Hyundai Ioniq 5 Insurance: by Model Year & Company
Hyundai Ioniq 5 insurance costs an average of $1,255 for a 6-month full coverage policy. Progressive offers the cheapest rate for the latest Hyundai Ioniq 5 at $146/mo or $877 for a 6-month full coverage policy.
- Shopping around? Use our calculator to compare average insurance rates by vehicle.
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What to know about insuring a Hyundai Ioniq 5:
- The Ioniq 5 costs more to insure than most SUVs. Averaging $209/mo for the Ioniq 5 versus $184/mo for typical SUVs.
- If you're considering a vehicle similar to the Ioniq 5, like the Hyundai Ioniq Hybrid ($180/mo), Hyundai Ioniq 6 ($229/mo), or Hyundai Ioniq Electric ($169/mo), your insurance costs will be about the same.
- Progressive ($151/mo), GEICO ($162/mo), Erie ($169/mo) offer the cheapest full coverage rates.
The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.
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Cheapest Companies
2025 Hyundai Ioniq 5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,753 |
| Nationwide |
$2,018 |
| GEICO |
$2,038 |
| USAA |
$2,090 |
| Erie |
$2,156 |
| American Family |
$2,432 |
| State Farm |
$2,653 |
| Farmers |
$3,379 |
| Allstate |
$5,122 |
Compare all 2025 Hyundai Ioniq 5 insurance rates.
Average Cost to Insure Per Year
$2,6042024 Hyundai Ioniq 5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,888 |
| GEICO |
$1,969 |
| Nationwide |
$2,062 |
| Erie |
$2,073 |
| USAA |
$2,079 |
| American Family |
$2,344 |
| State Farm |
$2,566 |
| Farmers |
$3,248 |
| Allstate |
$4,823 |
Compare all 2024 Hyundai Ioniq 5 insurance rates.
Average Cost to Insure Per Year
$2,5452023 Hyundai Ioniq 5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,783 |
| GEICO |
$1,896 |
| Erie |
$1,951 |
| USAA |
$2,069 |
| Nationwide |
$2,132 |
| American Family |
$2,261 |
| State Farm |
$2,413 |
| Farmers |
$3,108 |
| Allstate |
$3,691 |
Compare all 2023 Hyundai Ioniq 5 insurance rates.
Average Cost to Insure Per Year
$2,3302022 Hyundai Ioniq 5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,830 |
| GEICO |
$1,865 |
| Erie |
$1,945 |
| USAA |
$2,030 |
| American Family |
$2,244 |
| State Farm |
$2,404 |
| Nationwide |
$2,501 |
| Farmers |
$3,105 |
| Allstate |
$4,427 |