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

Looking at average rates, Hyundai Palisade drivers usually pay about $154 monthly for car insurance. Check out our new guide to know how much auto insurance companies might charge you to insure your Hyundai Palisade.

Quick Facts

  • It costs more to insure a Hyundai Palisade than the average SUV.

  • Liability insurance for a Palisade runs around $90 a month, while full coverage typically comes in at about $170 per month.

  • Aspire is the most affordable car insurance company for a Palisade with a national average of just $26 monthly for liability only coverage.

Palisade Overview

The Hyundai Palisade is a great budget-friendly SUV for drivers of all types, with new 2022 models starting at $35,500. There are four different trim levels currently available, so you'll drive off the dealership lot in style.

We ran through thousands of auto insurance quotes on Compare.com, and we've found that Hyundai Palisade insurance premiums run around $154 per month, on average. How do car insurance prices for the Palisade compare to rates of other similar SUVs?

Current Base Price$35,500
Body Style(s)SUV
Trim LevelsCALLIGRAPHY, SE, LIMITED, SEL
Average Insurance Premium$154/mo.
Cheapest Insurance CompanyAspire

How Much is Car Insurance for a Hyundai Palisade?

Vehicle Liability Only Full Coverage
Hyundai Palisade$90$170
All Hyundai Models$88$174
All SUVs$81$152
Average Insurance Premium$81$169

Based on the table above, compared to other vehicles on the road, Hyundai Palisade insurance prices are about average. On average, Palisade owners will pay around $90 a month for liability insurance, and about $170 per month for full coverage, which has comprehensive and collision coverages in addition to liability (find out more about these different types of insurance with our guide "State Minimum vs. Full Coverage").

Compared to other models, the Palisade matches the other vehicles in Hyundai's lineup. Compared to SUV offerings from other brands, auto insurance for a Palisade is similarly on the expensive side, with liability only insurance premiums coming in around 11% more and 12% more for full coverage.

Compared to all vehicles, regardless of make, body style, or model, the Palisade has higher rates than average for both liability only and full coverage insurance.

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Who has the Cheapest Car Insurance for a Hyundai Palisade?

Insurance Company Average Monthly Premium
Aspire$26
Kemper$35
AmericanAlliance$36
Apparent$36
Clearcover$37

If you're in the market for a car insurance policy for a Hyundai Palisade, you might be most interested in which carrier offers the most affordable prices. While premiums can change considerably depending on your driver profile, Aspire offers the cheapest average rates for liability only coverage, with rates sometimes as low as $26 monthly. The runner up for lowest rates is Kemper, with car insurance policies starting as low as just $35 a month.

The third, fourth, and fifth carriers on the list are AmericanAlliance, Apparent, and Clearcover. But just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Hyundai Palisade.

Insurance carriers take a bunch of different variables into consideration when calculating how much to charge you. There's only one way to make sure you find the cheapest possible rates, and that's by checking quotes from lots of auto insurance companies.

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What Factors Affect Car Insurance Rates for a Hyundai Palisade?

There are a wide array of pieces that insurance carriers consider to choose how much they charge you for auto insurance -- and each company uses a different algorithm, so there's not one single carrier that's the most affordable for every driver.

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

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$90
2-3 YearsNot Enough Data
4-5 YearsNot Enough Data
6-7 YearsNot Enough Data
8-10 YearsNot Enough Data
11-14 YearsNot Enough Data
15 Years or OlderNot Enough Data

Since the Hyundai Palisade has only been around for one model year, vehicle age won't come into play the same way it might for other vehicles. Generally, it costs more to insure newer cars because they're worth more, however, as time goes on and Palisades begin to depreciate, insurance costs will gradually go down.

Next year, we'll have a better idea of the differences in prices for each model year, but for now we see that a Palisade less than one year old will be around $90 monthly to insure.

Your Age

Age Average Monthly Premium
Under 18Not Enough Data
18-24$350
25-34$66
35-44$73
45-54Not Enough Data
55-64Not Enough Data
65 or OlderNot Enough Data

Your age is another factor that makes a significant difference in how much insurance carriers will charge you for a policy. Because the Hyundai Palisade is pretty new to the market, we're just starting to collect data on how age is affecting car insurance rates. So far, based on the table above, young drivers have more expensive prices than older Palisade drivers. In this case, drivers who are 18 to 24 pay over five times as much as those 25 or older.

Car insurance prices continue to get lower as you get older, with the cheapest age group for Palisade drivers being 25-34.

Your Gender

Gender Average Monthly Premium
Male$101
Female$65

Did you know men normally pay more for auto insurance than women? This is because men are more likely to get into collisions and get tickets, which increases the chances of an insurance claim. When it comes to Palisade drivers specifically, women pay about 55% less than men per month for car insurance. But, due to the limited amount of Palisade data, this pricing may not be representative of the rates you may see.

Where You Live

State Average Monthly Premium
California$49
Florida$100
Georgia$90
Illinois$39
New York$162
Ohio$20
Pennsylvania$140
Texas$36
Virginia$62

You may already know that things like what vehicle you drive and how old you are play a role in your insurance premiums, but you may not realize that where you live is just as important. Because auto insurance is regulated on a state-by-state basis, prices shift quite a bit from state to state.

Because the Palisade is a relatively new vehicle, our data on all 50 states somewhat limited. Even so, you can see in the table above that New York has rates that are more expensive than anywhere else.

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Hyundai Palisade Car Insurance Discounts

Whatever which vehicle you drive, where you live, or how old you are, it's always important to take advantage of as many insurance discounts as possible when shopping around for a new policy.

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

  • Multi-vehicle discounts for having several cars on your auto policy
  • Pay-in-full discounts for drivers who agree to pay their entire policy price up front, rather than in monthly installments
  • Defensive driving discounts for taking a defensive driving class through an accredited school or institution
  • Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings

While these are just a few of the discounts auto insurance carriers offer, there are countless other ways to save money on you monthly insurance bill. Often, it's actually your insurance profile and driving history that get you the best rates.

Even though you can't control every variable car insurance companies look at to calculate premiums (like some of the ones mentioned above), there are quite a few that you can influence. Below are just a few of the factors you can use in your favor in order to save money on insurance:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$99
Multiple Accidents$161
1 TicketNot Enough Data
Multiple TicketsNot Enough Data

You've almost certainly seen ads from auto insurance carriers offering hefty discounts for good drivers. It follows that if you get a ticket for speeding or get into a collision, insurance rates will get higher. But you still might be left wondering exactly how much these infractions will cost you.

Unfortunately, we don't have enough data on file for Hyundai Palisade drivers specifically, since it is a relatively new SUV. However, as we see more and more of these on the road, we'll have a better idea of how much infractions will cost Palisade drivers when it comes to auto insurance.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$62
2,501-5,000 Miles$107
5,001-7,500 Miles$62
7,501-10,000 Miles$93
10,000+ Miles$105

The amount of miles you drive annually impacts your car insurance prices. Those who are on the roads less have fewer opportunities to get into an accident, so they'll generally get more affordable premiums. Since the Hyundai Palisade is a new vehicle, our data is relatively limited, so we don't yet know how much annual driving distance will affect rates.

If you happen to be one of those drivers who put very few miles on your Hyundai Palisade each year, it may be worth learning about pay-per-mile or usage-based 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.

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How Do Hyundai Palisades Compare to Other Vehicles?

If you're thinking about buying a new SUV and a Hyundai Palisade is on your shortlist, it might be helpful to do your research. Auto insurance is just one cost that comes with a new car purchase, but it's guaranteed to be one that's worth thinking about carefully.

Take a look at the table below to see how the Hyundai Palisade stacks up:

Hyundai Palisade National Average
Liability Insurance$66$81
Full Coverage Insurance$168$169
Base MSRP$35,500$41,045
Average Annual Mileage7,98211,673

Overall, the Hyundai Palisade has an MSRP that's in line with the going rate for a new vehicle. The Palisade starts at $35,500, similar to the national average vehicle MSRP of $41,045.

Liability insurance for a Hyundai Palisade is about $15 cheaper than the national average, while full coverage is more or less the same.

When it comes to usage, Hyundai Palisade drivers are much lower than the national average in annual miles driven, with 11,673 miles for all vehicles each year compared to the Palisade's 7,982 every year.

Hyundai Palisade Car Insurance Costs by Model Year

Thus far, you've seen how different variables affect how much the average driver pays for car insurance. But if you're considering buying a new Palisade, knowing how much your vehicle will likely cost can be extremely helpful as you weigh your choices.

That's why we've decided to break down Hyundai Palisade auto insurance prices by model year. Simply find the model year you want in the dropdown to see average rates for both full coverage and liability only options. You'll also find some other helpful info, such as cheapest insurance company, base price, and even available trims for each Palisade model year.

2021 Hyundai Palisade Car Insurance

   
Liability Only Avg. Premium$66
Full Coverage Avg. Premium$168
Base MSRP$32,525
Cheapest Insurance CompanyDirectGeneral - $24/mo.
Available TrimsCALLIGRAPHY, LIMITED, SE, SEL

If you're looking for a brand new Hyundai Palisade, you've got options. A base model Palisade will put you back $35,500 (plus taxes and other fees), but with four different trim levels to pick from, the price can go up from there.

On average, it costs around $66 per month to insure a 2021 Hyundai Palisade for liability only and $168 monthly for full coverage. And if you want the lowest insurance possible, DirectGeneral offers liability only policies for as low as $24 a month.

Although it's helpful to know how much the average driver pays for insurance, a personalized quote is the only way to find out exactly how much you'll pay. Luckily, with Compare.com you can get quotes from lots of companies at once, all for free. Simply enter your ZIP code below to get started.

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2020 Hyundai Palisade Car Insurance

   
Liability Only Avg. Premium$107
Full Coverage Avg. Premium$174
Base MSRP$31,775
Cheapest Insurance CompanyDirectGeneral - $20/mo.
Available TrimsLIMITED, SE, SEL

If you're looking to buy a 2020 Palisade or already own one, you can expect an average insurance premium of about $107 for liability or $174 for full coverage.

And if you're just looking for the most affordable car insurance for your Palisade, DirectGeneral offers liability only policies for as cheap as just $20 monthly.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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Hyundai Palisade Insurance FAQs

Is a Hyundai Palisade expensive to insure?

The Hyundai Palisade is relatively expensive to insure compared to the average SUV. Liability insurance runs an average of $90 a month, while full coverage will cost you around $170.

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

There's only one way to be sure you're getting the cheapest rates -- regularly shopping around and getting quotes. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from several carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

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

Have you heard the old adage that it costs more to insure a red car before? Well, that's actually not true. There are an array of things auto insurance companies examine when they calculate how much you'll pay, but the color of your Palisade is not one of them.

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

Before you can legally drive your new (or new to you) vehicle off the dealership lot, you'll need to have a valid insurance policy. Some dealerships may offer you an insurance policy as part of the car-buying process, but the easiest thing to do is to let your car insurance carrier know before you buy.

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

You will find a ton of discounts out there for auto insurance. Many of them (like "multi-vehicle discounts" and "safe driver discounts") are more based on you than the car you drive, but if your Palisade has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may qualify for certain discounts. The best way to find out is to get in touch with your insurance company and ask about their discounts.

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