Cheap Hyundai IONIQ 5 Car Insurance in 2024 (Big Savings With These 10 Companies!)
Progressive, USAA, and State Farm are our leading providers of affordable and cheap Hyundai IONIQ 5 car insurance, beginning at $76 per month. These companies focus on offering extensive coverage options to guarantee dependable protection and assurance for their customers' driving needs.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Jul 18, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jul 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Min. Coverage for Hyundai IONIQ 5
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17,759 reviews
Progressive is well-known for its cost-effective and cheap Hyundai IONIQ 5 car insurance, with competitive pricing starting at just $76 per month for basic coverage.
In collaboration with USAA and State Farm, these insurers provide affordable and comprehensive auto insurance policies focused on customer satisfaction and reliable coverage.
Our Top 10 Company Picks: Cheap Hyundai IONIQ 5 Car Insurance
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $76 A+ Electric Discounts Progressive
#2 $80 A++ Military Families USAA
#3 $85 B EV Expertise State Farm
#4 $89 A+ Green Vehicle Allstate
#5 $94 A Custom Options Farmers
#6 $98 A+ Vanishing Deductible Nationwide
#7 $102 A Telematics Program Liberty Mutual
#8 $107 A++ Competitive Rates Travelers
#9 $112 A+ Customer Satisfaction Amica
#10 $118 A+ AARP Discount The Hartford
Are you considering purchasing a Hyundai IONIQ 5 and wondering about the cost of car insurance? You’ve come to the right place. In this article, we’ll overview factors that influence Hyundai IONIQ 5 car insurance rates, the different types of car insurance coverage available, and how to qualify for the best electric vehicle (EV) car insurance discounts. Enter your ZIP code now.
- Progressive offers liability protection starting from just $76 per month
- Discover affordable auto insurance solutions that maintain high quality
- Count on us to secure the most budget-friendly car insurance policy available
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#1 – Progressive: Top Overall Pick
Pros
- Competitive Pricing: Progressive offers one of the lowest premiums among the listed providers, starting at $76 per month. Read more through our Progressive insurance review.
- Discounts: Provides a variety of discounts such as multi-policy, safe driver, and good student discounts, helping to reduce overall costs.
- Customer Service: Positive reputation for customer service, with accessible support options through various channels.
Cons
- Rate Increases: Rates may increase significantly after the initial term or due to factors like claims history and changes in driving record.
- Complex Claims Process: Some customers report a more complex claims process compared to other insurers, potentially leading to longer resolution times.
#2 – USAA: Best for Military Families
Pros
- Specialized Service: Exclusive to military members, veterans, and their families, offering tailored service and benefits.
- High Customer Satisfaction: Highly rated for customer satisfaction and claims handling, reflecting strong support for military personnel.
- Competitive Pricing: Offers competitive premiums considering the specialized service provided.
Cons
- Limited Eligibility: Only available to military-affiliated individuals and their families, restricting access to a broader audience. Read more through our USAA insurance review.
- Geographical Limitations: USAA may have limited availability in certain regions, which could affect accessibility to their policies and services.
#3 – State Farm: Best for EV Expertise
Pros
- Extensive Agent Network: Offers personalized service through a large network of agents across the country.
- Multiple Discounts: Provides various discounts including for safe driving, vehicle safety features, and bundling policies.
- Bundling Options: Offers opportunities to save by bundling auto insurance with other State Farm policies.
Cons
- Premium Pricing: Premiums may be slightly higher compared to some competitors due to personalized service and extensive agent network.
- Claims Process: Some customers have reported delays in claims processing, which could affect customer satisfaction. Follow us through our State Farm insurance review.
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#4 – Allstate: Best for Green Vehicle
Pros
- Green Vehicle Discounts: Special discounts and coverage options tailored for eco-friendly vehicles like the Hyundai IONIQ 5. Read more through our Allstate insurance review.
- Innovative Tools: Tools like Drivewise for potential additional savings based on safe driving habits.
- Discounts: Provides discounts for bundling policies, safe driving, and vehicle safety features.
Cons
- Higher Premiums: Generally, premiums may be higher compared to some other providers.
- Customer Service: Some customers have reported mixed reviews regarding customer service experiences.
#5 – Farmers: Best for Custom Options
Pros
- Claims Satisfaction: Farmers has a good reputation for claims satisfaction and timely processing. Learn more through our Farmers insurance review.
- Additional Coverage Options: Provides additional coverage options that may be beneficial for Hyundai IONIQ 5 owners.
- Discount Opportunities: Offers various discounts such as multi-policy, good student, and affinity discounts.
Cons
- Premium Costs: Premiums may be on the higher side compared to some competitors.
- Customer Service: Some customers have reported issues with customer service responsiveness.
#6 – Nationwide: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Offers a vanishing deductible program, which reduces deductibles over time for safe driving. Read more through our Nationwide insurance review.
- Customer Resources: Offers helpful resources and tools for managing policies and understanding coverage options.
- Discounts: Various discounts available for policyholders, including for safe driving and bundling policies.
Cons
- Premium Pricing: Premiums may be higher compared to some competitors.
- Claims Experience: Some customers have reported mixed reviews regarding claims experiences.
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#7 – Liberty Mutual: Best for Telematics Program
Pros
- Telematics Program: Offers a telematics program that can lead to potential discounts based on driving behavior.
- Financial Strength: Strong financial stability, ensuring claims are handled efficiently.
- Discounts: Offers various discounts such as multi-policy, safe driving, and homeowner discounts.
Cons
- Premium Costs: Premiums may be higher compared to other insurers. Read more through our Liberty Mutual insurance review.
- Customer Service: Some customers have reported issues with customer service responsiveness and claims processing.
#8 – Travelers: Best for Competitive Rates
Pros
- Competitive Rates: Offers competitive premiums relative to the coverage provided. Learn more through our Travelers insurance review.
- Financial Stability: Strong financial stability and reliable claims handling.
- Discounts: Discounts available for safe driving, multi-policy bundling, and other factors.
Cons
- Customer Service: Mixed reviews regarding customer service experiences.
- Policy Options: Some customers may find the policy options less extensive compared to other insurers.
#9 – Amica: Best for Customer Satisfaction
Pros
- Customer Satisfaction: Amica consistently ranks high in customer satisfaction surveys, indicating strong customer service and claims handling.
- Financial Stability: Known for its financial stability, providing peace of mind that claims will be handled efficiently.
- Discounts: Offers various discounts such as loyalty discounts and bundling discounts for combining auto with home or other policies. Read more through our Amica insurance review.
Cons
- Premium Pricing: Amica’s premium of $112 per month may be higher compared to some competitors.
- Availability: Limited availability in certain regions, which may restrict access to their policies and services.
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#10 – The Hartford: Best for AARP Discount
Pros
- AARP Discount: Offers discounts and benefits for AARP members. Read more through our The Hartford insurance review.
- Financial Strength: Strong financial stability, ensuring reliable claims handling.
- Customer Service: Generally positive reviews regarding customer service and claims assistance.
Cons
- Premium Costs: Premiums may be higher compared to other insurers, especially for non-AARP members.
- Policy Options: Some customers may find fewer policy options compared to larger insurers.
Finding the Best Car Insurance Provider for Your Hyundai IONIQ 5
The Importance of Shopping Around for Hyundai IONIQ 5 Car Insurance Quotes
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Understanding the Coverage Options and Add-Ons Available for Hyundai IONIQ 5 Car Insurance Policies
In addition to the standard car insurance coverage types mentioned earlier, there may be additional coverage options and add-ons available specifically tailored for electric vehicles like the Hyundai IONIQ 5.
These can include coverage for charging station damage, coverage for electric vehicle-specific components, and roadside assistance specifically for electric vehicles.
Common Mistakes to Avoid When Insuring Your Hyundai IONIQ 5
Frequently Asked Questions
What factors affect the cost of Hyundai IONIQ 5 car insurance?
The cost of Hyundai IONIQ 5 car insurance can be influenced by various factors such as the driver’s age, location, driving history, coverage options, deductible amount, and the insurance provider’s rates.
Are Hyundai IONIQ 5 car insurance rates generally higher or lower compared to other similar vehicles?
Insurance rates for Hyundai IONIQ 5 can vary depending on the specific model, trim level, and various other factors. It is recommended to compare insurance quotes from multiple providers to determine the most suitable coverage and rates. Enter your ZIP code now.
What are some tips for obtaining affordable Hyundai IONIQ 5 car insurance?
Does the Hyundai IONIQ 5’s safety features impact insurance rates?
Yes, the safety features of the Hyundai IONIQ 5, such as advanced driver-assistance systems, collision avoidance technology, and anti-theft measures, can potentially lead to lower insurance rates as they enhance the vehicle’s safety and reduce the risk of accidents or theft.
Which insurance provider offers the lowest starting premium for Hyundai IONIQ 5 coverage?
Progressive offers the lowest starting premium for Hyundai IONIQ 5 coverage at $76 per month. Enter your ZIP code now to begin comparing.
What are some specific discounts offered by Progressive, USAA, and State Farm for Hyundai IONIQ 5 insurance?
How does Amica differentiate itself in terms of customer satisfaction and coverage options for electric vehicles?
Amica differentiates itself with consistently high customer satisfaction ratings and offers various discounts like loyalty discounts and bundling discounts for combining auto with home or other policies. They also provide comprehensive coverage options that can be customized to fit individual needs, including options for electric vehicles.
What specialized coverage options does Allstate provide for eco-friendly vehicles like the Hyundai IONIQ 5?
Allstate offers specific discounts and coverage options tailored for eco-friendly vehicles like the Hyundai IONIQ 5. They also provide innovative tools like Drivewise for potential additional savings based on safe driving habits. Enter your ZIP code now to begin.
What benefits does USAA offer exclusively to military members and their families regarding car insurance?
How does Liberty Mutual’s telematics program potentially benefit Hyundai IONIQ 5 owners in terms of insurance premiums?
Liberty Mutual’s telematics program can potentially benefit Hyundai IONIQ 5 owners by offering discounts based on driving behavior monitored through the telematics device, which can lead to lower insurance premiums.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
