Hyundai Equus Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Hyundai Equus costs about the same to insure as the average car.

• Liability only insurance prices for an Equus average about $84 monthly, while full coverage generally averages around $178 per month.

• The most affordable auto insurance company for an Equus is AnswerFinancial, who offers Equus owners premiums as low as just $27 a month.

Equus Overview

With 2016 models starting at $61,500, the Hyundai Equus is on the more expensive end of the spectrum.

We analyzed thousands of car insurance quotes on Compare.com, and we've found that Hyundai Equus insurance rates run about $167 per month, on average. How do car insurance prices for the Equus compare to premiums of other similar cars?

How Much is Car Insurance for a Hyundai Equus?

In the table above, you'll find that auto insurance rates for a Hyundai Equus are around average compared to other vehicles on the road. On average, Equus drivers can expect to pay about $84 monthly for liability insurance, and around $178 per month for full coverage, which has comprehensive and collision coverages in addition to liability (discover more about the difference with our guide "State Minimum vs. Full Coverage").

When compared to other models, the Equus is on par with the other vehicles in Hyundai's lineup. Compared to offerings from other brands, car insurance for an Equus is similarly on the expensive side, with liability only insurance prices coming in about 1% more and 1% more for full coverage.

When compared to all vehicles, regardless of make, body style, or model, auto insurance premiums for both liability only and full coverage policies run higher than average.

Who has the Cheapest Car Insurance for a Hyundai Equus?

If you're browsing for an auto insurance policy for a Hyundai Equus, you're probably wondering which carrier offers the cheapest rates. Although there will never be one company that offers the cheapest rates for everyone, the lowest average rates for liability only insurance are sometimes just $27 a month from AnswerFinancial. The next lowest carrier is TwentyFirstCentury, who offers insurance as little as just $35 monthly.

Finishing off the rest of the top 5 are Mercury, Safeco, and Shelter Mutual. However, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Auto insurance companies take a multitude of different things into consideration when calculating monthly prices. The only way to guarantee you'll find the cheapest rates is to compare quotes from a variety of auto insurance carriers.

What Factors Affect Car Insurance Rates for a Hyundai Equus?

As we mentioned above, there are a range of factors that car insurance companies take into account to choose how much they charge for insurance -- and each company weighs different pieces more heavily than others, so there's not one single carrier that's the lowest for everyone.

Keep reading to learn which variables car insurance carriers look at and how they affect your final rate:

Vehicle Age

Hyundai has been making the Equus for quite some time, so the car's age may make a big difference in how much you'll pay for auto insurance. Generally, older cars will be cheaper to insure because they're worth less than newer models, and as time goes on and Equuses continue to depreciate, insurance costs will gradually decrease.

Based on the information in the above table, the Hyundai Equus does not follow this trend, as the cheapest models to insure are those that are 1 year old or less, while the most expensive models are 8 to 10 years old, on average.

Your Age

Age is another factor that makes a significant difference in how much insurance companies will charge you for auto insurance. Based on the information above, the youngest Equus drivers have higher rates than drivers with more experience on the road. In this case, drivers aged between 18 and 24 pay over three times as much as those 25 or older.

Car insurance prices continue to get lower as you get older, with the cheapest age group being 45-54 for Equus drivers.

Your Gender

Did you know women tend to pay less for car insurance than men? This is because women are less likely to get into accidents and get tickets, which lowers the chances of an insurance claim. When it comes to Equus drivers specifically, men pay around 40% more than women a month for insurance.

Where You Live

You were probably already aware that things such as what vehicle you drive and how old you are play a role in your auto insurance premiums, but you may not realize that where you live can matter just as much. Since insurance is regulated on a state-by-state basis, prices can change quite a bit depending on what state you reside in.

For example, the average Hyundai Equus driver in New York pays about $132 monthly for liability coverage. Meanwhile, on average, the same owner from California will pay less than a third of that price.

Hyundai Equus Car Insurance Discounts

No matter your age, your car, or your home state, using as many discounts as possible when it comes to your car insurance policy is always important.

While no two auto insurance carriers offer the same exact discounts, there are a few that you'll find with most insurers. These include things like:

• Multi-vehicle discounts for adding more than one car to your auto policy
• Pay-in-full discounts for choosing to pay your entire policy rate at once, rather than in monthly installments
• Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution
• Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher than average safety ratings

While these are just a few of the discounts insurance companies offer, there are countless other ways to save money on you monthly insurance bill.

Even though you can't control every variable car insurance carriers examine to calculate premiums (like some of the ones mentioned above), you do have a say over some of them. Below are just a few of the ones you can use to your favor when it comes to saving cash:

Your Driving Record

You've probably observed ads from auto insurance companies promoting large savings for safe drivers. It follows that if you get into an accident or get speeding tickets, insurance prices will increase. But you're probably wondering exactly how much these infractions will cost you.

If you look at the table above, you'll see that accidents will usually cost Equus drivers less than tickets, but both will result in higher than average rates. Hyundai Equus drivers with a single accident on their record pay about $65 per month, while drivers with one ticket will pay an average of $68 a month. Those who have more than one of either violation will end up paying even more.

How Much You Drive

Another factor that impacts your car insurance rates is how much you drive. Drivers who are on the roads less are less likely to get into accidents, so they'll normally get cheaper prices. In the table above, you can see that Hyundai Equus owners who drive fewer than 2,500 miles each year pay an average of $77 per month for auto insurance, while those who put 10,000 miles or more on their cars pay $93.

If you don't drive much because you work from home or have a second vehicle, it may be worth considering usage-based or pay-per-mile car insurance. With these kinds of plans, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

How Do Hyundai Equuses Compare to Other Vehicles?

If you're thinking about purchasing a Hyundai Equus, it might be helpful to do your research. Insurance is just one cost that comes with a new car purchase, but it's certainly one that's worth considering.

Visit the table below to see how the Hyundai Equus compares:

Overall, the Hyundai Equus is on the more expensive side when it comes to price, with an MSRP that's a quarter more than the going rate for a new vehicle. The Equus comes in at $61,500, a bit more expensive than the national average vehicle MSRP of $41,076.

Unlike the Equus's higher price, insurance rates run slightly below average when compared to the rest of the vehicle market. Liability insurance for a Hyundai Equus is around $28 per month less than average, while full coverage is $3 less monthly.

When it comes to usage, Hyundai Equus drivers are near the national average in annual miles driven, with 11,673 miles every year for all vehicles compared to the Equus's 11,461 a year.

Hyundai Equus Car Insurance Costs by Model Year

We've gone over many of the variables that can have an impact on what you'll pay for car insurance. But if you're in the market for a new car, truck, or SUV and the Equus is on your wishlist, knowing what you can expect to pay for the specific vehicle you're looking at is extremely valuable as you weigh your choices.

That's why we've crunched the numbers and broken down Hyundai Equus insurance premiums by model year. Find the model year you want in the dropdown to see average rates for both liability only and full coverage options. We've also included some other helpful info that might help you make a decision, like which trim levels are offered, who offers the most affordable policies, and the base MSRP for each year the Equus has been around.

2016 Hyundai Equus Car Insurance

You can expect full coverage for a 2016 Hyundai Equus to run about $166 per month, while liability only coverage will average around $53 a month.

MetLife has prices sometimes as low as $32 per month for the 2016 Hyundai Equus.

These average premiums are a great starting point if you're in the market for a 2016 Hyundai Equus, but there are a range of factors that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

2015 Hyundai Equus Car Insurance

2015 Equus drivers can expect to pay an average of $108 a month for liability or $172 for full coverage.

If you're looking for the lowest possible 2015 Hyundai Equus insurance policy, Gainsco offered the lowest policy we found, with rates as little as $43 monthly.

Interested in just how much you'll pay? Get multiple free personalized quotes by just entering your ZIP code below.

2014 Hyundai Equus Car Insurance

On average, drivers who own a 2014 Hyundai Equus can expect to pay $57 to $164 a month for liability only and full coverage auto insurance, respectively.

We found AnswerFinancial offered the cheapest policy, with rates sometimes as little as $27 per month.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

2013 Hyundai Equus Car Insurance

The average cost to insure a 2013 Equus with liability only coverage is $88 monthly, while full coverage runs about $201 per month.

With rates as cheap as $24 a month, Mercury offered the most affordable policy we found.

Interested in what your insurance premium will be? Enter your ZIP code below to get several customized quotes for free.

2012 Hyundai Equus Car Insurance

It costs around $69 monthly for liability or $184 for a full coverage policy for the 2012 Hyundai Equus.

Looking for the cheapest policy? MetLife offered liability only coverage for sometimes as cheap as $58 a month.

If you want to know just how much your price will be, get free quotes in minutes by just entering your ZIP code below.

2011 Hyundai Equus Car Insurance

On average, drivers who own a 2011 Equus can expect to pay $137 to $170 per month for liability only and full coverage auto insurance, respectively.

With premiums as low as $24 monthly, Gainsco offered the lowest policy we found for the 2011 Hyundai Equus.

While these are good estimates of what the average driver might pay to insure a 2011 Hyundai Equus, these rates might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

Hyundai Equus Insurance FAQs

Is a Hyundai Equus expensive to insure?

It costs about the same to insure a Hyundai Equus as insuring the average vehicle. Liability insurance runs an average of $84 a month, while full coverage will cost you around $178.

How can I get the best price on car insurance for my Hyundai Equus?

The only way to guarantee you're getting the most affordable price on car insurance is to check prices regularly and compare quotes from quite a few carriers. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from a lot of companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Hyundai Equus affect my insurance rates?

You may have heard the old adage that it costs more to insure a red car, but that's actually a myth. While there are lots of things insurance carriers use when they offer premiums, your car's color is not one of them.

Do I need to have insurance before I buy a Hyundai Equus?

You'll need to have a valid car insurance policy before you can legally drive your new (or new to you) vehicle off the dealership lot. Some dealerships will offer you a car insurance policy as part of the buying process, but the best thing to do when buying a a new car is to talk with your auto insurance company ahead of time.

What car insurance discounts can I get for my Hyundai Equus?

You will find tons of discounts out there for car insurance. Many of them (like "multi-vehicle discounts" and "safe driver discounts") are more based on you than the Hyundai Equus you drive, but if your Equus has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may qualify for certain discounts. You'll only know about which discounts you qualify for if you contact your insurance carrier and ask about their discounts, since they shift quite a bit from company to company.