Hyundai Ioniq Insurance Rates

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

Average premium for full coverage: $1,156

Policy rates broken down by type of insurance:

Prices include $500 policy deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. 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. More rural locations are shown to have lower incidents of collision claims than larger metro areas. The example below illustrates the effect of geographic area on insurance prices.

The examples above demonstrate why everyone should compare prices for a targeted area, rather than using price averages.

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

Detailed Rate Analysis

The chart below details average Hyundai Ioniq insurance rates for other coverage scenarios.

• The lowest rate with discounts is $682
• Using higher $1,000 deductibles will save approximately $122 annually
• The estimated price for a good driver age 40 who has $500 deductibles is $1,156
• Choosing pricier low deductibles for physical damage coverage bumps up the cost to $1,392
• Higher-risk drivers with multiple violations and an at-fault accident could pay up to $2,502
• Policy cost that insures a teenage driver for full coverage can cost as much as $4,546 or more

View Chart as Image

Auto insurance rates for a Hyundai Ioniq also range considerably based on the model of your Ioniq, your age and driving habits, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you may be forking out $1,400 to $1,900 in extra premium every year, depending on your age. Hyundai Ioniq insurance for high-risk drivers can be around 42% to 135% more than average. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may only pay around $1,100 a year, or $92 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay at least $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 $830 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,560 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles could cut rates by as much as $360 a year, whereas buying more liability protection will increase premiums. 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 the Right Hyundai Ioniq Insurance

Finding cheaper rates on auto insurance requires being a good driver, maintaining a good credit score, not filing small claims, and consideration of higher deductibles. Shop around every couple of years by getting rate quotes from direct companies, and also from insurance agencies where you live.

The following list is a quick rundown of the material that was covered in the above illustrations.

• Consumers who want an increased level of liability coverage will pay about $510 every year to increase from a 30/60 limit to the 250/500 level
• Drivers age 16 to 20 are the costliest to insure, as much as $379 each month if the policy includes full coverage
• Drivers with reckless driving or DUI convictions could be forced to pay on average $1,350 more annually than a safer driver
• Increasing comprehensive and collision deductibles can save approximately $350 each year