Hyundai Ioniq Electric Insurance Rates
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UPDATED: May 12, 2024
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U.S. average insurance rates for a Hyundai Ioniq Electric are $1,300 a year for full coverage. Comprehensive insurance costs on average $240 each year, collision insurance costs $446, and liability insurance is $456. Liability-only coverage costs around $508 a year, and high-risk coverage costs $2,826 or more. Teen drivers pay the highest rates at up to $5,010 a year.
Average premium for full coverage: $1,300
Price estimates by individual coverage:
Rates are based on $500 policy deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all states and Ioniq Electric models.
Price Range from Low to High
For an average driver, Hyundai Ioniq Electric insurance prices range from as low as $508 for liability-only coverage to a high rate of $2,826 for high-risk insurance.
Geographic Price Range
Choosing to live in a large city has a significant impact on car insurance rates. Rural areas have a lower frequency of accident claims than larger metro areas. The graphic below illustrates the effect of geographic area on car insurance rates.
The ranges above show why all drivers should compare rates quotes based on a specific location and risk profile, 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.
Additional Charts and Tables
The chart below shows average Hyundai Ioniq Electric insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $752
- Raising to $1,000 deductibles will save around $156 a year
- The average rate for the average middle-age driver with $500 deductibles is $1,300
- Choosing low deductibles will cost an extra $304 a year
- Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,826
- The price for full coverage for a teen driver may cost $5,010
Auto insurance prices for a Hyundai Ioniq Electric are also quite variable based on your driving record, the trim level of your Ioniq Electric, and policy deductibles and limits.
More mature drivers with a good driving record and high deductibles could pay as little as $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay upwards of $5,000 a year. View Rates by Age
The state you live in also has a big influence on Hyundai Ioniq Electric insurance rates. A middle-age driver might find prices as low as $860 a year in states like Idaho, Maine, and Iowa, or as much as $1,860 on average in Michigan, Louisiana, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,176 | -$124 | -9.5% |
| Alaska | $998 | -$302 | -23.2% |
| Arizona | $1,078 | -$222 | -17.1% |
| Arkansas | $1,300 | -$0 | 0.0% |
| California | $1,482 | $182 | 14.0% |
| Colorado | $1,242 | -$58 | -4.5% |
| Connecticut | $1,336 | $36 | 2.8% |
| Delaware | $1,472 | $172 | 13.2% |
| Florida | $1,628 | $328 | 25.2% |
| Georgia | $1,200 | -$100 | -7.7% |
| Hawaii | $934 | -$366 | -28.2% |
| Idaho | $878 | -$422 | -32.5% |
| Illinois | $968 | -$332 | -25.5% |
| Indiana | $978 | -$322 | -24.8% |
| Iowa | $878 | -$422 | -32.5% |
| Kansas | $1,236 | -$64 | -4.9% |
| Kentucky | $1,774 | $474 | 36.5% |
| Louisiana | $1,924 | $624 | 48.0% |
| Maine | $804 | -$496 | -38.2% |
| Maryland | $1,072 | -$228 | -17.5% |
| Massachusetts | $1,040 | -$260 | -20.0% |
| Michigan | $2,260 | $960 | 73.8% |
| Minnesota | $1,088 | -$212 | -16.3% |
| Mississippi | $1,556 | $256 | 19.7% |
| Missouri | $1,152 | -$148 | -11.4% |
| Montana | $1,398 | $98 | 7.5% |
| Nebraska | $1,024 | -$276 | -21.2% |
| Nevada | $1,558 | $258 | 19.8% |
| New Hampshire | $936 | -$364 | -28.0% |
| New Jersey | $1,454 | $154 | 11.8% |
| New Mexico | $1,152 | -$148 | -11.4% |
| New York | $1,370 | $70 | 5.4% |
| North Carolina | $750 | -$550 | -42.3% |
| North Dakota | $1,064 | -$236 | -18.2% |
| Ohio | $898 | -$402 | -30.9% |
| Oklahoma | $1,336 | $36 | 2.8% |
| Oregon | $1,192 | -$108 | -8.3% |
| Pennsylvania | $1,240 | -$60 | -4.6% |
| Rhode Island | $1,736 | $436 | 33.5% |
| South Carolina | $1,176 | -$124 | -9.5% |
| South Dakota | $1,096 | -$204 | -15.7% |
| Tennessee | $1,138 | -$162 | -12.5% |
| Texas | $1,566 | $266 | 20.5% |
| Utah | $964 | -$336 | -25.8% |
| Vermont | $892 | -$408 | -31.4% |
| Virginia | $780 | -$520 | -40.0% |
| Washington | $1,004 | -$296 | -22.8% |
| West Virginia | $1,192 | -$108 | -8.3% |
| Wisconsin | $902 | -$398 | -30.6% |
| Wyoming | $1,160 | -$140 | -10.8% |
Choosing high deductibles can reduce prices by up to $460 each year, whereas increasing liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $411 extra every year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you could be paying at a minimum $1,600 to $2,200 in extra premium each year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 44% to 137% more than average. View High Risk Driver Rates
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2022 Hyundai Ioniq Electric | $284 | $552 | $416 | $1,410 |
| 2021 Hyundai Ioniq Electric | $274 | $530 | $430 | $1,392 |
| 2020 Hyundai Ioniq Electric | $260 | $512 | $442 | $1,372 |
| 2019 Hyundai Ioniq Electric | $250 | $474 | $452 | $1,334 |
| 2018 Hyundai Ioniq Electric | $240 | $446 | $456 | $1,300 |
| 2017 Hyundai Ioniq Electric | $230 | $400 | $460 | $1,248 |
Rates are averaged for all Hyundai Ioniq Electric 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 Best Cheap Hyundai Ioniq Electric Insurance
Getting lower rates on Hyundai Ioniq Electric insurance consists of avoiding accidents and claims, having good credit, eliminating unnecessary coverage, and deciding if full coverage is necessary. Take the time to compare rates every couple of years by requesting rates from direct carriers like Progressive and GEICO, and also from your local insurance agents.
The points below are a quick review of the material that was covered in the above illustrations.
- Drivers who require increased liability limits will pay about $500 each year to raise from a low limit to 250/500 limits
- Drivers under the age of 20 are charged the highest prices, with premiums as much as $418 a month if they have full coverage
- High-risk drivers with a DUI or reckless driving violation will pay on average $1,530 more each year to insure a Hyundai Ioniq Electric
- Increasing physical damage deductibles can save around $450 each year
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,010 |
| 20 | $3,016 |
| 30 | $1,344 |
| 40 | $1,300 |
| 50 | $1,190 |
| 60 | $1,166 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,604 |
| $250 | $1,462 |
| $500 | $1,300 |
| $1,000 | $1,144 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,300 |
| 50/100 | $1,391 |
| 100/300 | $1,505 |
| 250/500 | $1,802 |
| 100 CSL | $1,437 |
| 300 CSL | $1,688 |
| 500 CSL | $1,870 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,128 |
| 20 | $4,808 |
| 30 | $2,874 |
| 40 | $2,826 |
| 50 | $2,702 |
| 60 | $2,678 |
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 | $69 |
| Multi-vehicle | $70 |
| Homeowner | $21 |
| 5-yr Accident Free | $93 |
| 5-yr Claim Free | $84 |
| Paid in Full/EFT | $57 |
| Advance Quote | $63 |
| Online Quote | $91 |
| Total Discounts | $548 |
Discounts are estimated and may not be available from every company or in every state.
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