Hyundai Ioniq Insurance Rates

U.S. average insurance rates for a Hyundai Ioniq are $1,156 a year for full coverage insurance. Comprehensive insurance costs approximately $200 each year, collision insurance costs $338, and liability coverage is estimated at $460. Liability-only coverage costs approximately $510 a year, and high-risk coverage costs $2,502 or more. Teenage drivers pay the highest rates at up to $4,546 a year.

Average premium for full coverage: $1,156

Price estimates by individual coverage:

These estimates include $500 physical damage deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 states and Ioniq models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on the price of auto insurance. Rural locations have lower incidents of physical damage claims than densely populated cities. The graphic below illustrates how geographic area affects auto insurance prices.

The ranges above illustrate why all drivers should get quotes using their specific location, rather than using average rates.

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

Additional Rate Information

The chart below illustrates average Hyundai Ioniq insurance rates for additional coverage and risk scenarios.

• The best discount rate is $682
• Choosing higher $1,000 deductibles can save $122 each year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,156
• Using low deductibles for comp and collision coverage will cost an additional $236 each year
• Drivers who are prone to accidents and violations could pay around $2,502
• The price that insures a teenage driver can cost $4,546 each year

View Chart as Image

Auto insurance prices for a Hyundai Ioniq are also quite variable based on the trim level and model year, your age and driving record, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are probably paying anywhere from $1,400 to $1,900 in extra premium each year, depending on your age. Insurance for high-risk drivers ranges around 42% to 135% more than a normal policy. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,100 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay in the ballpark of $4,500 a year. View Rates by Age

The state you live in plays a big part in determining prices for Hyundai Ioniq insurance rates. A good driver about age 40 could pay as low as $760 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,560 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can save as much as $360 a year, whereas increasing liability limits will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $414 extra every year. View Rates by Deductible or Liability Limit

How to Find Cheap Hyundai Ioniq Insurance

Getting lower rates on auto insurance takes being a safe and courteous driver, maintaining a good credit score, not filing small claims, and possibly higher deductibles. Compare prices at every policy renewal by requesting quotes from direct insurance companies, and also from your local car insurance providers.

Below is a brief summary of the data presented in the illustrations above.

• Consumers who purchase higher levels of liability will pay an extra $510 annually to raise limits from a low limit to the 250/500 level
• It is possible to save around $130 per year just by quoting online in advance
• Increasing physical damage deductibles can save approximately $350 each year
• Teenage drivers have the highest car insurance prices, as much as $379 a month if the policy includes full coverage