Hyundai Ioniq Insurance Rates

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UPDATED: May 17, 2024

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Average insurance rates for a Hyundai Ioniq are $1,156 a year including full coverage. Comprehensive insurance costs approximately $200 a year, collision insurance costs $338, and liability costs around $460. A policy with just liability insurance costs as low as $510 a year, and coverage for high-risk drivers costs $2,502 or more. 16-year-old drivers receive the highest rates at up to $4,546 a year.

Average premium for full coverage: $1,156

Rate estimates by individual coverage type:

Comprehensive $200
Collision $338
Liability $460

Price estimates include $500 policy deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and Ioniq trim levels.

Price Range by Coverage and Risk

For the normal driver, prices range range from the low end price of $510 for a discount liability-only rate to a high of $2,502 for a policy for a high-risk driver.

Liability Only $510
Full Coverage $1,156
High Risk $2,502

Price Range by Location

Where you live can have significant affects on car insurance prices. Rural locations tend to have lower incidents of comprehensive and collision claims than congested cities. The diagram below illustrates how geographic area affects auto insurance prices.

Rural Areas $867
Small Cities $1,214
Large Cities $1,561

These examples highlight why it is important to compare prices using their specific location, instead of using rate averages.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Rates by State, City, and Model

The chart below breaks down average Hyundai Ioniq insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $682
  • Using higher $1,000 deductibles will save $1,034 every year
  • The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,156
  • Buying low $100 deductibles for physical damage coverage will cost an additional $236 every year
  • Drivers with multiple tickets or accidents could pay around $2,502
  • The cost that insures a teen driver can cost $4,546 or more

View Chart as Image

Hyundai Ioniq insurance cost comparison chart
Column chart showing Hyundai Ioniq insurance prices range from $682 to $4,546 for full coverage

Insurance rates for a Hyundai Ioniq can also vary considerably based on the trim level of your Ioniq, your driving record and age, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you are likely paying anywhere from $1,400 to $1,900 additional per year, depending on your age. A high-risk auto insurance policy can be as much as 42% to 135% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,100 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $4,500 a year. View Rates by Age

Where you live has a huge impact on Hyundai Ioniq insurance prices. A driver around age 40 might see rates as low as $890 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,650 on average in Louisiana, New York, and Michigan.

Hyundai Ioniq Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,046 -$110 -9.5%
Alaska $886 -$270 -23.4%
Arizona $960 -$196 -17.0%
Arkansas $1,156 -$0 0.0%
California $1,316 $160 13.8%
Colorado $1,106 -$50 -4.3%
Connecticut $1,188 $32 2.8%
Delaware $1,308 $152 13.1%
Florida $1,446 $290 25.1%
Georgia $1,066 -$90 -7.8%
Hawaii $830 -$326 -28.2%
Idaho $782 -$374 -32.4%
Illinois $862 -$294 -25.4%
Indiana $868 -$288 -24.9%
Iowa $780 -$376 -32.5%
Kansas $1,098 -$58 -5.0%
Kentucky $1,576 $420 36.3%
Louisiana $1,710 $554 47.9%
Maine $714 -$442 -38.2%
Maryland $954 -$202 -17.5%
Massachusetts $926 -$230 -19.9%
Michigan $2,008 $852 73.7%
Minnesota $968 -$188 -16.3%
Mississippi $1,384 $228 19.7%
Missouri $1,026 -$130 -11.2%
Montana $1,240 $84 7.3%
Nebraska $912 -$244 -21.1%
Nevada $1,386 $230 19.9%
New Hampshire $834 -$322 -27.9%
New Jersey $1,294 $138 11.9%
New Mexico $1,024 -$132 -11.4%
New York $1,218 $62 5.4%
North Carolina $666 -$490 -42.4%
North Dakota $946 -$210 -18.2%
Ohio $798 -$358 -31.0%
Oklahoma $1,188 $32 2.8%
Oregon $1,060 -$96 -8.3%
Pennsylvania $1,102 -$54 -4.7%
Rhode Island $1,542 $386 33.4%
South Carolina $1,048 -$108 -9.3%
South Dakota $974 -$182 -15.7%
Tennessee $1,014 -$142 -12.3%
Texas $1,392 $236 20.4%
Utah $856 -$300 -26.0%
Vermont $790 -$366 -31.7%
Virginia $692 -$464 -40.1%
Washington $894 -$262 -22.7%
West Virginia $1,060 -$96 -8.3%
Wisconsin $800 -$356 -30.8%
Wyoming $1,030 -$126 -10.9%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city

Opting for high physical damage deductibles could cut rates by as much as $360 every year, while buying higher liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

Hyundai Ioniq Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2022 Hyundai Ioniq $240 $446 $430 $1,274
2021 Hyundai Ioniq $226 $430 $442 $1,256
2020 Hyundai Ioniq $218 $400 $452 $1,228
2019 Hyundai Ioniq $208 $376 $456 $1,198
2018 Hyundai Ioniq $200 $338 $460 $1,156
2017 Hyundai Ioniq $188 $310 $460 $1,116

Rates are averaged for all Hyundai Ioniq models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheaper Hyundai Ioniq Insurance

Saving money on car insurance requires being safe and accident-free, having a good credit score, not filing small claims, and consideration of higher deductibles. Comparison shop every year by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local auto insurance providers.

Below you'll find a condensed summary of the coverage data presented in the illustrations above.

  • You may be able to save around $130 per year just by quoting early and online
  • Increasing deductibles can save approximately $350 each year
  • Youthful drivers are the costliest to insure, as much as $379 per month if comprehensive and collision insurance is included
  • Higher risk drivers with multiple at-fault accidents will likely pay on average $1,350 more per year than a low-risk driver

Rates by Driver Age

Hyundai Ioniq Insurance Rates by Driver Age
Driver Age Premium
16 $4,546
20 $2,668
30 $1,186
40 $1,156
50 $1,060
60 $1,038

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,392
$250 $1,282
$500 $1,156
$1,000 $1,034

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,156
50/100 $1,248
100/300 $1,363
250/500 $1,662
100 CSL $1,294
300 CSL $1,547
500 CSL $1,731

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Insurance Rates for High Risk Drivers
Age Premium
16 $6,438
20 $4,254
30 $2,538
40 $2,502
50 $2,394
60 $2,372

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $160

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $60
Multi-vehicle $62
Homeowner $19
5-yr Accident Free $78
5-yr Claim Free $74
Paid in Full/EFT $47
Advance Quote $54
Online Quote $80
Total Discounts $474
Rate after discounts $682

Discounts are estimated and may not be available from every company or in every state.

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