companies as CNN, Rogers Media, Institutional Investor Magazine, The Globe and Mail, Infrastructure Investor, BenefitsPRO Magazine, Global Finance Magazine, With Intelligence, the CPP Investment Board, Hospitals of Ontario Pension Plan, and many more financial services and industry publications.

He is the author of "Retirement Planning in 8 Easy Steps," which, when released in 2015, was No. 11 on the Publisher's Weekly US Bestseller List for Business and Finance, beating out Mark Cuban's "How to Win at the Sport of Business."

Education
  • Master's of Political Science, University of Toronto
Featured in
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  • Institutional Investor
  • Plan Sponsor Magazine
  • Global Finance Magazine
  • Infrastructure Investor
  • Private Equity Investor
  • The Globe and Mail
  • Fund Directions Newsletter
  • BenefitsPRO
  • HR Professional
  • Advisor's Edge
  • Institutional Investor
  • Employee Benefit Advisor
  • Investing in Infrastructure Magazine (i3)

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