Hyundai Ioniq Insurance Rates

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UPDATED: May 17, 2024

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Average insurance rates for a Hyundai Ioniq are $1,198 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:

Comprehensive $208
Collision $376
Liability $456

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

For the average 40-year-old driver, prices range range from as low as $508 for minimum levels of liability insurance to a high of $2,604 for a high-risk insurance policy.

Liability Only $508
Full Coverage $1,198
High Risk $2,604

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.

Rural Areas $899
Small Cities $1,258
Large Cities $1,617

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.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

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

Hyundai Ioniq insurance cost comparison chart
Column chart showing Hyundai Ioniq insurance prices range from $702 to $4,690 for full coverage

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.

Hyundai Ioniq Insurance Rates by State
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%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city

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

Hyundai Ioniq Insurance Rates by Model Year
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 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

Rates by Driver Age

Hyundai Ioniq Insurance 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

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,458
$250 $1,336
$500 $1,198
$1,000 $1,066

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
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

Hyundai Ioniq Insurance 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.

SR-22 Surcharge $167

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
Rate after discounts $702

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

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