Genesis GV60 Insurance Cost for 2023

How much is car insurance for a Genesis GV60?

We analyzed prices for the Advanced AWD trim up to the Performance AWD model to see how insurance on the GV60 ranks when compared to the entire 2023 small luxury SUV segment.

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  • GV60 insurance costs an average of $1,958 per year, or around $163 per month for full coverage.
  • The GV60 Advanced AWD trim level is the cheapest to insure at around $1,932 per year. The most expensive trim is the Performance AWD at $1,984 per year.
  • Ranked 24th out of 37 vehicles in the 2023 small luxury SUV segment, average car insurance rates for the Genesis GV60 cost $49 more per year than the segment average.

How much does Genesis GV60 insurance cost?

Genesis GV60 insurance costs on average $1,958 annually for full coverage, or $163 on a monthly basis. Expect to pay about $49 more per year for Genesis GV60 insurance compared to the average rate for all small luxury SUVs, and $273 more per year than the $1,685 average for all vehicles.

The chart below shows average insurance cost on a GV60 using variations of risk profiles and driver ages.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Genesis GV60 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Genesis GV60 trim levels.Data last updated on December 30, 2022
Genesis GV60 Insurance Cost Summary
2023 Genesis GV60 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,468$372
Safe Driver Age 20$3,912$326
At-fault Accidents Age 40$2,752$229
Low Deductibles Age 40$2,614$218
Safe Driver Age 30$2,078$173
Safe Driver Age 40$1,958$163
Safe Driver Age 50$1,786$149
Safe Driver Age 60$1,754$146
Discount Rate Age 40$1,628$136
High Deductibles Age 40$1,626$136

The rate table below details the average annual and semi-annual policy costs, plus a monthly budget estimate, for each 2023 Genesis GV60 model trim level.

2023 Genesis GV60 Insurance Cost by Trim Level
Genesis GV60 Trim Level Annual Policy Six-Month Policy Per Month
Advanced AWD$1,932$966$161
Performance AWD$1,984$992$165

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Genesis GV60, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Genesis GV60 Insurance Cost by Trim Level

How do Genesis GV60 insurance prices rank?

The Genesis GV60 ranks 24th out of 37 total comparison vehicles in the small luxury SUV segment for most affordable auto insurance rates. The GV60 costs an estimated $1,958 per year for full coverage insurance, while the class median rate is $1,909 per year, a difference of $49 more per year.

When compared to other popular small luxury SUVs, car insurance rates for a Genesis GV60 cost $160 more per year than the Mercedes-Benz GLC300, $118 less than the BMW X3, and $32 less than the Audi Q5.

The following chart shows how Genesis GV60 insurance rates compare to the most popular small luxury SUVs like the Volvo XC60, Mercedes-Benz GLB 250, and the Cadillac XT4. A rate table with more models is included following the chart showing insurance cost for the entire 37 vehicle small luxury SUV segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Genesis GV60, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Genesis GV60 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
Genesis GV60 Insurance Cost vs Top 10 Small Luxury SUVs
Genesis GV60 Insurance Cost Compared to All Small Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Acura RDX$1,472-$486
2Cadillac XT4$1,592-$366
3Volvo XC40$1,622-$336
4Lexus UX 250h$1,650-$308
5Mercedes-Benz GLA250$1,712-$246
6Mercedes-Benz GLB 250$1,718-$240
7Lexus NX 250$1,740-$218
8Lexus NX 350h$1,760-$198
9Lexus NX 350$1,770-$188
10Lincoln Corsair$1,772-$186
11Lexus NX 450h$1,776-$182
12BMW X1$1,788-$170
13Alfa Romeo Tonale$1,790-$168
14Mercedes-Benz GLC300$1,798-$160
15Lexus RZ 450e$1,802-$156
16Volvo XC60$1,806-$152
17Audi Q3$1,820-$138
18Land Rover Evoque$1,828-$130
19Volvo C40$1,846-$112
20Infiniti QX55$1,908-$50
21Mercedes-Benz GLA35 AMG$1,914-$44
22Genesis GV70$1,944-$14
23Mercedes-Benz EQB 300$1,954-$4
24Genesis GV60$1,958--
25Mercedes-Benz GLA45 AMG$1,968$10
26Alfa Romeo Stelvio$1,978$20
27Audi Q5$1,990$32
28Land Rover Range Rover Velar$1,996$38
29Mercedes-Benz EQB 350$2,000$42
30BMW X4$2,038$80
31Land Rover Defender$2,044$86
32Jaguar F-Pace$2,054$96
33Audi Q4$2,066$108
34Porsche Macan$2,070$112
35BMW X3$2,076$118
36Jaguar I-Pace$2,194$236
37Aston Martin DBX$3,424$1,466

Seven ways to save on GV60 insurance

Car insurance isn’t exactly cheap for the 2023 Genesis GV60, so here are six ways you can help make sure you are paying the cheapest rates for insurance.

  • Earn a discount from your choice of occupation. Most auto insurance companies offer discounts for being employed in occupations like high school and elementary teachers, accountants, lawyers, members of the military, college professors, architects, and others. If your profession qualifies you for this discount, you may save between $59 and $178 on your annual insurance bill, subject to policy limits.
  • GV60 insurance rates for teenagers are high. Average rates for full coverage GV60 insurance costs $6,876 per year for a 16-year-old driver, $6,482 per year for a 17-year-old driver, $6,076 per year for an 18-year-old driver, and $5,534 per year for a 19-year-old driver.
  • Obey the law to get lower rates. If you want to get the lowest GV60 insurance rates, it pays to follow traffic laws. In fact, just a few traffic citations could possibly increase insurance policy rates by up to $514 per year.
  • Good credit scores mean better rates. Drivers who have credit scores over 800 may save $307 per year over a credit score between 670-739. Conversely, a weaker credit score below 579 could cost as much as $356 more per year.
  • Be a safe driver and save on insurance. Having frequent accidents may increase rates, potentially up to $916 per year for a 30-year-old driver and even $586 per year for a 60-year-old driver.
  • Increase deductibles to save money. Raising your policy deductibles from $500 to $1,000 could save around $332 per year for a 40-year-old driver and $658 per year for a 20-year-old driver.
  • Choosing a low deductible will increase insurance policy cost. Lowering deductibles from $500 to $250 could cost an additional $350 per year for a 40-year-old driver and $696 per year for a 20-year-old driver.