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HYUNDAI IONIQ 5 Car Insurance

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The Hyundai Ioniq 5 is an electric SUV with futuristic styling, offering generous range and fast charging. Designed for tech-savvy urban drivers, it combines spacious interior room, advanced technology, and low daily running costs.

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

From 2021 to 2026, premiums for the Hyundai Ioniq 5 first rise sharply, moving from $1122 to a peak of $2171 in 2024, before easing to $2071 and then $1915 in 2026. This pattern reflects growing EV adoption and a gradual adjustment 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 ($2819), Terrebonne ($2160), and Saint-Jérôme ($2156), while Repentigny ($1613), Sherbrooke ($1661), and Quebec City ($1670) show the lowest amounts. The gap between Montreal and the most affordable cities remains significant.

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 $1948.34
DRUMMONDVILLE $1856.14
GATINEAU $2162.82
LAVAL $2243.30
LÉVIS $1684.68
LONGUEUIL $1903.68
MONTRÉAL $2798.59
QUÉBEC $1780.56
REPENTIGNY $1949.67
Saguenay $1876.18
SAINT-JEAN-SUR-RICHELIEU $2021.34
SAINT-JÉRÔME $1935.13
SHERBROOKE $1697.57
TERREBONNE $2230.06
TROIS-RIVIÈRES $1753.98

HYUNDAI IONIQ 5 average premium by model year

Average premium paid by our clients for each model year, over the last 5 years. Select a year to see its detailed statistics.

Model year Average premium
HYUNDAI IONIQ 5 2026 $2249.82
HYUNDAI IONIQ 5 2025 $2591.23
HYUNDAI IONIQ 5 2024 $2130.00
HYUNDAI IONIQ 5 2023 $1724.82
HYUNDAI IONIQ 5 2022 $1570.77

Frequently asked questions (FAQ)

How much does auto insurance cost for a Hyundai Ioniq 5?
The average premium for a Hyundai Ioniq 5 was $1915 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, civil liability coverage of at least $50,000 is mandatory for any road vehicle driven on public roads.
Have Ioniq 5 premiums always been rising?
No. After a sharp rise from $1122 in 2021 to $2171 in 2024, the average premium dropped to $2071 in 2025 and then $1915 in 2026, signaling a stabilizing EV insurance market.
Which city offers the lowest insurance cost for a Ioniq 5?
Based on the data provided, Repentigny ($1613), Sherbrooke ($1661), and Quebec City ($1670) post the lowest average premiums for this model.
Why is Montreal's premium significantly higher?
At $2819, Montreal stands well above other cities, likely due to traffic density and higher claim frequency in urban areas.
Do electric vehicles like the Ioniq 5 cost more to insure?
Often yes, due to high battery and specialized parts costs, though these costs tend to ease as the EV market matures.
How can I reduce my premium for a Ioniq 5?
Comparing quotes from several insurers, choosing a lower-premium city of residence when possible, and bundling insurance policies are effective ways to reduce costs.

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: 08/14/2026

Versions covered by this HYUNDAI IONIQ 5 page

The premiums above cover every version of the HYUNDAI IONIQ 5, so that each average rests on enough quotes. Here are the versions this page includes.

Version Model years
IONIQ 5 ESSENTIAL 4DR 2WD 2022
IONIQ 5 N 4DR AWD 2025 - 2027
IONIQ 5 PREFERRED 4DR 2WD 2022 - 2025
IONIQ 5 PREFERRED 4DR AWD 2027
IONIQ 5 PREFERRED LONG RANGE 4DR 2WD 2022 - 2026
IONIQ 5 PREFERRED LONG RANGE 4DR AWD 2022 - 2026
IONIQ 5 SE 4DR 2WD 2022 - 2023
IONIQ 5 SE 4DR AWD 2022 - 2025
IONIQ 5 SEL 4DR 2WD 2025
IONIQ 5 TREND 4DR AWD 2027
IONIQ 5 ULTIMATE 4DR AWD 2027

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