Hyundai Santa Fe Insurance Rates

How much is Hyundai Santa Fe insurance? It can be hard to find good car insurance rates, especially if you don’t know what a good rate should be for your vehicle.

If you need help to find the best insurance rates for your Hyundai Santa Fe or want to know if the Hyundai Santa Fe is a good car, you’ve come to the right place. Our guide goes over coverage prices, safety ratings, and more.

Want to start shopping for Hyundai Santa Fe insurance today and find out who has the cheapest car insurance? Enter your ZIP code in our free tool above.

U.S. average insurance prices for a Hyundai Santa Fe are $1,370 every 12 months for full coverage. Comprehensive insurance costs an estimated $280, collision costs $542, and liability coverage is $390. Liability-only coverage costs around $452 a year, with high-risk coverage costing $2,970 or more. 16-year-old drivers pay the highest rates at $5,128 a year or more.

Average premium for full coverage: $1,370

Price estimates broken down by individual coverage:

These estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and for different Santa Fe trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on insurance rates. More rural locations have more infrequent accident claims than congested cities.

The price range example below illustrates how geographic area affects insurance prices.

The ranges above show why anyone shopping for car insurance should compare rates quotes for a targeted area and their own driving history, rather than using rate averages.

Use the form below to get customized rates for your location.

Additional Rate Details

The chart below shows estimated Hyundai Santa Fe insurance rates for other coverage scenarios.

• The best full coverage rate is $786
• Raising to $1,000 deductibles will save approximately $186 a year
• The average price for the average middle-age driver who has $500 deductibles is $1,370
• Buying more expensive low deductibles costs an extra $362 each year
• Unlucky drivers with multiple tickets or accidents could pay up to $2,970 or more
• The price to insure a teenage driver with full coverage can cost as much as $5,128

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Auto insurance prices for a Hyundai Santa Fe are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Opting for high physical damage deductibles can reduce prices by up to $550 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $351 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may only pay around $1,300 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers will have to pay at least $5,100 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,600 to $2,200 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost around 43% to 130% more than the average rate. View High Risk Driver Rates

The state you live in also has a big influence on Hyundai Santa Fe insurance rates. A middle-age driver might find prices as low as $900 a year in states like Iowa, Maine, and Idaho, or at least $1,960 on average in New York, Louisiana, and Michigan.

View Chart as Image

Since prices can be so different, the only way to know which car insurance is cheapest is to compare prices and see how they stack up. Every auto insurance company utilizes a different rate formula, and quoted prices may be quite different.

Insurance Rates by Trim Level and Model Year

Rates assume 2020 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Shop for Cheap Hyundai Santa Fe Insurance

Getting lower rates on auto insurance consists of not taking risks behind the wheel, having a good credit score, eliminating unnecessary coverage, and qualifying for all possible discounts. Invest the time to compare rates at every other renewal by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following is a brief summary of the concepts that were presented in the illustrations above.

• Drivers that tend to have accidents or serious violations pay on average $1,600 more annually for Santa Fe insurance
• Teens are the costliest to insure, with premiums as much as $427 a month if comprehensive and collision insurance is included
• Drivers can save approximately $170 per year simply by shopping early and online
• Increasing physical damage deductibles could save as much as $550 each year
• Drivers can save approximately $170 per year simply by shopping early and online

By shopping early for rates and increasing your deductible limits, you could save over $700 a year. However, having a poor driving record can raise your rates an average of $1,620.

Want to know what else determines the price of car insurance? Keep reading.

How does the size and class of the Hyundai Santa Fe affect liability rates?

How insurers calculate liability rates is important to understand, as every driver legally needs liability insurance. By shopping around and choosing a low-risk vehicle, you may see a significant drop in liability rates. What does liability insurance cover?

This important coverage protects you if you cause an accident. It will pay for both the other driver’s property damage bills, such as car repairs, as well as any medical bills the other driver may have.

Because of this, you may notice that you have higher rates if your vehicle is larger and heavier, or if your car is crash-prone. These types of vehicles have a higher risk of people filing liability claims.

The Hyundai Santa Fe is an SUV, which is sturdier and does more damage to other cars, but it is only mid-size, which lessens its risk of major liability claims. The only way to be sure a vehicle is low-risk, however, is to take a look at its insurance losses.

A great resource to check the losses on your vehicle is the Insurance Institute for Highway Safety’s (IIHS) data on insurance losses by make and model.

Since there are multiple different variations of the Hyundai Santa Fe, we pulled losses for all of them to get a better understanding of the model overall. The first set of losses are for property damage.

• Hyundai Santa Fe four-door: -1 percent (average)
• Hyundai Santa Fe four-door and 4WD: -3 percent (average)
• Hyundai Santa Fe sport four-door: -3 percent (average)
• Hyundai Santa Fe sport four-door and 4WD: -5 percent (average)

Even though all the losses are average, they are all in the negative, which is great. The losses for bodily injury losses are also good.

• Hyundai Santa Fe four-door: -3 percent (average)
• Hyundai Santa Fe four-door and 4WD: -12 percent (average)
• Hyundai Santa Fe sport four-door: -3 percent (average)
• Hyundai Santa Fe sport four-door and 4WD: -3 percent (average)

These losses suggest that liability insurance will be reasonable for the Hyundai Santa Fe, as they are all average. If your costs aren’t average (and you have a clean driving record), you should start looking for a new provider.

What does liability insurance cost for the Hyundai Santa Fe?

To give you a better estimate of what you’ll be paying for liability insurance, we went ahead and got sample rates from Geico. These rates are calculated from a 40-year-old male driver who lives in Pennsylvania, has a clean driving record, owns his 2020 Hyundai Santa Fe, and travels 13,000 miles a year.

The first set of rates below is for bodily injury liability (for a six-month policy).

• Low ($15,000/$30,000): $32.12
• Medium ($100,000/$200,000): $65.85
• High ($500,000/$500,000): $106.01

These price increases are fairly normal, and your coverage limit will increase significantly with upgrades. We do recommend getting medium or high coverage, as hospital bills are expensive. The last thing you want is to be sued because you can’t pay for all of the other driver’s hospital bills.

• Low ($5,000): $420.41
• Medium ($20,000): $445.35
• High ($100,000): $463.58

It only costs $43 to upgrade from low to high coverage. This amounts to only $7 a month. At a price this low, it makes sense to get as much protection as possible. A higher limit means less worry after an accident, as you won’t have to pay out of pocket (unless the car you wreck is a custom-made Lamborghini).

What are the safety features and ratings of the Hyundai Santa Fe?

What is the cheapest SUV to insure? Generally, SUVs that have numerous safety features and good crash ratings will be cheaper to insure, as you can get a discount.

The base model of the 2020 Hyundai Santa Fe has some decent safety features, which is good news. AutoBlog listed the following safety features for the 2020 Hyundai Santa Fe.

• Crash prevention: anti-lock brakes and stability control.
• Crash protection: front-impact airbags, side-impact airbags, overhead airbags, and seatbelt pretensioners.
• Anti-theft: vehicle intrusion alarm.

In addition to safety features, the vehicle crash rating of your Hyundai Santa Fe is also important. Hyundai Santa Fe reviews on safety help insurers determine if a car is risky to drive.

The IIHS’s crashworthiness tests on the 2020 Hyundai Santa Fe showed great results. Tests on small overlap front (driver and passenger sides) crashes, moderate overlap front crashes, side crashes, roof strength, and head restraints/seats were all rated as good (the highest rating possible). The video below shows an example of one of the IIHS’s tests.

Because of the Hyundai Santa Fe’s crash test results, the IIHS awarded it with the IIHS’s 2020 Top Safety Pick award. As well, since the Hyundai Santa Fe is an SUV, it has better fatality rates than cars. The IIHS’s 2018 data showed the following results for driver fatalities per million vehicles:

• SUVs: 23 fatalities
• Pickups: 34 fatalities
• Cars: 48 fatalities

SUVs have the lowest number of fatalities for drivers, as well as the lowest number of fatalities for all occupants per million vehicles (below).

• SUVs: 32 fatalities
• Pickups: 42 fatalities
• Cars: 69 fatalities

SUVs are usually safer in a crash than cars and pickups, as SUVs are sturdier. The list of fatalities below shows total SUV fatalities broken up by crash type.

• Frontal Impact: 2,784 fatalities
• Side Impact: 930 fatalities
• Rear Impact: 286 fatalities
• Other (mostly rollovers): 1,035 fatalities

The total number of SUV fatalities (5,035) is fewer than car fatalities (13,138), although slightly more than pickup fatalities (4,369). Overall, however, SUVs have a low number of fatalities, which means you are safer in an SUV and will likely have lower rates for medical car insurance coverage.

What is the MSRP of the Hyundai Santa Fe?

Insurers use the manufacturer suggested retail price to determine how much repairs or replacement will cost them if you wreck your Hyundai Santa Fe. The MSRP is a fixed price, so it’s more stable than the invoice price (the price the seller uses) or the fair purchase price (the price you should be paying).

Curious what you should be paying for a 2020 Hyundai Santa Fe? We took a look at Kelley Blue Book’s (KBB) prices to find out the MSRP, invoice price, and fair purchase price.

• MSRP: $28,945
• Invoice: $27,830
• Fair Purchase Price: $27,497
• Fair Market Range: $26,542 to $28,451

The MSRP is more than the invoice price and fair purchase price, which is normal. It’s important to shop around when you are looking for a new car, as it could save you a few thousand dollars (which can then be put towards car insurance).

In addition to the MSRP, the losses of your vehicle’s collision and comprehensive insurance will affect your rates. Both of these coverages pay for your car repairs, regardless of who caused the accident. Collision covers accidents with other vehicles or objects, while comprehensive covers accidents with animals, natural disasters, weather, vandalism, and theft.

If you lease your vehicle, your lender may force you to carry these two coverages. Make sure that you buy through a regular provider and not through your lender, as lenders will be more expensive.

So what are the losses of collision and comprehensive coverages? Let’s start with the IIHS’s data on collision losses.

• Hyundai Santa Fe four-door: -8 percent (average)
• Hyundai Santa Fe four-door and 4WD: -3 percent (average)
• Hyundai Santa Fe sport four-door: -9 percent (average)
• Hyundai Santa Fe sport four-door and 4WD: -4 percent (average)

Insurers are well aware of what the best and worst vehicles for overall collision losses are, so it’s important that your vehicle has good losses. The Hyundai Santa Fe’s collision losses are decent, so you should have a normal rate. The losses for comprehensive coverage are also good.

• Hyundai Santa Fe four-door: -13 percent (average)
• Hyundai Santa Fe four-door and 4WD: -3 percent (average)
• Hyundai Santa Fe sport four-door: -20 percent (better than average)
• Hyundai Santa Fe sport four-door and 4WD: -8 percent (average)

You may actually have a slightly cheaper rate for a sport, four-door Hyundai Santa Fe, as its loss is better than average. However, even if you don’t have this version, you should still have a decent rate.

How much will it cost to repair my Hyundai Santa Fe?

Every vehicle owner should take some time to research repair costs. If you aren’t prepared for yearly maintenance costs, your budget could suffer. Luckily, RepairPal’s reliability rating of the Hyundai Santa Fe is promising.

The Hyundai Santa Fe has a four out of five reliability rating and costs an average of $515 to repair annually (this includes maintenance costs like oil changes). This yearly maintenance fee is cheaper than the average annual repair costs for mid-size SUVs, which is $573.

Curious how much accident repairs will cost? We used InstantEstimator’s free tool to get level two damage repair costs for a 2020 Hyundai Santa Fe.

• Front bumper: $413
• Rear bumper: $423
• Hood: $387
• Roof: $471
• Front door: $391
• Rear door: $379
• Fender: $351
• Quarter panel: $363

The roof is the most expensive part to repair on the Hyundai Santa Fe, but it is still under $500. This isn’t bad, and the Hyundai Santa Fe’s repair costs are all fairly average. This is good news, as it means you should have an average car insurance rate.

Now that we are at the end of our guide to the Hyundai Santa Fe’s rates, you should have a better understanding of what to look for when shopping around for car insurance. If you want to start shopping for Hyundai Santa Fe rates today, enter your ZIP code in our free tool.