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Hyundai Ioniq Electric Insurance Cost

Buying auto insurance by comparing rates online is easy, plus you will probably save money. The key is getting rates from all providers in order to have all possible prices.

People who are new to buying insurance may think shopping for affordable Ioniq Electric insurance is going to be difficult. Finding cheaper coverage prices can be quick and easy. All you need to do is take the time comparing rates from different insurance companies. This can be accomplished by comparing rates here.

Rates are impacted by...

Insurance rates paid to insure a Hyundai Ioniq Electric can be significantly different based upon several criteria. Including but not limited to:

  • Your driving record
  • Better credit means lower rates
  • Men typically pay more than women
  • Deductible amount directly impacts your rate
  • Crash test rating for your Ioniq Electric
  • No claims lowers premiums
  • No coverage lapses saves money
  • Home ownership saves money

One last important factor that helps determine the rate you pay on your Hyundai is the year of manufacture. Newer models cost more so repair costs are higher which may end up costing you more. Conversely, more recent Hyundai vehicles may have options such as adaptive cruise control, lane departure warning system, and pedestrian detection that may help lower rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the list below.

Auto liability insurance

Liability insurance will cover damage or injury you incur to a person or their property in an accident. Liability coverage protects against claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so purchase as large an amount as possible.

Collision protection

Collision insurance will pay to fix damage to your Hyundai from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The highest amount your auto insurance company will pay is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like EMT expenses, pain medications, and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. PIP is only offered in select states and gives slightly broader coverage than med pay.

How Much are Hyundai Ioniq Electric Insurance Rates?