Hyundai Ioniq Hybrid Insurance Rates

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UPDATED: May 20, 2024

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U.S. average auto insurance rates for a Hyundai Ioniq Hybrid are $1,370 annually for full coverage insurance. Comprehensive costs approximately $272, collision insurance costs $524, and liability insurance is estimated at $416. Liability-only insurance costs approximately $474 a year, and high-risk driver insurance costs around $2,976. 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

Full coverage includes $500 deductible amounts, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 states and for different Ioniq Hybrid trim levels.

Price Range from Low to High

For a driver around age 40, Hyundai Ioniq Hybrid insurance prices range from as cheap as $474 for basic liability insurance to a much higher rate of $2,976 for a high-risk insurance policy.

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

Geographic Price Range

Living in a larger city has a significant impact on the price of auto insurance. Rural locations have fewer physical damage claims than congested cities. The price range example below illustrates the difference between rural and urban areas on auto insurance prices.

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

The ranges above illustrate why anyone shopping for car insurance should get quotes using their specific location and their own personal driving habits, rather than relying 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.

Rate Comparisons

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

  • The best full coverage rate is $786
  • Choosing higher $1,000 deductibles can save $182 each year
  • The estimated rate for the average middle-age driver who chooses $500 deductibles is $1,370
  • Buying more expensive low deductibles for comp and collision coverage will cost $1,720
  • High-risk insureds with multiple tickets or accidents could pay around $2,976
  • The price with full coverage for a teen driver with full coverage can cost $5,174 each year

View Chart as Image

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

Car insurance prices for a Hyundai Ioniq Hybrid are also quite variable based on the trim level and model year, your risk profile, and physical damage deductibles and liability limits.

An older driver with no driving violations and high physical damage deductibles could pay as little as $1,300 annually on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they will be charged in the ballpark of $5,100 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are probably paying anywhere from $1,600 to $2,300 extra each year, depending on your age. High-risk driver insurance ranges anywhere from 44% to 130% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $540 each year, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $375 extra every 12 months. View Rates by Deductible or Liability Limit

The state you live in plays a big part in determining prices for Hyundai Ioniq Hybrid insurance rates. A good driver about age 40 could pay as low as $900 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,850 on average in Florida, New York, 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 More Affordable Hyundai Ioniq Hybrid Insurance

Getting lower rates on Hyundai Ioniq Hybrid insurance takes having a good driving record, having a good credit score, not filing small claims, and attention to physical damage deductibles. Set aside time to compare rates at least every other year by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The next list is a summary of the car insurance concepts covered above.

  • High-risk drivers who have multiple accidents or major violations could be forced to pay on average $1,610 more per year to buy Hyundai Ioniq Hybrid insurance
  • It is possible to save around $170 per year just by shopping early and online
  • Increasing physical damage deductibles could save up to $525 each year
  • Drivers who purchase increased levels of liability coverage will pay around $460 annually to raise limits from a low limit to higher 250/500 limits

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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