Hyundai Ioniq Electric Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: May 12, 2024

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The average auto insurance rates for a Hyundai Ioniq Electric are $1,300 annually for full coverage insurance. Comprehensive insurance costs an estimated $240 a year, collision insurance costs $446, and liability coverage costs around $456. Liability-only insurance costs as low as $508 a year, and high-risk driver insurance costs $2,826 or more. Teens cost the most to insure at up to $5,010 a year.

Average premium for full coverage: $1,300

Policy rates broken down by type of insurance:

Comprehensive $240
Collision $446
Liability $456

Includes $500 physical damage deductibles, 30/60 liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all 50 states and Ioniq Electric trim levels.

Price Range Variability

For the average driver, Hyundai Ioniq Electric insurance rates range from as cheap as $508 for just liability insurance to a high of $2,826 for a driver required to buy high-risk insurance.

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

Urban vs. Rural Price Range

Where you live has a large influence on the price of insurance. More rural locations are shown to have fewer physical damage claims than cities with more traffic congestion. The diagram below illustrates how location impacts insurance prices.

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

The examples above illustrate why it is important to compare prices for a targeted area and their own personal driving habits, rather than using averaged prices.

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 illustrates average Hyundai Ioniq Electric insurance rates for other coverage scenarios.

  • The cheapest rate after discounts is $752
  • Using higher $1,000 deductibles will save approximately $1,144 each year
  • The estimated rate for a good driver age 40 who has $500 deductibles is $1,300
  • Selecting low $100 deductibles for physical damage coverage costs an additional $304 each year
  • Higher-risk drivers with serious driving violations could pay up to $2,826
  • Policy cost with full coverage for a teenage driver can cost as much as $5,010 or more

View Chart as Image

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

Auto insurance rates for a Hyundai Ioniq Electric also range considerably based on the model year and trim level, your risk profile, and liability limits and deductibles.

Older drivers with a good driving record and high physical damage deductibles may only pay around $1,200 a year, or $100 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will have to pay at least $5,000 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are probably paying $1,600 to $2,200 in extra premium every year, depending on your age. A high-risk auto insurance policy can be around 44% to 137% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $460 a year, while buying higher liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $411 extra every year. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Hyundai Ioniq Electric insurance rates. A driver around age 40 might see rates as low as $850 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,760 on average in Florida, New York, and Michigan.

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
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 Buy the Cheapest Hyundai Ioniq Electric Insurance

Finding cheaper rates on auto insurance requires being a safe and courteous driver, having above-average credit, being claim-free, and consideration of higher deductibles. Spend time shopping around at every policy renewal by getting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

Below is a recap of the data touched on above.

  • Consumers who want higher levels of liability will pay approximately $500 annually to increase from a 30/60 limit to higher 250/500 limits
  • It is possible to save approximately $150 per year just by quoting early and online
  • Increasing comprehensive and collision deductibles could save up to $450 each year
  • Teenage drivers are the costliest to insure, possibly costing $418 each month if full coverage is included

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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