Hyundai Equus Car Insurance

How much are Hyundai Equus car insurance rates?

The Hyundai Equus is on the more expensive end of the price range, with 2016 models starting at $61566.

We looked at thousands of car insurance quotes on Way.com and found that the average cost to insure a Hyundai Equus is $2124 per year. So how do car insurance prices for Equus compare to those for other similar cars?

On average, Equus drivers expect to pay about $1116 a year for liability insurance and about $2268 for full coverage, including comprehensive and collision coverages and liability.

How does Hyundai Equus car insurance rank?

If you want to buy a Hyundai Equus, do some research first. Insurance is just one of the costs of buying a new car, but it's one that you should consider.

See how the Hyundai Equus stacks up against other cars in the table below:

Overall, the Hyundai Equus is more expensive than most new cars. Its MSRP is a quarter more than the average price for a new car. The Equus costs $61,500, a bit more than the average MSRP of a vehicle in the United States, which is $41,076.

Equus's insurance rates are slightly lower than average compared to the rest of the car market. For example, for a Hyundai Equus, liability insurance costs about $432 less per year than average, and full coverage costs about $3 less per month.

Hyundai Equus drivers drive about the same miles yearly as the national average, 11,673 miles for all cars and 11,461 miles for the Equus.

What is the cheapest Hyundai Equus insurance?

You may wonder which insurance provider offers the best rates for protecting your Hyundai Equus. Unfortunately, there is no such thing as a firm that offers the lowest rates for everyone. Yet, AnswerFinancial often has the lowest average rates for liability-only insurance at just $468 per year. TwentyFirstCentury is the next-cheapest insurer, with annual premiums as low as $576.

Mercury, Safeco, and Shelter Mutual make up the last three spots in the top five. However, even though these five companies have the lowest average rates, they may still be the cheapest.

Factors affecting Hyundai Equus insurance premiums

Auto insurance companies look at many factors when determining how much you'll pay each month. So the only way to be sure you're getting the best deal on car insurance is to compare quotes from different companies.

As we've already mentioned, car insurance companies consider several things when deciding how much to charge for insurance. But, of course, some things are more important to some companies than others, so no one company's the cheapest for everyone.

Read on to find out what factors auto insurers look at and how they affect your final rate:

Hyundai has made the Equus for a long time, so the car's age may affect how much you pay for car insurance. Older cars are usually cheaper to insure than newer ones because they are worth less. So as time goes on and the value of Equus continues to go down, insurance costs will gradually go down.

Based on the information in the table above, this is not true for the Hyundai Equus. The cheapest models to insure are less than a year old, while the most expensive models are, on average, 8 to 10 years old.

Age also greatly affects how much car insurance companies will charge you. Based on what we know, the rates are higher for the youngest Equus drivers than for drivers with more road experience.

As you get older, your car insurance costs go down. For Equus drivers, the cheapest age group is between 45 and 54.

Did you know that women usually pay less than men for car insurance? This is because women are less likely to get into accidents and get tickets, which makes it less likely that they will need to claim their insurance. However, when it comes to drivers of Equus cars, men pay about 40% more per month for insurance than women do.

You already know that the type of car you drive and your age affect how much you pay for car insurance, but you may need to know how much your location impacts your premiums. Since insurance regulations are often established at the state level, costs might vary widely depending on where you live.

As an illustration, liability insurance for a New York-registered Hyundai Equus costs roughly $1692 annually. Meanwhile, the same Californian buyer will spend significantly less.

No matter how old you are, what kind of car you drive, or where you live, it's important to use as many discounts as possible on your car insurance policy.

Hyundai Equus prior model year insurance rates

We've covered a lot of ground in this discussion of the factors determining your auto insurance premium. However, Equus should be at the top of your list if you're looking for a new car, truck, or SUV. Knowing the average price of the car you're considering is helpful.

For this reason, we did the arithmetic and sorted Hyundai Equus insurance costs by model year. Please choose the desired model year from the list below to view liability-only and full coverage premiums and their respective mean and standard deviations. In addition to the base MSRP for each model year of the Equus on the market, we've included information like the available trim levels, who has the cheapest insurance, and which states offer the most affordable coverage.

Full coverage for a 2016 Hyundai Equus will cost about $166 per month, while average liability-only coverage will cost about $53 per month. MetLife has prices for the 2016 Hyundai Equus that are sometimes as low as $576 per year.

These mean rates are a good benchmark if you're shopping for a 2016 Hyundai Equus. Still, your actual premiums will depend on various specifics.

Insurance for a 2015 Equus will cost an average of $1476 a month for liability coverage and $2304 a month for full coverage. If you want the cheapest insurance for a 2015 Hyundai Equus, Gainsco has the cheapest policy, with rates as low as $720 per year.

On average, drivers who own a 2014 Hyundai Equus can expect to pay $828 to $2196 yearly for liability only and full coverage auto insurance, respectively. We found that AnswerFinancial had the most affordable policies, with rates as low as $27 per month.

Liability-only insurance for a 2013 Equus costs about $88 per month, while full coverage costs about $201 per month. With rates as low as $24 a month, Mercury's policy was the cheapest one we could find.

For a 2012 Hyundai Equus, a liability policy costs about $69 a month, and a full coverage policy costs about $184. Looking for the least expensive plan? MetLife sometimes sold liability-only insurance for as little as $58 a month.

On average, drivers who own a 2011 Equus can expect to pay between $1944 and $2196 monthly for liability-only and full-coverage auto insurance, respectively. Gainsco had the cheapest policy for the 2011 Hyundai Equus, with monthly rates as low as $24.

Insurance for Hyundai Equus - How to get it through Way.com

Determining which insurance provider provides the most appropriate protection for your needs can be an uphill battle. Travelers, Farmers, and Allstate are all solid options for Hyundai owners, but shop about for the best cost possible.

Every insurer employs a slightly different formula to determine how much you'll have to pay for coverage. For example, one car insurance provider might give you a discount for installing anti-lock brakes, while another would base their decision on your spotless driving record.

That's why you must compare different insurance plans. Way.com can gather your quotes if you'd rather not spend a day on the phone doing it.

Bottomline

Compared to Hyundai's other models, the Equus is about the same rest. However, compared to other brands, insurance for an Equus is also on the pricey side, with liability-only insurance costing about 1% more and full coverage costing about 1% more.

The least expensive Hyundai Equus to insure is the 2011 model, which costs an average of $1224 a month for standard coverage. However, the 2016 Hyundai Equus costs an average of $1584 monthly to insure with standard coverage. Therefore, it is the most expensive Hyundai Equus to insure.