Volvo car insurance benefits: Volvo is in the luxury market, and the vehicle costs more than many other cars, which may contribute to the increased cost of Volvo insurance.
Our national average cost of a full coverage car insurance policy was $1,674 per year (based on 2021 data), and was only a Volvo model.
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Cheap car insurance companies for Volvos
Each insurance provider will charge a different rate (Volvo insurance rates) for the same car make and model.
If you’re looking for an affordable premium, we’ve identified the five best car insurance companies that offer affordable rates for Volvos based on sample rate data.
- State Farm
- Erie
- Amica
- Geico
- USAA
Volvo car insurance cost by model
All auto insurance companies have their own pricing models, which means the cost of car insurance varies. The type of car you drive is also essential.
The cost of insuring a Volvo model is determined by its base price, safety features, repair costs, parts prices, and accident risk.
Some other factors that specifically affect Volvo car insurance rates.
Crash test statistics conducted by the IIHS (Insurance Institute of Highway Safety) for every make and model of Volvo show that they are safe cars to insure.
The figures are consistent with Volvo’s reputation for making safe cars. And safer cars are generally cheaper to insure.
Spare parts for Volvo cars are expensive. Because some parts have to be imported from different parts of the world. And expensive parts mean higher premiums for car insurance because the insurance company has to pay more if the owner makes a claim.
Among the various models available, the cheapest Volvo car to insure is $1,534 per year for drivers in their 30s and $1,474 per year for drivers in their 40s.
The most expensive Volvo car is also insured at $2,387 per year for drivers over 30. drivers age 40. For $2,274 per year.
Car Insurance for Volvo: By Model
As mentioned, the cost of auto insurance for Volvo is mainly based on the model. Also, personal factors like your ticket history and annual mileage will also affect your rate.
Whether you currently own a Volvo or are thinking of buying one, the sample quotes will help you better understand what you might pay to insure some of the best models.
Car insurance for Volvo S90
There’s also an electric version, called the S90 Recharge, which starts at $60,050 MSRP. The base model S90 comes with all the bells and whistles, such as integrated Google Maps, Google Assistant, and a state-of-the-art sound system. It is also named a Top Safety Pick+ by the IIHS. Since the Volvo S90 is a luxury car, the cost of a full coverage insurance policy may be higher than average.
Car insurance for Volvo V60
Volvo also makes the plug-in V60 Recharge Hybrid, priced at $67,300. The car is highly rated for safety and has been named Top Safety Pick+ by the IIHS for both standard and recharged models. The V60 has performance features such as Off-Road Drive Mode and Hill Descent Control. It also has many advanced security features.
Car insurance for Volvo XC60
Volvo xc60 insurance cost: The Volvo XC60 is the cheapest model to insure based on our sample rates. It is a mid-size SUV with an MSRP of $42,650 for the base model and $54,250 for the recharge model. The Volvo XC60 earned the Top Safety Pick+ badge from the IIHS and comes with safety techs like blind spot monitoring, a backup camera, and a forward collision warning. It has a hands-free display with built-in Google Play and an optional Bowers & Wilkins sound system.
Car insurance for Volvo XC90
The Volvo XC90 is one of the brand’s most popular models. It is a full-size SUV with a starting price of $50,900 for the standard model and $64,800 for the Recharge model. Like the other Volvo models we’ve reviewed, the standard model and recharge model XC90 have been named a Top Safety Pick+ by the IIHS. The XC90 comes in several trim levels, all fitted with lane keep assist, blind spot monitoring, and other systems designed to reduce the risk of accidents.
Other car insurance coverage for Volvo
Every Volvo owner must carry at least a minimum amount of car insurance if they live in a state that requires auto insurance, which most states do.
A minimum coverage policy comes with bodily injury and property damage insurance and may include uninsured and underinsured motorist coverage and personal injury protection (PIP) or medical coverage, depending on state car insurance laws.
Drivers who want additional coverage for their Volvo should consider purchasing a full coverage policy, which includes collision coverage, comprehensive coverage, and possibly medical payments coverage. Here’s a closer look at what this policy covers:
Collision Insurance: Collision insurance pays for vehicle repairs after a one-fault accident. If your car is totaled and your policy covers the claim, Collision pays you based on the actual cash value (ACV) of your car.
Comprehensive Insurance: Comprehensive insurance helps pay for vehicle repairs after non-collision events such as fire, flood, vandalism, or theft. It also provides compensation based on the ACV of your vehicle if your vehicle is subject to a coverage claim.
Medical Payments Insurance: If you or a passenger is injured in an accident, your Medical Payments coverage can pay for your medical bills up to the coverage limit.
FAQ By Volvo Car Insurance
The average monthly cost of auto insurance for Volvo owners is $157 and up to about $1,848 annually. While there are many factors involved in determining your insurance rate, the biggest one is the make and model of the car you drive.
Yes, Volvo is a luxury car manufacturer. Volvo cars and SUVs are valued for their premium features, interior comfort, and consistently high safety standards. Every Volvo car has the exceptional build quality and an exterior style that exudes the elegance of a luxury vehicle
BMW ranks 7th in reliability, and JD Power is above the industry average. Volvo ranked 29th with a further 82 problems per 100 vehicles. From a survey of all its customers, the December 2019 Auto issue of Consumer Reports reports that BMW vehicles are more reliable than Volvo vehicles.
Volvo recommends using premium gasoline, with an octane rating of 91 or higher. However, this is not a requirement. Only gasoline with an octane rating of 87 can be used without affecting the reliability of your engine.
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