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Car insurance for the Hyundai Ioniq 5 costs an average of $197 per month. That’s 21% more than the national average for all vehicles.
USAA has the most affordable Ioniq 5 rates, at $99 per month. State Farm also has some of the lowest rates, at $110 per month.
Expensive repair costs and a higher vehicle weight increase the cost of Ioniq 5 car insurance.
How much you pay for car insurance depends on the policy you choose. Liability-only coverage is often the cheapest option. It covers injuries and damages you cause to others in an accident, but not you or your vehicle.
Full coverage is more expensive, but it adds comprehensive and collision coverage for you and your car. Comprehensive insurance covers theft, vandalism, weather damage, and other non-crash events. If you hit another vehicle or object, that’s when collision insurance kicks in.
Here’s how Ioniq 5 rates break down by policy type compared to the average for all other vehicles, according to Compare.com data.
Vehicle  | Average Monthly Premium: Liability | Average Monthly Premium: Full Coverage | Average Monthly Premium: All Policies |
|---|---|---|---|
| Hyundai Ioniq 5 | $153 | $241 | $197 |
| All vehicles | $113 | $212 | $163 |
The average full-coverage policy costs Ioniq 5 drivers $241 per month. Liability insurance is cheaper, averaging $153 per month. But both coverage types cost significantly more for the Ioniq 5 than or other vehicles.
Your actual insurance rate varies based on several factors, including your age, driving record, location, and credit history.
You’ll often find major price differences between insurance companies, even when comparing the same coverage. Every insurer considers risk differently and has its own method for calculating rates. Some companies even offer specific discounts for electric vehicles (EVs) like the Ioniq 5.
The table below lists the cheapest insurers for the Ioniq 5, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| USAA | $99 |
| State Farm | $110 |
| Allstate | $140 |
| American Family | $150 |
| GEICO | $154 |
| AAA | $168 |
| Nationwide | $181 |
| Progressive | $185 |
| Travelers | $189 |
| Farmers | $214 |
| Liberty Mutual | $255 |
| Amica | $482 |
We analyzed the three cheapest insurers for the Ioniq 5 coverage to find out what sets them apart.
| User Reviews | 4.3 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
USAA's score | Industry average | |
|---|---|---|
| Coverage options | 4.8 | 3.2 |
| Customer service | 4.4 | 3.6 |
| Discounts | 4.9 | 2.9 |
| Policy transparency | 4.9 | 3.1 |
| Value | 4.9 | 2.9 |
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
USAA comes out on top for affordability, with rates for the Ioniq 5 that are nearly half of the national average. You can get military-specific coverage and discounts, plus added peace of mind from the company’s financial strength rating.
USAA also offers the SafePilot and SafePilot Miles telematics programs to help lower your premiums even more.
Members-only benefits and discounts
Superior AM Best financial strength rating
No EV discounts
Available only to military members and eligible family
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
State Farm's score | Industry average | |
|---|---|---|
| Coverage options | 4.4 | 3.2 |
| Customer service | 4.4 | 3.6 |
| Discounts | 4.3 | 2.9 |
| Policy transparency | 4.3 | 3.1 |
| Value | 4.2 | 2.9 |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
State Farm has a large network of agents throughout the U.S., so you’ll likely find one in your community. The company gets high marks for customer satisfaction and has a solid reputation for handling claims.[1]
You’ll also find plenty of discounts, including extra savings when bundling your Ioniq 5 coverage with home, condo, renters, or life insurance.
Above-average customer satisfaction[2]
Agents available nationwide
Rates vary significantly by state
Gap insurance not available
| User Reviews | 3.5 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Allstate's score | Industry average | |
|---|---|---|
| Coverage options | 4.1 | 3.2 |
| Customer service | 4.0 | 3.6 |
| Discounts | 4.4 | 2.9 |
| Policy transparency | 4.1 | 3.1 |
| Value | 3.9 | 2.9 |
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Allstate has EV perks that cater to Ioniq 5 owners. The company offers protection for your home charger, plus its roadside assistance plans can help if your battery dies. You can also get discounts for EV chargers and installation.
And if you add accident forgiveness, one accident won’t raise your rates when it’s time to renew your policy.
Insures your at-home charging station
Roadside help includes EV battery charging
Fewer ways to customize your policy
Below-average customer satisfaction ratings
Compare quotes for your Ioniq 5, starting at $99 per month.
The Hyundai Ioniq has been around for only a handful of years. But the specific model year of your car can still affect how much you pay for coverage.
Here’s a look at average Ioniq 5 insurance costs by model year, based on our data.
Ioniq 5 Model Year | Average Monthly Premium |
|---|---|
| 2026 | $236 |
| 2025 | $238 |
| 2024 | $238 |
| 2023 | $237 |
| 2022 | $237 |
Company | Average Monthly Premium |
|---|---|
| USAA | $119 |
| State Farm | $132 |
| Allstate | $168 |
| GEICO | $185 |
| AAA | $201 |
Company | Average Monthly Premium |
|---|---|
| USAA | $120 |
| State Farm | $133 |
| Allstate | $169 |
| GEICO | $186 |
| AAA | $203 |
Company | Average Monthly Premium |
|---|---|
| USAA | $120 |
| State Farm | $133 |
| Allstate | $169 |
| GEICO | $186 |
| AAA | $203 |
Company | Average Monthly Premium |
|---|---|
| USAA | $119 |
| State Farm | $132 |
| Allstate | $169 |
| GEICO | $185 |
| AAA | $202 |
Company | Average Monthly Premium |
|---|---|
| USAA | $119 |
| State Farm | $132 |
| Allstate | $169 |
| GEICO | $185 |
| AAA | $202 |
Where you live also affects your Ioniq 5 insurance costs. Your state’s required coverage minimums, local repair costs, weather patterns, and insurance fraud in your area all influence what you pay. For example, urban areas with heavier traffic and higher accident rates typically have higher premiums than rural areas.
Here’s what Ioniq 5 owners pay, on average, each month across different states, according to Compare.com data.
State | Average Monthly Premium |
|---|---|
| Alabama | $163 |
| Arizona | $173 |
| Arkansas | $187 |
| California | $212 |
| Colorado | $212 |
| Connecticut | $293 |
| Delaware | $246 |
| Florida | $229 |
| Georgia | $263 |
| Hawaii | $130 |
| Idaho | $108 |
| Illinois | $163 |
| Indiana | $134 |
| Iowa | $111 |
| Kansas | $153 |
| Kentucky | $204 |
| Louisiana | $220 |
| Maine | $144 |
| Maryland | $313 |
| Massachusetts | $155 |
| Michigan | $237 |
| Minnesota | $179 |
| Mississippi | $155 |
| Missouri | $187 |
| Montana | $154 |
| Nebraska | $148 |
| Nevada | $261 |
| New Hampshire | $90 |
| New Jersey | $278 |
| New Mexico | $149 |
| New York | $227 |
| North Carolina | $91 |
| North Dakota | $120 |
| Ohio | $127 |
| Oklahoma | $177 |
| Oregon | $157 |
| Pennsylvania | $166 |
| Rhode Island | $227 |
| South Carolina | $252 |
| South Dakota | $142 |
| Tennessee | $147 |
| Texas | $226 |
| Utah | $155 |
| Vermont | $148 |
| Virginia | $184 |
| Washington | $175 |
| District of Columbia | $324 |
| West Virginia | $152 |
| Wisconsin | $125 |
| Wyoming | $116 |
Age is another major factor that affects your Ioniq 5 insurance rates. Teen drivers ages 16 to 19 are more likely to be in an accident than any other age group.[3] Because of that increased risk, insurers charge higher premiums to young drivers.
But as you gain experience behind the wheel, you’ll typically see your rates drop significantly. Seniors have the lowest car insurance rates of any age group.
The table below shows how average rates change for Ioniq 5 owners as they get older, according to Compare.com data.
Age Group | Average Monthly Premium |
|---|---|
| Teens | $378 |
| Adults | $197 |
| Seniors | $169 |
Teens and drivers younger than 25 pay more for car insurance because they’re more likely to speed and cause accidents. You typically start seeing your rates drop around age 25, but many people see decreases even earlier as they build a clean driving record.
Here’s a look at average rates for Ioniq 5 owners younger than 25 from some of the cheapest insurance companies, according to our data.
Category | Price |
|---|---|
| USAA | $158 |
| State Farm | $176 |
| Allstate | $224 |
| GEICO | $246 |
| AAA | $269 |
Senior drivers typically enjoy lower Ioniq 5 insurance rates because they tend to be more cautious behind the wheel. After all, drivers older than 55 are more likely to obey speed limits, follow traffic rules, and avoid risky situations like rush-hour traffic or poor weather.[4] [5]
Many retirees also drive fewer miles than they did during their working years, which reduces their risk of accidents. Even with these benefits, seniors can still find ways to get even better rates.
The chart below shows some of the cheapest companies for senior Ioniq 5 owners, according to our research.
Category | Price |
|---|---|
| USAA | $84 |
| State Farm | $94 |
| Allstate | $119 |
| GEICO | $131 |
| AAA | $143 |
Your driving record significantly affects your Ioniq 5 insurance costs — potentially more than any other factor. That’s because insurance companies set premiums based on how likely you are to file future claims. Tickets and crashes on your driving record signal a higher risk to insurers, which means higher rates.[6]
Here’s how average rates change for the Ioniq 5 by driving record, according to Compare.com research.
Driving Record | Average Monthly Premium |
|---|---|
| Clean record | $197 |
| Speeding ticket | $264 |
| At-fault accident | $282 |
| DUI | $331 |
Speeding tickets raise your insurance rates because they indicate risky driving that could lead to future claims. Speeding makes you more likely to get into an accident, and that costs insurance companies a lot of money.[7]
The severity matters, too. Tickets for excessive speeding typically stay on your record longer and cost more than minor violations. Some insurance companies are more forgiving than others when it comes to speeding tickets, which is why shopping around can pay off.
Here’s an overview of the cheapest insurers for Ioniq 5 owners with a ticket, according to our data.
Category | Price |
|---|---|
| USAA | $128 |
| State Farm | $137 |
| Allstate | $182 |
| AAA | $205 |
| GEICO | $206 |
An at-fault accident can really bump up your insurance rates. After all, if you’ve caused one accident, you’re more likely to cause another in the future.
That said, the specific rate increase and the length it stays on your record largely vary by company.
The chart below highlights the five cheapest car insurance companies for Ioniq 5 owners after an at-fault accident, according to Compare.com research.
Category | Price |
|---|---|
| USAA | $129 |
| State Farm | $140 |
| Allstate | $182 |
| GEICO | $186 |
| AAA | $246 |
A driving under the influence (DUI) conviction is one of the most serious violations you can have on your record, and it’ll have a major effect on your insurance rates. Drunk driving makes you a high-risk driver, and insurance companies charge higher rates accordingly.
But you still may be able to find affordable coverage with the right company.
With that in mind, here are the five cheapest insurers for Ioniq 5 owners with a DUI, according to data from Compare.com.
Category | Price |
|---|---|
| USAA | $145 |
| State Farm | $161 |
| Allstate | $205 |
| GEICO | $210 |
| AAA | $246 |
Your Ioniq 5 has features that affect your insurance rates. Here are a few that can influence how much you pay:
High sticker price: The 2026 Hyundai Ioniq 5 is cheaper than the 2025 model, but it’s still pricey, with an average manufacturer’s suggested retail price of about $44,000 across trim levels.
Expensive repairs: As an EV, the Ioniq costs more to repair than traditional gas vehicles.
Vehicle weight: The Ioniq 5 weighs 600 to 1,200 pounds more than typical compact SUVs. Heavier vehicles often cause more expensive damage.
Safety features: The Ioniq 5 was a Top Safety Pick+ by the Insurance Institute for Highway Safety (IIHS) from 2022 to 2025.[8]
Theft risk: While the Ioniq 5 doesn’t appear on the 2024 most-stolen vehicle list from the National Insurance Crime Bureau (NICB), other Hyundai models topped the list.[9]
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Here are a few tips to help you cut your Ioniq 5 insurance costs without compromising protection:
Stack EV-specific and bundling discounts. Get quotes from insurers that offer EV discounts. Then bundle your auto coverage with homeowners or renters insurance.
Tell your insurer about safety features. Let your insurance agent know about the Ioniq 5’s safety features to qualify for additional savings.
Consider telematics programs. If you have safe driving habits, you can save money by signing up for a telematics program like Allstate’s Drivewise or State Farm’s Drive Safe & Save.
Shop around. Rates change all the time. Comparing car insurance quotes at least once per year can help you find the best deal.
Find the coverage you need for your Ioniq 5 at the best price.
If you have questions about insuring your Ioniq 5, we’re here to help. Here are the answers to some of the most common questions from Ioniq 5 owners about their car insurance.
Yes. The average monthly rate for an Ioniq 5 is $197, according to Compare.com data. That’s quite a bit more than the national average for all vehicles of $163 per month.
USAA offers the lowest average rates for the Hyundai Ioniq 5, at $119 per month, according to Compare.com data. But you can get USAA coverage only if you’re a member of the military community. State Farm and Allstate are more widely available affordable options, at $132 and $168 per month, respectively.
Car insurance for the 2025 Ioniq 5 costs an average of $238 per month, according to Compare.com data. On average, full coverage for the Ioniq averages $291 per month, and liability-only averages $185.
The Tucson is the cheapest Hyundai model to insure, at an average of $176 per month, according to Compare.com data.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
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