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 $1,334 a year with full coverage. Comprehensive costs on average $250 each year, collision costs $474, and liability is $452. Liability-only insurance costs around $504 a year, with high-risk driver insurance costing around $2,900. Teen drivers pay the highest rates at $5,112 a year or more.
Average premium for full coverage: $1,334
Price estimates by individual coverage:
Rate estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and Ioniq Electric models.
Price Range from Low to High
Using a middle-aged driver as an example, Hyundai Ioniq Electric insurance prices go from the low end price of $504 for minimum levels of liability insurance to a high rate of $2,900 for a driver that may need high-risk insurance.
Geographic Price Range
Choosing to live in a large city can have significant affects on auto insurance rates. Rural areas have lower incidents of collision claims than larger metro areas.
The graphic below illustrates how where you live affects car insurance rates.
The ranges above demonstrate why all drivers should compare rates quotes based on a specific location, instead of using 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 Rate Details
The chart below details estimated Hyundai Ioniq Electric insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $768
- Raising to $1,000 deductibles will save around $164 annually
- The estimated price for the average middle-age driver with $500 deductibles is $1,334
- Choosing low deductibles bumps up the cost to $1,654
- At-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,900 or more
- The price that insures a teen driver may cost $5,112
Car insurance prices for a Hyundai Ioniq Electric are also quite variable based on the trim level and model year, your age and driving habits, and policy deductibles and limits.
If you have some driving violations or you caused an accident, you may be forking out at a minimum $1,600 to $2,200 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 43% to 134% more than average. View High Risk Driver Rates
More mature drivers with no driving violations and higher comprehensive and collision deductibles may pay as little as $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged upwards of $5,100 a year. View Rates by Age
The state you live in also has a big influence on Hyundai Ioniq Electric insurance prices. A middle-age driver might find prices as low as $960 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,800 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,206 | -$128 | -9.6% |
| Alaska | $1,024 | -$310 | -23.2% |
| Arizona | $1,106 | -$228 | -17.1% |
| Arkansas | $1,334 | -$0 | 0.0% |
| California | $1,518 | $184 | 13.8% |
| Colorado | $1,272 | -$62 | -4.6% |
| Connecticut | $1,372 | $38 | 2.8% |
| Delaware | $1,508 | $174 | 13.0% |
| Florida | $1,668 | $334 | 25.0% |
| Georgia | $1,230 | -$104 | -7.8% |
| Hawaii | $956 | -$378 | -28.3% |
| Idaho | $902 | -$432 | -32.4% |
| Illinois | $994 | -$340 | -25.5% |
| Indiana | $1,004 | -$330 | -24.7% |
| Iowa | $898 | -$436 | -32.7% |
| Kansas | $1,266 | -$68 | -5.1% |
| Kentucky | $1,818 | $484 | 36.3% |
| Louisiana | $1,974 | $640 | 48.0% |
| Maine | $822 | -$512 | -38.4% |
| Maryland | $1,100 | -$234 | -17.5% |
| Massachusetts | $1,068 | -$266 | -19.9% |
| Michigan | $2,316 | $982 | 73.6% |
| Minnesota | $1,116 | -$218 | -16.3% |
| Mississippi | $1,596 | $262 | 19.6% |
| Missouri | $1,184 | -$150 | -11.2% |
| Montana | $1,432 | $98 | 7.3% |
| Nebraska | $1,052 | -$282 | -21.1% |
| Nevada | $1,598 | $264 | 19.8% |
| New Hampshire | $962 | -$372 | -27.9% |
| New Jersey | $1,490 | $156 | 11.7% |
| New Mexico | $1,180 | -$154 | -11.5% |
| New York | $1,404 | $70 | 5.2% |
| North Carolina | $768 | -$566 | -42.4% |
| North Dakota | $1,092 | -$242 | -18.1% |
| Ohio | $922 | -$412 | -30.9% |
| Oklahoma | $1,368 | $34 | 2.5% |
| Oregon | $1,220 | -$114 | -8.5% |
| Pennsylvania | $1,272 | -$62 | -4.6% |
| Rhode Island | $1,778 | $444 | 33.3% |
| South Carolina | $1,208 | -$126 | -9.4% |
| South Dakota | $1,124 | -$210 | -15.7% |
| Tennessee | $1,168 | -$166 | -12.4% |
| Texas | $1,608 | $274 | 20.5% |
| Utah | $986 | -$348 | -26.1% |
| Vermont | $912 | -$422 | -31.6% |
| Virginia | $798 | -$536 | -40.2% |
| Washington | $1,030 | -$304 | -22.8% |
| West Virginia | $1,220 | -$114 | -8.5% |
| Wisconsin | $922 | -$412 | -30.9% |
| Wyoming | $1,188 | -$146 | -10.9% |
Choosing high deductibles can reduce prices by up to $490 every year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $407 extra every 12 months. View Rates by Deductible or Liability Limit
Since prices can be so different, the best way to find out exactly what you will pay is to do a rate comparison and see which company has the best price. Every auto insurance company uses a different rate calculation, so rate quotes may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2022 Hyundai Ioniq Electric | $294 | $566 | $398 | $1,416 |
| 2021 Hyundai Ioniq Electric | $284 | $552 | $416 | $1,410 |
| 2020 Hyundai Ioniq Electric | $274 | $530 | $430 | $1,392 |
| 2019 Hyundai Ioniq Electric | $260 | $512 | $442 | $1,372 |
| 2018 Hyundai Ioniq Electric | $250 | $474 | $452 | $1,334 |
| 2017 Hyundai Ioniq Electric | $240 | $446 | $456 | $1,300 |
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 Hyundai Ioniq Electric Insurance
Getting lower rates on car insurance consists of avoiding accidents and claims, having a positive credit history, avoid buying unnecessary coverage, and maximizing policy discounts. Shop around once a year by getting quotes from direct companies, and also from several local insurance agents.
The points below are a brief recap of the data that was touched on in the above illustrations.
- You may be able to save as much as $160 per year simply by quoting online in advance
- Policyholders who require increased liability limits will pay about $500 every year to raise from a low limit to the 250/500 level
- Drivers under the age of 20 are expensive to insure, costing up to $426 a month if full coverage is purchased
- Higher risk drivers who tend to receive serious violations pay on average $1,570 more each year to insure a Hyundai Ioniq Electric
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,112 |
| 20 | $3,094 |
| 30 | $1,382 |
| 40 | $1,334 |
| 50 | $1,220 |
| 60 | $1,196 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,654 |
| $250 | $1,504 |
| $500 | $1,334 |
| $1,000 | $1,170 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,334 |
| 50/100 | $1,424 |
| 100/300 | $1,537 |
| 250/500 | $1,831 |
| 100 CSL | $1,470 |
| 300 CSL | $1,718 |
| 500 CSL | $1,899 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,280 |
| 20 | $4,934 |
| 30 | $2,952 |
| 40 | $2,900 |
| 50 | $2,770 |
| 60 | $2,746 |
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 | $71 |
| Multi-vehicle | $72 |
| Homeowner | $21 |
| 5-yr Accident Free | $96 |
| 5-yr Claim Free | $87 |
| Paid in Full/EFT | $59 |
| Advance Quote | $66 |
| Online Quote | $94 |
| Total Discounts | $566 |
Discounts are estimated and may not be available from every company or in every state.
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