Hyundai Ioniq 5 Insurance Rates

U.S. average insurance rates for a Hyundai Ioniq 5 are $1,524 a year with full coverage. Comprehensive costs around $356 each year, collision insurance costs $668, and liability insurance costs $364. Liability-only insurance costs as little as $416 a year, and high-risk driver insurance costs around $3,310. Teenage drivers pay the highest rates at up to $5,510 a year.

Average premium for full coverage: $1,524

Price estimates for individual coverage:

These estimates include $500 policy deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and Ioniq 5 models.

Price Range from Low to High

Geographic Price Range

Your location has a significant impact on insurance rates. Areas with sparse population have lower incidents of collision claims than densely populated cities. The graphic below illustrates the difference between rural and urban areas on auto insurance rates.

The ranges above demonstrate why all drivers should compare rates for a specific zip code, rather than relying on average rates.

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

Additional Rate Details

The chart below details average Hyundai Ioniq 5 insurance rates for additional coverage choices and driver risks.

• The best discount rate is $857
• Drivers who choose higher $1,000 deductibles will pay about $232 annually
• The estimated price for the average middle-age driver using $500 deductibles is $1,524
• Using low deductibles for comprehensive and collision insurance bumps up the cost to $1,978
• High risk drivers who are prone to accidents and violations could pay at least $3,310
• The price that insures a teen driver can be $5,510 a year

View Chart as Image

Car insurance prices for a Hyundai Ioniq 5 are also quite variable based on the trim level and model year, your age and driving habits, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you may be forking out at least $1,800 to $2,500 extra each year, depending on your age. Insurance for high-risk drivers can cost anywhere from 45% to 132% more than a normal policy. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,400 per year on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will be charged as much as $5,500 a year. View Rates by Age

The state you live in makes a big difference in Hyundai Ioniq 5 insurance rates. A 40-year-old driver could pay as low as $1,100 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,060 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $690 each year, whereas increasing liability limits will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $327 extra every 12 months. View Rates by Deductible or Liability Limit

How to Find Cheap Hyundai Ioniq 5 Insurance

Getting lower rates on Hyundai Ioniq 5 insurance not only requires being a good driver, but also having a positive credit history, avoid buying unnecessary coverage, and consideration of higher deductibles. Compare prices at least every other year by obtaining price quotes from direct companies, and also from your local independent and exclusive agents.

The following list is a brief summary of the car insurance concepts covered above.

• High-risk drivers that tend to have accidents or serious violations may pay on average $1,790 more every year than a safer driver
• You may be able to save up to $190 per year just by quoting online in advance
• Increasing physical damage deductibles can save approximately $675 each year
• Drivers who may need an increased level of liability coverage will pay an extra $400 every year to go from a low limit to the 250/500 level