Hyundai Ioniq Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Jun 18, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
The average insurance prices for a Hyundai Ioniq are $1,274 every 12 months for full coverage insurance. Comprehensive insurance costs on average $240 each year, collision costs $446, and liability costs around $430. Liability-only coverage costs as low as $486 a year, with high-risk coverage costing $2,762 or more. Teenage drivers cost the most to insure at $4,886 a year or more.
Average premium for full coverage: $1,274
Policy rates by type of insurance:
Prices include $500 policy deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 states and Ioniq models.
Price Range Variability
Using a middle-aged driver as an example, Hyundai Ioniq insurance rates go from the cheapest price of $486 for just liability coverage to a high rate of $2,762 for coverage for higher-risk drivers.
Urban vs. Rural Price Range
Where you live can make a big difference on insurance rates. Rural areas are shown to have more infrequent physical damage claims than densely populated cities.
The graphic below illustrates how where you live affects car insurance rates.
The examples above illustrate why all drivers should compare prices based on a specific location and their own driving history, instead of making a decision based on average rates.
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.
Detailed Rate Analysis
The chart below illustrates estimated Hyundai Ioniq insurance rates for different risk profiles and scenarios.
- The best discount rate is $739
- Using higher $1,000 deductibles will save around $156 each year
- The average price for a good driver age 40 with $500 deductibles is $1,274
- Using low deductibles for physical damage coverage costs an extra $302 annually
- High-risk insureds who are prone to accidents and violations could pay upwards of $2,762 or more
- Policy cost to insure a 16-year-old driver may cost $4,886 or more
Insurance rates for a Hyundai Ioniq also range considerably based on liability limits and deductibles, your risk profile, and the trim level of your Ioniq.
Using high physical damage deductibles could cut rates by as much as $460 annually, whereas increasing liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $387 more each year. View Rates by Deductible or Liability Limit
More mature drivers with no violations or accidents and higher deductibles may pay as low as $1,200 a year, or $100 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay upwards of $4,800 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you are probably paying at a minimum $1,500 to $2,100 additional every year, depending on your age. Insurance for high-risk drivers can be from 43% to 131% more than a normal policy. View High Risk Driver Rates
Your home state has a huge impact on Hyundai Ioniq insurance prices. A driver around age 40 might see rates as low as $830 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,720 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,152 | -$122 | -9.6% |
| Alaska | $978 | -$296 | -23.2% |
| Arizona | $1,056 | -$218 | -17.1% |
| Arkansas | $1,274 | -$0 | 0.0% |
| California | $1,450 | $176 | 13.8% |
| Colorado | $1,216 | -$58 | -4.6% |
| Connecticut | $1,310 | $36 | 2.8% |
| Delaware | $1,440 | $166 | 13.0% |
| Florida | $1,592 | $318 | 25.0% |
| Georgia | $1,174 | -$100 | -7.8% |
| Hawaii | $914 | -$360 | -28.3% |
| Idaho | $860 | -$414 | -32.5% |
| Illinois | $948 | -$326 | -25.6% |
| Indiana | $958 | -$316 | -24.8% |
| Iowa | $860 | -$414 | -32.5% |
| Kansas | $1,212 | -$62 | -4.9% |
| Kentucky | $1,736 | $462 | 36.3% |
| Louisiana | $1,884 | $610 | 47.9% |
| Maine | $786 | -$488 | -38.3% |
| Maryland | $1,050 | -$224 | -17.6% |
| Massachusetts | $1,020 | -$254 | -19.9% |
| Michigan | $2,212 | $938 | 73.6% |
| Minnesota | $1,066 | -$208 | -16.3% |
| Mississippi | $1,524 | $250 | 19.6% |
| Missouri | $1,130 | -$144 | -11.3% |
| Montana | $1,370 | $96 | 7.5% |
| Nebraska | $1,004 | -$270 | -21.2% |
| Nevada | $1,526 | $252 | 19.8% |
| New Hampshire | $918 | -$356 | -27.9% |
| New Jersey | $1,424 | $150 | 11.8% |
| New Mexico | $1,128 | -$146 | -11.5% |
| New York | $1,342 | $68 | 5.3% |
| North Carolina | $734 | -$540 | -42.4% |
| North Dakota | $1,044 | -$230 | -18.1% |
| Ohio | $880 | -$394 | -30.9% |
| Oklahoma | $1,308 | $34 | 2.7% |
| Oregon | $1,166 | -$108 | -8.5% |
| Pennsylvania | $1,216 | -$58 | -4.6% |
| Rhode Island | $1,698 | $424 | 33.3% |
| South Carolina | $1,152 | -$122 | -9.6% |
| South Dakota | $1,074 | -$200 | -15.7% |
| Tennessee | $1,116 | -$158 | -12.4% |
| Texas | $1,536 | $262 | 20.6% |
| Utah | $942 | -$332 | -26.1% |
| Vermont | $872 | -$402 | -31.6% |
| Virginia | $764 | -$510 | -40.0% |
| Washington | $984 | -$290 | -22.8% |
| West Virginia | $1,168 | -$106 | -8.3% |
| Wisconsin | $882 | -$392 | -30.8% |
| Wyoming | $1,134 | -$140 | -11.0% |
Because rates have so much variability, the only way to figure out exactly what you will pay is to do a rate comparison from multiple companies. Each insurance company uses a different method to calculate rates, and rates will be varied.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2020 Hyundai Ioniq | $240 | $446 | $430 | $1,274 |
| 2019 Hyundai Ioniq | $226 | $430 | $442 | $1,256 |
| 2018 Hyundai Ioniq | $218 | $400 | $452 | $1,228 |
| 2017 Hyundai Ioniq | $208 | $376 | $456 | $1,198 |
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 Shop for the Right Hyundai Ioniq Insurance
Finding cheaper rates on insurance for a Hyundai Ioniq requires being a good driver, having above-average credit, being claim-free, and insuring your home and auto with the same company. Take the time to comparison shop at least once a year by quoting rates from direct insurance companies, and also from several local insurance agents.
The following list is a quick rundown of the primary concepts that were touched on in the above illustrations.
- It is possible to save as much as $150 per year simply by quoting online in advance
- Drivers considered higher risk with reckless driving or DUI convictions pay on average $1,490 more each year than a safer driver
- Increasing comprehensive and collision deductibles could save as much as $450 each year
- Drivers age 16 to 20 pay higher rates, possibly costing $407 each month if full coverage is included
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,886 |
| 20 | $2,952 |
| 30 | $1,318 |
| 40 | $1,274 |
| 50 | $1,166 |
| 60 | $1,142 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,576 |
| $250 | $1,436 |
| $500 | $1,274 |
| $1,000 | $1,118 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,274 |
| 50/100 | $1,360 |
| 100/300 | $1,468 |
| 250/500 | $1,747 |
| 100 CSL | $1,403 |
| 300 CSL | $1,640 |
| 500 CSL | $1,812 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,948 |
| 20 | $4,702 |
| 30 | $2,812 |
| 40 | $2,762 |
| 50 | $2,640 |
| 60 | $2,616 |
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 | $67 |
| Multi-vehicle | $68 |
| Homeowner | $20 |
| 5-yr Accident Free | $91 |
| 5-yr Claim Free | $82 |
| Paid in Full/EFT | $56 |
| Advance Quote | $62 |
| Online Quote | $89 |
| Total Discounts | $535 |
Discounts are estimated and may not be available from every company or in every state.
Compare Rates and Save
Find companies with the cheapest rates in your area
Secured with SHA-256 Encryption
