Hyundai Ioniq Insurance Rates

Average insurance rates for a Hyundai Ioniq are $1,198 a year including full coverage. Comprehensive insurance costs an estimated $208 a year, collision insurance costs $376, and liability coverage is estimated at $456. Liability-only coverage costs approximately $508 a year, and high-risk coverage costs $2,604 or more. Teenage drivers receive the highest rates at up to $4,690 a year.

Average premium for full coverage: $1,198

Rate estimates broken down by individual coverage type:

Prices include $500 physical damage insurance deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 U.S. states and Ioniq trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a large influence on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than densely populated cities. The diagram below illustrates the difference location can make on insurance prices.

These examples highlight why it is important to get quotes for a targeted area and risk profile, rather than using average rates.

Use the form below to get customized rates for your location.

Additional Rate Details

The chart below breaks down average Hyundai Ioniq insurance rates for other coverage scenarios.

• The best discount rate is $702
• Choosing higher $1,000 deductibles can save approximately $1,066 every year
• The average rate for a 40-year-old driver who has $500 deductibles is $1,198
• Using low $100 deductibles for comp and collision coverage will cost an extra $260 each year
• Drivers who are prone to accidents and violations could pay up to $2,604
• The cost for full coverage for a teenage driver can cost as much as $4,690 each year

View Chart as Image

Car insurance rates for a Hyundai Ioniq can also vary considerably based on your driver profile, the model of your Ioniq, and liability limits and deductibles.

Older drivers with no driving violations and high deductibles may only pay around $1,100 annually on average for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged at least $4,600 a year. View Rates by Age

Where you live plays a big part in determining prices for Hyundai Ioniq insurance rates. A good driver about age 40 could pay as low as $920 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,710 on average in Louisiana, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can save as much as $400 a year, while buying higher liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $411 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying $1,400 to $2,000 extra per year, depending on your age. A high-risk auto insurance policy ranges around 43% to 130% more than a normal policy. View High Risk Driver Rates

How to Find the Right Hyundai Ioniq Insurance

Saving money on auto insurance takes being a low-risk driver, having above-average credit, not filing small claims, and possibly higher deductibles. Make time to compare rates at least every other year by obtaining price quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

The items below are a quick rundown of the car insurance concepts touched on in this article.

• Drivers with reckless driving or DUI convictions may pay on average $1,410 more annually to insure their Ioniq
• You may be able to save approximately $140 per year just by quoting early and online
• Increasing deductibles can save around $400 each year
• Consumers who want more liability coverage will pay an extra $500 per year to raise limits from a minimum limit to 250/500 limits