Hyundai Ioniq 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...

Insurance Lawyer

UPDATED: May 17, 2024

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Average insurance prices for a Hyundai Ioniq are $1,228 every 12 months including full coverage. Comprehensive costs approximately $218 each year, collision costs $400, and liability is $452. Liability-only coverage costs around $504 a year, with high-risk coverage costing around $2,664. Teenage drivers receive the highest rates at $4,772 a year or more.

Average premium for full coverage: $1,228

Rate estimates by individual coverage type:

Comprehensive $218
Collision $400
Liability $452

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

Price Range by Coverage and Risk

Using a middle-aged driver as an example, prices range go from the cheapest price of $504 for just the minimum liability insurance to a high rate of $2,664 for coverage for higher-risk drivers.

Liability Only $504
Full Coverage $1,228
High Risk $2,664

Price Range by Location

Choosing to live in a large city can have significant affects on car insurance prices. Rural locations tend to have more infrequent comprehensive and collision claims than densely populated cities.

The graphic below illustrates how where you live affects auto insurance prices.

Rural Areas $921
Small Cities $1,289
Large Cities $1,658

These examples highlight why all drivers should compare rates quotes using their specific location and their own driving history, instead of 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.

Additional Rate Analysis

The chart below breaks down estimated Hyundai Ioniq insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $716
  • Raising to $1,000 deductibles will save $140 every year
  • The average price for a 40-year-old driver who chooses $500 deductibles is $1,228
  • Using low deductibles increases the price to $1,500
  • At-risk drivers who are prone to accidents and violations could pay around $2,664 or more
  • The cost to insure a teen driver can cost $4,772

View Chart as Image

Hyundai Ioniq insurance cost comparison chart
Column chart showing full coverage Hyundai Ioniq insurance rates range from $716 to $4,772

Car insurance rates for a Hyundai Ioniq can also vary considerably based on policy deductibles and limits, your driving characteristics, and the model of your Ioniq.

Using high physical damage deductibles can reduce rates by up to $420 every year, whereas increasing liability limits will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $407 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may pay as little as $1,200 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers will be charged in the ballpark of $4,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying anywhere from $1,500 to $2,100 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 44% to 136% more than a normal policy. View High Risk Driver Rates

Where you live also has a big influence on Hyundai Ioniq insurance prices. A middle-age driver might find rates as low as $940 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,750 on average in Louisiana, New York, and Michigan.

Hyundai Ioniq Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,110 -$118 -9.6%
Alaska $940 -$288 -23.5%
Arizona $1,018 -$210 -17.1%
Arkansas $1,228 -$0 0.0%
California $1,398 $170 13.8%
Colorado $1,172 -$56 -4.6%
Connecticut $1,262 $34 2.8%
Delaware $1,388 $160 13.0%
Florida $1,536 $308 25.1%
Georgia $1,132 -$96 -7.8%
Hawaii $880 -$348 -28.3%
Idaho $830 -$398 -32.4%
Illinois $914 -$314 -25.6%
Indiana $924 -$304 -24.8%
Iowa $826 -$402 -32.7%
Kansas $1,166 -$62 -5.0%
Kentucky $1,674 $446 36.3%
Louisiana $1,816 $588 47.9%
Maine $756 -$472 -38.4%
Maryland $1,012 -$216 -17.6%
Massachusetts $982 -$246 -20.0%
Michigan $2,132 $904 73.6%
Minnesota $1,026 -$202 -16.4%
Mississippi $1,468 $240 19.5%
Missouri $1,088 -$140 -11.4%
Montana $1,318 $90 7.3%
Nebraska $968 -$260 -21.2%
Nevada $1,472 $244 19.9%
New Hampshire $884 -$344 -28.0%
New Jersey $1,370 $142 11.6%
New Mexico $1,086 -$142 -11.6%
New York $1,290 $62 5.0%
North Carolina $708 -$520 -42.3%
North Dakota $1,006 -$222 -18.1%
Ohio $848 -$380 -30.9%
Oklahoma $1,260 $32 2.6%
Oregon $1,124 -$104 -8.5%
Pennsylvania $1,172 -$56 -4.6%
Rhode Island $1,636 $408 33.2%
South Carolina $1,110 -$118 -9.6%
South Dakota $1,036 -$192 -15.6%
Tennessee $1,074 -$154 -12.5%
Texas $1,480 $252 20.5%
Utah $908 -$320 -26.1%
Vermont $840 -$388 -31.6%
Virginia $734 -$494 -40.2%
Washington $948 -$280 -22.8%
West Virginia $1,124 -$104 -8.5%
Wisconsin $848 -$380 -30.9%
Wyoming $1,094 -$134 -10.9%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city

With so much variability in rates, the best way to figure out who has the best auto insurance rates is to do a rate comparison and see which company has the best rate. Every auto insurance company uses a different method to calculate rates, so rate quotes can be significantly different.

Hyundai Ioniq Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2022 Hyundai Ioniq $256 $478 $398 $1,290
2021 Hyundai Ioniq $248 $466 $416 $1,288
2020 Hyundai Ioniq $240 $446 $430 $1,274
2019 Hyundai Ioniq $226 $430 $442 $1,256
2018 Hyundai Ioniq $218 $400 $452 $1,228
2017 Hyundai Ioniq $208 $376 $456 $1,198

Rates are averaged for all Hyundai Ioniq 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 the Best Hyundai Ioniq Insurance

Saving money on car insurance consists of not taking risks behind the wheel, maintaining a good credit score, not filing small claims, and avoiding coverage lapses. Take the time to comparison shop at least once a year by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local car insurance providers.

The following is a brief recap of the primary concepts that were touched on in the above illustrations.

  • You may be able to save around $150 per year simply by quoting online in advance
  • Higher risk drivers who tend to receive serious violations could be charged and average of $1,440 more per year for Ioniq insurance
  • Increasing deductibles could save as much as $400 each year
  • Teens pay the highest auto insurance rates, as much as $398 per month if the policy includes full coverage

Rates by Driver Age

Hyundai Ioniq Insurance Rates by Driver Age
Driver Age Premium
16 $4,772
20 $2,844
30 $1,264
40 $1,228
50 $1,124
60 $1,102

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,500
$250 $1,374
$500 $1,228
$1,000 $1,088

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,228
50/100 $1,318
100/300 $1,431
250/500 $1,725
100 CSL $1,364
300 CSL $1,612
500 CSL $1,793

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Insurance Rates for High Risk Drivers
Age Premium
16 $6,778
20 $4,534
30 $2,704
40 $2,664
50 $2,548
60 $2,524

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 $172

Potential Rate Discounts

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

Discount Savings
Multi-policy $64
Multi-vehicle $66
Homeowner $20
5-yr Accident Free $86
5-yr Claim Free $79
Paid in Full/EFT $52
Advance Quote $59
Online Quote $86
Total Discounts $512
Rate after discounts $716

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

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