Volvo XC40 Car Insurance Cost 2025
To insure a Volvo XC40, it typically costs about $2,300 per year. However, insurance costs can vary based on factors like age, the model year of the car, and other individual factors. You can use our quote tables below to get an estimate of how much it might cost you.
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Securing insurance for the compact yet upscale Volvo VXC40 doesn’t have to strain your budget, but premiums do reflect its advanced safety technology and luxury badge. Recent market comparisons across multiple national carriers indicate that the average annual price for full‑coverage protection hovers near $2,300, translating to about $190 per month for a driver with a clean record.
This places the VXC40 slightly above mainstream small SUVs, yet below many luxury rivals in the same segment. Factors such as location, mileage, credit profile, and chosen deductibles will ultimately determine whether your personal quote lands higher or lower than industry averages.
How Much Does Volvo XC40 Car Insurance Cost?
Typically, Volvo XC40 drivers can find car insurance at an average rate of $2,300 per year.
Although USAA’s price serves as a solid reference point, it’s essential to recognize that car insurance costs can fluctuate significantly based on various factors. These factors encompass your geographical location, driving history, the model year of your vehicle, and the specific coverage options you select. A clean driving record tends to result in lower premiums, whereas a track record of accidents or traffic violations can lead to higher costs.
Furthermore, residing in an urban area with heavy traffic often translates to higher insurance rates compared to rural areas with less traffic congestion. Additionally, the type of coverage you opt for will impact your premium. Comprehensive insurance, which includes coverage for a wide range of incidents including collisions and theft, will generally carry a higher price tag than basic liability coverage.
Insuranceopedia offers assistance in comparing quotes from various insurance providers, ensuring that you secure the most favorable deal for your circumstances.
Average Insurance Cost Of Volvo XC40 Model Year
| Model Year | Average Premium |
| 2025 Volvo XC40 | $2,295 |
| 2024 Volvo XC40 | $1,818 |
| 2023 Volvo XC40 | $1,164 |
| 2022 Volvo XC40 | $1,195 |
| 2021 Volvo XC40 | $1,024 |
| 2020 Volvo XC40 | $1,468 |
| 2019 Volvo XC40 | $921 |
2025 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2025 Volvo XC40 is $2,295. However, Erie offers the cheapest rates, averaging $1,600 per year.
| Insurance Provider | Average Annual Cost |
| Nationwide | $2,700 |
| GEICO | $1,900 |
| Farmers | $3,700 |
| USAA | $1,520 |
| Progressive | $2,200 |
| Erie | $1,600 |
| Allstate | $3,050 |
| State Farm | $2,400 |
| Travelers | $1,800 |
| American Family | $2,080 |
2024 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2024 Volvo XC40 is $1,818. However, USAA offers the cheapest rates, averaging $1,596 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $1,680 |
| Erie | $2,127 |
| CSAA | $1,805 |
| Grange | $1,773 |
| USAA | $1,596 |
| 21st Century | $1,748 |
| Metropolitan | $1,637 |
| California Capital | $1,912 |
| Travelers | $2,095 |
| State Farm | $1,803 |
2023 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2023 Volvo XC40 is $1,164. However, Victoria offers the cheapest rates, averaging $250 per year.
| Insurance Provider | Average Annual Cost |
| Atlantic States Insurance | $1,007 |
| Erie | $1,678 |
| Donegal Mutual Insurance Co | $1,352 |
| Auto-Owners Insurance Co | $1,168 |
| Victoria | $250 |
| New Jersey Manufacturers | $1,083 |
| Allied | $775 |
| American Independent Ins Co | $1,396 |
| Liberty Mutual | $1,627 |
| Penn National | $1,302 |
2022 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2022 Volvo XC40 is $1,195. However, Unigard offers the cheapest rates, averaging $911 per year.
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $1,096 |
| Colorado Farm Bureau Mutual | $1,477 |
| Oregon Mutual | $1,231 |
| Allied | $1,174 |
| Unigard | $911 |
| Penn National | $1,173 |
| PEMCO | $984 |
| Cincinnati Insurance | $1,275 |
| Mutual Of Enumclaw | $1,419 |
| Capital Insurance Group | $1,208 |
2021 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2021 Volvo XC40 is $1,024. However, Safeco offers the cheapest rates, averaging $211 per year.
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $893 |
| Country | $1,429 |
| Norfolk and Dedham Group | $1,313 |
| New Jersey Manufacturers | $1,070 |
| Safeco | $211 |
| Pekin Insurance | $860 |
| American National P | $468 |
| Penn National | $1,333 |
| Auto-Owners Insurance Co | $1,404 |
| Safety Group | $1,262 |
2020 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2020 Volvo XC40 is $1,468. However, Clearcover offers the cheapest rates, averaging $1,007 per year.
| Insurance Provider | Average Annual Cost |
| Clearcover | $1,099 |
| Acuity | $1,833 |
| Rockford Mutual Insurance | $1,688 |
| Hastings Mutual Insurance Co | $1,428 |
| Clearcover | $1,007 |
| Auto-Owners Insurance Co | $1,369 |
| New Jersey Manufacturers | $1,072 |
| SECURA Insurance | $1,787 |
| Pekin Insurance | $1,799 |
| West Bend Mutual | $1,597 |
2019 Volvo XC40 Insurance Rates
The average annual insurance cost for a 2019 Volvo XC40 is $921. However, Buckeye Insurance Group offers the cheapest rates, averaging $372 per year.
| Insurance Provider | Average Annual Cost |
| Cincinnati Insurance | $697 |
| Frankenmuth Mutual | $1,260 |
| Mercury Insurance | $1,069 |
| Ohio Mutual Ins Group | $889 |
| Buckeye Insurance Group | $372 |
| Celina Insurance Group | $877 |
| Western Reserve | $675 |
| Atlantic States Insurance | $1,201 |
| Farm Bureau Mutual (IA Group) | $1,243 |
| Westfield | $925 |
Find Affordable Volvo XC40 Car Insurance
Are Volvo VXC40s Expensive To Insure?
Insuring a Volvo XC40 is generally affordable compared to other luxury SUVs. On average, full coverage costs about $1,611 annually, or roughly $134 per month, which is slightly above the national average for all vehicles. However, premiums can vary based on factors such as the driver’s age, driving history, and location. For instance, younger drivers or those with recent traffic violations may face higher rates. Conversely, individuals with clean driving records and good credit scores may benefit from lower premiums. To secure the most favorable rates, it’s advisable to compare quotes from multiple insurance providers, taking into account available discounts and coverage options.
Cost of Volvo XC40 Car Insurance By Age
Age is a key factor in how insurance rates are determined. Teen drivers usually face the highest premiums due to their higher likelihood of being involved in accidents. As you grow older and gain more driving experience, your risk level drops, leading to lower insurance costs over time.
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $8,055 | $11,786 | $13,813 |
| 18 | $7,531 | $11,023 | $12,899 |
| 19 | $6,621 | $9,715 | $11,369 |
| 20 | $5,773 | $8,449 | $9,919 |
| 21 | $4,810 | $7,102 | $8,327 |
| 22 | $4,752 | $6,938 | $8,082 |
| 23 | $4,107 | $6,069 | $7,096 |
| 24 | $3,932 | $5,771 | $6,736 |
| 25 | $3,352 | $4,966 | $5,829 |
| 30 | $2,666 | $3,880 | $4,518 |
| 35 | $2,456 | $3,594 | $4,244 |
| 40 | $2,357 | $3,493 | $4,076 |
| 45 | $2,315 | $3,394 | $4,005 |
| 55 | $2,143 | $3,108 | $3,640 |
| 65 | $2,178 | $3,255 | $3,815 |
| 75 | $2,775 | $4,094 | $4,807 |
Volvo XC40 Car Insurance Rates By State
Your location has a big influence on how much you’ll pay for car insurance. Since each state sets its own auto insurance rules, premiums can vary widely—for instance, drivers in Michigan often pay more due to the state’s higher coverage requirements. Local weather also matters, as areas prone to severe conditions like floods, hurricanes, or storms tend to see higher rates. On top of that, insurers consider local crime statistics, accident rates, car thefts, and traffic fatalities when determining your specific insurance cost for a Volvo XC40.
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $2,506 | $3,653 | $4,653 |
| Alaska | $2,090 | $2,915 | $2,808 |
| Arizona | $2,372 | $3,416 | $5,016 |
| Arkansas | $2,601 | $4,027 | $4,433 |
| California | $2,873 | $5,076 | $2,886 |
| Colorado | $2,674 | $3,778 | $4,772 |
| Connecticut | $3,452 | $5,331 | $6,740 |
| Delaware | $2,816 | $3,791 | $4,814 |
| Florida | $3,397 | $4,651 | $6,101 |
| Georgia | $2,752 | $4,142 | $4,142 |
| Hawaii | $1,108 | $1,473 | $1,079 |
| Idaho | $1,917 | $2,528 | $3,062 |
| Illinois | $1,984 | $3,024 | $3,441 |
| Indiana | $2,074 | $3,135 | $3,528 |
| Iowa | $1,631 | $2,213 | $2,654 |
| Kansas | $2,147 | $3,181 | $3,654 |
| Kentucky | $3,086 | $4,586 | $5,413 |
| Louisiana | $4,007 | $6,061 | $6,572 |
| Maine | $1,521 | $2,064 | $3,114 |
| Maryland | $2,461 | $3,575 | $3,950 |
| Massachusetts | $1,978 | $3,437 | $1,959 |
| Michigan | $4,756 | $7,271 | $11,426 |
| Minnesota | $1,951 | $2,601 | $3,684 |
| Mississippi | $2,378 | $3,368 | $3,422 |
| Missouri | $2,241 | $3,190 | $4,222 |
| Montana | $2,257 | $3,156 | $3,709 |
| Nebraska | $1,913 | $2,845 | $3,036 |
| Nevada | $3,140 | $4,677 | $4,953 |
| New Hampshire | $2,171 | $3,459 | $4,384 |
| New Jersey | $2,418 | $3,782 | $4,995 |
| New Mexico | $2,454 | $3,678 | $3,794 |
| New York | $2,277 | $2,872 | $4,821 |
| North Carolina | $1,391 | $2,426 | $1,712 |
| North Dakota | $1,911 | $2,942 | $3,520 |
| Ohio | $1,748 | $2,675 | $2,738 |
| Oklahoma | $2,774 | $3,977 | $4,458 |
| Oregon | $2,512 | $3,371 | $4,044 |
| Pennsylvania | $2,123 | $3,074 | $3,631 |
| Rhode Island | $3,542 | $5,176 | $5,822 |
| South Carolina | $2,398 | $3,351 | $4,595 |
| South Dakota | $2,133 | $3,102 | $3,555 |
| Tennessee | $2,527 | $3,710 | $4,950 |
| Texas | $2,556 | $3,681 | $4,562 |
| Utah | $2,172 | $3,048 | $4,196 |
| Vermont | $1,681 | $2,595 | $2,704 |
| Virginia | $1,576 | $2,387 | $2,375 |
| Washington | $2,104 | $2,820 | $3,357 |
| West Virginia | $2,094 | $2,997 | $3,784 |
| Wisconsin | $2,106 | $3,268 | $3,696 |
| Wyoming | $1,945 | $2,724 | $2,896 |
Cheapest Car Insurance Companies For A Volvo VXC40
The five least‑expensive insurers for a Volvo VXC40 are GEICO, USAA, American Family, Erie, and Travelers. Among these, Erie offers the lowest monthly rate, while American Family has the highest cost within this selection.
| Insurance Company | Average Monthly Rate |
|---|---|
| GEICO | $152 |
| USAA | $130 |
| American Family | $180 |
| Erie | $128 |
| Travelers | $155 |
Common Volvo XC40 Insurance Discounts
Car insurance discounts are a great way to reduce your overall premium. While each insurer offers different options, here are a few common discounts you might be able to take advantage of:
- Multi-policy discount: Bundling your auto insurance with other policies, like home insurance, often results in savings.
- Annual payment discount: Paying your full premium upfront instead of monthly can earn you a lower rate.
- Defensive driving discount: Completing an approved defensive driving course may qualify you for reduced premiums.
There are also additional discounts you could be eligible for. It’s a good idea to speak with your insurance agent, who can help identify the ones that apply to your situation.
Compare Volvo XC40 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 XC40?
Yes, you’ll need to show proof of insurance before taking your Volvo XC40 home from the dealership. It’s generally a good idea to purchase a policy in advance and notify your insurer about the upcoming purchase, rather than relying on the dealership to provide coverage.
How Can You Get The Cheapest Insurance For Your Volvo XC40?
To find the most affordable insurance rates for your Volvo XC40, it’s best to shop around and compare quotes from various insurance companies. With Insuranceopedia, you can easily compare offers from multiple providers directly on our website.
