Insurance premiums for the Hyundai Ioniq 5 average $177 monthly for full coverage and $90 for minimum coverage. Your trim and model year determine where you'll fall within the $65 to $229 monthly range.
Hyundai Ioniq Insurance Cost
Updated: May 19, 2026
Key Takeaways
GEICO offers the most affordable rates on average for Hyundai Ioniq 5 owners, though full coverage insurance costs vary by model year and insurer, averaging $177 monthly. Read more.
The Ioniq 5 ranks 96th out of 256 SUVs for insurance affordability, placing it in the middle tier among SUVs. SUVs tend to cost more to insure due to higher repair costs and accident severity, so the Ioniq 5 is relatively affordable for its vehicle type. Read more.
Rates vary by Ioniq 5 model year and driver profile, especially if you're adding a teen driver to your policy. Read MoneyGeek's analysis of rates by company for specific Ioniq 5 model years depending on the age of the drivers.
How Much Is Hyundai Ioniq Insurance?
| Hyundai Ioniq 5 | $90 | $177 |
Looking for another Hyundai model? Read more about the cost of Hyundai car insurance models.
Insurance costs for your Hyundai Ioniq 5 range from $76 monthly for older models to $217 for newer ones. Like most vehicles, the Ioniq 5's age greatly affects your premiums since newer models have higher fair market values that cost more to insure.
Insurance costs for a Hyundai Ioniq 5 depend on model year and company. Full coverage goes from $119 monthly with GEICO to $377 with AIG, while minimum coverage ranges from $54 with GEICO to $154 with Farmers.
Hyundai Ioniq 5 owners can save by comparing rates among insurers, as minimum coverage varies by $100 and full coverage by $258. Each company calculates risk differently for the Ioniq 5, so your final quote will reflect those differences.
| AAA | $117 | $243 |
| AIG | $150 | $377 |
| Allstate | $115 | $224 |
| Amica | $140 | $287 |
| Chubb | $145 | $293 |
| Farmers | $154 | $272 |
| Geico | $54 | $119 |
| Kemper | $101 | $207 |
| Nationwide | $83 | $144 |
| Progressive | $84 | $157 |
| State Farm | $83 | $172 |
| The Hartford | $98 | $167 |
| Travelers | $68 | $127 |
| UAIC | $137 | $173 |
Is Hyundai Ioniq Expensive to Insure?
MoneyGeek's analysis of 256 SUVs shows the Hyundai Ioniq 5 ranking 96th for insurance affordability. That puts 95 models at a lower cost to insure. It's positioned between the slightly cheaper Subaru Solterra and the pricier Mazda CX-5, with just a few dollars difference per month, and places it in the middle tier among SUVs and in line with what electric vehicles generally cost to insure.
SUVs tend to be pricier to insure, but the Ioniq 5's 381st place out of 827 total vehicles puts it in the top half for affordability. The cheapest SUV to insure is the Isuzu Amigo, while the Audi SQ8 e-tron commands the highest premiums in the category.
| Infiniti JX | $132 | 93 |
| Toyota Highlander | $133 | 94 |
| Volvo XC60 | $133 | 95 |
| Kia Sportage | $133 | 95 |
| Subaru Solterra | $133 | 95 |
| Hyundai Ioniq 5 | $133 | 96 |
| Mazda CX-5 | $134 | 97 |
| Hyundai Ioniq Hybrid | $135 | 98 |
| Hyundai Venue | $135 | 99 |
Several factors affect what you'll pay for Hyundai Ioniq 5 insurance:
- Average repair or replacement costs: The Ioniq 5 ranks as Hyundai's 8th most expensive model to maintain out of 20, with repair costs averaging $830 annually. This moderate maintenance expense helps keep insurance premiums reasonable compared to luxury electric vehicles.
- Vehicle trim, features and accessories: Performance capabilities vary across trims, with horsepower ranging from 168 to 320 hp. Higher-performance variants cost more to insure, as increased power raises accident risk and pushes premiums up.
- Driver profile: Most Ioniq 5 drivers fall between 30 to 50 years old with a median age around 40, a group that earns lower rates for responsible driving habits. The vehicle's performance reputation can attract risk-taking behaviors that concern insurers. Read more about the costs of Hyundai Ioniq 5s for young drivers.
Hyundai Ioniq Costs by Model Year and Driver Age by Insurance Company
Newer Hyundai Ioniq 5 models don't always cost more to insure than older ones, though your model year and driver age still affect your rates. A 35- to 55-year-old driver pays an average of $203 monthly for full coverage on a 2025 Ioniq 5, while a 2022 model costs $217 per month.
Young drivers in their teens and early twenties pay much more across all model years. Compare quotes from multiple insurers to lower Ioniq 5 insurance costs. GEICO offers the lowest rates across all model years, with full coverage averaging $119 monthly.
Cost of Car Insurance for 2025 Hyundai Ioniq
| Geico | $140 | $306 |
| National General | $240 | $491 |
| The Hartford | $244 | $416 |
| State Farm | $257 | $537 |
| Kemper | $258 | $513 |
| Travelers | $284 | $532 |
| AAA | $309 | $641 |
| Allstate | $313 | $617 |
| Progressive | $321 | $603 |
| Nationwide | $360 | $624 |
| Amica | $362 | $742 |
| UAIC | $375 | $475 |
| Farmers | $394 | $700 |
| AIG | $422 | $1,089 |
| Chubb | $443 | $885 |
2025 Hyundai Ioniq Insurance Costs for 16- to 25-Year-Olds
Data filtered by:
Minimum Coverage
| State Farm | $286 | $249 | $217 | $184 | $161 | $136 | $123 | $109 | $97 | $86 |
| Geico | $305 | $221 | $184 | $131 | $113 | $90 | $83 | $69 | $65 | $60 |
| Nationwide | $347 | $316 | $285 | $238 | $201 | $129 | $118 | $109 | $102 | $92 |
| Travelers | $384 | $273 | $209 | $158 | $139 | $98 | $90 | $83 | $78 | $66 |
| Allstate | $497 | $382 | $294 | $211 | $186 | $144 | $131 | $125 | $118 | $107 |
| Progressive | $508 | $395 | $318 | $178 | $154 | $125 | $113 | $102 | $94 | $81 |
| Farmers | $1,022 | $777 | $682 | $424 | $397 | $299 | $262 | $252 | $238 | $196 |
Cost of Car Insurance for 2024 Hyundai Ioniq
| Geico | $131 | $287 |
| National General | $224 | $460 |
| The Hartford | $228 | $390 |
| State Farm | $241 | $503 |
| Kemper | $241 | $480 |
| Travelers | $266 | $498 |
| AAA | $289 | $600 |
| Allstate | $293 | $577 |
| Progressive | $300 | $564 |
| Nationwide | $337 | $584 |
| Amica | $338 | $695 |
| UAIC | $351 | $445 |
| Farmers | $369 | $655 |
| AIG | $395 | $1,019 |
| Chubb | $414 | $828 |
2024 Hyundai Ioniq Insurance Costs for 16- to 25-Year-Olds
Data filtered by:
Minimum Coverage
| State Farm | $286 | $249 | $217 | $184 | $161 | $136 | $123 | $109 | $97 | $86 |
| Geico | $305 | $221 | $184 | $131 | $113 | $90 | $83 | $69 | $65 | $60 |
| Nationwide | $347 | $316 | $285 | $238 | $201 | $129 | $118 | $109 | $102 | $92 |
| Travelers | $384 | $273 | $209 | $158 | $139 | $98 | $90 | $83 | $78 | $66 |
| Allstate | $497 | $382 | $294 | $211 | $186 | $144 | $131 | $125 | $118 | $107 |
| Progressive | $508 | $395 | $318 | $178 | $154 | $125 | $113 | $102 | $94 | $81 |
| Farmers | $1,022 | $777 | $682 | $424 | $397 | $299 | $262 | $252 | $238 | $196 |
Cost of Car Insurance for 2023 Hyundai Ioniq
| Geico | $130 | $283 |
| National General | $222 | $454 |
| The Hartford | $226 | $385 |
| State Farm | $238 | $497 |
| Kemper | $238 | $475 |
| Travelers | $263 | $492 |
| AAA | $286 | $594 |
| Allstate | $289 | $571 |
| Progressive | $297 | $558 |
| Nationwide | $333 | $577 |
| Amica | $335 | $687 |
| UAIC | $347 | $440 |
| Farmers | $364 | $648 |
| AIG | $391 | $1,007 |
| Chubb | $410 | $818 |
2023 Hyundai Ioniq Insurance Costs for 16- to 25-Year-Olds
Data filtered by:
Minimum Coverage
| State Farm | $286 | $249 | $217 | $184 | $161 | $136 | $123 | $109 | $97 | $86 |
| Geico | $305 | $221 | $184 | $131 | $113 | $90 | $83 | $69 | $65 | $60 |
| Nationwide | $347 | $316 | $285 | $238 | $201 | $129 | $118 | $109 | $102 | $92 |
| Travelers | $384 | $273 | $209 | $158 | $139 | $98 | $90 | $83 | $78 | $66 |
| Allstate | $497 | $382 | $294 | $211 | $186 | $144 | $131 | $125 | $118 | $107 |
| Progressive | $508 | $395 | $318 | $178 | $154 | $125 | $113 | $102 | $94 | $81 |
| Farmers | $1,022 | $777 | $682 | $424 | $397 | $299 | $262 | $252 | $238 | $196 |
Cost of Car Insurance for 2022 Hyundai Ioniq
| Geico | $109 | $239 |
| National General | $187 | $383 |
| The Hartford | $190 | $325 |
| State Farm | $201 | $419 |
| Kemper | $201 | $400 |
| Travelers | $221 | $415 |
| AAA | $241 | $500 |
| Allstate | $244 | $481 |
| Progressive | $250 | $470 |
| Nationwide | $281 | $486 |
| Amica | $282 | $579 |
| UAIC | $292 | $371 |
| Farmers | $307 | $546 |
| AIG | $330 | $849 |
| Chubb | $345 | $690 |
2022 Hyundai Ioniq Insurance Costs for 16- to 25-Year-Olds
Data filtered by:
Minimum Coverage
| State Farm | $286 | $249 | $217 | $184 | $161 | $136 | $123 | $109 | $97 | $86 |
| Geico | $305 | $221 | $184 | $131 | $113 | $90 | $83 | $69 | $65 | $60 |
| Nationwide | $347 | $316 | $285 | $238 | $201 | $129 | $118 | $109 | $102 | $92 |
| Travelers | $384 | $273 | $209 | $158 | $139 | $98 | $90 | $83 | $78 | $66 |
| Allstate | $497 | $382 | $294 | $211 | $186 | $144 | $131 | $125 | $118 | $107 |
| Progressive | $508 | $395 | $318 | $178 | $154 | $125 | $113 | $102 | $94 | $81 |
| Farmers | $1,022 | $777 | $682 | $424 | $397 | $299 | $262 | $252 | $238 | $196 |
Hyundai Ioniq Insurance Cost by Trim
Insurance costs for your Hyundai Ioniq 5 range from $65 monthly for minimum coverage on basic SE Standard Range models to $229 for full coverage on high-performance Limited Sport Utility 4D variants.
| Se Standard Range | $65 | $128 |
| Se | $73 | $142 |
| Sel | $76 | $148 |
| Limited | $84 | $164 |
| Xrt | $89 | $173 |
| Xrt W/Tow Hitch | $90 | $175 |
| Disney100 Platinum Edition | $91 | $177 |
| Se Standard Range Sport Utility 4d | $98 | $190 |
| Se Sport Utility 4d | $100 | $194 |
| 5 N | $104 | $203 |
| Sel Sport Utility 4d | $106 | $207 |
| Limited Sport Utility 4d | $117 | $229 |
Hyundai Ioniq Insurance Cost by State
Car insurance for a Hyundai Ioniq 5 costs anywhere from $36 monthly in Wyoming to $200 in Louisiana for minimum coverage. Your state's risk factors and insurance regulations create these differences, not the vehicle itself.
| Alabama | $89 | $171 |
| Alaska | $64 | $138 |
| Arizona | $129 | $240 |
| Arkansas | $82 | $184 |
| California | $84 | $169 |
| Colorado | $96 | $228 |
| Connecticut | $120 | $208 |
| Delaware | $123 | $206 |
| Florida | $107 | $251 |
| Georgia | $136 | $223 |
| Hawaii | $48 | $109 |
| Idaho | $48 | $100 |
| Illinois | $80 | $151 |
| Indiana | $62 | $123 |
| Iowa | $59 | $141 |
| Kansas | $68 | $160 |
| Kentucky | $112 | $190 |
| Louisiana | $200 | $415 |
| Maine | $50 | $105 |
| Maryland | $143 | $243 |
| Massachusetts | $93 | $201 |
| Michigan | $170 | $334 |
| Minnesota | $79 | $169 |
| Mississippi | $96 | $185 |
| Missouri | $119 | $237 |
| Montana | $69 | $165 |
| Nebraska | $72 | $163 |
| Nevada | $151 | $274 |
| New Hampshire | $67 | $121 |
| New Jersey | $147 | $244 |
| New Mexico | $76 | $171 |
| New York | $108 | $196 |
| North Carolina | $88 | $173 |
| North Dakota | $60 | $132 |
| Ohio | $68 | $135 |
| Oklahoma | $95 | $211 |
| Oregon | $103 | $180 |
| Pennsylvania | $86 | $201 |
| Rhode Island | $110 | $199 |
| South Carolina | $91 | $172 |
| South Dakota | $56 | $177 |
| Tennessee | $69 | $142 |
| Texas | $113 | $230 |
| Utah | $93 | $159 |
| Vermont | $50 | $121 |
| Virginia | $86 | $139 |
| Washington | $80 | $149 |
| West Virginia | $84 | $172 |
| Wisconsin | $63 | $140 |
| Wyoming | $36 | $121 |
How to Lower the Cost of Hyundai Ioniq Insurance
Here are proven strategies to help you find better rates on your Hyundai Ioniq 5 insurance:
- 1Choose the right coverage
Decide how much coverage to buy for your Hyundai Ioniq 5 based on your budget and protection needs. If you own the vehicle, carry your state's minimum liability coverage plus comprehensive and collision with a $1,000 deductible to keep premiums lower. Drivers who want more protection can choose 100/300/100 liability limits with comprehensive and collision at a $500 deductible. If you finance or lease your Ioniq 5, lenders usually require 100/300/100 liability coverage, comprehensive and collision with a $500 deductible and gap insurance.
- 2Research costs and cheap companies
Review average auto insurance costs for electric vehicles to know what a competitive rate looks like for your Ioniq 5. Use that figure as a reference point when comparing quotes from the cheapest car insurance companies.
- 3Look for more than just low rates
Choose a car insurance company based on more than just price. Look at J.D. Power customer satisfaction ratings, forum feedback about claims handling, Better Business Bureau complaints and the insurer's AM Best financial strength rating. Some budget insurers offer limited coverage options or slower claims service.
- 4Ask about qualifying discounts
Several car insurance discounts may apply to your Hyundai Ioniq 5. Owners often qualify for safety features discounts, bundling savings when combining auto and home policies, good driver rewards and electric vehicle incentives.
- 5Find alternative car insurance types
Hyundai Ioniq 5 owners may benefit from usage-based insurance programs like Progressive Snapshot or Allstate Drivewise. These programs track driving habits and offer premium reductions for safe driving.
- 6Check rates every year
Get car insurance quotes from multiple companies annually. Your insurer doesn't notify you when competitors lower their prices, so yearly comparisons could save up to 24% on your Hyundai Ioniq 5 insurance. Set a calendar reminder to compare rates at each renewal period.
Hyundai Ioniq Insurance Cost: Bottom Line
Hyundai Ioniq 5 insurance runs average compared to other vehicles, though you can still find decent rates. Comparing multiple insurers, claiming available discounts and adjusting your coverage choices can bring your premium down.
Hyundai Ioniq Insurance Rates: FAQ
What is the average cost of car insurance for a Hyundai Ioniq 5?
Insurance for a Hyundai Ioniq 5 costs $1,080 annually for minimum coverage and $2,124 yearly for full coverage. Monthly premiums average $90 for state minimum and $177 for comprehensive protection.
What company has the cheapest car insurance for a Hyundai Ioniq 5?
GEICO provides the most affordable auto insurance for a Hyundai Ioniq 5, with minimum coverage starting at $650 annually. The company also offers the best value for full coverage at $1,426 per year.
Is the Hyundai Ioniq 5 expensive to insure?
No, Hyundai Ioniq 5 insurance is not expensive compared to other vehicles. Among SUVs, this model ranks 96th out of 256 for affordability, while placing 381st out of 827 total vehicles we track.
What factors affect Hyundai Ioniq 5 insurance costs?
Multiple factors affect your Hyundai Ioniq 5 insurance rates. As an electric vehicle, specialized parts and repair costs influence premiums, though the Ioniq 5 ranks well for affordability. Your driving record, credit score and coverage selections all affect your final rate.
How can I lower Hyundai Ioniq 5 insurance costs?
Compare quotes from multiple insurers since Hyundai Ioniq 5 pricing varies by company, and look into usage-based programs that track driving behavior. Maintain a clean driving record and maximize available discounts through policy bundling to get better rates.
How We Determined Hyundai Ioniq Insurance Costs
We studied hundreds of millions of quote estimates across all U.S. models sold from 2000 to 2025 to determine the most accurate Hyundai Ioniq insurance costs.
Who We Based These Rates On
These Hyundai Ioniq prices reflect what a typical driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He writes about economics and insurance on MoneyGeek so people can make coverage decisions with confidence. His insurance insights have been featured in The Washington Post, The New York Times and NPR, among other media outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data, and no insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time Jeopardy champion!