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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The average insurance rates for a Hyundai Ioniq are $1,274 a year for full coverage. Comprehensive insurance costs around $240, collision insurance costs $446, and liability is $430. A liability-only policy costs around $486 a year, and high-risk insurance costs $2,762 or more. Teens cost the most to insure at up to $4,886 a year.

Average premium for full coverage: $1,274

Policy rates for type of insurance:

Comprehensive $240
Collision $446
Liability $430

Price estimates include $500 deductible amounts, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all states and for all Ioniq models.

Price Range Variability

For the normal driver, Hyundai Ioniq insurance rates range from as low as $486 for just liability coverage to the much higher price of $2,762 for a high-risk insurance policy.

Liability Only $486
Full Coverage $1,274
High Risk $2,762

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than cities with more traffic congestion. The example below illustrates how geographic area affects auto insurance rates.

Rural Areas $956
Small Cities $1,338
Large Cities $1,720

The examples above show why everyone should compare rates quotes for a specific zip code and risk profile, instead of making a decision based on 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.

Detailed Rate Analysis

The chart below shows average Hyundai Ioniq insurance rates for additional coverage choices and driver risks.

  • The cheapest rate after discounts is $739
  • Raising to $1,000 deductibles will save about $156 a year
  • The average rate for a good driver age 40 using $500 deductibles is $1,274
  • Selecting pricier low deductibles will cost an extra $302 annually
  • Drivers with serious driving violations could pay at least $2,762
  • Policy cost for full coverage for a 16-year-old driver for full coverage can be $4,886

View Chart as Image

Hyundai Ioniq insurance cost comparison chart
Column chart showing Hyundai Ioniq insurance prices range from $739 to $4,886 for full coverage

Car insurance rates for a Hyundai Ioniq also range considerably based on your risk profile, the trim level of your Ioniq, and deductibles and policy limits.

A more mature driver with no driving violations and high deductibles may pay as low as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will be charged as much as $4,800 a year. View Rates by Age

Your home state also has a big influence on Hyundai Ioniq insurance prices. A middle-age driver might find rates as low as $840 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,820 on average in Michigan, Louisiana, and New York.

Hyundai Ioniq Insurance Rates by State
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%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $460 annually, whereas buying more liability protection will increase rates. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $387 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying at least $1,500 to $2,100 extra every year, depending on your age. Hyundai Ioniq insurance for high-risk drivers is expensive and can cost from 43% to 131% more than the average policy. View High Risk Driver Rates

Hyundai Ioniq Insurance Rates by Model Year
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 Find Cheaper Hyundai Ioniq Insurance

Finding cheaper rates on insurance for a Hyundai Ioniq consists of having a good driving record, having above-average credit, avoid buying unnecessary coverage, and consideration of higher deductibles. Invest the time to compare rates at least every other year by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The next list is a condensed summary of the car insurance concepts presented in the illustrations above.

  • Drivers considered higher risk with multiple at-fault accidents may be required to pay an average of $1,490 more every year to buy Hyundai Ioniq insurance
  • Drivers can save up to $150 per year just by quoting online well ahead of the renewal date
  • Increasing comprehensive and collision deductibles can save around $450 each year
  • Insureds who may need increased levels of liability coverage will pay approximately $470 each year to raise from a 30/60 limit to 250/500 limits

Rates by Driver Age

Hyundai Ioniq Insurance 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

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,576
$250 $1,436
$500 $1,274
$1,000 $1,118

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
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

Hyundai Ioniq Insurance 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.

SR-22 Surcharge $178

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
Rate after discounts $739

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

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