Hyundai Ioniq Hybrid 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 20, 2024

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The average insurance rates for a Hyundai Ioniq Hybrid are $1,370 a year for full coverage. Comprehensive costs approximately $272, collision insurance costs $524, and liability coverage is estimated at $416. Liability-only coverage costs approximately $474 a year, and high-risk coverage costs around $2,976. Teens cost the most to insure at up to $5,174 a year.

Average premium for full coverage: $1,370

Policy rates by type of insurance:

Comprehensive $272
Collision $524
Liability $416

Rates are based on $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all states and for different Ioniq Hybrid trim levels.

Price Range Variability

Using a middle-aged driver as an example, Hyundai Ioniq Hybrid insurance rates range from as low as $474 for basic liability insurance to a much higher rate of $2,976 for a high-risk driver policy.

Liability Only $474
Full Coverage $1,370
High Risk $2,976

Urban vs. Rural Price Range

Living in a larger city has a large influence on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than cities with more traffic congestion. The price range example below illustrates how where you live affects auto insurance prices.

Rural Areas $1,028
Small Cities $1,439
Large Cities $1,850

The examples above show why anyone shopping for car insurance should get quotes using their specific location and risk profile, 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.

Rate Comparisons

The chart below shows average Hyundai Ioniq Hybrid insurance rates for additional coverage and risk scenarios.

  • The cheapest rate after discounts is $786
  • Choosing higher $1,000 deductibles can save $182 a year
  • The average rate for a good driver age 40 who chooses $500 deductibles is $1,370
  • Selecting more expensive low deductibles for comp and collision coverage will increase the cost to $1,720
  • Drivers with serious driving violations could pay around $2,976
  • Policy cost for full coverage for a teenage driver with full coverage can cost $5,174 each year

View Chart as Image

Hyundai Ioniq Hybrid insurance cost comparison chart
Column chart showing Hyundai Ioniq Hybrid insurance rates range from $786 to $5,174 for full coverage

Insurance rates for a Hyundai Ioniq Hybrid also range considerably based on your risk profile, the trim level of your Ioniq Hybrid, and physical damage deductibles and liability limits.

An older driver with no violations or accidents and high deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay in the ballpark of $5,100 a year. View Rates by Age

Your home state plays a big part in determining prices for Hyundai Ioniq Hybrid insurance rates. A good driver about age 40 could pay as low as $900 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,960 on average in New York, Louisiana, and Michigan.

Hyundai Ioniq Hybrid Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,240 -$130 -9.5%
Alaska $1,052 -$318 -23.2%
Arizona $1,138 -$232 -16.9%
Arkansas $1,370 -$0 0.0%
California $1,560 $190 13.9%
Colorado $1,310 -$60 -4.4%
Connecticut $1,410 $40 2.9%
Delaware $1,550 $180 13.1%
Florida $1,714 $344 25.1%
Georgia $1,266 -$104 -7.6%
Hawaii $984 -$386 -28.2%
Idaho $926 -$444 -32.4%
Illinois $1,020 -$350 -25.5%
Indiana $1,032 -$338 -24.7%
Iowa $926 -$444 -32.4%
Kansas $1,304 -$66 -4.8%
Kentucky $1,870 $500 36.5%
Louisiana $2,028 $658 48.0%
Maine $844 -$526 -38.4%
Maryland $1,130 -$240 -17.5%
Massachusetts $1,096 -$274 -20.0%
Michigan $2,380 $1,010 73.7%
Minnesota $1,146 -$224 -16.4%
Mississippi $1,642 $272 19.9%
Missouri $1,216 -$154 -11.2%
Montana $1,472 $102 7.4%
Nebraska $1,080 -$290 -21.2%
Nevada $1,642 $272 19.9%
New Hampshire $988 -$382 -27.9%
New Jersey $1,530 $160 11.7%
New Mexico $1,212 -$158 -11.5%
New York $1,444 $74 5.4%
North Carolina $790 -$580 -42.3%
North Dakota $1,120 -$250 -18.2%
Ohio $948 -$422 -30.8%
Oklahoma $1,408 $38 2.8%
Oregon $1,256 -$114 -8.3%
Pennsylvania $1,308 -$62 -4.5%
Rhode Island $1,826 $456 33.3%
South Carolina $1,240 -$130 -9.5%
South Dakota $1,158 -$212 -15.5%
Tennessee $1,200 -$170 -12.4%
Texas $1,652 $282 20.6%
Utah $1,016 -$354 -25.8%
Vermont $938 -$432 -31.5%
Virginia $822 -$548 -40.0%
Washington $1,060 -$310 -22.6%
West Virginia $1,256 -$114 -8.3%
Wisconsin $948 -$422 -30.8%
Wyoming $1,220 -$150 -10.9%

View Chart as Image

Hyundai Ioniq Hybrid insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles can save as much as $540 a year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $375 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying anywhere from $1,600 to $2,300 additional every year, depending on your age. High-risk driver insurance ranges around 44% to 130% more than the average policy. View High Risk Driver Rates

Hyundai Ioniq Hybrid Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2022 Hyundai Ioniq Hybrid $272 $524 $416 $1,370
2021 Hyundai Ioniq Hybrid $262 $502 $430 $1,352

Rates are averaged for all Hyundai Ioniq Hybrid 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 Best Cheap Hyundai Ioniq Hybrid Insurance

Finding cheaper rates on auto insurance takes being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and consideration of higher deductibles. Take the time to comparison shop every time your policy renews by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The items below are a quick review of the information touched on in the above illustrations.

  • Drivers can save around $170 per year just by shopping early and online
  • Teen drivers are the costliest to insure, costing up to $431 each month including comprehensive and collision insurance
  • Increasing comprehensive and collision deductibles can save around $525 each year
  • Drivers with a DUI or reckless driving violation may pay on average $1,610 more per year to insure their Ioniq Hybrid
  • Consumers who purchase more liability coverage will pay approximately $460 each year to raise limits from a 30/60 limit to 250/500 limits

Rates by Driver Age

Hyundai Ioniq Hybrid Insurance Rates by Driver Age
Driver Age Premium
16 $5,174
20 $3,180
30 $1,428
40 $1,370
50 $1,254
60 $1,230

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Hybrid Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,720
$250 $1,558
$500 $1,370
$1,000 $1,188

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Hybrid Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,370
50/100 $1,453
100/300 $1,557
250/500 $1,828
100 CSL $1,495
300 CSL $1,724
500 CSL $1,890

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Hybrid Insurance Rates for High Risk Drivers
Age Premium
16 $7,376
20 $5,066
30 $3,038
40 $2,976
50 $2,842
60 $2,816

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 $193

Potential Rate Discounts

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

Discount Savings
Multi-policy $73
Multi-vehicle $73
Homeowner $20
5-yr Accident Free $101
5-yr Claim Free $89
Paid in Full/EFT $63
Advance Quote $68
Online Quote $97
Total Discounts $584
Rate after discounts $786

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

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