It costs less to insure a Hyundai Venue than the average car.
Full coverage insurance for a Venue averages around $162 per month, on average, while liability only insurance typically tends to be about $114.
Freedom provides the lowest average premiums for a Venue with liability only coverage offered for as little as $30 monthly.
In This Article
With new 2021 models starting at $18,750, the Hyundai Venue is a great budget-friendly car for drivers of all types. There's a Venue for every driver, with two different trim options offered.
After analyzing thousands of car insurance quotes through Compare.com, we've found that average Hyundai Venue insurance rates run around $154 per month. But how does that stack up to other similar vehicles out there on the market?
|Current Base Price||$18,750|
|Trim Levels||SE, SEL/DENIM|
|Average Insurance Premium||$154/mo.|
|Cheapest Insurance Company||Freedom|
How Much is Car Insurance for a Hyundai Venue?
|Vehicle||Liability Only||Full Coverage|
|All Hyundai Models||$88||$174|
|Average Insurance Premium||$81||$169|
In the table above, you'll see that compared to other vehicles on the road, Hyundai Venue insurance prices are about average. On average, Venue owners will pay around $162 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $114 monthly for liability only insurance (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about these different types of insurance).
Compared to other models, the Venue is slightly cheaper, with premiums about 7% lower than other vehicles in Hyundai's lineup. Compared to offerings from other brands, auto insurance for a Venue runs close to average, with full coverage insurance prices $15 cheaper than other cars and liability insurance rates coming in at $31 higher.
The same applies when comparing the Hyundai Venue to vehicles of any body type, no matter what make, model, or body style they are.
Who has the Cheapest Car Insurance for a Hyundai Venue?
|Insurance Company||Average Monthly Premium|
|Kemper Personal Insurance||$51|
In the market for a car insurance policy for your Hyundai Venue? You're probably most interested in which carrier offers the most affordable rates. Even though there will never be one company that has the cheapest rates for everyone, the lowest average rates for liability only insurance are sometimes just $30 a month from Freedom. With car insurance as cheap as $39 per month, Infinity is the next most affordable car insurance carrier.
MetroMile, Aspire, and Kemper Personal Insurance round out the end of the top 5 list. 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 Venue.
Insurance carriers take lots of different factors into consideration when calculating monthly rates. There's only one way to make sure you find the cheapest possible rates, and that's by analyzing quotes from an array of auto insurance companies.
What Factors Affect Car Insurance Rates for a Hyundai Venue?
There are several variables that insurance carriers look at to calculate how much to charge -- and every company weighs different factors more heavily than others, so there's not a single carrier that's the lowest for each driver.
Keep reading to learn which things auto insurance companies look at and how they affect your final rate:
|Vehicle Age||Average Monthly Premium|
|Less than 1 Year||$114|
|2-3 Years||Not Enough Data|
|4-5 Years||Not Enough Data|
|6-7 Years||Not Enough Data|
|8-10 Years||Not Enough Data|
|11-14 Years||Not Enough Data|
|15 Years or Older||Not Enough Data|
Since the Hyundai Venue has only been around for one model year, vehicle age won't affect your cost in the same way it might for other vehicles. Usually, it costs less to insure older cars because they're worth less than newer models, and as time goes on and Venues begin to depreciate, insurance costs will gradually go down.
Next year, we'll have a better idea of the differences in premiums for each model year, but for now we see that a Venue less than one year old will be around $114 monthly to insure.
|Age||Average Monthly Premium|
|Under 18||Not Enough Data|
|65 or Older||$50|
Age plays a significant role in how much car insurance carriers will charge for insurance. Because the Hyundai Venue 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, drivers who have more experience pay less for auto insurance than drivers who are under 18. Hyundai Venue drivers aged between 18 and 24 actually pay $57 more than those 25 or older.
Auto insurance prices continue to go lower as you get older, with the cheapest age group for Venue drivers being 65 years and older.
|Gender||Average Monthly Premium|
Because women are less likely to get into accidents and get tickets, they have a lower chance of filing a claim with insurance. So, insurance companies will tend to charge women less than men. When it comes to Venue drivers specifically, women pay around 35% less than men a month for insurance.
Where You Live
|State||Average Monthly Premium|
You may already know that factors like how old you are and what vehicle you drive play a role in your car insurance prices, but you may not realize that where you live matters, too. Car insurance is regulated on the state level and not nationally, so rates can vary quite a bit from state to state.
Because the Venue is a relatively new vehicle, our data sets are somewhat limited. Even so, you can see in the table above that New York has rates that are more expensive than other locations.
Hyundai Venue Car Insurance Discounts
Whatever your home state, your car, or your age, it's always the smart move to take advantage of as many auto insurance discounts as possible when shopping around for a policy.
While no two insurance carriers offer the same exact discounts, there are a few different ones that you'll find with most companies. These include discounts like:
- Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution
- Multi-car discounts for adding more than one vehicle to your auto policy
- Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like air bags or anti-lock brakes)
- Multi-policy discounts for getting both your home and auto policies from the same company
These are just a few of the discounts auto insurance carriers offer, and sometimes the best way to save is just by having a profile that looks good to car insurance companies.
Of course, you can't control every single aspect of your insurance profile (like some of the pieces we mentioned above), but you can control some of it. Below are just a few of the things you can use to your advantage in order to save money on auto insurance:
Your Driving Record
|Infractions||Average Monthly Premium|
|1 Ticket||Not Enough Data|
|Multiple Tickets||Not Enough Data|
It's no secret that car insurance carriers offer the most affordable premiums to drivers with clean records. And you probably wouldn't be surprised that your insurance prices will go up if you get into an accident or get tickets. 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 Venue drivers specifically, since it is a relatively new vehicle. However, we'll have a better idea of how much infractions will cost Venue drivers when it comes to car insurance as we see more and more of these on the road.
How Much You Drive
|Annual Mileage||Average Monthly Premium|
Another variable you have control over is the amount of miles you drive. Those who drive less are more likely to go accident-free, so they'll usually get more affordable premiums. Since the Hyundai Venue is a new car, our data is relatively limited, so we don't yet know how much annual driving distance will affect rates. So far, data is showing that the cheapest policies go to drivers who put 0-2,500 miles on their Venue each year.
If you work from home or drive less often than the average driver, you might consider getting a usage-based or pay-per-mile auto insurance policy. With these kinds of policies, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.
How Do Hyundai Venues Compare to Other Vehicles?
If you're considering buying a Hyundai Venue, it can pay off to do your research. Auto insurance is just one cost that comes with buying a new car, but it's guaranteed to be one that's worth considering carefully.
Check out the table below to see how the Hyundai Venue compares:
|Hyundai Venue||National Average|
|Full Coverage Insurance||$155||$169|
|Average Annual Mileage||10,224||11,673|
With an MSRP that's less than half of the going rate for a new vehicle, the Hyundai Venue is a fantastic value when it comes to price. While the average vehicle price in the U.S. is $46,223, the Venue has an MSRP of just $18,750.
Full coverage insurance for a Hyundai Venue is about $14 a month cheaper than average, while liability only coverage is $6 higher monthly.
When it comes to usage, Hyundai Venue owners drive fewer miles annually than the national average, with 11,673 miles for all vehicles every year compared to the Venue's 10,224 each year.
Hyundai Venue Car Insurance Costs by Model Year
You've seen how different variables can affect how much you might pay for insurance. But if you're considering buying a new vehicle and the Venue is one you're thinking about, having a good idea of exactly what you'll pay can be extremely helpful as you weigh your options.
For this reason, we've broken down Hyundai Venue car 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, as well as some other helpful info, like the base MSRP, who offers the cheapest policies, which trim levels are offered for each Venue model year.
2021 Hyundai Venue Car Insurance
|Liability Only Avg. Premium||$87|
|Full Coverage Avg. Premium||$155|
|Cheapest Insurance Company||MetroMile - $42/mo.|
|Available Trims||SE, SEL/DENIM|
As we saw above, the Hyundai Venue is a great budget option for someone looking to buy a brand new car.
When it comes to insurance, it costs around $155 per month, on average, to buy full coverage insurance for a 2021 Hyundai Venue and $87 a month for a liability only policy. And if you want the most affordable insurance possible, MetroMile offers liability only policies for as low as $42 per month.
While it helps to know the average price drivers pay to insure a 2021 Venue, a personalized quote is the only way to know exactly how much auto insurance will cost you. Luckily, with Compare.com you can get quotes from several companies at once, all for free. Just enter your ZIP code below, answer a few questions, and you'll be unlocking your best rates in minutes.
2020 Hyundai Venue Car Insurance
|Liability Only Avg. Premium||$130|
|Full Coverage Avg. Premium||$164|
|Cheapest Insurance Company||Freedom - $30/mo.|
|Available Trims||SE, SEL/DENIM|
If you're looking to buy a 2020 Venue or already own one, you can expect an average insurance rate of about $164 for full coverage or $130 for a liability only policy.
And if you're just looking for the lowest car insurance for your Venue, Freedom offers liability only policies for sometimes as low as $30 monthly.
What could your auto insurance price look like? Get a variety of personalized quotes for free by just entering your ZIP code below.
Hyundai Venue Insurance FAQs
Is a Hyundai Venue expensive to insure?
Liability insurance runs an average of $114 a month, while full coverage will cost you around $162. When compared to the national average of all vehicles, premiums come in on the cheaper end of the spectrum.
How can I get the best price on car insurance for my Hyundai Venue?
The only way to be sure you're getting the most affordable price on car insurance is to regularly shop around and compare quotes from quite a few carriers. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from a bunch of companies at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.
Does the color of my Hyundai Venue affect my insurance prices?
Have you heard the old adage that it costs more to insure a red car before? Well, that's simply not true. Although there are lots of things insurance carriers think about when they calculate your rates, your Hyundai Venue's color is not on that list.
Do I need to have insurance before I buy a Hyundai Venue?
Before you can legally drive your new (or new to you) car off the dealership lot, you'll need to have valid auto insurance for it. Some dealerships might offer you a car insurance policy as part of the car-buying process, but it's best to let your car insurance carrier know beforehand.
What car insurance discounts can I get for my Hyundai Venue?
There are a multitude of different discounts out there when it comes to auto insurance. Many of them (like "multi-policy discounts" and "pay-in-full discounts") are based less on your Venue and more on you, but if your Venue has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may be eligible for certain discounts. The only way to be certain is to contact your insurance company and ask about their discounts, since they differ quite a bit from carrier to carrier.