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The Santa Cruz 2020 is the first entry into the market of pick-up trucks for Hyundai. The company has the same portfolio as Tucson and is likely to start at approximately $18,000 to cater to the busy city’s residents. The Hyundai Santa Cruz insurance costs on average should range from $170 to $190 a month. It provides a yearly cost-to-base insurance ratio of 10-12%. The typical national average is over three times that of 4%, especially because it’s a pickup truck.
How do I compare insurance for the Hyundai Santa Cruz?
The Hyundai Cruz is not just in the Hyundai range, but on any market, a completely new vehicle. This means that insurance firms will not have model data for which the rates are to be determined. It is on the same platform as the Hyundai Tucson, and insurance firms thus anticipate looking at Tucson’s statistics at the Santa Cruz prices.
- Body type. The first truck on the US market is the Santa Cruz crossover. SUVs are typically far lower than trucks in insurance, but anticipate the pickup rates of this new vehicle to match more.
- Fuel. The Santa Cruz will give quite a bit of pump savings compared with comparable trucks, with a projected fuel economy of over 30 mpg. But the more costly battery parts are, if you require maintenance or replacement, to negate some of the savings.
- Theft rates. The Hyundai Tucson has an exceptionally low robbery rate, and thus you can expect the Santa Cruz to maintain a low robbery rate.
- Maintenance. According to the website of Repair Pal, Tucson’s identical model costs a yearly maintenance of $426. The reduced cost of maintenance is linked to lower insurance.
- Coverage. Coverages generally cost newer vehicles extra, as they probably wish to crash and safeguard your new ride fully.
- Warranty. The Hyundai guarantee is restricted to 5 years, 60,000 miles or 100,000 miles in 10 years. Both choices include roadside support, so you may save your insurance cover until the guarantee expires.
- Manufacturer offer. At the time of this letter Hyundai did not disclose its proposals to Santa Cruz. The vehicle manufacturer often provides incentives for the newest models such as 0 percent APR finance.
Does Santa Cruz qualify for discounts?
Yes, you should be qualified for a safety vehicle discount if your Santa Cruz comes with at least one of the following security features.
- Anti Lock brakes
- Antitheft device
- Seatbelt pretensioners
- Airbag discount
- Passive restraint discount
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How reliable is the Hyundai Santa Cruz?
It will be at least one year before Santa Cruz releases the official reliability and safety ratings, but related models provide you insights into its performance, in particular the Hyundai Tucson.
- Safety. The insurance institute for road safety (IIHS) and the national traffic safety office often award Hyundai excellent scores for safety (NHTSA). In 2019 Tucson received the IIHS Top Safety Pick+, while the NHTSA gave the Tucson a 5-star safety rating.
- Reliability. The 2019 Tucson J.D. Power has given a total score of 78 out of 100, with a dependability rating of 85 out of 100. Other Hyundai SUVs are quite reliable, but the Santa Cruz will be the first Hyundai truck.
- Recalls. Hyundai is regularly recognized for good safety results by the insurance agency for road safety (IIHS) and the national road safety offices (NHTSA). The IIHS Top Safety Pick+ is earned by Tucson in 2019 and a 5 star security grade from the NHTSA.
Bottom line
The Hyundai Santa Cruz is the Korean automobile manufacturer’s first pickup truck in 2020. Its tiny size and inexpensive price should attract city residents, but because it is a new pickup type, it will have high insurance rates.
Make sure that multiple vehicle insurance providers compare to get the lowest one before adding your Santa Cruz to your coverage.
For additional car insurance review, Check out our review of Ford Bronco Insurance Cost.
