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HYUNDAI IONIQ 5 Car Insurance

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The Hyundai Ioniq 5 is an electric SUV with retro-futuristic styling, offering generous range and fast charging. Designed for urban, tech-savvy drivers, it combines a spacious interior, advanced technology, and a shift toward more eco-friendly driving.

HYUNDAI IONIQ 5 CAR INSURANCE RATES OVER THE LAST 5 YEARS.

From 2021 to 2026, premiums for the Hyundai Ioniq 5 rise sharply from $1122 to a peak of $2171 in 2024, before easing slightly to $2071 in 2025 and $1910 in 2026. This evolution reflects growing EV adoption and a gradual stabilization of insurance costs.

To find the best insurance for your HYUNDAI IONIQ 5 vehicle, it is more important than ever to compare the available options.

How much does insurance for your HYUNDAI IONIQ 5 cost in Quebec?

Premiums are highest in Montreal ($2785), Laval ($2217), and Terrebonne ($2155), while Brossard ($1479) and Repentigny ($1590) show the lowest amounts. The gap between the priciest and most affordable cities exceeds $1300.

To get the exact cost for your situation, the best approach is to compare offers from several insurers. Using our Clicassure comparison tool, you can easily find the best premium tailored to your needs.

City Average price over the last 12 months
BROSSARD $1478.87
DRUMMONDVILLE $1775.74
GATINEAU $2052.03
LAVAL $2217.45
LÉVIS $1698.72
LONGUEUIL $1782.85
MONTRÉAL $2784.50
QUÉBEC $1697.91
REPENTIGNY $1590.11
Saguenay $1912.60
SAINT-JEAN-SUR-RICHELIEU $1915.19
SAINT-JÉRÔME $2130.69
SHERBROOKE $1690.28
TERREBONNE $2154.65
TROIS-RIVIÈRES $1631.54

Frequently asked questions (FAQ)

How much does insurance cost for a Hyundai Ioniq 5?
The average premium for the Hyundai Ioniq 5 reached $1910 in 2026, following a peak of $2171 in 2024. Costs vary by city and driver profile.
Is auto insurance mandatory in Quebec?
Yes. In Quebec, minimum civil liability coverage of $50,000 is mandatory for any road vehicle driven on public roads.
Why has the Ioniq 5 premium declined since 2024?
After peaking at $2171 in 2024, the average premium dropped to $2071 in 2025 and $1910 in 2026, likely due to improved parts availability and growing competition among insurers in the EV segment.
Which city offers the lowest insurance cost for the Ioniq 5?
Based on the data provided, Brossard ($1479) and Repentigny ($1590) post the lowest average premiums for this model.
Why does Montreal show the highest premium for this vehicle?
At $2785, Montreal stands well above other cities, a gap linked to urban density and claim frequency associated with higher-end electric vehicles.
Do electric vehicles cost more to insure?
Often yes, due to high parts costs and specialized labor. The Ioniq 5's pricing reflects this trend, despite the slight decrease seen since 2024.
How can I lower my premium for a Hyundai Ioniq 5?
Comparing quotes from several insurers and considering a lower-risk city or profile can meaningfully reduce costs, as the gap between Montreal and Brossard exceeds $1300.

Offers received by our customers on HYUNDAI IONIQ 5 cars

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Methodology

To guarantee you the best possible information, the data presented on this page is based on the following rigorous criteria :

  • Analysis period: Our analyses are based solely on insurance submissions collected over the millions of submissions in recent years, thus guaranteeing the relevance of our comparisons.
  • Real-world comparisons: We only use data from insurance submissions that actually resulted in a sale.
  • Proven savings: The results presented only reflect cases where the user has saved money thanks to our comparison tool.
  • Last updated: 07/09/2026