Hyundai Ioniq Hybrid 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...

Insurance Lawyer

UPDATED: May 20, 2024

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U.S. average insurance rates for a Hyundai Ioniq Hybrid are $1,370 a year for full coverage. Comprehensive insurance costs approximately $272, collision insurance costs $524, and liability costs $416. A policy with just liability insurance costs as little as $474 a year, and coverage for high-risk drivers costs $2,976 or more. 16-year-old drivers pay the highest rates at up to $5,174 a year.

Average premium for full coverage: $1,370

Price estimates by individual coverage:

Comprehensive $272
Collision $524
Liability $416

These estimates include $500 physical damage deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all states and for all Ioniq Hybrid models.

Price Range from Low to High

Using a middle-aged driver as an example, Hyundai Ioniq Hybrid insurance prices range from the low end price of $474 for just liability insurance to the much higher price of $2,976 for high-risk insurance.

Liability Only $474
Full Coverage $1,370
High Risk $2,976

Geographic Price Range

Your location can make a big difference on car insurance rates. Rural locations have lower incidents of accident claims than congested cities. The example below illustrates how where you live affects auto insurance prices.

Rural Areas $1,028
Small Cities $1,439
Large Cities $1,850

The ranges above show why everyone should compare rates using their specific location, instead of making a decision based on rate 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.

More Rate Details

The chart below shows average Hyundai Ioniq Hybrid insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $786
  • Drivers who choose higher $1,000 deductibles will pay $182 a year
  • The estimated price for the average middle-age driver who chooses $500 deductibles is $1,370
  • Buying pricier low deductibles for comprehensive and collision insurance will cost an additional $350 annually
  • Drivers with multiple tickets or accidents could pay around $2,976
  • The price that insures a 16-year-old driver for full coverage can cost $5,174 a year

View Chart as Image

Hyundai Ioniq Hybrid insurance cost comparison chart
Column chart showing Hyundai Ioniq Hybrid insurance prices range from $786 to $5,174 for full coverage

Insurance prices for a Hyundai Ioniq Hybrid are also quite variable based on the model of your Ioniq Hybrid, how you drive, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you could be paying anywhere from $1,600 to $2,300 extra each year, depending on your age. Hyundai Ioniq Hybrid insurance for high-risk drivers can cost from 44% to 130% more than the average rate. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,300 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records can expect to pay in the ballpark of $5,100 a year. View Rates by Age

The state you live in makes a big difference in Hyundai Ioniq Hybrid insurance prices. A 40-year-old driver could pay as low as $900 a year in states like Iowa, Maine, and Idaho, or at least $1,960 on average in New York, Louisiana, and Michigan.

Hyundai Ioniq Hybrid Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,240 -$130 -9.5%
Alaska $1,052 -$318 -23.2%
Arizona $1,138 -$232 -16.9%
Arkansas $1,370 -$0 0.0%
California $1,560 $190 13.9%
Colorado $1,310 -$60 -4.4%
Connecticut $1,410 $40 2.9%
Delaware $1,550 $180 13.1%
Florida $1,714 $344 25.1%
Georgia $1,266 -$104 -7.6%
Hawaii $984 -$386 -28.2%
Idaho $926 -$444 -32.4%
Illinois $1,020 -$350 -25.5%
Indiana $1,032 -$338 -24.7%
Iowa $926 -$444 -32.4%
Kansas $1,304 -$66 -4.8%
Kentucky $1,870 $500 36.5%
Louisiana $2,028 $658 48.0%
Maine $844 -$526 -38.4%
Maryland $1,130 -$240 -17.5%
Massachusetts $1,096 -$274 -20.0%
Michigan $2,380 $1,010 73.7%
Minnesota $1,146 -$224 -16.4%
Mississippi $1,642 $272 19.9%
Missouri $1,216 -$154 -11.2%
Montana $1,472 $102 7.4%
Nebraska $1,080 -$290 -21.2%
Nevada $1,642 $272 19.9%
New Hampshire $988 -$382 -27.9%
New Jersey $1,530 $160 11.7%
New Mexico $1,212 -$158 -11.5%
New York $1,444 $74 5.4%
North Carolina $790 -$580 -42.3%
North Dakota $1,120 -$250 -18.2%
Ohio $948 -$422 -30.8%
Oklahoma $1,408 $38 2.8%
Oregon $1,256 -$114 -8.3%
Pennsylvania $1,308 -$62 -4.5%
Rhode Island $1,826 $456 33.3%
South Carolina $1,240 -$130 -9.5%
South Dakota $1,158 -$212 -15.5%
Tennessee $1,200 -$170 -12.4%
Texas $1,652 $282 20.6%
Utah $1,016 -$354 -25.8%
Vermont $938 -$432 -31.5%
Virginia $822 -$548 -40.0%
Washington $1,060 -$310 -22.6%
West Virginia $1,256 -$114 -8.3%
Wisconsin $948 -$422 -30.8%
Wyoming $1,220 -$150 -10.9%

View Chart as Image

Hyundai Ioniq Hybrid insurance rates by U.S. city

Opting for high physical damage deductibles could save up to $540 annually, whereas buying more liability protection will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $375 more per year. View Rates by Deductible or Liability Limit

Hyundai Ioniq Hybrid Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2022 Hyundai Ioniq Hybrid $272 $524 $416 $1,370
2021 Hyundai Ioniq Hybrid $262 $502 $430 $1,352

Rates are averaged for all Hyundai Ioniq Hybrid 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 Cheap Hyundai Ioniq Hybrid Insurance

Getting lower rates on insurance for a Hyundai Ioniq Hybrid not only requires being a safe and courteous driver, but also having above-average credit, eliminating unnecessary coverage, and possibly raising deductibles. Comparison shop every couple of years by requesting quotes from direct carriers, and also from insurance agencies where you live.

Below is a brief summary of the material that was touched on in the above illustrations.

  • Insureds who purchase higher levels of liability will pay around $460 each year to go from a low limit to the 250/500 level
  • Teenage drivers are expensive to insure, with premiums as much as $431 a month if full coverage is included
  • Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $1,610 more per year for auto insurance
  • Increasing physical damage deductibles can save approximately $525 each year

Rates by Driver Age

Hyundai Ioniq Hybrid Insurance Rates by Driver Age
Driver Age Premium
16 $5,174
20 $3,180
30 $1,428
40 $1,370
50 $1,254
60 $1,230

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Hybrid Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,720
$250 $1,558
$500 $1,370
$1,000 $1,188

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Hybrid Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,370
50/100 $1,453
100/300 $1,557
250/500 $1,828
100 CSL $1,495
300 CSL $1,724
500 CSL $1,890

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Hybrid Insurance Rates for High Risk Drivers
Age Premium
16 $7,376
20 $5,066
30 $3,038
40 $2,976
50 $2,842
60 $2,816

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 $193

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $73
Multi-vehicle $73
Homeowner $20
5-yr Accident Free $101
5-yr Claim Free $89
Paid in Full/EFT $63
Advance Quote $68
Online Quote $97
Total Discounts $584
Rate after discounts $786

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

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