Volvo Insurance Rates

The average cost of car insurance for a Volvo model is about $1,887 per year.

This is $338 better than other luxury brands. Our car insurance comparison studies assume a 40 year old good driver with full coverage and good credit, that drives around 13,000 miles per year. They also assume a single-car policy on a brand-new vehicle, and won't reflect any multi-car discounts. Many things can contribute to the actual rates. These variables include vehicle, age, location, mileage, credit score, driving record and more. Below you will find a chart that illustrates some of these differences. The tables further down show how these factors impact Volvo insurance rates.

Good Driver and Credit
Recent At-Fault Accident
Poor Credit Rating

Volvo insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure

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Insurance Cost per Volvo Model

Model Good Driver Recent Accident Poor Credit
Volvo S60 Insurance Cost $1,789 $2,628 $3,074
Volvo S90 Insurance Cost $2,245 $3,297 $3,857
Volvo V60 Insurance Cost $1,896 $2,784 $3,257
Volvo V60 Cross Country Insurance Cost $1,901 $2,791 $3,265
Volvo XC40 Insurance Cost $1,803 $2,648 $3,098
Volvo XC60 Insurance Cost $1,708 $2,508 $2,934
Volvo XC90 Insurance Cost $1,868 $2,743 $3,209

The cost to insure a Volvo model will differ significantly by the age of the driver. Younger drivers cost more to insure because they are much more likely to be at fault in an accident. That probability decreases dramatically by the time they turn 25 and so do the premiums. In fact, insurance cost by age continues to decline until after age 60, but the increases after are modest.

Credit plays a big role in premiums in most states. The under 25 crowd is far more likely to have very little credit established. The best way to mitigate this would be to join their family's multi-vehicle policy. Their rates will become more affordable as they age up and maintain a decent driving record. They can also build their credit at the same time. While paying car insurance doesn't improve credit on its own, using a credit card to so monthly can. As long as it's paid in full every billing cycle, of course. This is also an easy way to accumulate points on a rewards credit card as it's an expense required for every driver.

Insurance costs by age vary between brands based on resale values and safety ratings. If you're not set on a Volvo, then see our insurance analysis and rankings for other makes and models here.

Volvo Insurance Cost by Age

Age Good Driver Recent Accident Poor Credit
17 $6,392 $9,387 $10,981
18 $5,957 $8,748 $10,234
19 $5,265 $7,731 $9,044
20 $4,591 $6,741 $7,886
21 $3,849 $5,653 $6,613
22 $3,749 $5,505 $6,440
23 $3,280 $4,817 $5,635
24 $3,117 $4,576 $5,354
25 $2,690 $3,949 $4,620
30 $2,095 $3,077 $3,599
35 $1,962 $2,881 $3,371
40 $1,887 $2,771 $3,242
45 $1,837 $2,697 $3,154
55 $1,684 $2,473 $2,893
65 $1,757 $2,580 $3,018
75 $2,217 $3,256 $3,809

Volvo auto insurance premiums can cost a lot more or less depending on where you live. Rates are more expensive in Michigan because they mandate much higher coverage levels. California, Hawaii and Massachusetts don't allow providers to adjust rates based on credit. These figures also do not include the potential discounts on a multi-vehicle policy. Those can provide significant savings to a household full of drivers. The table below is a breakdown of how these factors can affect Volvo models by state.

Average Volvo Insurance by State

State Good Driver Recent Accident Poor Credit
Alabama $2,000 $2,904 $3,697
Alaska $1,654 $2,293 $2,229
Arizona $1,870 $2,703 $3,982
Arkansas $2,050 $3,221 $3,547
California $2,282 $4,036 $2,282
Colorado $2,130 $2,981 $3,782
Connecticut $2,721 $4,221 $5,357
Delaware $2,253 $3,002 $3,856
Florida $2,682 $3,711 $4,836
Hawaii $874 $1,186 $874
Idaho $1,518 $2,012 $2,446
Illinois $1,588 $2,401 $2,738
Indiana $1,632 $2,495 $2,800
Iowa $1,293 $1,773 $2,085
Kansas $1,720 $2,502 $2,927
Kentucky $2,486 $3,649 $4,310
Louisiana $3,192 $4,824 $5,231
Maine $1,207 $1,668 $2,463
Maryland $1,953 $2,842 $3,157
Massachusetts $1,566 $2,732 $1,566
Michigan $3,779 $5,759 $9,084
Minnesota $1,556 $2,074 $2,921
Mississippi $1,878 $2,679 $2,696
Missouri $1,770 $2,530 $3,324
Montana $1,799 $2,511 $2,922
Nebraska $1,521 $2,249 $2,444
Nevada $2,509 $3,721 $3,931
New Hampshire $1,745 $2,759 $3,488
New Jersey $1,923 $3,016 $3,947
New Mexico $1,963 $2,921 $3,032
New York $1,819 $2,290 $3,823
North Carolina $1,127 $1,937 $1,381
North Dakota $1,543 $2,345 $2,773
Ohio $1,376 $2,122 $2,175
Oklahoma $2,197 $3,145 $3,542
Oregon $1,999 $2,682 $3,203
Pennsylvania $1,684 $2,472 $2,892
Rhode Island $2,811 $4,123 $4,644
South Carolina $1,909 $2,646 $3,652
South Dakota $1,713 $2,468 $2,848
Tennessee $2,015 $2,965 $3,949
Texas $2,029 $2,931 $3,645
Utah $1,726 $2,418 $3,327
Vermont $1,328 $2,046 $2,162
Virginia $1,251 $1,921 $1,883
Washington $1,657 $2,248 $2,684
West Virginia $1,667 $2,387 $2,990
Wisconsin $1,662 $2,594 $2,958
Wyoming $1,551 $2,172 $2,313
Georgia $2,187 $3,270 $3,297