Hyundai Ioniq 5 Insurance Rates

U.S. average insurance rates for a Hyundai Ioniq 5 are $1,570 a year including full coverage. Comprehensive costs approximately $382 a year, collision insurance costs $714, and liability coverage is $338. Liability-only coverage costs around $394 a year, and high-risk coverage costs around $3,404. 16-year-old drivers pay the highest rates at up to $5,606 a year.

Average premium for full coverage: $1,570

Price estimates by individual coverage:

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

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on car insurance prices. Rural locations have lower incidents of comprehensive and collision claims than congested cities. The diagram below illustrates the effect of geographic area on auto insurance prices.

The ranges above highlight why it is important to compare rates quotes using their specific location, rather than using rate averages.

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 additional coverage and risk scenarios.

• The best full coverage rate is $878
• Raising to $1,000 deductibles will save $1,322 every year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,570
• Buying low $100 deductibles bumps up the cost to $2,056
• Unlucky drivers with multiple tickets or accidents could pay around $3,404
• The price that insures a teenage driver can cost $5,606

View Chart as Image

Auto insurance prices for a Hyundai Ioniq 5 are also quite variable based on the trim level of your Ioniq 5, your driving record and age, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are likely paying anywhere from $1,900 to $2,500 in extra premium each year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 45% to 135% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,500 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay in the ballpark of $5,600 a year. View Rates by Age

The state you live in also has a big influence on Hyundai Ioniq 5 insurance rates. A middle-age driver might find prices as low as $1,200 a year in states like Vermont, New Hampshire, and Missouri, or at least $2,240 on average in Louisiana, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $740 a year, while buying higher liability limits will push prices upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $304 extra every year. View Rates by Deductible or Liability Limit

How to Find the Best Cheap Hyundai Ioniq 5 Insurance

Getting lower rates on auto insurance consists of being a safe and courteous driver, maintaining a good credit score, being claim-free, and possibly higher deductibles. Comparison shop every year by obtaining price quotes from direct car insurance companies, and also from local auto insurance providers.

Below is a quick review of the coverage data covered in the above illustrations.

• You may be able to save around $200 per year just by quoting early and online
• Increasing physical damage deductibles can save approximately $725 each year
• Teenage drivers have the highest car insurance prices, possibly costing $467 a month if the policy includes full coverage
• Drivers with a DUI or reckless driving violation will likely pay on average $1,830 more per year for auto insurance