- Hyundai Nexo insurance costs an average of $2,584 per year (around $215 per month) for a full coverage policy.
- The cheapest Nexo trim level to insure is the Blue model at around $2,548 per year, and the most expensive trim is the Limited at $2,618 annually.
- When compared to other small SUVs, the 2024 Hyundai Nexo is one of the more expensive small SUVs to insure, costing $430 more per year on average.
How much does Hyundai Nexo car insurance cost?
Hyundai Nexo insurance costs an average of $2,584 annually, or around $215 each month. With the average small SUV costing $2,154 a year to insure, the Hyundai Nexo could cost as much as $430 more annually.
The following chart illustrates average car insurance cost for a 2024 Nexo using a range of different policy rating factors.
To give you a better sense of how variable insurance rates are for a Nexo, liability-only insurance for a Hyundai Nexo in some parts of Vermont or Idaho can be as low as $245 a year, while a newly licensed 16-year-old driver with a few tickets in certain areas of New Orleans, Louisiana, could be as high as $19,179 a year for full coverage.
Is the Nexo Blue or Limited cheaper to insure?
The cheapest model of Hyundai Nexo to insure is the Blue model at an average cost of $2,548 per year. The most expensive Nexo model to insure is the Limited at an average cost of $2,618 per year.
The table below shows average annual and semi-annual auto insurance policy costs, including a monthly amount for budgeting, for each 2024 Hyundai Nexo trim level.
| 2024 Hyundai Nexo Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Blue | $2,548 | $212 |
| Limited | $2,618 | $218 |
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. Updated June 26, 2025
Where does Hyundai Nexo insurance cost rank?
The Hyundai Nexo ranks 46th out of 47 total comparison vehicles in the small SUV category. The Nexo costs an average of $2,584 per year for insurance, while the category average is $2,154 per year, a difference of $430 per year.
When car insurance rates are compared to the top-selling vehicles in the small SUV class, the Nexo costs $422 more per year than the Toyota RAV4, $588 more than the Honda CR-V, $426 more than the Chevrolet Equinox, and $478 more than the Nissan Rogue.
The chart below shows how well average Hyundai Nexo car insurance rates fare against the most popular small SUVs like the Toyota RAV4, Honda CR-V, and the Nissan Rogue. An expanded table is included after the chart that ranks insurance affordability for the entire 2024 small SUV category.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Subaru Crosstrek | $1,730 | -$854 |
| 2 | Chevrolet Trailblazer | $1,760 | -$824 |
| 3 | Kia Soul | $1,826 | -$758 |
| 4 | Nissan Kicks | $1,844 | -$740 |
| 5 | Buick Envision | $1,878 | -$706 |
| 6 | Toyota Corolla Cross | $1,888 | -$696 |
| 7 | Hyundai Venue | $1,902 | -$682 |
| 8 | Mazda CX-5 | $1,910 | -$674 |
| 9 | Ford Bronco Sport | $1,918 | -$666 |
| 10 | Volkswagen Tiguan | $1,938 | -$646 |
| 11 | Buick Encore | $1,988 | -$596 |
| 12 | Honda CR-V | $1,996 | -$588 |
| 13 | Volkswagen Taos | $2,008 | -$576 |
| 14 | Kia Niro | $2,014 | -$570 |
| 15 | Honda HR-V | $2,040 | -$544 |
| 16 | Subaru Forester | $2,084 | -$500 |
| 17 | Kia Seltos | $2,094 | -$490 |
| 18 | GMC Terrain | $2,096 | -$488 |
| 19 | Nissan Rogue | $2,106 | -$478 |
| 20 | Hyundai Kona | $2,110 | -$474 |
| 21 | Mazda CX-30 | $2,114 | -$470 |
| 22 | Volkswagen ID4 | $2,124 | -$460 |
| 23 | Ford Escape | $2,138 | -$446 |
| 24 | Chevrolet Equinox | $2,158 | -$426 |
| 25 | Toyota RAV4 | $2,162 | -$422 |
| 26 | Mazda MX-30 | $2,172 | -$412 |
| 27 | Hyundai Tucson | $2,176 | -$408 |
| 28 | Chevrolet Trax | $2,210 | -$374 |
| 29 | Mini Cooper Clubman | $2,220 | -$364 |
| 30 | Mini Cooper | $2,226 | -$358 |
| 31 | Mitsubishi Eclipse Cross | $2,246 | -$338 |
| 32 | Jeep Renegade | $2,252 | -$332 |
| 33 | Mitsubishi Outlander | $2,280 | -$304 |
| 34 | Kia Sportage | $2,294 | -$290 |
| 35 | Hyundai Ioniq 5 | $2,302 | -$282 |
| 36 | Nissan Ariya | $2,304 | -$280 |
| 37 | Fiat 500X | $2,310 | -$274 |
| 38 | Mini Cooper Countryman | $2,318 | -$266 |
| 39 | Subaru Solterra | $2,320 | -$264 |
| 40 | Mazda CX-50 | $2,326 | -$258 |
| 41 | Toyota bz4X | $2,330 | -$254 |
| 42 | Mitsubishi Mirage | $2,342 | -$242 |
| 43 | Kia EV6 | $2,416 | -$168 |
| 44 | Dodge Hornet | $2,492 | -$92 |
| 45 | Jeep Compass | $2,536 | -$48 |
| 46 | Hyundai Nexo | $2,584 | -- |
| 47 | Ford Mustang Mach-E | $2,742 | $158 |
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 vehicle from the 2024 model year. Updated June 27, 2025
Nexo insurance rates by U.S. city and state
Depending upon where you live, insurance cost for a Hyundai Nexo varies widely from lower rates like $2,168 a year in Charlotte, NC, or $2,094 in Virginia Beach, VA, to more expensive rates such as $3,980 a year in New Orleans, LA and $3,416 in Miami, FL.
Average car insurance costs for a 2024 Nexo in some other large metro areas include Austin, TX, costing $2,508 per year, Jacksonville, FL, at an estimated $2,710, San Francisco, CA, at $3,396, and Omaha, NE, averaging $2,534.
The following bar chart ranks average insurance rates on a Hyundai Nexo for the largest cities in America.
Average Nexo insurance rates by U.S. state
When analyzing Hyundai Nexo insurance rates at a state level, states like Maine ($1,966) and Iowa ($2,094) have better insurance rates, while states like Michigan ($3,154), Louisiana ($2,934), and Florida ($3,042) have more expensive average car insurance costs.
The table below shows average car insurance rates for a 2024 Hyundai Nexo for all fifty U.S. states.
| U.S. State | Annual Premium | Cost Per Month |
|---|---|---|
| Alabama | $2,538 | $212 |
| Alaska | $2,264 | $189 |
| Arizona | $2,570 | $214 |
| Arkansas | $2,822 | $235 |
| California | $3,130 | $261 |
| Colorado | $2,868 | $239 |
| Connecticut | $2,950 | $246 |
| Delaware | $2,996 | $250 |
| Florida | $3,042 | $254 |
| Georgia | $2,772 | $231 |
| Hawaii | $2,118 | $177 |
| Idaho | $2,180 | $182 |
| Illinois | $2,494 | $208 |
| Indiana | $2,246 | $187 |
| Iowa | $2,094 | $175 |
| Kansas | $2,700 | $225 |
| Kentucky | $2,866 | $239 |
| Louisiana | $2,934 | $245 |
| Maine | $1,966 | $164 |
| Maryland | $2,592 | $216 |
| Massachusetts | $2,902 | $242 |
| Michigan | $3,154 | $263 |
| Minnesota | $2,458 | $205 |
| Mississippi | $2,686 | $224 |
| Missouri | $2,976 | $248 |
| Montana | $2,570 | $214 |
| Nebraska | $2,414 | $201 |
| Nevada | $3,108 | $259 |
| New Hampshire | $2,094 | $175 |
| New Jersey | $3,138 | $262 |
| New Mexico | $2,390 | $199 |
| New York | $3,034 | $253 |
| North Carolina | $2,010 | $168 |
| North Dakota | $2,400 | $200 |
| Ohio | $2,148 | $179 |
| Oklahoma | $2,928 | $244 |
| Oregon | $2,602 | $217 |
| Pennsylvania | $2,654 | $221 |
| Rhode Island | $3,190 | $266 |
| South Carolina | $2,420 | $202 |
| South Dakota | $2,782 | $232 |
| Tennessee | $2,636 | $220 |
| Texas | $2,592 | $216 |
| Utah | $2,490 | $208 |
| Vermont | $2,206 | $184 |
| Virginia | $2,088 | $174 |
| Washington | $2,544 | $212 |
| West Virginia | $2,522 | $210 |
| Wisconsin | $2,182 | $182 |
| Wyoming | $2,518 | $210 |
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. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated June 26, 2025
More data insights as they relate to Hyundai Nexo insurance cost include:
- High risk insurance is expensive. For a 30-year-old driver, having too many driving record violations or accidents can potentially increase rates by $3,146 or more per year.
- Increase deductibles to save money. Increasing your deductibles from $500 to $1,000 could save around $446 per year for a 40-year-old driver and $872 per year for a 20-year-old driver.
- Lower deductibles raise insurance cost. Lowering deductibles from $500 to $250 could cost an additional $464 per year for a 40-year-old driver and $920 per year for a 20-year-old driver.
- The older you get, the cheaper insurance rates become. The difference in Hyundai Nexo insurance rates between a 60-year-old driver ($2,134 per year) and a 30-year-old driver ($2,766 per year) is $632, or a savings of 25.8%.
- Gender and age affect the rate you pay. For a 2024 Hyundai Nexo, a 20-year-old male pays an average price of $5,184 per year, while a 20-year-old woman pays an estimated $3,712, a difference of $1,472 per year. The females get much better rates. But by age 50, the cost for men is $2,278 and the cost for a female driver is $2,228, a difference of only $50.
- Save money due to your job. The large majority of car insurance companies offer discounts for having a job in professions like architects, farmers, college professors, accountants, firefighters, and other occupations. If you can qualify for this discount, you could potentially save between $78 and $228 on your car insurance premium, depending on the coverage levels.
- Polish up your credit rating for lower rates. Drivers who maintain a credit score over 800 could see savings as high as $406 per year over a decent credit rating of 670-739. Conversely, an imperfect credit score below 579 could cost as much as $470 more per year.