- Hyundai Nexo insurance costs an average of $2,094 per year (around $175 per month) for a full coverage policy.
- The cheapest Nexo trim level to insure is the Blue model at around $2,064 per year, and the most expensive trim is the Limited at $2,122 annually.
- When compared to other small SUVs, the 2024 Hyundai Nexo is one of the more expensive small SUVs to insure, costing $349 more per year on average.
How much does Hyundai Nexo car insurance cost?
Hyundai Nexo insurance costs an average of $2,094 annually, or around $175 each month. With the average small SUV costing $1,745 a year to insure, the Hyundai Nexo could cost as much as $349 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 $16,775 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 $2,064 per year. The most expensive Nexo model to insure is the Limited at an average cost of $2,122 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 | $2,064 | $172 |
| Limited | $2,122 | $177 |
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 February 23, 2024
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 $2,094 per year for insurance, while the category average is $1,745 per year, a difference of $349 per year.
When car insurance rates are compared to the top-selling vehicles in the small SUV class, the Nexo costs $346 more per year than the Toyota RAV4, $476 more than the Honda CR-V, $348 more than the Chevrolet Equinox, and $390 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 | $1,402 | -$692 |
| 2 | Chevrolet Trailblazer | $1,424 | -$670 |
| 3 | Kia Soul | $1,482 | -$612 |
| 4 | Nissan Kicks | $1,494 | -$600 |
| 5 | Buick Envision | $1,520 | -$574 |
| 6 | Toyota Corolla Cross | $1,530 | -$564 |
| 7 | Hyundai Venue | $1,540 | -$554 |
| 8 | Mazda CX-5 | $1,548 | -$546 |
| 9 | Ford Bronco Sport | $1,554 | -$540 |
| 10 | Volkswagen Tiguan | $1,570 | -$524 |
| 11 | Buick Encore | $1,612 | -$482 |
| 12 | Honda CR-V | $1,618 | -$476 |
| 13 | Volkswagen Taos | $1,624 | -$470 |
| 14 | Kia Niro | $1,626 | -$468 |
| 15 | Honda HR-V | $1,650 | -$444 |
| 16 | Subaru Forester | $1,692 | -$402 |
| 17 | Kia Seltos | $1,694 | -$400 |
| 18 | GMC Terrain | $1,698 | -$396 |
| 19 | Nissan Rogue | $1,704 | -$390 |
| 20 | Hyundai Kona | $1,706 | -$388 |
| 21 | Mazda CX-30 | $1,710 | -$384 |
| 22 | Volkswagen ID4 | $1,720 | -$374 |
| 23 | Ford Escape | $1,730 | -$364 |
| 24 | Chevrolet Equinox | $1,746 | -$348 |
| 25 | Toyota RAV4 | $1,748 | -$346 |
| 26 | Mazda MX-30 | $1,760 | -$334 |
| 27 | Hyundai Tucson | $1,764 | -$330 |
| 28 | Chevrolet Trax | $1,794 | -$300 |
| 29 | Mini Cooper Clubman | $1,798 | -$296 |
| 30 | Mini Cooper | $1,800 | -$294 |
| 31 | Mitsubishi Eclipse Cross | $1,820 | -$274 |
| 32 | Jeep Renegade | $1,824 | -$270 |
| 33 | Mitsubishi Outlander | $1,848 | -$246 |
| 34 | Nissan Ariya | $1,856 | -$238 |
| 35 | Kia Sportage | $1,858 | -$236 |
| 36 | Hyundai Ioniq 5 | $1,864 | -$230 |
| 37 | Fiat 500X | $1,870 | -$224 |
| 38 | Mazda CX-50 | $1,884 | -$210 |
| 39 | Toyota bz4X | $1,890 | -$204 |
| 40 | Mini Cooper Countryman | $1,892 | -$202 |
| 41 | Subaru Solterra | $1,898 | -$196 |
| 42 | Mitsubishi Mirage | $1,900 | -$194 |
| 43 | Kia EV6 | $1,958 | -$136 |
| 44 | Dodge Hornet | $2,018 | -$76 |
| 45 | Jeep Compass | $2,054 | -$40 |
| 46 | Hyundai Nexo | $2,094 | -- |
| 47 | Ford Mustang Mach-E | $2,220 | $126 |
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 February 23, 2024
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 $1,546 a year in Charlotte, NC, or $1,468 in Virginia Beach, VA, to more expensive rates such as $3,484 a year in New Orleans, LA and $2,918 in Miami, FL.
Average car insurance costs for a 2024 Nexo in some other large metro areas include Austin, TX, costing $1,884 per year, Jacksonville, FL, at an estimated $2,208, San Francisco, CA, at $2,772, and Omaha, NE, averaging $1,914.
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 ($1,338) and Iowa ($1,468) have better insurance rates, while states like Michigan ($2,746), Louisiana ($2,434), and Florida ($2,542) 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 | $1,914 | $160 |
| Alaska | $1,638 | $137 |
| Arizona | $1,946 | $162 |
| Arkansas | $2,196 | $183 |
| California | $2,510 | $209 |
| Colorado | $2,246 | $187 |
| Connecticut | $2,324 | $194 |
| Delaware | $2,368 | $197 |
| Florida | $2,542 | $212 |
| Georgia | $2,148 | $179 |
| Hawaii | $1,494 | $125 |
| Idaho | $1,554 | $130 |
| Illinois | $1,870 | $156 |
| Indiana | $1,620 | $135 |
| Iowa | $1,468 | $122 |
| Kansas | $2,076 | $173 |
| Kentucky | $2,242 | $187 |
| Louisiana | $2,434 | $203 |
| Maine | $1,338 | $112 |
| Maryland | $1,968 | $164 |
| Massachusetts | $2,278 | $190 |
| Michigan | $2,746 | $229 |
| Minnesota | $1,830 | $153 |
| Mississippi | $2,058 | $172 |
| Missouri | $2,354 | $196 |
| Montana | $1,946 | $162 |
| Nebraska | $1,790 | $149 |
| Nevada | $2,482 | $207 |
| New Hampshire | $1,468 | $122 |
| New Jersey | $2,512 | $209 |
| New Mexico | $1,764 | $147 |
| New York | $2,412 | $201 |
| North Carolina | $1,386 | $116 |
| North Dakota | $1,776 | $148 |
| Ohio | $1,524 | $127 |
| Oklahoma | $2,304 | $192 |
| Oregon | $1,980 | $165 |
| Pennsylvania | $2,030 | $169 |
| Rhode Island | $2,566 | $214 |
| South Carolina | $1,792 | $149 |
| South Dakota | $2,158 | $180 |
| Tennessee | $2,010 | $168 |
| Texas | $1,966 | $164 |
| Utah | $1,866 | $156 |
| Vermont | $1,582 | $132 |
| Virginia | $1,460 | $122 |
| Washington | $1,920 | $160 |
| West Virginia | $1,898 | $158 |
| Wisconsin | $1,558 | $130 |
| Wyoming | $1,890 | $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. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Updated February 23, 2024
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 $2,550 or more per year.
- Increase deductibles to save money. Increasing your deductibles from $500 to $1,000 could save around $362 per year for a 40-year-old driver and $706 per year for a 20-year-old driver.
- Lower deductibles raise insurance cost. Lowering deductibles from $500 to $250 could cost an additional $374 per year for a 40-year-old driver and $746 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 ($1,730 per year) and a 30-year-old driver ($2,242 per year) is $512, 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 $4,200 per year, while a 20-year-old woman pays an estimated $3,008, a difference of $1,192 per year. The females get much better rates. But by age 50, the cost for men is $1,848 and the cost for a female driver is $1,806, a difference of only $42.
- 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 $63 and $185 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 $329 per year over a decent credit rating of 670-739. Conversely, an imperfect credit score below 579 could cost as much as $381 more per year.