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 costs around $460. Buying just liability costs as low as $510 a year, and insurance for high-risk drivers 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:

Estimates include $500 deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and Ioniq models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on auto insurance rates. Rural areas are shown to have more infrequent collision claims than densely populated cities. The graphic below illustrates how geographic area affects car insurance rates.

The examples above demonstrate why all drivers should compare prices based on a specific location and their own driving history, instead of making a decision based on average rates.

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

Detailed Rate Analysis

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 annually
• High-risk insureds who are prone to accidents and violations could pay upwards of $2,502
• Policy cost to insure a 16-year-old driver may cost $4,546 or more

View Chart as Image

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 annually, 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 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles may pay as low as $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay 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 from 42% to 135% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Hyundai Ioniq insurance prices. 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 Low Cost Hyundai Ioniq Insurance

Finding cheaper rates on insurance for a Hyundai Ioniq requires not taking risks behind the wheel, having good credit, not filing small claims, and determing if full coverage is necessary. Invest the time to compare rates at least every other year by getting rate quotes from direct companies, and also from local exclusive and independent agents.

The following is a review of the car insurance concepts presented in the illustrations above.

• Drivers considered higher risk who have several accidents or serious violations may pay on average $1,350 more each year for Ioniq insurance
• 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
• Insureds who require higher liability limits will pay an extra $510 every year to increase from a 30/60 limit to a 250/500 level