If you look at the table above, you’ll see that the Hyundai Genesis Coupe’s insurance prices are more than the national average. Owners of the Genesis Coupe may anticipate paying an average of $228 per month for full coverage, which includes comprehensive and collision coverages in addition to liability, and roughly $98 per month for liability insurance.
The Genesis Coupe costs about 31% more than the rest of the Hyundai model lineup when compared to other Hyundai vehicles, hence it is more expensive. When compared to other automobiles with a comparable body shape, the Genesis Coupe’s coverage is also above average, with both liability only and full coverage insurance having on average higher premiums.
Unsurprisingly, regardless of the body type, model, or manufacturer you use to compare them, they cost more to insure overall than the ordinary vehicle.
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Rates for Hyundai Genesis auto insurance in 2022
How much does insurance for a Hyundai Genesis cost? To determine how insurance costs compare to the midsize luxury automobile market, we examined rates for models ranging from the Genesis 3.8 Sedan at the base to the 3.8 Ultimate Coupe.
- For full coverage, the typical Hyundai Genesis insurance is $1,636 annually, or $136 per month.
- The 3.8 Coupe is the least expensive Genesis trim level to insure, costing about $1,544 yearly, and the 5 Sedan is the most expensive, costing about $1,776 annually.
- The Hyundai Genesis is ranked #24 out of 53 midsize luxury vehicles, with insurance prices $74 less year than those of the segment as a whole.
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How much is insurance for a Hyundai Genesis? Monthly insurance costs for a Hyundai Genesis are typically $133, or $1,598 annually. The model year of your Genesis and the demographics of your drivers, however, may have a modest impact on your rates.
For instance, you’ll get slightly different prices if you compare the 2014 Hyundai Genesis Coupe insurance costs with the 2014 Hyundai Genesis Sedan insurance costs. Learn how to get affordable auto insurance for your Hyundai Genesis by reading our comprehensive guide.
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For full coverage, the average Hyundai Genesis insurance premium is $1,246 per year. The average annual cost of liability insurance is $540, comprehensive insurance is $212, and collision insurance is $314. Low-risk insurance can be purchased for as little as $592 per year, while high-risk coverage can run as much as $2,690. The highest rates are paid by teen drivers, who pay $4,948 or more annually.
Insurance costs for a Hyundai Genesis 2.0T 2-door Coupe
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With comprehensive coverage, the annual insurance costs for a Hyundai Genesis 2.0T 2-Dr Coupe are $1,674. Liability insurance typically costs $454, comprehensive insurance averages $354 annually, and collision insurance is $666. Liability-only policies can be purchased for as little as $538 per year, while high-risk driver insurance runs about $3,618. The most expensive drivers to insure might run up to $6,222 per year.
Are Hyundai Genesis insurance costs high?
The annual premium for regular insurance coverage for a Hyundai Genesis costs, on average, $1,598. Of course, a number of variables (such as location, driving history, and driver age) could affect your actual insurance costs, so we’ve put together some excellent guidelines and calculators to help you estimate and determine your unique insurance costs.
Is maintaining a Genesis Coupe expensive?
The overall yearly maintenance costs for the Hyundai Genesis coupe are $621. The table that follows provides a detailed ranking of each car in this overall scheme for comparison’s sake. In comparison to the average vehicle, which costs $651 year to maintain, the Hyundai Genesis coupe is significantly less expensive.
Why is the Hyundai Genesis so affordable?
The criticisms of the original iDrive were much, much worse (perhaps worse than those of the Ford SYNC or Cadillac CUE systems).
1. Hyundai avoids adding an additional $7-8k to the list price by forgoing the separate luxury brand and dealer network strategy (as the Japanese had done).
2. Hyundai does not provide the same level of servicing on the Genesis as it does on the Equus or the luxury brands.
No free planned maintenance, no valet pick-up/drop-off for service calls (unlike the Equus), no free loaner cars, etc.
The Equus’ pricing is therefore closer to that of the LS460 than the Genesis is to the GS.
For the following Genesis, Hyundai will likely provide loaner cars and perhaps planned maintenance (Kia does so for the Cadenza, a premium but not luxury sedan). The price will reflect this.
3. Hyundai offers a number of alternatives in pre-packaged sets as opposed to the customizing that the Gemans undertake.
4. The Cadenza, although being in a lower market, has nicer leather in the interior than the Genesis now offers. It appears that Hyundai will largely address this with the next-generation model, and the cost will again reflect that. The Prada Genesis would be an exception to this rule, but it isn’t provided here.
5. The Genesis lacks several of the German manufacturers’ technologies, let alone what Hyundai offers on the Genesis for international markets.
6. As previously mentioned, Hyundai makes savings in areas like having a stake in a cutting-edge steel mill.
7. Like the Japanese before it, Hyundai is prepared to accept a lower profit margin in order to get a foothold in the premium sector.
Recall that the original LS400’s MSRP of $35k caused the Germans to believe that Toyota was losing money on every transaction.
Toyota most likely didn’t lose money, but they also most likely didn’t make any either since they were essentially maintaining the Lexus dealerships at the time.
8. change in value.
However, during the past year and a half, things have somewhat evened out. Previously, the Korean Won had a favorable exchange rate versus the US Dollar whereas the Euro did not.
— As I’ve previously mentioned, the 2G Genesis will probably experience a rather big price increase, with the base price jumping to somewhere between $39 and $40k.
This price rise will be brought on by better interior components, more upscale services, more technology and comforts (it’s hard to see the front passenger seat not being cooled), etc.
The 2G Genesis will still cost about $7-8k less per vehicle than the Lexus GS and the Infiniti M despite the price increase, which is roughly the cost of a distinct luxury brand and dealer network.
Does insurance for coupes cost more?
If you drive a coupe instead of a sedan, you may often expect to spend extra for auto insurance. Because coupes are seen as higher-risk vehicles than sedans and their owners as higher-risk drivers, many auto insurance companies charge more to insure them. This isn’t always the case, of course.
It’s vital to remember that a variety of things affect the cost of your auto insurance. According to Car Insurance Comparison, the following factors also affect the cost of your auto insurance:
- The power of your car
- The safety equipment in your car
- The vehicle’s age that you want to insure
Four-cylinder vehicles are typically slower and safer since they have less horsepower than six- or eight-cylinder vehicles. Because these cars often have greater top speeds, you should expect to pay more for insurance if your car has a V-6 or V-8 engine. Many newer cars contain safety features and driver-assist systems that make them safer on the road, which reduces the risk for your insurance company. Safety features like the following could result in cheaper insurance costs:
- an air bag
- Control for electronic stability
- Auto-locking brakes
- back-up cameras
- security measures
The age of your car is always taken into account by companies when calculating your insurance quote. A brand-new coupe will cost more to replace in the event of an accident, however an older coupe will probably cost less to repair or replace in the same circumstance. A used coupe will probably cost less to insure than a brand-new sedan.
Your driving history is a significant consideration for your insurance provider when determining your rate, whether you drive a coupe or a sedan. Your insurance provider will view you as a safe driver if you have a spotless driving record. Other traits that your insurance company may be interested in learning about are:
- Your credit score: Even while not all states permit the use of your credit score in calculating premiums, a higher credit score normally indicates a lower risk of loss for insurance companies.
- Your age: Newer drivers have less background operating a vehicle. Therefore, as Jerry Insurance Agency says, they are more expensive to insure.
- Your job: Some insurers consider some professions to be lesser risk than others.
- Your location: Insurance costs are affected by where you live because some locations have greater incidence of car theft or vandalism, which necessitates higher insurance premiums.
- Your marital status: Married people are typically more stable than single people, which makes them less dangerous to insure.
- Your commute: If you have a long commute to work, you spend more time on the road, which raises the possibility that you may be in an accident.
Genesis Coupe: A luxury automobile?
Hyundai Motor Company’s rear-wheel drive sports coupe, the Hyundai Genesis Coupe, made its debut on October 13, 2008, in the Korean market. It is the first rear-wheel-drive sports coupe from Hyundai, and the Genesis luxury sedan is built on the same fundamental chassis.
On February 26, 2009, the Genesis Coupe made its debut in American showrooms as a 2010 model. The Genesis Coupe was created, according to acting president and CEO of Hyundai USA John Krafcik, “to give a driving experience that challenges automobiles like the Infiniti G37.”
The Hyundai Genesis Coupe eventually went out of production in 2016 despite Genesis Motors’ introduction as a stand-alone luxury brand.
Why did Hyundai discontinue production of the Genesis Coupe?
In November 2015, the Genesis brand was formally introduced as a separate label. Hyundai wished to differentiate its premium and high-quality Genesis cars from its models oriented more toward consumers and families.
Are Genesis Coupes uncommon?
An cheap and thrilling sports coupe is quite uncommon, but the Genesis Coupe has been offering both since 2009.
Before releasing their first four-seater sports coupe, Hyundai had a lot of ground to make up. The company produces cars that are comparable to those from other luxury manufacturers but cost a lot less. With Hyundai serving as its parent business, Genesis has now established itself as a distinct brand in order to further its goal of producing premium vehicles that provide comparable value. Despite the fact that many people are still unaware of them, they have gone on to become well-known.
It was unsurprising when the first images of the Genesis Coupe appeared online in 2007. Hyundai has a history of happily putting their nose everywhere. Hyundai, however, made their aspirations of having a sports coupe more attainable, which was a comfort to those who desired to own a sports vehicle but could not afford it.
It’s incredibly uncommon for a sports coupe to accomplish what the North Korean carmaker did with the Genesis Coupe, which is check the boxes for “cheap” and “gearhead must-have.” For it to garner the attention it does, especially in the very competitive sports car category, they must have done everything correctly.
Let’s explore the Hyundai Genesis Coupe’s trendiest characteristics and what makes it a luxury vehicle killer in this era of exorbitant sports cars.