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.
Year of Hyundai Nexo Model | Average Cost to Insure |
---|---|
2020 | $2,250 |
2019 | $2,017 |
Compare Hyundai Nexo Insurance Rates by State
Company | Style | Full Coverage(Avg) | Liability Coverage(Avg) | State Minimum Coverage(Avg) |
---|---|---|---|---|
Allstate | 2WD 4 Door Utility Electric | $1,876 | $718 | $632 |
Geico | 2WD 4 Door Utility Electric | $1,419 | $479 | $339 |
Farmers | 2WD 4 Door Utility Electric | $2,153 | $1,064 | $920 |
Nationwide | 2WD 4 Door Utility Electric | $2,746 | $1,004 | $741 |
Progressive | 2WD 4 Door Utility Electric | $1,700 | $585 | $400 |
State Farm | 2WD 4 Door Utility Electric | $1,960 | $843 | $598 |
2020 Hyundai Nexo Insurance Rates
Rank | Companies | Average Premium |
---|---|---|
1 | Progressive | $1,568 |
2 | State Farm | $1,582 |
3 | Geico | $1,722 |
4 | Nationwide | $2,394 |
5 | Farmers | $2,612 |
6 | Allstate | $3,621 |
2019 Hyundai Nexo Insurance Rates
Rank | Companies | Average Premium |
---|---|---|
1 | Geico | $1,578 |
2 | State Farm | $1,654 |
3 | Progressive | $1,693 |
4 | Allstate | $2,291 |
5 | Farmers | $2,319 |
6 | Nationwide | $2,567 |