Hyundai Ioniq Insurance Rates
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UPDATED: May 17, 2024
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Average auto insurance rates for a Hyundai Ioniq are $1,228 annually including full coverage. Comprehensive costs on average $218, collision insurance costs $400, and liability coverage is estimated at $452. A liability-only policy costs approximately $504 a year, and high-risk insurance costs around $2,664. Teen drivers receive the highest rates at up to $4,772 a year.
Average premium for full coverage: $1,228
Rate estimates by individual coverage type:
Prices are based on $500 policy deductibles, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for all Ioniq models.
Price Range by Coverage and Risk
For a driver in their 40's, prices range range from as cheap as $504 for just the minimum liability insurance to the much higher price of $2,664 for a high-risk insurance policy.
Price Range by Location
Living in a larger city has a large influence on car insurance rates. Rural areas tend to have fewer comprehensive and collision claims than larger metro areas. The example below illustrates how location helps determine car insurance rates.
These examples highlight why everyone should get quotes based on a specific location and their own personal driving habits, rather than using price 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.
Additional Rate Analysis
The chart below breaks down average Hyundai Ioniq insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $716
- Choosing higher $1,000 deductibles can save around $140 every year
- The estimated rate for a 40-year-old driver with $500 deductibles is $1,228
- Choosing pricier low deductibles for comp and collision coverage will cost $1,500
- Drivers with multiple violations and an at-fault accident could pay upwards of $2,664
- The cost with full coverage for a teenage driver for full coverage may cost $4,772 each year
Insurance rates for a Hyundai Ioniq can also vary considerably based on the trim level of your Ioniq, your driving characteristics, and policy deductibles and limits.
A more mature driver with a clean driving record and high physical damage deductibles may only pay around $1,200 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they can expect to pay upwards of $4,700 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are likely paying at a minimum $1,500 to $2,100 extra per year, depending on your age. Hyundai Ioniq insurance for high-risk drivers ranges around 44% to 136% more than average. View High Risk Driver Rates
Choosing high deductibles can save as much as $420 a year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $407 more per year. View Rates by Deductible or Liability Limit
Where you live plays a big part in determining prices for Hyundai Ioniq insurance rates. A good driver about age 40 could pay as low as $940 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,750 on average in Michigan, New York, and Louisiana.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,110 | -$118 | -9.6% |
Alaska | $940 | -$288 | -23.5% |
Arizona | $1,018 | -$210 | -17.1% |
Arkansas | $1,228 | -$0 | 0.0% |
California | $1,398 | $170 | 13.8% |
Colorado | $1,172 | -$56 | -4.6% |
Connecticut | $1,262 | $34 | 2.8% |
Delaware | $1,388 | $160 | 13.0% |
Florida | $1,536 | $308 | 25.1% |
Georgia | $1,132 | -$96 | -7.8% |
Hawaii | $880 | -$348 | -28.3% |
Idaho | $830 | -$398 | -32.4% |
Illinois | $914 | -$314 | -25.6% |
Indiana | $924 | -$304 | -24.8% |
Iowa | $826 | -$402 | -32.7% |
Kansas | $1,166 | -$62 | -5.0% |
Kentucky | $1,674 | $446 | 36.3% |
Louisiana | $1,816 | $588 | 47.9% |
Maine | $756 | -$472 | -38.4% |
Maryland | $1,012 | -$216 | -17.6% |
Massachusetts | $982 | -$246 | -20.0% |
Michigan | $2,132 | $904 | 73.6% |
Minnesota | $1,026 | -$202 | -16.4% |
Mississippi | $1,468 | $240 | 19.5% |
Missouri | $1,088 | -$140 | -11.4% |
Montana | $1,318 | $90 | 7.3% |
Nebraska | $968 | -$260 | -21.2% |
Nevada | $1,472 | $244 | 19.9% |
New Hampshire | $884 | -$344 | -28.0% |
New Jersey | $1,370 | $142 | 11.6% |
New Mexico | $1,086 | -$142 | -11.6% |
New York | $1,290 | $62 | 5.0% |
North Carolina | $708 | -$520 | -42.3% |
North Dakota | $1,006 | -$222 | -18.1% |
Ohio | $848 | -$380 | -30.9% |
Oklahoma | $1,260 | $32 | 2.6% |
Oregon | $1,124 | -$104 | -8.5% |
Pennsylvania | $1,172 | -$56 | -4.6% |
Rhode Island | $1,636 | $408 | 33.2% |
South Carolina | $1,110 | -$118 | -9.6% |
South Dakota | $1,036 | -$192 | -15.6% |
Tennessee | $1,074 | -$154 | -12.5% |
Texas | $1,480 | $252 | 20.5% |
Utah | $908 | -$320 | -26.1% |
Vermont | $840 | -$388 | -31.6% |
Virginia | $734 | -$494 | -40.2% |
Washington | $948 | -$280 | -22.8% |
West Virginia | $1,124 | -$104 | -8.5% |
Wisconsin | $848 | -$380 | -30.9% |
Wyoming | $1,094 | -$134 | -10.9% |
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2022 Hyundai Ioniq | $256 | $478 | $398 | $1,290 |
2021 Hyundai Ioniq | $248 | $466 | $416 | $1,288 |
2020 Hyundai Ioniq | $240 | $446 | $430 | $1,274 |
2019 Hyundai Ioniq | $226 | $430 | $442 | $1,256 |
2018 Hyundai Ioniq | $218 | $400 | $452 | $1,228 |
2017 Hyundai Ioniq | $208 | $376 | $456 | $1,198 |
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 Buy Affordable Hyundai Ioniq Insurance
Saving money on auto insurance takes being a good driver, having a good credit history, not filing small claims, and determing if full coverage is necessary. Invest time comparing rates at least every other year by requesting rates from direct car insurance companies like Progressive and GEICO, and also from several local insurance agents.
The following list is a brief review of the car insurance concepts covered in the charts and tables above.
- Drivers with DUI or reckless driving convictions pay on average $1,440 more each year than a safer driver
- You may be able to save as much as $150 per year just by quoting online well ahead of the renewal date
- Increasing deductibles could save up to $400 each year
- Consumers who require an increased level of liability coverage will pay about $500 per year to raise limits from a minimum limit to higher 250/500 limits
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $4,772 |
20 | $2,844 |
30 | $1,264 |
40 | $1,228 |
50 | $1,124 |
60 | $1,102 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,500 |
$250 | $1,374 |
$500 | $1,228 |
$1,000 | $1,088 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,228 |
50/100 | $1,318 |
100/300 | $1,431 |
250/500 | $1,725 |
100 CSL | $1,364 |
300 CSL | $1,612 |
500 CSL | $1,793 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $6,778 |
20 | $4,534 |
30 | $2,704 |
40 | $2,664 |
50 | $2,548 |
60 | $2,524 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
Discount | Savings |
---|---|
Multi-policy | $64 |
Multi-vehicle | $66 |
Homeowner | $20 |
5-yr Accident Free | $86 |
5-yr Claim Free | $79 |
Paid in Full/EFT | $52 |
Advance Quote | $59 |
Online Quote | $86 |
Total Discounts | $512 |
Discounts are estimated and may not be available from every company or in every state.
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