Hyundai Ioniq Hybrid Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: May 20, 2024
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Average insurance rates for a Hyundai Ioniq Hybrid are $1,370 a year for full coverage insurance. Comprehensive costs an estimated $272, collision costs $524, and liability costs $416. Buying just liability costs as little as $474 a year, with insurance for high-risk drivers costing around $2,976. Teens receive the highest rates at $5,174 a year or more.
Average premium for full coverage: $1,370
Rate estimates broken down by individual coverage type:
Prices include $500 deductible amounts, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 states and for all Ioniq Hybrid models.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range go from as low as $474 for just the minimum liability insurance to the much higher price of $2,976 for a driver that may need high-risk insurance.
Price Range by Location
Your location can have significant affects on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than cities with more traffic congestion.
The example below illustrates how your location can change insurance prices.
These examples illustrate why everyone should compare rates for a targeted area and risk profile, instead of 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.
Additional Rate Analysis
The chart below illustrates estimated Hyundai Ioniq Hybrid insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $786
- Drivers who choose higher $1,000 deductibles will pay approximately $182 each year
- The average rate for a 40-year-old driver who has $500 deductibles is $1,370
- Selecting pricier low deductibles for comprehensive and collision insurance will increase the cost to $1,720
- Higher-risk drivers with serious driving violations could pay up to $2,976 or more
- The cost for full coverage for a teen driver for full coverage can cost as much as $5,174 a year
Auto insurance rates for a Hyundai Ioniq Hybrid can also vary considerably based on your driver profile, the model year and trim level, and liability limits and deductibles.
A more mature driver with a good driving record and high deductibles may pay as little as $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay at least $5,100 a year. View Rates by Age
Where you live makes a big difference in Hyundai Ioniq Hybrid insurance prices. A 40-year-old driver could pay as low as $900 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,850 on average in Florida, New York, and Michigan.
| 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% |
Choosing higher comprehensive and collision insurance deductibles could save up to $540 every year, whereas buying more liability protection will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $375 extra every year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are probably paying $1,600 to $2,300 in extra premium per year, depending on your age. Hyundai Ioniq Hybrid insurance for high-risk drivers can cost as much as 44% to 130% more than the average policy. View High Risk Driver Rates
With so much variability in rates, the only way to figure out which company is cheapest is to regularly compare rates and see which company has the best rate. Every company calculates rates differently, and quoted rates can be significantly different from one company to the next.
| 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 Right Hyundai Ioniq Hybrid Insurance
Saving money on car insurance not only requires having a good driving record, but also having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Invest the time to shop around once a year by getting rate quotes from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.
The next list is a quick rundown of the data that was illustrated above.
- It is possible to save approximately $170 per year simply by quoting online well ahead of the renewal date
- Policyholders who want increased levels of liability coverage will pay approximately $460 annually to go from a minimum limit to 250/500 limits
- Drivers age 20 and younger are the costliest to insure, costing up to $431 per month if they have full coverage
- Higher risk drivers with reckless driving or DUI convictions pay on average $1,610 more annually to buy Hyundai Ioniq Hybrid insurance
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,720 |
| $250 | $1,558 |
| $500 | $1,370 |
| $1,000 | $1,188 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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