Hyundai Ioniq 5 Insurance Rates

Average insurance rates for a Hyundai Ioniq 5 are $1,524 a year including full coverage. Comprehensive insurance costs an estimated $356, collision insurance costs $668, and liability costs around $364. A liability-only policy costs as low as $416 a year, and high-risk insurance costs $3,310 or more. Teens receive the highest rates at up to $5,510 a year.

Average premium for full coverage: $1,524

Rate estimates broken down by individual coverage type:

Estimates include $500 deductibles, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for different Ioniq 5 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The price range example below illustrates the difference between rural and urban areas on insurance prices.

These examples highlight why anyone shopping for car insurance should compare prices for a targeted area and risk profile, instead of making a decision based on averaged prices.

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

Additional Charts and Tables

The chart below breaks down average Hyundai Ioniq 5 insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $857
• Using higher $1,000 deductibles will save approximately $232 every year
• The average rate for a 40-year-old driver who has $500 deductibles is $1,524
• Selecting more expensive low deductibles for physical damage coverage will cost an extra $454 annually
• High-risk insureds with serious driving violations could pay up to $3,310
• The cost for full coverage for a 16-year-old driver with full coverage can cost as much as $5,510 or more

View Chart as Image

Insurance rates for a Hyundai Ioniq 5 can also vary considerably based on your driver profile, the model of your Ioniq 5, and liability limits and deductibles.

An older driver with a clean driving record and high deductibles may pay as low as $1,400 a year for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay at least $5,500 a year. View Rates by Age

Where you live has a huge impact on Hyundai Ioniq 5 insurance prices. A driver around age 40 might see rates as low as $1,170 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,170 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $690 annually, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $327 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying $1,800 to $2,500 extra per year, depending on your age. High-risk driver insurance can be from 45% to 132% more than the average policy. View High Risk Driver Rates

How to Find Low Cost Hyundai Ioniq 5 Insurance

Saving money on insurance for a Hyundai Ioniq 5 requires not taking risks behind the wheel, maintaining good credit, not filing small claims, and deciding if full coverage is necessary. Set aside time to compare rates at every policy renewal by getting quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

The following is a review of the data covered above.

• Insureds who want higher liability limits will pay approximately $400 per year to increase from a minimum limit to 250/500 limits
• You may be able to save approximately $190 per year just by shopping early and online
• Increasing deductibles can save around $675 each year
• Teens are charged the highest rates, as much as $459 per month for full coverage