Find and compare cheap insurance quotes

HYUNDAI IONIQ 5 2024 Car Insurance

View offers received by our clients for their HYUNDAI IONIQ 5 2024 car insurance

Click here to save on your car insurance

The 2024 Hyundai IONIQ 5 is an electric crossover with futuristic styling, offering generous range and fast charging. Positioned as a modern alternative to gas-powered vehicles, it appeals to urban drivers seeking technological innovation and a quiet ride.

HYUNDAI IONIQ 5 2024 CAR INSURANCE RATES SINCE 2023.

Between 2023 and 2026, premiums for the 2024 IONIQ 5 fluctuate, rising from $1752 to a peak of $2246 in 2024, then decreasing to $2078 and $1890. This variation reflects evolving electric-vehicle-related costs rather than a linear trend.

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?

Premiums are highest in Montreal ($2514), Laval ($2297), and Longueuil ($2098), while Sherbrooke ($1434) and Quebec City ($1600) are the most affordable. The gap between the most expensive and most affordable city 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 $1951.78
DRUMMONDVILLE $2133.48
GATINEAU $2173.13
LAVAL $2325.02
LÉVIS $1701.93
LONGUEUIL $2193.09
MONTRÉAL $2746.82
QUÉBEC $1813.96
REPENTIGNY $2085.17
Saguenay $1936.87
SAINT-JEAN-SUR-RICHELIEU $2169.50
SAINT-JÉRÔME $2095.49
SHERBROOKE $1434.94
TERREBONNE $2064.70
TROIS-RIVIÈRES $1724.72

Frequently asked questions (FAQ)

How much does it cost to insure a 2024 Hyundai IONIQ 5?
The average premium for the 2024 Hyundai IONIQ 5 reached $2246 in 2024, before decreasing to $2078 in 2025 and $1890 in 2026, based on 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 drop after 2024?
The decrease from $2246 to $1890 between 2024 and 2026 may reflect improved availability of electric parts and stabilizing repair costs specific to electric vehicles.
Which city offers the lowest insurance cost for the IONIQ 5?
Based on the data provided, Sherbrooke ($1434) and Quebec City ($1600) post the lowest average premiums for this vehicle.
Why does Montreal show the highest premium?
Montreal reaches $2514, the highest premium among the provided cities, likely due to traffic density and higher claim frequency in urban areas.
Are electric vehicles more expensive to insure than gas vehicles?
Often yes, since specialized parts and labor for electric vehicles like the IONIQ 5 can be costlier to replace or repair.
How can I lower my premium for a Hyundai IONIQ 5?
Comparing quotes from several insurers and checking for electric-vehicle discounts can help secure a better price for this model.

No recent premium example was found for "HYUNDAI IONIQ 5 2024".

Be the first to complete a quote request for your car insurance

Similar brands

KIA
EV6
TESLA
MODEL
Y
FORD
MUSTANG
MACH-E
VOLKSWAGEN
ID.4

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

Explore other car insurance premiums

HYUNDAI IONIQ 5 2024 by city

Other Hyundai models