Hyundai Ioniq Insurance Rates
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UPDATED: Jun 18, 2023
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U.S. average insurance rates for a Hyundai Ioniq are $1,274 a year for full coverage insurance. Comprehensive costs on average $240, collision costs $446, and liability coverage costs around $430. A policy with just liability insurance costs as low as $486 a year, with coverage for high-risk drivers costing around $2,762. Teen drivers pay the highest rates at $4,886 a year or more.
Average premium for full coverage: $1,274
Price estimates by individual coverage:
Prices are based on $500 deductible amounts, 30/60 split liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 states and for different Ioniq trim levels.
Price Range from Low to High
For a driver around age 40, Hyundai Ioniq insurance prices go from as low as $486 for the bare minimum liability coverage to a much higher rate of $2,762 for a high-risk insurance policy.
Geographic Price Range
Where you live has a large influence on insurance rates. Rural areas have a lower frequency of physical damage claims than larger metro areas.
The price range example below illustrates the difference between rural and urban areas on car insurance rates.
The ranges above illustrate why anyone shopping for car insurance should compare prices based on a specific location and risk profile, 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 Information
The chart below illustrates estimated Hyundai Ioniq insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $739
- Using higher $1,000 deductibles will save around $156 each year
- The average rate for the average middle-age driver with $500 deductibles is $1,274
- Choosing more expensive low deductibles for physical damage coverage will increase the cost to $1,576
- Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,762 or more
- The price for full coverage for a teenage driver with full coverage may cost $4,886 or more
Insurance prices for a Hyundai Ioniq are also quite variable based on your driving record, the model year and trim level, and policy deductibles and limits.
An older driver with a clean driving record and high deductibles may only pay around $1,200 a year for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay upwards of $4,800 a year. View Rates by Age
The state you live in has a huge impact on Hyundai Ioniq insurance rates. A driver around age 40 might see prices as low as $830 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,720 on average in Michigan, New York, and Florida.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,152 | -$122 | -9.6% |
Alaska | $978 | -$296 | -23.2% |
Arizona | $1,056 | -$218 | -17.1% |
Arkansas | $1,274 | -$0 | 0.0% |
California | $1,450 | $176 | 13.8% |
Colorado | $1,216 | -$58 | -4.6% |
Connecticut | $1,310 | $36 | 2.8% |
Delaware | $1,440 | $166 | 13.0% |
Florida | $1,592 | $318 | 25.0% |
Georgia | $1,174 | -$100 | -7.8% |
Hawaii | $914 | -$360 | -28.3% |
Idaho | $860 | -$414 | -32.5% |
Illinois | $948 | -$326 | -25.6% |
Indiana | $958 | -$316 | -24.8% |
Iowa | $860 | -$414 | -32.5% |
Kansas | $1,212 | -$62 | -4.9% |
Kentucky | $1,736 | $462 | 36.3% |
Louisiana | $1,884 | $610 | 47.9% |
Maine | $786 | -$488 | -38.3% |
Maryland | $1,050 | -$224 | -17.6% |
Massachusetts | $1,020 | -$254 | -19.9% |
Michigan | $2,212 | $938 | 73.6% |
Minnesota | $1,066 | -$208 | -16.3% |
Mississippi | $1,524 | $250 | 19.6% |
Missouri | $1,130 | -$144 | -11.3% |
Montana | $1,370 | $96 | 7.5% |
Nebraska | $1,004 | -$270 | -21.2% |
Nevada | $1,526 | $252 | 19.8% |
New Hampshire | $918 | -$356 | -27.9% |
New Jersey | $1,424 | $150 | 11.8% |
New Mexico | $1,128 | -$146 | -11.5% |
New York | $1,342 | $68 | 5.3% |
North Carolina | $734 | -$540 | -42.4% |
North Dakota | $1,044 | -$230 | -18.1% |
Ohio | $880 | -$394 | -30.9% |
Oklahoma | $1,308 | $34 | 2.7% |
Oregon | $1,166 | -$108 | -8.5% |
Pennsylvania | $1,216 | -$58 | -4.6% |
Rhode Island | $1,698 | $424 | 33.3% |
South Carolina | $1,152 | -$122 | -9.6% |
South Dakota | $1,074 | -$200 | -15.7% |
Tennessee | $1,116 | -$158 | -12.4% |
Texas | $1,536 | $262 | 20.6% |
Utah | $942 | -$332 | -26.1% |
Vermont | $872 | -$402 | -31.6% |
Virginia | $764 | -$510 | -40.0% |
Washington | $984 | -$290 | -22.8% |
West Virginia | $1,168 | -$106 | -8.3% |
Wisconsin | $882 | -$392 | -30.8% |
Wyoming | $1,134 | -$140 | -11.0% |
Choosing high deductibles could cut prices by as much as $460 a year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $387 more per year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you are probably paying at a minimum $1,500 to $2,100 extra each year, depending on your age. High-risk driver insurance can be around 43% to 131% more than average. View High Risk Driver Rates
Since prices can be so different, the only way to figure out exactly what you will pay is to compare prices and see how they stack up. Each insurance company uses a different rate calculation, so the prices may be quite different from one company to the next.
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
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 Affordable Hyundai Ioniq Insurance
Getting lower rates on auto insurance requires having a good driving record, maintaining good credit, not filing small claims, and bundling your home and auto policies. Set aside time to compare rates at least every other year by quoting rates from direct insurance companies like Progressive and GEICO, and also from local independent and exclusive agents.
The next list is a brief review of the car insurance concepts covered above.
- Drivers with DUI or reckless driving convictions pay an average of $1,490 more each year to buy Hyundai Ioniq insurance
- It is possible to save as much as $150 per year simply by shopping early and online
- Increasing physical damage deductibles can save around $450 each year
- Consumers who require increased levels of liability coverage will pay about $470 annually to increase from a low limit to 250/500 limits
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $4,886 |
20 | $2,952 |
30 | $1,318 |
40 | $1,274 |
50 | $1,166 |
60 | $1,142 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,576 |
$250 | $1,436 |
$500 | $1,274 |
$1,000 | $1,118 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,274 |
50/100 | $1,360 |
100/300 | $1,468 |
250/500 | $1,747 |
100 CSL | $1,403 |
300 CSL | $1,640 |
500 CSL | $1,812 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $6,948 |
20 | $4,702 |
30 | $2,812 |
40 | $2,762 |
50 | $2,640 |
60 | $2,616 |
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 | $67 |
Multi-vehicle | $68 |
Homeowner | $20 |
5-yr Accident Free | $91 |
5-yr Claim Free | $82 |
Paid in Full/EFT | $56 |
Advance Quote | $62 |
Online Quote | $89 |
Total Discounts | $535 |
Discounts are estimated and may not be available from every company or in every state.
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