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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U.S. average auto insurance rates for a Hyundai Ioniq Electric are $1,334 annually including full coverage. Comprehensive costs around $250, collision costs $474, and liability insurance is estimated at $452. A policy with just liability insurance costs approximately $504 a year, with coverage for high-risk drivers costing around $2,900. Teen drivers pay the highest rates at $5,112 a year or more.

Average premium for full coverage: $1,334

Price estimates for individual coverage:

Comprehensive $250
Collision $474
Liability $452

Estimates include $500 policy deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 U.S. states and for all Ioniq Electric models.

Price Range from Low to High

Using a 40-year-old driver as an example, Hyundai Ioniq Electric insurance prices go from as cheap as $504 for the bare minimum liability coverage to the much higher price of $2,900 for coverage for higher-risk drivers.

Liability Only $504
Full Coverage $1,334
High Risk $2,900

Geographic Price Range

Living in a larger city has a significant impact on the price of insurance. Areas with sparse population have fewer comprehensive and collision claims than larger metro areas.

The example below illustrates how rural and urban location affects auto insurance rates.

Rural Areas $1,001
Small Cities $1,401
Large Cities $1,801

The ranges above highlight why everyone should get quotes for a specific zip code and their own personal driving habits, rather than relying on 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.

Additional Rate Information

The chart below breaks down estimated Hyundai Ioniq Electric insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $768
  • Choosing higher $1,000 deductibles can save about $164 every year
  • The estimated rate for the average middle-age driver using $500 deductibles is $1,334
  • Choosing pricier low deductibles for comp and collision coverage will cost $1,654
  • High-risk insureds with multiple violations and an at-fault accident could pay at least $2,900 or more
  • The price with full coverage for a teen driver for full coverage can be $5,112 each year

View Chart as Image

Hyundai Ioniq Electric insurance cost comparison chart
Column chart showing full coverage Hyundai Ioniq Electric insurance rates range from $768 to $5,112

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

A more mature driver with a clean driving record and high physical damage deductibles could pay as little as $1,200 annually on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they can expect to pay as much as $5,100 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are likely paying at least $1,600 to $2,200 extra each year, depending on your age. Hyundai Ioniq Electric insurance for high-risk drivers ranges anywhere from 43% to 134% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $490 each year, whereas buying more liability protection will increase prices. Changing from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $407 more per year. View Rates by Deductible or Liability Limit

The state you live in plays a big part in determining prices for Hyundai Ioniq Electric insurance rates. A good driver about age 40 could pay as low as $1,020 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,900 on average in Michigan, New York, and Louisiana.

Hyundai Ioniq Electric Insurance Rates by State
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%

View Chart as Image

Hyundai Ioniq Electric insurance rates by U.S. city

Since prices can be so different, the best way to figure out your exact price is to regularly compare prices from as many companies as possible. Each auto insurer uses a different rate calculation, so the prices may be quite different between companies.

Hyundai Ioniq Electric Insurance Rates by Model Year
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

Getting lower rates on Hyundai Ioniq Electric insurance takes being a good driver, having a good credit history, being claim-free, and insuring your home and auto with the same company. Set aside time to shop around at least once a year by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following list is a review of the primary concepts that were raised in the charts and tables above.

  • You may be able to save up to $160 per year simply by quoting online well ahead of the renewal date
  • High-risk drivers who have several accidents or serious violations may pay on average $1,570 more every year than a safer driver
  • Increasing physical damage deductibles could save up to $475 each year
  • Drivers age 16 to 20 pay higher prices, possibly costing $426 a month including comprehensive and collision insurance

Rates by Driver Age

Hyundai Ioniq Electric Insurance 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

Hyundai Ioniq Electric Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,654
$250 $1,504
$500 $1,334
$1,000 $1,170

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Electric Insurance Rates with Different Liability Limits
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

Hyundai Ioniq Electric Insurance 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.

SR-22 Surcharge $188

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
Rate after discounts $768

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

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