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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Updated: 30 January 2025
Written by Bob Phillips
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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

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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.

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.

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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.

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