How Much is Detroit Car Insurance for a Hyundai Santa Fe?

Finding the cheapest auto insurance for a Hyundai Santa Fe in Michigan hinges on a whole bunch of rating criteria such as how long your commute is, your geographic location, and your motor vehicle report. Michigan drivers pay approximately $2,266 each year to insure their Santa Fe, but that is a valuation using a 40-year-old married female driver with full coverage and $100 deductibles.

If we were betting, you’re not a 40-year-old female, maybe you are single instead of married, or maybe you want different physical damage deductibles. Just a minor difference in the criteria used to calculate rates could result in a significant change in the coverage rate.

Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest rates for your Hyundai is to compare rates from as many companies as possible. Get your free quotes now and you will be able to compare rates from the cheapest companies that sell coverage in Michigan.

Cheapest Hyundai Santa Fe Insurance Rates

Your Hyundai’s trim level impacts the annual cost of coverage, so the price you will be charged to insure a Santa Fe GLS 2WD will be $318 less than the insurance cost for the high end Santa Fe Limited 4WD model, as shown by the rates below.

Hyundai Santa Fe Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $446 $1052 $726 $42 $218 $2,484 $207
Santa Fe GLS 4WD $512 $1052 $726 $42 $218 $2,550 $213
Santa Fe SE 2WD $512 $1052 $726 $42 $218 $2,550 $213
Santa Fe Limited 2WD $512 $1240 $726 $42 $218 $2,738 $228
Santa Fe SE 4WD $512 $1240 $726 $42 $218 $2,738 $228
Santa Fe Limited 4WD $576 $1240 $726 $42 $218 $2,802 $234
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in zip code location which can affect premium rates considerably.

Ending up with the best insurance provider is difficult considering how many different companies sell coverage in Michigan. The rank data displayed below can help you analyze which companies you want to consider when buying insurance for a Hyundai Santa Fe. These rankings are for large, nationwide insurance companies, so companies that have a smaller presence are not factored into the list.

Top 10 Major Auto Insurers Overall in Detroit

  1. The Hartford
  2. Progressive
  3. State Farm
  4. Farmers Insurance
  5. Safeco Insurance
  6. USAA
  7. GEICO
  8. 21st Century
  9. Liberty Mutual
  10. AAA Insurance

The information below demonstrates how choosing different deductibles can raise or lower annual premium costs when searching for cheap insurance for a Hyundai Santa Fe. The premiums are based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

In the chart above, a 50-year-old driver could cut expenses by $542 a year by switching from a $100 deductible up to a $500 deductible, or save $818 by using a $1,000 deductible. Even younger drivers, such as the Age 20 example, have the ability to save up to $1,348 or even more by choosing larger deductibles on their policy. When using a larger deductible, it’s a good idea to have additional funds in a savings account to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

What aren’t you shopping around?

Detroit, MI car insurance rates are impacted by many things which can substantially decrease or increase the price you pay. Simply turning a year older, buying a new vehicle, or getting a speeding ticket can trigger changes in premium that can now make some companies cheaper in comparison to the competition. Not only that, but car insurance companies file new Michigan auto insurance rates every year or even multiple times each year to ensure their profitability. Heavy losses may result in higher prices, while a better claims history may produce lower-cost Santa Fe insurance rates.

The graph below shows the companies that have the cheapest car insurance in Detroit, MI for a 40-year-old male driver with a good driving record, no prior claims, and a good credit rating. If we look at prices based on his personal profile, USAA might offer the most affordable car insurance rates in Detroit at $2,301 a year. This is $92 less than the average policy premium paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and MEEMIC are also included in the best Detroit, MI auto insurance companies.

The next chart shows rates after we give the driver from the above example an accident surcharge, a little lower credit rating, and a blemish on his driving record. Since each insurance company has a proprietary method for determining rates in each state, analyzing rate quotes may result in a substantially altered list of cheap Detroit auto insurance companies as shown below.

Safeco now has the best insurance rate in Detroit with GEICO, Pioneer State Mutual, USAA, and Hastings Mutual now rounding out the top five. This illustrates why Detroit drivers need to shop around with many companies when trying to find the cheapest auto insurance rates for a Hyundai Santa Fe. Auto insurance prices are calculated by many factors and can change substantially, so the most economical company a year ago may now be quite expensive.