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Hyundai Venue car insurance rates

Good safety ratings and a low sticker price can help keep rates reasonable for this new SUV.

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The 2020 Venue is Hyundai’s second release of the subcompact SUV, the smallest in its SUV lineup. It’s also one of the most affordable SUVs on the market, with a base price of under $18,000.

The average insurance cost for the Hyundai Venue is expected to be between $150 and $170 a month. This makes its annual insurance cost-to-base ratio around 10%, which is significantly higher than the national average of 4%, but not unreasonable for an SUV.

Designed to appeal to “urban adventurers,” the higher risk associated with driving in cities could be partly why insurance on the Venue is expected to be more expensive than similar SUVs. Filter car insurance companies by your state to get a quote.

Many factors that determine your insurance rates, including ones that are specific to the vehicle. Some of these include:

  • Body type. The Hyundai Venue is a subcompact crossover SUV, which are cheaper than sedans but pricier than trucks to insure.
  • Fuel. At an estimated 33 mpg combined, you’ll be able to save a little money on fuel compared to other SUVs.
  • Theft rates. According to NHTSA statistics as of November 2019, Hyundai SUVs have a generally low theft rate — this helps keep its insurance rates down.
  • Maintenance. Average annual maintenance costs on the Venue’s cousin model, the Santa Fe, are around $515 according to Repair Pal’s website as of November 2019. Low maintenance costs could help keep insurance rates low.
  • Coverage. Consider keeping both collision and comprehensive coverage on a new Venue.
  • Warranty. The Venue comes with Hyundai’s limited five-year, 60,000-mile warranty, or its 10-year, 100,000-mile warranty. Both warranties include roadside assistance, which allows you to skip that coverage on your insurance policy.
  • Manufacturer offer. Official offers for the 2020 Venue haven’t been released at the time of this writing, but Hyundai typically has offers for its newest models, such as 0% APR financing.
Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Allstate
Optional
13%
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
Progressive
Optional
30%
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Pretected
Pretected
Optional
Yes
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
The AARP Auto Insurance Program from the Hartford
Optional
Yes
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
Clearcover
Optional
Yes
AZ, CA, GA, IL, IN, KY, LA, MD, MO, MS, NE, OH, OK, PA, TX, UT, VA, WI & WV
Get instant online support and score a low rate thanks to online data that sets premiums automatically.
Root
52%
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
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Does the Hyundai Venue qualify for discounts?

If your Hyundai Venue comes with the following features, you could save extra with safety discounts:

  • Antilock brake discount
  • Antitheft discount
  • Seatbelt pretensioners
  • Passive restraint discount
  • Airbag discount

How reliable is the Hyundai Venue?

The Venue model has only been on the market since 2019, so there isn’t much historical data available. Other Hyundai SUVs that have been around for longer point to great safety and reliability ratings.

  • Safety. The 2019 Hyundai Tucson, a similar compact SUV, was awarded the Top Safety Pick+ by the Insurance Institute of Highway Safety (IIHS). Another similar model, the Santa Fe, has also received the top safety pick plus award, in addition to being awarded a 5-star overall safety rating from the National Highway Traffic Safety Administration.
  • Reliability. JD Power has awarded the Hyundai Santa Fe with its Most Dependable award in 2016, as well as its Highest Quality award in 2019. With strong marks for reliability on its other SUV models, you can expect the Hyundai Venue to receive similar ratings.
  • Recalls. Hyundai issued a recall on some of its Santa Fe models as recent as 2017, so there is some recall risk with the Venue.

Bottom line

The 2020 Hyundai Venue is the smallest, most affordable subcompact SUV in the Hyundai lineup. Strong safety ratings should help lower its insurance rates, though the rates will likely start out with a high cost-to-base ratio.

To find the lowest rates on your Venue, compare discounts and options from different insurance companies.

Frequently asked questions about the Hyundai Venue

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