Hyundai Ioniq Electric Insurance: by Model Year & Company

Hyundai Ioniq Electric insurance costs an average of $1,015 for a 6-month full coverage policy. USAA offers the cheapest rate for the latest Hyundai Ioniq Electric at $147/mo or $880 for a 6-month full coverage policy.

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Ioniq Electric Car Insurance

What to know about insuring a Hyundai Ioniq Electric:

  1. The Ioniq Electric costs less to insure than most hatchbacks. Averaging $169/mo for the Ioniq Electric versus $164/mo for typical hatchbacks.
  2. If you're considering a vehicle similar to the Ioniq Electric, like the Hyundai Ioniq Hybrid ($180/mo), Hyundai Ioniq 6 ($229/mo), or Hyundai Ioniq 5 ($209/mo), your insurance costs will be cheaper.
  3. USAA ($133/mo), American Family ($137/mo), Progressive ($142/mo) offer the cheapest full coverage rates.

The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.

Compare Hyundai Ioniq Electric insurance costs vs other vehicles

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2021 Hyundai Ioniq Electric Vehicle Image
2021 Hyundai Ioniq Electric
Av. Cost Per Year$2,196
Av. Per Month$183

Cheapest Companies

USAA$125/m
Progressive$135/m
Erie$139/m

How much does it cost to insure my Hyundai Ioniq Electric?

Select your model year:

2021 Hyundai Ioniq Electric

Cheapest Insurance Companies Average Annual Cost
USAA

$1,760

American Family

$1,775

Progressive

$1,870

Erie

$1,915

GEICO

$1,929

State Farm

$2,247

Nationwide

$2,292

Farmers

$2,513

Allstate

$3,236

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Average Cost to Insure Per Year
$2,196

2020 Hyundai Ioniq Electric

Cheapest Insurance Companies Average Annual Cost
USAA

$1,683

American Family

$1,688

Progressive

$1,800

Erie

$1,840

GEICO

$1,912

State Farm

$2,059

Farmers

$2,511

Nationwide

$2,601

Allstate

$2,904

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Average Cost to Insure Per Year
$2,140

2019 Hyundai Ioniq Electric

Cheapest Insurance Companies Average Annual Cost
USAA

$1,566

American Family

$1,621

Progressive

$1,627

GEICO

$1,819

Erie

$1,824

State Farm

$1,921

Nationwide

$2,302

Farmers

$2,393

Allstate

$2,925

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Average Cost to Insure Per Year
$2,019

2018 Hyundai Ioniq Electric

Cheapest Insurance Companies Average Annual Cost
American Family

$1,466

USAA

$1,479

Progressive

$1,618

Erie

$1,732

GEICO

$1,754

State Farm

$1,977

Nationwide

$2,243

Farmers

$2,297

Allstate

$2,920

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Average Cost to Insure Per Year
$1,976

2017 Hyundai Ioniq Electric

Cheapest Insurance Companies Average Annual Cost
USAA

$1,500

Progressive

$1,622

Erie

$1,673

GEICO

$1,681

American Family

$1,685

State Farm

$1,857

Farmers

$2,224

Nationwide

$2,306

Allstate

$2,769

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Average Cost to Insure Per Year
$1,936