Hyundai Ioniq Insurance Rates

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UPDATED: May 17, 2024

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U.S. average insurance prices for a Hyundai Ioniq are $1,156 every 12 months for full coverage. Comprehensive insurance costs an estimated $200 a year, collision insurance costs $338, and liability costs $460. Liability-only insurance costs as little as $510 a year, and high-risk driver insurance costs $2,502 or more. Teen drivers pay the highest rates at up to $4,546 a year.

Average premium for full coverage: $1,156

Price estimates broken down by individual coverage:

Comprehensive $200
Collision $338
Liability $460

Prices are based on $500 physical damage deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all states and Ioniq trim levels.

Price Range from Low to High

For the normal driver, Hyundai Ioniq insurance prices range from the cheapest price of $510 for a discount liability-only rate to a high of $2,502 for a high-risk insurance policy.

Liability Only $510
Full Coverage $1,156
High Risk $2,502

Geographic Price Range

Your location can make a big difference on insurance rates. More rural locations have more infrequent accident claims than larger metro areas. The diagram below illustrates how geographic area affects insurance prices.

Rural Areas $867
Small Cities $1,214
Large Cities $1,561

The ranges above show why it is important to compare rates for a targeted area and their own driving history, instead of making a decision based on price 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.

Rates by State, City, and Model

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

  • The lowest rate with discounts is $682
  • Drivers who choose higher $1,000 deductibles will pay approximately $1,034 a year
  • The average price for the average middle-age driver who has $500 deductibles is $1,156
  • Choosing low $100 deductibles for comprehensive and collision insurance costs an extra $236 annually
  • Drivers with multiple violations and an at-fault accident could pay up to $2,502
  • The price to insure a 16-year-old driver can cost as much as $4,546 a year

View Chart as Image

Hyundai Ioniq insurance cost comparison chart
Column chart showing Hyundai Ioniq insurance prices range from $682 to $4,546 for full coverage

Car insurance prices for a Hyundai Ioniq are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Choosing high deductibles could save up to $360 annually, while buying higher liability limits will increase premiums. Going from a 50/100 liability 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

Older drivers with no driving violations and higher deductibles may pay as low as $1,100 per year on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers will be charged at least $4,500 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,400 to $1,900 extra each year, depending on your age. A high-risk auto insurance policy can cost from 42% to 135% more than average. View High Risk Driver Rates

The state you live in makes a big difference in Hyundai Ioniq insurance prices. A 40-year-old driver could pay as low as $760 a year in states like Iowa, Maine, and Idaho, or as much as $1,650 on average in New York, Louisiana, and Michigan.

Hyundai Ioniq Insurance Rates by State
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%

View Chart as Image

Hyundai Ioniq insurance rates by U.S. city
Hyundai Ioniq Insurance Rates by Model Year
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 Shop for Affordable Hyundai Ioniq Insurance

Getting lower rates on insurance for a Hyundai Ioniq not only requires being a safe and courteous driver, but also maintaining a good credit score, eliminating unnecessary coverage, and possibly higher deductibles. Invest the time to compare rates at least every other year by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Below is a brief review of the car insurance concepts presented in the illustrations above.

  • Drivers considered higher risk with DUI or reckless driving convictions pay on average $1,350 more annually for auto insurance
  • Drivers can save approximately $130 per year just by quoting early and online
  • Increasing physical damage deductibles could save as much as $350 each year
  • Insureds who want higher levels of liability will pay about $510 each year to go from a low limit to a 250/500 level

Rates by Driver Age

Hyundai Ioniq Insurance 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

Hyundai Ioniq Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,392
$250 $1,282
$500 $1,156
$1,000 $1,034

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq Insurance Rates with Different Liability Limits
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

Hyundai Ioniq Insurance 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.

SR-22 Surcharge $160

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
Rate after discounts $682

Discounts are estimated and may not be available from every company or in every state.

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