Hyundai Ioniq Insurance Cost [2022 Rates + Comparisons]

How much does insurance cost for Hyundai Ioniq? We tallied rates from the Blue Hybrid to the Limited Ultimate to see how cost compares to the rest of the compact car segment.

Start QuoteCompare Ioniq car insurance rates and save on your next policy.

How much does Hyundai Ioniq car insurance cost?

Hyundai Ioniq insurance rates cost an average of $1,636 a year for full coverage, or around $136 a month. Drivers can plan on paying about $67 more each year to insure a Hyundai Ioniq compared to the small car average rate, and $69 more per year than the $1,567 all-vehicle national average rate.

The chart below illustrates how average Ioniq car insurance rates for the 2022 model year fluctuate depending on driver age and policy deductibles. The rate values shown range from a low of $1,240 per year for a 60-year-old driver with high physical damage deductibles to the most expensive rate of $3,756 per year for a driver age 20 with a $250 policy deductible.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2022 Hyundai Ioniq with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Hyundai Ioniq trim levels.Data last updated on November 16, 2022
Hyundai Ioniq Insurance Rate Summary
Hyundai Ioniq Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,760$230
$500$3,244$270
$250$3,756$313
30$1,000$1,448$121
$500$1,718$143
$250$2,004$167
40$1,000$1,386$116
$500$1,636$136
$250$1,896$158
50$1,000$1,262$105
$500$1,486$124
$250$1,722$144
60$1,000$1,240$103
$500$1,460$122
$250$1,690$141

To help you understand the vast range of Ioniq auto insurance rates, consider that a policy for liability only on a Hyundai Ioniq in some parts of Virginia or Idaho can cost as little as $234 a year.

For an identical Hyundai Ioniq, a 16-year-old male driver with a tendency to speed could pay as much as $13,236 a year for a full coverage California car insurance policy.

Because of this variability, we recommend getting an exact rate quote from several companies in order to help solidify the rate you’ll pay.

How does Ioniq insurance cost compare?

When compared to top-selling vehicles in the small car class, car insurance for a Hyundai Ioniq costs $126 more per year than the Honda Civic, $136 more than the Toyota Corolla, $148 more than the Nissan Sentra, and $110 more than the Toyota Prius.

The Hyundai Ioniq ranks #15 out of 20 total comparison vehicles in the small car segment. The Ioniq costs an average of $1,636 per year for full coverage insurance and the segment average cost is $1,569 per year, a difference of $67 per year.

The table below shows how average car insurance rates for a 2022 Ioniq compare to the entire 20 vehicle compact car class.

Insurance Cost Comparison: Hyundai Ioniq vs Small Cars
Rank Make/Model Insurance Cost Difference
1Subaru Impreza$1,324-$312
2Chevrolet Spark$1,328-$308
3Volkswagen Golf$1,466-$170
4Volkswagen Jetta$1,482-$154
5Nissan Sentra$1,488-$148
6Toyota Corolla$1,500-$136
7Kia Rio$1,504-$132
8Honda Civic$1,510-$126
9Mazda 3$1,516-$120
10Toyota Prius$1,526-$110
11Hyundai Accent$1,544-$92
12Hyundai Veloster$1,556-$80
13Kia Forte$1,560-$76
14Nissan Leaf$1,628-$8
15Hyundai Ioniq$1,636--
16Honda Clarity$1,678$42
17Nissan Versa$1,718$82
18Hyundai Elantra$1,720$84
19Mitsubishi Mirage G4$1,728$92
20Toyota Mirai$1,968$332

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 16, 2022
Insurance Cost Comparison: Hyundai Ioniq vs Small Cars

What is the cheapest Hyundai Ioniq insurance?

The cheapest trim level of Hyundai Ioniq to insure is the Hybrid Blue at around $1,576 per year. The second cheapest trim is the Electric SE also costing $1,590 per year. The third cheapest trim level to insure is the Plug-in Hybrid SE at $1,606 per year.

The most expensive trim levels of Hyundai Ioniq to insure are the Hybrid Limited at $1,716 and the Plug-in Hybrid Limited at $1,672 per year. Those trim levels will cost an extra $140 and $96 per year, respectively, over the cheapest Hybrid Blue model.

The next table details the average cost to insure an Ioniq, including a monthly insurance rate, for each Hyundai Ioniq trim level.

2022 Hyundai Ioniq Insurance Cost by Trim Level
Hyundai Ioniq Trim Level Annual Policy 6-month Policy Per Month
Hybrid Blue$1,576$788$131
Electric SE$1,590$795$133
Plug-in Hybrid SE$1,606$803$134
Hybrid SE$1,608$804$134
Plug-in Hybrid SEL$1,630$815$136
Electric Limited$1,636$818$136
Hybrid SEL$1,668$834$139
Plug-in Hybrid Limited$1,672$836$139
Hybrid Limited$1,716$858$143

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Hyundai Ioniq, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 16, 2022
Hyundai Ioniq Insurance Cost by Trim Level

How much is insurance for a used Ioniq?

Buying insurance for a 2017 Hyundai Ioniq in place of the newest 2022 model year could save as much as $244 on a yearly basis. Even driving a gently used 2019 model could save the average driver around $164 each year.

The following data table illustrates average Hyundai Ioniq insurance rates for a range of model years and driver ages. Annual policy costs range from the best price of $1,250 for a 60-year-old driver rated on a 2017 Hyundai Ioniq to the most expensive cost of $3,244 for a 20-year-old with a 2022 model year.

Hyundai Ioniq Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2022 Hyundai Ioniq$3,244$1,636$1,460
2021 Hyundai Ioniq$3,308$1,662$1,488
2020 Hyundai Ioniq$3,256$1,634$1,464
2019 Hyundai Ioniq$2,938$1,472$1,318
2018 Hyundai Ioniq$2,790$1,400$1,252
2017 Hyundai Ioniq$2,786$1,392$1,250

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 16, 2022
Hyundai Ioniq Insurance Cost by Model Year