Genesis G70 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Genesis G70 is more expensive to insure compared to the average car.
• Liability car insurance for a G70 averages around $98 per month, while full coverage generally runs about $283.
• Freedom offers the lowest average rates for a G70 with liability only coverage offered for as low as $39 monthly.

G70 Overview

With a base price of just $36,000 for 2021 models, the Genesis G70 is a great budget-friendly car for drivers of all types. Drive off the dealership lot in style, with five different trim options available.

Based on analyzing thousands of insurance quotes from Compare.com, we've found that average Genesis G70 auto insurance rates run around $241 a month. But how does that compare to other vehicles on the market?

How Much is Car Insurance for a Genesis G70?

You can see in the table above that Genesis G70 insurance premiums are above average. G70 drivers typically pay about $283 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $98 monthly for liability only insurance (our guide, "State Minimum vs. Full Coverage", can give you more information on the difference between these types of insurance).

When you compare it to other models, the G70 is more expensive, with prices more than 10% higher than the other vehicle types offered by Genesis. Compared to offerings from other brands, car insurance for a G70 is similarly on the expensive side, with liability only insurance rates coming in around $15 more and $106 more for full coverage.

Generally, they're just more expensive to insure than the average vehicle, no matter which make, model, or body style you compare it to.

Who has the Cheapest Car Insurance for a Genesis G70?

Shopping around for a car insurance policy for your Genesis G70? You might be most interested in which carrier offers the lowest prices. Although there will never be one company that offers the most affordable premiums for everyone, the cheapest average rates for liability only insurance are sometimes as little as $39 a month from Freedom. With car insurance sometimes as low as $44 per month, Workmens is the next lowest auto insurance carrier.

Clearcover, Shelter Mutual, and MetroMile round out the end of the top 5 list. That being said, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest carriers for you and your unique insurance profile.

Auto insurance companies take a wide array of factors into consideration when calculating monthly rates. By analyzing quotes from a wide array of insurance carriers at once, you can be sure you're finding the most affordable rate.

What Factors Affect Car Insurance Rates for a Genesis G70?

There are a whole range of variables that auto insurance companies use to determine how much to charge -- and every company weighs certain factors more than others, so there's not just one carrier that's the cheapest for everyone.

Keep reading to learn which things insurance carriers look at and how they affect your final rate:

Vehicle Age

The Genesis G70 has only been around for two or three model years, so vehicle age won't affect your cost in the same way it might for other vehicles. Generally, older cars will be cheaper to insure because they're worth less than newer models, and as cars age, insurance costs will gradually get lower.

As you can see in the table above, G70 prices are between $92 and $110 monthly, on average.

Your Age

Age is another variable that makes a difference in how much car insurance companies will charge for a policy. Because the Genesis G70 is pretty new to the market, we're just starting to collect data on how age is affecting insurance rates. So far, based on the table above, drivers who have more experience pay less for auto insurance than drivers under 24. Genesis G70 drivers aged 18 to 24 actually pay $57 more than those 25 or older.

Car insurance prices continue to go down as you get older, with the cheapest age group for G70 drivers being 65 years and older.

Your Gender

Because women are less likely to get speeding tickets and get into collisions, they are less likely to file a claim with insurance. So, women tend to get cheaper rates than men. The Genesis G70 follows this convention, and women pay about 23% less than men per month for car insurance.

Where You Live

You might think it's common sense that factors like how old you are and what vehicle you drive play a role in your auto insurance premiums, but did you know that where you live matters just as much? Insurance is regulated on the state level rather than nationally, so prices fluctuate quite a bit depending on what state you reside in.

Because the G70 is a relatively new vehicle, our data on all 50 states is somewhat limited. Even so, you can see in the table above that Florida has rates that are more expensive than other locations.

Genesis G70 Car Insurance Discounts

No matter which vehicle you drive, how old you are, or what state you live in, using as many discounts as possible when it comes to your insurance policy is always a good idea.

Even though all car insurance carriers offer their own unique discounts, there are a few different ones that you'll find with most companies. These include discounts like:

• Multi-car discounts for having several vehicles on your auto policy
• Pay-in-full discounts for drivers who agree to pay their entire policy rate up front, rather than in monthly installments
• Defensive driving discounts for taking a defensive driving class through a certified school or institution
• Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher safety ratings

These are just a few of the discounts auto insurance carriers offer, and sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like not having recent insurance claims, avoiding lapses in coverage, and driving safely.

You obviously can't control every single aspect of your insurance profile (like some of the variables we mentioned above), but there is quite a bit that you do have control over. Below are just a few of the ones you can use to your favor in order to save money on car insurance:

Your Driving Record

You've most likely observed ads from auto insurance companies promoting big discounts for good drivers. It follows that your car insurance premiums will get higher if you get a ticket for speeding or get into a collision. But exactly how much is it going to cost you for these infractions?

Unfortunately, we don't have enough data on file for Genesis G70 drivers specifically, since it is a relatively new car. However, as we see more and more of these on the road, we'll have a better idea of how much infractions will cost G70 owners when it comes to insurance.

How Much You Drive

Another factor you have control over is how much you drive each year. Those who drive less are less likely to get into accidents, so they'll usually get cheaper rates. Since the Genesis G70 is a new car, our data is relatively limited, so we don't yet know how much annual driving distance will affect prices. So far, the most expensive rates are offered to drivers who drive 10,000+ miles per year.

If you don't use your Genesis G70 to travel or commute regularly, you might consider getting a usage-based or pay-per-mile auto insurance policy. With these kinds of coverage, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

How Do Genesis G70s Compare to Other Vehicles?

If you're considering purchasing a new car and a Genesis G70 is on your shortlist, it might be helpful to do your due diligence. Auto insurance is just one cost that comes with a new car purchase, but it's certainly one that's worth considering.

Review the table below to see how the Genesis G70 stacks up:

Overall, the Genesis G70 is a fantastic value when it comes to price, with an MSRP that's less than the going rate for a new vehicle. While the national average vehicle price is $46,296, the G70 goes for just $36,000.

Similarly, car insurance premiums are cheaper when compared to the rest of the vehicle market. Full coverage insurance for a Genesis G70 is around $24 a month cheaper than average, while liability only coverage is $18 cheaper a month.

However, it is worth noting that the G70 owners tend to drive their cars less than the average American driver, with only 8,823 annual miles for the average owner.

Genesis G70 Car Insurance Costs by Model Year

We've gone over many of the things that can affect how much the average driver pays to insure a Genesis G70. If you're considering buying a new G70, knowing what you can expect to pay can be helpful as you consider your options.

2021 Genesis G70 Car Insurance

The average cost to insure a 2021 G70 with liability only coverage is $63 monthly, while full coverage runs about $145 per month.

Hugo offered the lowest policy we found, with rates as cheap as just $24 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

2020 Genesis G70 Car Insurance

2020 Genesis G70 drivers can expect to pay an average of $124 a month for liability or $353 for full coverage.

With rates as low as just $39 per month, Freedom offered the cheapest policy we found for the 2020 Genesis G70.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

2019 Genesis G70 Car Insurance

On average, drivers who own a 2019 G70 can expect to pay $99 to $270 a month for liability only and full coverage auto insurance, respectively.

If you're looking for the lowest possible 2019 Genesis G70 insurance policy, Hugo offered the most affordable policy we found, with rates as little as $18 monthly.

What will your car insurance price be? Enter your ZIP code below to get lots of customized quotes for free.

Genesis G70 Insurance FAQs

Is a Genesis G70 expensive to insure?

Liability insurance runs an average of $98 a month, while full coverage will cost you around $283. The Genesis G70 is more expensive to insure compared to the average car.

How can I get the best price on car insurance for my Genesis G70?

The only way to guarantee you're getting the lowest price on insurance is to regularly shop around and compare quotes from many carriers. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a range of companies at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) for free.

Does the color of my Genesis G70 affect my insurance rates?

You've probably heard the old adage that it costs more to insure a red car than cars of other colors, but that's actually not true. While there are many variables auto insurance carriers examine when they decide how much your policy will be, the color of your G70 is not factored into that decision.

Do I need to have insurance before I buy a Genesis G70?

You'll need to have an auto insurance policy in place before you can legally driver your new (or new to you) vehicle off the dealership lot. Some dealerships will offer you a car insurance policy as part of the buying process, but it's best to let your car insurance carrier know ahead of time.

What car insurance discounts can I get for my Genesis G70?

You will find a variety of discounts out there for insurance. Many of them (like "pay-in-full discounts" and "multi-policy discounts") are based less on your car and more on you, but if your G70 has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may be eligible for certain discounts. The only way to find out which discounts you might get is to get in touch with your insurance company and ask about their discounts, since they shift quite a bit from company to company.