Kia K5 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Kia K5 costs more than most other cars to insure.

• Full coverage for a K5 usually runs around $214 per month, while liability only auto insurance rates run about $93 monthly.

• The lowest insurance company for a K5 is Hugo, who offers K5 owners premiums as low as just $32 a month.

K5 Overview

Coming in with a base MSRP of $23,690 for 2022 models, the Kia K5 is a great car for drivers on a budget. With five different trim levels currently offered, there's an option for every driver.

We combed through thousands of car insurance quotes on Compare.com, and we've determined that average Kia K5 auto insurance prices run around $185 per month. But how does that stack up to other similar cars out there on the market?

How Much is Car Insurance for a Kia K5?

In the table above, you'll see that compared to other vehicles, Kia K5 insurance premiums are more expensive than average. On average, K5 drivers can expect to pay about $93 monthly for liability insurance, and around $214 per month for full coverage, which has comprehensive and collision coverages in addition to liability (learn more about these different types of insurance with our guide "State Minimum vs. Full Coverage").

Comparing it to other Kia models, the K5 is more expensive, with rates more than 10% higher than the rest of the manufacturer's vehicle offerings. Compared to offerings from other brands, insurance for a K5 is similarly on the expensive side, with liability only insurance prices coming in about 12% more and 21% more for full coverage.

Overall, they're just more expensive to insure than the average vehicle, no matter which model, make, or body style you compare it to.

Who has the Cheapest Car Insurance for a Kia K5?

If you're searching for a new car insurance policy for your Kia K5, you may be most interested in which carrier offers the most affordable rates. Although costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $32 per month from Hugo. With car insurance as little as just $42 monthly, Aspire is the next cheapest car insurance company.

Rounding out the list are Sun Coast, Shelter Mutual, and Clearcover. That being said, just because these five carriers offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Kia K5.

Auto insurance companies take multiple different factors into consideration when calculating monthly premiums. By reviewing quotes from a whole bunch of auto insurance carriers at once, you can rest easy knowing that you're finding the most affordable rate.

What Factors Affect Car Insurance Rates for a Kia K5?

As we mentioned above, there are a bunch of things that car insurance companies use to decide how much they charge for a policy -- and each carrier weighs certain pieces more than others, so there's not a single company that's the lowest for every driver.

The sections below show a whole range of variables insurance carriers use to calculate rates:

Vehicle Age

Since the Kia K5 has only been around for one model year, vehicle age won't come into play the same way it might for other vehicles. Typically, it costs more to insure newer cars because they're worth more, but as they get older, insurance costs will gradually go down.

Based on the information in the above table, K5 rates are normally around $93 a month.

Your Age

How old you are makes a big difference in how much you pay for auto insurance. Because the Kia K5 is pretty new to the market, we're just starting to collect data on how age is affecting car insurance prices. So far, based on the table above, drivers who are under 24 have more expensive premiums than drivers who have more experience. In this case, drivers aged 18 to 24 pay $33 more than those 25 or older.

Insurance prices continue to decrease as you get older, with drivers aged 65 years and older making up the cheapest age group for the K5.

Your Gender

Did you know men tend to pay more for insurance than women? This is because women are less likely to get tickets and get into collisions, which lowers the chances of an insurance claim. When it comes to K5 drivers specifically, women pay about 3% less than men monthly for car insurance.

Where You Live

You may already know that things such as how old you are and what vehicle you drive play a role in your insurance rates, but you may not realize that where you live can be just as important. Since auto insurance is regulated on the state level and not nationally, prices vary quite a bit from state to state.

Because the K5 is a relatively new vehicle, our state data is somewhat limited. Even so, you can see in the table above that New York has rates that are more expensive than anywhere else. The chart above shows average premiums for the top 10 most populous states, just to give you a good idea of how much rates can change from state to state.

Kia K5 Car Insurance Discounts

No matter your car, your home state, or your age, it's always important to take advantage of as many insurance discounts as possible when shopping around for a new policy.

While no two auto insurance companies offer the same exact discounts, there are a few that you'll find with most insurers. These include things like:

• Defensive driving discounts for taking a defensive driving class through an accredited school or institution
• Multi-car discounts for having several vehicles on your auto policy
• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings
• Multi-policy discounts for bundling your home and auto policies with the same insurance carrier

But these aren't the only discounts car insurance carriers offer to their customers. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like not having recent insurance claims, avoiding lapses in coverage, and driving safely.

Even though you may not be able to control every factor auto insurance carriers examine to calculate prices (like some of the ones mentioned above), you do have a say over some of them. Below are just a few of the variables you can use to your advantage in order to save on car insurance:

Your Driving Record

It's no secret that insurance companies offer the cheapest premiums to drivers with clean records. It makes sense that if you get cited for speeding or get into a collision, car insurance rates will go higher. But exactly how much can these infractions cost you?

Unfortunately, we don't have enough data on file for Kia K5 drivers specifically, since it is a relatively new vehicle. However, we'll have a better idea of how much infractions will cost K5 owners when it comes to auto insurance as we see more and more of these on the road.

How Much You Drive

The amount of miles you drive annually affects your insurance premiums. Those who drive less are less likely to get into accidents, so they'll generally end up spending less on auto insurance. Since the Kia K5 is a new vehicle, our data is relatively limited, so we don't yet know how much annual driving distance will affect prices. So far, the most expensive rates are offered to drivers who drive 2,501 - 5,000 miles every year.

If you don't use your Kia K5 that often, it may be worth considering pay-per-mile or usage-based insurance. With these kinds of coverage, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

How Do Kia K5s Compare to Other Vehicles?

If you're thinking about buying a new vehicle and a Kia K5 is on your shortlist, you're probably wondering how it compares to other vehicles. Car insurance is just one cost that's associated with a new car purchase, but it's certainly one that's worth considering carefully.

Review the table below to see how the Kia K5 stacks up:

As you can see, a Kia K5 is a great value when it comes to overall price tag. While the national average vehicle MSRP is $42,283, the K5 starts at just $23,690.

Although the K5's price is on the low end of the spectrum, car insurance rates run slightly above average when compared to the rest of the vehicle market. Liability insurance for a Kia K5 is around $4 per month less than average, while full coverage is $17 more a month.

However, it is worth noting that the K5 owners tend to drive their cars less than the average American driver, with only 9,241 annual miles for the average owner.

Kia K5 Car Insurance Costs by Model Year

We've gone over many of the factors that can affect how much you might pay for auto insurance. If you're considering buying a new vehicle and the K5 is one you're thinking about, having a good idea of exactly what you'll pay can be extremely helpful as you weigh your choices and compare it to other vehicles on your shortlist.

So we've broken down Kia K5 insurance premiums by model year. Choose a specific K5 model year in the dropdown below and see average rates for both liability only and full coverage. We've included some additional information you might find helpful, too, such as base price, cheapest insurance company, and even available trims for each year the K5 has been around.

2022 Kia K5 Car Insurance

It costs about $77 per month for liability or $186 for a full coverage policy for the 2022 Kia K5.

Aspire has prices as little as $36 a month for the 2022 Kia K5.

If you want to know exactly how much you can expect to pay for your K5, just enter your ZIP code below and get free quotes in minutes.

2021 Kia K5 Car Insurance

2021 K5 drivers can expect to pay an average of $95 per month for liability or $218 for full coverage.

Looking for the most affordable policy? Hugo offered liability only coverage for sometimes as cheap as $24 monthly.

If you want to find the best premiums for car insurance for a 2021 Kia K5, enter your ZIP code below and compare quite a few personalized quotes in just a few minutes.

Kia K5 Insurance FAQs

Is a Kia K5 expensive to insure?

When compared to the national average of all cars, prices come in on the more expensive end of the spectrum. Liability insurance runs an average of $93 per month, while full coverage will cost you around $214.

How can I get the best price on car insurance for my Kia K5?

There's only one way to be confident you're getting the cheapest rates -- regularly shopping around and getting quotes. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from a lot of carriers at once, meaning you can find the most affordable rates (or guarantee you already have the best deal) for free.

Does the color of my Kia K5 affect my insurance prices?

You've probably heard the old adage that it costs more to insure a red car, but that's actually not the case. While there are multiple things auto insurance companies look at when they calculate your rates, the color of your vehicle is not factored into that equation.

Do I need to have insurance before I buy a Kia K5?

You'll need to have valid insurance for your car before you can legally drive your it off the dealership lot. Some dealerships will offer you one during the purchase process, but the best thing to do when buying a a new car is to talk with your car insurance carrier before you buy.

What car insurance discounts can I get for my Kia K5?

You will find a multitude of different discounts out there for auto insurance. Many of them (like "safe driver discounts" and "pay-in-full discounts") are more based on you than the Kia K5 you drive, but if your K5 has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may qualify for certain discounts. The only way to find out which discounts you might get is to contact your insurance company and ask about their discounts, since they change quite a bit from company to company.