Hyundai Ioniq Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: May 17, 2024
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Estimated auto insurance rates for a Hyundai Ioniq are $1,198 annually for full coverage insurance. Comprehensive costs approximately $208, collision costs $376, and liability coverage costs around $456. Liability-only coverage costs as low as $508 a year, with high-risk coverage costing around $2,604. 16-year-old drivers pay the most at $4,690 a year or more.
Average premium for full coverage: $1,198
Premium estimates by type of coverage:
Price estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 states and for all Ioniq models.
Insurance Price Range by Risk and Coverage
Using a middle-aged driver as an example, insurance rates for a Hyundai Ioniq go from as cheap as $508 for basic liability insurance to the much higher price of $2,604 for a driver that may need high-risk insurance.
Insurance Price Range by Location
Where you live has a large influence on the price of auto insurance. Rural locations are statistically proven to have fewer physical damage claims than congested cities.
The example below illustrates how where you live affects auto insurance prices.
These rate differences illustrate why everyone should compare prices using their specific location and their own personal driving habits, rather than using 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.
Rate Comparisons
The chart below illustrates estimated Hyundai Ioniq insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $702
- Using higher $1,000 deductibles will save $132 each year
- The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $1,198
- Buying pricier low deductibles for physical damage coverage will cost $1,458
- Higher-risk drivers with multiple tickets or accidents could pay around $2,604 or more
- An auto insurance policy with full coverage for a teenage driver for full coverage can cost $4,690 or more
Insurance prices for a Hyundai Ioniq also have a wide range based on the model of your Ioniq, your risk profile, and physical damage deductibles and liability limits.
A more mature driver with a clean driving record and high physical damage deductibles may only pay around $1,100 a year, or $92 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay in the ballpark of $4,600 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you are probably paying anywhere from $1,400 to $2,000 extra annually, depending on your age. Hyundai Ioniq insurance for high-risk drivers can be around 43% to 130% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could cut prices by as much as $400 a year, whereas buying more liability protection will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $411 more per year. View Rates by Deductible or Liability Limit
Where you choose to live has a huge impact on Hyundai Ioniq insurance rates. A driver around age 40 might see prices as low as $790 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,620 on average in Florida, New York, and Michigan.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,084 | -$114 | -9.5% |
Alaska | $920 | -$278 | -23.2% |
Arizona | $996 | -$202 | -16.9% |
Arkansas | $1,198 | -$0 | 0.0% |
California | $1,368 | $170 | 14.2% |
Colorado | $1,148 | -$50 | -4.2% |
Connecticut | $1,232 | $34 | 2.8% |
Delaware | $1,358 | $160 | 13.4% |
Florida | $1,500 | $302 | 25.2% |
Georgia | $1,106 | -$92 | -7.7% |
Hawaii | $862 | -$336 | -28.0% |
Idaho | $810 | -$388 | -32.4% |
Illinois | $894 | -$304 | -25.4% |
Indiana | $904 | -$294 | -24.5% |
Iowa | $808 | -$390 | -32.6% |
Kansas | $1,140 | -$58 | -4.8% |
Kentucky | $1,636 | $438 | 36.6% |
Louisiana | $1,776 | $578 | 48.2% |
Maine | $740 | -$458 | -38.2% |
Maryland | $988 | -$210 | -17.5% |
Massachusetts | $958 | -$240 | -20.0% |
Michigan | $2,084 | $886 | 74.0% |
Minnesota | $1,004 | -$194 | -16.2% |
Mississippi | $1,436 | $238 | 19.9% |
Missouri | $1,064 | -$134 | -11.2% |
Montana | $1,288 | $90 | 7.5% |
Nebraska | $944 | -$254 | -21.2% |
Nevada | $1,438 | $240 | 20.0% |
New Hampshire | $864 | -$334 | -27.9% |
New Jersey | $1,340 | $142 | 11.9% |
New Mexico | $1,062 | -$136 | -11.4% |
New York | $1,264 | $66 | 5.5% |
North Carolina | $690 | -$508 | -42.4% |
North Dakota | $980 | -$218 | -18.2% |
Ohio | $828 | -$370 | -30.9% |
Oklahoma | $1,232 | $34 | 2.8% |
Oregon | $1,098 | -$100 | -8.3% |
Pennsylvania | $1,144 | -$54 | -4.5% |
Rhode Island | $1,600 | $402 | 33.6% |
South Carolina | $1,086 | -$112 | -9.3% |
South Dakota | $1,012 | -$186 | -15.5% |
Tennessee | $1,050 | -$148 | -12.4% |
Texas | $1,446 | $248 | 20.7% |
Utah | $888 | -$310 | -25.9% |
Vermont | $822 | -$376 | -31.4% |
Virginia | $720 | -$478 | -39.9% |
Washington | $928 | -$270 | -22.5% |
West Virginia | $1,100 | -$98 | -8.2% |
Wisconsin | $830 | -$368 | -30.7% |
Wyoming | $1,070 | -$128 | -10.7% |
With such a large range in prices, the only way to figure out who has the best car insurance prices is to regularly compare prices and see how they stack up. Each insurance company utilizes a different rate formula, so the prices will be substantially different between companies.
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2022 Hyundai Ioniq | $248 | $466 | $416 | $1,288 |
2021 Hyundai Ioniq | $240 | $446 | $430 | $1,274 |
2020 Hyundai Ioniq | $226 | $430 | $442 | $1,256 |
2019 Hyundai Ioniq | $218 | $400 | $452 | $1,228 |
2018 Hyundai Ioniq | $208 | $376 | $456 | $1,198 |
2017 Hyundai Ioniq | $200 | $338 | $460 | $1,156 |
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 Cheaper Hyundai Ioniq Insurance
Finding better rates on auto insurance requires being safe and accident-free, having a good credit history, paying for small claims out-of-pocket, and maximizing policy discounts. Take the time to comparison shop once a year by requesting quotes from direct insurance companies, and also from insurance agencies where you live.
Below you'll find a condensed summary of the data that was touched on in the above illustrations.
- It is possible to save around $140 per year simply by quoting online well ahead of the renewal date
- Consumers who purchase more liability protection will pay around $500 annually to increase from 30/60 bodily injury limits to higher 250/500 limits
- Youthful drivers are expensive to insure, with premiums being up to $391 per month including comprehensive and collision insurance
- Drivers with multiple at-fault accidents could be forced to pay on average $1,410 more per year than a low-risk driver
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $4,690 |
20 | $2,778 |
30 | $1,236 |
40 | $1,198 |
50 | $1,098 |
60 | $1,078 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,458 |
$250 | $1,336 |
$500 | $1,198 |
$1,000 | $1,066 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,198 |
50/100 | $1,289 |
100/300 | $1,403 |
250/500 | $1,700 |
100 CSL | $1,335 |
300 CSL | $1,586 |
500 CSL | $1,768 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $6,654 |
20 | $4,430 |
30 | $2,640 |
40 | $2,604 |
50 | $2,488 |
60 | $2,466 |
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 | $62 |
Multi-vehicle | $65 |
Homeowner | $20 |
5-yr Accident Free | $82 |
5-yr Claim Free | $77 |
Paid in Full/EFT | $50 |
Advance Quote | $57 |
Online Quote | $83 |
Total Discounts | $496 |
Discounts are estimated and may not be available from every company or in every state.
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