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Car Insurance Facts
Did you know that car insurance payouts have been on the rise in recent years? It’s true — in 2019, car insurance companies in Canada covered approximately $18 billion worth of vehicle damage. This is a drastic difference from the past. For instance, in 1990, car insurance providers only covered $6 billion in damages.
On the other hand, are you aware that car insurance prices range from province to province? For instance, the average in some provinces is as high as $1680, while in others, it’s as low as $640!
Hyundai Motor Company is a South Korean automotive manufacturer, based out of Seoul, South Korea. It was founded in 1967. A year later they released their first car, the Cortina, in collaboration with Ford Motor Company.
It wasn’t until their second model, The Pony, released in 1975, which became the first mass-produced car in South Korea. In 1984, Hyundai exported the model to Canada, and at one point it became the top-selling car on the Canadian market.
Hyundai entered the Canadian market in 1984 and has more than 192 dealerships across the country. In 2020, Hyundai sold over 130,00 vehicles in Canada. Popular brands include the Elantra, Accent, and Sonata.
If you’re looking to get a Hyundai vehicle, that’s where Surex comes in. We can help you find the right insurance for your car!
FAQ’s about Hyundai car insurance
No, they are known to have very affordable car insurance rates for most of their makes and models. They have an average range of approx $1,300/per year. Some Hyundai models have even appeared on lists boasting the lowest premiums.
But, as you know, it’s hard to put an exact number of what you will pay for your insurance because it largely depends on the type of vehicle you drive. Insurance providers look at the year and the model you choose to buy, your driving history, the number of kilometers you drive each year, and where you live.
There are many things you can do to help lower your insurance rate. For example, you can bundle your home + auto insurance to help save some money. Talk to a Surex advisor to see how you can save today!
Here are some popular ways you can save on your car insurance:
- Use an insurance advisor
- Shop around and compare prices
- Bundle your insurance policies
- Driving less
- Driving safely
- Inquire about discounts
- Increase your deductible
- Be claims-free
- Be a long-time insured driver
- Have a clean driving record
- Installing winter tires
Hyundai car insurance quotes are based on a variety of factors, some of which include:
- Drivers age
- Driving history
- Where the driver resides
- Make & model of Hyundai vehicle
- Safety features on the vehicle
Lowest Quotes for these Hyundai Vehicles *
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