Hyundai Ioniq 5 Insurance Rates

The average insurance rates for a Hyundai Ioniq 5 are $1,524 a year including full coverage. Comprehensive costs approximately $356 a year, collision insurance costs $668, and liability is $364. Liability-only coverage costs around $416 a year, and high-risk coverage costs around $3,310. Teens cost the most to insure at up to $5,510 a year.

Average premium for full coverage: $1,524

Policy rates by type of insurance:

Full coverage includes $500 policy deductibles, 30/60 liability coverage, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 U.S. states and Ioniq 5 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can have significant affects on car insurance prices. Rural locations are shown to have lower incidents of comprehensive and collision claims than cities with more traffic congestion. The diagram below illustrates how location helps determine auto insurance prices.

The examples above highlight why it is important to compare rates quotes using their specific location, instead of using averaged prices.

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

Additional Rate Information

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

• The cheapest rate after discounts is $857
• Raising to $1,000 deductibles will save $1,292 every year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,524
• Selecting low $100 deductibles bumps up the cost to $1,978
• At-risk drivers with serious driving violations could pay around $3,310
• Policy cost that insures a teen driver can cost $5,510

View Chart as Image

Insurance rates for a Hyundai Ioniq 5 also range considerably based on the trim level of your Ioniq 5, your driving record and age, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are likely paying anywhere from $1,800 to $2,500 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 45% to 132% more than the average policy. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,400 every 12 months on average, or $117 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay in the ballpark of $5,500 a year. View Rates by Age

Your home state also has a big influence on Hyundai Ioniq 5 insurance prices. A middle-age driver might find 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 can reduce rates by up to $690 every year, while buying higher liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $327 more each year. View Rates by Deductible or Liability Limit

How to Find More Affordable Hyundai Ioniq 5 Insurance

Finding cheaper rates on car insurance consists of being a good driver, having a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Compare rates every year by getting quotes from direct car insurance companies, and also from local auto insurance providers.

The following list is a summary of the coverage data covered in the charts and tables above.

• You may be able to save around $190 per year just by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $675 each year
• Drivers age 16 to 20 are the costliest to insure, with premiums being up to $459 each month if comprehensive and collision insurance is included
• Higher risk drivers who have multiple accidents or major violations will likely pay on average $1,790 more per year than a safer driver