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Key Takeaways
- Older Genesis models that aren't leased or financed cost less to fix or replace than current models, resulting in lower insurance premiums.
- Texas Farm Bureau offers the cheapest insurance rate for Genesis models, with an average annual insurance premium of $948.
- The cost to insure a Genesis model is above average compared to that of other luxury car brands.
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.
How Much Does It Cost to Insure a Genesis?
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 |
Genesis Car Insurance by Company
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 best-reviewed car insurance carriers 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 |
Genesis Car Insurance by Model
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 |
Genesis G80 Insurance Rates
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. Check your estimated car insurance rate for G80 from selected carriers in the table below.
| 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 |
Genesis Coupe Insurance Rate
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. Find low-cost car insurance deals in the table below.
| 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 |
How Do I Find the Best Genesis Car Insurance Rates?
- You should always research the market and analyze the insurance trends before purchasing your Genesis insurance. It could be tempting to choose a provider that offers a low rate. However, it's always better to apply for multiple free insurance quotes and see all your coverage options from as many companies as you can. You can apply individually or make use of an insurance platform like Way.com.
- The best approach for finding the right policy is to analyze all of your options. Only choose a provider who offers a balance of low rates and comprehensive coverage. Ask for available discounts like multi-policy, good student, loyalty, and senior citizen that can lower your insurance costs.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don't always mean the best, so consider spending a little bit more to get comprehensive coverage. You can also save more on your Genesis insurance cost by bundling your home and car insurance policies.
How to Get Genesis Car Insurance with Way.com
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.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
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
DATA SOURCES
Way.com’s Insurance Broker Quote Data
Frequently Asked Questions
How much does it cost to insure Genesis Models?
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.
Are Genesis models expensive to insure?
The cost to insure a Genesis model falls above the midrange compared to that of other luxury car brands, making it moderately affordable.
How much does it cost to insure a Genesis Coupe?
The cost to insure a Genesis Coupe is around $1,164 per year on average.
Genesis Car insurance cost by model
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