Hyundai Ioniq Electric Insurance Rates

The average insurance prices for a Hyundai Ioniq Electric are $1,248 every 12 months with full coverage. Comprehensive costs on average $230 each year, collision insurance costs $400, and liability is $460. Liability-only coverage costs around $510 a year, and high-risk coverage costs around $2,704. Teenage drivers cost the most to insure at up to $4,836 a year.

Average premium for full coverage: $1,248

Policy rates by type of insurance:

Rates are based on $500 policy deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and Ioniq Electric models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can have significant affects on auto insurance rates. Rural areas are shown to have more infrequent collision claims than densely populated cities. The graphic below illustrates the difference between rural and urban areas on car insurance rates.

The examples above demonstrate why all drivers should compare rates quotes based on a specific location and their own driving history, instead of using average rates.

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

Additional Rate Details

The chart below details average Hyundai Ioniq Electric insurance rates for different risk profiles and scenarios.

• The best discount rate is $729
• Raising to $1,000 deductibles will save around $144 annually
• The average price for a good driver age 40 with $500 deductibles is $1,248
• Using low deductibles increases the price to $1,524
• At-risk drivers who are prone to accidents and violations could pay upwards of $2,704
• Policy cost to insure a teen driver may cost $4,836

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Insurance rates for a Hyundai Ioniq Electric also range considerably based on liability limits and deductibles, your driving record, and the trim level of your Ioniq Electric.

Using high physical damage deductibles can reduce rates by up to $420 every year, whereas increasing liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay upwards of $4,800 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out at a minimum $1,500 to $2,100 additional every year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 43% to 134% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Hyundai Ioniq Electric insurance prices. A middle-age driver might find rates as low as $900 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,690 on average in Florida, Michigan, and New York.

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How to Shop for the Best Cheap Hyundai Ioniq Electric Insurance

Finding cheaper rates on car insurance consists of avoiding accidents and claims, having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Set aside time to compare rates at least once a year by quoting rates from direct companies, and also from local exclusive and independent agents.

The points below are a quick review of the primary concepts that were covered above.

• You may be able to save as much as $150 per year just by quoting online in advance
• Higher risk drivers with a DUI or reckless driving violation may pay on average $1,460 more each year to insure a Hyundai Ioniq Electric
• Increasing comprehensive and collision deductibles could save as much as $425 each year
• Drivers under the age of 20 pay higher rates, as much as $403 each month if full coverage is included