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2024 Hyundai Ioniq 5: Insurance & Ownership Costs

Quick Answer

The 2024 Hyundai Ioniq 5 costs an average of $263/month to insure (full coverage). 5-year total cost of ownership: $51,750 ($863/month).

✓ Updated March 2026✓ Based on state insurance filings

MSRP

$41,800

Avg Insurance

$263/mo

kWh/100mi

29

Safety Rating

5/5

Hyundai Ioniq 5 Insurance by State

StateFull CoverageMonthly
Alabama$2,425/yr$202/moDetails →
Alaska$2,282/yr$190/moDetails →
Arizona$2,750/yr$229/moDetails →
Arkansas$2,489/yr$207/moDetails →
California$3,093/yr$258/moDetails →
Colorado$2,781/yr$232/moDetails →
Connecticut$3,188/yr$266/moDetails →
Delaware$2,796/yr$233/moDetails →
Florida$5,051/yr$421/moDetails →
Georgia$3,181/yr$265/moDetails →

These are estimates based on state averages. Your exact rate depends on your specific profile.

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5-Year Total Cost of Ownership

Depreciation

$23,408

Insurance

$15,780

Fuel

$2,762

Maintenance

$2,360

Financing

$7,080

Registration

$360

5-Year Total Cost

$51,750

$863/month | $1/mile

See Full Cost Breakdown →