Hyundai Ioniq Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: May 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
The average insurance prices for a Hyundai Ioniq are $1,198 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $208, collision costs $376, and liability insurance is $456. Liability-only insurance costs around $508 a year, with high-risk driver insurance costing $2,604 or more. 16-year-old drivers cost the most to insure at $4,690 a year or more.
Average premium for full coverage: $1,198
Policy rates broken down by type of insurance:
Prices include $500 deductible amounts, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and for all Ioniq models.
Price Range Variability
For the average 40-year-old driver, Hyundai Ioniq insurance rates go from the cheapest price of $508 for your basic liability-only policy to the much higher price of $2,604 for a policy for a high-risk driver.
Urban vs. Rural Price Range
Choosing to live in a large city has a significant impact on the price of insurance. More rural locations are shown to have more infrequent physical damage claims than congested cities.
The example below illustrates the difference location can make on insurance prices.
The examples above illustrate why everyone should compare rates quotes for a targeted area and their own driving history, rather than relying on 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.
More Rate Information
The chart below illustrates estimated Hyundai Ioniq insurance rates for other coverage scenarios.
- The best full coverage rate is $702
- Raising to $1,000 deductibles will save approximately $132 each year
- The average price for a good driver age 40 who has $500 deductibles is $1,198
- Buying pricier low deductibles costs an extra $260 a year
- Higher-risk drivers with multiple tickets or accidents could pay up to $2,604 or more
- Policy cost to insure a teen driver for full coverage can cost as much as $4,690
Auto insurance rates for a Hyundai Ioniq also range considerably based on liability limits and deductibles, your risk profile, and the model year and trim level.
Opting for high physical damage deductibles can reduce rates by up to $400 each year, whereas buying more liability protection will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $411 extra every year. View Rates by Deductible or Liability Limit
A more mature driver with a good driving record and higher deductibles could pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will have to pay at least $4,600 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you are probably paying $1,400 to $2,000 in extra premium every year, depending on your age. Hyundai Ioniq insurance for high-risk drivers is expensive and can cost anywhere from 43% to 130% more than the average rate. View High Risk Driver Rates
Your home state also has a big influence on Hyundai Ioniq insurance rates. A middle-age driver might find rates 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% |
Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to regularly compare rates from as many companies as possible. Every auto insurance company utilizes a different rate formula, and quoted rates will be varied.
| 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 Shop for the Right Hyundai Ioniq Insurance
Finding cheaper rates on Hyundai Ioniq insurance consists of having a good driving record, having a good credit score, being claim-free, and qualifying for all possible discounts. Make time to compare rates every year by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.
The next list is a quick rundown of the coverage data touched on in this article.
- It is possible to save approximately $140 per year simply by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles could save as much as $400 each year
- Drivers age 20 and younger are the costliest to insure, possibly costing $391 each month if comprehensive and collision insurance is included
- High-risk drivers with reckless driving or DUI convictions could be forced to pay on average $1,410 more annually 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.
Compare Rates and Save
Find companies with the cheapest rates in your area
Secured with SHA-256 Encryption
