Hyundai Ioniq Insurance Rates

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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: Jun 18, 2023

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U.S. average auto insurance rates for a Hyundai Ioniq are $1,288 annually including full coverage. Comprehensive insurance costs around $248, collision costs $466, and liability coverage is $416. Liability-only coverage costs around $474 a year, with high-risk coverage costing $2,794 or more. 16-year-old drivers pay the highest rates at $4,910 a year or more.

Average premium for full coverage: $1,288

Price estimates for individual coverage:

Comprehensive $248
Collision $466
Liability $416

These estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 U.S. states and for all Ioniq models.

Price Range from Low to High

For the normal driver, Hyundai Ioniq insurance prices go from as cheap as $474 for your basic liability-only policy to the much higher price of $2,794 for a driver who requires high-risk insurance.

Liability Only $474
Full Coverage $1,288
High Risk $2,794

Geographic Price Range

Choosing to live in a large city has a large influence on the price of insurance. Areas with sparse population have fewer comprehensive and collision claims than congested cities.

The example below illustrates how geographic area affects auto insurance rates.

Rural Areas $966
Small Cities $1,352
Large Cities $1,739

The ranges above highlight why everyone should compare rates quotes for a specific zip code and their own personal driving habits, rather than using 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.

More Rate Information

The chart below breaks down estimated Hyundai Ioniq insurance rates for additional coverage choices and driver risks.

  • The best full coverage rate is $746
  • Raising to $1,000 deductibles will save about $162 every year
  • The estimated rate for the average middle-age driver using $500 deductibles is $1,288
  • Buying pricier low deductibles costs an additional $316 each year
  • Unlucky drivers with multiple tickets or accidents could pay at least $2,794 or more
  • The price with full coverage for a teenage driver for full coverage can be $4,910

View Chart as Image

Hyundai Ioniq insurance cost comparison chart
Column chart showing full coverage Hyundai Ioniq insurance prices range from $746 to $4,910

Auto insurance prices for a Hyundai Ioniq are also quite variable based on the trim level and model year, your driving characteristics, and deductibles and policy limits.

A more mature driver with a good driving record and high physical damage deductibles may only pay around $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they will have to pay as much as $4,900 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are likely paying at least $1,500 to $2,100 in extra premium each year, depending on your age. Hyundai Ioniq insurance for high-risk drivers is expensive and can cost around 43% to 130% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can reduce prices by up to $480 a year, whereas buying more liability protection will increase prices. Changing from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $375 extra every year. View Rates by Deductible or Liability Limit

The state you live in also has a big influence on Hyundai Ioniq insurance rates. A middle-age driver might find prices as low as $990 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,840 on average in Michigan, New York, and Louisiana.

Hyundai Ioniq Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,164 -$124 -9.6%
Alaska $988 -$300 -23.3%
Arizona $1,070 -$218 -16.9%
Arkansas $1,288 -$0 0.0%
California $1,466 $178 13.8%
Colorado $1,230 -$58 -4.5%
Connecticut $1,324 $36 2.8%
Delaware $1,456 $168 13.0%
Florida $1,612 $324 25.2%
Georgia $1,188 -$100 -7.8%
Hawaii $924 -$364 -28.3%
Idaho $872 -$416 -32.3%
Illinois $960 -$328 -25.5%
Indiana $970 -$318 -24.7%
Iowa $870 -$418 -32.5%
Kansas $1,226 -$62 -4.8%
Kentucky $1,758 $470 36.5%
Louisiana $1,908 $620 48.1%
Maine $794 -$494 -38.4%
Maryland $1,062 -$226 -17.5%
Massachusetts $1,030 -$258 -20.0%
Michigan $2,236 $948 73.6%
Minnesota $1,078 -$210 -16.3%
Mississippi $1,542 $254 19.7%
Missouri $1,144 -$144 -11.2%
Montana $1,384 $96 7.5%
Nebraska $1,016 -$272 -21.1%
Nevada $1,544 $256 19.9%
New Hampshire $928 -$360 -28.0%
New Jersey $1,438 $150 11.6%
New Mexico $1,140 -$148 -11.5%
New York $1,356 $68 5.3%
North Carolina $742 -$546 -42.4%
North Dakota $1,054 -$234 -18.2%
Ohio $892 -$396 -30.7%
Oklahoma $1,322 $34 2.6%
Oregon $1,180 -$108 -8.4%
Pennsylvania $1,228 -$60 -4.7%
Rhode Island $1,716 $428 33.2%
South Carolina $1,166 -$122 -9.5%
South Dakota $1,088 -$200 -15.5%
Tennessee $1,128 -$160 -12.4%
Texas $1,552 $264 20.5%
Utah $954 -$334 -25.9%
Vermont $882 -$406 -31.5%
Virginia $772 -$516 -40.1%
Washington $998 -$290 -22.5%
West Virginia $1,180 -$108 -8.4%
Wisconsin $892 -$396 -30.7%
Wyoming $1,146 -$142 -11.0%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city

Since prices can be so different, the best way to figure out your exact price is to regularly compare prices and see how they stack up. Every auto insurance company utilizes a different rate formula, and quoted prices may be quite different between companies.

Hyundai Ioniq Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Hyundai Ioniq $248 $466 $416 $1,288
2019 Hyundai Ioniq $240 $446 $430 $1,274
2018 Hyundai Ioniq $226 $430 $442 $1,256
2017 Hyundai Ioniq $218 $400 $452 $1,228

Rates are averaged for all Hyundai Ioniq 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 Cheap Hyundai Ioniq Insurance

Getting lower rates on auto insurance consists of being a low-risk driver, having above-average credit, being claim-free, and maximizing policy discounts. Invest the time to compare rates at every other renewal by requesting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The items below are a brief summary of the concepts that were presented in the illustrations above.

  • Drivers that tend to have accidents or serious violations may pay on average $1,510 more every year to insure their Ioniq
  • Teen drivers are expensive to insure, possibly costing $409 a month if full coverage is included
  • You may be able to save up to $150 per year simply by quoting online well ahead of the renewal date
  • Increasing physical damage deductibles could save up to $475 each year
  • You may be able to save up to $150 per year simply by quoting online well ahead of the renewal date

Rates by Driver Age

Hyundai Ioniq Insurance Rates by Driver Age
Driver Age Premium
16 $4,910
20 $2,986
30 $1,336
40 $1,288
50 $1,178
60 $1,156

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,604
$250 $1,456
$500 $1,288
$1,000 $1,126

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,288
50/100 $1,371
100/300 $1,475
250/500 $1,746
100 CSL $1,413
300 CSL $1,642
500 CSL $1,808

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq Insurance Rates for High Risk Drivers
Age Premium
16 $6,988
20 $4,756
30 $2,848
40 $2,794
50 $2,668
60 $2,644

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 $180

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $68
Multi-vehicle $68
Homeowner $20
5-yr Accident Free $93
5-yr Claim Free $83
Paid in Full/EFT $57
Advance Quote $63
Online Quote $90
Total Discounts $542
Rate after discounts $746

Discounts are estimated and may not be available from every company or in every state.

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