Hyundai Ioniq 5 Insurance Rates

Average auto insurance rates for a Hyundai Ioniq 5 are $1,556 annually for full coverage insurance. Comprehensive insurance costs on average $368 a year, collision insurance costs $698, and liability is estimated at $354. Liability-only coverage costs approximately $406 a year, and high-risk coverage costs $3,374 or more. Teen drivers receive the highest rates at up to $5,590 a year.

Average premium for full coverage: $1,556

Rate estimates by individual coverage type:

These estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 states and Ioniq 5 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on insurance rates. Rural areas tend to have fewer physical damage claims than larger metro areas. The diagram below illustrates how rural and urban location affects car insurance rates.

These examples illustrate why it is important to get quotes based on a specific location and their own personal driving habits, instead of using price averages.

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

Additional Rate Details

The chart below illustrates average Hyundai Ioniq 5 insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $870
• Choosing higher $1,000 deductibles can save around $1,314 each year
• The estimated rate for a 40-year-old driver with $500 deductibles is $1,556
• Choosing low $100 deductibles for comp and collision coverage costs an additional $472 every year
• Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $3,374
• The cost with full coverage for a teen driver may cost $5,590 each year

View Chart as Image

Car insurance rates for a Hyundai Ioniq 5 can also vary considerably based on the trim level of your Ioniq 5, your risk profile, and policy deductibles and limits.

Older drivers with no driving violations and high physical damage deductibles may pay as little as $1,400 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will be charged upwards of $5,500 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying at a minimum $1,800 to $2,500 extra per year, depending on your age. A high-risk auto insurance policy ranges as much as 45% to 129% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $720 every year, while buying higher liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $318 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for Hyundai Ioniq 5 insurance prices. A good driver about age 40 could pay as low as $1,020 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,100 on average in Michigan, New York, and Florida.

View Chart as Image

How to Buy Cheap Hyundai Ioniq 5 Insurance

Saving money on car insurance takes not taking risks behind the wheel, having a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Set aside time to shop around every other policy renewal by requesting rates from direct insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The following is a brief summary of the ideas that were raised in the charts and tables above.

• Teens are expensive to insure, costing up to $466 per month if comprehensive and collision insurance is included
• Higher risk drivers that tend to have accidents or serious violations may pay on average $1,820 more each year for Ioniq 5 insurance
• Increasing deductibles could save up to $725 each year
• It is possible to save as much as $200 per year just by quoting early and online