Hyundai Ioniq Insurance Rates
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UPDATED: May 17, 2024
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Average insurance rates for a Hyundai Ioniq are $1,228 a year with full coverage. Comprehensive insurance costs an estimated $218, collision costs $400, and liability costs around $452. Liability-only coverage costs as low as $504 a year, with high-risk coverage costing $2,664 or more. Teenage drivers receive the highest rates at $4,772 a year or more.
Average premium for full coverage: $1,228
Rate estimates broken down by individual coverage type:
Rate estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all U.S. states and for different Ioniq trim levels.
Price Range by Coverage and Risk
For a driver in their 40's, prices range go from as low as $504 for a discount liability-only rate to a much higher rate of $2,664 for high-risk insurance.
Price Range by Location
Where you live can make a big difference on car insurance rates. More rural locations tend to have a lower frequency of collision claims than densely populated cities.
The price range example below illustrates how location helps determine insurance prices.
These examples demonstrate why anyone shopping for car insurance should compare prices for a targeted area and risk profile, instead of making a decision based 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.
Rates by State, City, and Model
The chart below details estimated Hyundai Ioniq insurance rates for other coverage scenarios.
- The best discount rate is $716
- Using higher $1,000 deductibles will save approximately $140 annually
- The average rate for a 40-year-old driver who has $500 deductibles is $1,228
- Using more expensive low deductibles for physical damage coverage will cost an extra $272 annually
- High-risk insureds who are prone to accidents and violations could pay up to $2,664 or more
- The cost for full coverage for a 16-year-old driver with full coverage can cost as much as $4,772 or more
Car insurance rates for a Hyundai Ioniq can also vary considerably based on your driver profile, the trim level and model year, and liability limits and deductibles.
An older driver with no driving violations and high deductibles may pay as low as $1,200 a year for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged at least $4,700 a year. View Rates by Age
Where you live has a huge impact on Hyundai Ioniq insurance prices. A driver around age 40 might see rates as low as $880 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,660 on average in New York, Michigan, and Florida.
| 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% |
Using high physical damage deductibles could cut rates by as much as $420 annually, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost as much as $407 extra every 12 months. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you may be forking out $1,500 to $2,100 extra per year, depending on your age. High-risk driver insurance can be from 44% to 136% more than a normal policy. View High Risk Driver Rates
With so much variability in rates, the best way to find out which company is cheapest is to compare rates from multiple companies. Each insurance company uses a different method to calculate rates, so rate quotes can be significantly different from one company to the next.
| 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 Find the Best Hyundai Ioniq Insurance
Saving money on insurance for a Hyundai Ioniq requires avoiding accidents and violations, having above-average credit, eliminating unnecessary coverage, and not having any coverage lapses. Invest time comparing rates every couple of years by getting rate quotes from direct companies like GEICO and Progressive, and also from local exclusive and independent agents.
The list below is a brief recap of the material that was covered in the charts and tables above.
- Insureds who want higher liability limits will pay an extra $500 every year to increase from a minimum limit to 250/500 limits
- Teenagers have the highest car insurance rates, with premiums as much as $398 per month if full coverage is included
- Drivers considered higher risk who tend to receive serious violations may pay on average $1,440 more annually for car insurance
- Increasing deductibles can save around $400 each year
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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