Volvo XC40 Car Insurance Cost
To insure a Volvo XC40, it typically costs about $1,817 per year with coverage from State Farm. 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.
If you’re thinking about buying a Volvo XC40, it’s important to consider the cost of insurance. Insurance is a crucial aspect of owning a car, and it’s essential to understand what you’re signing up for before you make a purchase.
Failing to choose a suitable car insurance policy can result in unexpected and potentially high expenses in the future. You don’t want to find yourself with inadequate coverage in the event of an accident, which could leave you facing substantial out-of-pocket costs. Additionally, there’s the possibility of your insurance premiums increasing if you’re deemed at fault in an accident.
Having analyzed car insurance rates for over a decade, I’ve observed how much these costs can vary. Factors such as your age, driving history, and even your location can significantly impact the premiums you pay for insurance.
How Much Does Volvo XC40 Car Insurance Cost?
Typically, State Farm provides the most attractive price, averaging at $1,817 annually, for comprehensive insurance coverage on a 2024 Volvo XC40.
Although State Farm’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.
2024 Volvo XC40 Insurance Rates
| Insurance Provider | Average Annual Cost |
| State Farm | $1,817 |
| Travelers | $2,107 |
| Erie | $2,111 |
| USAA | $2,220 |
| Nationwide | $2,603 |
| Hanover | $3,130 |
| Chubb | $3,533 |
| Allstate | $3,584 |
| Esurance | $5,332 |
| Unitrin | $5,549 |
2023 Volvo XC40 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Victoria | $222 |
| Allied | $784 |
| Atlantic States Insurance | $1,003 |
| New Jersey Manufacturers | $1,106 |
| Auto-Owners Insurance Co | $1,133 |
| Penn National | $1,304 |
| Donegal Mutual Insurance Co | $1,351 |
| American Independent Ins Co | $1,379 |
| Liberty Mutual | $1,642 |
| Erie | $1,656 |
2022 Volvo XC40 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Victoria | $247 |
| American National P | $381 |
| Buckeye Insurance Group | $556 |
| Western Reserve | $769 |
| Titan | $758 |
| Ohio Mutual Ins Group | $787 |
| Unigard | $945 |
| Southern Farm Bureau | $949 |
| PEMCO | $1,022 |
| Utica National Ins Group | $1,092 |
2021 Volvo XC40 Insurance Rates
| Insurance Provider | Average Annual Cost |
| American National P | $473 |
| Safeco | $535 |
| Mercury Insurance | $624 |
| Dairyland | $874 |
| Clearcover | $859 |
| Titan | $936 |
| Victoria | $978 |
| ALFA | $974 |
| North Carolina Farm Bureau | $995 |
| New Jersey Manufacturers | $1,036 |
2020 Volvo XC40 Insurance Rates
| Insurance Provider | Average Annual Cost |
| American National P | $651 |
| North Carolina Farm Bureau | $708 |
| Titan | $793 |
| Clearcover | $1,030 |
| Farm Bureau Mutual (IA Group) | $1,019 |
| Safeco | $1,082 |
| Direct Auto | $1,158 |
| Oregon Mutual | $1,154 |
| Utica National Ins Group | $1,182 |
| New Jersey Manufacturers | $1,258 |
2019 Volvo XC40 Insurance Rates
| Insurance Provider | Average Annual Cost |
| American National P | $204 |
| Buckeye Insurance Group | $383 |
| Western Reserve | $676 |
| Southern Farm Bureau | $811 |
| Celina Insurance Group | $875 |
| Ohio Mutual Ins Group | $880 |
| Westfield | $932 |
| MO Farm Bureau Services | $1,076 |
| Mercury Insurance | $1,093 |
| General Casualty | $1,101 |
Cost of Volvo XC40 Car Insurance By Age
| Drive Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $6,109 | $8,987 | $10,488 |
| 18 | $5,691 | $8,374 | $9,797 |
| 19 | $5,042 | $7,395 | $8,644 |
| 20 | $4,395 | $6,461 | $7,556 |
| 21 | $3,681 | $5,421 | $6,336 |
| 22 | $3,569 | $5,248 | $6,148 |
| 23 | $3,127 | $4,602 | $5,366 |
| 24 | $2,999 | $4,354 | $5,130 |
| 25 | $2,560 | $3,784 | $4,435 |
| 30 | $2,006 | $2,943 | $3,421 |
| 35 | $1,877 | $2,748 | $3,241 |
| 40 | $1,801 | $2,666 | $3,088 |
| 45 | $1,765 | $2,582 | $3,031 |
| 55 | $1,614 | $2,377 | $2,776 |
| 65 | $1,678 | $2,471 | $2,872 |
| 75 | $2,109 | $3,105 | $3,657 |
Volvo XC40 Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $1,926 | $2,760 | $3,543 |
| Alaska | $1,574 | $2,193 | $2,113 |
| Arizona | $1,799 | $2,597 | $3,800 |
| Arkansas | $1,952 | $3,072 | $3,371 |
| California | $2,166 | $3,854 | $2,163 |
| Colorado | $2,034 | $2,844 | $3,605 |
| Connecticut | $2,601 | $4,051 | $5,110 |
| Delaware | $2,137 | $2,875 | $3,695 |
| Florida | $2,565 | $3,528 | $4,640 |
| Hawaii | $855 | $1,123 | $823 |
| Idaho | $1,457 | $1,911 | $2,335 |
| Illinois | $1,514 | $2,300 | $2,624 |
| Indiana | $1,580 | $2,364 | $2,690 |
| Iowa | $1,231 | $1,695 | $2,004 |
| Kansas | $1,652 | $2,403 | $2,807 |
| Kentucky | $2,358 | $3,483 | $4,126 |
| Louisiana | $3,045 | $4,622 | $4,999 |
| Maine | $1,138 | $1,611 | $2,374 |
| Maryland | $1,875 | $2,735 | $3,035 |
| Massachusetts | $1,508 | $2,632 | $1,483 |
| Michigan | $3,624 | $5,486 | $8,674 |
| Minnesota | $1,506 | $1,992 | $2,798 |
| Mississippi | $1,791 | $2,553 | $2,562 |
| Missouri | $1,693 | $2,438 | $3,177 |
| Montana | $1,729 | $2,417 | $2,783 |
| Nebraska | $1,454 | $2,135 | $2,354 |
| Nevada | $2,399 | $3,543 | $3,765 |
| New Hampshire | $1,671 | $2,619 | $3,335 |
| New Jersey | $1,840 | $2,866 | $3,753 |
| New Mexico | $1,883 | $2,792 | $2,887 |
| New York | $1,744 | $2,170 | $3,666 |
| North Carolina | $1,069 | $1,850 | $1,318 |
| North Dakota | $1,463 | $2,234 | $2,634 |
| Ohio | $1,300 | $2,037 | $2,100 |
| Oklahoma | $2,105 | $3,000 | $3,397 |
| Oregon | $1,921 | $2,546 | $3,066 |
| Pennsylvania | $1,594 | $2,372 | $2,763 |
| Rhode Island | $2,689 | $3,923 | $4,417 |
| South Carolina | $1,822 | $2,517 | $3,504 |
| South Dakota | $1,628 | $2,352 | $2,718 |
| Tennessee | $1,906 | $2,842 | $3,767 |
| Texas | $1,943 | $2,783 | $3,486 |
| Utah | $1,654 | $2,314 | $3,176 |
| Vermont | $1,287 | $1,954 | $2,070 |
| Virginia | $1,206 | $1,847 | $1,794 |
| Washington | $1,568 | $2,168 | $2,570 |
| West Virginia | $1,598 | $2,268 | $2,851 |
| Wisconsin | $1,596 | $2,468 | $2,819 |
| Wyoming | $1,491 | $2,080 | $2,206 |
| Georgia | $2,090 | $3,105 | $3,156 |
Compare Volvo XC40 To Other Volvo Models
FAQs
Who has the cheapest car insurance for a Volvo XC40?
State Farm provides the most affordable car insurance for Volvo XC40 vehicles from the years 2019 to 2024.
Which company offers the best car insurance for a Volvo XC40?
Considering factors such as competitive pricing, comprehensive coverage, and excellent customer service, we recommend State Farm as the top choice for car insurance for Volvo XC40 vehicles.
