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...

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UPDATED: Nov 18, 2021

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U.S. average insurance prices for a Hyundai Ioniq are $1,288 every 12 months with full coverage. Comprehensive costs on average $248, collision insurance costs $466, and liability coverage costs $416. A policy with just liability insurance costs as little as $474 a year, and coverage for high-risk drivers costs around $2,794. Teen drivers pay the highest rates at up to $4,910 a year.

Average premium for full coverage: $1,288

Price estimates by individual coverage:

Comprehensive $248
Collision $466
Liability $416

These estimates include $500 deductible amounts, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all U.S. states and for all Ioniq models.

Price Range from Low to High

For the normal driver, Hyundai Ioniq insurance prices range from the cheapest price of $474 for just the minimum liability insurance to the much higher price of $2,794 for a high-risk driver policy.

Liability Only $474
Full Coverage $1,288
High Risk $2,794

Geographic Price Range

Your location has a large influence on auto insurance rates. Rural areas have more infrequent collision claims than larger metro areas. The example below illustrates how geographic area affects car insurance rates.

Rural Areas $966
Small Cities $1,352
Large Cities $1,739

The ranges above demonstrate why everyone should compare rates based on a specific location and their own driving history, rather than using price 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.

Additional Rate Analysis

The chart below details average Hyundai Ioniq insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $746
  • Drivers who choose higher $1,000 deductibles will pay around $162 annually
  • The average price for the average middle-age driver with $500 deductibles is $1,288
  • Choosing pricier low deductibles for comprehensive and collision insurance increases the price to $1,604
  • High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,794
  • The price to insure a teenage driver for full coverage may cost $4,910 a year

View Chart as Image

Hyundai Ioniq insurance cost comparison chart
Column chart showing Hyundai Ioniq insurance rates range from $746 to $4,910 for full coverage

Insurance prices for a Hyundai Ioniq are also quite variable based on deductibles and policy limits, your driving record, and the trim level of your Ioniq.

Choosing high deductibles could save up to $480 a year, whereas buying more liability protection will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $375 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may only pay around $1,200 per year on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay upwards of $4,900 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out at a minimum $1,500 to $2,100 extra each year, depending on your age. Hyundai Ioniq insurance for high-risk drivers can cost around 43% to 130% more than average. View High Risk Driver Rates

The state you live in makes a big difference in Hyundai Ioniq insurance rates. A 40-year-old driver could pay as low as $930 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,740 on average in Florida, Michigan, and New York.

Hyundai Ioniq Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,164 -$124 -9.6%
Alaska $988 -$300 -23.3%
Arizona $1,070 -$218 -16.9%
Arkansas $1,288 -$0 0.0%
California $1,466 $178 13.8%
Colorado $1,230 -$58 -4.5%
Connecticut $1,324 $36 2.8%
Delaware $1,456 $168 13.0%
Florida $1,612 $324 25.2%
Georgia $1,188 -$100 -7.8%
Hawaii $924 -$364 -28.3%
Idaho $872 -$416 -32.3%
Illinois $960 -$328 -25.5%
Indiana $970 -$318 -24.7%
Iowa $870 -$418 -32.5%
Kansas $1,226 -$62 -4.8%
Kentucky $1,758 $470 36.5%
Louisiana $1,908 $620 48.1%
Maine $794 -$494 -38.4%
Maryland $1,062 -$226 -17.5%
Massachusetts $1,030 -$258 -20.0%
Michigan $2,236 $948 73.6%
Minnesota $1,078 -$210 -16.3%
Mississippi $1,542 $254 19.7%
Missouri $1,144 -$144 -11.2%
Montana $1,384 $96 7.5%
Nebraska $1,016 -$272 -21.1%
Nevada $1,544 $256 19.9%
New Hampshire $928 -$360 -28.0%
New Jersey $1,438 $150 11.6%
New Mexico $1,140 -$148 -11.5%
New York $1,356 $68 5.3%
North Carolina $742 -$546 -42.4%
North Dakota $1,054 -$234 -18.2%
Ohio $892 -$396 -30.7%
Oklahoma $1,322 $34 2.6%
Oregon $1,180 -$108 -8.4%
Pennsylvania $1,228 -$60 -4.7%
Rhode Island $1,716 $428 33.2%
South Carolina $1,166 -$122 -9.5%
South Dakota $1,088 -$200 -15.5%
Tennessee $1,128 -$160 -12.4%
Texas $1,552 $264 20.5%
Utah $954 -$334 -25.9%
Vermont $882 -$406 -31.5%
Virginia $772 -$516 -40.1%
Washington $998 -$290 -22.5%
West Virginia $1,180 -$108 -8.4%
Wisconsin $892 -$396 -30.7%
Wyoming $1,146 -$142 -11.0%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city
Hyundai Ioniq Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Hyundai Ioniq $248 $466 $416 $1,288
2019 Hyundai Ioniq $240 $446 $430 $1,274
2018 Hyundai Ioniq $226 $430 $442 $1,256
2017 Hyundai Ioniq $218 $400 $452 $1,228

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 Cheap Hyundai Ioniq Insurance

Getting lower rates on auto insurance not only requires having a good driving record, but also having good credit, avoid buying unnecessary coverage, and determing if full coverage is necessary. Invest the time to compare rates every time your policy renews by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The next list is a brief summary of the information presented in the illustrations above.

  • You may be able to save as much as $150 per year just by quoting online well ahead of the renewal date
  • Drivers age 20 and younger pay the highest prices, costing up to $409 a month if they have full coverage
  • Increasing physical damage deductibles could save as much as $475 each year
  • Drivers that tend to have accidents or serious violations may pay on average $1,510 more each year to buy Hyundai Ioniq insurance
  • Consumers who require increased levels of liability coverage will pay about $460 every year to go from a low limit to a 250/500 level

Rates by Driver Age

Hyundai Ioniq Insurance Rates by Driver Age
Driver Age Premium
16 $4,910
20 $2,986
30 $1,336
40 $1,288
50 $1,178
60 $1,156

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,604
$250 $1,456
$500 $1,288
$1,000 $1,126

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,288
50/100 $1,371
100/300 $1,475
250/500 $1,746
100 CSL $1,413
300 CSL $1,642
500 CSL $1,808

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Insurance Rates for High Risk Drivers
Age Premium
16 $6,988
20 $4,756
30 $2,848
40 $2,794
50 $2,668
60 $2,644

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 $180

Potential Rate Discounts

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

Discount Savings
Multi-policy $68
Multi-vehicle $68
Homeowner $20
5-yr Accident Free $93
5-yr Claim Free $83
Paid in Full/EFT $57
Advance Quote $63
Online Quote $90
Total Discounts $542
Rate after discounts $746

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

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