Hyundai Ioniq 5 Insurance Rates

U.S. average insurance rates for a Hyundai Ioniq 5 are $1,524 a year including full coverage. Comprehensive costs an estimated $356 each year, collision insurance costs $668, and liability costs around $364. Buying just liability costs as low as $416 a year, and insurance for high-risk drivers costs around $3,310. Teen drivers 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:

Includes $500 policy deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and Ioniq 5 models.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on the price of auto insurance. More rural locations have lower incidents of comprehensive and collision claims than larger metro areas. The graphic below illustrates how geographic area affects insurance prices.

The ranges above highlight why all drivers should compare prices for a targeted area, instead of using price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $857
• Using higher $1,000 deductibles will save approximately $232 every year
• The estimated price for the average middle-age driver who has $500 deductibles is $1,524
• Choosing low deductibles for physical damage coverage bumps up the cost to $1,978
• Drivers with multiple violations and an at-fault accident could pay up to $3,310
• The price that insures a teen driver can cost as much as $5,510 or more

View Chart as Image

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

If you have some driving violations or you caused an accident, you are likely paying $1,800 to $2,500 additional each year, depending on your age. Insurance for high-risk drivers can be as much as 45% to 132% more than average. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,400 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay at least $5,500 a year. View Rates by Age

The state you live in has a huge impact on Hyundai Ioniq 5 insurance prices. A driver around age 40 might see prices as low as $1,170 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,170 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing high deductibles could cut prices by as much as $690 every year, whereas increasing liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $327 more each year. View Rates by Deductible or Liability Limit

How to Find the Cheapest Hyundai Ioniq 5 Insurance

Getting lower rates on car insurance requires being safe and accident-free, having a good credit score, being claim-free, and possibly raising deductibles. Shop around every couple of years by getting quotes from direct car insurance companies, and also from your local car insurance providers.

Below you'll find a recap of the material that was presented in the illustrations above.

• Policyholders who want more liability protection will pay about $400 per year to increase from a low limit to the 250/500 level
• Youthful drivers are expensive to insure, possibly costing $459 a month if comprehensive and collision insurance is included
• Higher risk drivers that have major violations or accidents could be charged and average of $1,790 more annually than a low-risk driver
• Increasing physical damage deductibles can save approximately $675 each year