Hyundai Ioniq 5 Car Insurance Calculator

Discover how different driver, vehicle, and coverage options affect the cost of insurance for a Hyundai Ioniq 5. Adjust rate factors like credit rating, policy coverages, and liability limits to see how insurance cost is affected. See instantly if your choice raises or lowers your rate and learn exactly why.

The average estimated car insurance premium for a 2024 Hyundai Ioniq 5 is $2,302 per year, or about $192 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,302

Cost Per Month

$192

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Hyundai Ioniq 5 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Hyundai Ioniq 5.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,302
Average Rate
Your Rate
$2,302

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Hyundai Ioniq 5.

The 'Average Rate' is a combined value for all Hyundai Ioniq 5 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Hyundai Ioniq 5 is $2,302.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Hyundai Ioniq 5 vs. the Small SUV Segment

The table below compares insurance rates for the 2024 Hyundai Ioniq 5 against all other models in the small SUV segment. The Hyundai Ioniq 5 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Hyundai Ioniq 5, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Hyundai Ioniq 5.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Hyundai Ioniq 5 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Subaru Crosstrek$1,730-$572
2Chevrolet Trailblazer$1,760-$542
3Kia Soul$1,826-$476
4Nissan Kicks$1,844-$458
5Buick Envision$1,878-$424
6Toyota Corolla Cross$1,888-$414
7Hyundai Venue$1,902-$400
8Mazda CX-5$1,910-$392
9Ford Bronco Sport$1,918-$384
10Volkswagen Tiguan$1,938-$364
11Buick Encore$1,988-$314
12Honda CR-V$1,996-$306
13Volkswagen Taos$2,008-$294
14Kia Niro$2,014-$288
15Honda HR-V$2,040-$262
16Subaru Forester$2,084-$218
17Kia Seltos$2,094-$208
18GMC Terrain$2,096-$206
19Nissan Rogue$2,106-$196
20Hyundai Kona$2,110-$192
21Mazda CX-30$2,114-$188
22Volkswagen ID4$2,124-$178
23Ford Escape$2,138-$164
2024 Small SUV Average$2,154-$148
24Chevrolet Equinox$2,158-$144
25Toyota RAV4$2,162-$140
26Mazda MX-30$2,172-$130
27Hyundai Tucson$2,176-$126
28Chevrolet Trax$2,210-$92
29Mini Cooper Clubman$2,220-$82
30Mini Cooper$2,226-$76
31Mitsubishi Eclipse Cross$2,246-$56
32Jeep Renegade$2,252-$50
33Mitsubishi Outlander$2,280-$22
34Kia Sportage$2,294-$8
35Hyundai Ioniq 5$2,302--
36Nissan Ariya$2,304$2
37Fiat 500X$2,310$8
38Mini Cooper Countryman$2,318$16
39Subaru Solterra$2,320$18
40Mazda CX-50$2,326$24
41Toyota bz4X$2,330$28
42Mitsubishi Mirage$2,342$40
43Kia EV6$2,416$114
44Dodge Hornet$2,492$190
45Jeep Compass$2,536$234
46Hyundai Nexo$2,584$282
47Ford Mustang Mach-E$2,742$440

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 Ioniq 5 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Hyundai Ioniq 5.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Hyundai Ioniq 5 Insurance Rates by Trim Level
2024 Hyundai Ioniq 5 Trim Level Annual Premium Cost Per Month
SE Standard Range$2,184$182
SE$2,282$190
SEL$2,318$193
Limited$2,428$202

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Hyundai Ioniq 5 for different driver ages.

2024 Hyundai Ioniq 5 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,266$689
17$7,996$666
18$7,144$595
19$6,513$543
20$4,979$415
21$4,752$396
22$4,249$354
23$3,495$291
24$3,298$275
25$2,674$223
30$2,452$204
35$2,366$197
40$2,302$192
45$2,154$180
50$2,040$170
55$1,906$159
60$1,912$159
65$2,038$170
70$2,208$184
75$2,604$217
80$3,212$268

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Hyundai Ioniq 5 trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Hyundai Ioniq 5.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Hyundai Ioniq 5 Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Hyundai Ioniq 5$2,302$192
2023 Hyundai Ioniq 5$2,260$188
2022 Hyundai Ioniq 5$2,118$177

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Hyundai Ioniq 5 trim levels for each model year.