Volvo Car Insurance: How Much Is Volvo Insurance? 2024
The typical monthly cost to insure a Volvo is $206, which adds up to about $2,475 per year.
We’ve saved shoppers an average of $600 per year on their car insurance.
Volvo, founded in Sweden in 1927, is renowned for producing safe, innovative, and reliable vehicles, including sedans, SUVs, and electric models. The cost to insure a Volvo depends on several factors, including your age, driving history, and where you live car insurance Insurance companies use this information to evaluate the risk of insuring your Volvo and set your premium. The average cost to insure a Volvo is $2,475 per year.
How Much Does Volvo Insurance Cost?
On average, insuring a Volvo costs $206 per month, amounting to approximately $2,475 annually. However, your specific insurance rate will depend on several factors, including your age, location, driving history, and the particular Volvo model you drive.
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 $2,475 per year.
The Volvo XC60 is the cheapest model to insure, at $2,245 per year. On the other hand, the Volvo S90 is the most expensive, at an average of $2,933 per year.
Use the table below to compare insurance rates for Volvo models.
| Volvo Model | Average Yearly Insurance Cost |
| Volvo S60 | $2,352 |
| Volvo S90 | $2,933 |
| Volvo V60 | $2,487 |
| Volvo XC40 | $2,369 |
| Volvo XC60 | $2,245 |
| Volvo XC90 | $2,462 |
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 $156 per month. In contrast, insuring a Volvo averages $206 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 $2,024 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo S60 | $4,911 |
| 2022 Volvo S60 | $1,929 |
| 2021 Volvo S60 | $1,089 |
| 2020 Volvo S60 | $1,190 |
| 2019 Volvo S60 | $1,002 |
Volvo S90 Insurance Cost
The average cost of insuring a Volvo S90 across all model years, is $2,391 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo S90 | $1,799 |
| 2023 Volvo S90 | $2,587 |
| 2022 Volvo S90 | $3,409 |
| 2021 Volvo S90 | $2,585 |
| 2020 Volvo S90 | $1,573 |
Volvo V60 Insurance Cost
The average cost of insuring a Volvo V60 across all model years, is $2,719 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo V60 | $3,141 |
| 2022 Volvo V60 | $5,860 |
| 2021 Volvo V60 | $1,674 |
| 2020 Volvo V60 | $1,715 |
| 2019 Volvo V60 | $1,205 |
Volvo XC40 Insurance Cost
The average cost of insuring a Volvo XC40 across all model years, is $1,334 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 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 |
Volvo XC60 Insurance Cost
The average cost of insuring a Volvo XC60 across all model years, is $1,454 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo XC60 | $2,021 |
| 2023 Volvo XC60 | $1,841 |
| 2022 Volvo XC60 | $1,071 |
| 2021 Volvo XC60 | $1,250 |
| 2020 Volvo XC60 | $1,087 |
Volvo XC90 Insurance Cost
The average cost of insuring a Volvo XC90 across all model years, is $1,997 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2024 Volvo XC90 | $1,369 |
| 2023 Volvo XC90 | $4,854 |
| 2022 Volvo XC90 | $1,075 |
| 2021 Volvo XC90 | $1,375 |
| 2020 Volvo XC90 | $1,314 |
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 $1,878 per year.
Use the table below to compare cheap full-coverage rates for an Toyota.
| Company | Average Annual Premium |
| GEICO | $1,878 |
| Nationwide | $2,891 |
| State Farm | $2,096 |
| Progressive | $2,933 |
| Farmers | $2,886 |
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 | $8,406 |
| 18 | $7,832 |
| 19 | $6,924 |
| 20 | $6,039 |
| 21 | $5,046 |
| 22 | $4,936 |
| 23 | $4,304 |
| 24 | $4,104 |
| 25 | $3,527 |
| 30 | $2,754 |
| 35 | $2,569 |
| 40 | $2,471 |
| 45 | $2,420 |
| 55 | $2,206 |
| 65 | $2,319 |
| 75 | $2,905 |
Average Volvo Car Insurance Rates – By Company
| Insurance Provider | Average Monthly Premium |
| USAA | $133 |
| GEICO | $144 |
| Allstate | $157 |
| State Farm | $160 |
| Progressive | $168 |
Average Volvo Car Insurance Rates – By U.S. State
| State | Average Annual Rate |
| Alabama | $2,618 |
| Alaska | $2,183 |
| Arizona | $2,463 |
| Arkansas | $2,684 |
| California | $3,009 |
| Colorado | $2,804 |
| Connecticut | $3,565 |
| Delaware | $2,950 |
| Florida | $3,512 |
| Hawaii | $1,158 |
| Idaho | $2,003 |
| Illinois | $2,078 |
| Indiana | $2,133 |
| Iowa | $1,706 |
| Kansas | $2,249 |
| Kentucky | $3,278 |
| Louisiana | $4,185 |
| Maine | $1,577 |
| Maryland | $2,558 |
| Massachusetts | $2,070 |
| Michigan | $4,972 |
| Minnesota | $2,038 |
| Mississippi | $2,459 |
| Missouri | $2,319 |
| Montana | $2,357 |
| Nebraska | $1,995 |
| Nevada | $3,287 |
| New Hampshire | $2,299 |
| New Jersey | $2,532 |
| New Mexico | $2,573 |
| New York | $2,397 |
| North Carolina | $1,473 |
| North Dakota | $2,036 |
| Ohio | $1,811 |
| Oklahoma | $2,876 |
| Oregon | $2,619 |
| Pennsylvania | $2,207 |
| Rhode Island | $3,685 |
| South Carolina | $2,517 |
| South Dakota | $2,261 |
| Tennessee | $2,654 |
| Texas | $2,676 |
| Utah | $2,269 |
| Vermont | $1,740 |
| Virginia | $1,640 |
| Washington | $2,184 |
| West Virginia | $2,202 |
| Wisconsin | $2,192 |
| Wyoming | $2,042 |
| 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 $2,933 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 $2,245 per year.
