- Car insurance rates for a Genesis GV70 average $1,944 per year or around $162 per month, but can vary based on the age of the rated driver.
- Ranked 22nd out of 37 small luxury SUVs for 2023, insurance for a Genesis GV70 costs $35 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 $1,794 per year. The most expensive is the 3.5T Sport Prestige AWD at $2,066 annually.
How much does Genesis GV70 insurance cost?
Genesis GV70 insurance averages around $1,944 annually for full coverage. With MSRP ranging from $42,900 to $64,900 for the 2023 model, monthly insurance rates range from $150 to $172.
Drivers can expect to pay approximately $35 more each year to insure a Genesis GV70 compared to the average rate for small luxury SUVs, and $259 more per year than the $1,685 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 $1,464 per year for a 60-year-old driver with $1,000 deductibles up to $4,532 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 2023 Genesis GV70 model trim level.
| Genesis GV70 Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| 2.5T Standard AWD | $1,794 | $897 | $150 |
| 2.5T Select AWD | $1,860 | $930 | $155 |
| 2.5T Advanced AWD | $1,928 | $964 | $161 |
| 3.5T Sport AWD | $1,968 | $984 | $164 |
| 2.5T Sport Prestige AWD | $1,978 | $989 | $165 |
| 3.5T Sport Advanced AWD | $2,024 | $1,012 | $169 |
| 3.5T Sport Prestige AWD | $2,066 | $1,033 | $172 |
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 ($1,740 per year) and a 30-year-old driver ($2,054 per year) is $314, or a savings of 16.6%.
- Raising deductibles results in a cheaper policy. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $310 per year for a 40-year-old driver and $616 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 $328 per year for a 40-year-old driver and $646 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 $2,302 or more per year.
- Genesis GV70 insurance for teen drivers is expensive. Average rates for full coverage GV70 insurance costs $6,954 per year for a 16-year-old driver, $6,520 per year for a 17-year-old driver, $6,096 per year for an 18-year-old driver, and $5,526 per year for a 19-year-old driver.
- Credit ratings can impact car insurance rates. Insureds with excellent credit scores of 800+ may save $305 per year compared to a good rating of 670-739. Conversely, a weak credit score could cost as much as $354 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 $516 per year. Serious moving violations such as a DWI could raise rates by an additional $1,802 or more.
How does GV70 car insurance cost rank?
The Genesis GV70 ranks 22nd out of 37 comparison vehicles in the 2023 small luxury SUV segment for most affordable insurance cost.
The GV70 costs an average of $1,944 per year to insure for full coverage, while the segment average rate is $1,909 per year, a difference of $35 per year.
When compared to the other compact luxury SUV models, auto insurance rates for a Genesis GV70 cost $132 less per year than the BMW X3, $46 less than the Audi Q5, and $146 more than the Mercedes-Benz GLC300.
The next table ranks insurance cost for all 2023 compact luxury SUVs, and shows the Genesis GV70 ranking at 22nd.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Acura RDX | $1,472 | -$472 |
| 2 | Cadillac XT4 | $1,592 | -$352 |
| 3 | Volvo XC40 | $1,622 | -$322 |
| 4 | Lexus UX 250h | $1,650 | -$294 |
| 5 | Mercedes-Benz GLA250 | $1,712 | -$232 |
| 6 | Mercedes-Benz GLB 250 | $1,718 | -$226 |
| 7 | Lexus NX 250 | $1,740 | -$204 |
| 8 | Lexus NX 350h | $1,760 | -$184 |
| 9 | Lexus NX 350 | $1,770 | -$174 |
| 10 | Lincoln Corsair | $1,772 | -$172 |
| 11 | Lexus NX 450h | $1,776 | -$168 |
| 12 | BMW X1 | $1,788 | -$156 |
| 13 | Alfa Romeo Tonale | $1,790 | -$154 |
| 14 | Mercedes-Benz GLC300 | $1,798 | -$146 |
| 15 | Lexus RZ 450e | $1,802 | -$142 |
| 16 | Volvo XC60 | $1,806 | -$138 |
| 17 | Audi Q3 | $1,820 | -$124 |
| 18 | Land Rover Evoque | $1,828 | -$116 |
| 19 | Volvo C40 | $1,846 | -$98 |
| 20 | Infiniti QX55 | $1,908 | -$36 |
| 21 | Mercedes-Benz GLA35 AMG | $1,914 | -$30 |
| 22 | Genesis GV70 | $1,944 | -- |
| 23 | Mercedes-Benz EQB 300 | $1,954 | $10 |
| 24 | Genesis GV60 | $1,958 | $14 |
| 25 | Mercedes-Benz GLA45 AMG | $1,968 | $24 |
| 26 | Alfa Romeo Stelvio | $1,978 | $34 |
| 27 | Audi Q5 | $1,990 | $46 |
| 28 | Land Rover Range Rover Velar | $1,996 | $52 |
| 29 | Mercedes-Benz EQB 350 | $2,000 | $56 |
| 30 | BMW X4 | $2,038 | $94 |
| 31 | Land Rover Defender | $2,044 | $100 |
| 32 | Jaguar F-Pace | $2,054 | $110 |
| 33 | Audi Q4 | $2,066 | $122 |
| 34 | Porsche Macan | $2,070 | $126 |
| 35 | BMW X3 | $2,076 | $132 |
| 36 | Jaguar I-Pace | $2,194 | $250 |
| 37 | Aston Martin DBX | $3,424 | $1,480 |
