Hyundai Ioniq Electric Insurance Rates
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UPDATED: May 12, 2024
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U.S. average insurance rates for a Hyundai Ioniq Electric are $1,334 a year with full coverage. Comprehensive costs approximately $250, collision insurance costs $474, and liability coverage is $452. Liability-only coverage costs around $504 a year, and high-risk coverage costs around $2,900. Teen drivers pay the highest rates at up to $5,112 a year.
Average premium for full coverage: $1,334
Price estimates by individual coverage:
Prices include $500 comprehensive and collision deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all U.S. states and for different Ioniq Electric trim levels.
Price Range from Low to High
For the average 40-year-old driver, Hyundai Ioniq Electric insurance prices range from as low as $504 for a discount liability-only rate to a much higher rate of $2,900 for high-risk insurance.
Geographic Price Range
Choosing to live in a large city has a large influence on the price of insurance. Rural locations have a lower frequency of collision claims than larger metro areas. The price range example below illustrates the difference location can make on auto insurance prices.
The ranges above demonstrate why anyone shopping for car insurance should compare rates quotes using their specific location and risk profile, 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.
Rates by State, City, and Model
The chart below details average Hyundai Ioniq Electric insurance rates for additional coverage and risk scenarios.
- The lowest rate with discounts is $768
- Raising to $1,000 deductibles will save $164 annually
- The average rate for the average middle-age driver who chooses $500 deductibles is $1,334
- Choosing more expensive low deductibles will increase the cost to $1,654
- Unlucky drivers with multiple violations and an at-fault accident could pay around $2,900
- The price for full coverage for a teenage driver with full coverage can cost $5,112
Auto insurance prices for a Hyundai Ioniq Electric are also quite variable based on your driving record, the trim level and model year, and physical damage deductibles and liability limits.
An older driver with a good driving record and high deductibles may only pay around $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay in the ballpark of $5,100 a year. View Rates by Age
The state you live in also has a big influence on Hyundai Ioniq Electric insurance rates. A middle-age driver might find prices as low as $960 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,800 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,206 | -$128 | -9.6% |
| Alaska | $1,024 | -$310 | -23.2% |
| Arizona | $1,106 | -$228 | -17.1% |
| Arkansas | $1,334 | -$0 | 0.0% |
| California | $1,518 | $184 | 13.8% |
| Colorado | $1,272 | -$62 | -4.6% |
| Connecticut | $1,372 | $38 | 2.8% |
| Delaware | $1,508 | $174 | 13.0% |
| Florida | $1,668 | $334 | 25.0% |
| Georgia | $1,230 | -$104 | -7.8% |
| Hawaii | $956 | -$378 | -28.3% |
| Idaho | $902 | -$432 | -32.4% |
| Illinois | $994 | -$340 | -25.5% |
| Indiana | $1,004 | -$330 | -24.7% |
| Iowa | $898 | -$436 | -32.7% |
| Kansas | $1,266 | -$68 | -5.1% |
| Kentucky | $1,818 | $484 | 36.3% |
| Louisiana | $1,974 | $640 | 48.0% |
| Maine | $822 | -$512 | -38.4% |
| Maryland | $1,100 | -$234 | -17.5% |
| Massachusetts | $1,068 | -$266 | -19.9% |
| Michigan | $2,316 | $982 | 73.6% |
| Minnesota | $1,116 | -$218 | -16.3% |
| Mississippi | $1,596 | $262 | 19.6% |
| Missouri | $1,184 | -$150 | -11.2% |
| Montana | $1,432 | $98 | 7.3% |
| Nebraska | $1,052 | -$282 | -21.1% |
| Nevada | $1,598 | $264 | 19.8% |
| New Hampshire | $962 | -$372 | -27.9% |
| New Jersey | $1,490 | $156 | 11.7% |
| New Mexico | $1,180 | -$154 | -11.5% |
| New York | $1,404 | $70 | 5.2% |
| North Carolina | $768 | -$566 | -42.4% |
| North Dakota | $1,092 | -$242 | -18.1% |
| Ohio | $922 | -$412 | -30.9% |
| Oklahoma | $1,368 | $34 | 2.5% |
| Oregon | $1,220 | -$114 | -8.5% |
| Pennsylvania | $1,272 | -$62 | -4.6% |
| Rhode Island | $1,778 | $444 | 33.3% |
| South Carolina | $1,208 | -$126 | -9.4% |
| South Dakota | $1,124 | -$210 | -15.7% |
| Tennessee | $1,168 | -$166 | -12.4% |
| Texas | $1,608 | $274 | 20.5% |
| Utah | $986 | -$348 | -26.1% |
| Vermont | $912 | -$422 | -31.6% |
| Virginia | $798 | -$536 | -40.2% |
| Washington | $1,030 | -$304 | -22.8% |
| West Virginia | $1,220 | -$114 | -8.5% |
| Wisconsin | $922 | -$412 | -30.9% |
| Wyoming | $1,188 | -$146 | -10.9% |
Choosing high deductibles can reduce prices by up to $490 a year, while increasing your policy's liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $407 extra every year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you may be forking out anywhere from $1,600 to $2,200 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost around 43% to 134% more than average. View High Risk Driver Rates
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2022 Hyundai Ioniq Electric | $294 | $566 | $398 | $1,416 |
| 2021 Hyundai Ioniq Electric | $284 | $552 | $416 | $1,410 |
| 2020 Hyundai Ioniq Electric | $274 | $530 | $430 | $1,392 |
| 2019 Hyundai Ioniq Electric | $260 | $512 | $442 | $1,372 |
| 2018 Hyundai Ioniq Electric | $250 | $474 | $452 | $1,334 |
| 2017 Hyundai Ioniq Electric | $240 | $446 | $456 | $1,300 |
Rates are averaged for all Hyundai Ioniq Electric models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find the Right Hyundai Ioniq Electric Insurance
Getting lower rates on auto insurance consists of having a decent driving record, having good credit, avoid buying unnecessary coverage, and possibly higher deductibles. Make time to compare rates every couple of years by getting rate quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.
The following items are a quick rundown of the material that was touched on in this article.
- Consumers who purchase additional liability coverage will pay about $500 every year to raise from a low limit to 250/500 limits
- 16 to 18-year-old drivers have the highest car insurance prices, costing up to $426 a month if they have full coverage
- Drivers with reckless driving or DUI convictions pay on average $1,570 more per year than a driver with a clean driving record
- Increasing physical damage deductibles can save around $475 each year
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,112 |
| 20 | $3,094 |
| 30 | $1,382 |
| 40 | $1,334 |
| 50 | $1,220 |
| 60 | $1,196 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,654 |
| $250 | $1,504 |
| $500 | $1,334 |
| $1,000 | $1,170 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,334 |
| 50/100 | $1,424 |
| 100/300 | $1,537 |
| 250/500 | $1,831 |
| 100 CSL | $1,470 |
| 300 CSL | $1,718 |
| 500 CSL | $1,899 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,280 |
| 20 | $4,934 |
| 30 | $2,952 |
| 40 | $2,900 |
| 50 | $2,770 |
| 60 | $2,746 |
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 | $71 |
| Multi-vehicle | $72 |
| Homeowner | $21 |
| 5-yr Accident Free | $96 |
| 5-yr Claim Free | $87 |
| Paid in Full/EFT | $59 |
| Advance Quote | $66 |
| Online Quote | $94 |
| Total Discounts | $566 |
Discounts are estimated and may not be available from every company or in every state.
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