The Hyundai Equus has very low insurance rates – if you compare them to the price of the car. This full-size luxury sedan from the South Korean car manufacturer Hyundai Motor Company has a median price range of $32,995 – $65,400 in the used car market in the United States. The average annual insurance rates range from $1,445 to $3,746. The Equus being a luxury sedan, these rates are lower than what you would pay for other luxury cars.
If you are considering buying the Equus, you are probably wondering which state to buy it from. The median price of the Equus is the lowest in Oklahoma, where a used Equus is available for a median price of $32,995. If you live in Indiana or Massachusetts, where the median prices of the Equus are $48,891 and $ 65,400, respectively, you might want to buy your Equus from Oklahoma or one of the other states closer to home where the price is below $39,000.
Consider the table below.
|State||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)|
These are the states where the median price of the Equus is below $39,000. If you live in one of the adjoining states, you might want to consider making a trip to these states and driving your used Equus back home.
On the other hand, the median price of the Equus is above $46,000 in the states listed in the table below.
|State||Insurance average ($)||Median Price ($)||Insurance Percentage (%)|
If you live in one of these states, it might be wise for you to buy your Equus from one of the cheaper states and have it shipped back home. You could save up to $12,000 if you choose this option. Even if you add shipping costs and auto transport insurance to the cost of the vehicle, you will still save a huge amount, due to the vast difference in the median prices.