How much is insurance on a Hyundai Palisade?

A 2024 Hyundai Palisade runs about $1,860 a year for a typical 45-year-old, $80 less than an average car of the same age: fewer injury claims and less damage to others' property outweigh higher non-crash losses and higher crash-repair losses. Putting a new 16-year-old on a family policy with the Palisade adds about $1,230 a year (#19 of 25 midsize SUVs we compare).

2024 Hyundai Palisade (Palisade AWD), national average

about $1,860 a year (about $155 a month)

Estimated range: $1,350–$2,500. Actual quotes can fall outside it.

An average car of the same age (what HLDI's 2022–24 results measure against) runs about $1,940 a year. A used 2022 Palisade drops to about $1,740 (see the table below).

A Hyundai Palisade from the 2020–2025 generation. Photo: SsmIntrigue, CC BY-SA 4.0, via Wikimedia Commons, cropped (credits).

Priced for the 2024 Palisade AWD, the newest year covered by HLDI's loss data (2022–24 models), for a 45-year-old driver with a clean record and full coverage. HLDI's results combine drivers of all ages. We apply them to one example driver (a 45-year-old with a clean record) so pages are comparable; they aren't specific to 45-year-olds. Each state raises or lowers every car's price by the same percentage, so the Palisade's rank is the same in every state.

Why the Hyundai Palisade costs what it does

What HLDI reports (2022–24 models, all drivers combined)

The Highway Loss Data Institute (HLDI) compares each model's insurance losses with an average car's. For the Hyundai Palisade 4dr 4WD, on HLDI's scale where 100 is an average car and lower is better, it reports 112 for crash repairs, 120 for non-crash damage, 80 for damage to others' property, and 71 for injury claims.

Crash repairs (collision)fixing this car after a crashAverage12% worse than average23rd best of the 25 midsize SUVs we compare
Non-crash damage (comprehensive)theft, weather, fire, vandalism, glass, and animal strikesAverage20% worse than averageworst of the 24 midsize SUVs we compare
Damage to others' property (property damage liability)other people's cars and property, when this car's driver is at faultAverage20% better than average10th best of the 25 midsize SUVs we compare
Injuries to others (bodily injury liability)how often injury claims are filed against this car's drivers, not how much they costBetter than averagefiled 29% less often than average5th best of the 21 midsize SUVs we compare

HLDI's ratings, best to worst:Substantially better than averageBetter than averageAverageWorse than averageSubstantially worse than averageInsufficient data

HLDI rates results within about 20% of average as “Average.”

Source: HLDI, insurance losses by make and model, 2022–24 models.

What we estimate that means for price

Prices move less than loss results do: a car's loss record is only one of many things insurers weigh, and each weighs it differently. So we count only part of HLDI's difference. Combining crash repairs and non-crash damage (weighted about 71% and 29%, the share each makes up of industry claim costs), the Palisade comes out about 14% worse than average. We count about a third of that difference, so the part of the bill that fixes the car is about 5% more than average: about $1,000 a year vs $950. On the liability side, damage to others and injury claims combine to about 25% better than average. We count about half, so that part is about 13% less: $860 a year vs $990.

How the math works

In EPA size classes, the Palisade is a small SUV (gas-powered). In Highway Loss Data Institute loss tables, the Hyundai Palisade is benchmarked against midsize SUVs.

Matched to HLDI series “Hyundai Palisade 4dr 4WD” (HLDI, 2022–24 models).

A used Hyundai Palisade, by model year

One model year per age group. Liability only: no coverage for the car itself. Teen columns: a new 16-year-old. Each row uses the HLDI report that covers that model year.
Model year	Full coverage	Liability only	Adding a teen	Teen on their own policy
2024 Palisade AWD (0–3 years old)	about $1,860	about $860	+$1,230	about $5,340
2022 Palisade AWD (4–7 years old)	about $1,740	about $860	+$1,150	about $5,000

Our catalog covers the Hyundai Palisade across model years 2020–2027. Full coverage on a used 2022 Palisade (4–7 years old) runs about $1,740 a year, $120 less than on a 2024. Dropping collision and comprehensive on that 2022 brings liability-only coverage to about $860 a year. Each photo shows that year's generation of the car. Photo credits.

All 2 versions of the 2024 Hyundai Palisade in our catalog (Palisade FWD and Palisade AWD) price within about $50 a year of each other.

On a policy of their own with a 2024 Hyundai Palisade, a 22–25-year-old pays about $2,420 a year ($560 more than a 45-year-old), a 26–39-year-old about $2,070, and a driver 65 and older about $1,950.

Adding a 16-year-old with a Hyundai Palisade

Adding a new 16-year-old who drives the Hyundai Palisade raises the family bill by about $1,230 a year ($105 a month), $50 less than adding a teen with an average car of the same age. A separate policy for the 16-year-old runs about $5,340 a year, so keeping them on the family policy saves about $4,110 a year.

For adding a teen driver, the Hyundai Palisade ranks 47th cheapest out of all 121 models we track. Stepping down to a used 2022 Palisade (4–7 years old) brings the teen add-on to about $1,150 a year.

That increase is how much the family bill goes up with a new 16-year-old driving this car. Cheapest cars to insure for a teen.

Similar midsize SUVs

Among these 25 midsize SUVs, the Hyundai Palisade is the 7th most expensive to insure. Right next to it are the Toyota Highlander (about $1,850 a year) and the Kia Sorento (about $1,860).

Photos from Wikimedia Commons contributors. Photo credits.

What a Hyundai Palisade costs in your state

In six sample states, a 2024 Hyundai Palisade runs from about $1,200 a year in Maine through Ohio, Minnesota, Utah and Michigan to about $2,230 in Texas:

Maineabout $1,200/yr · +$790 teen
Ohioabout $1,340/yr · +$890 teen
Minnesotaabout $1,580/yr · +$1,040 teen
Utahabout $1,660/yr · +$1,100 teen
Michiganabout $2,030/yr · +$1,340 teen
Texasabout $2,230/yr · +$1,470 teen

All 50 states and DC · Updated November 5, 2026.

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