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.

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Updated: 04 April 2024
Written by
Ahmed
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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

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.

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