Hyundai Ioniq Insurance Rates

The average insurance rates for a Hyundai Ioniq are $1,156 a year for full coverage. Comprehensive costs approximately $200, collision insurance costs $338, and liability coverage costs around $460. Buying just liability costs as low as $510 a year, and insurance for high-risk drivers costs around $2,502. Teens cost the most to insure at up to $4,546 a year.

Average premium for full coverage: $1,156

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than cities with more traffic congestion. The example below illustrates how location impacts auto insurance prices.

The examples above show why everyone should compare prices using their specific location and risk profile, rather than using averaged prices.

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

Additional Rate Analysis

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

• The cheapest rate after discounts is $682
• Using higher $1,000 deductibles will save $122 a year
• The average rate for a good driver age 40 who chooses $500 deductibles is $1,156
• Selecting pricier low deductibles for physical damage coverage will increase the cost to $1,392
• Higher-risk drivers with serious driving violations could pay around $2,502
• Policy cost for full coverage for a teenage driver for full coverage can cost $4,546 or more

View Chart as Image

Insurance rates for a Hyundai Ioniq also range considerably based on your risk profile, the trim level of your Ioniq, and physical damage deductibles and liability limits.

A more mature driver with a clean driving record and high deductibles may only pay around $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay in the ballpark of $4,500 a year. View Rates by Age

Your home state has a huge impact on Hyundai Ioniq insurance rates. A driver around age 40 might see rates as low as $760 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,650 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $360 a year, whereas buying more liability protection will push rates upward. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $414 more per year. 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 anywhere from $1,400 to $1,900 extra every year, depending on your age. Hyundai Ioniq insurance for high-risk drivers can be around 42% to 135% more than the average policy. View High Risk Driver Rates

How to Find the Cheapest Hyundai Ioniq Insurance

Finding cheaper rates on auto insurance requires being a safe and courteous driver, maintaining good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Spend time shopping around at every policy renewal by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Below is a recap of the data touched on above.

• Consumers who purchase higher levels of liability will pay approximately $510 each year to increase from a 30/60 limit to 250/500 limits
• Drivers can save around $130 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save around $350 each year
• Teenage drivers are expensive to insure, costing up to $379 each month for full coverage