Hyundai Ioniq Insurance Rates

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UPDATED: May 17, 2024

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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:

Comprehensive $200
Collision $338
Liability $460

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

For an average driver, Hyundai Ioniq insurance rates range from the low end price of $510 for just liability coverage to the much higher price of $2,502 for high-risk insurance.

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

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.

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

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.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

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

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

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.

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

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

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 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

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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