Hyundai Ioniq Electric Insurance Rates
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UPDATED: May 12, 2024
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Estimated auto insurance rates for a Hyundai Ioniq Electric are $1,334 annually for full coverage insurance. Comprehensive costs on average $250, collision insurance costs $474, and liability coverage costs $452. A liability-only policy costs as little as $504 a year, and high-risk insurance costs around $2,900. Teenage drivers pay the most at up to $5,112 a year.
Average premium for full coverage: $1,334
Premium estimates by type of coverage:
Estimates include $500 physical damage deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 states and for different Ioniq Electric trim levels.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a Hyundai Ioniq Electric range from as cheap as $504 for just the minimum liability insurance to a much higher rate of $2,900 for coverage for higher-risk drivers.
Insurance Price Range by Location
Your location has a large influence on insurance rates. Rural areas are statistically proven to have fewer physical damage claims than densely populated cities. The price range example below illustrates how location helps determine car insurance rates.
These rate differences illustrate why anyone shopping for car insurance should compare rates based on a specific location and their own personal driving habits, rather than using average rates.
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.
Additional Rate Analysis
The chart below illustrates average Hyundai Ioniq Electric insurance rates for different risk profiles and scenarios.
- The best discount rate is $768
- Drivers who choose higher $1,000 deductibles will pay around $164 each year
- The estimated rate for a 40-year-old good driver with $500 deductibles is $1,334
- Using more expensive low deductibles for comprehensive and collision insurance will cost $1,654
- High-risk insureds who are prone to accidents and violations could pay upwards of $2,900
- An auto insurance policy with full coverage for a teenage driver with full coverage may cost $5,112 a year
Auto insurance prices for a Hyundai Ioniq Electric also have a wide range based on the model of your Ioniq Electric, your risk profile, and policy deductibles and limits.
An older driver with a good driving record and high physical damage deductibles may only pay around $1,200 per year on average, or $100 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will have to pay upwards of $5,100 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you are probably paying at a minimum $1,600 to $2,200 in extra premium annually, depending on your age. High-risk driver insurance can cost around 43% to 134% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles could save up to $490 a year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $407 extra every year. View Rates by Deductible or Liability Limit
Where you choose to live makes a big difference in Hyundai Ioniq Electric insurance rates. A 40-year-old driver could pay as low as $870 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,800 on average in Michigan, New York, 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% |
| 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 Buy Low Cost Hyundai Ioniq Electric Insurance
Finding better rates on auto insurance not only requires being a safe and courteous driver, but also having above-average credit, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Invest time comparing rates at least once a year by getting quotes from direct insurance companies, and also from local exclusive and independent agents.
Below is a review of the primary concepts that were covered in the charts and tables above.
- It is possible to save as much as $160 per year just by shopping early and online
- Drivers who have several accidents or serious violations may pay on average $1,570 more each year for auto insurance
- Increasing policy deductibles could save up to $475 each year
- Teenage drivers are charged the highest prices, with premiums being up to $426 per month if full coverage is included
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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