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HYUNDAI IONIQ 5 2023 Car Insurance

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The 2023 Hyundai Ioniq 5 is a compact electric vehicle with retro-futuristic styling and generous interior space. Designed for both city driving and longer trips, it appeals to buyers seeking a modern, tech-forward electric transition.

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

From 2022 to 2025, premiums for the 2023 Ioniq 5 rise sharply, moving from $1414 to $1921, before easing slightly to $1791 in 2026. This reflects the initial cost increases tied to electric vehicles, followed by a modest stabilization.

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?

The highest premium is seen in Montreal ($3078), followed by Drummondville ($2340) and Laval ($1943), while Terrebonne ($1287), Brossard ($1347), and Lévis ($1383) show the lowest amounts. The gap between these cities exceeds $1700, illustrating significant geographic variation for this electric model.

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 $2327.71
LÉVIS $1382.69
MONTRÉAL $2837.76
QUÉBEC $1760.90
REPENTIGNY $1817.05
Saguenay $1818.12
SAINT-JEAN-SUR-RICHELIEU $1681.00
SAINT-JÉRÔME $1682.30
SHERBROOKE $1763.13
TERREBONNE $1287.08

Frequently asked questions (FAQ)

How much does it cost to insure a 2023 Hyundai Ioniq 5?
The average premium for the 2023 Ioniq 5 reached $1921 in 2025, up from $1414 in 2022. In 2026, it eases slightly to $1791.
Has the Ioniq 5 2023 premium changed a lot since 2022?
Yes. The average premium rose from $1414 in 2022 to $1921 in 2025 — a significant increase — before easing to $1791 in 2026, suggesting a recent stabilization.
Which city has the highest insurance cost for a 2023 Ioniq 5?
Montreal shows the highest average premium at $3078, well above cities like Terrebonne ($1287) or Brossard ($1347).
Why do electric vehicles like the Ioniq 5 sometimes cost more to insure?
High parts costs, specialized repair requirements, and battery replacement value all contribute to often higher premiums for electric vehicles.
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, including electric vehicles.
How can I lower the insurance premium on a 2023 Ioniq 5?
Comparing quotes from multiple insurers and checking for electric-vehicle-specific programs can help reduce the premium gap seen between cities, notably between Montreal ($3078) and more affordable regions.

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: 08/14/2026

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