Volvo V60 Car Insurance Cost
To insure a Volvo V60, it typically costs about $3,141 per year through State Farm. However, the actual cost can vary based on factors such as your age, the year of the car model, and other considerations. You can check our quote tables below to get a personalized estimate for your specific situation.
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The Volvo V60, a luxury wagon known for its safety and performance, has an average annual insurance cost of approximately $3,141, or about $262 per month, according to recent data .
However, premiums can vary significantly based on factors such as the driver’s age, location, driving history, and the specific model year of the vehicle. For instance, newer models like the 2023 V60 may have higher insurance costs compared to older versions due to their higher market value and repair costs .
To ensure you’re getting the best rate, it’s advisable to compare quotes from multiple insurance providers, as rates can differ widely between companies.
How Much Does Volvo V60 Car Insurance Cost?
Typically, State Farm provides the most competitive pricing, averaging $3,141 annually for comprehensive insurance coverage on a 2024 Volvo V60.
While State Farm’s pricing serves as a useful reference point, it’s crucial to recognize that the cost of auto insurance can fluctuate significantly based on various factors. These factors encompass your geographical location, driving record, vehicle’s model year, and the specific coverage options you select. Maintaining a clean driving history may result in reduced premiums, whereas a track record of accidents or traffic violations could lead to higher costs.
Moreover, residing in urban areas characterized by heavy traffic typically correlates with elevated insurance rates compared to rural locales with less congestion. Additionally, the type of coverage you opt for plays a role in determining your premium. Comprehensive coverage, which includes protections like collision and comprehensive coverage, generally commands a higher cost than basic liability coverage.
Insuranceopedia is available to assist you in navigating the insurance market, allowing you to compare quotes from various providers and secure the most favorable deal.
Average Insurance Cost Of Volvo V60 Model Year
| Model Year | Average Premium |
| 2025 Volvo V60 | $2,604 |
| 2024 Volvo V60 | $3,141 |
| 2022 Volvo V60 | $5,890 |
| 2021 Volvo V60 | $1,674 |
| 2020 Volvo V60 | $1,715 |
| 2019 Volvo V60 | $1,205 |
| 2018 Volvo V60 | $1,522 |
| 2017 Volvo V60 | $1,134 |
| 2016 Volvo V60 | $1,453 |
| 2015 Volvo V60 | $1,153 |
2025 Volvo V60 Insurance Rates
The average annual insurance cost for a 2025 Volvo V60 is $2,604. However, Mercury Insurance offers the cheapest rates, averaging $1,440 per year.
| Insurance Provider | Average Annual Cost |
| Farmers Insurance | $2,990 |
| Allstate | $4,950 |
| GEICO | $2,775 |
| Progressive | $3,455 |
| Nationwide | $2,690 |
| State Farm | $2,340 |
| USAA | $2,110 |
| Erie Insurance | $1,710 |
| Mercury Insurance | $1,470 |
| American Family Insurance | $1,550 |
2024 Volvo V60 Insurance Rates
The average annual insurance cost for a 2024 Volvo V60 is $3,141. However, State Farm Insurance offers the cheapest rates, averaging $2,308 per year.
| Insurance Provider | Average Annual Cost |
| State Farm | $2,308 |
| Nationwide | $2,488 |
| Farmers | $2,884 |
| Geico | $3,206 |
| Progressive | $3,291 |
| Allstate | $4,669 |
2022 Volvo V60 Insurance Rates
The average annual insurance cost for a 2022 Volvo V60 is $5,890. However, State Farm Insurance offers the cheapest rates, averaging $2,455 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $3,511 |
| Dairyland Auto | $17,270 |
| Direct General Insurance | $5,417 |
| Allstate | $4,256 |
| State Farm | $2,455 |
| Mercury Insurance | $3,589 |
| Allied | $2,866 |
| United Automobile Ins Group | $7,264 |
| Metropolitan | $7,337 |
| National General | $4,933 |
2021 Volvo V60 Insurance Rates
The average annual insurance cost for a 2021 Volvo V60 is $1,674. However, American National P offers the cheapest rates, averaging $411 per year.
| Insurance Provider | Average Annual Cost |
| Erie | $1,632 |
| National Grange Mutual | $2,126 |
| USAA | $1,992 |
| New York Central Mutual Fire | $1,653 |
| American National P | $411 |
| Southern Farm Bureau | $1,645 |
| Auto-Owners Insurance Co | $1,425 |
| Nationwide | $2,055 |
| Allstate | $2,080 |
| State Farm | $1,724 |
2020 Volvo V60 Insurance Rates
The average annual insurance cost for a 2020 Volvo V60 is $1,715. However, Erie offers the cheapest rates, averaging $747 per year.
| Insurance Provider | Average Annual Cost |
| Penn National | $1,476 |
| Virginia Farm Bureau | $2,220 |
| Allstate | $2,033 |
| Encompass | $1,728 |
| Erie | $747 |
| Unitrin | $1,583 |
| USAA | $1,213 |
| Esurance | $2,085 |
| CSAA | $2,228 |
| State Farm | $1,837 |
Find Affordable Volvo V60 Car Insurance
2019 Volvo V60 Insurance Rates
The average annual insurance cost for a 2019 Volvo V60 is $1,205. However, State Farm offers the cheapest rates, averaging $846 per year.
| Insurance Provider | Average Annual Cost |
| Nationwide | $984 |
| Encompass | $1,681 |
| Auto-Owners Insurance Co | $1,319 |
| USAA | $1,053 |
| State Farm | $846 |
| Penn National | $1,042 |
| Erie | $864 |
| Virginia Farm Bureau | $1,448 |
| Mercury | $1,635 |
| Allied | $1,179 |
2018 Volvo V60 Insurance Rates
The average annual insurance cost for a 2018 Volvo V60 is $1,522. However, Metropolitan offers the cheapest rates, averaging $1,069 per year.
| Insurance Provider | Average Annual Cost |
| American Family | $1,513 |
| Farm Bureau Mutual (IA Group) | $1,229 |
| Farmers | $2,297 |
| Metropolitan | $1,069 |
| Permanent General | $1,501 |
2017 Volvo V60 Insurance Rates
The average annual insurance cost for a 2017 Volvo V60 is $1,134. However, New York Central Mutual Fire offers the cheapest rates, averaging $550 per year.
| Insurance Provider | Average Annual Cost |
| Erie | $1,000 |
| Penn National | $1,485 |
| Farm Bureau Ins of MI | $1,317 |
| Nationwide | $1,047 |
| New York Central Mutual Fire | $550 |
| Travelers | $1,010 |
| USAA | $1,007 |
| Allied | $1,298 |
| MO Farm Bureau Services | $1,475 |
| Auto-Owners Insurance Co | $1,146 |
2016 Volvo V60 Insurance Rates
The average annual insurance cost for a 2016 Volvo V60 is $1,453. However, New York Central Mutual Fire offers the cheapest rates, averaging $734 per year.
| Insurance Provider | Average Annual Cost |
| Nationwide | $1,114 |
| State Farm | $1,893 |
| Mercury | $1,634 |
| 21st Century | $1,609 |
| New York Central Mutual Fire | $734 |
| USAA | $1,418 |
| Erie | $823 |
| Auto Club | $1,766 |
| Hartford | $1,888 |
| Travelers | $1,654 |
2015 Volvo V60 Insurance Rates
The average annual insurance cost for a 2015 Volvo V60 is $1,153. However, New York Central Mutual Fire offers the cheapest rates, averaging $566 per year.
| Insurance Provider | Average Annual Cost |
| Erie | $839 |
| Preferred Mutual | $1,661 |
| Penn National | $1,306 |
| State Farm | $1,098 |
| New York Central Mutual Fire | $566 |
| Quincy Mutual | $1,095 |
| USAA | $810 |
| Allstate | $1,423 |
| Travelers | $1,620 |
| Mercury Insurance | $1,107 |
Find Affordable Volvo V60 Car Insurance
Are Volvo V60s Expensive To Insure?
The Volvo V60 is generally considered moderately priced to insure among luxury vehicles. Its strong safety ratings and advanced driver-assistance features contribute to lower risk assessments by insurers. However, insurance premiums can vary based on factors like the model year, driver’s age, location, and driving history. For instance, newer models with higher replacement costs may attract higher premiums. On average, annual insurance costs for the Volvo V60 range between $2,300 and $3,100. Comparatively, this positions the V60 as a cost-effective option in the luxury wagon segment, balancing performance, safety, and insurance affordability.
Cost of Volvo V60 Car Insurance By Age
Age is one of the most influential factors when it comes to car insurance premiums. Teen drivers typically face the highest rates, largely due to their inexperience and higher likelihood of being involved in accidents. Insurers consider this group high-risk, so a 16- to 19-year-old driving a 2025 Volvo V60 can expect to pay significantly more for coverage than an older driver.
As drivers enter their 20s and gain more experience on the road, insurance costs generally begin to decline. Premiums tend to stabilize and reach their lowest levels for drivers in their 30s, 40s, and 50s—assuming they have clean driving records.
However, rates can rise again for seniors, particularly those aged 70 and older, due to age-related declines in vision, reaction time, and overall driving ability.
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $8,449 | $12,414 | $14,478 |
| 18 | $7,866 | $11,564 | $13,516 |
| 19 | $6,969 | $10,203 | $11,949 |
| 20 | $6,066 | $8,908 | $10,438 |
| 21 | $5,065 | $7,481 | $8,746 |
| 22 | $4,944 | $7,238 | $8,498 |
| 23 | $4,354 | $6,372 | $7,453 |
| 24 | $4,105 | $6,077 | $7,047 |
| 25 | $3,576 | $5,209 | $6,079 |
| 30 | $2,802 | $4,081 | $4,758 |
| 35 | $2,595 | $3,812 | $4,449 |
| 40 | $2,521 | $3,698 | $4,304 |
| 45 | $2,405 | $3,531 | $4,183 |
| 55 | $2,213 | $3,240 | $3,842 |
| 65 | $2,324 | $3,410 | $3,993 |
| 75 | $2,941 | $4,288 | $5,031 |
Volvo V60 Car Insurance Rates By State
Where you live has a major impact on your Volvo V60 insurance premium. Each state has its own insurance regulations, and coverage requirements can significantly affect pricing. For example, drivers in Michigan often pay more due to the state’s no-fault insurance laws and mandatory high coverage limits. Local weather patterns also matter—areas prone to hurricanes, floods, or severe storms can increase the risk of damage, raising rates.
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $2,674 | $3,870 | $4,903 |
| Alaska | $2,183 | $3,010 | $2,930 |
| Arizona | $2,462 | $3,571 | $5,244 |
| Arkansas | $2,704 | $4,269 | $4,678 |
| California | $3,028 | $5,375 | $2,998 |
| Colorado | $2,803 | $3,933 | $4,979 |
| Connecticut | $3,584 | $5,581 | $7,073 |
| Delaware | $2,985 | $3,963 | $5,094 |
| Florida | $3,550 | $4,942 | $6,384 |
| Georgia | $2,878 | $4,324 | $4,352 |
| Hawaii | $1,151 | $1,563 | $1,176 |
| Idaho | $1,999 | $2,668 | $3,211 |
| Illinois | $2,109 | $3,191 | $3,616 |
| Indiana | $2,152 | $3,286 | $3,714 |
| Iowa | $1,740 | $2,361 | $2,778 |
| Kansas | $2,249 | $3,314 | $3,878 |
| Kentucky | $3,319 | $4,831 | $5,679 |
| Louisiana | $4,215 | $6,376 | $6,900 |
| Maine | $1,573 | $2,231 | $3,248 |
| Maryland | $2,571 | $3,744 | $4,203 |
| Massachusetts | $2,092 | $3,601 | $2,070 |
| Michigan | $4,957 | $7,612 | $12,032 |
| Minnesota | $2,041 | $2,729 | $3,861 |
| Mississippi | $2,478 | $3,559 | $3,573 |
| Missouri | $2,358 | $3,347 | $4,374 |
| Montana | $2,371 | $3,345 | $3,839 |
| Nebraska | $2,043 | $2,944 | $3,218 |
| Nevada | $3,325 | $4,904 | $5,228 |
| New Hampshire | $2,289 | $3,642 | $4,624 |
| New Jersey | $2,534 | $3,995 | $5,238 |
| New Mexico | $2,602 | $3,848 | $4,010 |
| New York | $2,371 | $3,030 | $5,070 |
| North Carolina | $1,501 | $2,542 | $1,819 |
| North Dakota | $2,048 | $3,084 | $3,678 |
| Ohio | $1,812 | $2,819 | $2,869 |
| Oklahoma | $2,940 | $4,183 | $4,701 |
| Oregon | $2,636 | $3,575 | $4,202 |
| Pennsylvania | $2,229 | $3,275 | $3,833 |
| Rhode Island | $3,738 | $5,470 | $6,162 |
| South Carolina | $2,531 | $3,491 | $4,821 |
| South Dakota | $2,246 | $3,278 | $3,746 |
| Tennessee | $2,656 | $3,926 | $5,207 |
| Texas | $2,692 | $3,835 | $4,795 |
| Utah | $2,293 | $3,239 | $4,400 |
| Vermont | $1,718 | $2,718 | $2,865 |
| Virginia | $1,662 | $2,585 | $2,466 |
| Washington | $2,153 | $2,974 | $3,546 |
| West Virginia | $2,199 | $3,129 | $3,966 |
| Wisconsin | $2,176 | $3,443 | $3,893 |
| Wyoming | $2,064 | $2,898 | $3,082 |
Find Affordable Volvo V60 Car Insurance Rates
Cheapest Car Insurance Companies For A Volvo V60
The table above highlights five of the most affordable car insurance providers for a 2025 Volvo V60, based on adjusted premium estimates. State Farm emerges as the cheapest option, with an annual premium of around $2,190, or $183 per month. Nationwide follows closely, offering solid coverage at approximately $2,370 per year, which breaks down to $198 monthly. GEICO also remains a strong contender for budget-conscious drivers, with an estimated annual cost of $2,510. Farmers provides slightly higher premiums at $2,740 annually, but offers a wide range of coverage options. Progressive rounds out the list with a flexible policy offering priced at $3,130 per year. These estimates are based on typical driver profiles and may vary depending on your location, driving history, and coverage choices.
| Insurance Company | Average Monthly |
|---|---|
| Nationwide | $198 |
| GEICO | $209 |
| Farmers | $228 |
| Progressive | $261 |
| State Farm | $183 |
Common Volvo V60 Insurance Discounts
Discounts are a great way to lower your car insurance costs. While each auto insurance provider will offer their own discounts, there are some common ones which you can check your eligibility for:
- Multi-policy: If you bundle your home and auto insurance policies with one provider, you can often get a discounted rate.
- Pay annually: This is for people who pay their premium all at once, rather than spreading the payments out every month.
- Defensive driving: By taking defensive driving courses from a certified institution you can become eligible for discounted prices.
There are other discounts that you can apply for. You should speak to your insurance agent, as they can help you find ones that you are eligible for.
Compare Volvo V60 To Other Volvo Models
Looking for other Volvo model insurance costs?
Our Methodology
To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.
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FAQs
Do You Need Insurance Before You Can Purchase A Volvo V60?
Yes, you must have proof of insurance before driving your new Volvo V60 off the dealership lot. Dealerships are required by law to verify active insurance coverage before handing over the keys. The best approach is to shop for and purchase a policy ahead of time, then inform your insurer of the exact make and model once your purchase is finalized. While some dealerships may offer to set up insurance for you, it’s usually more cost-effective and flexible to arrange coverage on your own with a provider of your choice.
How Can You Get The Cheapest Insurance For Your Volvo V60?
The most effective way to secure the lowest insurance rate for your Volvo V60 is to compare quotes from several auto insurance companies. Rates can vary widely between providers based on your driving profile, location, and coverage needs. Thankfully, Insuranceopedia makes this easy—our platform lets you compare personalized quotes from multiple insurers all in one place. This saves you time and ensures you’re getting the best possible deal without compromising on coverage.
