Hyundai Ioniq 5 Insurance Rates

Average auto insurance rates for a Hyundai Ioniq 5 are $1,524 annually including full coverage. Comprehensive costs on average $356 a year, collision insurance costs $668, and liability coverage is estimated at $364. Liability-only coverage costs approximately $416 a year, and high-risk coverage costs around $3,310. 16-year-old drivers receive the highest rates at up to $5,510 a year.

Average premium for full coverage: $1,524

Rate estimates by individual coverage type:

Rates are based on $500 policy deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and Ioniq 5 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural areas tend to have fewer comprehensive and collision claims than congested cities. The diagram below illustrates how location impacts car insurance rates.

These examples highlight why it is important to get quotes based on a specific location and their own personal driving habits, rather than using rate averages.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below breaks down average Hyundai Ioniq 5 insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $857
• Choosing higher $1,000 deductibles can save around $1,292 every year
• The estimated rate for a 40-year-old driver with $500 deductibles is $1,524
• Buying low $100 deductibles for comp and collision coverage will cost $1,978
• Drivers with multiple tickets or accidents could pay upwards of $3,310
• The cost with full coverage for a teenage driver may cost $5,510 each year

View Chart as Image

Car insurance rates for a Hyundai Ioniq 5 can also vary considerably based on the trim level of your Ioniq 5, your driving characteristics, and policy deductibles and limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,400 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will be charged upwards of $5,500 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying at a minimum $1,800 to $2,500 extra per year, depending on your age. A high-risk auto insurance policy ranges around 45% to 132% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $690 a year, while buying higher liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $327 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for Hyundai Ioniq 5 insurance rates. A good driver about age 40 could pay as low as $1,170 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,170 on average in Michigan, New York, and Louisiana.

View Chart as Image

How to Buy the Best Cheap Hyundai Ioniq 5 Insurance

Saving money on auto insurance takes being a good driver, having a good credit score, not filing small claims, and possibly raising deductibles. Spend time shopping around every couple of years by requesting rates from direct car insurance companies like Progressive and GEICO, and also from several local insurance agents.

The following list is a quick review of the material that was touched on above.

• Consumers who require an increased level of liability coverage will pay around $400 per year to raise limits from a minimum limit to higher 250/500 limits
• Drivers age 16 to 20 are expensive to insure, as much as $459 per month if comprehensive and collision insurance is included
• Drivers with a DUI or reckless driving violation pay on average $1,790 more each year than a safer driver
• Increasing deductibles could save up to $675 each year