Hyundai Ioniq Insurance Rates
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UPDATED: May 17, 2024
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The average auto insurance rates for a Hyundai Ioniq are $1,228 annually including full coverage. Comprehensive insurance costs approximately $218 each year, collision costs $400, and liability insurance is estimated at $452. Liability-only coverage costs approximately $504 a year, with high-risk coverage costing $2,664 or more. 16-year-old drivers cost the most to insure at $4,772 a year or more.
Average premium for full coverage: $1,228
Policy rates by type of insurance:
Includes $500 physical damage deductibles, liability limits of 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and Ioniq models.
Price Range Variability
Using a middle-aged driver as an example, Hyundai Ioniq insurance rates go from as cheap as $504 for a discount liability-only rate to a high rate of $2,664 for a driver that may need high-risk insurance.
Urban vs. Rural Price Range
Living in a larger city has a significant impact on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than congested cities.
The graphic below illustrates how where you live affects auto insurance prices.
The examples above highlight why all drivers should get quotes using their specific location and their own personal driving habits, rather than relying on rate 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.
Rates by State, City, and Model
The chart below breaks down estimated Hyundai Ioniq insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $716
- Choosing higher $1,000 deductibles can save $140 every year
- The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,228
- Buying low deductibles for comp and collision coverage costs an additional $272 a year
- High-risk insureds with multiple tickets or accidents could pay around $2,664 or more
- Policy cost with full coverage for a teen driver can cost $4,772 each year
Insurance rates for a Hyundai Ioniq also range considerably based on the model year and trim level, your driving characteristics, and physical damage deductibles and liability limits.
More mature drivers with no violations or accidents and high physical damage deductibles could pay as little as $1,200 annually on average, or $100 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay in the ballpark of $4,700 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $1,500 to $2,100 additional every year, depending on your age. Insurance for high-risk drivers ranges anywhere from 44% to 136% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles can save as much as $420 each year, whereas increasing liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $407 more each year. View Rates by Deductible or Liability Limit
Your home state plays a big part in determining prices for Hyundai Ioniq insurance rates. A good driver about age 40 could pay as low as $940 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,750 on average in Louisiana, New York, and Michigan.
| 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% |
Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to do a rate comparison from as many companies as possible. Each auto insurer utilizes a different rate formula, and rates will be varied between companies.
| 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 Buy the Cheapest Hyundai Ioniq Insurance
Finding cheaper rates on Hyundai Ioniq insurance takes being a safe and courteous driver, having good credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Take the time to comparison shop once a year by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.
Below is a recap of the data that was touched on in the above illustrations.
- You may be able to save around $150 per year simply by quoting online in advance
- Drivers who purchase higher levels of liability will pay around $500 per year to raise limits from a 30/60 limit to higher 250/500 limits
- Teenage drivers are the costliest to insure, with premiums being up to $398 each month if they have full coverage
- High-risk drivers that have major violations or accidents may have to pay on average $1,440 more per year for auto insurance
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,500 |
| $250 | $1,374 |
| $500 | $1,228 |
| $1,000 | $1,088 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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