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The best and worst states to buy and insure a Hyundai Genesis

For a full-size luxury car, the median prices of a used Hyundai Genesis are extremely reasonable in most of the states in the United States. Its South Korean manufacturer, the Hyundai Motor Company, has termed the Genesis as a ‘premium sports sedan’. This 4-door sedan has been in the American markets since 2008, and has been one of the best rated executive cars since then.

With the exception of Alabama, where the Genesis is available for a median price of $41,885, this full-size luxury car is available for a median price below $27,000 in all the other states. The Genesis is available for a median price as low as $16,495 in Montana. The insurance rates for the Genesis are also, not very high. The average annual insurance rate ranges from $925 in Maine to $2,622 in Michigan.

Considering the median price and the average insurance, the three best states to buy and insure a Genesis are –

1.       Minnesota –

The median price of the Genesis is $16,501 in Minnesota. The average annual insurance rate is $1329, which is 8% of the median price.

2.       New Mexico –

The median price of a used Hyundai Genesis is $19,150 in New Mexico. The average annual insurance rate is $1370, i.e., 7% of the median price.

3.       Arizona –

With a slightly higher median price ($21,888) but lower annual average rate of insurance ($1125), Arizona is one of the best states to buy a used Genesis. Though the median price is higher here, the recurring cost of insurance is lower in the long run.

If you’re considering only the insurance, the rates are very high in some states. The most expensive states to insure a Genesis are –

State Insurance average ($) Median price ($) Insurance percentage (%)
Montana 2,045 16,495 12
New Jersey 2,050 25,895 7
Massachusetts 2,078 22,988 9
Oklahoma 2,205 23,991 9
Michigan 2,622 18,991 13

In New Jersey, both the median prices as well as insurance average are extremely high. The good news for buyers from Montana and Michigan is the low median prices here. Buyers from states where the median prices are high can lower their overall costs by buying the vehicle from another state. However, buying insurance from other states is not an option.

Average Yearly Insurance Premium $1,560
Hyundai Genesis MSRP $39,260
Estimated Monthly Income to Afford a Hyundai Genesis Car including Insurance $720

Hyundai Genesis - Average Insurance Price by Segment

Male $2,470
Male Married $1,300
Female $1,460
Female Married $1,430
Teenage Boy $4,430
Teenage Girl $3,450

Hyundai Genesis Safety Features - 2013

Side airbags: front and rear head curtain airbags and front and rear seat-mounted torso airbags Electronic stability control Antilock brakes

Expensive States for Insuring Hyundai Genesis

RankStateAverage Insurance of Hyundai GenesisMSRPEstimated Monthly Income to Afford a Hyundai Genesis including Insurance Cost
1 Michigan $2,700 $47,900 $900
2 Louisiana $2,600 $38,300 $720
3 Oklahoma $2,200 $39,900 $750
4 Massachusetts $2,100 $41,800 $780
5 Georgia $2,100 $40,100 $750
6 Montana $2,000 $38,300 $710
7 California $2,000 $36,400 $680
8 West Virginia $1,900 $38,300 $710
9 New Jersey $1,900 $40,700 $750
10 Rhode Island $1,800 $38,000 $710

Cheap States for Insuring Hyundai Genesis

RankStateAverage Insurance of Hyundai GenesisMSRPEstimated Monthly Income to Afford a Hyundai Genesis including Insurance Cost
1 Maine $900 $40,700 $740
2 Iowa $1,100 $39,500 $720
3 New Hampshire $1,100 $45,000 $820
4 Arizona $1,200 $40,300 $740
5 Idaho $1,200 $46,400 $840
6 North Carolina $1,200 $37,500 $690
7 Ohio $1,200 $39,700 $720
8 Vermont $1,200 $38,300 $700
9 Wisconsin $1,200 $44,500 $810
10 Colorado $1,300 $36,500 $670

Hyundai Genesis - Remaining States under Study

RankStateAverage Insurance of Hyundai GenesisMSRPEstimated Monthly Income to Afford of Hyundai Genesis including Insurance Cost
1 Illinois $1,300 $40,700 $740
2 Indiana $1,300 $39,400 $720
3 Nebraska $1,300 $47,900 $870
4 New Mexico $1,300 $38,300 $700
5 South Carolina $1,300 $38,100 $700
6 Washington $1,300 $31,200 $580
7 Florida $1,400 $36,500 $670
8 Minnesota $1,400 $38,300 $700
9 Nevada $1,400 $38,300 $700
10 New York $1,400 $40,200 $740
11 Tennessee $1,400 $39,100 $720
12 Virginia $1,400 $44,400 $810
13 Arkansas $1,500 $38,300 $710
14 Hawaii $1,500 $41,000 $750
15 Mississippi $1,500 $36,100 $670
16 Oregon $1,500 $36,300 $670
17 Utah $1,500 $34,300 $630
18 Alaska $1,600 $40,300 $740
19 Delaware $1,600 $38,300 $710
20 Kansas $1,600 $36,200 $670
21 Maryland $1,600 $38,300 $710
22 Pennsylvania $1,600 $44,600 $820
23 Texas $1,600 $38,300 $710
24 Wyoming $1,600 $33,000 $610
25 Alabama $1,700 $34,400 $640
26 Kentucky $1,700 $38,200 $710
27 Missouri $1,700 $40,100 $740
28 North Dakota $1,700 $35,300 $660
29 Connecticut $1,800 $40,200 $740

Hyundai Genesis Models Comparison

Model Style Cylinders MSRP Average Premium of Hyundai Genesis models Est. Monthly Income to Afford a Hyundai Genesis including Insurance Cost
Genesis 4 Door Sedan 6 cyl. $39,300 $1,650 $730
Genesis 4 Door Sedan 8 cyl. $39,300 $1,660 $730
Genesis 2.0T 2 Door Coupe 4 cyl. $39,300 $1,530 $720
Genesis 2.0T Premium 2 Door Coupe 4 cyl. $39,300 $1,530 $720
Genesis 2.0T Track 2 Door Coupe 4 cyl. $39,300 $1,490 $720
Genesis 3.8 Grand Touring 2 Door Coupe 6 cyl. $39,300 $1,530 $720
Genesis 3.8 Track 2 Door Coupe 6 cyl. $39,300 $1,530 $720
Genesis R-Spec 4 Door Sedan 8 cyl. $39,300 $1,720 $730

Hyundai Genesis vs Mid Size Coupe Insurance Comparision