Understanding Higher Premium Surcharges for Hyundai and Kia Owners

Understanding Higher Premium Surcharges for Hyundai and Kia Owners

August 14, 2023

As an owner of a Hyundai or Kia vehicle, you may have noticed an increase in your insurance premiums recently. This blog post aims to shed light on why Hyundai and Kia owners are experiencing higher surcharges in their insurance premiums and provide some insights into the factors that contribute to this trend.

1. Safety Features and Repair Costs:

One of the primary reasons for higher insurance premiums for Hyundai and Kia owners is the advanced safety features that these vehicles offer. While these features are designed to protect you and your passengers, they can also increase the cost of repairs in the event of an accident. Insurance companies take this into account when determining premiums, as repairs involving advanced safety systems can be more expensive compared to other vehicles.

2. Hyundai & Kia Theft Rates:

Another factor that affects insurance premiums is the vehicle theft rate. Unfortunately, Hyundai and Kia models have been targeted by thieves due to their popularity and value. This is primarly due to thieves taking advantage of a missing security components in models manufactured between 2011 - 2022. Click here for more information on this. Higher theft rates translate into increased insurance premiums, as insurance companies need to cover the potential risk of theft and the associated costs.

3. Cost of Parts:

Hyundai and Kia vehicles often require specialized parts, which can be more expensive than those for other vehicle brands. When repairs are needed, insurance companies consider the cost of these parts when determining the premiums. The availability of parts and the expertise required to repair these vehicles can also contribute to higher costs, impacting insurance rates accordingly.

4. Frequency and Severity of Claims:

Insurance companies analyze historical data to assess the risk associated with different vehicle models. While Hyundai and Kia vehicles are generally reliable and well-built, certain models may have experienced higher claim frequencies or more severe claims in the past. These factors can influence insurance premiums, as insurers consider the likelihood of claims and the potential cost of repairs.

5. Vehicle Performance and Accidents:

Hyundai and Kia vehicles are known for their performance capabilities, and some models may have higher horsepower or be classified as sports cars. Insurers typically associate higher performance with an increased risk of accidents. As a result, premiums for these vehicles might be higher to account for the potential cost of accidents involving higher-performance cars.


While it's true that Hyundai and Kia owners may experience higher surcharges in their insurance premiums, it's important to understand the underlying factors that contribute to this trend. Advanced safety features, repair costs, vehicle theft rates, cost of parts, historical claim data, and vehicle performance are all factors that insurance companies consider when determining premiums.

As an owner of a Hyundai or Kia vehicle, it's essential to stay informed about these factors and explore different insurance options. By comparing quotes from various insurers and understanding how each company evaluates these factors, you can make an informed decision to find the best coverage at a reasonable price.

Remember, insurance premiums are influenced by multiple factors, and each insurer may have its own approach to calculating rates. By being proactive and knowledgeable, you can navigate the insurance landscape more effectively and secure the coverage you need for your Hyundai or Kia vehicle.

Disclaimer: The information provided in this blog post is for general informational purposes only. Insurance premiums and policies may vary based on location, insurance provider, and individual circumstances. It is always recommended to consult with an insurance professional for personalized advice and guidance.