Hyundai Nexo Insurance Cost for 2023

How much does Nexo insurance cost? We break down car insurance rates for the Blue and Limited trims to see how they rank against the compact SUV competition.

Start a Free QuoteCompare Hyundai Nexo car insurance quotes and save on your next policy.

  • Hyundai Nexo insurance costs an average of $1,938 per year (around $162 per month) for a full coverage policy.
  • The cheapest Nexo trim level to insure is the Blue model at around $1,912 per year, and the most expensive trim is the Limited at $1,964 annually.
  • When compared to other small SUVs, the 2023 Hyundai Nexo is one of the more expensive small SUVs to insure, costing $332 more per year on average.

How much does Hyundai Nexo car insurance cost?

Hyundai Nexo insurance costs an average of $1,938 annually, or around $162 each month. With the average small SUV costing $1,606 a year to insure, the Hyundai Nexo could cost as much as $332 more annually.

The following chart illustrates average car insurance cost for a 2023 Nexo using a range of different policy rating factors.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Hyundai Nexo with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Hyundai Nexo trim levels.Data last updated on December 30, 2022
Hyundai Nexo Insurance Cost Summary
2023 Hyundai Nexo Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,398$367
Safe Driver Age 20$3,854$321
At-fault Accidents Age 40$2,716$226
Low Deductibles Age 40$2,582$215
Safe Driver Age 30$2,058$172
Safe Driver Age 40$1,938$162
Safe Driver Age 50$1,764$147
Safe Driver Age 60$1,732$144
Discount Rate Age 40$1,612$134
High Deductibles Age 40$1,608$134

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 $15,980 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 $1,912 per year. The most expensive Nexo model to insure is the Limited at an average cost of $1,964 per year.

The table below shows average annual and semi-annual auto insurance policy costs, including a monthly amount for budgeting, for each 2023 Hyundai Nexo trim level.

2023 Hyundai Nexo Insurance Cost by Trim Level
Hyundai Nexo Trim Level Annual Policy Six-Month Policy Per Month
Blue$1,912$956$159
Limited$1,964$982$164

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Hyundai Nexo, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Hyundai Nexo Insurance Cost by Trim Level

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 $1,938 per year for insurance, while the category average is $1,606 per year, a difference of $332 per year.

When car insurance rates are compared to the top-selling vehicles in the small SUV class, the Nexo costs $304 more per year than the Toyota RAV4, $442 more than the Honda CR-V, $350 more than the Chevrolet Equinox, and $316 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 2023 small SUV category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Hyundai Nexo, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Hyundai Nexo trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 29, 2022
Hyundai Nexo vs Top 10 Small SUVs Insurance Rate Comparison
Hyundai Nexo Insurance Cost Compared to All Small SUVs
Rank Make/Model Insurance Cost Difference
1Chevrolet Trailblazer$1,334-$604
2Subaru Crosstrek$1,346-$592
3Nissan Kicks$1,354-$584
4Nissan Rogue Sport$1,378-$560
5Mazda CX-5$1,386-$552
6Buick Encore$1,406-$532
7Buick Envision$1,410-$528
8Kia Seltos$1,430-$508
9Hyundai Venue$1,440-$498
10Honda HR-V$1,464-$474
11Hyundai Kona$1,480-$458
12Subaru Forester$1,486-$452
13Honda CR-V$1,496-$442
14Mazda CX-30$1,498-$440
15Chevrolet Trax$1,514-$424
16Volkswagen Tiguan$1,532-$406
17Ford Bronco Sport$1,536-$402
18Fiat 500X$1,564-$374
19GMC Terrain$1,566-$372
20Kia Soul$1,568-$370
21Mitsubishi Eclipse Cross$1,572-$366
22Chevrolet Equinox$1,588-$350
23Toyota Corolla Cross$1,592-$346
24Volkswagen Taos$1,600-$338
25Mazda CX-50$1,610-$328
26Hyundai Tucson$1,614-$324
27Ford Escape$1,616-$322
28Nissan Rogue$1,622-$316
29Toyota RAV4$1,634-$304
30Mazda MX-30$1,636-$302
31Kia Niro$1,638-$300
32Mini Cooper$1,648-$290
33Jeep Compass$1,652-$286
34Mini Cooper Clubman$1,674-$264
35Jeep Renegade$1,698-$240
36Chevrolet Bolt$1,710-$228
37Toyota bz4X$1,716-$222
38Kia Sportage$1,760-$178
39Hyundai Ioniq 5$1,764-$174
40Mini Cooper Countryman$1,812-$126
41Mitsubishi Mirage$1,818-$120
42Mitsubishi Outlander$1,820-$118
43Volkswagen ID4$1,832-$106
44Kia EV6$1,870-$68
45Dodge Hornet$1,872-$66
46Hyundai Nexo$1,938--
47Ford Mustang Mach-E$1,996$58

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 $1,372 a year in Charlotte, NC, or $1,298 in Virginia Beach, VA, to more expensive rates such as $3,364 a year in New Orleans, LA and $2,794 in Miami, FL.

Average car insurance costs for a 2023 Nexo in some other large metro areas include Austin, TX, costing $1,714 per year, Jacksonville, FL, at an estimated $2,076, San Francisco, CA, at $2,610, and Omaha, NE, averaging $1,744.

The following bar chart ranks average insurance rates on a Hyundai Nexo for the largest cities in America.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Hyundai Nexo, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Hyundai Nexo trim levels.Data last updated on December 30, 2022
Hyundai Nexo Insurance Rates in Large U.S. Cities
Hyundai Nexo Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,416$285
Philadelphia, PA$3,034$253
Las Vegas, NV$3,026$252
Los Angeles, CA$3,018$252
San Francisco, CA$2,610$218
Kansas City, MO$2,324$194
Oklahoma City, OK$2,324$194
Denver, CO$2,278$190
Memphis, TN$2,278$190
Atlanta, GA$2,248$187
San Jose, CA$2,186$182
Phoenix, AZ$2,130$178
Portland, OR$2,100$175
San Diego, CA$2,090$174
Boston, MA$2,082$174
Jacksonville, FL$2,076$173
Chicago, IL$2,018$168
Dallas, TX$1,988$166
Houston, TX$1,980$165
Seattle, WA$1,972$164
Nashville, TN$1,900$158
Milwaukee, WI$1,890$158
Albuquerque, NM$1,852$154
San Antonio, TX$1,796$150
Omaha, NE$1,744$145
Fort Worth, TX$1,734$145
Austin, TX$1,714$143
Indianapolis, IN$1,560$130
Columbus, OH$1,436$120
Charlotte, NC$1,372$114

Average Nexo insurance rates by U.S. state

When analyzing Hyundai Nexo insurance rates at a state level, states like Maine ($1,168) and Iowa ($1,296) have better insurance rates, while states like Michigan ($2,650), Louisiana ($2,306), and Florida ($2,416) have more expensive average car insurance costs.

The table below shows average car insurance rates for a 2023 Hyundai Nexo for all fifty U.S. states.

Hyundai Nexo Average Insurance Cost by State for 2023
U.S. State Annual Cost Six-month Cost Monthly Cost
Alabama$1,744$872$145
Alaska$1,468$734$122
Arizona$1,776$888$148
Arkansas$2,028$1,014$169
California$2,346$1,173$196
Colorado$2,080$1,040$173
Connecticut$2,158$1,079$180
Delaware$2,206$1,103$184
Florida$2,416$1,208$201
Georgia$1,980$990$165
Hawaii$1,322$661$110
Idaho$1,382$691$115
Illinois$1,696$848$141
Indiana$1,446$723$121
Iowa$1,296$648$108
Kansas$1,910$955$159
Kentucky$2,076$1,038$173
Louisiana$2,306$1,153$192
Maine$1,168$584$97
Maryland$1,800$900$150
Massachusetts$2,112$1,056$176
Michigan$2,650$1,325$221
Minnesota$1,662$831$139
Mississippi$1,890$945$158
Missouri$2,188$1,094$182
Montana$1,780$890$148
Nebraska$1,620$810$135
Nevada$2,318$1,159$193
New Hampshire$1,298$649$108
New Jersey$2,348$1,174$196
New Mexico$1,594$797$133
New York$2,248$1,124$187
North Carolina$1,212$606$101
North Dakota$1,604$802$134
Ohio$1,350$675$113
Oklahoma$2,138$1,069$178
Oregon$1,812$906$151
Pennsylvania$1,858$929$155
Rhode Island$2,402$1,201$200
South Carolina$1,626$813$136
South Dakota$1,992$996$166
Tennessee$1,844$922$154
Texas$1,798$899$150
Utah$1,696$848$141
Vermont$1,410$705$118
Virginia$1,286$643$107
Washington$1,752$876$146
West Virginia$1,728$864$144
Wisconsin$1,386$693$116
Wyoming$1,722$861$144

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Hyundai Nexo, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Hyundai Nexo trim levels. Physical damage deductibles are $500 and rates are averaged for all Zip Codes in each state.Data last updated on February 5, 2023
Hyundai Nexo insurance rates by U.S. state

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 $2,340 or more per year.
  • Increase deductibles to save money. Increasing your deductibles from $500 to $1,000 could save around $330 per year for a 40-year-old driver and $646 per year for a 20-year-old driver.
  • Lower deductibles raise insurance cost. Lowering deductibles from $500 to $250 could cost an additional $346 per year for a 40-year-old driver and $680 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 ($1,732 per year) and a 30-year-old driver ($2,058 per year) is $326, or a savings of 17.2%.
  • Gender and age affect the rate you pay. For a 2023 Hyundai Nexo, a 20-year-old male pays an average price of $3,854 per year, while a 20-year-old woman pays an estimated $2,846, a difference of $1,008 per year. The females get much better rates. But by age 50, the cost for men is $1,764 and the cost for a female driver is $1,730, a difference of only $34.
  • 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 $58 and $178 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 $304 per year over a decent credit rating of 670-739. Conversely, an imperfect credit score below 579 could cost as much as $353 more per year.