Hyundai Ioniq Insurance Rates

Average insurance rates for a Hyundai Ioniq are $1,156 a year for full coverage. Comprehensive costs on average $200 a year, collision insurance costs $338, and liability coverage costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs around $2,502. Teenage drivers receive the highest rates at up to $4,546 a year.

Average premium for full coverage: $1,156

Rate estimates by individual coverage type:

Includes $500 physical damage insurance deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all states and Ioniq trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on car insurance rates. Rural areas tend to have a lower frequency of accident claims than densely populated cities. The diagram below illustrates how rural and urban location affects car insurance rates.

These examples show why it is important to compare rates based on a specific location and risk profile, rather than using average rates.

Use the form below to get customized rates for your location.

Additional Rate Analysis

The chart below shows average Hyundai Ioniq insurance rates for different risk profiles and scenarios.

• The best discount rate is $682
• Drivers who choose higher $1,000 deductibles will pay around $1,034 a year
• The average rate for a 40-year-old driver with $500 deductibles is $1,156
• Using low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,392
• High-risk insureds who are prone to accidents and violations could pay upwards of $2,502
• The cost for full coverage for a teenage driver may cost $4,546 a year

View Chart as Image

Auto insurance rates for a Hyundai Ioniq can also vary considerably based on your driver profile, the trim level of your Ioniq, and policy deductibles and limits.

Older drivers with a good driving record and high deductibles may only pay around $1,100 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay upwards of $4,500 a year. View Rates by Age

Where you live makes a big difference in Hyundai Ioniq insurance rates. A 40-year-old driver could pay as low as $760 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,650 on average in Michigan, Louisiana, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $360 a year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,400 to $1,900 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost around 42% to 135% more than a normal policy. View High Risk Driver Rates

How to Find the Cheapest Hyundai Ioniq Insurance

Saving money on auto insurance not only requires being a low-risk driver, but also having good credit, eliminating unneeded coverage, and deciding if full coverage is necessary. Set aside time to shop around at every policy renewal by quoting rates from direct carriers like GEICO and Progressive, and also from your local insurance agents.

The items below are a recap of the data raised in the charts and tables above.

• Consumers who require more liability coverage will pay an extra $510 each year to go from a minimum limit to 250/500 limits
• Drivers can save as much as $130 per year just by quoting early and online
• Increasing deductibles can save around $350 each year
• Teen drivers are charged the highest rates, costing as high as $379 per month if they have full coverage