Hyundai Ioniq Insurance Rates
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Michelle Robbins
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UPDATED: May 17, 2024
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The average insurance prices for a Hyundai Ioniq are $1,156 every 12 months for full coverage. Comprehensive insurance costs around $200 a year, collision insurance costs $338, and liability is $460. Buying just liability costs around $510 a year, and insurance for high-risk drivers costs $2,502 or more. Teen drivers cost the most to insure at up to $4,546 a year.
Average premium for full coverage: $1,156
Policy rates for type of insurance:
Full coverage includes $500 policy deductibles, 30/60 liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all states and Ioniq trim levels.
Price Range Variability
For a driver around age 40, Hyundai Ioniq insurance rates range from the cheapest price of $510 for just liability insurance to a high of $2,502 for a driver required to buy high-risk insurance.
Urban vs. Rural Price Range
Choosing to live in a large city can have significant affects on auto insurance rates. Areas with sparse population are shown to have more infrequent accident claims than larger metro areas. The diagram below illustrates the difference between rural and urban areas on auto insurance rates.
The examples above show why it is important to compare rates quotes for a specific zip code and their own driving history, instead of 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.
More Rate Details
The chart below shows average Hyundai Ioniq insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $682
- Raising to $1,000 deductibles will save about $1,034 a year
- The average price for a good driver age 40 using $500 deductibles is $1,156
- Choosing low $100 deductibles costs an extra $236 every year
- At-risk drivers with multiple violations and an at-fault accident could pay at least $2,502
- Policy cost to insure a teen driver can be $4,546
Insurance rates for a Hyundai Ioniq also range considerably based on liability limits and deductibles, your driver profile, and the trim level and model year.
Choosing high deductibles can reduce rates by up to $360 every year, while buying higher liability limits will increase rates. Going 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
Older drivers with a clean driving record and higher deductibles may pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay as much as $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 could be paying at least $1,400 to $1,900 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 42% to 135% more than average. View High Risk Driver Rates
Your home state also has a big influence on Hyundai Ioniq insurance prices. A middle-age driver might find rates as low as $760 a year in states like Idaho, Maine, and Iowa, or as much as $1,650 on average in Michigan, Louisiana, and New York.
| 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% |
| 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 Shop for More Affordable Hyundai Ioniq Insurance
Finding cheaper rates on car insurance consists of being safe and accident-free, having good credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Set aside time to compare rates at every policy renewal by getting rate quotes from direct carriers, and also from local exclusive and independent agents.
Below you'll find a summary of the data covered above.
- Policyholders who may need more liability protection will pay about $510 each year to raise from a 30/60 limit to a 250/500 level
- Drivers can save up to $130 per year just by quoting early and online
- Increasing comprehensive and collision deductibles could save as much as $350 each year
- Youthful drivers pay higher rates, costing up to $379 each month if they have full coverage
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,392 |
| $250 | $1,282 |
| $500 | $1,156 |
| $1,000 | $1,034 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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