Cheap Hyundai Ioniq Electric Car Insurance in 2025 (Cash Savings With These 10 Providers!)
The leading providers of affordable insurance for cheap Hyundai Ioniq Electric car insurance are Progressive, Erie, and AAA, starting at $45 per month. These top providers stand out for their affordability and comprehensive coverage options, making them ideal choices for insuring your Hyundai Ioniq Electric.
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Justin Wright
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Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
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UPDATED: Jan 14, 2025
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jan 14, 2025
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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13,128 reviewsCompany Facts
Min. Coverage for Hyundai Ioniq Electric
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
1,814 reviewsCompany Facts
Min. Coverage for Hyundai Ioniq Electric
A.M. Best Rating
Complaint Level
Pros & Cons
1,814 reviewsCompare the best insurance rates for cheap Hyundai Ioniq Electric car insurance with our top pick overall: Progressive. In finding affordable coverage for your Hyundai Ioniq Electric involves weighing factors like safety ratings, discounts, and claims process efficiency.
Progressive stands out for its competitive rates starting at $45/month, followed closely by Erie and AAA, each offering personalized policies and robust roadside assistance coverage. Whether you prioritize cost savings or extensive coverage, comparing quotes from these top insurers ensures you make a confident and informed insurance decision tailored to your needs.
Our Top 10 Company Picks: Cheap Hyundai Ioniq Electric Car Insurance
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $45 | A+ | Tight Budgets | Progressive |
 | #2 | $48 | A+ | Personalized Policies | Erie |
 | #3 | $51 | A | Roadside Assistance | AAA |
 | #4 | $54 | B | High-Risk Drivers | State Farm |
 | #5 | $57 | A | First-Responder Discount | Farmers |
 | #6 | $60 | A+ | SmartRide Program | Nationwide |
 | #7 | $63 | A++ | Unique Coverage | Travelers |
 | #8 | $66 | A | Quick Claims | Liberty Mutual |
 | #9 | $69 | A | Loyalty Rewards | American Family |
 | #10 | $72 | A+ | Multi-Policies | Allstate |
Protect your vehicle from whatever the road throws at it by entering your ZIP code into our free comparison tool above to see affordable car insurance quotes.
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Secured with SHA-256 Encryption#1 – Progressive: Top Overall Pick
Pros
- Affordable Rates: Progressive offers the lowest monthly rates at $45, making it an excellent choice for those on tight budgets.
- Usage-Based Discounts: Progressive’s Snapshot program rewards safe drivers with potential discounts.
- Comprehensive Online Tools: Their robust online platform and mobile app make managing policies and filing claims easy and convenient.
- Variety of Coverage Options: Progressive provides a wide range of coverage options to suit different needs and preferences.
Cons
- Mixed Customer Service Reviews: Some customers report dissatisfaction with Progressive’s customer service.
- Rate Increases: There have been complaints about significant rate increases upon policy renewal. Delve into the depths of our Progressive insurance review & ratings for additional insights.
- Limited Local Agents: Fewer local agents compared to other major insurers, which may be a drawback for those preferring in-person service.
#2 – Erie: Best for Personalized Policies
Pros
- Personalized Policies: Erie is known for offering highly customizable insurance policies tailored to individual needs.
- Competitive Rates: At $48 per month, Erie provides affordable rates with substantial coverage options.
- Accident Forgiveness: Erie’s accident forgiveness feature helps prevent rate increases after a first accident.
- Comprehensive Coverage: Erie offers a variety of add-ons and endorsements for more extensive coverage. Uncover more about our Erie insurance review & ratings by reading further.
Cons
- Limited Availability: Erie operates in only 12 states and the District of Columbia, limiting its accessibility.
- No Online Quotes: Potential customers cannot get quotes online, which might be inconvenient.
- Higher Rates for High-Risk Drivers: Erie tends to charge higher premiums for drivers with poor driving records.
#3 – AAA: Best for Roadside Assistance
Pros
- Roadside Assistance: AAA is renowned for its comprehensive roadside assistance program, included with all policies.
- Member Discounts: AAA offers numerous discounts for members, including travel and retail savings.
- Multiple Coverage Options: AAA provides a wide range of coverage options, including specialty insurance.
- Travel Benefits: Members enjoy additional travel-related benefits, making AAA ideal for frequent travelers.
Cons
- Membership Requirement: Insurance is only available to AAA members, requiring an annual membership fee.
- Higher Rates: At $51 per month, AAA’s rates are higher than some competitors. Discover a wealth of knowledge in our “AAA Insurance Review & Ratings.”
- Mixed Claims Experience: Some customers report slower claims processing times.
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#4 – State Farm: Best for High-Risk Drivers
Pros
- High-Risk Driver Coverage: State Farm is known for accommodating high-risk drivers with affordable rates.
- Extensive Agent Network: A large network of local agents provides personalized service and support.
- Good Student Discounts: State Farm offers significant discounts for students maintaining good grades.
- Comprehensive Mobile App: The mobile app offers a range of functionalities, including claims filing and policy management.
Cons
- Higher Monthly Rates: At $54 per month, State Farm’s rates are higher than several competitors.
- Customer Service Variability: Customer service experiences can vary significantly depending on the agent.
- Limited Discount Options: Fewer discount opportunities compared to other major insurers. Expand your understanding with our “State Farm Insurance Review & Ratings.“
#5 – Farmers: Best for First-Responder Discount
Pros
- First-Responder Discount: Farmers offers special discounts for first responders, providing added savings.
- Wide Range of Products: Farmers provides a comprehensive range of insurance products beyond auto insurance.
- Claims-Free Discount: Policyholders can earn discounts for remaining claims-free. Gain deeper insights by exploring our “Farmers Car Insurance Review & Ratings.“
- Personalized Service: Farmers’ agents are known for providing detailed, personalized service.
Cons
- Higher Premiums: With rates starting at $57 per month, Farmers is on the pricier side.
- Limited Availability: Not available in all states, which can limit accessibility.
- Complex Pricing Structure: The pricing structure can be complicated and less transparent.
#6 – Nationwide: Best for SmartRide Program
Pros
- SmartRide Program: Nationwide’s SmartRide program offers discounts based on safe driving behavior.
- Comprehensive Coverage Options: Offers a variety of coverage options and add-ons to suit diverse needs.
- Vanishing Deductible: Nationwide’s vanishing deductible program rewards safe driving by reducing your deductible over time.
- Accident Forgiveness: Available to prevent premium increases after the first at-fault accident.
Cons
- Higher Rates: At $60 per month, Nationwide’s rates are relatively high. Learn more about our “Nationwide insurance review & ratings” for a broader perspective.
- Inconsistent Customer Service: Customer service reviews are mixed, with some customers reporting dissatisfaction.
- Limited Local Agents: Fewer local agents available compared to some competitors.
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#7 – Travelers: Best for Unique Coverage
Pros
- Unique Coverage Options: Travelers offers unique coverage options, such as gap insurance and new car replacement..
- Bundling Discounts: Significant discounts available for bundling multiple policies. Elevate your knowledge with our “Travelers car insurance review & ratings.“
- Excellent Claims Handling: Travelers is known for efficient and fair claims processing.
- Comprehensive Coverage: Offers a wide range of coverage options and endorsements.
Cons
- Higher Monthly Rates: At $63 per month, Travelers is one of the more expensive options.
- Limited Discounts for Electric Vehicles: Fewer discounts specifically for electric vehicles.
- Online Tools: Online tools and mobile app functionality are not as advanced as some competitors.
#8 – Liberty Mutual: Best for Quick Claims
Pros
- Quick Claims Processing: Liberty Mutual is praised for its speedy and efficient claims handling process.
- Various Discount Options: Numerous discounts are available, including for bundling, safe driving, and more.
- Accident Forgiveness: Liberty Mutual offers accident forgiveness to help prevent rate increases after a first accident.
- Customizable Policies: Wide range of customizable policy options to fit individual needs.
Cons
- Higher Rates: Monthly rates at $66 make Liberty Mutual one of the pricier options. Get the full story by checking out our “Liberty Mutual Car Insurance Review & Ratings.“
- Customer Service Issues: Some customers have reported unsatisfactory experiences with customer service.
- Limited Local Presence: Fewer local agents compared to other large insurers, which might affect in-person service quality.
#9 – American Family: Best for Loyalty Rewards
Pros
- Loyalty Rewards: Offers discounts and benefits for long-term customers through loyalty programs.
- Good Customer Service: American Family is known for its high customer service standards and satisfaction.
- Variety of Discounts: Various discounts available, including for safe driving, good students, and more.
- Comprehensive Coverage: Offers a wide range of insurance products and add-ons. Find out more by reading our “American Family Insurance Review & Ratings.“
Cons
- Higher Rates: Monthly rates start at $69, making American Family more expensive than several competitors.
- Limited Availability: Not available in all states, restricting access for some potential customers.
- Slow Claims Processing: Some customers report slower claims processing times compared to competitors.
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#10 – Allstate: Best for Multi-Policies
Pros
- Multi-Policy Discounts: Allstate offers substantial discounts for bundling multiple insurance policies.
- Comprehensive Mobile App: Allstate’s mobile app provides extensive functionalities for policy management and claims.
- Accident Forgiveness: Available to help prevent rate increases after the first accident.
- Safe Driving Bonuses: Allstate rewards safe drivers with additional bonuses and discounts.
Cons
- Highest Rates: At $72 per month, Allstate has the highest rates among the top ten companies. Unlock additional information in our “Allstate Insurance Review & Ratings.“
- Mixed Customer Service Reviews: Customer service experiences can vary, with some negative reports.
- Limited Discount Options for Electric Vehicles: Fewer specific discounts for electric vehicles like the Hyundai Ioniq Electric.
Factors that Influence the cost of Hyundai Ioniq Electric car Insurance
Several factors determine the insurance cost for a Hyundai Ioniq Electric. Personal factors such as age, gender, driving history, location, and mileage are considered. Younger drivers and those with a history of car accidents generally pay higher premiums.
Additionally, living in areas with higher crime rates or more traffic congestion can increase insurance costs due to the higher risk of car accidents or theft.
Hyundai Ioniq Electric Car Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| AAA | $51 | $130 |
| Allstate | $72 | $165 |
| American Family | $69 | $160 |
| Erie | $48 | $125 |
| Farmers | $57 | $140 |
| Liberty Mutual | $66 | $155 |
| Nationwide | $60 | $145 |
| Progressive | $45 | $120 |
| State Farm | $54 | $135 |
| Travelers | $63 | $150 |
Vehicle-specific factors also affect insurance rates. The cost to repair or replace electric vehicles is typically higher, leading to increased premiums. Insurance companies also consider the car’s safety ratings and features; vehicles with higher crash test ratings and advanced safety features may qualify for lower insurance rates.
Additionally, discounts and incentives for hybrid or electric vehicles, memberships in certain organizations, or having a good academic record can further reduce insurance costs. You can also enter your ZIP code below into our free comparison tool to start comparing rates now.
Factors that make Hyundai Ioniq Electric Car Insurance more Expensive
When looking for affordable car insurance for your Hyundai Ioniq Electric, it’s essential to consider several key factors that can impact your premiums. Your driving history plays a significant role; a clean record typically leads to lower rates, whereas accidents or traffic violations can increase costs.
Location matters too, as areas with higher crime rates or heavy traffic tend to have higher insurance premiums. Choosing a higher deductible can lower your monthly payments, but it’s important to ensure you can cover that deductible if needed.
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Moreover, the type and extent of coverage you choose also affect costs. Opting for comprehensive coverage with a low limit might seem cheaper initially, but it could leave you vulnerable in case of major incidents. Lastly, any modifications to your vehicle, whether for performance or appearance, should be disclosed to your insurer to accurately reflect your coverage needs.
By considering these factors and making informed decisions, you can strike the right balance between coverage and affordability for your Hyundai Ioniq Electric.
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Insurance Rates for Hyundai Ioniq Electric vs. Other Electric Cars
Insuring a Hyundai Ioniq Electric involves assessing unique factors compared to traditional vehicles, such as repair costs, parts availability, and overall value.
These elements significantly impact insurance premiums for the electric cars, alongside considerations like safety ratings and specialized insurance policies designed for electric vehicles.
By comparing insurance rates across different electric cars, including the Hyundai Ioniq Electric, you gain insights into its affordability and can select appropriate coverage options.
This research ensures that your vehicle is adequately protected on the road while meeting your budgetary needs effectively. Need the cheapest car insurance possible? Enter your ZIP code below into our free comparison tool to find the most affordable rates for your vehicle.
Tips for Finding Affordable Car Insurance for Hyundai Ioniq Electric
When looking for car insurance for your Hyundai Ioniq Electric, navigating through various options can help you find coverage that fits your needs and budget.
Here are steps to consider:
- Shop Around: Compare quotes from multiple insurance providers to find competitive rates.
- Ask About Discounts: Inquire about available discounts such as safe driver incentives, bundling policies, low mileage rewards, and persistency car insurance discounts.
- Consider Higher Deductibles: Opt for a higher deductible to potentially lower your premium, balancing savings with potential out-of-pocket costs.
By following these steps, you can effectively find more affordable car insurance tailored to your Hyundai Ioniq Electric, ensuring both adequate coverage and financial peace of mind.
Steps Before Buying Insurance for your Hyundai Ioniq Electric
When purchasing car insurance for your Hyundai Ioniq Electric, it’s essential to follow a structured approach to secure the right coverage at the best rates. Here’s a step-by-step guide to help you through the process, including finding the best insurance companies:
- Check Minimum Coverage Requirements: Begin by understanding the mandatory car insurance coverage required in your state or jurisdiction.
- Assess Your Needs and Budget: Evaluate your driving habits, parking situations, and consider additional coverage options such as comprehensive or roadside assistance based on your needs and budget.
- Get Multiple Quotes: Obtain quotes from several insurance providers to compare rates and available discounts. Consider checking rankings of the best insurance companies to help inform your decision.
- Review Policy Details: Thoroughly review the policy terms, including coverage specifics, exclusions, and any additional conditions that may apply.
- Choose Your Insurance Provider: Select the insurance company that offers the best balance of coverage, customer service, and affordability for your Hyundai Ioniq Electric.
- Initiate Coverage: Contact your chosen provider to finalize the insurance policy and ensure your vehicle is adequately protected.
Following these steps will guide you in purchasing car insurance for your Hyundai Ioniq Electric effectively. By comparing quotes, reviewing policies, and selecting a reputable insurance provider, you can confidently secure the coverage you need for peace of mind on the road.
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Summary: Affordable Hyundai Ioniq Electric car Insurance Options
The article outlines affordable car insurance options for the Hyundai Ioniq Electric, highlighting top providers like Progressive, Erie, and AAA offering rates starting at $45 per month. It emphasizes factors influencing insurance costs such as safety ratings, discounts for electric vehicles, and coverage options like comprehensive and collision coverage.
Readers are encouraged to compare quotes from multiple insurers to find the best coverage that meets their needs and budget, considering additional discounts for safe driving and policy bundling to potentially lower premiums.
Frequently Asked Questions
What factors affect the cost of Hyundai Ioniq Electric car insurance?
The cost of Hyundai Ioniq Electric car insurance can be influenced by various factors such as the driver’s age, location, driving history, coverage options chosen, deductible amount, and the insurance provider’s rates. Expand your understanding with our article called “How much does Hyundai IONIQ 5 car insurance cost?”
Is insurance more expensive for a Hyundai Ioniq Electric compared to other cars?
The cost of insurance for a Hyundai Ioniq Electric car is generally lower compared to many other cars. Electric vehicles often have lower insurance rates due to their advanced safety features, lower risk of theft, and lower repair costs. Ready to find cheaper car insurance coverage? Enter your ZIP code below to begin.
Does the Hyundai Ioniq Electric’s safety features impact insurance costs?
Yes, the Hyundai Ioniq Electric comes equipped with several safety features that can potentially help reduce insurance costs. These features may include advanced driver-assistance systems, collision avoidance systems, lane departure warning, adaptive cruise control, and more.
Are there insurance discounts for insuring a Hyundai Ioniq Electric?
Some insurance companies may offer discounts specifically for insuring a Hyundai Ioniq Electric car. These discounts can vary among providers, but it’s worth checking if any discounts are available for electric vehicles or for vehicles with advanced safety features. Deepen your understanding with our article called “The Electric Car: History, Quotes and Online Resources.”
Is it possible to get a quote for Hyundai Ioniq Electric car insurance online?
Yes, many insurance providers offer online quoting services that allow you to get a quote for Hyundai Ioniq Electric car insurance. By providing some basic information, you can receive an estimate of the insurance cost tailored
What is the cheapest Hyundai to insure?
The Hyundai Ioniq Electric is one of the most affordable Hyundai models to insure due to its advanced safety features and lower risk of theft.
Why is Hyundai discontinuing the IONIQ?
Hyundai is discontinuing the Ioniq to focus on its next-generation electric vehicles and new models that align with its future mobility goals. Find out more by reading our article titled “Electric Insurance Review & Ratings.”
How much is the Hyundai Ioniq EV?
The Hyundai Ioniq EV typically starts around $33,000, but prices can vary based on trim level and additional features.
Is the Hyundai Ioniq Electric fully electric?
Yes, the Hyundai Ioniq Electric is a fully electric vehicle with no internal combustion engine.
How much does it cost to fully charge a Hyundai Ioniq?
The cost to fully charge a Hyundai Ioniq Electric depends on local electricity rates, but it generally costs around $5 to $10. For additional insights, refer to our “The Electric Car: History, Quotes and Online Resources.”
Is Hyundai Ioniq EV a SUV?
No, the Hyundai Ioniq EV is a compact hatchback, not an SUV.
Is the Hyundai Ioniq worth buying?
Yes, the Hyundai Ioniq is worth buying for its efficiency, affordability, and advanced technology features.
How reliable is the Hyundai Ioniq?
The Hyundai Ioniq is known for its reliability, backed by positive reviews and a strong warranty from Hyundai. Delve into the specifics in our article called “Will my car insurance company pay for mold problems in my vehicle?”
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Is the Hyundai IONIQ a good car?
Yes, the Hyundai Ioniq is considered a good car due to its fuel efficiency, low emissions, and comprehensive safety features.
How much is a Hyundai IONIQ electric?
A Hyundai Ioniq Electric typically starts around $33,000, depending on the model and features.
What is the cheapest electric car in Hyundai?
The Hyundai Ioniq Electric is one of the most affordable electric cars in Hyundai’s lineup. Enhance your knowledge by reading our “Can I bundle my The General Insurance car insurance with other policies?”
Is the Hyundai Ioniq manual or automatic?
The Hyundai Ioniq Electric comes with an automatic transmission.
Which Hyundai IONIQ model is best?
The best Hyundai Ioniq model depends on individual preferences, but the Limited trim often offers the most features and technology.
Where is the Hyundai IONIQ made?
The Hyundai Ioniq is manufactured in South Korea. Broaden your knowledge with our article named “State Auto Car Insurance Review & Ratings.”
Is Hyundai IONIQ electric or hybrid?
The Hyundai Ioniq is available in both electric and hybrid versions.
What is the most affordable Hyundai car?
The Hyundai Accent is typically the most affordable Hyundai car in terms of purchase price.
Which Hyundai car is the cheapest?
The Hyundai Accent is the cheapest Hyundai car available. Uncover more by delving into our article entitled “Will having an expired drivers license affect your car insurance?”
What’s the cheapest Hyundai to buy?
The Hyundai Accent is the cheapest Hyundai to buy.
Why are Hyundai’s uninsurable?
Hyundai cars are generally not uninsurable. However, high-performance models or those with a high theft rate might face higher premiums. Explore further with our article entitled “State Auto Car Insurance Review & Ratings.”
Is Hyundai cheap quality?
No, Hyundai vehicles are known for their quality, reliability, and advanced technology features.
What is Hyundai’s best model?
Hyundai’s best model varies based on customer needs, but the Hyundai Palisade and Hyundai Sonata are often highly rated. Comparing quotes is the easiest way to find affordable car insurance. Simply enter your ZIP code below into our free comparison tool to see rates in your area.
What are the disadvantages of Hyundai cars?
Some disadvantages of Hyundai cars may include lower resale values compared to some competitors and the perception of lower status compared to luxury brands. Gain insights by reading our article titled “What should be done with old car insurance cards?“
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
