In terms of size, Hyundai’s second subcompact SUV is the Venue. Another good thing about this SUV is that it starts at around $18,000. Hyundai Venue car insurance rates is estimated to cost between $150 and $170 per month, depending on how much you want to pay. For an SUV, that’s more than the national average of 4% in insurance costs each year, but it’s still fine. There is likely to be a higher cost for insurance on a vehicle like the Venue because it’s marketed to “urban adventurers.” This is because there is more risk when you drive in cities.
How do I compare insurance for the Venue?
Because there are so many different things that go into insuring a car, it can be hard. Some of them:
- Body type. In terms of sedans, the Hyundai Venue is a small crossover SUV. However, the cost of insurance for these cars is higher.
- Fuel. If you buy this car, you’ll get 33 mpg combined, which is better than other SUVs.
- Crime rates are going up. As of November 2019, Hyundai SUVs have a low theft rate, which helps keep insurance costs low for the brand.
- Maintenance. In November 2019, the website for Repair Pal says that on average, the Santa Fe, which is the Venue’s cousin model, costs $515 a year to keep in good shape. There is a chance that insurance premiums could be kept low if maintenance costs are kept low.
- Coverage. Retaining both collision and comprehensive insurance when you move to a new place is an option to think about.
- Warranty. If you buy the Venue, Hyundai gives you a five-year/60,000-mile warranty. If you buy the Santa Fe, you get a ten-year/100,000-mile warranty. It comes with both warranties, so you don’t have to buy it separately from your other insurance.
- The provider’s supply. At the time of this writing, there are no official incentives for the 2020 Venue, but Hyundai usually gives new cars special deals, like 0% APR financing.
Does the Hyundai Venue qualify for discounts?
You may be able to save money on safety if your Hyundai Venue has the following:
- Anti Lock brake discount
- Antitheft discount
- Seatbelt pretensioners
- Passive restraint discount
- Airbag discount
How reliable is the Hyundai Venue?
When it comes to the Venue model, it’s too soon to draw any conclusions. The car has only been on the market for a few months. Other Hyundai SUVs that have been on the market for a long time say that they are safe and durable.
- Safety. Top Safety Pick+ went to the 2019 Hyundai Tucson, which is a similar small SUV (IIHS). The National Highway Traffic Safety Administration also gave the Santa Fe, a similar car, the top safety pick plus award. It also gave it a 5-star overall safety rating, which is the best possible score.
- Reliability. Hyundai Santa Fe won the Most Reliable and Highest Quality awards from JD Power in 2016 and 2019. If you buy a Hyundai SUV, you can expect it to be reliable, like Hyundai’s other SUV models.
- Recalls. It looks like Hyundai is recalling some of its Santa Fe cars. This means that the Venue is in danger of getting a flat tire.
This is Hyundai’s smallest and least expensive SUV: the Venue subcompact. Even though its insurance premiums are likely to start out with a high cost-to-base ratio, good safety ratings should help cut them down.