Hyundai Ioniq Insurance Rates

U.S. average auto insurance rates for a Hyundai Ioniq are $1,156 annually with full coverage. Comprehensive insurance costs on average $200 a year, collision insurance costs $338, and liability coverage costs around $460. Liability-only insurance costs as low as $510 a year, and high-risk driver insurance costs $2,502 or more. Teenage drivers pay the highest rates at up to $4,546 a year.

Average premium for full coverage: $1,156

Price estimates by individual coverage:

Prices are based on $500 deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all U.S. states and Ioniq trim levels.

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on auto insurance rates. Rural areas have fewer collision claims than densely populated cities. The diagram below illustrates how location impacts car insurance rates.

The ranges above demonstrate why it is important to compare prices based on a specific location and their own personal driving habits, rather than using average rates.

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

Rates by State, City, and Model

The chart below details average Hyundai Ioniq insurance rates for different risk profiles and scenarios.

• The best discount rate is $682
• Using higher $1,000 deductibles will save around $1,034 annually
• The estimated rate for the average middle-age driver with $500 deductibles is $1,156
• Using low $100 deductibles for physical damage coverage costs an additional $236 each year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,502
• The price with full coverage for a teenage driver may cost $4,546 or more

View Chart as Image

Car insurance prices for a Hyundai Ioniq are also quite variable based on the trim level and model year, your driving record, and policy deductibles and limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,100 a year for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they will be charged upwards of $4,500 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you may be forking out at a minimum $1,400 to $1,900 extra each year, depending on your age. A high-risk auto insurance policy can be around 42% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut prices by as much as $360 a year, while buying higher liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

The state you live in has a huge impact on Hyundai Ioniq insurance rates. A driver around age 40 might see prices as low as $830 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,560 on average in Florida, Michigan, and New York.

View Chart as Image

How to Buy Affordable Hyundai Ioniq Insurance

Getting lower rates on auto insurance requires not taking risks behind the wheel, having a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Spend time shopping around every couple of years by requesting rates from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following is a brief review of the material that was touched on above.

• Consumers who require higher liability limits will pay an extra $510 every year to increase from a low limit to higher 250/500 limits
• Teens are expensive to insure, costing up to $379 a month if comprehensive and collision insurance is included
• Drivers with DUI or reckless driving convictions pay an average of $1,350 more each year for Ioniq insurance
• Increasing physical damage deductibles could save up to $350 each year