View 2017 Hyundai Ioniq Car Insurance Rates

Want cheaper auto insurance rates for your Hyundai Ioniq? If you are new to online auto insurance, there’s a good chance you are confused by the vast number of insurers all advertising big savings.

It’s a great practice to get comparison quotes occasionally because auto insurance rates tend to go up over time. Just because you had the lowest premium rates for Ioniq insurance last year other companies may now be cheaper. Ignore everything you know about auto insurance because you’re going to get a crash course in one of the best ways to reduce your cost while increasing coverage.

How to get affordable auto insurance

There are a lot of ways you can shop for auto insurance but some are less time-consuming than others. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you could save time and use the internet to achieve your goal.

Most major companies belong to an insurance system that allows shoppers to submit one quote, and every company can give them a price. This saves time by eliminating quote requests for each company you want a rate for.

To fill out one form to compare multiple rates now click to open in new window.

The only downside to doing it this way is you can’t choose the insurers to get pricing from. So if you prefer to pick individual companies to compare, we have a listing of companies who write auto insurance in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but make sure you are using apples-to-apples information on every price quote you get. If the quotes have mixed coverages then you won’t be able to make a fair comparison for your Hyundai Ioniq. Just a small difference in insurance coverages or limits may result in large price differences. And when comparing auto insurance rates, know that getting more free quotes provides better odds of finding the best rates. Some regional insurers cannot provide rate quotes online, so you also need to get price quotes from the smaller companies as well.

You may qualify for discounts

Insurance is not cheap nor is it fun to buy but you might find some hidden discounts that many people don’t even know exist. A few discounts will be applied at the time of purchase, but a few need to be specially asked for before they will apply. If they aren’t giving you every credit available, you could be saving more on your insurance.

  • Accident Free – Claim-free drivers pay less when compared to frequent claim filers.
  • Waiver for an Accident – This one is not really a discount per se, but a handful of insurance companies allow you one accident before hitting you with a surcharge if you are claim-free for a set time period.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Hyundai can qualify you for substantially lower prices.
  • Membership in Organizations – Joining a professional or civic organization could earn you a nice discount when getting a insurance quote.
  • Seat Belt Discounts – Using a seat belt and requiring all passengers to fasten their seat belts can save a little on the premium charged for medical payments and/or PIP.

You can save money using discounts, but some credits don’t apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, companies wouldn’t make money that way. Any qualifying discounts should help reduce your policy cost.

A few of the larger companies and a summarized list of policyholder discounts can be found below.

  • Farm Bureau has discounts for good student, multi-policy, youthful driver, 55 and retired, safe driver, and multi-vehicle.
  • MetLife offers discounts including claim-free, good student, good driver, accident-free, multi-policy, defensive driver
  • Progressive may include discounts for good student, homeowner, multi-vehicle, multi-policy, online signing, online quote discount, and continuous coverage.
  • AAA includes discounts for anti-theft, good student, education and occupation, AAA membership discount, and multi-car.
  • American Family may offer discounts for multi-vehicle, early bird, defensive driver, mySafetyValet, TimeAway discount, and good student.
  • Geico has savings for five-year accident-free, federal employee, emergency military deployment, driver training, defensive driver, and anti-theft.
  • State Farm policyholders can earn discounts including Drive Safe & Save, good student, anti-theft, passive restraint, and multiple autos.

Double check with all the companies which discounts you qualify for. Depending on the company, some discounts may not be offered everywhere. To choose insurance companies that offer some of these discounts, click this link.

There’s no such thing as the perfect insurance policy

When buying coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique.

These are some specific questions might help in determining whether your personal situation might need an agent’s assistance.

  • Do I need rental car coverage?
  • What can I do if my company denied a claim?
  • How many claims can I have before being cancelled?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered when driving in Canada or Mexico?
  • Should I have combined single limit or split liability limits?
  • Are all vehicle passengers covered by medical payments coverage?
  • Can I afford to buy a different vehicle if my 2017 Hyundai Ioniq is totaled?
  • Should I bundle my homeowners policy with my auto?
  • Who is covered when they drive my 2017 Hyundai Ioniq?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form.

Insurance coverage considerations

Having a good grasp of insurance helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Hyundai Ioniq.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical costs insurance

Med pay and PIP coverage provide coverage for immediate expenses such as X-ray expenses, dental work, EMT expenses, surgery and nursing services. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from flooding, rock chips in glass and theft. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability coverages

This coverage protects you from injuries or damage you cause to other people or property in an accident. It protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things like repair bills for other people’s vehicles, bail bonds and attorney fees. How much coverage you buy is a personal decision, but buy as large an amount as possible.

Collision protection

Collision coverage covers damage to your Ioniq caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a parking meter, crashing into a building and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.