View 2019 Hyundai Ioniq Electric Car Insurance Cost in 2024

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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 12, 2024

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Looking for lower car insurance rates? Shoppers have a choice when shopping for the best price on Hyundai Ioniq Electric insurance. You can either spend your time struggling with agents trying to get quotes or use the internet to compare rates. There are more efficient ways to find car insurance online and we’ll show you the best way to compare rates on a Hyundai and find the lowest possible price from both online companies and local agents.

You may qualify for discounts

Some insurers don’t necessarily list all possible discounts in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find discounts that you can inquire about if you buy insurance online. If you do not double check each discount you qualify for, it’s possible you qualify for a lower rate.

  • More Vehicles More Savings – Drivers who insure more than one vehicle on one policy could earn a price break for each car.
  • Pay Early and Save – By making one initial payment as opposed to paying monthly you may have a lower total premium amount.
  • Multiple Policy Discount – If you can combine your auto and homeowners policy and place coverage with the same company they may give you a discount of over 10 percent off each policy depending on the company.
  • No Charge for an Accident – Not really a discount, but a few companies such as GEICO, Progressive, and Allstate will let one accident slide without getting socked with a rate hike if you have no claims for a specific time period.
  • Distant Student – Kids who live away from home at college and leave their car at home can receive lower rates.

You should keep in mind that most discount credits are not given to all coverage premiums. Most only cut individual premiums such as collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, nobody gets a free ride. Any amount of discount will cut the cost of coverage.

To see a list of insurers who offer cheap insurance quotes, enter your zip code here.

There’s no such thing as the perfect auto insurance policy

When choosing the best auto insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different.

For example, these questions can aid in determining whether or not you will benefit from professional help.

  • Am I covered when driving someone else’s vehicle?
  • How can I force my company to pay a claim?
  • When can my company non-renew my policy?
  • How can I find cheaper teen driver insurance?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is business equipment covered while in my vehicle?
  • How can I get high-risk coverage after a DUI?
  • If I drive on a suspended license am I covered?
  • Am I covered when pulling a rental trailer?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and enter your zip code. It is quick, free and can provide invaluable advice.

Learn about insurance coverages for a 2019 Hyundai Ioniq Electric

Knowing the specifics of insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Comprehensive protection – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hail damage, rock chips in glass and theft. The most your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2019 Hyundai Ioniq Electric.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Liability coverage – Liability coverage provides protection from damage that occurs to other’s property or people. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like emergency aid, loss of income, funeral expenses, legal defense fees and attorney fees. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Medical expense coverage – Med pay and PIP coverage provide coverage for bills for things like chiropractic care, ambulance fees and dental work. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Collision – This coverage pays for damage to your Ioniq Electric from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with a tree, backing into a parked car and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Saving money is sweet as honey

Consumers switch companies for a variety of reasons including denial of a claim, extreme rates for teen drivers, not issuing a premium refund and high rates after DUI convictions. Whatever your reason, switching companies can be easy and end up saving you some money.

In this article, we presented a lot of ways to get a better price on 2019 Hyundai Ioniq Electric insurance. The key thing to remember is the more rate quotes you have, the higher your chance of finding the cheapest insurance. Consumers could even find that the lowest prices are with a lesser-known regional company.

As you go through the steps to switch your coverage, make sure you don’t skimp on coverage in order to save money. In many instances, consumers will sacrifice collision coverage to discover at claim time they didn’t have enough coverage. Your strategy should be to buy enough coverage at the lowest possible cost, but don’t skip important coverages to save money.

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