Hyundai Ioniq Insurance Rates

The average insurance rates for a Hyundai Ioniq are $1,156 a year with full coverage. Comprehensive insurance costs around $200 a year, collision insurance costs $338, and liability coverage costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs $2,502 or more. 16-year-old drivers cost the most to insure at up to $4,546 a year.

Average premium for full coverage: $1,156

Policy rates for type of insurance:

Rate estimates include $500 deductible amounts, 30/60 split liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all U.S. states and Ioniq trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than congested cities. The diagram below illustrates how location helps determine auto insurance rates.

The examples above demonstrate why it is important to compare rates for a specific zip code, rather than using rate averages.

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

More Rate Details

The chart below details average Hyundai Ioniq insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $682
• Drivers who choose higher $1,000 deductibles will pay about $1,034 annually
• The estimated price for a good driver age 40 using $500 deductibles is $1,156
• Buying low $100 deductibles for comprehensive and collision insurance will cost an additional $236 each year
• High-risk insureds with multiple tickets or accidents could pay at least $2,502
• Policy cost that insures a teenage driver can be $4,546 a year

View Chart as Image

Insurance rates for a Hyundai Ioniq also range considerably based on the trim level of your Ioniq, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $1,400 to $1,900 extra every year, depending on your age. A high-risk auto insurance policy can cost around 42% to 135% more than the average rate. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,100 per year on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay as much as $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 at least $1,560 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles could save up to $360 a year, while buying higher liability limits will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

How to Find the Best Hyundai Ioniq Insurance

Finding cheaper rates on auto insurance not only requires having a good driving record, but also having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Comparison shop at least every other year by getting rate quotes from direct companies, and also from your local independent and exclusive agents.

The next list is a brief recap of the car insurance concepts covered in the charts and tables above.

• Drivers who tend to receive serious violations may pay on average $1,350 more every year to buy Hyundai Ioniq insurance
• You may be able to save up to $130 per year just by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $350 each year
• Consumers who may need increased levels of liability coverage will pay around $510 every year to go from a 30/60 limit to the 250/500 level