Hyundai Palisade joins the luxury segment at a lower price point than expected given its position. This SUV effectively replaces the Santa Fe model, which is around $500 more expensive than the national average and anticipates a comparable monthly payment of $158 or $1896 per year. With a base price of 31,550 dollars this is the amount of Hyundai Palisade insurance rates, the price-to-base insurance ratio would be 6%, slightly more than the national average of 4% for a luxury SUV.
- How do I compare insurance for the Palisade?
- Does the Hyundai Palisade qualify for discounts?
- Why is insurance so expensive for the Palisade?
- How reliable is the Hyundai Palisade?
How do I compare insurance for the Palisade?
There are many factors that go into the Palisade’s safe and strong construction, as well as the vehicle’s affordable sticker price and included five-year roadside support, all of which contribute to lower insurance rates. Other ways to reduce costs include:
- Body type. The Midsize SUV is less costly and hence safer to insure than other vehicles.
- Fuel. Don’t expect to save money on petrol when cruising in this vehicle’s 19- to 26-mpg EPA rating, which is about average for its size.
- Theft rates. Regardless of how similar the Palisade to the Santa Fe, it could see anywhere from 50 to 100 total thefts per model year, which is relatively low when compared to other Hyundai’s.
- Maintenance. It’s impossible to predict what the Palisade will be up against. Santa Fe, on the other hand, has been plagued by confirmed engine failure issues in the 2012 and 2013 models.
- Coverage. Pay for premium insurance that includes roadside assistance for peace of mind after your warranty has ended.
- Insurer options. Chubb, for example, may insure this entry-level luxury car as a normal or luxury vehicle, depending on its value. The latter, on the other hand, will restrict your options.
- Warranty. It provides a five-year, 60,000-mile body warranty and a ten-year, 100,000-mile powertrain guarantee. Additionally, five years of unlimited miles roadside assistance is included, so you won’t need to buy extra coverage via your insurance provider.
Does the Hyundai Palisade qualify for discounts?
It is recommended that your new car be equipped with the following standard safety features, which may qualify you for insurance discounts:
- Antilock brakes
- Driver assistance
- Stability control
Why is insurance so expensive for the Palisade?
Although it is not the most expensive luxury SUV on the market, it fetches a higher price premium than the average because of the following factors:
- Luxury class. Because the Palisade is considered a high-end vehicle, it needs a higher level of insurance protection to protect your investment.
- High ticket price. This vehicle is not as pricey as a Lincoln, but it is still more expensive than a typical SUV in its class.
- High horsepower. However, towing more than 5,000 pounds may raise your driving risk with your insurer, so be cautious.
How reliable is the Hyundai Palisade?
Because Santa Fe has recently suffered several problems, the general dependability of the train may be in doubt, yet the Palisade has received favorable safety ratings. Take into account the following safety information: Because Santa Fe has recently suffered several problems, the general dependability of the train may be in doubt, yet the Palisade has received favorable safety ratings.
Take into account the following safety information:
- Safety. In addition to receiving excellent scores in virtually all accident categories, this forthcoming model has already been awarded the IIHS’s 2019 Top Safety Pick designation. The only disadvantage is that some gradients have limited vision in the headlights.
- Reliability. This vehicle has a predicted reliability rating of 3.5 out of 5 stars from J.D. Power and Associates, which is higher than the average.
- Recalls. The Santa Fe was subject to a number of recalls, including those for airbags, steering wheels, engine bearings, and warning lights, and it is possible that the Palisade may experience similar problems in the future.
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