Key Takeaways
Genesis models are relatively expensive to insure compared to other luxury car brands. Insurance companies sometimes offer lower insurance premiums for certain Genesis models due to their good safety features and fewer risk factors. At the same time, certain trims of Genesis models usually have higher insurance rates as they are included in the higher-performance category. Let's go through the insurance rates of selected Genesis models and the rates offered by various carriers.
Insuring a Genesis model will cost you $2,373 per year for a full coverage policy. Numerous factors affect the Genesis car insurance cost. The cost to insure a Genesis model is above average when compared to that of other luxury brands. Factors like a driver's age, location, credit score, and driving record are all considered when determining insurance premiums. In addition, the model and trim level of the Genesis car you own also determines the insurance premium you pay.
Luxury Brands | Average Monthly Cost | Average Annual Cost |
---|---|---|
BMW | $143 | $1,716 |
Volvo | $148 | $1,776 |
Cadillac | $156 | $1,872 |
Lincoln | $168 | $2,012 |
Acura | $169 | $2,023 |
Infiniti | $179 | $2,151 |
Lexus | $193 | $2,318 |
Genesis | $198 | $2,373 |
Audi | $205 | $2,462 |
Mercedes-Benz | $214 | $2,567 |
Comparing quotes from different insurers is one method to find the cheapest deal on auto insurance prices. Texas Farm Bureau offers the cheapest Genesis car insurance at $948 per annum. With an average annual premium of $1,480, Nationwide offers the most expensive Genesis insurance rates. The auto insurance rates of the cheapest providers for different Genesis models are given below.
Cheapest Company | Average Monthly Cost | Average Annual Cost |
---|---|---|
Texas Farm Bureau | $79 | $948 |
Erie | $93 | $1,118 |
Plymouth Rock Insurance | $94 | $1,129 |
USAA | $103 | $1,236 |
Progressive | $114 | $1,371 |
Vermont Mutual | $117 | $1,400 |
Tennessee Farmers | $117 | $1,407 |
Mercury | $119 | $1,431 |
American Family | $119 | $1,432 |
Nationwide | $123 | $1,480 |
The Genesis model you choose has a big role in determining the insurance cost you may have to pay, especially when comparing quotes. Being a luxury brand, some Genesis models have average annual full coverage premium rates that exceed the national average.
Genesis Model | Average Monthly Cost | Average Annual Cost |
---|---|---|
Genesis G80 | $127 | $1,524 |
Genesis Coupe | $97 | $1,164 |
The average annual insurance rate for a Genesis G80 is $1,524. The cheapest insurer for this model is Erie, with an annual premium of $1,369. Mercury also offers competitive rates at $1,375 per year.
Company | Average Monthly Cost | Average Annual Cost |
---|---|---|
Erie | $114 | $1,369 |
Mercury | $115 | $1,375 |
Tennessee Farmers | $119 | $1,424 |
American Family | $119 | $1,432 |
Nationwide | $121 | $1,456 |
USAA | $125 | $1,500 |
Auto Owners | $140 | $1,679 |
State Farm | $150 | $1,805 |
Acuity | $152 | $1,820 |
Plymouth Rock Insurance | $152 | $1,822 |
On average, it costs around $1,164 per year to insure a Genesis Coupe. Erie offers the cheapest average rate for the car model, $866 per year. Texas Farm Bureau is the next best option with an average annual premium of $948.
Company | Average Monthly Cost | Average Annual Cost |
---|---|---|
Erie | $72 | $866 |
Texas Farm Bureau | $79 | $948 |
USAA | $81 | $971 |
Plymouth Rock | $94 | $1,129 |
State Farm | $107 | $1,288 |
Progressive | $114 | $1,371 |
Tennessee Farmers | $116 | $1,389 |
Vermont Mutual | $117 | $1,400 |
Mercury | $124 | $1,486 |
Nationwide | $125 | $1,504 |
It is really easy to get car insurance quotes with Way.com. All you need to do is download the Way app or log in to our website. On our platform, you can compare offers from more than 140 different insurance providers. This will help you select the most suitable option to reduce your Genesis car insurance costs.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Way.com’s Insurance Broker Quote Data
Genesis car insurance costs generally fall in the middle range, at $2,373 per year for a full coverage policy. However, your premiums may vary depending on the model, the insurance company you select, and additional factors like your driving record and where you live.
The cost to insure a Genesis model falls above the midrange compared to that of other luxury car brands, making it moderately affordable.
The cost to insure a Genesis Coupe is around $1,164 per year on average.
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