Automobile.com Survey: Hyundai 7% More Expensive to Insure than Kia
The auto insurance resource recently published the results of their latest cost comparison survey.
LOS ANGELES, July 13, 2012 /PRNewswire/ -- Automobile.com published the results of their latest commissioned survey comparing the cost to insure Hyundai and Kia vehicles. The survey showed Hyundai drivers spend 7.03% more to insure their vehicles each year than Kia drivers.
The cost to insure a Hyundai model on an annual basis averaged $946.05 while Kia models averaged $884.23. Although Kia and Hyundai are competitors in the automotive market, the parent company of Hyundai (the Hyundai Motor Company) has owned a portion of Kia Motors since 1998.
"These were the most competitive auto insurance comparison survey results we have witnessed to date," Automobile.com columnist Andrew Evans said. "The two South Korean automakers were deemed to be close competitors in terms of annual insurance policies."
Evans said the most apparent distinguishing factor between the two companies in the survey was the age of respondents.
"The survey showed Hyundai drivers were almost five and a half years older than those who drove Kia, on average," Evans said. "Also, Hyundai vehicles were close to a year newer on average than Kia equivalents."
The latest cost comparison article is available to the public in the recently unveiled Automobile.com Research section of the website. All past brand comparisons and insurance cost studies are featured in the section.
"Our new Automobile.com research section has been met with glowing reviews from our user base," Evans said. "I believe they appreciate our unbiased approach to delivering exclusive, relevant auto insurance articles and studies aimed at helping consumers save money and be better protected while on the roads."
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Disclaimer: This press release is for informational purposes only. The data, facts, figures, and estimations included in the press release were obtained from several public and private institutions in addition to consenting user responses through commissioned surveys. Automobile.com is in no way affiliated with any person or company heretofore mentioned and makes no warranty or guarantee of the authenticity, accuracy or permanence of the information presented in the press release.
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