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HYUNDAI IONIQ 5 2024 Car Insurance

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The 2024 Hyundai IONIQ 5 is an electric crossover with futuristic styling, offering generous range and fast charging. Designed for environmentally conscious urban drivers, it combines advanced technology, spacious interior, and forward-thinking style.

HYUNDAI IONIQ 5 2024 CAR INSURANCE RATES SINCE 2023.

Between 2023 and 2026, premiums for the 2024 IONIQ 5 fluctuate, rising from $1752 in 2023 to a peak of $2246 in 2024, then declining to $2078 in 2025 and $1867 in 2026. This variation reflects evolving repair costs specific to electric vehicles and gradual market adjustment.

To find the best insurance for your HYUNDAI IONIQ 5 2024 vehicle, it is more important than ever to compare the available options.

How much does insurance for your HYUNDAI IONIQ 5 2024 cost in Quebec?

The highest premiums are found in Montreal ($2509) and Laval ($2320), while Brossard ($1338) and Sherbrooke ($1453) show the lowest amounts. The gap between the most expensive and most affordable cities exceeds $1000.

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 $1338.20
DRUMMONDVILLE $1875.39
GATINEAU $1975.65
LAVAL $2319.63
LÉVIS $1724.75
LONGUEUIL $1946.21
MONTRÉAL $2509.46
QUÉBEC $1607.99
REPENTIGNY $1932.40
Saguenay $1990.64
SAINT-JEAN-SUR-RICHELIEU $2018.62
SAINT-JÉRÔME $2028.88
SHERBROOKE $1453.20
TERREBONNE $1933.62
TROIS-RIVIÈRES $1661.87

Frequently asked questions (FAQ)

How much does insurance cost for a 2024 Hyundai IONIQ 5?
The average premium for the 2024 Hyundai IONIQ 5 varies by year, reaching $2246 in 2024 before declining to $1867 in 2026, based on the available data.
Is auto insurance mandatory in Quebec?
Yes. In Quebec, civil liability coverage of at least $50,000 is mandatory for any road vehicle driven on public roads.
Why did the IONIQ 5 premium drop after 2024?
After peaking at $2246 in 2024, the average premium falls to $2078 in 2025 and $1867 in 2026, which may reflect insurers gaining better data on electric vehicle repair costs.
Which city offers the lowest insurance cost for the 2024 IONIQ 5?
Based on the data provided, Brossard ($1338) and Sherbrooke ($1453) post the lowest average premiums for this model.
Are electric vehicles more expensive to insure?
Often yes, due to the high cost of specialized parts and batteries. This may help explain the variations seen in IONIQ 5 premiums across years.
How can I reduce my insurance premium for an electric vehicle like the IONIQ 5?
Comparing quotes from several insurers, bundling auto and home policies, and checking for electric-vehicle discounts can help reduce the cost.

Offers received by our customers on HYUNDAI IONIQ 5 2024 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