Hyundai i40 insurance group
Compare car insurance costs for your Hyundai i40 based on your age and location.
The Hyundai i40 is the reasonably popular executive car offered by the Korean manufacturer. The Hyundai i40 offers plenty of space, good fuel economy, lots of safety features and will be reasonably cheap to insure. In this guide, you’ll discover the average cost of insurance based on the specific model version and your age and location.
What insurance group does the Hyundai i40 fall under?
Before being made available to buy, every vehicle is assigned an insurance group based on how much they should cost to insure. These groups range from 1 (cheapest) to 50 (most expensive). Insurers use these groups to determine a suitable premium for their customers. Hyundai i40 models can be found in insurance groups ranging from 12 to 20, meaning the car insurance will be on the cheap side.
The costs will vary depending on your choice of Hyundai i40 and the insurance group it falls in. As an example, a 30-year-old driver in an average postcode could pay around £743 for cover on a Hyundai i40 1.7 CRDi 115bhp Blue drive Active 4d that is in insurance group 12 or around £807 for a Hyundai i40 SE Nav 1.6 CRDi 136PS DCT auto 4d that is in insurance group 18. From this comparison, we can see the impact of premium pricing when one car is in a much higher insurance group.
Hyundai i40 insurance cost by location
The table above illustrates the average cost of Hyundai i40 insurance based on its insurance groups and the driver age. However, there are a number of other factors that affect the cost of your car insurance premiums, one of the biggest being your location.
To show the potential influence of your home address, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Hyundai i40 SE Nav 1.6 CRDi 115PS 4d.
- Expensive: £932 (London SE1)
- Average: £781 (Newcastle NE1)
- Cheap: £568 (Galashiels TD1)
Which factors affect my Hyundai i40 insurance rate?
Along with insurance group, here are the other key factors that have a big impact on your insurance premium costs:
- Engine type and capacity. In general, cars with bigger engines will cost more to insure. This is because larger engines cost more to repair or replace. For example, it may cost £895 for insurance for a Hyundai i40 1.6 GDi 135bhp Blue drive Active 4d, while you may pay £972 for a Hyundai i40 1.7 CRDi Blue Drive Premium 4d DCT. That’s a £78 per year difference to insure a Hyundai i40 with an engine that’s 0.1 litre bigger.
- Driver location. Insurers will use where you live as an indicator of how likely you are to claim on your car insurance. If you live in an area where motorists are more likely to claim on their policy, you’ll pay more. For example, a 30-year-old in central London may pay £895 for insurance for a Hyundai i40 1.6 GDi 135bhp Style 4d, while the same 30-year-old in Newcastle may only pay £756. This £139 difference occurs because Londoners are more likely to claim on their policy than those living in Newcastle.
- Driver age. The youngest drivers are the most likely to claim on their car insurance and that’s why they pay more. The average 20-year-old driver in London may pay £1,683 for the Hyundai i40 1.7 CRDi 136bhp Premium SE 4d, while the average 40-year-old living in London will only pay £882. That’s an £801 difference between the two age groups to insure the same vehicle.
Other factors that influence the cost of your insurance include the following:
- The model and age of your car
- Your car’s safety rating score
- Your car’s security and any extra anti-theft precautions
- Your annual mileage
- Your driving history and activity
- Your no claims discount
- Your marital status
- Your credit history and job
How can I save on my Hyundai i40 premiums?
While car insurance is a necessary legal requirement, there’s no need to let it drain your bank account too much. There are plenty of actions you can take to lower the cost of your premium, and we’ve listed some of them below.
- Limit your car usage (where possible). Occasionally deciding to walk or get public transport rather than using your car can help to save on your premiums.
- Pay annually rather than monthly. Paying annually eliminates the possibility of being charged interest on monthly repayments.
- Install extra safety precautions. By installing extra safety features, you reduce the likelihood of making a claim on your policy (in the eyes of insurers, anyway). That’s why you’ll tend to receive a discount on your premiums after doing so.
- Don’t blindly accept your renewal quote. Insurers tend to save their best deals for their new customers, so make sure to shop around for the best deal each year using price comparison websites. You’re likely to save money by switching each year!
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