Hyundai Ioniq Insurance Rates
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UPDATED: May 17, 2024
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U.S. average insurance rates for a Hyundai Ioniq are $1,198 a year for full coverage insurance. Comprehensive costs approximately $208 a year, collision insurance costs $376, and liability costs around $456. Liability-only insurance costs as low as $508 a year, and high-risk driver insurance costs around $2,604. Teens pay the highest rates at up to $4,690 a year.
Average premium for full coverage: $1,198
Price estimates by individual coverage:
Full coverage includes $500 deductible amounts, 30/60 liability coverage, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and Ioniq trim levels.
Price Range from Low to High
For a driver around age 40, Hyundai Ioniq insurance prices range from the low end price of $508 for a discount liability-only rate to a high of $2,604 for a policy for a high-risk driver.
Geographic Price Range
Where you live can make a big difference on the price of auto insurance. Rural locations have lower incidents of physical damage claims than cities with more traffic congestion. The diagram below illustrates the difference between rural and urban areas on auto insurance prices.
The ranges above illustrate why it is important to compare prices using their specific location, instead of making a decision based on averaged prices.
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.
Rates by State, City, and Model
The chart below illustrates average Hyundai Ioniq insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $702
- Using higher $1,000 deductibles will save $1,066 each year
- The estimated price for the average middle-age driver who chooses $500 deductibles is $1,198
- Selecting low $100 deductibles for physical damage coverage bumps up the cost to $1,458
- High-risk insureds with serious driving violations could pay around $2,604
- The price that insures a 16-year-old driver can cost $4,690 or more
Car insurance prices for a Hyundai Ioniq are also quite variable based on the trim level of your Ioniq, your age and driving record, and physical damage deductibles and liability limits.
If you have some driving violations or you caused an accident, you are probably paying anywhere from $1,400 to $2,000 extra each year, depending on your age. A high-risk auto insurance policy can be from 43% to 130% more than the average policy. View High Risk Driver Rates
Older drivers with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,100 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will be charged in the ballpark of $4,600 a year. View Rates by Age
The state you live in has a huge impact on Hyundai Ioniq insurance prices. A driver around age 40 might see prices as low as $790 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay 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% |
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $400 annually, while buying higher liability limits will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $411 extra every 12 months. View Rates by Deductible or Liability Limit
| 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 More Affordable Hyundai Ioniq Insurance
Getting lower rates on insurance for a Hyundai Ioniq requires having a good driving record, having a positive credit history, not filing small claims, and attention to physical damage deductibles. Compare rates every year by requesting quotes from direct insurance companies, and also from your local car insurance providers.
The next list is a summary of the coverage data covered above.
- It is possible to save around $140 per year just by quoting early and online
- Increasing physical damage deductibles can save approximately $400 each year
- Drivers age 20 and younger pay the highest auto insurance prices, as much as $391 a month if full coverage is purchased
- Drivers considered higher risk who have multiple accidents or major violations could be charged and average of $1,410 more per year to buy Hyundai Ioniq insurance
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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