2023 Hyundai Nexo Car Insurance Calculator

Get instant feedback how decisions you make impact the cost of insurance for a 2023 Hyundai Nexo. Customize choices like coverage deductibles, age of the driver, and policy discounts to learn how each impacts cost. Immediately see if the choice you make has a positive or negative impact on rates.

The average estimated car insurance premium for a 2023 Hyundai Nexo is $2,508 per year, or about $209 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,508

Cost Per Month

$209

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Hyundai Nexo Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 Hyundai Nexo.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,508
Average Rate
Your Rate
$2,508

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 Hyundai Nexo trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 Hyundai Nexo is $2,508.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 Hyundai Nexo vs. the Small SUV Segment

The table below compares insurance rates for the 2023 Hyundai Nexo against all other models in the small SUV segment. The Hyundai Nexo is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Hyundai Nexo, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Hyundai Nexo.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 Hyundai Nexo Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Chevrolet Trailblazer$1,722-$786
2Subaru Crosstrek$1,740-$768
3Nissan Kicks$1,744-$764
4Nissan Rogue Sport$1,776-$732
5Mazda CX-5$1,794-$714
6Buick Encore$1,814-$694
7Buick Envision$1,822-$686
8Kia Seltos$1,844-$664
9Hyundai Venue$1,854-$654
10Honda HR-V$1,886-$622
11Hyundai Kona$1,910-$598
12Subaru Forester$1,926-$582
13Honda CR-V$1,932-$576
14Mazda CX-30$1,936-$572
15Chevrolet Trax$1,950-$558
16Volkswagen Tiguan$1,978-$530
17Ford Bronco Sport$1,984-$524
18Fiat 500X$2,018-$490
19Kia Soul$2,022-$486
20GMC Terrain$2,024-$484
21Mitsubishi Eclipse Cross$2,034-$474
22Chevrolet Equinox$2,048-$460
23Toyota Corolla Cross$2,056-$452
24Volkswagen Taos$2,062-$446
25Mazda CX-50$2,064-$444
2023 Small SUV Average$2,073-$435
26Hyundai Tucson$2,082-$426
27Ford Escape$2,086-$422
28Nissan Rogue$2,094-$414
29Kia Niro$2,110-$398
30Toyota RAV4$2,112-$396
31Mazda MX-30$2,116-$392
32Mini Cooper$2,126-$382
33Jeep Compass$2,130-$378
34Mini Cooper Clubman$2,162-$346
35Jeep Renegade$2,192-$316
36Chevrolet Bolt$2,206-$302
37Toyota bz4X$2,216-$292
38Hyundai Ioniq 5$2,260-$248
39Kia Sportage$2,270-$238
40Mini Cooper Countryman$2,338-$170
41Mitsubishi Mirage$2,340-$168
42Mitsubishi Outlander$2,352-$156
43Volkswagen ID4$2,366-$142
44Kia EV6$2,416-$92
45Dodge Hornet$2,418-$90
46Hyundai Nexo$2,508--
47Ford Mustang Mach-E$2,576$68

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 Nexo Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 Hyundai Nexo.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 Hyundai Nexo Insurance Rates by Trim Level
2023 Hyundai Nexo Trim Level Annual Premium Cost Per Month
Blue$2,472$206
Limited$2,542$212

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 Hyundai Nexo for different driver ages.

2023 Hyundai Nexo Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,780$732
17$8,552$713
18$7,754$646
19$7,029$586
20$5,408$451
21$5,163$430
22$4,640$387
23$3,781$315
24$3,589$299
25$2,912$243
30$2,682$224
35$2,574$215
40$2,508$209
45$2,336$195
50$2,212$184
55$2,066$172
60$2,072$173
65$2,208$184
70$2,364$197
75$2,758$230
80$3,388$282

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Hyundai Nexo trim levels.