Hyundai Ioniq Insurance Rates

The average insurance prices for a Hyundai Ioniq are $1,156 every 12 months including full coverage. Comprehensive costs an estimated $200 a year, collision insurance costs $338, and liability costs around $460. Buying just liability costs as low as $510 a year, and insurance for high-risk drivers 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 broken down by type of insurance:

These estimates include $500 policy deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and Ioniq trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on the price of auto insurance. More rural locations are shown to have more infrequent comprehensive and collision claims than densely populated cities. The diagram below illustrates the effect of geographic area on insurance prices.

The examples above highlight why it is important to compare prices for a targeted area and their own driving history, instead of using average rates.

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

More Rate Details

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

• The best discount rate is $682
• Using higher $1,000 deductibles will save approximately $1,034 every year
• The average price for a good driver age 40 who has $500 deductibles is $1,156
• Using low $100 deductibles for physical damage coverage increases the price to $1,392
• Drivers who are prone to accidents and violations could pay up to $2,502
• Policy cost to insure a teen driver can cost as much as $4,546 or more

View Chart as Image

Insurance rates for a Hyundai Ioniq also range considerably based on liability limits and deductibles, your driving characteristics, and the model year and trim level.

Using high physical damage deductibles could cut rates by as much as $360 every year, while buying higher liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as little as $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay at least $4,500 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,400 to $1,900 extra every year, depending on your age. A high-risk auto insurance policy can be as much as 42% to 135% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Hyundai Ioniq insurance prices. A driver around age 40 might see rates as low as $890 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,650 on average in Louisiana, New York, and Michigan.

View Chart as Image

How to Shop for Cheap Hyundai Ioniq Insurance

Finding cheaper rates on car insurance requires being a good driver, having good credit, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Take the time to compare rates every year by quoting rates from direct car insurance companies, and also from local insurance agencies.

The following list is a brief summary of the coverage data covered in the above illustrations.

• You may be able to save approximately $130 per year just by quoting early and online
• Increasing comprehensive and collision deductibles could save as much as $350 each year
• Drivers age 16 to 20 are charged the highest rates, with premiums being up to $379 each month if they have full coverage
• Higher risk drivers that tend to have accidents or serious violations may have to pay on average $1,350 more annually than a safer driver