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OceanGazer
Understanding the estimated insurance costs for the 2024 Hyundai Palisade is essential for potential buyers.
Estimated Insurance Costs Overview
The insurance cost for a 2024 Hyundai Palisade can vary based on several factors including the driver’s profile, location, and insurance provider. On average, the estimated annual insurance premium ranges from $1,200 to $1,600.
Factors Affecting Insurance Costs
- Driver’s Age
- Driving History
- Location
- Insurance Provider
- Coverage Type
- Credit Score
- Vehicle Safety Features
Cost Breakdown by Coverage Type
| Coverage Type | Estimated Annual Cost |
|---|---|
| Liability Only | $1,200 |
| Liability + Collision | $1,400 |
| Comprehensive Coverage | $1,600 |
Comparative Analysis
Here is a comparison of insurance premiums for similar vehicles in the same class:
| Vehicle | Estimated Annual Insurance Cost |
|---|---|
| 2024 Hyundai Palisade | $1,200 – $1,600 |
| 2024 Kia Telluride | $1,100 – $1,500 |
| 2024 Honda Pilot | $1,300 – $1,700 |
| 2024 Ford Explorer | $1,400 – $1,800 |
Mind Map of Influencing Factors
- Personal Factors
- Age
- Gender
- Driving Experience
- Geographical Factors
- Urban vs. Rural
- State Laws
- Vehicle Factors
- Make and Model
- Safety Ratings
- Repair Costs
- Policy Factors
- Coverage Level
- Deductibles
- Discounts
Statistical Overview of Insurance Costs
| Insurance Premium | Percent of Total Vehicle Cost |
|---|---|
| $1,200 | 3.6% |
| $1,400 | 4.2% |
| $1,600 | 4.8% |
Conclusion
In summary, the estimated cost of insurance for a 2024 Hyundai Palisade is influenced by a multitude of factors. The average annual premium is approximately between $1,200 and $1,600, making it a competitive option in its class. By considering personal and geographic aspects, potential buyers can make informed decisions regarding their insurance choices.
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