diff --git a/README.md b/README.md
index b8c15d76d..7dc6f390b 100644
--- a/README.md
+++ b/README.md
@@ -151,7 +151,7 @@ Note: Upstart/SysV init based OS types are not supported.
   - [kube-router](https://github.com/cloudnativelabs/kube-router) v1.5.1
   - [multus](https://github.com/intel/multus-cni) v3.8
   - [weave](https://github.com/weaveworks/weave) v2.8.1
-  - [kube-vip](https://github.com/kube-vip/kube-vip) v0.4.2
+  - [kube-vip](https://github.com/kube-vip/kube-vip) v0.5.5
 - Application
   - [cert-manager](https://github.com/jetstack/cert-manager) v1.9.1
   - [coredns](https://github.com/coredns/coredns) v1.8.6
diff --git a/roles/download/defaults/main.yml b/roles/download/defaults/main.yml
index d67ccb6df..a24910a6b 100644
--- a/roles/download/defaults/main.yml
+++ b/roles/download/defaults/main.yml
@@ -942,7 +942,7 @@ multus_image_repo: "{{ github_image_repo }}/k8snetworkplumbingwg/multus-cni"
 multus_image_tag: "{{ multus_version }}"
 
 kube_vip_image_repo: "{{ github_image_repo }}/kube-vip/kube-vip"
-kube_vip_image_tag: v0.4.2
+kube_vip_image_tag: v0.5.5
 nginx_image_repo: "{{ docker_image_repo }}/library/nginx"
 nginx_image_tag: 1.23.0-alpine
 haproxy_image_repo: "{{ docker_image_repo }}/library/haproxy"
diff --git a/roles/kubernetes/node/defaults/main.yml b/roles/kubernetes/node/defaults/main.yml
index 69a89ab4b..8be61744f 100644
--- a/roles/kubernetes/node/defaults/main.yml
+++ b/roles/kubernetes/node/defaults/main.yml
@@ -62,7 +62,7 @@ eviction_hard_control_plane: {}
 kubelet_status_update_frequency: 10s
 
 # kube-vip
-kube_vip_version: v0.4.2
+kube_vip_version: v0.5.5
 
 kube_vip_arp_enabled: false
 kube_vip_interface:
diff --git a/roles/kubernetes/node/templates/manifests/kube-vip.manifest.j2 b/roles/kubernetes/node/templates/manifests/kube-vip.manifest.j2
index 2ca073f52..02887cfa9 100644
--- a/roles/kubernetes/node/templates/manifests/kube-vip.manifest.j2
+++ b/roles/kubernetes/node/templates/manifests/kube-vip.manifest.j2
@@ -1,4 +1,4 @@
-# Inspired by https://github.com/kube-vip/kube-vip/blob/v0.4.2/pkg/kubevip/config_generator.go#L13
+# Inspired by https://github.com/kube-vip/kube-vip/blob/v0.5.5/pkg/kubevip/config_generator.go#L13
 apiVersion: v1
 kind: Pod
 metadata: