Hyundai Ioniq Insurance Rates
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UPDATED: May 17, 2024
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The average insurance rates for a Hyundai Ioniq are $1,228 a year with full coverage. Comprehensive costs on average $218, collision costs $400, and liability insurance costs around $452. A liability-only policy costs as low as $504 a year, with high-risk insurance costing around $2,664. Teen drivers cost the most to insure at $4,772 a year or more.
Average premium for full coverage: $1,228
Policy rates by type of insurance:
Includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and for all Ioniq models.
Price Range Variability
For a driver in their 40's, Hyundai Ioniq insurance rates go from the low end price of $504 for basic liability insurance to the much higher price of $2,664 for a driver required to buy high-risk insurance.
Urban vs. Rural Price Range
Where you live has a significant impact on auto insurance rates. Rural areas are shown to have lower incidents of collision claims than larger metro areas.
The example below illustrates how location helps determine car insurance rates.
The examples above demonstrate why everyone should compare prices based on a specific location, rather than relying on 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.
Rate Comparisons
The chart below details estimated Hyundai Ioniq insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $716
- Using higher $1,000 deductibles will save around $140 annually
- The estimated price for a good driver age 40 with $500 deductibles is $1,228
- Choosing pricier low deductibles for physical damage coverage bumps up the cost to $1,500
- Drivers with multiple violations and an at-fault accident could pay upwards of $2,664 or more
- Policy cost that insures a teen driver for full coverage may cost $4,772 or more
Car insurance rates for a Hyundai Ioniq also range considerably based on the model of your Ioniq, your age and driving habits, and policy deductibles and limits.
If you have a few points on your driving record or you caused an accident, you may be forking out at a minimum $1,500 to $2,100 extra every year, depending on your age. Hyundai Ioniq insurance for high-risk drivers can be anywhere from 44% to 136% more than average. View High Risk Driver Rates
A more mature driver with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,200 a year, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will be charged upwards of $4,700 a year. View Rates by Age
Your home state has a huge impact on Hyundai Ioniq insurance rates. A driver around age 40 might see rates as low as $880 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,660 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,110 | -$118 | -9.6% |
| Alaska | $940 | -$288 | -23.5% |
| Arizona | $1,018 | -$210 | -17.1% |
| Arkansas | $1,228 | -$0 | 0.0% |
| California | $1,398 | $170 | 13.8% |
| Colorado | $1,172 | -$56 | -4.6% |
| Connecticut | $1,262 | $34 | 2.8% |
| Delaware | $1,388 | $160 | 13.0% |
| Florida | $1,536 | $308 | 25.1% |
| Georgia | $1,132 | -$96 | -7.8% |
| Hawaii | $880 | -$348 | -28.3% |
| Idaho | $830 | -$398 | -32.4% |
| Illinois | $914 | -$314 | -25.6% |
| Indiana | $924 | -$304 | -24.8% |
| Iowa | $826 | -$402 | -32.7% |
| Kansas | $1,166 | -$62 | -5.0% |
| Kentucky | $1,674 | $446 | 36.3% |
| Louisiana | $1,816 | $588 | 47.9% |
| Maine | $756 | -$472 | -38.4% |
| Maryland | $1,012 | -$216 | -17.6% |
| Massachusetts | $982 | -$246 | -20.0% |
| Michigan | $2,132 | $904 | 73.6% |
| Minnesota | $1,026 | -$202 | -16.4% |
| Mississippi | $1,468 | $240 | 19.5% |
| Missouri | $1,088 | -$140 | -11.4% |
| Montana | $1,318 | $90 | 7.3% |
| Nebraska | $968 | -$260 | -21.2% |
| Nevada | $1,472 | $244 | 19.9% |
| New Hampshire | $884 | -$344 | -28.0% |
| New Jersey | $1,370 | $142 | 11.6% |
| New Mexico | $1,086 | -$142 | -11.6% |
| New York | $1,290 | $62 | 5.0% |
| North Carolina | $708 | -$520 | -42.3% |
| North Dakota | $1,006 | -$222 | -18.1% |
| Ohio | $848 | -$380 | -30.9% |
| Oklahoma | $1,260 | $32 | 2.6% |
| Oregon | $1,124 | -$104 | -8.5% |
| Pennsylvania | $1,172 | -$56 | -4.6% |
| Rhode Island | $1,636 | $408 | 33.2% |
| South Carolina | $1,110 | -$118 | -9.6% |
| South Dakota | $1,036 | -$192 | -15.6% |
| Tennessee | $1,074 | -$154 | -12.5% |
| Texas | $1,480 | $252 | 20.5% |
| Utah | $908 | -$320 | -26.1% |
| Vermont | $840 | -$388 | -31.6% |
| Virginia | $734 | -$494 | -40.2% |
| Washington | $948 | -$280 | -22.8% |
| West Virginia | $1,124 | -$104 | -8.5% |
| Wisconsin | $848 | -$380 | -30.9% |
| Wyoming | $1,094 | -$134 | -10.9% |
Choosing high deductibles could cut rates by as much as $420 each year, whereas buying more liability protection will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $407 extra every 12 months. View Rates by Deductible or Liability Limit
Because rates have so much variability, the best way to find out exactly what you will pay is to regularly compare rates from as many companies as possible. Each insurance company uses a different rate calculation, so rate quotes will be varied.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2022 Hyundai Ioniq | $256 | $478 | $398 | $1,290 |
| 2021 Hyundai Ioniq | $248 | $466 | $416 | $1,288 |
| 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 the Cheapest Hyundai Ioniq Insurance
Finding cheaper rates on Hyundai Ioniq insurance requires having a decent driving record, having a positive credit history, not filing small claims, and maximizing policy discounts. Shop around at every policy renewal by requesting quotes from direct companies, and also from several local insurance agents.
The following items are a recap of the data covered in the charts and tables above.
- Drivers who require additional liability coverage will pay about $500 every year to increase from a 30/60 limit to the 250/500 level
- You may be able to save as much as $150 per year simply by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles can save approximately $400 each year
- 16 to 18-year-old drivers are expensive to insure, as much as $398 each month if full coverage is purchased
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,772 |
| 20 | $2,844 |
| 30 | $1,264 |
| 40 | $1,228 |
| 50 | $1,124 |
| 60 | $1,102 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,500 |
| $250 | $1,374 |
| $500 | $1,228 |
| $1,000 | $1,088 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,228 |
| 50/100 | $1,318 |
| 100/300 | $1,431 |
| 250/500 | $1,725 |
| 100 CSL | $1,364 |
| 300 CSL | $1,612 |
| 500 CSL | $1,793 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,778 |
| 20 | $4,534 |
| 30 | $2,704 |
| 40 | $2,664 |
| 50 | $2,548 |
| 60 | $2,524 |
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 | $64 |
| Multi-vehicle | $66 |
| Homeowner | $20 |
| 5-yr Accident Free | $86 |
| 5-yr Claim Free | $79 |
| Paid in Full/EFT | $52 |
| Advance Quote | $59 |
| Online Quote | $86 |
| Total Discounts | $512 |
Discounts are estimated and may not be available from every company or in every state.
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