Hyundai Ioniq Insurance Rates
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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:
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.
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.
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
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.
| 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% |
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.
| 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
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,604 |
| $250 | $1,456 |
| $500 | $1,288 |
| $1,000 | $1,126 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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