Hyundai Ioniq Insurance Rates

Estimated insurance rates for a Hyundai Ioniq are $1,198 a year for full coverage insurance. Comprehensive costs an estimated $208 each year, collision insurance costs $376, and liability coverage costs $456. A liability-only policy costs as little as $508 a year, and high-risk insurance costs around $2,604. 16-year-old drivers pay the most at up to $4,690 a year.

Average premium for full coverage: $1,198

Premium estimates broken down by type of coverage:

Rates are based on $500 deductible amounts, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 states and Ioniq models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a large influence on the price of insurance. More rural locations are statistically proven to have lower incidents of physical damage claims than congested cities. The graphic below illustrates how location impacts insurance prices.

These rate differences illustrate why all drivers should compare rates for a targeted area, rather than using rate averages.

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

Additional Charts and Tables

The chart below illustrates average Hyundai Ioniq insurance rates for other coverage scenarios.

• The best full coverage rate is $702
• Drivers who choose higher $1,000 deductibles will pay approximately $132 each year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,198
• Buying low deductibles for comprehensive and collision insurance bumps up the cost to $1,458
• High-risk insureds with multiple tickets or accidents could pay up to $2,604
• An auto insurance policy that insures a teenage driver can cost as much as $4,690 a year

View Chart as Image

Auto insurance prices for a Hyundai Ioniq also have a wide range based on the trim level and model year, your age and driving record, and liability limits and deductibles.

If you have a few violations or you caused an accident, you are probably paying $1,400 to $2,000 in extra premium annually, depending on your age. Insurance for high-risk drivers can cost around 43% to 130% more than the average rate. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,100 per year on average, or $92 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay at least $4,600 a year. View Rates by Age

Where you choose to live makes a big difference in Hyundai Ioniq insurance rates. A 40-year-old driver could pay 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.

View Chart as Image

Opting for high physical damage deductibles could save up to $400 a year, whereas increasing liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $411 extra every year. View Rates by Deductible or Liability Limit

How to Find the Best Cheap Hyundai Ioniq Insurance

Finding better rates on auto insurance not only requires having a good driving record, but also maintaining a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Comparison shop at least once a year by obtaining price quotes from direct insurance companies, and also from local insurance agencies.

The next list is a quick review of the primary concepts that were touched on above.

• It is possible to save approximately $140 per year just by quoting online in advance
• Drivers with a DUI or reckless driving violation may have to pay on average $1,410 more annually to buy Hyundai Ioniq insurance
• Increasing policy deductibles can save approximately $400 each year
• Drivers age 20 and younger are the costliest to insure, with premiums being up to $391 per month if the policy includes full coverage