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Car Insurance for Genesis

Take the hassle out of finding car insurance for your Genesis by comparing quotes online.

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, updated on February 16th, 2024       

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Genesis, the premium division of Hyundai that made its debut in Australia in 2019, has quickly made a name for itself in the luxury car market. With a range of SUVs and sedans in both standard and electric models available, car insurance for a Genesis can vary widely.

If you want to find the right cover for you and your vehicle, you can compare offers from leading insurance providers in one place, getting online quotes tailored to your profile in minutes. 

Genesis GV70

How much does it cost to insure a Genesis in Australia?

The cost of car insurance for a Genesis in Australia can vary depending on a wide range of factors specific to you, your car and your insurer.

However, as an example, to insure your 2023 Genesis GV70, you could expect to pay between approximately $1,446 and $3,295 per year, or $139 and $307 per month, with a $900 excess. This is based on the following assumptions:  

  • 40-year-old male homeowner living in Sydney (postcode 2000)
  • Average distance driven per year of 15,000km
  • For private use and/or commuting to work only
  • Car parked in a garage
  • No drivers of this vehicle will be under the age of 21

Please note the above premiums were source in June 2023 from a range of Australian car insurance providers. This quote may change depending on a number of factors specific to you and your profile.

You can compare offers for all Genesis models currently available in Australia, including the following:

  • G70
  • G80
  • GV60
  • GV70
  • GV80

What factors can influence the car insurance price for my Genesis?

Vehicle value and repair costs

Luxury vehicles like Genesis models often have higher values as well as more expensive parts that are more costly to repair or replace, which can increase insurance premiums. 

Driving history and experience

Your driving record plays a significant role in insurance pricing. A clean record with no accidents or traffic violations can result in lower premiums, while a history of claims or driving offences may lead to higher rates.

Usage and mileage

How you use your Genesis vehicle can affect insurance costs. If you use it for business purposes or if you have a high annual mileage, insurers may consider it a higher risk, potentially resulting in higher premiums.

Location

Where you live, drive and park your car can impact insurance rates. Urban areas with higher traffic congestion and a greater risk of accidents may result in higher premiums compared to rural areas with lower traffic density.

Security features and anti-theft devices

Advanced security features such as alarm systems, GPS tracking or immobilisers can potentially lower insurance premiums as they reduce the risk of theft or vandalism and make the vehicle more secure.

Types of car insurance for Genesis

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Disclaimer:

Savvy (ABN 78 660 493 194, ACR 541 339) provides readers with a variety of car insurance policies to compare. Savvy earns a commission from our partnered insurers each time a customer buys a car insurance policy via our website. All purchases are conducted via our partners’ websites. The integrity of our comparison service is unaffected by our partnerships with those businesses and our effort remains to bring further brands that do not already use our comparison service onboard.

Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.

Genesis GV70

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