2023 Hyundai Ioniq 5 Car Insurance Calculator

Monitor in real-time how different driver and vehicle factors influence insurance rates for a 2023 Hyundai Ioniq 5. Modify options like driver's age, policy discounts, and trim level and watch how each affects your rate. Know immediately if the choice you make has an impact on rates and why.

The average estimated car insurance premium for a 2023 Hyundai Ioniq 5 is $2,260 per year, or about $188 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

$2,260

Cost Per Month

$188

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 2023 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.

$2,260
Average Rate
Your Rate
$2,260

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.

The 'Average Rate' is a combined value for all 2023 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 2023 Hyundai Ioniq 5 is $2,260.

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.

2023 Hyundai Ioniq 5 vs. the Small SUV Segment

The table below compares insurance rates for the 2023 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.

2023 Hyundai Ioniq 5 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Chevrolet Trailblazer$1,722-$538
2Subaru Crosstrek$1,740-$520
3Nissan Kicks$1,744-$516
4Nissan Rogue Sport$1,776-$484
5Mazda CX-5$1,794-$466
6Buick Encore$1,814-$446
7Buick Envision$1,822-$438
8Kia Seltos$1,844-$416
9Hyundai Venue$1,854-$406
10Honda HR-V$1,886-$374
11Hyundai Kona$1,910-$350
12Subaru Forester$1,926-$334
13Honda CR-V$1,932-$328
14Mazda CX-30$1,936-$324
15Chevrolet Trax$1,950-$310
16Volkswagen Tiguan$1,978-$282
17Ford Bronco Sport$1,984-$276
18Fiat 500X$2,018-$242
19Kia Soul$2,022-$238
20GMC Terrain$2,024-$236
21Mitsubishi Eclipse Cross$2,034-$226
22Chevrolet Equinox$2,048-$212
23Toyota Corolla Cross$2,056-$204
24Volkswagen Taos$2,062-$198
25Mazda CX-50$2,064-$196
2023 Small SUV Average$2,073-$187
26Hyundai Tucson$2,082-$178
27Ford Escape$2,086-$174
28Nissan Rogue$2,094-$166
29Kia Niro$2,110-$150
30Toyota RAV4$2,112-$148
31Mazda MX-30$2,116-$144
32Mini Cooper$2,126-$134
33Jeep Compass$2,130-$130
34Mini Cooper Clubman$2,162-$98
35Jeep Renegade$2,192-$68
36Chevrolet Bolt$2,206-$54
37Toyota bz4X$2,216-$44
38Hyundai Ioniq 5$2,260--
39Kia Sportage$2,270$10
40Mini Cooper Countryman$2,338$78
41Mitsubishi Mirage$2,340$80
42Mitsubishi Outlander$2,352$92
43Volkswagen ID4$2,366$106
44Kia EV6$2,416$156
45Dodge Hornet$2,418$158
46Hyundai Nexo$2,508$248
47Ford Mustang Mach-E$2,576$316

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.

2023 Ioniq 5 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 Hyundai Ioniq 5 Insurance Rates by Trim Level
2023 Hyundai Ioniq 5 Trim Level Annual Premium Cost Per Month
SE$2,200$183
SEL$2,242$187
Limited$2,336$195

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 2023 Hyundai Ioniq 5 for different driver ages.

2023 Hyundai Ioniq 5 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,139$678
17$7,872$656
18$7,027$586
19$6,403$534
20$4,895$408
21$4,668$389
22$4,174$348
23$3,430$286
24$3,236$270
25$2,626$219
30$2,404$200
35$2,320$193
40$2,260$188
45$2,112$176
50$2,002$167
55$1,870$156
60$1,876$156
65$2,000$167
70$2,168$181
75$2,560$213
80$3,162$264

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.