2018 Hyundai Ioniq Hybrid Insurance Cost – 9 Savings Tips

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Apr 30, 2020

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Searching for cheaper car insurance rates for your Hyundai Ioniq Hybrid? No sane person likes having to buy car insurance, especially when their premiums are through the roof. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with TV and radio ads and it is challenging if not impossible to not get sucked in by the cute commercials and find the best price available.

Smart consumers take time to shop coverage around periodically because car insurance prices trend upward over time. Just because you found the best price on Ioniq Hybrid insurance two years ago you will most likely find a better rate today. Block out anything you think you know about car insurance because it’s time to teach you one of the best ways to save on car insurance.

The quickest method we recommend to compare insurance rates in your area is to take advantage of the fact most insurance companies participate in a system to give you rate quotes. The only thing you need to do is give them rating details such as if a SR-22 is needed, if your license is active, the type of vehicles you drive, and driver ages. The data is then sent to multiple different insurance companies and they return cost estimate within a short period of time.

To check Hyundai Ioniq Hybrid insurance prices now, click here then complete the form.

Auto insurance is unique, just like you

When it comes to buying proper insurance coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions might help in determining whether or not you would benefit from an agent’s advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Am I covered when using my vehicle for business?
  • Is a fancy paint job covered?
  • How do I buy GAP insurance?
  • Why am I required to buy high-risk coverage?
  • Do I need rental car coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • When can I cancel my policy?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, take a second and enter your zip code. It is quick, free and may give you better protection.

The coverage is in the details

Having a good grasp of car insurance aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverages found on most car insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2018 Hyundai Ioniq Hybrid.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability insurance

This can cover injuries or damage you cause to other’s property or people in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as repair bills for other people’s vehicles, repair costs for stationary objects and court costs. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses for things like X-ray expenses, prosthetic devices and EMT expenses. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision protection

Collision insurance pays for damage to your Ioniq Hybrid resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like rolling your car, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, rock chips in glass and damage from a tornado or hurricane. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

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