- GV60 insurance costs an average of $2,308 per year, or around $192 per month for full coverage.
- The GV60 Standard trim level is the cheapest to insure at around $2,174 per year. The most expensive trim is the Performance AWD at $2,432 per year.
- Ranked 33rd out of 38 vehicles in the 2024 small luxury SUV segment, average car insurance rates for the Genesis GV60 cost $250 more per year than the segment average.
How much does Genesis GV60 insurance cost?
Genesis GV60 insurance costs on average $2,308 annually for full coverage, or $192 on a monthly basis. Expect to pay about $250 more per year for Genesis GV60 insurance compared to the average rate for all small luxury SUVs, and $425 more per year than the $1,883 average for all vehicles.
The chart below shows average insurance cost on a GV60 using variations of risk profiles and driver ages.
The rate table below details the average annual and semi-annual policy costs, plus a monthly budget estimate, for each 2024 Genesis GV60 model trim level.
| 2024 Genesis GV60 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Standard | $2,174 | $181 |
| Advanced AWD | $2,318 | $193 |
| Performance AWD | $2,432 | $203 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated February 23, 2024
How do Genesis GV60 insurance prices rank?
The Genesis GV60 ranks 33rd out of 38 total comparison vehicles in the small luxury SUV segment for most affordable auto insurance rates. The GV60 costs an estimated $2,308 per year for full coverage insurance, while the class median rate is $2,058 per year, a difference of $250 more per year.
When compared to other popular small luxury SUVs, car insurance rates for a Genesis GV60 cost $274 more per year than the Mercedes-Benz GLC300, $70 more than the BMW X3, and $198 more 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 38 vehicle small luxury SUV segment.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Acura RDX | $1,586 | -$722 |
| 2 | Lexus NX 250 | $1,680 | -$628 |
| 3 | Cadillac XT4 | $1,712 | -$596 |
| 4 | Lexus NX 350h | $1,790 | -$518 |
| 5 | Lincoln Corsair | $1,814 | -$494 |
| 6 | Mercedes-Benz GLB 250 | $1,816 | -$492 |
| 7 | Lexus UX 250h | $1,818 | -$490 |
| 8 | Lexus NX 450h | $1,830 | -$478 |
| 9 | Mercedes-Benz GLA250 | $1,844 | -$464 |
| 10 | Mercedes-Benz GLA35 AMG | $1,856 | -$452 |
| 11 | Land Rover Evoque | $1,894 | -$414 |
| 12 | Lexus NX 350 | $1,904 | -$404 |
| 13 | Volvo XC40 | $1,910 | -$398 |
| 14 | Volvo XC60 | $1,920 | -$388 |
| 15 | Alfa Romeo Tonale | $1,926 | -$382 |
| 16 | Mercedes-Benz GLA45 AMG | $1,936 | -$372 |
| 17 | BMW X1 | $1,958 | -$350 |
| 18 | Infiniti QX55 | $1,964 | -$344 |
| 19 | Volvo C40 | $1,978 | -$330 |
| 20 | BMW X2 | $1,986 | -$322 |
| 21 | Lexus RZ 450e | $2,008 | -$300 |
| 22 | Mercedes-Benz EQB 300 | $2,018 | -$290 |
| 23 | Mercedes-Benz GLC300 | $2,034 | -$274 |
| 24 | Mercedes-Benz EQB 350 | $2,066 | -$242 |
| 25 | Genesis GV70 | $2,092 | -$216 |
| 26 | Audi Q3 | $2,102 | -$206 |
| 27 | Audi Q5 | $2,110 | -$198 |
| 28 | Alfa Romeo Stelvio | $2,130 | -$178 |
| 29 | Land Rover Range Rover Velar | $2,156 | -$152 |
| 30 | BMW X4 | $2,198 | -$110 |
| 31 | Audi Q4 | $2,216 | -$92 |
| 32 | BMW X3 | $2,238 | -$70 |
| 33 | Genesis GV60 | $2,308 | -- |
| 34 | Porsche Macan | $2,342 | $34 |
| 35 | Jaguar I-Pace | $2,370 | $62 |
| 36 | Land Rover Defender | $2,464 | $156 |
| 37 | Jaguar F-Pace | $2,536 | $228 |
| 38 | Aston Martin DBX | $3,696 | $1,388 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated February 23, 2024
Seven ways to save on GV60 insurance
Car insurance isn’t exactly cheap for the 2024 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 $69 and $185 on your annual insurance bill, subject to policy limits.
- GV60 insurance rates for teenagers are high. Average rates for full coverage GV60 insurance costs $8,191 per year for a 16-year-old driver, $7,972 per year for a 17-year-old driver, $7,212 per year for an 18-year-old driver, and $6,534 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 $614 per year.
- Good credit scores mean better rates. Drivers who have credit scores over 800 may save $362 per year over a credit score between 670-739. Conversely, a weaker credit score below 579 could cost as much as $420 more per year.
- Be a safe driver and save on insurance. Having frequent accidents may increase rates, potentially up to $1,120 per year for a 30-year-old driver and even $554 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 $390 per year for a 40-year-old driver and $770 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 $406 per year for a 40-year-old driver and $818 per year for a 20-year-old driver.