Hyundai Ioniq Electric Insurance Rates
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UPDATED: May 12, 2024
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Estimated insurance prices for a Hyundai Ioniq Electric are $1,300 every 12 months for full coverage. Comprehensive costs around $240 each year, collision costs $446, and liability coverage costs $456. A liability-only policy costs as little as $508 a year, with high-risk insurance costing around $2,826. Teenage drivers pay the most at $5,010 a year or more.
Average premium for full coverage: $1,300
Premium estimates for type of coverage:
Price estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all states and Ioniq Electric models.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a Hyundai Ioniq Electric go from the cheapest price of $508 for a discount liability-only rate to a high rate of $2,826 for a driver who requires high-risk insurance.
Insurance Price Range by Location
Your location has a large influence on auto insurance rates. Areas with sparse population are statistically proven to have more infrequent accident claims than densely populated cities.
The graphic below illustrates how location helps determine auto insurance rates.
These rate differences show why all drivers should compare rates for a specific zip code and their own driving history, 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.
Rates by State, City, and Model
The chart below shows estimated Hyundai Ioniq Electric insurance rates for additional coverage choices and driver risks.
- The best discount rate is $752
- Drivers who choose higher $1,000 deductibles will pay about $156 a year
- The average price for a 40-year-old good driver using $500 deductibles is $1,300
- Using low deductibles for comprehensive and collision insurance increases the price to $1,604
- High-risk insureds who are prone to accidents and violations could pay at least $2,826 or more
- An auto insurance policy to insure a teenage driver can be $5,010 a year
Auto insurance prices for a Hyundai Ioniq Electric also have a wide range based on physical damage deductibles and liability limits, your driver profile, and the trim level and model year.
Using high physical damage deductibles could save up to $460 a year, whereas increasing liability limits will increase prices. Going from a 50/100 liability limit to a 250/500 limit will cost up to $411 extra every year. View Rates by Deductible or Liability Limit
More mature drivers with a good driving record and higher 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, since even excellent drivers will have to pay as much as $5,000 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you could be paying at least $1,600 to $2,200 in extra premium annually, depending on your age. Insurance for high-risk drivers can cost around 44% to 137% more than a normal policy. View High Risk Driver Rates
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 $860 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,860 on average in Michigan, Louisiana, and New York.
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% |
With such a large range in prices, the only way to know your exact price is to do a rate comparison and see how they stack up. Every company uses a different method to calculate prices, and quoted prices will be substantially different.
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 Shop for Cheaper Hyundai Ioniq Electric Insurance
Finding better rates on auto insurance not only requires being a low-risk driver, but also having a good credit score, not filing small claims, and maximizing policy discounts. Invest time comparing rates at every other renewal by getting quotes from direct carriers, and also from local exclusive and independent agents.
The items below are a condensed summary of the concepts that were covered in the charts and tables above.
- Drivers with multiple at-fault accidents may pay on average $1,530 more every year to insure their Ioniq Electric
- Teen drivers are expensive to insure, as much as $418 per month if comprehensive and collision insurance is included
- Drivers can save up to $150 per year simply by quoting online in advance
- Increasing policy deductibles could save as much as $450 each year
- Drivers can save up to $150 per year simply by quoting online in advance
Rate Tables and Charts
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
Deductible | Premium |
---|---|
$100 | $1,604 |
$250 | $1,462 |
$500 | $1,300 |
$1,000 | $1,144 |
Full coverage, driver age 40
Rates by Liability Limit
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
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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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