Hyundai Ioniq Insurance Rates

The average auto insurance rates for a Hyundai Ioniq are $1,198 annually with full coverage. Comprehensive insurance costs around $208 a year, collision insurance costs $376, and liability insurance is $456. Buying just liability costs around $508 a year, and insurance for high-risk drivers costs $2,604 or more. Teenage drivers cost the most to insure at up to $4,690 a year.

Average premium for full coverage: $1,198

Policy rates for type of insurance:

Prices are based on $500 physical damage deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and Ioniq trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on insurance rates. Areas with sparse population are shown to have fewer collision claims than densely populated cities. The diagram below illustrates how geographic area affects auto insurance rates.

The examples above demonstrate why it is important to compare rates quotes for a specific zip code and their own personal driving habits, rather than relying on average rates.

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

Rate Comparisons

The chart below details average Hyundai Ioniq insurance rates for additional coverage choices and driver risks.

• The best discount rate is $702
• Raising to $1,000 deductibles will save about $1,066 annually
• The estimated rate for a good driver age 40 using $500 deductibles is $1,198
• Using low $100 deductibles costs an additional $260 a year
• Higher-risk drivers who are prone to accidents and violations could pay at least $2,604
• Policy cost with full coverage for a teen driver can be $4,690

View Chart as Image

Insurance rates for a Hyundai Ioniq also range considerably based on the model year and trim level, your driving record, and deductibles and policy limits.

Older drivers with a clean driving record and high physical damage deductibles could pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they can expect to pay as much as $4,600 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you may be forking out at least $1,400 to $2,000 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 130% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can reduce rates by up to $400 each year, while buying higher liability limits will increase rates. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $411 more per year. View Rates by Deductible or Liability Limit

Your home state also has a big influence on Hyundai Ioniq insurance rates. A middle-age driver might find rates as low as $860 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,620 on average in Florida, Michigan, and New York.

View Chart as Image

How to Buy Affordable Hyundai Ioniq Insurance

Finding cheaper rates on Hyundai Ioniq insurance consists of being a safe and courteous driver, having a good credit history, not filing small claims, and dropping full coverage on older vehicles. Invest the time to compare rates at every policy renewal by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

Below is a brief review of the data presented in the illustrations above.

• Drivers who may need higher levels of liability will pay an extra $500 every year to raise from a 30/60 limit to higher 250/500 limits
• You may be able to save up to $140 per year just by quoting early and online
• Increasing comprehensive and collision deductibles could save up to $400 each year
• Teenage drivers pay higher rates, as much as $391 each month including comprehensive and collision insurance