Hyundai Ioniq Insurance Rates

U.S. average insurance rates for a Hyundai Ioniq are $1,156 a year for full coverage insurance. Comprehensive costs approximately $200 a year, collision insurance costs $338, and liability coverage is $460. A policy with just liability insurance costs around $510 a year, and coverage for high-risk drivers costs around $2,502. Teenage drivers pay the highest rates at up to $4,546 a year.

Average premium for full coverage: $1,156

Price estimates by individual coverage:

Price estimates include $500 deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 states and Ioniq trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on the price of auto insurance. Rural locations have lower incidents of physical damage claims than densely populated cities. The diagram below illustrates how your location can change auto insurance prices.

The ranges above illustrate why it is important to compare rates quotes using their specific location, rather than using average rates.

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

Detailed Rate Analysis

The chart below illustrates average Hyundai Ioniq insurance rates for additional coverage and risk scenarios.

• The best discount rate is $682
• Raising to $1,000 deductibles will save $1,034 each year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,156
• Using low $100 deductibles bumps up the cost to $1,392
• Unlucky drivers who are prone to accidents and violations could pay around $2,502
• The price that insures a teenage driver can cost $4,546

View Chart as Image

Insurance prices for a Hyundai Ioniq are also quite variable based on the trim level of your Ioniq, your age and driving record, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are probably paying anywhere from $1,400 to $1,900 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 42% to 135% more than a normal policy. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,100 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay in the ballpark of $4,500 a year. View Rates by Age

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 $760 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,560 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can reduce prices by up to $360 a year, while buying higher liability limits will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $414 more per year. View Rates by Deductible or Liability Limit

How to Find Cheaper Hyundai Ioniq Insurance

Getting lower rates on auto insurance consists of not taking risks behind the wheel, having above-average credit, not filing small claims, and possibly raising deductibles. Compare prices at least once a year by requesting rates from direct insurance companies, and also from your local car insurance providers.

The following is a condensed summary of the primary concepts that were illustrated above.

• It is possible to save around $130 per year just by quoting early and online
• Drivers with multiple at-fault accidents could be charged and average of $1,350 more per year for Ioniq insurance
• Increasing physical damage deductibles can save approximately $350 each year
• Teens are expensive to insure, as much as $379 a month if full coverage is included