Hyundai Ioniq Insurance Rates

The average insurance rates for a Hyundai Ioniq are $1,156 a year with full coverage. Comprehensive costs on average $200 each year, collision insurance costs $338, and liability insurance costs $460. Liability-only insurance costs as little as $510 a year, and high-risk driver insurance costs around $2,502. Teenage drivers 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:

Prices are based on $500 policy deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all U.S. states and Ioniq models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on auto insurance rates. Rural areas are shown to have lower incidents of collision claims than densely populated cities. The graphic below illustrates how geographic area affects car insurance rates.

The examples above demonstrate why all drivers should compare rates based on a specific location, rather than relying on average rates.

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

Additional Rate Information

The chart below details average Hyundai Ioniq insurance rates for different risk profiles and scenarios.

• The best discount rate is $682
• Drivers who choose higher $1,000 deductibles will pay around $122 annually
• The estimated price for a good driver age 40 with $500 deductibles is $1,156
• Using low deductibles for comprehensive and collision insurance bumps up the cost to $1,392
• High risk drivers who are prone to accidents and violations could pay upwards of $2,502
• Policy cost that insures a teen driver may cost $4,546 a year

View Chart as Image

Auto insurance rates for a Hyundai Ioniq also range considerably based on the trim level and model year, your age and driving habits, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at a minimum $1,400 to $1,900 in extra premium every year, depending on your age. Insurance for high-risk drivers can cost anywhere from 42% to 135% more than a normal policy. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,100 per year on average, or $92 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay upwards of $4,500 a year. View Rates by Age

Your home state makes a big difference in Hyundai Ioniq insurance rates. A 40-year-old driver could pay as low as $830 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,560 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $360 each year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 extra every year. View Rates by Deductible or Liability Limit

How to Find Affordable Hyundai Ioniq Insurance

Finding cheaper rates on Hyundai Ioniq insurance not only requires being a good driver, but also maintaining a good credit score, not filing small claims, and deciding if full coverage is necessary. Compare prices every couple of years by requesting rates from direct companies, and also from several local insurance agents.

The following list is a brief review of the material that was presented in the illustrations above.

• Drivers who require an increased level of liability coverage will pay an extra $510 every year to go from a 30/60 limit to the 250/500 level
• Drivers age 16 to 20 are charged the highest rates, as much as $379 each month if the policy includes full coverage
• High-risk drivers with DUI or reckless driving convictions pay on average $1,350 more each year than a safer driver
• Increasing comprehensive and collision deductibles can save approximately $350 each year