Insurance premiums for a Hyundai Ioniq 5 average $181 monthly for full coverage and $93 for minimum coverage. Your specific model year affects costs, with rates ranging from $65 to $229 monthly depending on trim and coverage level.
Hyundai Ioniq Insurance Cost
Updated: January 29, 2026
Key Takeaways
GEICO offers the most affordable rates for Hyundai Ioniq 5 insurance, though full coverage costs vary widely by model year and insurer, averaging $177 monthly across companies. Read more
The Ioniq 5 ranks 96th out of 256 SUVs for insurance affordability, placing it in the middle tier among SUVs. SUVs cost more to insure due to higher repair costs and theft risk, making them expensive compared to all vehicle types. Read more
For the most accurate insurance rates, check costs specific to your Ioniq 5's model year, especially if you're insuring a teen driver who can impact premiums. 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?
Looking for another Hyundai model? Read more about the cost of Hyundai car insurance models.
Insurance costs for a Hyundai Ioniq 5 depend on model year and company. Full coverage goes from $106 monthly with GEICO to $377 with AIG, while minimum coverage ranges from $48 with GEICO to $150 with Farmers.
Hyundai Ioniq 5 owners should shop between insurers since minimum coverage varies by over $102 and full coverage by over $271. Each company calculates risk differently for the Ioniq 5, affecting your final quote.
| 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 reveals the Hyundai Ioniq 5 ranks 96th for insurance affordability, meaning 95 SUV models cost less to insure. It's positioned between the slightly cheaper Subaru Solterra and the marginally pricier Mazda CX-5, with just a few dollars separating these models monthly. This middle-tier ranking among SUVs provides helpful context for potential buyers.
While it's middle of the pack for SUVs, the Ioniq 5 actually lands in the top half for affordability overall, ranking 381st out of 827 total vehicles in our database. The cheapest SUV to insure is the Isuzu Amigo, while the Audi SQ8 e-tron commands the highest premiums in this 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 insurance:
- Average Repair or Replacement Costs: With annual repair costs averaging $830, the Hyundai Ioniq stands out as one of Hyundai's most affordable models to maintain out of 20 available options.
- Vehicle Trim, Features and Accessories: The Ioniq's horsepower ranges from 118 to 220 hp depending on trim level. Higher-performance variants with increased horsepower result in higher insurance premiums due to greater risk exposure.
- Driver Profile: Most Hyundai Ioniq drivers fall into the 40 and 50 age range, which generally means lower insurance rates due to responsible driving habits. However, the vehicle's performance reputation can attract risk-taking behaviors that concern insurers. Read more about the costs of Hyundai Ioniqs for young drivers.
Hyundai Ioniq Insurance Cost by State
Car insurance for a Hyundai Ioniq ranges from just $36 monthly in Wyoming to $200 in Louisiana for minimum coverage, depending on where you're located. These dramatic cost differences reflect your state's risk factors and insurance regulations, 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 |
Hyundai Ioniq Costs by Model Year and Insurance Company
Driver age and model year impact your Hyundai Ioniq 5 insurance costs. A 35- to 55-year-old driver pays an average of $217 monthly for full coverage on a 2022 Ioniq 5, compared to $203 for a 2025 model. Teen and young adult drivers will face much steeper premiums across all available model years.
GEICO consistently offers the lowest rates for Ioniq 5 coverage across all model years. Â
Cost of Car Insurance for 2025 Hyundai Ioniq
| Geico | $53 | $116 |
| Travelers | $59 | $113 |
| Progressive | $71 | $132 |
| State Farm | $71 | $148 |
| Nationwide | $72 | $125 |
| Kemper | $88 | $180 |
| National General | $93 | $191 |
| The Hartford | $99 | $169 |
| Allstate | $101 | $196 |
| AAA | $116 | $241 |
| UAIC | $129 | $164 |
| Amica | $146 | $299 |
| Chubb | $152 | $306 |
| AIG | $154 | $389 |
| Farmers | $159 | $280 |
Cost of Car Insurance for 2024 Hyundai Ioniq
| Geico | $48 | $106 |
| Travelers | $54 | $103 |
| Progressive | $64 | $120 |
| State Farm | $65 | $135 |
| Nationwide | $65 | $114 |
| Kemper | $80 | $164 |
| National General | $85 | $174 |
| The Hartford | $90 | $154 |
| Allstate | $92 | $179 |
| AAA | $106 | $220 |
| UAIC | $118 | $149 |
| Amica | $133 | $273 |
| Chubb | $138 | $279 |
| AIG | $140 | $355 |
| Farmers | $145 | $255 |
Cost of Car Insurance for 2023 Hyundai Ioniq
| Geico | $63 | $138 |
| Travelers | $88 | $164 |
| National General | $95 | $195 |
| The Hartford | $109 | $185 |
| Nationwide | $109 | $189 |
| State Farm | $109 | $228 |
| Progressive | $114 | $213 |
| AAA | $133 | $275 |
| Kemper | $133 | $273 |
| Amica | $147 | $302 |
| Allstate | $151 | $293 |
| Chubb | $153 | $307 |
| AIG | $162 | $403 |
| Farmers | $164 | $290 |
| UAIC | $166 | $209 |
Cost of Car Insurance for 2022 Hyundai Ioniq
| Geico | $56 | $122 |
| Travelers | $79 | $145 |
| National General | $85 | $173 |
| The Hartford | $96 | $164 |
| Nationwide | $97 | $168 |
| State Farm | $97 | $203 |
| Progressive | $101 | $189 |
| AAA | $118 | $244 |
| Kemper | $118 | $243 |
| Amica | $130 | $268 |
| Allstate | $134 | $260 |
| Chubb | $136 | $272 |
| AIG | $143 | $358 |
| Farmers | $145 | $258 |
| UAIC | $148 | $185 |
Hyundai Ioniq Insurance Cost by Trim
Insurance costs for your Hyundai Ioniq vary by trim, from $229 monthly for full coverage on high-performance Limited Sport Utility 4d variants to $65 for minimum coverage on basic Se Standard Range models. Performance features, rarity, and market value determine where each trim falls in this range.
| 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 |
How to Lower the Cost of Hyundai Ioniq Insurance
These proven tips help you find affordable rates on your Hyundai Ioniq insurance:
- 1Choose the right coverage
You'll need to decide how much coverage to buy for your Hyundai Ioniq. If you own your vehicle, get your state's minimum liability requirements plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with a $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Learn what you should pay by reviewing average auto insurance costs for electric vehicles. This benchmark assists with finding the cheapest car insurance companies offering competitive rates. Understanding typical costs helps you spot good deals when shopping around for coverage.
- 3Look for more than just low rates
Finding quality car insurance means evaluating insurers beyond price alone. Check J.D. Power satisfaction ratings, examine forum discussions about claims handling, review Better Business Bureau records and confirm AM Best financial ratings. Budget options could provide limited coverage or slower service when you need help most.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your situation. Hyundai Ioniq owners often get safety features discounts, good driver rewards, bundling savings when combining policies and low mileage discounts. These reductions can lower your annual premiums while maintaining the same coverage levels.
- 5Consider alternative car insurance types
Hyundai Ioniq owners might benefit from usage-based insurance programs like Progressive Snapshot or Allstate Drivewise. These options track safe driving habits and deliver premium reductions based on your actual driving behavior. They're particularly valuable for drivers with low annual mileage or excellent driving records.
- 6Check rates every year
Obtain car insurance quotes from multiple companies annually. Your insurer doesn't notify you when competitors lower prices, so yearly comparisons could save up to 24% on your Hyundai Ioniq insurance. Rate changes happen frequently, making regular shopping essential for maintaining the best deal.
Hyundai Ioniq Insurance Cost: Bottom Line
Hyundai Ioniq insurance runs about average in cost, though you can still secure decent rates. Compare quotes from multiple insurers and claim available discounts to find your best pricing.
Hyundai Ioniq Insurance Rates: FAQ
What is the average cost of car insurance for a Hyundai Ioniq?
Hyundai Ioniq 5 insurance costs $1,116 annually for minimum coverage and $2,172 yearly for full coverage. These rates average $93 and $181 monthly, respectively.
What company has the cheapest car insurance for a Hyundai Ioniq?
GEICO provides the most affordable auto insurance for a Hyundai Ioniq 5, with minimum coverage starting at $576 annually. For full coverage, GEICO remains the best value option at $1,272 per year.
Are Hyundai Ioniqs 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 across all vehicle types we track.
What factors affect insurance costs for Hyundai Ioniqs?
Multiple factors affect your Hyundai Ioniq 5 insurance rates. As an electric vehicle, specialized parts and repair costs influence premiums. Your driving record, credit score and coverage selections impact what you pay, along with your location and age.
How can I lower Hyundai Ioniq insurance costs?
Compare quotes from several insurers since Ioniq 5 pricing differs between companies, and explore usage-based programs that monitor your driving behavior. Claim available discounts, bundle with home or renters insurance and maintain a clean driving record to secure better rates.
How We Determined Hyundai Ioniq Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate Hyundai Ioniq insurance costs. We use data for the Ioniq 5.
Who We Based These Rates On
These Hyundai Ioniq 5 rates reflect what an average driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score is 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 Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.