Hyundai IONIQ Car Insurance Cost 2025
On average, insuring a Hyundai IONIQ costs $2,537 per year. However, the exact premium may vary based on factors such as your age, the model year of your car, and other personal details. You can use our quote tables below to estimate your specific insurance costs.
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If you’re thinking about buying a Hyundai IONIQ, you should consider the cost of insurance. Insurance is a crucial aspect of owning a car, and it’s essential to understand the financial implications before making a purchase. On average, insurance for a Hyundai IONIQ cost $2,537 per year.
Choosing the right car insurance policy is important to avoid unexpected and potentially expensive expenses in the future. It’s vital to have adequate coverage to avoid being burdened with significant out-of-pocket costs if you’re involved in an accident. Additionally, having a history of accidents or traffic violations can result in higher premiums over time.
With more than ten years of experience studying car insurance rates, I’ve observed how much these costs can vary. Factors like your age, driving history, and location can significantly impact the insurance premiums you’ll pay.
How Much Does A Hyundai IONIQ Car Insurance Cost?
Hyundai IONIQ owners usually pay an average of $2,537 annually for car insurance.
The cost of car insurance can vary widely based on several key factors, such as your location, driving history, the year and model of your car, and the type of coverage you choose. A clean driving record often results in lower premiums, while accidents or traffic violations can increase costs.
Living in a densely populated urban area with heavy traffic may lead to higher insurance rates compared to rural areas with lighter traffic. Additionally, the type of coverage you select plays a significant role in determining your premium. For example, comprehensive coverage, which includes collision and broader protections, is typically more expensive than basic liability coverage.
As shown in the table below, the insurance cost for a Hyundai IONIQ is lower than the average for all Hyundais models but higher than the average cost across all vehicle types.
For personalized assistance, Insuranceopedia can help you compare quotes from different auto insurance providers, making it easier to find the best option for your budget and needs.
Vehicle | Average Monthly Premium |
Hyundai IONIQ | $177 |
All Hyundais | $186 |
All Cars | $175 |
Average Insurance Cost Of Hyundai IONIQ By Model Year
Model Year | Average Premium |
2023 Hyundai IONIQ | $5,011 |
2022 Hyundai IONIQ | $1,911 |
2021 Hyundai IONIQ | $1,417 |
2020 Hyundai IONIQ | $1,291 |
2019 Hyundai IONIQ | $947 |
2018 Hyundai IONIQ | $926 |
2017 Hyundai IONIQ | $886 |
2023 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2023 Hyundai IONIQ is $5,011. However, NatGen PPA offers the cheapest rates, averaging $2,365 per year.
Insurance Provider | Average Annual Cost |
Dairyland | $7,656 |
NatGen PPA | $2,365 |
2022 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2022 Hyundai IONIQ is $1,911. However, New York Central Mutual Fire offers the cheapest rates, averaging $1,534 per year.
Insurance Provider | Average Annual Cost |
New York Central Mutual Fire | $1,534 |
Texas Farm Bureau Group | $1,685 |
Unitrin | $2,125 |
New Jersey Manufacturers | $2,156 |
USAA | $2,155 |
Dairyland Scored | $1,282 |
Capital Insurance Group | $2,187 |
PEMCO | $2,262 |
North Carolina Farm Bureau | $1,793 |
Permanent General | $1,930 |
2021 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2021 Hyundai IONIQ is $1,417. However, Buckeye Insurance Group offers the cheapest rates, averaging $706 per year.
Insurance Provider | Average Annual Cost |
USAA | $1,778 |
Erie | $1,614 |
Buckeye Insurance Group | $706 |
Hanover | $1,635 |
Ohio Mutual Ins Group | $1,767 |
Texas Farm Bureau Group | $1,539 |
Hastings Mutual Insurance Co | $848 |
American Family | $1,680 |
Virginia Farm Bureau | $1,106 |
Country | $1,500 |
2020 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2020 Hyundai IONIQ is $1,291. However, Kemper Auto Premier offers the cheapest rates, averaging $706 per year.
Insurance Provider | Average Annual Cost |
Kemper Auto | Infinity | $805 |
Kemper Auto Premier | $706 |
New Jersey Manufacturers | $1,799 |
Texas Farm Bureau Group | $1,621 |
USAA | $1,676 |
Mercury Insurance Company | $1,554 |
Pekin Insurance | $1,044 |
PEMCO | $1,246 |
SECURA Insurance | $1,173 |
Hastings Mutual Insurance Co | $1,328 |
2019 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2019 Hyundai IONIQ is $947. However, AssuranceAmerica Economy offers the cheapest rates, averaging $618 per year.
Insurance Provider | Average Annual Cost |
Mercury Insurance | $630 |
PEMCO | $1,414 |
Texas Farm Bureau Group | $975 |
Safeco | $896 |
Direct Auto | $709 |
Capital Insurance Group | $1,438 |
Virginia Farm Bureau | $1,036 |
AssuranceAmerica Elite | $964 |
Dairyland FR Bond | $787 |
AssuranceAmerica Economy | $618 |
2018 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2018 Hyundai IONIQ is $926. However, Texas Farm Bureau Group offers the cheapest rates, averaging $447 per year.
Insurance Provider | Average Annual Cost |
Capital Insurance Group | $1,121 |
New York Central Mutual Fire | $1,082 |
SECURA Insurance | $1,074 |
Erie | $1,044 |
Texas Farm Bureau Group | $447 |
Hastings Mutual Insurance Co | $1,116 |
Grange Mutual | $1,080 |
National General | $706 |
Pekin Insurance | $948 |
Safeco | $638 |
2017 Hyundai IONIQ Insurance Rates
The average annual insurance cost for a 2017 Hyundai IONIQ is $886. However, Kemper Auto | Infinity offers the cheapest rates, averaging $382 per year.
Insurance Provider | Average Annual Cost |
Safeco | $937 |
Western Reserve | $1,159 |
Pekin Insurance | $953 |
Buckeye Insurance Group | $779 |
Kemper Auto | Infinity | $382 |
Texas Farm Bureau Group | $1,180 |
Wolverine Mutual | $920 |
Indiana Farmers Mutual Ins | $919 |
SECURA Insurance | $937 |
AssuranceAmerica | $698 |
Find Affordable Hyundai IONIQ Insurance Rates
Is A Hyundai IONIQ Expensive To Insure?
Insuring a Hyundai IONIQ typically costs more than the average for all car models. However, the exact price you’ll pay for car insurance will depend on several factors, including your age, the age of your vehicle, where you live, and other personal details.
Cost of Hyundai IONIQ Car Insurance By Age
Age is a key factor in determining car insurance rates. Teen drivers usually face the highest premiums since they are statistically more likely to be involved in accidents. However, as you grow older and become a lower-risk driver, your insurance costs tend to decrease.
Driver Age | Good Driver | Recent Accident | Poor Credit |
17 | $8,584 | $12,573 | $14,713 |
18 | $7,982 | $11,770 | $13,685 |
19 | $7,086 | $10,382 | $12,168 |
20 | $6,159 | $9,038 | $10,608 |
21 | $5,191 | $7,546 | $8,844 |
22 | $4,994 | $7,396 | $8,613 |
23 | $4,386 | $6,499 | $7,575 |
24 | $4,226 | $6,085 | $7,217 |
25 | $3,576 | $5,255 | $6,228 |
30 | $2,770 | $4,082 | $4,792 |
35 | $2,658 | $3,885 | $4,546 |
40 | $2,515 | $3,758 | $4,332 |
45 | $2,458 | $3,590 | $4,197 |
55 | $2,214 | $3,332 | $3,891 |
65 | $2,332 | $3,494 | $4,044 |
75 | $2,931 | $4,400 | $5,076 |
Hyundai IONIQ Car Insurance Rates By State
Your location is a major factor in how insurance companies determine rates. Each state has its own regulations for auto insurance, which can influence costs. For instance, Michigan drivers often face higher premiums due to the state’s requirement for more extensive coverage. Additionally, local climates play a role—areas prone to severe weather events like hurricanes, storms, or flooding may see higher rates.
Insurance providers also assess regional data on crime and auto accidents, including car thefts, collisions, and vehicle-related fatalities. All these factors are taken into account when calculating your specific insurance rate for a Hyundai IONIQ.
State | Good Driver | Recent Accident | Poor Credit |
Alabama | $2,698 | $3,932 | $4,990 |
Alaska | $2,227 | $3,055 | $2,954 |
Arizona | $2,497 | $3,575 | $5,306 |
Arkansas | $2,707 | $4,295 | $4,755 |
California | $3,049 | $5,369 | $3,078 |
Colorado | $2,843 | $3,973 | $5,035 |
Connecticut | $3,599 | $5,644 | $7,152 |
Delaware | $3,000 | $4,043 | $5,153 |
Florida | $3,554 | $4,963 | $6,479 |
Georgia | $2,913 | $4,367 | $4,375 |
Hawaii | $1,174 | $1,605 | $1,184 |
Idaho | $1,997 | $2,696 | $3,328 |
Illinois | $2,136 | $3,242 | $3,681 |
Indiana | $2,176 | $3,395 | $3,731 |
Iowa | $1,730 | $2,424 | $2,833 |
Kansas | $2,286 | $3,336 | $3,959 |
Kentucky | $3,371 | $4,926 | $5,775 |
Louisiana | $4,302 | $6,438 | $7,014 |
Maine | $1,656 | $2,207 | $3,291 |
Maryland | $2,613 | $3,799 | $4,215 |
Massachusetts | $2,094 | $3,712 | $2,141 |
Michigan | $5,031 | $7,734 | $12,177 |
Minnesota | $2,093 | $2,745 | $3,941 |
Mississippi | $2,519 | $3,579 | $3,574 |
Missouri | $2,371 | $3,430 | $4,492 |
Montana | $2,412 | $3,396 | $3,889 |
Nebraska | $1,990 | $3,018 | $3,246 |
Nevada | $3,363 | $4,945 | $5,288 |
New Hampshire | $2,373 | $3,693 | $4,631 |
New Jersey | $2,619 | $4,010 | $5,248 |
New Mexico | $2,616 | $3,935 | $4,042 |
New York | $2,480 | $3,041 | $5,116 |
North Carolina | $1,540 | $2,646 | $1,837 |
North Dakota | $2,046 | $3,100 | $3,721 |
Ohio | $1,810 | $2,890 | $2,888 |
Oklahoma | $2,928 | $4,198 | $4,768 |
Oregon | $2,653 | $3,645 | $4,324 |
Pennsylvania | $2,221 | $3,277 | $3,836 |
Rhode Island | $3,806 | $5,503 | $6,237 |
South Carolina | $2,583 | $3,562 | $4,880 |
South Dakota | $2,324 | $3,343 | $3,862 |
Tennessee | $2,675 | $4,012 | $5,256 |
Texas | $2,746 | $3,932 | $4,909 |
Utah | $2,271 | $3,258 | $4,503 |
Vermont | $1,767 | $2,740 | $2,904 |
Virginia | $1,654 | $2,598 | $2,565 |
Washington | $2,223 | $2,984 | $3,560 |
West Virginia | $2,265 | $3,203 | $3,961 |
Wisconsin | $2,242 | $3,438 | $3,990 |
Wyoming | $2,084 | $2,935 | $3,142 |
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Common Hyundai IONIQ Insurance Discounts
Discounts can be an excellent way to reduce your car insurance premiums. While each provider offers unique discounts, here are some common options you might qualify for:
- Multi-policy Discount: Bundling your home and auto insurance with the same provider can often lower your rates.
- Pay-in-Full Discount: Paying your annual premium upfront instead of in monthly installments can earn you a discount.
- Defensive Driving Discount: Completing a certified defensive driving course can make you eligible for reduced rates.
There may be additional discounts available based on your specific situation. It’s a good idea to consult with your insurance agent to explore all the discounts you qualify for.
Ways To Save On Hyundai IONIQ Insurance Costs
Keeping a clean driving record is one of the most effective ways to lower your Hyundai IONIQ insurance costs. Traffic violations like speeding tickets or accidents can significantly increase your premiums. For example, Hyundai IONIQ drivers with a ticket may pay around $45 per month, while those with multiple accidents could see rates averaging $112 per month. Avoiding these incidents can help keep your insurance rates affordable.
Additionally, annual mileage impacts insurance costs. Drivers with lower mileage are considered lower risk since they spend less time on the road and have fewer opportunities for accidents. For instance, Hyundai IONIQ drivers who log 5,000 to 7,500 miles annually might pay about $183 per month, while those driving over 10,000 miles per year typically pay closer to $104 per month.
Compare Hyundai IONIQ To Other Hyundai Models
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Our Methodology
To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance companies. The sample profile used for this calculation was a 40-year-old male purchasing full-coverage insurance with the following limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. Keep in mind, however, that the rates in this guide may vary from your personal results due to individual factors.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A Hyundai IONIQ?
You’ll need to show proof of insurance before driving your Hyundai IONIQ off the dealership lot. It’s a good idea to purchase a policy beforehand and inform your insurance provider about your upcoming car purchase. This approach is often better than opting for insurance directly through the dealership.
How Can You Get The Cheapest Insurance For Your Hyundai IONIQ?
To find the most affordable rates for your Hyundai IONIQ, it’s essential to shop around and compare quotes from various auto insurance companies. Thankfully, Insuranceopedia makes this process easy by letting you compare quotes from multiple providers directly on their website.