- Car insurance rates for a Genesis GV70 average $1,734 per year or around $145 per month, but can vary based on the age of the rated driver.
- Ranked #22 out of 34 small luxury SUVs for 2022, insurance for a Genesis GV70 costs $33 more per year than the average cost for the segment.
- The cheapest GV70 to insure is the 2.5T Standard AWD trim level at an estimated $1,602 per year. The most expensive is the 3.5T Sport Prestige AWD at $1,844 annually.
How much does Genesis GV70 insurance cost?
Genesis GV70 insurance averages around $1,734 annually for full coverage. With MSRP ranging from $41,500 to $62,500 for the 2022 model, monthly insurance rates range from $134 to $154.
Drivers can expect to pay approximately $33 more each year to insure a Genesis GV70 compared to the average rate for small luxury SUVs, and $183 more per year than the $1,551 national average for all vehicles combined.
The next price chart details how GV70 insurance rates can change based on factors like driver age and policy deductibles. Prices in the example range from $1,302 per year for a 60-year-old driver with $1,000 deductibles up to $4,038 annually for a 20-year-old driver with $250 deductibles.
The trim level of the model you’re insuring also impacts the final car insurance cost. The table below displays the estimated yearly and 6-month policy costs, plus a monthly insurance rate, for each 2022 Genesis GV70 model trim level.
| Genesis GV70 Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| 2.5T Standard AWD | $1,602 | $801 | $134 |
| 2.5T Select AWD | $1,666 | $833 | $139 |
| 2.5T Advanced AWD | $1,720 | $860 | $143 |
| 2.5T Sport Prestige AWD | $1,754 | $877 | $146 |
| 3.5T Sport AWD | $1,754 | $877 | $146 |
| 3.5T Sport Advanced AWD | $1,802 | $901 | $150 |
| 3.5T Sport Prestige AWD | $1,844 | $922 | $154 |
The trim level is one factor that impact car insurance rates, but there are many other things that contribute to the price you pay. The list below details some situations where rates my be higher or lower than the average rate, plus some ways that you can get cheaper insurance on a GV70.
- Older drivers tend to pay less than younger drivers. The difference in GV70 insurance cost between a 60-year-old driver ($1,550 per year) and a 30-year-old driver ($1,832 per year) is $282, or a savings of 15.4%.
- Raising deductibles results in a cheaper policy. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $276 per year for a 40-year-old driver and $546 per year for a 20-year-old driver.
- Lowering deductibles results in a more expensive policy. Lowering the comprehensive and collision deductibles from $500 to $250 could cost an additional $290 per year for a 40-year-old driver and $576 per year for a 20-year-old driver.
- High-risk drivers pay a lot more for insurance. For a 50-year-old driver, being required to buy a high-risk insurance policy can increase the cost by $2,052 or more per year.
- Genesis GV70 insurance for teen drivers is expensive. Average rates for full coverage GV70 insurance costs $6,196 per year for a 16-year-old driver, $5,810 per year for a 17-year-old driver, $5,432 per year for a 18-year-old driver, and $4,924 per year for a 19-year-old driver.
- Credit ratings can impact car insurance rates. Insureds with excellent credit scores of 800+ may save $272 per year compared to a good rating of 670-739. Conversely, a weak credit score could cost as much as $316 more per year.
- Get cheaper rates by avoiding traffic tickets. To pay the most affordable price on GV70 insurance rates, it’s necessary to follow the law. As a matter of fact, just a couple minor infractions could possibly increase the cost of a policy by at least $458 per year. Serious moving violations such as a DWI could raise rates by an additional $1,604 or more.
How does GV70 car insurance cost rank?
The Genesis GV70 ranks #22 out of 34 comparison vehicles in the 2022 small luxury SUV segment for most affordable insurance cost.
The GV70 costs an average of $1,734 per year to insure for full coverage, while the segment average rate is $1,701 per year, a difference of $33 per year.
When compared to the other compact luxury SUV models, auto insurance rates for a Genesis GV70 cost $120 less per year than the BMW X3, $22 less than the Audi Q5, and $130 more than the Mercedes-Benz GLC300.
The next table ranks insurance cost for all 2022 compact luxury SUVs, and shows the Genesis GV70 ranking at #22.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Acura RDX | $1,298 | -$436 |
| 2 | Cadillac XT4 | $1,330 | -$404 |
| 3 | Volvo XC40 | $1,456 | -$278 |
| 4 | Lexus NX 250 | $1,504 | -$230 |
| 5 | BMW X1 | $1,506 | -$228 |
| 6 | Lexus NX 350h | $1,514 | -$220 |
| 7 | Lexus UX 250h | $1,516 | -$218 |
| 8 | Lexus NX 350 | $1,542 | -$192 |
| 9 | Lexus UX 200 | $1,548 | -$186 |
| 10 | Lexus NX 450h | $1,584 | -$150 |
| 11 | Mercedes-Benz GLB 250 | $1,590 | -$144 |
| 12 | Land Rover Evoque | $1,600 | -$134 |
| 13 | Lincoln Corsair | $1,602 | -$132 |
| 14 | Mercedes-Benz GLC300 | $1,604 | -$130 |
| 15 | Volvo C40 | $1,618 | -$116 |
| 16 | Mercedes-Benz GLA250 | $1,620 | -$114 |
| 17 | Volvo XC60 | $1,626 | -$108 |
| 18 | BMW X2 | $1,678 | -$56 |
| 19 | Audi Q3 | $1,700 | -$34 |
| 20 | Mercedes-Benz GLA35 AMG | $1,704 | -$30 |
| 21 | Infiniti QX55 | $1,714 | -$20 |
| 22 | Genesis GV70 | $1,734 | -- |
| 23 | Mercedes-Benz GLA45 AMG | $1,754 | $20 |
| 24 | Audi Q5 | $1,756 | $22 |
| 25 | Audi Q4 | $1,776 | $42 |
| 26 | Land Rover Defender | $1,786 | $52 |
| 27 | Land Rover Range Rover Velar | $1,792 | $58 |
| 28 | Alfa Romeo Stelvio | $1,828 | $94 |
| 29 | BMW X3 | $1,854 | $120 |
| 30 | Porsche Macan | $1,918 | $184 |
| 31 | Jaguar I-Pace | $1,958 | $224 |
| 32 | Jaguar F-Pace | $2,012 | $278 |
| 33 | BMW X4 | $2,066 | $332 |
| 34 | Aston Martin DBX | $2,750 | $1,016 |
