Hydroplaning is a phenomenon that occurs when a layer of water between the tire and pavement pushes the tire upward. The tire detaches from the pavement, preventing it from providing sufficient forces and moments for the vehicle to respond to driver control inputs such as breaking, accelerating, and steering. This work is mainly focused on the tire and its interaction with the pavement to address hydroplaning. Using a tire model that is validated based on results found in the literature, fluid–structure interaction (FSI) between the tire-water-road surfaces is investigated through two approaches. In the first approach, the coupled Eulerian–Lagrangian (CEL) formulation was used. The drawback associated with the CEL method is the laminar assumption and that the behavior of the fluid at length scales smaller than the smallest element size is not captured. To improve the simulation results, in the second approach, an FSI model incorporating finite element methods (FEMs) and the Navier–Stokes equations for a two-phase flow of water and air, and the shear stress transport k–ω turbulence model, was developed and validated, improving the prediction of real hydroplaning scenarios. With large computational and processing requirements, a grid dependence study was conducted for the tire simulations to minimize the mesh size yet retain numerical accuracy. The improved FSI model was applied to hydroplaning speed and cornering force scenarios.