Prachi Singh
Written by Prachi Singh
Contributing Researcher
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Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.

Leslie Kasperowicz
Reviewed by Leslie Kasperowicz
Executive Editor
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Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions.

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If you own a Hyundai IONIQ or are planning to buy one, you'll want to know what insurance is likely to cost. Insurance costs can vary widely depending on your vehicle's model year, trim, driving history, and where you live.

There's a car insurance rates by model tool below that lets you enter your state, model year, and other details to get personalized estimates. It helps you compare rates from numerous carriers side by side, so you can find insurance policy that balances coverage and cost, helping you save money.

Keep reading to learn more about the average insurance rates for Hyundai IONIQ by model year and by company.

Average insurance cost of Hyundai IONIQ by model year

Year of Hyundai IONIQ modelAverage cost to insure
2022$2,500
2021$2,462
2020$2,401
2019$2,313
2018$2,245
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Compare IONIQ insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
State Farm2WD 4 Door Hatchback DOHC Hybrid$2,510
GEICO2WD 4 Door Hatchback DOHC Hybrid$2,670
Nationwide2WD 4 Door Hatchback DOHC Hybrid$3,167
Progressive2WD 4 Door Hatchback DOHC Hybrid$3,382
Allstate2WD 4 Door Hatchback DOHC Hybrid$4,733

Hyundai IONIQ insurance rates per year

2022

2022 Hyundai IONIQ insurance rates

Average cost to insure $2,500
Annual cheapest rate $1,919
Available trims Hybrid Blue, Hybrid Limited, Hybrid SE, Hybrid SEL, Plug-In Hybrid Limited, Plug-In Hybrid SE, Plug-In Hybrid SEL
RankCompanyAverage annual premium
1GEICO$1,919
2State Farm$1,941
3Progressive$2,459
4Nationwide$2,578
5Farmers$2,888
6Allstate$3,213
2021

2021 Hyundai IONIQ insurance rates

Average cost to insure $2,462
Annual cheapest rate $1,843
Available trims Hybrid Blue, Hybrid Limited, Hybrid SE, Hybrid SEL, Limited, Plug-In Hybrid Limited, Plug-In Hybrid SE, Plug-In Hybrid SEL, SE
RankCompanyAverage annual premium
1GEICO$1,843
2State Farm$2,005
3Progressive$2,513
4Nationwide$2,569
5Farmers$2,756
6Allstate$3,088
2020

2020 Hyundai IONIQ insurance rates

Average cost to insure $2,401
Annual cheapest rate $1,755
Available trims Hybrid Blue, Hybrid Limited, Hybrid SE, Hybrid SEL, Limited, Plug-In Hybrid Limited, Plug-In Hybrid SE, Plug-In Hybrid SEL, SE
RankCompanyAverage annual premium
1GEICO$1,755
2State Farm$1,857
3Progressive$2,399
4Nationwide$2,464
5Allstate$2,930
6Farmers$3,001
2019

2019 Hyundai IONIQ insurance rates

Average cost to insure $2,313
Annual cheapest rate $1,732
Available trims Hybrid Blue, Hybrid Limited, Hybrid SEL, Limited, Plug-In Hybrid, Plug-In Hybrid Limited
RankCompanyAverage annual premium
1GEICO$1,732
2State Farm$1,824
3Progressive$2,171
4Nationwide$2,445
5Allstate$2,760
6Farmers$2,944
2018

2018 Hyundai IONIQ insurance rates

Average cost to insure $2,245
Annual cheapest rate $1,673
Available trims Hybrid Blue, Hybrid Limited, Hybrid SEL, Limited, Plug-In Hybrid, Plug-In Hybrid Limited
RankCompanyAverage annual premium
1GEICO$1,673
2State Farm$1,813
3Progressive$2,109
4Nationwide$2,396
5Allstate$2,654
6Farmers$2,827
2017

2017 Hyundai IONIQ insurance rates

Average cost to insure $2,176
Annual cheapest rate $1,581
Available trims Hybrid Blue, Hybrid Limited, Hybrid SEL, Limited
RankCompanyAverage annual premium
1GEICO$1,581
2State Farm$1,736
3Progressive$2,076
4Nationwide$2,383
5Allstate$2,571
6Farmers$2,708

Methodology

Data was fielded by Quadrant Information Services across all 50 states and Washington, D.C. for 1,161 vehicle models. More than 67 million data points from 57 insurance companies were analyzed.

Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:

  • Bodily injury liability of $100,000 per person and $300,000 per incident
  • Property damage liability of $100,000 per incident
  • Comprehensive and collision deductibles of $500
  • 40-year-old driver
  • Honda Accord LX
  • Good credit
  • A clean driving record
  • 12-mile commute, 10,000 annual mileage
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