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A Genesis GV80 is more expensive to insure than the average SUV.
Liability only auto insurance premiums for a GV80 come in at about $87 a month, while full coverage normally runs around $163.
CSAA is the most affordable insurance carrier for a GV80.
The Genesis GV80 is a great mid-level SUV for drivers of all types, with 2022 models coming in with a base MSRP of $50,200. Drive off the dealership lot in style, with two different trim options available.
We crunched the numbers on thousands of car insurance quotes on Compare.com, and we've found that average Genesis GV80 insurance rates run about $147 monthly. But how does that compare to other similar SUVs on the market?
| Current Base Price | $50,200 |
| Body Style(s) | SUV |
| Trim Levels | BASE/ADVANCED/PRESTIGE, BASE/ADVANCED/ADVANCED+/PRESTIGE |
| Average Insurance Premium | $147/mo. |
| Cheapest Insurance Company | CSAA |
Vehicle | Liability Only | Full Coverage |
|---|---|---|
| Genesis GV80 | $87 | $163 |
| All Genesis Models | $100 | $254 |
| All SUVs | $80 | $151 |
| Average Insurance Premium | $81 | $169 |
Looking at the table above, you can see that auto insurance prices for a Genesis GV80 are around average compared to other vehicles on the road. GV80 drivers can expect to pay about $163 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $87 monthly for liability only insurance (our guide, "State Minimum vs. Full Coverage", can provide more details on these different types of insurance).
Compared to other models, the GV80 is less expensive, with rates more than 10% lower than Genesis's other vehicle offerings. Compared to SUV offerings from other brands, car insurance for a GV80 is similarly on the expensive side, with liability only insurance prices coming in around 9% more and 8% more for full coverage.
Compared to all vehicles, regardless of model, body style, or make, auto insurance premiums for both liability only and full coverage policies run higher than average.
Insurance Company | Average Monthly Premium |
|---|---|
| DirectGeneral | $67 |
| Safeco | $68 |
| Mercury | $126 |
Shopping around for an auto insurance policy for your Genesis GV80? You're likely interested in which company offers the cheapest premiums. Even though costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $67 per month from DirectGeneral. The next cheapest carrier is Safeco, who offers car insurance sometimes as low as $68 a month.
That being said, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.
Auto insurance carriers use a whole range of different things and complex formulas to calculate rates. By getting quotes from multiple insurance companies at once, you can rest easy knowing that you're finding the lowest rate.
There are many variables that car insurance carriers look at to determine how much they charge -- and every company uses a different formula, so there's not one carrier that's the cheapest for each driver.
Below are just a few of the factors auto insurance companies look at and how each one affects your final rate:
Vehicle Age | Average Monthly Premium |
|---|---|
| Less than 1 Year | $87 |
| 2-3 Years | Not Enough Data |
| 4-5 Years | Not Enough Data |
| 6-7 Years | Not Enough Data |
| 8-10 Years | Not Enough Data |
| 11-14 Years | Not Enough Data |
| 15 Years or Older | Not Enough Data |
The Genesis GV80 has only been around for one model year, which means vehicle age won't affect your premium in the same way it might for other vehicles. Generally, newer cars are going to cost more to insure because they're worth more, but as they age, insurance costs will gradually go down.
Next year, we'll have a better idea of the differences in rates for each model year, but for now we see that a GV80 less than one year old will be around $87 monthly to insure.
How old you are plays a role in how much you pay for insurance. Because the Genesis GV80 is pretty new to the market, we're just starting to collect data on how age is affecting car insurance premiums. So far, based on the table above, young GV80 drivers have cheaper prices than older GV80 drivers.
Car insurance prices continue to get lower as you get older, with the cheapest age group for GV80 drivers being 25-34.
Gender | Average Monthly Premium |
|---|---|
| Male | $87 |
Because women are less likely to get into accidents and get speeding tickets, they have a decreased chance of filing a claim with insurance. So, women tend to get cheaper rates than men.
State | Average Monthly Premium |
|---|---|
| California | $97 |
It may seem like common sense that variables like how old you are and what vehicle you drive play a role in your auto insurance premiums, but you may not realize that where you live is just as important. Insurance is regulated on a state-by-state basis, so rates can differ quite a bit from state to state.
Because the GV80 is a relatively new vehicle, our state data is somewhat limited. Even so, you can see in the table above that rates can vary quite a bit from one state to the next.
There’s more to car insurance than just price. Customer service, coverage offerings, and other factors are also worth considering.
The following companies strike a good balance between cost, customer satisfaction, policy management, and more.
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $57/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $109/mo |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
Drivers looking for a basic car insurance policy from a company with a solid reputation can find what they need from State Farm. And they can typically find their policy at a discount, so long as they are not high risk.
Among the best customer service satisfaction in the industry
24/7 claims service with large repair network
Lots of available discounts
High rates for high-risk drivers
Limited coverage options
Higher than average customer complaints
| J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 641 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $96/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $177/mo |
Drivers appreciate the available discounts but dislike the high prices and lack of communication.
Drivers appreciate the available discounts but dislike the high prices and lack of communication.
Nationwide is great for people who want specialty auto coverage in addition to full-coverage options, but rates may be higher, and customer service can depend on local offices.
Extensive coverage options
Plenty of bundling and discount opportunities
Good reviews of local agents
Higher-than-average rates
Below-average customer service ratings
Potential issues with online quote tool
| User Reviews | NR |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | NR |
Drivers value the excellent coverage and quick claim responses but dislike the significant rate increases and lack of responsiveness to emails.
Drivers value the excellent coverage and quick claim responses but dislike the significant rate increases and lack of responsiveness to emails.
Erie is a great option if you live within the company’s service area, especially if you need complex or specialty coverage. But if a highly functional mobile app is at the top of your list of desirable features, you’ll need to consider other options.
Affordable rates, even for people with minor moving violations
Highly customizable policies with a wide range of add-ons and perks
Offers SR-22 coverage and policies to high-risk drivers
Limited self-service options
Limited features on the mobile app and website
Available in only 12 states
No matter how old you are, what state you call home, or what car you drive, it's always a good idea to take advantage of as many insurance discounts as possible.
While no two auto insurance carriers offer the same exact discounts, there are a few different ones that you'll find with most companies. These include discounts like:
Defensive driving discounts for taking a defensive driving class through an accredited school or institution
Multi-vehicle discounts for having several cars on your auto policy
Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher safety ratings
Multi-policy discounts for using the same insurance company for both your home and car insurance
These discounts are great, but sometimes, the best way to get great rates is to work on your overall insurance profile.
While you can't control every single aspect of your insurance profile (like some of the pieces we mentioned above), 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:
Infractions | Average Monthly Premium |
|---|---|
| 1 Accident | Not Enough Data |
| Multiple Accidents | Not Enough Data |
| 1 Ticket | Not Enough Data |
| Multiple Tickets | Not Enough Data |
You've most likely observed ads from auto insurance carriers posting large discounts for safe drivers. It checks out that your car insurance prices will go up if you get into a collision or get a ticket for speeding. But exactly how much can these infractions cost you?
Unfortunately, we don't have enough data on file for Genesis GV80 drivers specifically, since it is a relatively new vehicle. However, as we see more and more of these on the road, we'll have a better idea of how much infractions will cost GV80 owners when it comes to insurance.
Annual Mileage | Average Monthly Premium |
|---|---|
| 5,001-7,500 Miles | $68 |
| 7,501-10,000 Miles | $97 |
Another variable you have control over is the total distance you drive each year. Those who are on the roads less often are less likely to get speeding tickets, so they'll typically get lower premiums. Since the Genesis GV80 is a new SUV, our data is relatively limited, so we don't yet know how much annual driving distance will affect prices. So far, drivers who travel 7,500 - 10,000 miles per year are offered the highest rates.
If you don't drive much because have a second vehicle or you work from home, you might consider choosing a usage-based or pay-per-mile car 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.
If you're considering purchasing a Genesis GV80, it can pay off to do your due diligence. Car insurance is just one cost that comes with a new car purchase, but it's guaranteed to be one that's worth considering.
Take a look at the table below to see how the Genesis GV80 stacks up:
Genesis GV80 | National Average | |
|---|---|---|
| Liability Insurance | - | $81 |
| Full Coverage Insurance | $264 | $169 |
| Base MSRP | $50,200 | $46,192 |
| Average Annual Mileage | 7,983 | 11,617 |
As you can see, the Genesis GV80 is pretty much in line with the average vehicle price here in the U.S. The GV80's $46,192 base MSRP is right on trend with the national average of $50,200.
Full coverage insurance for a Genesis GV80 is about $95 per month more than average, while liability only coverage is per month.
However, it is worth noting that the GV80 drivers tend to use their cars less than the average American driver, with only 7,983 annual miles for the average owner.
Thus far, you've seen how different factors have an impact on how much the average driver pays for auto insurance. If you're considering purchasing a new GV80, having a good idea of exactly how much you'll pay can be extremely helpful as you weigh your options.
| Liability Only Avg. Premium | $87 |
| Full Coverage Avg. Premium | $153 |
| Base MSRP | $48,900 |
| Cheapest Insurance Company | DirectGeneral - $67/mo. |
| Available Trims | BASE/ADVANCED/ADVANCED+/PRESTIGE, BASE/ADVANCED/PRESTIGE |
On average, drivers who own a 2021 GV80 can expect to pay $87 to $153 a month for liability only and full coverage car insurance, respectively.
With prices sometimes as cheap as $67 monthly, DirectGeneral offered the most affordable policy we found.
Want to know just how much you'll pay? Enter your ZIP code below to get several free customized quotes.
Liability insurance runs an average of $87 per month, while full coverage will cost you around $163. The Genesis GV80 is more expensive to insure compared to the average SUV.
There's only one way to guarantee you're getting the lowest rates -- regularly shopping around and comparing quotes from a whole range of companies. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from quite a few carriers at once, meaning you can find the most affordable rates (or guarantee you already have the best deal) for free.
You've probably heard that it is more expensive to insure red cars that silver or white vehicles, but that's actually a myth. While there are many things insurance companies use when they calculate how much you'll pay, your car's color is not used to make that determination.
You'll need to have an insurance policy in place before you can legally driver your new (or new to you) Genesis GV80 off the dealership lot. As part of the buying process, some dealerships might offer you a car insurance policy, but the best thing to do when buying a a new SUV is to let your auto insurance carrier know ahead of time.
You will find a multitude of discounts out there for insurance. Many of them (like "safe driver discounts" and "pay-in-full discounts") are based less on your GV80 and more on you, but if your GV80 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 talk with your insurance agent and ask about which discounts they offer, since they vary quite a bit from company to company.
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