Key Takeaways
Finding affordable insurance for an executive sedan like the Genesis G80 might be a difficult task. In order to tackle the situation, you should learn more about how various factors influence the G80 insurance cost. Plus, you get to see the average rate comparison between various car models and carriers, according to the car model years. Go through to understand how to utilize the comparison tools, such as the Way app, to find the best insurer for your Genesis G80 in this detailed guide.
Genesis G80 insurance costs are one of the highest in the top mid-size luxury sedan segment. While comparing with models such as Lexus GS, Mercedes-Benz E-Class, and BMW 5 Series, the car model has higher average annual and monthly premium rates. As per the research conducted by this website, the average annual insurance rate of the car model is $257 more than the average of the selected make and models in the same segment. Go through the table below for better insights.
| Make & Model | Average Annual Rates | Average Monthly Rates |
|---|---|---|
| Lexus GS 350 | $1,284 | $107 |
| Mercedes-Benz E-Class | $1,632 | $136 |
| BMW 5 Series | $2,208 | $184 |
| G80 | $2,244 | $187 |
| Audi A6 | $2,568 | $214 |
Make, Model, and Value: Since Genesis is the face of Hyundai's luxury wing, the car makes and models quote more insurance when compared to the regular sedans. The model has advanced built-in features that are costly and have a higher loss risk. This is one of the prime reasons behind the high Genesis G80 insurance costs.
Engine Size & Performance: G80s are available mainly in three trims: 3.8L, 3.3T Sport, and 5.0L Ultimate. The engine size and performance vary as the trim names indicate. As the power and performance go up with these trims, the insurance rates also go higher. No matter how advanced the safety features are, such bestial performance is definitely classed as high-risk.
Vehicle Age (IDV): The car insurance value goes down with the older model years, in usual cases. This is due to the decline in the insurance declared value (IDV) as part of depreciation. Therefore, buying a decently performing older version of the car model could save a considerable amount on the Genesis G80 car insurance cost.
Safety & Anti-Theft Features: While the safety features of the car are up to the mark, you can add more anti-theft features to improve the vehicle's security. This could also include a secured garage parking. Such additions and built-in features can lower the car insurance rates.
Driver Profile & Behavior: From a clean driving record to your marriage status, many things could impact the Genesis G80 auto insurance rates. The insurance rates for male drivers are more than those of female drivers. Also, the previous claim rates are taken into consideration. Any record of a DUI, speed ticket, or at-fault accident will result in hefty insurance rates.
Coverage & Policy Aspects: You can choose the necessary coverage with the respective carriers. With a clean driving record, it might be good to opt for higher deductibles for older car model years. The IDVs go down year after year, and hence, sooner or later, the coverage amount won't compensate for the actual market price for the parts and repair costs.
Location & External Conditions: The crime rates, especially car theft rates in your location / ZIP codes, can directly influence the Genesis G80 car insurance rates. Also, if your location is frequently hit by natural disasters such as hurricanes or wildfires, the car insurance rates will go up.
One of the main things that affects how much your Genesis G80 Base insurance costs is how old your car is. The greater the age, the lower the insurance rates (usually). But in some specific cases, this trend might alter. For instance, if insurers find a specific model year with more failures, repairs, claim rates, theft rates, or even a high purchase rate, the car insurance cost goes higher. The table below shows average rates for selected G80 car model years.
| Genesis G80 Model Year | Average Annual Cost | Average Monthly Rate |
|---|---|---|
| 2020 Genesis G80 | $2,252 | $188 |
| 2019 Genesis G80 | $2,188 | $182 |
| 2018 Genesis G80 | $2,249 | $187 |
| 2017 Genesis G80 | $2,342 | $195 |
If you're looking for car insurance for a Genesis G80, you might be most interested in finding the cheapest company. Even though costs vary a lot from person to person, the lowest average rates for full coverage from Erie cost only $1,277. The rate is $967 cheaper than the overall average for the car model. Go through the rate comparison among the best-reviewed car insurance carriers in the table below and choose the best carrier for your Genesis G80.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Rate |
|---|---|---|
| Erie | $1,277 | $106 |
| Mercury | $1,307 | $109 |
| Tennessee Farmers | $1,380 | $115 |
| Nationwide | $1,465 | $122 |
| USAA | $1,476 | $123 |
| American Family | $1,600 | $133 |
| Plymouth Rock Insurance | $1,616 | $135 |
| State Farm | $1,791 | $149 |
| Acuity | $1,839 | $153 |
The 2020 Genesis G80 is going to cost you $2,252 on average per year. Yet, carriers like American Family, Mercury, and Erie offer far cheaper rates. Amongst the list of the cheapest insurers for the model year, Tennessee Farmers is the table topper. The provider offers an average annual rate of $1,317, annually. Here is the table with the list of cheap average rates and the respective insurance providers that offer them.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Rate |
|---|---|---|
| Tennessee Farmers | $1,317 | $110 |
| American Family | $1,410 | $118 |
| Mercury | $1,467 | $122 |
| Erie | $1,520 | $127 |
| Nationwide | $1,543 | $129 |
| 21st Century | $1,553 | $129 |
| USAA | $1,735 | $145 |
| State Farm | $1,823 | $152 |
| Auto Owners | $1,909 | $159 |
| Plymouth Rock Insurance | $1,994 | $166 |
| Farmers | $2,007 | $167 |
The 2019 Genesis G80 insurance rate is $2,188 on average, per year. While a few insurers, such as Cincinnati Insurance, USAA, and Mercury, offer cheaper premiums, Erie has the lowest average annual offer of $1,336. The table below shows the cheapest annual and monthly average rates offered for the Genesis G80 2019 model year.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Rate |
|---|---|---|
| Erie | $1,336 | $111 |
| Cincinnati Insurance | $1,398 | $117 |
| USAA | $1,426 | $119 |
| Mercury | $1,440 | $120 |
| Auto Owners | $1,473 | $123 |
| Nationwide | $1,494 | $125 |
| American Family | $1,518 | $127 |
| Safeco | $1,724 | $144 |
| Tennessee Farmers | $1,753 | $146 |
| State Farm | $1,764 | $147 |
| Acuity | $1,820 | $152 |
As per Way's research, the 2018 Genesis G80 insurance rates are higher compared to the newer 2019 version. The average annual insurance rate for the model year is $2,249. At the same time, Erie offers the cheapest average rate of $967 for full coverage. See more cheap rates offered by certain insurers in the table below.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Rate |
|---|---|---|
| Erie | $967 | $81 |
| Mercury | $1,171 | $98 |
| Tennessee Farmers | $1,281 | $107 |
| USAA | $1,292 | $108 |
| Nationwide | $1,371 | $114 |
| Plymouth Rock Insurance | $1,408 | $117 |
| Progressive | $1,701 | $142 |
| American Family | $1,746 | $146 |
| State Farm | $1,786 | $149 |
| Acuity | $1,893 | $158 |
| Safeco | $1,941 | $162 |
| Arbella | $2,092 | $174 |
Allmerica is the cheapest insurance company for the Genesis G80. While the overall average for the car model year is $2,342, the carrier's average offer stands at just $917. The premium rates are only based on eligibility. Go through the other cheap rates in the table below, offered by insurers such as Quincy Mutual, Cincinnati Insurance, Mercury, etc.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Rate |
|---|---|---|
| Allmerica | $917 | $76 |
| Quincy Mutual | $1,088 | $91 |
| Cincinnati Insurance | $1,141 | $95 |
| Mercury | $1,149 | $96 |
| Texas Farm Bureau | $1,266 | $106 |
| Tennessee Farmers | $1,283 | $107 |
| Erie | $1,284 | $107 |
| Plymouth Rock Insurance | $1,446 | $121 |
| USAA | $1,450 | $121 |
| Nationwide | $1,452 | $121 |
| American Family | $1,726 | $144 |
| Acuity | $1,804 | $150 |
With a suite of advanced features comes some of the best safety features in G80. While checking through the insurance cost for your car, let's peek into a few safety features of the G80 that might lower your car insurance cost.
G80 is a class of executive sedans with high safety ratings. The carriers often value the ratings, such as those awarded by various independent institutions. The overall better safety of the car model ensures more affordable insurance premiums. Go through the ratings acquired by G80 on various tests conducted by the IIHS.
| IIHS Test Type | Safety Ratings |
|---|---|
| Small overlap front: driver-side | Good |
| Small overlap front: passenger-side | Good |
| Moderate overlap front: original test | Good |
| Side: original test | Good |
| Roof strength | Good |
| Head restraints & seats | Good |
| Headlights | Good / Acceptable |
| Front crash prevention: vehicle-to-vehicle | Superior |
| Front crash prevention: pedestrian (day) | Advanced |
| LATCH ease of use | Marginal |
Also, here is an outline of the various tests conducted and ratings awarded for the car by the NHTSA.
| NHTSA Test Type | Safety Ratings |
|---|---|
| Frontal Barrier Driver & Passenger | 5 Star |
| Side Barrier Front Seat | 4 Star |
| Side Barrier Rear Seat | 5 Star |
| Side Pole | 5 Star |
| Side Barrier and Side Pole Front Seat | 4 Star |
| Side Barrier and Side Pole Rear Seat | 5 Star |
| Rollover Resistance | 5 Star |
| Dynamic Tip Result | No Tip |
| Rollover Risk | 9.50% |
Comparing the Genesis G80 car insurance quotes from multiple carriers is the most effective method to find the best insurance provider for your favorite luxury sedan. To browse different types of car insurance, you can either visit the insurers one after another or use insurance comparison tools such as the Way app. While doing this, remember the following steps to get the most accurate quotes.
Tailor Your Coverage: It is always wise to opt for full coverage for newer models, as you would enjoy the complete benefit in case of a collision or total loss. At the same time, if you look at the rates for the same coverage for an older model year, it doesn't make any sense.
Leverage Discounts: Check various discounts offered by the selected insurers and choose the carrier that gives you the best advantage. Several discounts are available, such as multi-policy, usage-based, etc.
Accurate car and driver info: While visiting the websites, enter each information with the best accuracy. Any change in these details could end in an incorrect insurance rate.
Review Annually: Due to inflation, depreciation, claim rates, etc., the Genesis G80 car insurance rates vary. Therefore, there is a good chance for you to find better rates with other carriers. So, review the coverages, deductibles, and insurers annually.
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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
The Genesis G80 car insurance cost is $2,244 on average per year. The rates vary due to the major factors that impact the car insurance rates, such as Make, Model, Value, etc.
Yes, Genesis cars are expensive when compared to sedans and even for a luxury executive car. The car insurance rate is higher than that of leading models in this segment, such as the Lexus GS, Mercedes-Benz E-Class, and BMW 5 Series.
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