Hyundai Ioniq Hybrid Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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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:
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.
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.
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
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.
| 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% |
| 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
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,720 |
| $250 | $1,558 |
| $500 | $1,370 |
| $1,000 | $1,188 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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