Hyundai Ioniq 5 Insurance Rates

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Compare 2021 Hyundai Ioniq 5 Car Insurance Cost in 2025

Are you sick and tired of robbing Peter to pay Paul to buy auto insurance? You are in the same boat as most other vehicle owners. There are many car insurance companies to purchase coverage from, and although it's a good thing to have multiple companies, too many choices makes it more difficult to find the lowest rates. Auto insurance discounts help slash rates Auto insurance companies don't list...

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UPDATED: Mar 28, 2024

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The average auto insurance rates for a Hyundai Ioniq 5 are $1,556 annually with full coverage. Comprehensive insurance costs around $368 a year, collision insurance costs $698, and liability coverage costs around $354. Liability-only coverage costs as low as $406 a year, and high-risk coverage costs $3,374 or more. 16-year-old drivers cost the most to insure at up to $5,590 a year.

Average premium for full coverage: $1,556

Policy rates for type of insurance:

Comprehensive $368
Collision $698
Liability $354

Rates are based on $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all U.S. states and Ioniq 5 trim levels.

Price Range Variability

For the average 40-year-old driver, Hyundai Ioniq 5 insurance rates range from as cheap as $406 for just liability insurance to a high of $3,374 for a driver who has had serious violations or accidents.

Liability Only $406
Full Coverage $1,556
High Risk $3,374

Urban vs. Rural Price Range

Where you live has a large influence on insurance rates. Areas with sparse population are shown to have fewer collision claims than congested cities. The diagram below illustrates the difference location can make on auto insurance rates.

Rural Areas $1,167
Small Cities $1,634
Large Cities $2,101

The examples above demonstrate why it is important to compare prices for a specific zip code and their own personal driving habits, rather than using rate averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

More Rate Details

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

  • The best full coverage rate is $870
  • Using higher $1,000 deductibles will save about $1,314 annually
  • The estimated rate for a good driver age 40 using $500 deductibles is $1,556
  • Buying low $100 deductibles for physical damage coverage costs an additional $472 each year
  • Higher-risk drivers with multiple tickets or accidents could pay at least $3,374
  • Policy cost with full coverage for a teenage driver can be $5,590 or more

View Chart as Image

Hyundai Ioniq 5 insurance cost comparison chart
Column chart showing Hyundai Ioniq 5 insurance prices range from $870 to $5,590 for full coverage

Insurance rates for a Hyundai Ioniq 5 also range considerably based on the model year and trim level, your driving record, and deductibles and policy limits.

Older drivers with no violations or accidents and high physical damage deductibles may only pay around $1,400 a year, or $117 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay as much as $5,500 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you may be forking out at least $1,800 to $2,500 additional every year, depending on your age. A high-risk auto insurance policy can be around 45% to 129% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut rates by as much as $720 a year, while buying higher liability limits will increase rates. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $318 more each year. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Hyundai Ioniq 5 insurance rates. A driver around age 40 might see rates as low as $1,120 a year in states like New Hampshire, Ohio, and Utah, or at least $2,100 on average in Florida, Michigan, and New York.

Hyundai Ioniq 5 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,406 -$150 -9.6%
Alaska $1,192 -$364 -23.4%
Arizona $1,290 -$266 -17.1%
Arkansas $1,556 -$0 0.0%
California $1,774 $218 14.0%
Colorado $1,484 -$72 -4.6%
Connecticut $1,598 $42 2.7%
Delaware $1,760 $204 13.1%
Florida $1,944 $388 24.9%
Georgia $1,436 -$120 -7.7%
Hawaii $1,116 -$440 -28.3%
Idaho $1,054 -$502 -32.3%
Illinois $1,158 -$398 -25.6%
Indiana $1,172 -$384 -24.7%
Iowa $1,050 -$506 -32.5%
Kansas $1,476 -$80 -5.1%
Kentucky $2,122 $566 36.4%
Louisiana $2,302 $746 47.9%
Maine $960 -$596 -38.3%
Maryland $1,284 -$272 -17.5%
Massachusetts $1,240 -$316 -20.3%
Michigan $2,700 $1,144 73.5%
Minnesota $1,302 -$254 -16.3%
Mississippi $1,864 $308 19.8%
Missouri $1,382 -$174 -11.2%
Montana $1,670 $114 7.3%
Nebraska $1,224 -$332 -21.3%
Nevada $1,864 $308 19.8%
New Hampshire $1,120 -$436 -28.0%
New Jersey $1,740 $184 11.8%
New Mexico $1,376 -$180 -11.6%
New York $1,636 $80 5.1%
North Carolina $896 -$660 -42.4%
North Dakota $1,274 -$282 -18.1%
Ohio $1,072 -$484 -31.1%
Oklahoma $1,594 $38 2.4%
Oregon $1,426 -$130 -8.4%
Pennsylvania $1,484 -$72 -4.6%
Rhode Island $2,074 $518 33.3%
South Carolina $1,410 -$146 -9.4%
South Dakota $1,312 -$244 -15.7%
Tennessee $1,360 -$196 -12.6%
Texas $1,874 $318 20.4%
Utah $1,150 -$406 -26.1%
Vermont $1,062 -$494 -31.7%
Virginia $932 -$624 -40.1%
Washington $1,200 -$356 -22.9%
West Virginia $1,426 -$130 -8.4%
Wisconsin $1,074 -$482 -31.0%
Wyoming $1,384 -$172 -11.1%

View Chart as Image

Hyundai Ioniq 5 insurance rates by U.S. city
Hyundai Ioniq 5 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Hyundai Ioniq 5 $398 $720 $332 $1,586
2023 Hyundai Ioniq 5 $382 $714 $338 $1,570
2022 Hyundai Ioniq 5 $368 $698 $354 $1,556
2021 Hyundai Ioniq 5 $356 $668 $364 $1,524

Rates are averaged for all Hyundai Ioniq 5 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Buy the Best Cheap Hyundai Ioniq 5 Insurance

Finding cheaper rates on auto insurance requires being safe and accident-free, having good credit, not filing small claims, and deciding if full coverage is necessary. Make time to compare rates every other policy renewal by quoting rates from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

Below you'll find a quick review of the ideas that were touched on in this article.

  • Youthful drivers are charged the highest rates, as much as $466 each month if they have full coverage
  • Drivers with a DUI or reckless driving violation may pay on average $1,820 more every year than a low-risk driver
  • Increasing comprehensive and collision deductibles could save up to $725 each year
  • You may be able to save up to $200 per year just by quoting early and online

Rates by Driver Age

Hyundai Ioniq 5 Insurance Rates by Driver Age
Driver Age Premium
16 $5,590
20 $3,592
30 $1,640
40 $1,556
50 $1,418
60 $1,392

Full coverage, $500 deductibles

Rates by Deductible

Hyundai Ioniq 5 Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,028
$250 $1,808
$500 $1,556
$1,000 $1,314

Full coverage, driver age 40

Rates by Liability Limit

Hyundai Ioniq 5 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,556
50/100 $1,627
100/300 $1,715
250/500 $1,945
100 CSL $1,662
300 CSL $1,857
500 CSL $1,999

Full coverage, driver age 40

Rates for High Risk Drivers

Hyundai Ioniq 5 Insurance Rates for High Risk Drivers
Age Premium
16 $8,034
20 $5,718
30 $3,468
40 $3,374
50 $3,216
60 $3,188

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $221

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $85
Multi-vehicle $81
Homeowner $21
5-yr Accident Free $123
5-yr Claim Free $103
Paid in Full/EFT $78
Advance Quote $81
Online Quote $114
Total Discounts $686
Rate after discounts $870

Discounts are estimated and may not be available from every company or in every state.

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