Ashlee Tilford Written by Ashlee Tilford
Managing Editor

Ashlee is a dynamic business writer and editor with a focus on personal finance. With an MBA and more than fourteen years in the finance industry, Ashlee brings a practical and relatable perspective to insurance topics. She is passionate about empowering others to achieve financial success and protect their assets. When Ashlee isn't writing and editing, she enjoys spending time with her partner, dog and chickens on their farm in Kentucky.


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Insurance.com research suggests that the cost of insuring a Hyundai Nexo is estimated to be around $2,281 annually or $190 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 2023 Hyundai Nexo costs $2,281 per year, while its 2022 equivalent costs $1,912 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

Year of Hyundai Nexo ModelAverage Cost to Insure
2023$2,281
2022$1,912
2021$1,959
2020$2,351
2019$2,017
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Compare Hyundai Nexo insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Allstate2WD 4 Door Utility Electric$3,911
Geico2WD 4 Door Utility Electric$2,800
Farmers2WD 4 Door Utility Electric$2,873
Nationwide2WD 4 Door Utility Electric$2,970
Progressive2WD 4 Door Utility Electric$1,722
State Farm2WD 4 Door Utility Electric$2,606

Hyundai Nexo insurance rates per year

2023

2023 Hyundai Nexo insurance rates

Average cost to insure $2,281
Annual cheapest rate $1,487
Available trims Blue, Limited
RankCompanyAverage annual premium
1Geico$1,487
2State Farm$1,780
3Progressive$1,785
4Nationwide$1,799
5Farmers$2,895
6Allstate$3,941
2022

2022 Hyundai Nexo insurance rates

Average cost to insure $1,912
Annual cheapest rate $1,283
Available trims Blue, Limited
RankCompanyAverage annual premium
1Geico$1,283
2State Farm$1,518
3Progressive$1,518
4Nationwide$1,627
5Farmers$2,101
6Allstate$3,422
2021

2021 Hyundai Nexo insurance rates

Average cost to insure $1,959
Annual cheapest rate $1,213
Available trims Blue, Limited
RankCompanyAverage annual premium
1Progressive$1,213
2State Farm$1,418
3Geico$1,504
4Nationwide$1,953
5Farmers$2,109
6Allstate$3,555
2020

2020 Hyundai Nexo insurance rates

Average cost to insure $2,351
Annual cheapest rate $1,526
Available trims Blue, Limited
RankCompanyAverage annual premium
1Progressive$1,526
2State Farm$1,636
3Geico$1,722
4Farmers$1,966
5Allstate$3,621
6Nationwide$3,637
2019

2019 Hyundai Nexo insurance rates

Average cost to insure $2,017
Annual cheapest rate $1,578
Available trims Blue, Limited
RankCompanyAverage annual premium
1Geico$1,578
2State Farm$1,654
3Progressive$1,693
4Allstate$2,291
5Farmers$2,319
6Nationwide$2,567
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