Hyundai Ioniq Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Hyundai Ioniq costs more than most other cars to insure.

• Full coverage for an Ioniq normally runs about $187 a month, while liability only car insurance premiums tend to be around $92.

• The cheapest insurance carrier for an Ioniq is Jupiter, who offers liability only coverage for sometimes as low as $43 per month, on average.

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Ioniq Overview

With base prices starting at just $23,400 for new 2021 models, the Hyundai Ioniq is a great car for all budgets. There's a Ioniq for every driver, with your choice of four different trim options.

We analyzed thousands of car insurance quotes on Compare.com, and we've found that average Hyundai Ioniq auto insurance prices run about $167 a month. How do car insurance premiums for the Ioniq stack up against other similar cars?

How Much is Car Insurance for a Hyundai Ioniq?

Based on the table above, compared to other vehicles, Hyundai Ioniq insurance prices are more expensive than average. On average, Ioniq drivers can expect to pay around $187 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $92 monthly for liability only insurance (check out our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).

When you compare it to other models, the Ioniq is slightly more expensive, with rates more than 5% higher than the other vehicle types offered by Hyundai. Compared to offerings from other brands, insurance for an Ioniq is similarly on the expensive side, with liability only insurance prices coming in about $9 more and $10 more for full coverage.

Overall, they're just more expensive to insure than the average vehicle, no matter which body style, make, or model you compare it to.

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Who has the Cheapest Car Insurance for a Hyundai Ioniq?

Shopping around for an auto insurance policy for your Hyundai Ioniq? You might be wondering which company offers the cheapest prices. While premiums can shift pretty significantly depending on your driver profile, the most affordable average rates for liability only insurance are as cheap as just $39 a month from MetroMile. The next lowest carrier is Jupiter, who offers auto insurance sometimes as cheap as $43 monthly.

CSAA, Aspire, and NationalGeneral finish off the rest of the top 5. That being said, just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Hyundai Ioniq.

Auto insurance carriers take lots of different factors into consideration when calculating monthly prices. By checking quotes from quite a few car insurance companies at once, you can guarantee you're finding the cheapest rate.

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What Factors Affect Car Insurance Rates for a Hyundai Ioniq?

There are a whole range of things that auto insurance carriers take a look at to determine how much to charge -- and every company weighs certain pieces more than others, so there's not a single carrier that's the lowest for everyone.

Keep reading to learn which variables insurance companies look at and how they affect your final rate:

Vehicle Age

The Hyundai Ioniq has been around for a few years -- that means vehicle age will likely make a difference in your car insurance price. Normally, it costs less to insure older cars because they're worth less than newer models, and as time goes on and Ioniqs begin to depreciate, insurance costs will gradually go lower.

As you can see in the table above, the Hyundai Ioniq is in line with this trend, as the most expensive models to insure are those that are 2 to 3 years old, while on average, the cheapest models are Ioniqs that are 4 to 5 years old.

Your Age

Your age is another variable that plays a role in how much auto insurance carriers will charge you for insurance. Based on the information above, drivers who have more experience pay less compared to teenage drivers. Hyundai Ioniq drivers aged between 18 and 24 actually pay $42 more than those 25 or older.

Insurance prices continue to get lower as you get older, with the cheapest age group being 65 years and older for Ioniq drivers.

Your Gender

Because women are less likely to get tickets and get into collisions, they have a lower chance of filing a claim with insurance. So, insurance companies will tend to offer women more affordable rates. The Hyundai Ioniq is no different, and women pay around $8 less than men per month for auto insurance.

Where You Live

You might already know that things like what vehicle you drive and how old you are play a role in your car insurance prices, but you may not realize that where you live matters, too. Car insurance is regulated at the state level, so rates can change quite a bit from state to state.

For example, the average Hyundai Ioniq owner from New York pays about $230 monthly for liability coverage. Meanwhile, on average, the same driver in California will pay less than a third of that price.

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Hyundai Ioniq Car Insurance Discounts

Regardless of your age, your home state, or your car, it's always in your best interest to take advantage of as many insurance discounts as possible when shopping around for a policy.

Not every car insurance company will offer the same discounts, but there are a few that are relatively universal. These include discounts like:

• Multi-policy discounts for using the same insurance carrier for both your home and car insurance
• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like air bags or anti-lock brakes)
• Pay-in-full discounts for choosing to pay your entire policy rate at once, rather than in monthly installments
• Multi-vehicle discounts for adding more than one car to your auto policy

While taking advantage of discounts is always a smart way to save money on your insurance, sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like not having recent insurance claims, avoiding lapses in coverage, and driving safely.

Of course, you can't control every single aspect of your auto insurance profile (like some of the attributes we mentioned above), but there is quite a bit that you do have control over. Below are just a few of the factors you can use to your advantage when it comes to saving money:

Your Driving Record

You've most likely observed ads from insurance carriers posting big discounts for responsible drivers. It follows that if you get tickets or get into an accident, car insurance premiums will go higher. But you still might be left wondering exactly how much these infractions will cost you.

Based on the table above, accidents will usually cost Ioniq drivers more than tickets, but both will result in higher than normal rates. Hyundai Ioniq drivers with one accident on their record pay an average of $114 a month (up $22 from the $92/mo. overall average), while drivers with a single ticket will pay about $51 a month. The rates only increase the more collisions you have or tickets you get.

How Much You Drive

Another factor you have control over is the total distance you drive annually. Drivers who are on the roads less have fewer opportunities to get into an accident, so they'll generally end up spending less on auto insurance. In the table above, you can see that Hyundai Ioniq owners who drive fewer than 2,500 miles every year pay an average of $57 per month for insurance, while those who put 10,000 miles or more on their cars pay $99.

If you don't use your Hyundai Ioniq that often, you might consider choosing a usage-based or pay-per-mile auto insurance policy. With these plans, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

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How Do Hyundai Ioniqs Compare to Other Vehicles?

If you're considering making a Hyundai Ioniq your next purchase, it can pay off to do your homework. Auto insurance is just one cost that's associated with buying a new car, but it's guaranteed to be one that's worth considering carefully.

Visit the table below to see how the Hyundai Ioniq compares:

With an MSRP that's a third less than the going rate for a new vehicle, the Hyundai Ioniq is a fantastic value for any budget. The Ioniq goes for $23,400, which is quite a bit lower than the national average vehicle price of $46,223.

But while the purchase price is on the lower end of the spectrum, car insurance rates are slightly higher when compared to other vehicles on the market. Full coverage insurance for a Hyundai Ioniq is around $90 per month more than average, while liability only coverage is $7 cheaper monthly.

When it comes to usage, Hyundai Ioniq owners drive fewer miles annually than the national average, with 11,673 miles for all vehicles per year compared to the Ioniq's 9,387 each year.

Hyundai Ioniq Car Insurance Costs by Model Year

We've gone over many of the variables that can have an impact on what you'll pay for auto insurance. If you're considering purchasing a new Ioniq, knowing how much your vehicle will likely cost can be helpful as you consider your options.

So we've decided to break down Hyundai Ioniq car insurance premiums by model year. Simply find the model year you want in the dropdown to see average rates for both liability only and full coverage options, as well as some other helpful info, like the base MSRP, who offers the most affordable policies, which trim levels are offered for each Ioniq model year.

Choose Your Model

2021 Hyundai Ioniq Car Insurance 2020 Hyundai Ioniq Car Insurance 2019 Hyundai Ioniq Car Insurance 2018 Hyundai Ioniq Car Insurance 2017 Hyundai Ioniq Car Insurance

2021 Hyundai Ioniq Car Insurance

If you're searching for a brand new Hyundai Ioniq, you've got plenty of options. A base model Ioniq will put you back $23,400 (plus taxes and other fees), but with four different trim levels to pick from, the price can go up from there.

When it comes to insuring a Ioniq, the average 2021 Hyundai Ioniq typically costs about $259 per month for full coverage and $74 a month for a liability only policy. And if you want the cheapest insurance possible, Aspire offers liability only policies for as low as $37 per month.

Although it helps to know the average price drivers pay to insure a 2021 Ioniq, the only way to find out exactly what you'll pay is to get a personalized quote. Luckily, with Compare.com you can compare quotes from lots of companies at once, all for free. Simply enter your ZIP code below, answer a few questions, and you'll be unlocking your best rates in minutes.

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2020 Hyundai Ioniq Car Insurance

If you're looking to buy a 2020 Ioniq or already own one, you can expect an average insurance premium of around $178 for full coverage or $74 for a liability only policy.

And if you're just looking for the lowest auto insurance for your Ioniq, Gainsco offers liability only policies for sometimes as little as $20 monthly.

If you want to find the best prices for insurance for a 2020 Hyundai Ioniq, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2019 Hyundai Ioniq Car Insurance

On average, drivers who own a 2019 Ioniq can expect to pay $129 to $208 a month for liability only and full coverage car insurance, respectively.

Hugo offered the most affordable policy we found, with rates as little as just $16 per month.

Interested in what your insurance rate will be? Enter your ZIP code below to get a variety of customized quotes for free.

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2018 Hyundai Ioniq Car Insurance

It costs about $82 a month for liability or $186 for a full coverage policy for the 2018 Hyundai Ioniq.

We found Liberty Mutual offered the lowest policy, with rates as little as $33 monthly.

While these are good estimates of what the average driver might pay to insure a 2018 Hyundai Ioniq, these rates might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2017 Hyundai Ioniq Car Insurance

You can expect full coverage for a 2017 Ioniq to run around $165 per month, while liability only coverage will average about $75 a month.

If you're looking for the lowest possible 2017 Hyundai Ioniq insurance policy, DirectGeneral offered the cheapest policy we found, with rates as low as just $34 monthly.

Want to know just how much you'll pay? Just enter your ZIP code below to get multiple free customized quotes.

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Hyundai Ioniq Insurance FAQs

Is a Hyundai Ioniq expensive to insure?

Liability insurance runs an average of $92 a month, while full coverage will cost you around $187. Compared to the national average of all cars, prices come in on the more expensive end of the spectrum.

How can I get the best price on car insurance for my Hyundai Ioniq?

The only way to guarantee you're getting the most affordable price on auto insurance is to regularly shop around and compare quotes from several carriers. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from an array of companies at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Hyundai Ioniq affect my insurance prices?

You've probably heard the old adage that it costs more to insure a red car, but that's actually a myth. There are several factors car insurance carriers examine when they offer you a premium, but your vehicle's color isn't one of them.

Do I need to have insurance before I buy a Hyundai Ioniq?

You'll need to have an insurance policy in place before you can legally driver your new (or new to you) car off the dealership lot. Some dealerships will offer you one during the purchase process, but it's best to let your insurance company know ahead of time.

What car insurance discounts can I get for my Hyundai Ioniq?

You will find a range of discounts out there when it comes to car insurance. Many of them (like "multi-vehicle discounts" and "safe driver discounts") are based less on your Ioniq and more on you, but if your Ioniq has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may be eligible for certain discounts. The best way to find out is to contact your insurance carrier and ask about their discounts.