Volvo Car Insurance: How Much Is Volvo Insurance? 2026
The typical monthly cost to insure a Volvo is $207, which adds up to about $2,488 per year.
We’ve saved shoppers an average of $600 per year on their car insurance.
Volvo car insurance typically costs between $2,252 and $2,966 per year, depending on model, driver profile, and location. Smaller sedans and crossovers generally fall toward the lower end, while larger SUVs and high-trim models push premiums higher due to repair and replacement expenses.
Insurers place weight on safety features and claims history, so drivers with clean records in lower-risk areas often pay noticeably less than urban drivers; adding collision or comprehensive coverage can raise annual premiums by several hundred dollars.
How Much Does Volvo Insurance Cost?
On average, insuring a Volvo costs $207 per month, amounting to approximately $2,488 annually. However, your specific insurance rate will depend on several factors, including your age, location, driving history, and the particular Volvo model you drive.
What’s Changed In 2026?
- Insurers increasingly price electric and hybrid vehicles differently due to higher repair and battery costs.
- Wider ADAS adoption lowered claim frequency but increased average repair costs for vehicles with complex sensors.
- Usage-based telematics discounts became more common, letting safe Volvo drivers lower premiums based on driving data.
- Insurer rate changes stabilized after earlier inflation-driven increases, though regional differences remain.
Average Volvo Insurance Cost By Model
A key factor in determining your car insurance rate is the model that you drive. According to our analysis, the average cost of insuring a Volvo, across all models, is $2,488 per year.
The Volvo XC60 is the cheapest model to insure, at $2,257 per year. On the other hand, the Volvo S90 is the most expensive, at an average of $2,949 per year.
Use the table below to compare insurance rates for Volvo models.
| Volvo Model | Average Yearly Insurance Cost |
| Volvo S60 | $2,365 |
| Volvo S90 | $2,949 |
| Volvo V60 | $2,500 |
| Volvo XC40 | $2,382 |
| Volvo XC60 | $2,257 |
| Volvo XC90 | $2,475 |
Keep in mind that these numbers are just averages. The actual cost may differ based on where you live, your age, your driving history, and the type of coverage you select.
Are Volvos Expensive To Insure?
The national average for car insurance is $157 per month. In contrast, insuring a Volvo averages $207 per month, notably higher than the national rate. However, since insurance costs are largely influenced by specific car models rather than the brand overall, it’s essential to explore rates tailored to your Volvo model.
Volvo S60 Insurance Cost
The average cost of insuring a Volvo S60 across all model years, is $2,035 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo S60 | $4,937 |
| 2022 Volvo S60 | $1,939 |
| 2021 Volvo S60 | $1,095 |
| 2020 Volvo S60 | $1,196 |
| 2019 Volvo S60 | $1,007 |
Volvo S90 Insurance Cost
The average cost of insuring a Volvo S90 across all model years, is $2,404 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo S90 | $1,809 |
| 2023 Volvo S90 | $2,601 |
| 2022 Volvo S90 | $3,427 |
| 2021 Volvo S90 | $2,599 |
| 2020 Volvo S90 | $1,581 |
Volvo V60 Insurance Cost
The average cost of insuring a Volvo V60 across all model years, is $2,734 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo V60 | $3,158 |
| 2022 Volvo V60 | $5,892 |
| 2021 Volvo V60 | $1,683 |
| 2020 Volvo V60 | $1,724 |
| 2019 Volvo V60 | $1,211 |
Volvo XC40 Insurance Cost
The average cost of insuring a Volvo XC40 across all model years, is $1,341 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo XC40 | $1,828 |
| 2023 Volvo XC40 | $1,170 |
| 2022 Volvo XC40 | $1,201 |
| 2021 Volvo XC40 | $1,030 |
| 2020 Volvo XC40 | $1,476 |
Volvo XC60 Insurance Cost
The average cost of insuring a Volvo XC60 across all model years, is $1,462 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo XC60 | $2,032 |
| 2023 Volvo XC60 | $1,851 |
| 2022 Volvo XC60 | $1,077 |
| 2021 Volvo XC60 | $1,257 |
| 2020 Volvo XC60 | $1,093 |
Volvo XC90 Insurance Cost
The average cost of insuring a Volvo XC90 across all model years, is $2,008 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo XC90 | $1,376 |
| 2023 Volvo XC90 | $4,880 |
| 2022 Volvo XC90 | $1,081 |
| 2021 Volvo XC90 | $1,382 |
| 2020 Volvo XC90 | $1,321 |
Cheapest Car Insurance Companies For Volvos
The cost of your Volvo car insurance policy will depend on the company that you choose. GEICO offers the cheapest rates for insuring a Volvo, at $1,888 per year.
Use the table below to compare cheap full-coverage rates for an Toyota.
| Company | Average Annual Premium |
| GEICO | $1,888 |
| Nationwide | $2,907 |
| State Farm | $2,107 |
| Progressive | $2,949 |
| Farmers | $2,902 |
Volvo Car Insurance Cost – By Driver Age
The rates you pay to insure a Volvo will differ dramatically based on driver age. Younger drivers tend to pay a lot more for car insurance because, statistically, they are much more likely to get into accidents.
As drivers get older, their insurance rates tend to drop until they turn about 60-70. Then their rates increase again.
| Age | Average Annual Rate |
| 17 | $8,451 |
| 18 | $7,874 |
| 19 | $6,961 |
| 20 | $6,071 |
| 21 | $5,073 |
| 22 | $4,963 |
| 23 | $4,327 |
| 24 | $4,126 |
| 25 | $3,546 |
| 30 | $2,769 |
| 35 | $2,583 |
| 40 | $2,484 |
| 45 | $2,433 |
| 55 | $2,218 |
| 65 | $2,331 |
| 75 | $2,921 |
Seeing the average cost is helpful, but it doesn’t tell you what your own policy actually protects. Curious what’s really in yours? Upload it to PolicyOwl and get a clear, plain-English breakdown in minutes.
Average Volvo Car Insurance Rates – By Company
| Insurance Provider | Average Monthly Premium |
| USAA | $134 |
| GEICO | $145 |
| Allstate | $158 |
| State Farm | $161 |
| Progressive | $169 |
Average Volvo Car Insurance Rates – By U.S. State
| State | Average Annual Rate |
| Alabama | $2,618 |
| Alaska | $2,056 |
| Arizona | $2,448 |
| Arkansas | $2,649 |
| California | $3,054 |
| Colorado | $2,804 |
| Connecticut | $3,630 |
| Delaware | $2,996 |
| Florida | $3,512 |
| Hawaii | $1,149 |
| Idaho | $1,966 |
| Illinois | $2,091 |
| Indiana | $2,116 |
| Iowa | $1,706 |
| Kansas | $2,308 |
| Kentucky | $3,312 |
| Louisiana | $4,185 |
| Maine | $1,588 |
| Maryland | $2,541 |
| Massachusetts | $2,011 |
| Michigan | $5,083 |
| Minnesota | $2,016 |
| Mississippi | $2,486 |
| Missouri | $2,319 |
| Montana | $2,391 |
| Nebraska | $2,041 |
| Nevada | $3,378 |
| New Hampshire | $2,354 |
| New Jersey | $2,562 |
| New Mexico | $2,516 |
| New York | $2,205 |
| North Carolina | $1,460 |
| North Dakota | $2,036 |
| Ohio | $1,811 |
| Oklahoma | $2,876 |
| Oregon | $2,619 |
| Pennsylvania | $2,221 |
| Rhode Island | $3,648 |
| South Carolina | $2,507 |
| South Dakota | $2,246 |
| Tennessee | $2,654 |
| Texas | $2,663 |
| Utah | $2,238 |
| Vermont | $1,603 |
| Virginia | $1,664 |
| Washington | $2,196 |
| West Virginia | $2,245 |
| Wisconsin | $2,175 |
| Wyoming | $2,064 |
| Georgia | $2,872 |
How To Save Money On Volvo Car Insurance?
Owning a Volvo involves several costs, and car insurance is a significant one. However, there are ways to reduce your insurance expenses. Here are some tips:
Maintain a Clean Driving Record
Insurance companies consider your driving history very important when setting your premium. By staying accident-free and avoiding traffic tickets, you demonstrate to insurers that you are a low-risk driver, which can help reduce your insurance costs.
Bundle Your Policies
Many insurance companies provide discounts if you bundle multiple policies, such as home and auto insurance. This makes managing your insurance easier and can also lower your premiums.
Raise Your Deductible
Raising your deductible, which is the amount you pay before your insurance starts covering costs, can reduce your premium. Just make sure you can handle the higher deductible if you need to make a claim.
Install Safety Features
Volvo cars are already equipped with many safety features, but installing additional items like anti-theft devices can help lower your insurance costs even more by reducing the risk of theft and damage.
Take Advantage of Discounts
Insurance companies frequently provide discounts for things such as being a good student, maintaining a clean driving record, or taking a defensive driving course. Check with your insurer to see if you qualify for any of these discounts.
Shop Around
Insurance premiums can differ significantly among various providers. Make sure to compare quotes to find the insurance company that gives you the best value for your situation.
Consider Usage-Based Insurance
If you don’t use your Volvo very often, consider a usage-based insurance policy. This type of insurance adjusts your premium based on how much you drive, which could save you money if your Volvo isn’t your primary vehicle.
Our Methodology
In order to calculate average car insurance costs, Insuranceopedia aggregated thousands of quotes from leading auto insurance providers. The sample profile was for a 40-year-old male driver buying full-coverage car insurance with these coverage limits: $100,000 in property damage liability, $100k in bodily injury liability and a $1,000 deductible. However, the figures in this guide may differ from your own individual results
FAQs
What Is The Most Expensive Volvo Model To Insure?
At $2,949 per year, the Volvo S90 is the most expensive Volvo model for car insurance.
What Is The Cheapest Volvo Model To Insure?
The Volvo XC60 is the cheapest model for car insurance, at $2,257 per year.
About Bob Phillips
Bob Phillips is a former California-licensed insurance agent (license #0C27547) with over 15 years helping clients plan their finances. He holds the Chartered Life Underwriter (CLU) designation from The American College, a BA from the State University of New York, and Series 6, 7, 26, 63, and 65 securities licenses, and has held life, health, disability, and property/casualty insurance licenses.
He has written hundreds of insurance and investment articles and published two financial books. You can verify Bob’s license history (#0C27547) at the California Department of Insurance.