Hyundai Nexo Car Insurance Cost 2025
The average cost to insure a Hyundai Nexo is $4,078 per year. However, your actual rate will depend on factors like your age, the car’s model year, and other individual considerations. Refer to our quote tables below to estimate your specific costs.
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If you’re considering buying an Aston Martin V12 Vantage, an important factor to consider is the cost of insurance. Insurance is a significant part of car ownership, so it’s crucial to understand this financial commitment before making your decision. On average, insurance for a Hyundai Nexo cost $4,078 per year.
Choosing the right car insurance is essential to avoid unexpected and expensive surprises later on. You need enough coverage to protect yourself from high out-of-pocket costs in case of an accident. Additionally, being at fault in an accident can lead to higher premiums.
With over ten years of experience studying car insurance rates, I’ve seen how much these costs can vary. Your age, driving history, and location all significantly impact your insurance premiums.
How Much Does A Hyundai Nexo Car Insurance Cost?
Hyundai Nexo drivers typically pay an average of $4,078 annually for car insurance.
While California Capital’s rate is a good starting point, car insurance costs can vary widely based on several factors. These include where you live, your driving history, the age of your car, and the coverage options you choose. A clean driving record usually means lower premiums, while accidents or traffic violations can increase your rates.
Living in a busy city typically results in higher insurance costs compared to living in a quiet rural area. The type of coverage you select also impacts your premium—comprehensive coverage, which includes both comprehensive and collision coverage, is more expensive than basic liability coverage.
At Insuranceopedia, we help you compare quotes from different insurance providers to ensure you get the best deal.
Average Insurance Cost Of Hyundai Nexo By Model Year
| Model Year | Average Premium |
| 2023 Hyundai Nexo | $5,419 |
| 2022 Hyundai Nexo | $1,442 |
| 2021 Hyundai Nexo | $3,003 |
| 2020 Hyundai Nexo | $3,850 |
| 2019 Hyundai Nexo | $2,603 |
2023 Hyundai Nexo Insurance Rates
The average annual insurance cost for a 2023 Hyundai Nexu is $5,419. However, California Capital offers the cheapest rates, averaging $3,722 per year.
| Insurance Provider | Average Annual Cost |
| Auto Club | $6,918 |
| State Farm | $5,029 |
| Mercury | $4,953 |
| Unitrin | $4,411 |
| California Capital | $3,722 |
| Metropolitan | $6,864 |
| USAA | $4,681 |
| Farmers | $4,624 |
| Alliance United | $6,277 |
| Allstate | $6,710 |
2022 Hyundai Nexo Insurance Rates
The average annual insurance cost for a 2022 Hyundai Nexu is $1,442. However, Allstate offers the cheapest rates, averaging $1,061 per year.
| Insurance Provider | Average Annual Cost |
| Allstate | $1,061 |
| Mercury | $1,884 |
| Unitrin | $1,382 |
2021 Hyundai Nexo Insurance Rates
The average annual insurance cost for a 2021 Hyundai Nexu is $3,003. However, Virginia Farm Bureau offers the cheapest rates, averaging $888 per year.
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $888 |
| Permanent General | $1,631 |
| State Farm | $3,330 |
| Mercury | $2,861 |
| California Capital | $3,728 |
| Direct General Insurance | $4,023 |
| Loya Insurance | $2,784 |
| Allied | $3,998 |
| Unitrin | $4,390 |
| Home State Ins Group | $2,399 |
2020 Hyundai Nexo Insurance Rates
The average annual insurance cost for a 2020 Hyundai Nexu is $3,850. However, Encompass offers the cheapest rates, averaging $1,077 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $4,938 |
| Farmers | $4,537 |
| Travelers | $2,358 |
| Encompass | $1,077 |
| USAA | $4,679 |
| California Capital | $3,741 |
| State Farm | $5,018 |
| Unitrin | $2,532 |
| Hanover | $4,834 |
| Bristol West | $4,781 |
2019 Hyundai Nexo Insurance Rates
The average annual insurance cost for a 2019 Hyundai Nexu is $2,603. However, Permanent General offers the cheapest rates, averaging $1,657 per year.
| Insurance Provider | Average Annual Cost |
| State Farm | $3,058 |
| Unitrin | $2,911 |
| Home State Ins Group | $2,397 |
| Esurance | $1,308 |
| Auto-Owners Insurance Co | $3,002 |
| Sentry | $3,192 |
| Loya Insurance | $2,825 |
| Encompass | $3,502 |
| Erie | $2,176 |
| Permanent General | $1,657 |
Find Affordable Hyundai Nexo Insurance Rates
Common Hyundai Nexo Insurance Discounts
Saving money on car insurance is possible through various discounts. While each provider has its own offers, some common ones you might qualify for include:
- Multi-policy discount – Bundling your auto and home insurance with the same company often results in lower rates.
- Annual payment discount – Paying your premium in full rather than in monthly installments can earn you a discount.
- Defensive driving discount – Completing an approved defensive driving course may make you eligible for reduced rates.
There may be additional discounts available to you. It’s a good idea to consult with your insurance agent to explore all the options you qualify for.
Compare Hyundai Nexo To Other Hyundai Models
Looking for other Hyundai model insurance costs?
- Hyundai Accent Car Insurance
- Hyundai Santa Fe Car Insurance
- Hyundai Tucson Car Insurance
- Hyundai Kona Car Insurance
- Hyundai Palisade Car Insurance
- Hyundai IONIQ Car Insurance
- Hyundai Elantra GT Car Insurance
- Hyundai Sonata Car Insurance
- Hyundai Veloster Car Insurance
- Hyundai Venue Car Insurance
- Hyundai Santa Fe XL Car Insurance
- Hyundai Veloster N Car Insurance
Our Methodology
Insuranceopedia calculated average car insurance costs by reviewing thousands of quotes from leading providers. Their sample profile featured a 40-year-old male driver with full coverage, including $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. However, actual insurance rates may vary based on individual factors.
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FAQs
Do You Need Insurance Before You Can Purchase A Hyundai Nexu?
Yes, you must show proof of insurance before driving your Hyundai Nexu off the dealership lot. The best approach is to purchase a policy in advance and inform your insurer about your upcoming car purchase, rather than relying on insurance offered by the dealership.
How Can You Get The Cheapest Insurance For Your Hyundai Nexu?
To find the most affordable insurance rates for your Hyundai Nexu, it’s best to compare quotes from multiple auto insurance providers. Insuranceopedia makes this process easy by allowing you to compare rates from different companies directly on their website.
