Hyundai Ioniq Electric Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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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 including full coverage. Comprehensive insurance costs on average $240, collision insurance costs $446, and liability is $456. Buying just liability costs around $508 a year, and insurance for high-risk drivers costs $2,826 or more. Teenage drivers pay the highest rates at up to $5,010 a year.

Average premium for full coverage: $1,300

Price estimates by individual coverage:

Comprehensive $240
Collision $446
Liability $456

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 U.S. states and for all Ioniq Electric models.

Price Range from Low to High

For the average driver, Hyundai Ioniq Electric insurance prices range from as low as $508 for your basic liability-only policy to the much higher price of $2,826 for a high-risk insurance policy.

Liability Only $508
Full Coverage $1,300
High Risk $2,826

Geographic Price Range

Choosing to live in a large city can make a big difference on car insurance rates. Rural areas have a lower frequency of comprehensive and collision claims than densely populated cities. The example below illustrates how location impacts car insurance rates.

Rural Areas $975
Small Cities $1,365
Large Cities $1,755

The ranges above highlight why everyone should compare rates quotes based on a specific location and risk profile, instead of making a decision based on average rates.

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 breaks down average Hyundai Ioniq Electric insurance rates for different risk profiles and scenarios.

  • The best discount rate is $752
  • Raising to $1,000 deductibles will save around $156 every year
  • The average rate for the average middle-age driver with $500 deductibles is $1,300
  • Using pricier low deductibles will cost an extra $304 annually
  • Drivers who are prone to accidents and violations could pay upwards of $2,826
  • The price for full coverage for a 16-year-old driver for full coverage may cost $5,010

View Chart as Image

Hyundai Ioniq Electric insurance cost comparison chart
Column chart showing Hyundai Ioniq Electric insurance prices range from $752 to $5,010 for full coverage

Insurance prices for a Hyundai Ioniq Electric are also quite variable based on your driving record, the model of your Ioniq Electric, and policy deductibles and limits.

A more mature driver with no violations or accidents and high deductibles may pay as low as $1,200 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers should be prepared 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 prices. A middle-age driver might find prices as low as $1,000 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,860 on average in Michigan, New York, and Louisiana.

Hyundai Ioniq Electric Insurance Rates by State
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%

View Chart as Image

Hyundai Ioniq Electric insurance rates by U.S. city

Using high physical damage deductibles can reduce prices by up to $460 annually, whereas buying more liability protection will cost you more. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $411 more each year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying at a minimum $1,600 to $2,200 additional each year, depending on your age. Hyundai Ioniq Electric insurance for high-risk drivers is expensive and can cost from 44% to 137% more than a normal policy. View High Risk Driver Rates

Hyundai Ioniq Electric Insurance Rates by Model Year
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 Hyundai Ioniq Electric Insurance

Getting lower rates on insurance for a Hyundai Ioniq Electric consists of being safe and accident-free, having a good credit history, being claim-free, and dropping full coverage on older vehicles. Spend time shopping around at least every other year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

Below you'll find a brief recap of the car insurance concepts touched on above.

  • Drivers considered higher risk who tend to receive serious violations may pay on average $1,530 more each year than a low-risk driver
  • You may be able to save as much as $150 per year just by quoting online well ahead of the renewal date
  • Increasing physical damage deductibles can save around $450 each year
  • Insureds who require more liability protection will pay an extra $500 per year to raise from a low limit to 250/500 limits

Rates by Driver Age

Hyundai Ioniq Electric Insurance 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

Hyundai Ioniq Electric Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,604
$250 $1,462
$500 $1,300
$1,000 $1,144

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Electric Insurance Rates with Different Liability Limits
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

Hyundai Ioniq Electric Insurance 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.

SR-22 Surcharge $183

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
Rate after discounts $752

Discounts are estimated and may not be available from every company or in every state.

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