Hyundai Ioniq Insurance Rates

The average auto insurance rates for a Hyundai Ioniq are $1,156 annually for full coverage. Comprehensive costs around $200 a year, collision insurance costs $338, and liability insurance 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 for type of insurance:

Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and Ioniq trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on auto insurance rates. Areas with sparse population are shown to have fewer accident claims than cities with more traffic congestion. The diagram below illustrates the effect of geographic area on auto insurance rates.

The examples above show why it is important to compare prices for a specific zip code and their own personal driving habits, rather than relying on averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $682
• Using higher $1,000 deductibles will save about $1,034 a year
• The estimated rate for a good driver age 40 using $500 deductibles is $1,156
• Selecting low $100 deductibles for physical damage coverage will cost $1,392
• Drivers with serious driving violations could pay at least $2,502
• Policy cost with full coverage for a teen driver can be $4,546 or more

View Chart as Image

Insurance rates for a Hyundai Ioniq also range considerably based on the model year and trim level, your driver profile, and deductibles and policy limits.

Older drivers with a clean driving record and high physical damage deductibles could pay as little as $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they can expect to pay as much as $4,500 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying at least $1,400 to $1,900 extra every year, depending on your age. A high-risk auto insurance policy can be anywhere from 42% to 135% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $360 each year, while buying higher liability limits will increase rates. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

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 Idaho, Maine, and Iowa, or have to pay at least $1,650 on average in Michigan, Louisiana, and New York.

View Chart as Image

How to Buy Cheaper Hyundai Ioniq Insurance

Finding cheaper rates on Hyundai Ioniq insurance requires being a good driver, having a good credit history, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Take the time to compare rates every other policy renewal by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The following list is a condensed summary of the ideas that were covered in the above illustrations.

• Drivers age 16 to 20 pay higher rates, costing up to $379 each month including comprehensive and collision insurance
• High-risk drivers with multiple at-fault accidents pay an average of $1,350 more every year than a safer driver
• Increasing comprehensive and collision deductibles could save up to $350 each year
• Drivers can save up to $130 per year just by quoting early and online