How much does insurance cost for a 2024 Hyundai Santa Fe?

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When most people shop for a car, the focus is usually on the sticker price, gas mileage, or features. But insurance is a big part of the total cost of ownership – and it can vary a lot.

Full coverage – liability, collision, and comprehensive – costs $2,316 per year ($193 per month) with 100/300/100 limits and $500 deductibles.

2024 Hyundai Santa Fe insurance premiums by state

Insurance rates can look very different depending on where you live. Your ZIP code plays just as big a role in what you pay as factors like your age or driving record. That means the cost to insure a Santa Fe in California could be much higher-or lower-than in Florida.

Below, we break down the states where car insurance is the most affordable, and where it’s the most expensive.

Cheapest states to insure a 2024 Hyundai Santa Fe

Idaho has the cheapest car insurance rates for 2024 Hyundai Santa Fe drivers at an average cost of $1,484 a year or $124 per month. Other affordable states include Hawaii, Ohio, Maine and Vermont.

The table below shows the cheapest states to insure a 2024 Hyundai Santa Fe.

State name	Average annual premium
Idaho	$1,484
Hawaii	$1,549
Ohio	$1,582
Maine	$1,620
Vermont	$1,641

Most expensive states to insure a 2024 Hyundai Santa Fe

Louisiana is the most expensive states for car insurance at $3,750 a year, followed by Texas with an average annual cost of $3,641 and Colorado at $3,067. The table below shows which states have the most expensive 2024 Hyundai Santa Fe insurance rates.

State name	Average annual premium
Louisiana	$3,750
Texas	$3,641
Colorado	$3,067
California	$3,012
Michigan	$3,004

2024 Hyundai Santa Fe insurance premiums by trim level

Insurance rates also vary by trim. Higher trims often come with more powerful engines, luxury tech, and a bigger price tag – all of which can push premiums higher.

Below, you’ll see how car insurance rates for the 2024 Hyundai Santa Fe compare across trim levels.

Trim	Average annual premium
Santa Fe Calligraphy	$2,411
Santa Fe Limited	$2,401
Santa Fe SE	$2,203
Santa Fe SEL	$2,230
Santa Fe XRT	$2,355

Factors that influence 2024 Hyundai Santa Fe insurance premiums

Insurance rates for a 2024 Hyundai Santa Fe aren’t set in stone. What you’ll pay depends on things like the car’s age, the trim you choose, who’s behind the wheel, and the coverage limits in the policy. Here’s a closer look at the factors that make a difference.

Vehicle-related factors

Vehicle value. Newer or pricier models cost more to insure.
Repair costs. Higher repair or parts costs drive up premiums.
Safety ratings. Strong crash-test results and advanced safety features may reduce rates.
Theft risk. Models frequently targeted by thieves cost more to cover.

Driver-related factors

Age and gender. Younger drivers usually pay more.
Location. City drivers face higher premiums than rural drivers.
Driving history. Clean records lower costs, while tickets and accidents increase them.
Annual mileage. More time on the road means more risk, and higher premiums.

Policy-related factors

Coverage level. Full coverage costs more than liability-only, but offers broader protection.
Deductible amount. Higher deductibles lower premiums but increase out-of-pocket costs after a claim.
Optional add-ons. Coverage like roadside assistance, gap insurance, or rental reimbursement adds convenience but raises the total premium.

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Cheapest insurance companies for a 2024 Hyundai Santa Fe

GEICO offers the lowest average premium for a 2024 Hyundai Santa Fe at $1,864 per year. Other companies with competitive rates include Progressive, State Farm, and Nationwide.

The table below shows the companies with the most affordable 2024 Hyundai Santa Fe insurance rates.

Company group	Average annual premium
GEICO	$1,864
Progressive	$1,890
State Farm	$2,018
Nationwide	$2,172
Farmers	$2,889
Allstate	$3,163

How to lower 2024 Hyundai Santa Fe insurance premiums

Looking to save? Here are some practical ways to cut your costs.

Shop around for quotes. Each insurer calculates risk differently.
Adjust your coverage. If the car is older or you don’t drive often, lowering limits or dropping extras may save you money.
Raise your deductible. This lowers premiums but means paying more after a claim.
Take advantage of discounts. Safe driving, bundling home and auto, low mileage, and built-in safety features can all qualify.
Keep a clean record. Tickets and accidents can send rates soaring, while safe driving helps keep them low.
Try usage-based insurance. Some companies offer discounts if you opt into telematics programs that track driving behavior.

Santa Fe insurance premiums by model year

Insurance rates also change depending on the model year. Newer vehicles typically cost more to cover because they have higher values and more complex technology, which can make repairs expensive. Industry-wide labor and repair costs have also risen over time, driving premiums higher across all years.

Below, you can compare average insurance premiums for the 2024 Hyundai Santa Fe by model year.

Model year	Average annual premium
2014	$1,737
2015	$1,839
2016	$1,865
2017	$1,965
2018	$2,010
2019	$2,012
2020	$2,044
2021	$2,118
2022	$2,181
2023	$2,198
2024	$2,316

How expensive is it to insure a 2024 Hyundai Santa Fe?

It costs an average of $2,316 per year to insure a 2024 Hyundai Santa Fe, which is $347 less than the national average of $2,663.

Insurance premiums are influenced by many factors, including the vehicle’s make and model. The best way to find savings is to compare quotes from several insurers, ensuring you get coverage that balances affordability with solid protection for a 2024 Hyundai Santa Fe.

Methodology

Insure.com commissioned Quadrant Information Services to gather insurance rates for new and used vehicles. Rates are based on a 40-year-old male driver with full coverage (100/300/100 limits and $500 deductibles for collision and comprehensive). The data set includes 1,661 makes and models, more than 67 million quotes from 57 companies, and 510 ZIP codes nationwide. These numbers are for comparison purposes only – your actual rate may differ.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

On this page

2024 Hyundai Santa Fe insurance premiums by state
2024 Hyundai Santa Fe insurance premiums by trim level
Factors that influence 2024 Hyundai Santa Fe insurance premiums
Cheapest insurance companies for a 2024 Hyundai Santa Fe
How to lower 2024 Hyundai Santa Fe insurance premiums
Santa Fe insurance premiums by model year
How expensive is it to insure a 2024 Hyundai Santa Fe?
Methodology