Hyundai Ioniq Hybrid Insurance Rates

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UPDATED: May 20, 2024

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The average auto insurance rates for a Hyundai Ioniq Hybrid are $1,370 annually for full coverage. Comprehensive insurance costs an estimated $272 a year, collision insurance costs $524, and liability coverage costs $416. A liability-only policy costs as little as $474 a year, and high-risk insurance costs $2,976 or more. Teens cost the most to insure at up to $5,174 a year.

Average premium for full coverage: $1,370

Policy rates broken down by type of insurance:

Comprehensive $272
Collision $524
Liability $416

Prices are based on $500 physical damage insurance deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and Ioniq Hybrid trim levels.

Price Range Variability

For the normal driver, Hyundai Ioniq Hybrid insurance rates range from as cheap as $474 for just the minimum liability insurance to a high of $2,976 for a driver required to buy high-risk insurance.

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

Urban vs. Rural Price Range

Your location has a large influence on insurance rates. More rural locations are shown to have fewer accident claims than cities with more traffic congestion. The diagram below illustrates how geographic area affects insurance prices.

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

The examples above show why it is important to compare rates for a targeted area and their own personal driving habits, rather than using averaged prices.

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.

Additional Rate Analysis

The chart below shows average Hyundai Ioniq Hybrid insurance rates for other coverage scenarios.

  • The cheapest rate after discounts is $786
  • Drivers who choose higher $1,000 deductibles will pay approximately $1,188 a year
  • The estimated rate for a good driver age 40 who has $500 deductibles is $1,370
  • Selecting low $100 deductibles for comprehensive and collision insurance costs an additional $350 each year
  • High-risk insureds with serious driving violations could pay up to $2,976
  • Policy cost with full coverage for a teenage driver can cost as much as $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

Car insurance rates for a Hyundai Ioniq Hybrid also range considerably based on the model year and trim level, your driver profile, and liability limits and deductibles.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged at least $5,100 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying $1,600 to $2,300 extra every year, depending on your age. A high-risk auto insurance policy can cost around 44% to 130% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $540 a year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $375 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Hyundai Ioniq Hybrid insurance rates. A 40-year-old driver could pay as low as $900 a year in states like Iowa, Maine, and Idaho, or have to pay 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
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 Buy Affordable Hyundai Ioniq Hybrid Insurance

Finding cheaper rates on auto insurance not only requires being a low-risk driver, but also having a good credit score, avoid buying unnecessary coverage, and possibly higher deductibles. Invest the time to compare rates at every policy renewal by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The items below are a brief review of the data presented in the illustrations above.

  • Consumers who want more liability coverage will pay approximately $460 each year to go from a 30/60 limit to higher 250/500 limits
  • Drivers can save approximately $170 per year just by quoting early and online
  • Increasing comprehensive and collision deductibles could save up to $525 each year
  • Teen drivers have the highest car insurance rates, costing up to $431 each month if comprehensive and collision insurance is included

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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