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Are Hyundai Velosters Expensive to Insure?

Key takeaways:

  • Full coverage costs around $1,406 a year or $117 each month
  • A liability-only policy costs around $564 a year or $47 each month
  • Highest rates are for teenage drivers at around $5,139 a year or $428 each month
  • Good drivers can save as much as $580 a year by earning policy discounts
  • Hyundai Veloster insurance costs around $113 less per year than the average vehicle

Hyundai Veloster insurance rates cost $117 per month for full coverage and $47 per month for liability-only coverage. Parents could pay up to $428 per month for teen drivers. However, you can save $580 a year through policy discounts. Continue reading to learn how you can be eligible for cheap Hyundai Veloster insurance rates.

You can start comparing quotes for Hyundai Veloster auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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Hyundai Veloster Insurance Cost

The average Hyundai Veloster auto insurance costs are $1,406 a year or $117 a month.

Are Hyundai Velosters Expensive to Insure?

The chart below details how Hyundai Veloster insurance rates compare to other coupes like the Mercedes-Benz CLA 250, Dodge Challenger, and Audi S5.

Vehicle Comprehensive Collision Liability Total
Mercedes-Benz CLA 250 $406 $834 $398 $1,796
Dodge Challenger $404 $688 $420 $1,692
Audi S5 $394 $864 $398 $1,814
Audi TT $382 $714 $398 $1,652
Nissan 370Z $332 $714 $450 $1,676
MINI Hardtop 2 Door $282 $536 $338 $1,292
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However, there are a few things you can do to find the cheapest Hyundai insurance rates online.

What Impacts the Cost of Hyundai Veloster Insurance?

You might have noticed that there is a multitude of factors that impact Hyundai Veloster auto insurance rates. Your age, location, driving record, and model year all play a role in what you will ultimately pay to insure the Hyundai Veloster.

Age of the Vehicle

Older Hyundai Veloster models generally cost less to insure. For example, auto insurance for a 2017 Hyundai Veloster costs $1,406, while 2012 Hyundai Veloster insurance costs are $1,246, a difference of $160.

Model Year Comprehensive Collision Liability Total
2017 Hyundai Veloster $308 $524 $416 $1,406
2016 Hyundai Veloster $298 $502 $430 $1,388
2015 Hyundai Veloster $282 $484 $442 $1,366
2014 Hyundai Veloster $270 $450 $452 $1,330
2013 Hyundai Veloster $260 $424 $456 $1,298
2012 Hyundai Veloster $248 $380 $460 $1,246
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Driver Age

Driver age can have a significant impact on Hyundai Veloster auto insurance rates. For example, 20-year-old drivers pay approximately $1,719 more each year for their Hyundai Veloster auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Hyundai Veloster insurance rates. For example, drivers in New York may pay $857 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of Hyundai Veloster auto insurance. Teens and drivers in their 20’s see sees the highest jump in their Hyundai Veloster auto insurance with violations on their driving record.

Hyundai Veloster Safety Ratings

The Hyundai Veloster’s safety ratings will affect your Hyundai Veloster auto insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Good
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety
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Hyundai Veloster Crash Test Ratings

Not only do good Hyundai Veloster crash test ratings mean you are better protected in a crash, but good Hyundai Veloster crash ratings also mean cheaper insurance rates.

Vehicle Tested Overall Frontal Side Rollover
2020 Hyundai Veloster N 3 HB FWD N/R N/R N/R N/R
2020 Hyundai Veloster 3 HB FWD N/R N/R N/R N/R
2019 Hyundai Veloster N 3 HB FWD N/R N/R N/R N/R
2019 Hyundai Veloster 3 HB FWD N/R N/R N/R N/R
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Hyundai Veloster Safety Features

Most drivers don’t realize that not only do Hyundai Veloster safety features play a vital role in keeping passengers safe in crashes, but they can also help lower Hyundai Veloster auto insurance rates. The Hyundai Veloster’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control
  • Lane Departure Warning
  • Lane Keeping Assist

Hyundai Veloster Insurance Loss Probability

The Hyundai Veloster’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the Hyundai Veloster, others are more favorable and lead to lower insurance rates.

Insurance Coverage Category Loss Rate
Collision 9%
Property Damage 12%
Comprehensive -12%
Personal Injury 12%
Medical Payment 29%
Bodily Injury 16%
Source: Insurance Institute for Highway Safety
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Hyundai Veloster Finance and Insurance Cost

If you are financing a Hyundai Veloster, you will pay more if you purchase Hyundai Veloster auto insurance at the dealership, so be sure to shop around and compare Hyundai Veloster auto insurance quotes from the best companies using our FREE tool below.

Ways to Save on Hyundai Veloster Insurance

There are several ways you can save even more on your Hyundai Veloster auto insurance rates. Take a look at the following five tips:

  • Save Money on Young Driver Hyundai Veloster Insurance Rates By Mentioning Grades or GPA
  • Buy a Hyundai Veloster with an Anti-Theft Device
  • Understand the Different Types of Auto Insurance for Your Hyundai Veloster
  • Ask About a Student Away from Home Discount
  • Don’t Assume your Hyundai Veloster is Cheaper to Insure than another vehicle. Compare. Compare. Compare.

Top Hyundai Veloster Insurance Companies

Who is the top auto insurance company for Hyundai Veloster insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Hyundai Veloster auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Hyundai Veloster offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Hyundai Veloster Insurance Quotes Online

You can start comparing quotes for Hyundai Veloster auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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