Hyundai Ioniq 5 Insurance Cost

Full coverage for a Hyundai Ioniq 5 costs about $1,630 a year ($136/month) by our estimate — ▲ +3% versus the average vehicle, ranking 155th cheapest of 310 current models.

Hyundai Ioniq 5 exterior (photo from Wikimedia Commons) — Photo: M 93, CC BY-SA 3.0 de

These are estimates, not quotes. Figures are modeled from public data (NAIC, Census, FEMA, IIHS/HLDI) for comparison only. Your actual premium depends on your insurer, driving history, vehicle and coverage choices. We are not an insurance company or agency. How we estimate

Hyundai Ioniq 5 insurance cost at a glance

Full coverage

$1,630

$136/mo · $1,335–$1,920

Minimum liability

$550

$46/mo

Segment

Small SUV

Electric

HLDI collision losses

130

Much worse than average (100 = avg)

These figures assume a driver in their 30s with a clean record, 7,500–12,000 miles a year, $500 deductibles and national-average base rates, for the 2027 model year. Our vehicle data covers the 2022–2027 model years of the Hyundai Ioniq 5.

Estimated Hyundai Ioniq 5 premium by coverage level (national average rates)
Coverage level	What it includes	Per year	Per month	Typical range
State minimum liability	Only the liability (and PIP/UM where required) limits your state mandates. No coverage for your own car.	$550	$46	$450–$645
Standard liability (100/300/100)	Higher liability limits plus uninsured motorist coverage. Still no coverage for damage to your own car.	$795	$66	$650–$940
Full coverage	Standard liability plus collision and comprehensive, typically required on a financed or leased car.	$1,630	$136	$1,335–$1,920

What drives the cost of insuring a Hyundai Ioniq 5

The strongest predictor of what insurers charge for a specific model is its claims history. HLDI publishes relative insurance losses for recent models (2022-2024), where 100 is the average of all passenger vehicles. The Hyundai Ioniq 5's results put our vehicle factor at 0.89× for liability, 1.26× for collision and 1.05× for comprehensive.

HLDI relative insurance losses — Hyundai IONIQ 5 electric 4dr (Small SUVs)
Coverage	Index	Rating	What it measures
Collision	130	Much worse than average	Damage to this car in crashes; driven by repair costs and crash frequency
Comprehensive	107	Worse than average	Theft, vandalism, glass, weather and animal damage
Property damage liability	90	Better than average	Damage this car does to other vehicles and property
Bodily injury liability	81	Better than average	Injuries to people in other vehicles (claim frequency)
Personal injury protection	85	Better than average	Injuries to occupants of this car (claim frequency)
Medical payments	87	Better than average	Injuries to occupants of this car (claim frequency)

HLDI results by body style / drivetrain (2)

Variant	Collision	Comprehensive	Prop. damage	Bodily injury
Hyundai IONIQ 5 electric 4dr	130	107	90	81
Hyundai IONIQ 5 electric 4dr 4WD	133	111	94	76

Repair and parts costs: Small SUV — mainstream parts availability keeps repairs moderate.
Electric drivetrain: battery packs, high-voltage systems and specialized repair shops make EV collision claims more expensive on average; comprehensive can be lower if theft is rare.
Recalls & complaints: 10 NHTSA recall campaigns and 338 owner complaints across its latest three model years. Recalls don't change premiums directly, but open recalls should be fixed.

Hyundai Ioniq 5 trims and configurations (2027)

Higher trims with bigger engines, all-wheel drive or more technology usually cost more to repair or replace, which raises collision and comprehensive premiums.

Configuration	Drive	Engine	MPGe (comb.)	Range
Ioniq 5 AWD (19inch Wheels)	AWD	Electric	106	290 mi
Ioniq 5 AWD (20inch Wheels)	AWD	Electric	98	269 mi
Ioniq 5 AWD XRT	AWD	Electric	94	259 mi
Ioniq 5 RWD	RWD	Electric	114	318 mi
Ioniq 5 Standard range	RWD	Electric	115	245 mi

Hyundai Ioniq 5 insurance cost by model year

Older model years cost less to insure for full coverage because the car is worth less, so collision and comprehensive payouts are smaller. Liability costs stay about the same.

Model year	Engines	Drive	MPGe	Est. full / yr
2027	Electric	AWD, RWD	—	$1,630
2026	Electric	AWD, RWD	—	$1,590
2025	Electric	AWD, RWD	—	$1,555
2024	Electric	AWD, RWD	—	$1,515
2022	Electric	AWD, RWD	—	$1,440

Hyundai Ioniq 5 insurance cost by state

The same car can cost very different amounts to insure depending on where it is garaged. Select a state for its rules and city-level costs.

State	Full coverage	Minimum	vs. national
Alabama	$1,445	$430	−11%
Alaska	$1,440	$555	−12%
Arizona	$1,695	$590	+4%
Arkansas	$1,475	$400	−10%
California	$1,635	$510	0%
Colorado	$1,850	$580	+13%
Connecticut	$1,710	$635	+5%
Delaware	$1,765	$715	+8%
District of Columbia	$2,075	$665	+27%
Florida	$2,230	$965	+37%
Georgia	$1,965	$780	+21%
Hawaii	$1,150	$390	−29%
Idaho	$1,110	$360	−32%
Illinois	$1,430	$445	−12%
Indiana	$1,170	$360	−28%
Iowa	$1,135	$275	−30%
Kansas	$1,325	$360	−19%
Kentucky	$1,360	$470	−17%
Louisiana	$2,235	$705	+37%
Maine	$1,055	$380	−35%
Maryland	$1,815	$670	+11%
Massachusetts	$1,615	$530	−1%
Michigan	$1,795	$685	+10%
Minnesota	$1,375	$420	−16%
Mississippi	$1,575	$475	−3%
Missouri	$1,490	$455	−9%
Montana	$1,330	$350	−18%
Nebraska	$1,330	$360	−18%
Nevada	$1,800	$775	+10%
New Hampshire	$1,180	$360	−28%
New Jersey	$1,910	$835	+17%
New Mexico	$1,470	$465	−10%
New York	$2,135	$830	+31%
North Carolina	$1,255	$400	−23%
North Dakota	$1,085	$245	−33%
Ohio	$1,180	$360	−28%
Oklahoma	$1,495	$420	−8%
Oregon	$1,425	$560	−13%
Pennsylvania	$1,450	$380	−11%
Rhode Island	$1,935	$730	+19%
South Carolina	$1,700	$655	+4%
South Dakota	$1,290	$280	−21%
Tennessee	$1,380	$405	−15%
Texas	$1,945	$615	+19%
Utah	$1,450	$585	−11%
Vermont	$1,095	$285	−33%
Virginia	$1,405	$560	−14%
Washington	$1,395	$525	−14%
West Virginia	$1,390	$390	−15%
Wisconsin	$1,130	$330	−31%
Wyoming	$1,320	$290	−19%

Hyundai Ioniq 5 insurance by driver profile

Estimated annual Hyundai Ioniq 5 premium by driver (national average rates)
Driver	Minimum	Standard	Full coverage	Full / month
Teen driver (18, own policy)	$1,510	$2,185	$4,480	$373
Young adult (22)	$875	$1,270	$2,605	$217
Adult in their 30s	$550	$795	$1,630	$136
Adult in their 50s	$505	$730	$1,500	$125
Senior (72)	$615	$890	$1,825	$152
30s, one at-fault accident	$795	$1,155	$2,360	$197
30s, DUI on record	$1,015	$1,470	$3,015	$251

Hyundai Ioniq 5 vs. rivals

Model	Full coverage / yr	HLDI collision	HLDI comprehensive	Comparison
Hyundai Ioniq 5	$1,630	130	107	—
Honda CR-V	$1,200	63	65	—
Subaru Forester	$1,140	64	84	—
Mazda CX-5	$1,325	80	71	—

Estimate Hyundai Ioniq 5 insurance for your ZIP code

Runs in your browser — nothing you enter is stored or sent to insurers.

State ZIP code or city (optional) Driver age Vehicle make Model Coverage Driving record Annual mileage

Estimated annual premium

—

Per month

—

Other Hyundai models

Ioniq 6 $1,640/yr
Ioniq 9 $1,575/yr
Kona $1,385/yr
Palisade $1,435/yr
Santa Cruz $1,580/yr
Santa Fe $1,415/yr
Sonata $1,890/yr
Venue $1,590/yr
Elantra $1,895/yr
Nexo $1,455/yr
Tucson $1,410/yr
Accent $1,425/yr
Ioniq $1,425/yr
Veloster $1,425/yr
Azera $1,300/yr
Equus $1,265/yr
Genesis $1,240/yr
Genesis Coupe $1,450/yr
Veracruz $1,190/yr
Entourage $1,135/yr
Tiburon $1,445/yr
XG350 $1,255/yr

All Hyundai insurance costs →

Frequently asked questions

How much is insurance for a Hyundai Ioniq 5?

We estimate about $1,630 a year ($136 a month) for full coverage and $550 for state-minimum liability, for a driver in their 30s with a clean record at national-average rates. That is 3% more than the average vehicle.

Is the Hyundai Ioniq 5 expensive to insure?

HLDI insurance-loss data rates it at 130 for collision and 107 for comprehensive losses (100 = average of all vehicles), meaning collision losses are much worse than average.

Which state is cheapest to insure a Hyundai Ioniq 5?

Maine has the lowest estimate (about $1,055 a year for full coverage) and Louisiana the highest (about $2,235).

Is the Hyundai Ioniq 5 cheaper to insure than the Honda CR-V?

By our estimate the Hyundai Ioniq 5 costs about $1,630 a year versus $1,200 for the Honda CR-V, making the Honda CR-V cheaper to insure.

How much is Hyundai Ioniq 5 insurance for a teen driver?

An 18-year-old on their own full-coverage policy would pay about $4,480 a year at national-average rates by our estimate.

How we estimate this

We start from the state's average liability, collision and comprehensive premiums published by the NAIC, then apply a location factor (population density and commute time from the Census ACS, weather hazard scores from FEMA's National Risk Index), a vehicle factor (HLDI insurance-loss data where available, otherwise vehicle segment), and a driver-profile multiplier. Results are rounded ranges for comparison, not quotes. Read the full methodology.

Sources used on this page