How Much Is Car Insurance for a Hyundai Veloster?
If you drive a Hyundai Veloster, you probably love its stylish three-door design, which includes a handy hatchback for easy access to the cargo area. This compact car, made by South Korean manufacturer Hyundai Motor Company, is a popular choice for its versatility and practical features.
Having auto insurance is essential to protect your vehicle in case of accidents and other unexpected events. The average cost of liability auto insurance for a Hyundai Veloster is $60 per month, while full coverage costs around $183 per month. Comparatively, the national monthly average cost for a basic plan is $52 and $168 for full coverage.
At Freeway Insurance, we specialize in finding the most affordable insurance solutions and effective discounts for all drivers, regardless of their driving record or situation. Whether you have tickets, DUIs, or any other circumstance, we can help you get the coverage you need. Explore this guide and start saving today!
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Comparing Insurance Costs for the Hyundai Veloster to Other Hatchback Vehicles
Insurance companies take various factors into account, like the make, model, and year of your car, as well as whether it’s a sedan or a hatchback when figuring out your rates. This is because repair and replacement costs can differ, leading to varying premiums for similar cars. Have a glance at the chart below to compare how your Hyundai Veloster measures up against other compact cars when it comes to coverage prices.
Make/Model | Annual Full Coverage |
---|---|
Hyundai Veloster | $1,624 |
Mini Cooper | $1,597 |
Honda Civic Hatchback | $1,920 |
Toyota Corolla Hatchback | $1,622 |
Mazda3 Hatchback | $1,062 |
Types of Car Insurance Coverage for a Hatchback Sport Car
When it comes to protecting your Hyundai Veloster, you’ve got choices to make. There are various types of auto insurance to suit your specific needs. You have the flexibility to tailor your policy with different extras and coverage limits, but the basic options are the minimum liability and a full plan.
Full Coverage
Full car insurance provides comprehensive protection for you and your Hyundai at an average cost of $183. This type of auto insurance not only covers liability for damages to others but also includes protection against natural disasters, theft, and vandalism, offering you peace of mind in unforeseen situations. Additionally, with collision coverage as part of the package, you can rest assured that any repair or replacement costs for your Veloster will be covered in the event of an accident.
For instance, imagine you’re parked outside your home when a severe hailstorm strikes, causing significant damage to your Hyundai’s exterior. With full insurance, you can file a claim and have the repair costs covered, saving you from a hefty financial burden and ensuring that your Hyundai looks as good as new after the hailstorm.
State Minimum Liability
You can get basic liability auto coverage for about $60 monthly. This plan is ideal if you’re primarily concerned with meeting state auto insurance laws and covering third-party damages. Just consider that if you end up causing a crash, your own ride won’t get the cover under this plan. But, your insurer will still swoop in to handle the other person’s losses, as long as they’re within your coverage limits.
So, let’s say you accidentally bump into another vehicle and it’s your fault, for example in a fault state like Texas. If you have minimum liability coverage, your insurance will cover the other driver’s repair costs and medical bills up to the policy limits, typically $30,000 for one person’s injuries or death, $60,000 for all bodily injury claims, and $25,000 for property damage. However, if you had full coverage, not only would their expenses be taken care of, but your own car repair expenses would also be covered, giving you that extra financial protection in case of an accident.
Individual Factors That Influence Pricing for a Hyundai Veloster
There are several factors that influence your insurance rates. Some of these elements, such as your driving habits, driving record, or credit history, are within your control. However, there are also uncontrollable factors, like your age, that can affect your final cost.
Here are some of the factors considered when calculating the price of your policy:
Age of Your Vehicle
The Hyundai Veloster appeared in the American market in 2011 and was discontinued in 2022. The cheapest car insurance for this model is for the most recent models, while the most expensive is for those from 8 or 10 years ago, as their parts are harder to find.
Your Age
Teenagers and young adults often pay more for vehicle protection than those in their mid-twenties or older due to their limited driving experience. For example, insuring a Veloster with basic coverage can cost an 18-year-old around $115 per month, while a 40-year-old driver pays an average of just $67.
Deductible
When it’s time to make a claim, you’ll need to cover a specific amount before your insurance coverage begins – this is your deductible. Opting for a higher deductible can lower your monthly premiums, while going with a lower deductible will mean higher monthly payments.
How Does a DUI Affect Rates?
Driving under the influence is a dangerous decision with serious repercussions. From increasing the likelihood of accidents to facing harsh consequences if caught, the aftermath can be harsh.
Here are some potential consequences of driving under the influence:
- Penalties and fines
- License suspension
- Vehicle impoundment
- Being classified as a high-risk driver
- Elevated premiums for an extended period
What Are Some Car Coverage Discounts for a Compact Vehicle?
Looking to get cheap car insurance? Your Freeway local agent has your back. They’ll review your driving record to check for eligibility for a safe driver discount. And don’t forget, bundling your auto plan with homeowners insurance could lead to a multi-policy discount.
Keep in mind that different insurers offer a variety of auto insurance discounts, including:
- Those attending school may qualify for a special student discount.
- Paying your premium in full upfront could earn you a discount.
- Long-term customers may be eligible for a loyalty discount.
Remember, exploring these options can help you save on your policy while getting the coverage you need.
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What Are Some of the Characteristics of the Hyundai Veloster?
Launched in 2011, the Veloster attracted a younger crowd with its design and tech-savvy features like the Blue Link system and optional dual-clutch transmissions. Drivers loved its performance during the first generation from 2011 to 2018, including engine options such as the 1.6-liter Gamma GDI I4 and Turbo model, making for a fun driving experience.
In the second generation, safety got a boost with new standard features like forward-collision warning and lane-keeping assist. The 2019 release of the Veloster N with its 6-speed manual transmission was a hit, later upgraded to an 8-speed wet dual-clutch. Sadly, in 2022, Hyundai said goodbye to the Veloster to focus on models like the Kona.
Find the Best Car Rates Online for the Hyundai Veloster Today
You own a unique vehicle that deserves to be well taken care of and maintained. Remember that with Freeway Insurance, it will not cost you more.
Contact us at 800-777-5620 for assistance from our bilingual agents, or visit one of our conveniently located offices. If you value speed and convenience, start an auto insurance quote online. Switch to us and begin saving!