Vehicles > Hyundai > Ioniq

Hyundai Ioniq Insurance Cost

You have many choices when shopping for car insurance for your Hyundai vehicle. You can buy direct from your neighborhood insurance agent or go online to compare rates from insurance providers. Finding cheaper car insurance by comparing rates online can be fast and easy, in addition you will probably save money.

If you are a novice to online car insurance shopping, you may be confused by the hoards of online car insurance companies and websites competing for your business. To find the best car insurance prices, there are several ways to compare rate quotes from car insurance companies in your area. By far the easiest way to compare Ioniq insurance rates is to perform an online rate comparison. This is very easy and can be done by comparing rates here.

Criteria which help determine your insurance rates

Insurance rates for your Hyundai Ioniq can be significantly different depending on several factors. A few of these criteria are:

  • Higher performance Ioniq vehicles cost more
  • How many accidents you have had
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Optional coverages like vehicle replacement
  • Your profession
  • The amount of protection requested
  • Owning a home can lower rates

One last important factor which can affect the rate you pay on your Hyundai is the year of manufacture. Models that are a few years old have a much lower replacement value so the payout to repair may result in lower rates. But new Hyundai models may have options including a backup camera, automatic crash notification, pedestrian detection, and blind-spot warning system that may help lower rates.

To get more specific information about how much rates will be for your vehicle, select the year of your Ioniq from the following list.

Auto liability insurance

This coverage provides protection from injuries or damage you cause to other's property or people that is your fault. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so purchase as large an amount as possible.

Collision insurance

This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle's occupants when the "other guys" either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for bills for things like ambulance fees, surgery, and doctor visits. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay.

How Much are Hyundai Ioniq Insurance Rates?