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.

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  • Hyundai Nexo insurance costs an average of $1,990 per year (around $166 per month) for a full coverage policy.
  • The cheapest Nexo trim level to insure is the Blue model at around $1,962 per year, and the most expensive trim is the Limited at $2,016 annually.
  • When compared to other small SUVs, the 2023 Hyundai Nexo is one of the more expensive small SUVs to insure, costing $341 more per year on average.

How much does Hyundai Nexo car insurance cost?

Hyundai Nexo insurance costs an average of $1,990 annually, or around $166 each month. With the average small SUV costing $1,649 a year to insure, the Hyundai Nexo could cost as much as $341 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 August 11, 2023
Hyundai Nexo Insurance Cost Summary
2023 Hyundai Nexo Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,518$377
Safe Driver Age 20$3,956$330
At-fault Accidents Age 40$2,788$232
Low Deductibles Age 40$2,648$221
Safe Driver Age 30$2,114$176
Safe Driver Age 40$1,990$166
Safe Driver Age 50$1,810$151
Safe Driver Age 60$1,780$148
Discount Rate Age 40$1,654$138
High Deductibles Age 40$1,650$138

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 $16,144 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 $1,962 per year. The most expensive Nexo model to insure is the Limited at an average cost of $2,016 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$1,962$981$164
Limited$2,016$1,008$168

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 August 12, 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 $1,990 per year for insurance, while the category average is $1,649 per year, a difference of $341 per year.

When car insurance rates are compared to the top-selling vehicles in the small SUV class, the Nexo costs $314 more per year than the Toyota RAV4, $456 more than the Honda CR-V, $360 more than the Chevrolet Equinox, and $324 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 August 12, 2023
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$1,370-$620
2Subaru Crosstrek$1,380-$610
3Nissan Kicks$1,386-$604
4Nissan Rogue Sport$1,412-$578
5Mazda CX-5$1,422-$568
6Buick Encore$1,442-$548
7Buick Envision$1,446-$544
8Kia Seltos$1,466-$524
9Hyundai Venue$1,478-$512
10Honda HR-V$1,508-$482
11Hyundai Kona$1,518-$472
12Subaru Forester$1,526-$464
13Honda CR-V$1,534-$456
14Mazda CX-30$1,538-$452
15Chevrolet Trax$1,558-$432
16Volkswagen Tiguan$1,572-$418
17Ford Bronco Sport$1,576-$414
18Fiat 500X$1,606-$384
19GMC Terrain$1,608-$382
20Kia Soul$1,614-$376
21Mitsubishi Eclipse Cross$1,616-$374
22Chevrolet Equinox$1,630-$360
23Toyota Corolla Cross$1,634-$356
24Volkswagen Taos$1,640-$350
25Mazda CX-50$1,652-$338
26Hyundai Tucson$1,656-$334
27Ford Escape$1,660-$330
28Nissan Rogue$1,666-$324
29Toyota RAV4$1,676-$314
30Mazda MX-30$1,680-$310
31Kia Niro$1,682-$308
32Mini Cooper$1,690-$300
33Jeep Compass$1,700-$290
34Mini Cooper Clubman$1,720-$270
35Jeep Renegade$1,746-$244
36Chevrolet Bolt$1,756-$234
37Toyota bz4X$1,758-$232
38Kia Sportage$1,810-$180
39Hyundai Ioniq 5$1,814-$176
40Mini Cooper Countryman$1,860-$130
41Mitsubishi Mirage$1,868-$122
42Mitsubishi Outlander$1,872-$118
43Volkswagen ID4$1,880-$110
44Kia EV6$1,920-$70
45Dodge Hornet$1,922-$68
46Hyundai Nexo$1,990--
47Ford Mustang Mach-E$2,048$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 $1,414 a year in Charlotte, NC, or $1,340 in Virginia Beach, VA, to more expensive rates such as $3,396 a year in New Orleans, LA and $2,830 in Miami, FL.

Average car insurance costs for a 2023 Nexo in some other large metro areas include Austin, TX, costing $1,754 per year, Jacksonville, FL, at an estimated $2,112, San Francisco, CA, at $2,654, and Omaha, NE, averaging $1,786.

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 August 12, 2023
Hyundai Nexo Insurance Rates in Large U.S. Cities
Hyundai Nexo Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,458$288
Philadelphia, PA$3,074$256
Las Vegas, NV$3,066$256
Los Angeles, CA$3,058$255
San Francisco, CA$2,654$221
Kansas City, MO$2,366$197
Oklahoma City, OK$2,366$197
Denver, CO$2,320$193
Memphis, TN$2,320$193
Atlanta, GA$2,292$191
San Jose, CA$2,228$186
Phoenix, AZ$2,168$181
Portland, OR$2,142$179
San Diego, CA$2,130$178
Boston, MA$2,124$177
Jacksonville, FL$2,112$176
Chicago, IL$2,064$172
Dallas, TX$2,032$169
Houston, TX$2,018$168
Seattle, WA$2,014$168
Nashville, TN$1,938$162
Milwaukee, WI$1,930$161
Albuquerque, NM$1,898$158
San Antonio, TX$1,836$153
Omaha, NE$1,786$149
Fort Worth, TX$1,778$148
Austin, TX$1,754$146
Indianapolis, IN$1,604$134
Columbus, OH$1,478$123
Charlotte, NC$1,414$118

Average Nexo insurance rates by U.S. state

When analyzing Hyundai Nexo insurance rates at a state level, states like Maine ($1,208) and Iowa ($1,340) have better insurance rates, while states like Michigan ($2,678), Louisiana ($2,338), and Florida ($2,448) 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$1,788$894$149
Alaska$1,510$755$126
Arizona$1,820$910$152
Arkansas$2,072$1,036$173
California$2,386$1,193$199
Colorado$2,122$1,061$177
Connecticut$2,202$1,101$184
Delaware$2,248$1,124$187
Florida$2,448$1,224$204
Georgia$2,024$1,012$169
Hawaii$1,364$682$114
Idaho$1,426$713$119
Illinois$1,744$872$145
Indiana$1,490$745$124
Iowa$1,340$670$112
Kansas$1,950$975$163
Kentucky$2,120$1,060$177
Louisiana$2,338$1,169$195
Maine$1,208$604$101
Maryland$1,844$922$154
Massachusetts$2,154$1,077$180
Michigan$2,678$1,339$223
Minnesota$1,706$853$142
Mississippi$1,936$968$161
Missouri$2,232$1,116$186
Montana$1,820$910$152
Nebraska$1,660$830$138
Nevada$2,362$1,181$197
New Hampshire$1,340$670$112
New Jersey$2,392$1,196$199
New Mexico$1,636$818$136
New York$2,290$1,145$191
North Carolina$1,254$627$105
North Dakota$1,650$825$138
Ohio$1,396$698$116
Oklahoma$2,180$1,090$182
Oregon$1,852$926$154
Pennsylvania$1,906$953$159
Rhode Island$2,446$1,223$204
South Carolina$1,664$832$139
South Dakota$2,036$1,018$170
Tennessee$1,886$943$157
Texas$1,842$921$154
Utah$1,742$871$145
Vermont$1,452$726$121
Virginia$1,330$665$111
Washington$1,790$895$149
West Virginia$1,770$885$148
Wisconsin$1,428$714$119
Wyoming$1,764$882$147

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 August 12, 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 $2,404 or more per year.
  • Increase deductibles to save money. Increasing your deductibles from $500 to $1,000 could save around $340 per year for a 40-year-old driver and $664 per year for a 20-year-old driver.
  • Lower deductibles raise insurance cost. Lowering deductibles from $500 to $250 could cost an additional $352 per year for a 40-year-old driver and $700 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 ($1,780 per year) and a 30-year-old driver ($2,114 per year) is $334, 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 $3,956 per year, while a 20-year-old woman pays an estimated $2,924, a difference of $1,032 per year. The females get much better rates. But by age 50, the cost for men is $1,810 and the cost for a female driver is $1,774, a difference of only $36.
  • 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 $60 and $183 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 $312 per year over a decent credit rating of 670-739. Conversely, an imperfect credit score below 579 could cost as much as $362 more per year.