The Hyundai Ioniq on our quote form is the 1.6 GLS, with a 1,580cc engine. If you are costing one, most of the figures you can pin down are for running it: the COE, road tax and car insurance. This piece goes through each in turn.
All insurance figures below are examples for one stated driver, read on 20 October 2026. Use them to see how costs compare. They are not what you will pay.
The version priced here
The new-car list has no entry for this model on sale now. So there is no list price, power figure or body type to show here.
What the price page does give is the version it prices: the Ioniq 1.6 GLS (1,580cc). It is the version most of our insurers quote. Every insurance and road tax figure in this piece is for that car.
If you are looking at a used Ioniq, check the exact version on the log card. Insurers price by version, so a different one can give a different premium.
COE for the 1.6 GLS
The price page sets out the COE for the 1.6 GLS, with its 1,580cc engine. It needs a Category A COE if its power is 97kW (130bhp) or less, and a Category B COE if it is more.
In the October 2026 1st round, Category A closed at S$130,001 and Category B at S$130,100. Results change every round, and the COE page carries the latest.
Road tax
For the 1.6 GLS's 1,580cc engine, LTA's formula gives S$731.18 a year before any age surcharge. The surcharge begins after 10 years:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Road tax follows engine size, so a car with a different engine pays a different sum. The road tax page covers other engine sizes.
Insurance for the standard driver
The Hyundai Ioniq price page prices one set of details:
- Car: Ioniq 1.6 GLS, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 to 19 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no add-ons
For those details, 10 insurers give a price. The lowest is S$920.59. The insurer whose lowest plan is dearest asks at least S$1,582.32, S$661.73 more, or 72% on top. Prices include 9% GST.
Six insurers on the page have no online price for this model. That leaves fewer prices to compare than for many common cars.
Excess
The excess is your share of each claim. Most plans for the Ioniq set it at S$500 or S$600, and a few at S$800. One plan asks S$2,500, and it happens to carry the lowest premium. The dearest plan on the page has no excess. Read the two figures side by side before deciding which is the better price for you.
When one detail changes
The price page shows the lowest price as one thing changes, with the rest held steady:
- No NCD (0%): S$1,036.25, S$115.66 more
- 20% NCD: S$1,036.25, S$115.66 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,036.25, S$115.66 more
- Driver aged 65, 20 or more years' driving: S$1,013.36, S$92.77 more
- A new car, registered this year: S$871.01, S$49.58 less
- A car 8 years old: S$873.07, S$47.52 less
The pattern is unusual. Both a brand-new car and an 8-year-old one come in below the 3-year-old car at the lowest price. The older driver pays more than the standard driver here, which is not the case for every model. Losing NCD lifts the lowest price by 13%.
These are lowest prices only. Each plan reacts in its own way to the same change.
Next to similar cars
For the same driver and car age, the price page sets six cars beside the Ioniq:
- Mazda 3: S$927.36
- BMW X1: S$811.71
- Mercedes-Benz C-Class: S$749.93
- Toyota Corolla Altis: S$642.42
- Honda Freed: S$642.42
- Toyota Sienta: S$604.07
Their average lowest price is S$729.65. The Ioniq, at S$920.59, is 26% above that, and five of the six cost less to insure. Only the Mazda 3 is dearer. Other models from the maker are on the Hyundai car insurance page, and the cheapest cars to insure list compares makes.
Costs that vary by owner
A few costs depend so much on you that no fair figure exists:
- Parking: HDB or condo season parking, plus parking at work and when you go out.
- Running costs: what you spend to keep the car moving depends on how far you drive and on pump or charging rates.
- ERP: set by your routes and travel times.
- Servicing and repairs: the maker's schedule, plus tyres, brakes and a battery over the years. Ask what any warranty covers.
- Depreciation: shaped by the price you pay and what the car fetches when you sell.
Summary of yearly costs we can show
For the Ioniq 1.6 GLS, dated as shown:
- Road tax: S$731.18 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$920.59 a year (20 October 2026)
- Insurance, no NCD: from S$1,036.25
- Insurance, new car: from S$871.01
The one-off figure we can show is the COE: S$130,001 (Category A) or S$130,100 (Category B) in the October 2026 1st round. There is no list price, as the new-car list has no entry for this model on sale now.
Before you buy: car insurance for the Hyundai Ioniq
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Hyundai Ioniq to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.