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HYUNDAI IONIQ 5 2023 Car Insurance

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The 2023 Hyundai Ioniq 5 is an electric crossover with futuristic styling and generous interior space. Built on an 800-volt architecture enabling fast charging, it appeals to urban and family drivers seeking an electric transition without sacrificing space or style.

HYUNDAI IONIQ 5 2023 CAR INSURANCE RATES OVER THE LAST 5 YEARS.

Between 2022 and 2025, premiums for the 2023 Ioniq 5 rise steadily from $1414 to $1921, before decreasing to $1755 in 2026. This recent drop may reflect stabilizing repair costs or improved parts availability for this electric vehicle.

To find the best insurance for your HYUNDAI IONIQ 5 2023 vehicle, it is more important than ever to compare the available options.

How much does insurance for your HYUNDAI IONIQ 5 2023 cost in Quebec?

Montreal ($2775) and Drummondville ($2340) show the highest premiums for the Ioniq 5, while Saint-Jean-sur-Richelieu ($1162) and Brossard ($1347) rank among the most affordable. Data for Longueuil and Trois-Rivières appear incomplete in the provided sample.

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 $1347.47
DRUMMONDVILLE $2339.71
GATINEAU $1435.84
LAVAL $1942.55
LÉVIS $1382.69
LONGUEUIL $0
MONTRÉAL $2775.02
QUÉBEC $1651.43
REPENTIGNY $1744.6
Saguenay $1818.12
SAINT-JEAN-SUR-RICHELIEU $1162.27
SAINT-JÉRÔME $1682.30
SHERBROOKE $1763.13
TERREBONNE $1493.36
TROIS-RIVIÈRES $0

Frequently asked questions (FAQ)

How much does auto insurance cost for a 2023 Hyundai Ioniq 5?
The average premium for the 2023 Ioniq 5 varies by year, ranging from $1414 in 2022 to $1921 in 2025, then $1755 in 2026 based on the latest available data.
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 did the Ioniq 5 premium decrease in 2026?
After reaching $1921 in 2025, the average premium fell to $1755 in 2026, possibly reflecting improved parts availability or stabilizing repair costs for electric vehicles.
Which cities have the highest insurance costs for the Ioniq 5?
Based on the provided data, Montreal ($2775) and Drummondville ($2340) show the highest average premiums for this model.
Where is the Ioniq 5 cheapest to insure?
Saint-Jean-sur-Richelieu ($1162) and Brossard ($1347) post the lowest average premiums among the cities provided.
Do electric vehicles like the Ioniq 5 cost more to insure?
Specialized parts and labor costs for electric vehicles can influence premiums, but the overall difference mainly depends on the driver's profile and city of residence.
How can I lower my premium for an Ioniq 5?
Comparing quotes from several insurers and checking eligibility for electric-vehicle or safe-driving discounts can help reduce the overall cost.

Offers received by our customers on HYUNDAI IONIQ 5 2023 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