Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Are you looking for a new or used Hyundai Ioniq Electric? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

Hyundai Ioniq Electric car insurance facts

  • Average full coverage auto insurance premium: $127/month

  • Most affordable companies: GEICO ($78/month) & American Family Insurance ($86/month)

  • Ioniq Electric car insurance cost vs. average rates: $18 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Hyundai Ioniq Electric by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Hyundai Ioniq Electric insurer costs by state:

Risk factors affecting Hyundai Ioniq Electric insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your car insurance rate.

How to save money on Hyundai Ioniq Electric coverage rates?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Hyundai models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Hyundai automobile brand

Hyundai is a South Korean automobile manufacturer specializing in affordable cars offering the same features and technologies as more expensive Japanese and American brands. The target audience of Hyundai is the young through older generation demanding high tech cars that are fashionable at a low price. All Hyundai automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The Hyundai Sonata, Elantra, Sante Fe, and Palisade are some of their most popular cars.

Low Hyundai Ioniq Electric repair costs equal low car insurance rates

Many consumers are attracted to Hyundai’s low cost, excellent fuel efficiency, and driver-assist technologies, like Hyundai’s SmartSense safety features. Automotive parts are common and less expensive than popular vehicles, like ToyotaHonda, or Subaru. Repairing a Hyundai is lower than average since repair parts are less expensive. For this reason, many Hyundais are going to have lower than average car insurance rates compared to similar cars in their class.

Rapid depreciation for Hyundai Ioniq Electric affecting car insurance policies

Another factor to consider for Hyundai is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Hyundai models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your car insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

Excellent Hyundai IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

Hyundais are known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as Hyundai’s SmartSense technology innovations and safety, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features for most Hyundai models. The Hyundai Sonata, Tucson, Kona, and Palisade are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Hyundai automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Hyundai automobile owners when buying an insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 Hyundai Ioniq Electric

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1754
Acuity$1896
Allied$1306
Allstate$1475
American Family$1042
Arbella$1327
Country Financial$1512
GEICO$956
Kentucky Farm Bureau$1137
Liberty Mutual$1248
Mercury$1273
Nationwide$1324
Progressive$1189
Quincy Mutual$1562
State Farm$1126
Texas Farm Bureau$1390
The Hanover$1609
Travelers$1481

Compare all 2021 Hyundai Ioniq Electric rates

Average Cost to Insure Per Year

$1527

List Price

$33245

Trims Available

Base - Limited - Base engine: IONIQ Electric Motor has an EPA-estimated range of 170 miles with Hyundai SmartSense technology advanced driving assistance system (ADAS) includes Forward Collision Avoidance Assist w/ Pedestrian Detection (FCA), Smart Cruise Control with Stop & Go (SCC), Lane Keeping Assist (LKA), Lane Follow Assist (LFA), Driver Attention Warning (DAW), High Beam Assist (HBA), Rear Occupant Alert (ROA) door logic, Blind Spot Detection (BSD), Blind Spot Collision Avoidance Assist (BCA), Rear Cross-Traffic Collision-Warning (RCCW), Electronic, Stability Control, Traction Control System, Anti-Lock Braking System, Electronic Brake-Force Distribution, Advanced Airbag System, Tire Pressure Monitoring System

2020 Hyundai Ioniq Electric

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1711
Allied$1156
Allstate$1338
American Family$915
Arbella$1284
Country Financial$1429
GEICO$839
Kentucky Farm Bureau$987
Liberty Mutual$1035
Mercury$1087
Nationwide$1234
Quincy Mutual$1487
State Farm$924
Texas Farm Bureau$1356
The Hanover$1530
Travelers$1408

Compare all 2020 Hyundai Ioniq Electric rates

Average Cost to Insure Per Year

$1389

List Price

$33045

Trims Available

Base - Limited - Base engine: IONIQ Electric Motor has an EPA-estimated range of 170 miles with Hyundai SmartSense technology advanced driving assistance system (ADAS) includes Forward Collision Avoidance Assist w/ Pedestrian Detection (FCA), Smart Cruise Control with Stop & Go (SCC), Lane Keeping Assist (LKA), Lane Follow Assist (LFA), Driver Attention Warning (DAW), High Beam Assist (HBA), Rear Occupant Alert (ROA) door logic, Blind Spot Detection (BSD), Blind Spot Collision Avoidance Assist (BCA), Rear Cross-Traffic Collision-Warning (RCCW), Electronic, Stability Control, Traction Control System, Anti-Lock Braking System, Electronic Brake-Force Distribution, Advanced Airbag System, Tire Pressure Monitoring System

2019 Hyundai Ioniq Electric

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1705
Allied$1154
Allstate$1335
American Family$880
Arbella$1270
Country Financial$1405
GEICO$825
Kentucky Farm Bureau$953
Liberty Mutual$1024
Mercury$1065
Nationwide$1190
Quincy Mutual$1435
State Farm$906
Texas Farm Bureau$1305
The Hanover$1527
Travelers$1387

Compare all 2019 Hyundai Ioniq Electric rates

Average Cost to Insure Per Year

$1340

List Price

$31235

Trims Available

Base - Limited - Base engine: IONIQ Electric Motor has an EPA-estimated range of 170 miles with Hyundai SmartSense technology advanced driving assistance system (ADAS) includes Forward Collision Avoidance Assist w/ Pedestrian Detection (FCA), Smart Cruise Control with Stop & Go (SCC), Lane Keeping Assist (LKA), Lane Follow Assist (LFA), Driver Attention Warning (DAW), High Beam Assist (HBA), Rear Occupant Alert (ROA) door logic, Blind Spot Detection (BSD), Blind Spot Collision Avoidance Assist (BCA), Rear Cross-Traffic Collision-Warning (RCCW), Electronic, Stability Control, Traction Control System, Anti-Lock Braking System, Electronic Brake-Force Distribution, Advanced Airbag System, Tire Pressure Monitoring System

2018 Hyundai Ioniq Electric

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $1649
Allied$1080
Allstate$1290
American Family$876
Arbella$1106
Country Financial$1379
GEICO$816
Kentucky Farm Bureau$923
Liberty Mutual$1040
Mercury$1065
Nationwide$1097
Quincy Mutual$1420
State Farm$890
Texas Farm Bureau$1135
The Hanover$1511
Travelers$1354

Compare all 2018 Hyundai Ioniq Electric rates

Average Cost to Insure Per Year

$1206

List Price

$22200

Trims Available

Base - Limited - Base engine: IONIQ Electric Motor has an EPA-estimated range of 170 miles with Hyundai SmartSense technology advanced driving assistance system (ADAS) includes Forward Collision Avoidance Assist w/ Pedestrian Detection (FCA), Smart Cruise Control with Stop & Go (SCC), Lane Keeping Assist (LKA), Lane Follow Assist (LFA), Driver Attention Warning (DAW), High Beam Assist (HBA), Rear Occupant Alert (ROA) door logic, Blind Spot Detection (BSD), Blind Spot Collision Avoidance Assist (BCA), Rear Cross-Traffic Collision-Warning (RCCW), Electronic, Stability Control, Traction Control System, Anti-Lock Braking System, Electronic Brake-Force Distribution, Advanced Airbag System, Tire Pressure Monitoring System

2017 Hyundai Ioniq Electric

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$ 1770
Allstate$ 1770
Erie$ 769
Erie$ 769
GEICO$ 697
GEICO$ 697
Nationwide$ 925
Nationwide$ 925
Progressive$ 1713
Progressive$ 1713
State Farm$ 974
State Farm$ 974
Texas Farm Bureau$ 849
Texas Farm Bureau$ 849
USAA$ 1150
USAA$ 1150

Compare all 2017 Hyundai Ioniq Electric rates

Average Cost to Insure Per Year

$ 1160

List Price

$ 29500

Trims Available

Base - Limited