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 auto insurance rates for a Hyundai Ioniq are $1,156 annually including full coverage. Comprehensive insurance costs on average $200, collision costs $338, and liability coverage is $460. Liability-only insurance costs around $510 a year, with high-risk driver insurance costing $2,502 or more. Teens pay the highest rates at $4,546 a year or more.
Average premium for full coverage: $1,156
Price estimates by individual coverage:
These estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 U.S. states and for all Ioniq models.
Price Range from Low to High
For a driver in their 40's, Hyundai Ioniq insurance prices go from as cheap as $510 for just liability insurance to the much higher price of $2,502 for a policy for a high-risk driver.
Geographic Price Range
Choosing to live in a large city has a large influence on car insurance rates. Rural areas have fewer comprehensive and collision claims than cities with more traffic congestion.
The example below illustrates how location helps determine car insurance rates.
The ranges above highlight why everyone should compare rates quotes based on a specific location and their own personal driving habits, rather than using averaged prices.
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.
More Rate Details
The chart below breaks down estimated Hyundai Ioniq insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $682
- Raising to $1,000 deductibles will save around $122 every year
- The estimated rate for the average middle-age driver with $500 deductibles is $1,156
- Selecting pricier low deductibles costs an additional $236 each year
- Unlucky drivers with serious driving violations could pay upwards of $2,502 or more
- The price with full coverage for a teenage driver for full coverage may cost $4,546
Car insurance prices for a Hyundai Ioniq are also quite variable based on the trim level and model year, your driving characteristics, and policy deductibles and limits.
A more mature driver with no driving violations and high physical damage deductibles may only pay around $1,100 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they will be charged upwards of $4,500 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you are likely paying at a minimum $1,400 to $1,900 extra each year, depending on your age. Hyundai Ioniq insurance for high-risk drivers is expensive and can cost around 42% to 135% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $360 a year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit
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 $890 a year in states like Missouri, New Hampshire, and Vermont, or have to pay 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% |
Since prices can be so different, the best way to figure out exactly what you will pay is to regularly compare prices and see how they stack up. Every auto insurance company calculates prices differently, so rate quotes may be quite different between companies.
| 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 Buy Cheap Hyundai Ioniq Insurance
Getting lower rates on auto insurance consists of having a decent driving record, having a good credit score, being claim-free, and maximizing policy discounts. Invest time comparing rates every year by requesting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.
The following items are a brief summary of the coverage data covered in the charts and tables above.
- You may be able to save as much as $130 per year simply by quoting online well ahead of the renewal date
- Increasing physical damage deductibles could save up to $350 each year
- 16 to 18-year-old drivers are expensive to insure, possibly costing $379 a month if comprehensive and collision insurance is included
- Drivers that tend to have accidents or serious violations pay on average $1,350 more each year than a driver with a clean driving record
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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