If you are in the market for a used subcompact car, the Hyundai Accent is one of your most affordable options. It is available for a median price below $10,000 in six states: New Hampshire, New Jersey, Vermont, Maine, Wisconsin, and Washington. However, only three of these states make it to our list of affordable states to own an Accent, because the insurance rates in the other states constitute a high percentage of the cost of the vehicle.
If you factor in the insurance costs, the five least expensive states to buy and insure a used Hyundai Accent are –
1. New Hampshire –
A used Accent costs around $8750 in New Hampshire. The average annual insurance rate here is $931, i.e., 10% of the median price. If you live in New Hampshire, an Accent is probably one of the most affordable cars you could buy. If you live in one of the other states where the median price of a used Hyundai Accent is above $14,000, you could consider buying the car from New Hampshire and having it shipped home.
2. Maine –
With a low median price ($9,991) and low average annual insurance rate ($816), Maine is one of the best states to buy a used Hyundai Accent. Mainers spend 8% of the median price on insurance.
3. Idaho –
Idaho has a higher median price ($10497), though this northwestern state makes up for it by having one of the lowest average annual insurance rates in the country ($888). This means that in Idaho, you have to spend merely 8% of your median price on insurance.
4. Iowa –
Iowa has a slightly higher median price ($11,625), though the insurance rate here is lower ($872).
5. Wisconsin –
A combination of a low median price, but slightly higher insurance average works well for Wisconsin. The median price here is $9,995 and insurance average is $1113, i.e., 11% of the median price.
On an average, the United States pays around $12,385 to pay a used Hyundai Accent. This is, for all intents and purposes, a great deal. The average cost of insurance across the country for this car is also not very high. So if affordability is high on your list of priorities, a used Accent is one of your best bets.