Hyundai Ioniq Hybrid Insurance Rates

Enter your zip code below to view companies that have cheap auto insurance rates.

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...

Insurance Lawyer

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

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Average auto insurance rates for a Hyundai Ioniq Hybrid are $1,370 annually for full coverage insurance. Comprehensive costs an estimated $272, collision insurance costs $524, and liability insurance is estimated at $416. A liability-only policy costs approximately $474 a year, and high-risk insurance costs around $2,976. Teenage drivers receive the highest rates at up to $5,174 a year.

Average premium for full coverage: $1,370

Rate estimates broken down by individual coverage type:

Comprehensive $272
Collision $524
Liability $416

Full coverage includes $500 physical damage deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 states and for different Ioniq Hybrid trim levels.

Price Range by Coverage and Risk

For an average driver, prices range range from as cheap as $474 for minimum levels of 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

Price Range by Location

Living in a larger city has a significant impact on the price of insurance. More rural locations tend to have fewer physical damage claims than densely populated cities. The price range example below illustrates the effect of geographic area on insurance prices.

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

These examples illustrate why anyone shopping for car insurance should get quotes for a targeted area and their own personal driving habits, rather than relying on 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.

Additional Rate Details

The chart below illustrates average Hyundai Ioniq Hybrid insurance rates for other coverage scenarios.

  • The best discount rate is $786
  • Choosing higher $1,000 deductibles can save approximately $182 each year
  • The estimated rate for a 40-year-old driver who has $500 deductibles is $1,370
  • Using more expensive low deductibles for comp and collision coverage will cost $1,720
  • High-risk insureds who are prone to accidents and violations could pay up to $2,976
  • The cost with full coverage for a teen driver with full coverage can cost as much as $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 can also vary considerably based on the trim level of your Ioniq Hybrid, your risk profile, and liability limits and deductibles.

An older driver with a clean driving record and high physical damage deductibles could pay as little as $1,300 annually on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay at least $5,100 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying $1,600 to $2,300 extra per year, depending on your age. High-risk driver insurance ranges anywhere from 44% to 130% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can save as much as $540 each year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $375 more per year. View Rates by Deductible or Liability Limit

Where you live 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 North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,850 on average in Florida, New York, 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
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 Buy More Affordable Hyundai Ioniq Hybrid Insurance

Saving money on Hyundai Ioniq Hybrid insurance takes being a safe and courteous driver, having a good credit history, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Take the time to compare rates every time your policy renews by getting quotes from direct insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

Below is a summary of the information covered in the above illustrations.

  • It is possible to save approximately $170 per year just by shopping early and online
  • Teenage drivers are charged the highest rates, costing up to $431 per month including comprehensive and collision insurance
  • Increasing deductibles could save up to $525 each year
  • High-risk drivers who have multiple accidents or major violations may pay on average $1,610 more annually for auto insurance
  • Drivers who want higher levels of liability will pay an extra $460 annually to raise limits from a minimum limit to higher 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.

Compare Rates and Save

Find companies with the cheapest rates in your area

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

You May Also Enjoy These Articles