Hyundai Ioniq Electric Insurance Rates

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Cheap 2017 Hyundai Ioniq Electric Car Insurance Quotes in 2025

Do you think you bought an overpriced insurance coverage policy? Don't feel bad because many consumers are in the same pinch. Many insurance companies compete to insure your vehicles, and it can be difficult to compare rates and uncover the absolute cheapest price Smart consumers take time to compare prices quite often because insurance coverage prices are adjusted regularly by insurance companies...

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UPDATED: May 12, 2024

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U.S. average insurance rates for a Hyundai Ioniq Electric are $1,300 a year for full coverage. Comprehensive costs on average $240, collision insurance costs $446, and liability coverage costs around $456. Buying just liability costs as low as $508 a year, and insurance for high-risk drivers costs around $2,826. 16-year-old drivers pay the highest rates at up to $5,010 a year.

Average premium for full coverage: $1,300

Price estimates by individual coverage:

Comprehensive $240
Collision $446
Liability $456

Prices include $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all 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 the low end price of $508 for basic liability insurance to a much higher rate of $2,826 for a driver who requires high-risk insurance.

Liability Only $508
Full Coverage $1,300
High Risk $2,826

Geographic Price Range

Where you live has a large influence on car insurance rates. Rural areas have lower incidents of accident claims than congested cities. The price range example below illustrates the difference location can make on car insurance rates.

Rural Areas $975
Small Cities $1,365
Large Cities $1,755

The ranges above show why anyone shopping for car insurance should compare prices based on a specific location, rather than using rate 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.

Rate Comparisons

The chart below shows average Hyundai Ioniq Electric insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $752
  • Using higher $1,000 deductibles will save around $156 a year
  • The estimated price for the average middle-age driver with $500 deductibles is $1,300
  • Buying more expensive low deductibles for physical damage coverage bumps up the cost to $1,604
  • Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,826
  • The price that insures a teenage driver with full coverage may cost $5,010 or more

View Chart as Image

Hyundai Ioniq Electric insurance cost comparison chart
Column chart showing Hyundai Ioniq Electric insurance rates range from $752 to $5,010 for full coverage

Insurance prices for a Hyundai Ioniq Electric are also quite variable based on the model year and trim level, how you drive, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,600 to $2,200 additional each year, depending on your age. High-risk driver insurance can be around 44% to 137% more than the average rate. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,200 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay upwards of $5,000 a year. View Rates by Age

The state you live in has a huge impact on Hyundai Ioniq Electric insurance rates. A driver around age 40 might see prices as low as $860 a year in states like Idaho, Maine, and Iowa, or at least $1,860 on average in Michigan, Louisiana, and New York.

Hyundai Ioniq Electric Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,176 -$124 -9.5%
Alaska $998 -$302 -23.2%
Arizona $1,078 -$222 -17.1%
Arkansas $1,300 -$0 0.0%
California $1,482 $182 14.0%
Colorado $1,242 -$58 -4.5%
Connecticut $1,336 $36 2.8%
Delaware $1,472 $172 13.2%
Florida $1,628 $328 25.2%
Georgia $1,200 -$100 -7.7%
Hawaii $934 -$366 -28.2%
Idaho $878 -$422 -32.5%
Illinois $968 -$332 -25.5%
Indiana $978 -$322 -24.8%
Iowa $878 -$422 -32.5%
Kansas $1,236 -$64 -4.9%
Kentucky $1,774 $474 36.5%
Louisiana $1,924 $624 48.0%
Maine $804 -$496 -38.2%
Maryland $1,072 -$228 -17.5%
Massachusetts $1,040 -$260 -20.0%
Michigan $2,260 $960 73.8%
Minnesota $1,088 -$212 -16.3%
Mississippi $1,556 $256 19.7%
Missouri $1,152 -$148 -11.4%
Montana $1,398 $98 7.5%
Nebraska $1,024 -$276 -21.2%
Nevada $1,558 $258 19.8%
New Hampshire $936 -$364 -28.0%
New Jersey $1,454 $154 11.8%
New Mexico $1,152 -$148 -11.4%
New York $1,370 $70 5.4%
North Carolina $750 -$550 -42.3%
North Dakota $1,064 -$236 -18.2%
Ohio $898 -$402 -30.9%
Oklahoma $1,336 $36 2.8%
Oregon $1,192 -$108 -8.3%
Pennsylvania $1,240 -$60 -4.6%
Rhode Island $1,736 $436 33.5%
South Carolina $1,176 -$124 -9.5%
South Dakota $1,096 -$204 -15.7%
Tennessee $1,138 -$162 -12.5%
Texas $1,566 $266 20.5%
Utah $964 -$336 -25.8%
Vermont $892 -$408 -31.4%
Virginia $780 -$520 -40.0%
Washington $1,004 -$296 -22.8%
West Virginia $1,192 -$108 -8.3%
Wisconsin $902 -$398 -30.6%
Wyoming $1,160 -$140 -10.8%

View Chart as Image

Hyundai Ioniq Electric insurance rates by U.S. city

Opting for high physical damage deductibles could cut prices by as much as $460 a year, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $411 more each year. View Rates by Deductible or Liability Limit

Hyundai Ioniq Electric Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2022 Hyundai Ioniq Electric $284 $552 $416 $1,410
2021 Hyundai Ioniq Electric $274 $530 $430 $1,392
2020 Hyundai Ioniq Electric $260 $512 $442 $1,372
2019 Hyundai Ioniq Electric $250 $474 $452 $1,334
2018 Hyundai Ioniq Electric $240 $446 $456 $1,300
2017 Hyundai Ioniq Electric $230 $400 $460 $1,248

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 requires being a safe and courteous driver, having a good credit score, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Comparison shop at every other renewal by requesting rates from direct carriers, and also from local exclusive and independent agents.

Below is a quick rundown of the concepts that were touched on in this article.

  • Drivers with reckless driving or DUI convictions may pay on average $1,530 more each year for auto insurance
  • Teenage drivers pay higher prices, with premiums as much as $418 a month if comprehensive and collision insurance is included
  • Drivers can save as much as $150 per year just by shopping early and online
  • Increasing physical damage deductibles can save approximately $450 each year
  • Drivers can save as much as $150 per year just by shopping early and online

Rates by Driver Age

Hyundai Ioniq Electric Insurance Rates by Driver Age
Driver Age Premium
16 $5,010
20 $3,016
30 $1,344
40 $1,300
50 $1,190
60 $1,166

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Electric Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,604
$250 $1,462
$500 $1,300
$1,000 $1,144

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Electric Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,300
50/100 $1,391
100/300 $1,505
250/500 $1,802
100 CSL $1,437
300 CSL $1,688
500 CSL $1,870

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Electric Insurance Rates for High Risk Drivers
Age Premium
16 $7,128
20 $4,808
30 $2,874
40 $2,826
50 $2,702
60 $2,678

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.

SR-22 Surcharge $183

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $69
Multi-vehicle $70
Homeowner $21
5-yr Accident Free $93
5-yr Claim Free $84
Paid in Full/EFT $57
Advance Quote $63
Online Quote $91
Total Discounts $548
Rate after discounts $752

Discounts are estimated and may not be available from every company or in every state.

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