Hyundai Ioniq Insurance Rates

U.S. average insurance rates for a Hyundai Ioniq are $1,198 a year with full coverage. Comprehensive insurance costs approximately $208 each year, collision insurance costs $376, and liability is estimated at $456. A policy with just liability insurance costs approximately $508 a year, and coverage for high-risk drivers costs $2,604 or more. Teens pay the highest rates at up to $4,690 a year.

Average premium for full coverage: $1,198

Price estimates by individual coverage:

Includes $500 deductible amounts, 30/60 liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and Ioniq models.

Price Range from Low to High

Geographic Price Range

Living in a larger city can have significant affects on the price of insurance. Rural locations have a lower frequency of collision claims than cities with more traffic congestion. The graphic below illustrates how geographic area affects auto insurance prices.

The ranges above demonstrate why all drivers should get quotes using their specific location and risk profile, instead of using averaged prices.

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

Rate Comparisons

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

• The cheapest rate after discounts is $702
• Choosing higher $1,000 deductibles can save $132 annually
• The average rate for the average middle-age driver who chooses $500 deductibles is $1,198
• Selecting low deductibles for comp and collision coverage will cost an extra $260 every year
• Unlucky drivers with serious driving violations could pay around $2,604
• The price for full coverage for a teen driver can cost $4,690 each year

View Chart as Image

Insurance prices for a Hyundai Ioniq are also quite variable based on your driving record, the trim level and model year, and physical damage deductibles and liability limits.

More mature drivers with a clean driving record and high deductibles may pay as little as $1,100 annually on average for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay in the ballpark of $4,600 a year. View Rates by Age

The state you live in plays a big part in determining prices for Hyundai Ioniq insurance prices. A good driver about age 40 could pay as low as $860 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,620 on average in New York, Michigan, and Florida.

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Choosing higher comprehensive and collision insurance deductibles can save as much as $400 every year, whereas increasing liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $411 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out anywhere from $1,400 to $2,000 extra each year, depending on your age. Insurance for high-risk drivers ranges as much as 43% to 130% more than the average policy. View High Risk Driver Rates

How to Find the Cheapest Hyundai Ioniq Insurance

Getting lower rates on car insurance takes having a good driving record, maintaining good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to compare rates at every policy renewal by getting quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.

The next list is a recap of the data presented in the illustrations above.

• Policyholders who purchase increased levels of liability coverage will pay approximately $500 every year to raise limits from a low limit to 250/500 limits
• You may be able to save around $140 per year just by quoting online in advance
• Increasing physical damage deductibles can save around $400 each year
• Drivers age 20 and younger are expensive to insure, costing up to $391 a month for full coverage