Hyundai Ioniq Insurance Rates

The average insurance prices for a Hyundai Ioniq are $1,156 every 12 months with full coverage. Comprehensive insurance costs on average $200 each year, collision insurance costs $338, and liability coverage costs around $460. A liability-only policy costs as low as $510 a year, and high-risk insurance costs $2,502 or more. Teenage drivers cost the most to insure at up to $4,546 a year.

Average premium for full coverage: $1,156

Policy rates by type of insurance:

Rate estimates include $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all U.S. states and Ioniq models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on auto insurance rates. Rural areas are shown to have more infrequent collision claims than densely populated cities. The graphic below illustrates how location impacts car insurance rates.

The examples above demonstrate why all drivers should compare prices based on a specific location and their own driving history, 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 $122 annually
• The average price for a good driver age 40 with $500 deductibles is $1,156
• Using low deductibles for physical damage coverage costs an extra $236 each year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,502
• Policy cost to insure a teenage driver may cost $4,546 or more

View Chart as Image

Car insurance rates for a Hyundai Ioniq also range considerably based on liability limits and deductibles, your driving record, and the trim level of your Ioniq.

Using high physical damage deductibles could cut rates by as much as $360 a year, whereas increasing liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may only pay around $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will be charged upwards of $4,500 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out at a minimum $1,400 to $1,900 extra every year, depending on your age. Insurance for high-risk drivers can be around 42% to 135% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Hyundai Ioniq insurance rates. A driver around age 40 might see rates 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 Shop for the Best Hyundai Ioniq Insurance

Finding cheaper rates on auto insurance requires having a decent driving record, maintaining a good credit score, not filing small claims, and possibly raising deductibles. Spend time shopping around at least every other year by getting quotes from direct companies, and also from local exclusive and independent agents.

The following items are a brief recap of the car insurance concepts touched on above.

• Drivers who tend to receive serious violations may pay on average $1,350 more each year than a driver with a clean driving record
• You may be able to save as much as $130 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles could save as much as $350 each year
• Consumers who require additional liability coverage will pay an extra $510 every year to increase from a 30/60 limit to a 250/500 level