Hyundai Nexo Insurance Cost for 2022

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.

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  • Hyundai Nexo insurance costs an average of $1,744 per year (around $145 per month) for a full coverage policy.
  • The cheapest Nexo trim level to insure is the Blue model at around $1,722 per year, and the most expensive trim is the Limited at $1,768 annually.
  • When compared to other small SUVs, the 2022 Hyundai Nexo is one of the more expensive small SUVs to insure, costing $318 more per year on average.

How much does Hyundai Nexo car insurance cost?

Hyundai Nexo insurance costs an average of $1,744 annually, or around $145 each month. With the average small SUV costing $1,426 a year to insure, the Hyundai Nexo could cost as much as $318 more annually.

The following chart illustrates average car insurance cost for a 2022 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 2022 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 June 24, 2022
Hyundai Nexo Insurance Cost Summary
Hyundai Nexo Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$3,958$330
Safe Driver Age 20$3,466$289
At-fault Accidents Age 40$2,444$204
Low Deductibles Age 40$2,324$194
Safe Driver Age 30$1,852$154
Safe Driver Age 40$1,744$145
Safe Driver Age 50$1,588$132
Safe Driver Age 60$1,560$130
Discount Rate Age 40$1,450$121
High Deductibles Age 40$1,448$121

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 $19,378 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 $1,722 per year. The most expensive Nexo model to insure is the Limited at an average cost of $1,768 per year.

The table below shows average annual and semi-annual auto insurance policy costs, including a monthly amount for budgeting, for each 2022 Hyundai Nexo trim level.

2022 Hyundai Nexo Insurance Cost by Trim Level
Hyundai Nexo Trim Level Annual Policy 6-month Policy Per Month
Blue$1,722$861$144
Limited$1,768$884$147

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 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 June 24, 2022
Hyundai Nexo Insurance Cost by Trim Level

Where does Hyundai Nexo insurance cost rank?

The Hyundai Nexo ranks #45 out of 46 total comparison vehicles in the small SUV category. The Nexo costs an average of $1,744 per year for insurance, while the category average is $1,426 per year, a difference of $318 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, $408 more than the Honda CR-V, $320 more than the Chevrolet Equinox, and $252 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 2022 small SUV category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 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 June 24, 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
1Mazda CX-5$1,158-$586
2Nissan Kicks$1,190-$554
3Chevrolet Trailblazer$1,196-$548
4Subaru Crosstrek$1,224-$520
5Toyota C-HR$1,254-$490
6Buick Encore$1,260-$484
7Nissan Rogue Sport$1,272-$472
8Hyundai Venue$1,294-$450
9Buick Envision$1,298-$446
10Kia Seltos$1,300-$444
11Toyota Corolla Cross$1,310-$434
12Hyundai Kona$1,318-$426
13Subaru Forester$1,320-$424
14Volkswagen Tiguan$1,324-$420
15Honda CR-V$1,336-$408
16Mazda CX-30$1,350-$394
17Honda HR-V$1,370-$374
18Ford Ecosport$1,380-$364
19Chevrolet Trax$1,398-$346
20GMC Terrain$1,404-$340
21Mitsubishi Eclipse Cross$1,408-$336
22Hyundai Tucson$1,416-$328
23Chevrolet Bolt$1,420-$324
24Chevrolet Equinox$1,424-$320
25Volkswagen Taos$1,428-$316
26Fiat 500X$1,434-$310
27Toyota RAV4$1,440-$304
28Kia Soul$1,442-$302
29Mazda MX-30$1,472-$272
30Jeep Compass$1,478-$266
31Kia Niro$1,480-$264
32Nissan Rogue$1,492-$252
33Ford Escape$1,498-$246
34Hyundai Ioniq 5$1,514-$230
35Mini Cooper Clubman$1,516-$228
36Jeep Renegade$1,518-$226
37Kia Sportage$1,524-$220
38Ford Bronco$1,532-$212
39Volkswagen ID4$1,554-$190
40Mini Cooper$1,564-$180
41Mini Cooper Countryman$1,582-$162
42Mitsubishi Outlander$1,640-$104
43Mitsubishi Mirage$1,658-$86
44Ford Mustang Mach-E$1,726-$18
45Hyundai Nexo$1,744--
46Jeep Wrangler$1,746$2

Is Nexo insurance cheap where I live?

Depending upon where you live, insurance cost for a Hyundai Nexo varies widely from lower rates like $1,248 a year in Charlotte, NC, or $1,172 in Virginia Beach, VA, to more expensive rates such as $4,080 a year in New Orleans, LA and $3,368 in Miami, FL.

Average car insurance costs for a 2022 Nexo in some other large metro areas include Austin, TX, costing $1,586 per year, Jacksonville, FL, at an estimated $2,472, San Francisco, CA, at $2,484, and Omaha, NE, averaging $1,618.

The following bar chart ranks average insurance rates on a Hyundai Nexo for the largest cities in America. Prices range from $1,310 per year in Columbus, OH, to $3,288 in New York City, a difference of $1,978.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2022 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 June 24, 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$3,288$274
Philadelphia, PA$2,904$242
Los Angeles, CA$2,888$241
San Francisco, CA$2,484$207
Jacksonville, FL$2,472$206
San Jose, CA$2,062$172
Phoenix, AZ$2,002$167
San Diego, CA$1,962$164
Chicago, IL$1,894$158
Dallas, TX$1,858$155
Houston, TX$1,852$154
Indianapolis, IN$1,754$146
San Antonio, TX$1,668$139
Austin, TX$1,586$132
Columbus, OH$1,310$109

Which state has the cheapest Nexo insurance?

When analyzing Hyundai Nexo insurance rates at a state level, states like Maine ($1,204) and Iowa ($1,260) have better insurance rates, while states like Michigan ($2,776), Louisiana ($2,524), and Florida ($2,546) have more expensive average car insurance costs.

Auto insurance rates in most states fall closer to the median, with states like Wyoming, Arizona, and New Mexico included in this group. Those states average $1,600, $1,552, and $1,398 per year, respectively, for insurance on a 2022 Hyundai Nexo.

Hyundai Nexo Insurance Cost by U.S. State
U.S. State Annual Cost 6-month Cost Monthly Cost
Alabama$1,422$711$119
Alaska$1,528$764$127
Arizona$1,552$776$129
Arkansas$1,866$933$156
California$1,996$998$166
Colorado$1,858$929$155
Connecticut$1,688$844$141
Delaware$1,774$887$148
Florida$2,546$1,273$212
Georgia$1,684$842$140
Hawaii$1,182$591$99
Idaho$1,374$687$115
Illinois$1,408$704$117
Indiana$1,304$652$109
Iowa$1,260$630$105
Kansas$1,754$877$146
Kentucky$2,028$1,014$169
Louisiana$2,524$1,262$210
Maine$1,204$602$100
Maryland$1,572$786$131
Massachusetts$1,426$713$119
Michigan$2,776$1,388$231
Minnesota$1,532$766$128
Mississippi$1,646$823$137
Missouri$1,848$924$154
Montana$1,696$848$141
Nebraska$1,664$832$139
Nevada$1,912$956$159
New Hampshire$1,050$525$88
New Jersey$1,646$823$137
New Mexico$1,398$699$117
New York$1,852$926$154
North Carolina$1,108$554$92
North Dakota$1,448$724$121
Ohio$1,012$506$84
Oklahoma$1,694$847$141
Oregon$1,458$729$122
Pennsylvania$1,466$733$122
Rhode Island$2,052$1,026$171
South Carolina$1,604$802$134
South Dakota$1,582$791$132
Tennessee$1,376$688$115
Texas$1,642$821$137
Utah$1,440$720$120
Vermont$1,156$578$96
Virginia$1,124$562$94
Washington$1,322$661$110
West Virginia$1,568$784$131
Wisconsin$1,182$591$99
Wyoming$1,600$800$133

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 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 June 24, 2022
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 $2,106 or more per year.
  • Increase deductibles to save money. Increasing your deductibles from $500 to $1,000 could save around $296 per year for a 40-year-old driver and $582 per year for a 20-year-old driver.
  • Lower deductibles raise insurance cost. Lowering deductibles from $500 to $250 could cost an additional $310 per year for a 40-year-old driver and $614 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 ($1,560 per year) and a 30-year-old driver ($1,852 per year) is $292, or a savings of 15.8%.
  • Gender and age affect the rate you pay. For a 2022 Hyundai Nexo, a 20-year-old male pays an average price of $3,466 per year, while a 20-year-old woman pays an estimated $2,562, a difference of $904 per year. The females get much better rates. But by age 50, the cost for men is $1,588 and the cost for a female driver is $1,554, 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 $52 and $159 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 $274 per year over a decent credit rating of 670-739. Conversely, an imperfect credit score below 579 could cost as much as $317 more per year.