Hyundai Ioniq Hybrid running costs
|Insurance group||Warranty||Service intervals||2020/21 company-car tax cost (20%/40%)|
|10-12||5yrs / unlimited miles||1yr / 10,000 miles||From £1,097 / £2,175|
The Ioniq Hybrid is usefully cheaper to buy than the Toyota Prius, which is one of the key reasons buyers are likely to consider it. This also helps make up for the fact that the Hyundai falls short of the Toyota’s fuel-economy and CO2 emissions figures.
However, while the official economy is a mite off the Prius’ benchmark, because the Hyundai has a cheaper on-the-road price, it’s still cheaper for company-car tax. BiK tax averages out at around £2,200 a year for the next three years for a 40% taxpayer running an entry-level Ioniq Hybrid.
Hyundai Ioniq Hybrid insurance group
Insurance groups range from 10-12, which is on par with the Prius. For context, a Hyundai i10 city car falls into the same insurance groups, so this is about as cheap as insurance gets.
Hyundai offers a five-year/unlimited-mileage warranty, which is one of the best on the market given that most normal diesel or petrol cars have three years of cover. Toyota offers a five-year/100,000-mile warranty, while Kia betters them both with seven years/100,000 miles.
The Ioniq Hybrid will tell you when it needs servicing by pinging up a message on the dashboard, so the intervals between scheduled maintenance will vary depending on how you use the car.
Whatever mileage you do, Hyundai’s fixed-price servicing plans are affordable, and you can even extend the plan to five or eight years. Go with one of Hyundai’s official servicing plans and you also get free roadside assistance.
The Hyundai Ioniq doesn’t get free access to the London Congestion Charge zone (neither does the Prius any more), while normal road tax will cost £140 a year – a £10 saving compared to a non-hybrid car.