Hyundai Ioniq 5 Insurance Rates

U.S. average insurance prices for a Hyundai Ioniq 5 are $1,524 every 12 months including full coverage. Comprehensive costs an estimated $356 each year, collision insurance costs $668, and liability coverage is $364. Buying just liability costs around $416 a year, and insurance for high-risk drivers costs around $3,310. Teens pay the highest rates at up to $5,510 a year.

Average premium for full coverage: $1,524

Price estimates broken down by individual coverage:

Estimates include $500 physical damage deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 U.S. states and Ioniq 5 models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than cities with more traffic congestion. The graphic below illustrates how where you live affects insurance prices.

The ranges above highlight why all drivers should compare rates quotes for a targeted area and their own driving history, rather than using averaged prices.

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

Rate Comparisons

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

• The cheapest rate after discounts is $857
• Raising to $1,000 deductibles will save approximately $232 every year
• The average price for the average middle-age driver who has $500 deductibles is $1,524
• Selecting low deductibles increases the price to $1,978
• Unlucky drivers with serious driving violations could pay up to $3,310
• The price to insure a teenage driver can cost as much as $5,510

View Chart as Image

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

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $690 a year, whereas increasing liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $327 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may only pay around $1,400 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay at least $5,500 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying $1,800 to $2,500 additional each year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 45% to 132% more than the average policy. View High Risk Driver Rates

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 $1,170 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

How to Shop for Low Cost Hyundai Ioniq 5 Insurance

Getting lower rates on auto insurance consists of being a safe and courteous driver, having above-average credit, being claim-free, and possibly raising deductibles. Take the time to comparison shop at every policy renewal by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below is a review of the data touched on in the above illustrations.

• Consumers who want higher levels of liability will pay approximately $400 per year to raise from a low limit to a 250/500 level
• You may be able to save approximately $190 per year just by quoting online in advance
• Increasing physical damage deductibles could save as much as $675 each year
• Teenage drivers are expensive to insure, possibly costing $459 a month if full coverage is included