Hyundai Ioniq Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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UPDATED: May 17, 2024
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U.S. average insurance rates for a Hyundai Ioniq are $1,156 a year including full coverage. Comprehensive insurance costs around $200, collision costs $338, and liability is estimated at $460. Liability-only coverage costs approximately $510 a year, with high-risk coverage costing $2,502 or more. 16-year-old drivers pay the highest rates at $4,546 a year or more.
Average premium for full coverage: $1,156
Price estimates for individual coverage:
Estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 U.S. states and for different Ioniq trim levels.
Price Range from Low to High
For the normal driver, Hyundai Ioniq insurance prices go from the low end price of $510 for the bare minimum liability coverage to a much higher rate of $2,502 for a driver that may need high-risk insurance.
Geographic Price Range
Living in a larger city can have significant affects on the price of insurance. Areas with sparse population have lower incidents of comprehensive and collision claims than congested cities.
The price range example below illustrates how geographic area affects auto insurance rates.
The ranges above highlight why anyone shopping for car insurance should get quotes for a specific zip code, instead of using rate averages.
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.
Additional Rate Information
The chart below breaks down estimated Hyundai Ioniq insurance rates for additional coverage choices and driver risks.
- The best full coverage rate is $682
- Choosing higher $1,000 deductibles can save about $122 every year
- The estimated price for the average middle-age driver using $500 deductibles is $1,156
- Buying more expensive low deductibles for comp and collision coverage will cost an additional $236 every year
- Unlucky drivers with multiple tickets or accidents could pay at least $2,502 or more
- The price that insures a teen driver with full coverage can be $4,546 each year
Auto insurance prices for a Hyundai Ioniq are also quite variable based on the model year and trim level, your driving record and age, and deductibles and policy limits.
If you have some driving violations or you caused an accident, you are likely paying at least $1,400 to $1,900 in extra premium each year, depending on your age. High-risk driver insurance ranges as much as 42% to 135% more than the average rate. View High Risk Driver Rates
An older driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $1,100 annually on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay as much as $4,500 a year. View Rates by Age
The state you live in plays a big part in determining prices for Hyundai Ioniq insurance prices. A good driver about age 40 could pay as low as $890 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,650 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,046 | -$110 | -9.5% |
| Alaska | $886 | -$270 | -23.4% |
| Arizona | $960 | -$196 | -17.0% |
| Arkansas | $1,156 | -$0 | 0.0% |
| California | $1,316 | $160 | 13.8% |
| Colorado | $1,106 | -$50 | -4.3% |
| Connecticut | $1,188 | $32 | 2.8% |
| Delaware | $1,308 | $152 | 13.1% |
| Florida | $1,446 | $290 | 25.1% |
| Georgia | $1,066 | -$90 | -7.8% |
| Hawaii | $830 | -$326 | -28.2% |
| Idaho | $782 | -$374 | -32.4% |
| Illinois | $862 | -$294 | -25.4% |
| Indiana | $868 | -$288 | -24.9% |
| Iowa | $780 | -$376 | -32.5% |
| Kansas | $1,098 | -$58 | -5.0% |
| Kentucky | $1,576 | $420 | 36.3% |
| Louisiana | $1,710 | $554 | 47.9% |
| Maine | $714 | -$442 | -38.2% |
| Maryland | $954 | -$202 | -17.5% |
| Massachusetts | $926 | -$230 | -19.9% |
| Michigan | $2,008 | $852 | 73.7% |
| Minnesota | $968 | -$188 | -16.3% |
| Mississippi | $1,384 | $228 | 19.7% |
| Missouri | $1,026 | -$130 | -11.2% |
| Montana | $1,240 | $84 | 7.3% |
| Nebraska | $912 | -$244 | -21.1% |
| Nevada | $1,386 | $230 | 19.9% |
| New Hampshire | $834 | -$322 | -27.9% |
| New Jersey | $1,294 | $138 | 11.9% |
| New Mexico | $1,024 | -$132 | -11.4% |
| New York | $1,218 | $62 | 5.4% |
| North Carolina | $666 | -$490 | -42.4% |
| North Dakota | $946 | -$210 | -18.2% |
| Ohio | $798 | -$358 | -31.0% |
| Oklahoma | $1,188 | $32 | 2.8% |
| Oregon | $1,060 | -$96 | -8.3% |
| Pennsylvania | $1,102 | -$54 | -4.7% |
| Rhode Island | $1,542 | $386 | 33.4% |
| South Carolina | $1,048 | -$108 | -9.3% |
| South Dakota | $974 | -$182 | -15.7% |
| Tennessee | $1,014 | -$142 | -12.3% |
| Texas | $1,392 | $236 | 20.4% |
| Utah | $856 | -$300 | -26.0% |
| Vermont | $790 | -$366 | -31.7% |
| Virginia | $692 | -$464 | -40.1% |
| Washington | $894 | -$262 | -22.7% |
| West Virginia | $1,060 | -$96 | -8.3% |
| Wisconsin | $800 | -$356 | -30.8% |
| Wyoming | $1,030 | -$126 | -10.9% |
Opting for high physical damage deductibles can save as much as $360 every year, while increasing your policy's liability limits will increase prices. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $414 extra every year. View Rates by Deductible or Liability Limit
Since prices can be so different, the best way to figure out your exact price is to compare prices and see which company has the best price. Each auto insurer utilizes a different rate formula, and quoted prices may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2022 Hyundai Ioniq | $240 | $446 | $430 | $1,274 |
| 2021 Hyundai Ioniq | $226 | $430 | $442 | $1,256 |
| 2020 Hyundai Ioniq | $218 | $400 | $452 | $1,228 |
| 2019 Hyundai Ioniq | $208 | $376 | $456 | $1,198 |
| 2018 Hyundai Ioniq | $200 | $338 | $460 | $1,156 |
| 2017 Hyundai Ioniq | $188 | $310 | $460 | $1,116 |
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 Low Cost Hyundai Ioniq Insurance
Getting lower rates on car insurance takes avoiding accidents and violations, maintaining a good credit score, being claim-free, and maximizing policy discounts. Comparison shop once a year by obtaining price quotes from direct car insurance companies, and also from local insurance agencies.
The list below is a review of the data that was presented in the illustrations above.
- You may be able to save up to $130 per year simply by shopping early and online
- Policyholders who may need higher liability limits will pay around $510 per year to raise limits from a low limit to the 250/500 level
- Teenagers are expensive to insure, possibly costing $379 a month if the policy includes full coverage
- Higher risk drivers who have several accidents or serious violations may have to pay on average $1,350 more every year for car insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,546 |
| 20 | $2,668 |
| 30 | $1,186 |
| 40 | $1,156 |
| 50 | $1,060 |
| 60 | $1,038 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,392 |
| $250 | $1,282 |
| $500 | $1,156 |
| $1,000 | $1,034 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,156 |
| 50/100 | $1,248 |
| 100/300 | $1,363 |
| 250/500 | $1,662 |
| 100 CSL | $1,294 |
| 300 CSL | $1,547 |
| 500 CSL | $1,731 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,438 |
| 20 | $4,254 |
| 30 | $2,538 |
| 40 | $2,502 |
| 50 | $2,394 |
| 60 | $2,372 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $60 |
| Multi-vehicle | $62 |
| Homeowner | $19 |
| 5-yr Accident Free | $78 |
| 5-yr Claim Free | $74 |
| Paid in Full/EFT | $47 |
| Advance Quote | $54 |
| Online Quote | $80 |
| Total Discounts | $474 |
Discounts are estimated and may not be available from every company or in every state.
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