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Insurance.com research suggests that the cost of insuring a Hyundai Nexo is estimated to be around $2,250 annually or $187 monthly. It's important for drivers to consider these rates when assessing their insurance needs. These rates can increase based on your driving record, location, age, and other factors.

Auto insurance rates vary depending on the model year. For instance, average car insurance rates for a 2020 Hyundai Nexo costs $2,250 per year, while its 2019 equivalent costs $2,017 per year.

Regardless of your chosen model year, you can find a competitive carrier that meets your needs and budget. Insurance.com conducted data analysis and discovered which cars offer the most affordable insurance rates based on model year and whether one specific model is cheaper to insure than others.

Read on to learn in detail about these cost-effective auto policies for Hyundai Nexo.

Average insurance cost of Hyundai Nexo by model year
Graph
Table
Year of Hyundai Nexo ModelAverage Cost to Insure
2020$2,250
2019$2,017

Compare Hyundai Nexo Insurance Rates by State

L O A D I N G
Company Style Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate2WD 4 Door Utility Electric$1,876$718$632
Geico2WD 4 Door Utility Electric$1,419$479$339
Farmers2WD 4 Door Utility Electric$2,153$1,064$920
Nationwide2WD 4 Door Utility Electric$2,746$1,004$741
Progressive2WD 4 Door Utility Electric$1,700$585$400
State Farm2WD 4 Door Utility Electric$1,960$843$598

2020 Hyundai Nexo Insurance Rates

Average Cost to Insure $2,250
Annual Cheapest Rate $1,568
Available Trims Blue, Limited
RankCompaniesAverage Premium
1Progressive$1,568
2State Farm$1,582
3Geico$1,722
4Nationwide$2,394
5Farmers$2,612
6Allstate$3,621

2019 Hyundai Nexo Insurance Rates

Average Cost to Insure $2,017
Annual Cheapest Rate $1,578
Available Trims Blue, Limited
RankCompaniesAverage Premium
1Geico$1,578
2State Farm$1,654
3Progressive$1,693
4Allstate$2,291
5Farmers$2,319
6Nationwide$2,567

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