Volvo Insurance Rates

The average cost of car insurance for a Volvo model is about $1,628 per year.

This is $159 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

Insurance Cost per Volvo Model

Model Good Driver Recent Accident Poor Credit
Volvo S60 Insurance Cost $1,568 $2,303 $2,694
Volvo S90 Insurance Cost $1,805 $2,651 $3,101
Volvo V60 Insurance Cost $1,662 $2,440 $2,855
Volvo V60 Cross Country Insurance Cost $1,666 $2,446 $2,862
Volvo XC40 Insurance Cost $1,580 $2,320 $2,715
Volvo XC60 Insurance Cost $1,481 $2,174 $2,543
Volvo XC90 Insurance Cost $1,637 $2,404 $2,812

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 $5,516 $8,100 $9,475
18 $5,141 $7,548 $8,830
19 $4,543 $6,671 $7,804
20 $3,961 $5,817 $6,804
21 $3,322 $4,878 $5,706
22 $3,235 $4,750 $5,557
23 $2,831 $4,156 $4,863
24 $2,689 $3,949 $4,620
25 $2,321 $3,408 $3,987
30 $1,808 $2,655 $3,106
35 $1,693 $2,486 $2,909
40 $1,628 $2,391 $2,797
45 $1,585 $2,327 $2,722
55 $1,453 $2,134 $2,497
65 $1,516 $2,226 $2,604
75 $1,913 $2,810 $3,287

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 $1,725 $2,506 $3,190
Alaska $1,427 $1,978 $1,923
Arizona $1,614 $2,332 $3,436
Arkansas $1,769 $2,779 $3,060
California $1,970 $3,483 $1,970
Colorado $1,838 $2,572 $3,264
Connecticut $2,348 $3,642 $4,623
Delaware $1,944 $2,591 $3,328
Florida $2,315 $3,202 $4,173
Georgia $1,887 $2,822 $2,845
Hawaii $754 $1,023 $754
Idaho $1,310 $1,736 $2,111
Illinois $1,371 $2,072 $2,362
Indiana $1,408 $2,153 $2,416
Iowa $1,115 $1,530 $1,799
Kansas $1,484 $2,159 $2,525
Kentucky $2,145 $3,149 $3,719
Louisiana $2,754 $4,163 $4,514
Maine $1,041 $1,440 $2,125
Maryland $1,685 $2,453 $2,724
Massachusetts $1,351 $2,358 $1,351
Michigan $3,261 $4,970 $7,839
Minnesota $1,342 $1,790 $2,520
Mississippi $1,621 $2,312 $2,327
Missouri $1,527 $2,183 $2,868
Montana $1,553 $2,166 $2,521
Nebraska $1,312 $1,941 $2,109
Nevada $2,165 $3,211 $3,392
New Hampshire $1,506 $2,381 $3,010
New Jersey $1,659 $2,603 $3,406
New Mexico $1,694 $2,520 $2,616
New York $1,569 $1,976 $3,299
North Carolina $973 $1,672 $1,192
North Dakota $1,331 $2,023 $2,393
Ohio $1,187 $1,831 $1,877
Oklahoma $1,895 $2,714 $3,056
Oregon $1,725 $2,314 $2,764
Pennsylvania $1,453 $2,133 $2,496
Rhode Island $2,426 $3,558 $4,007
South Carolina $1,647 $2,283 $3,151
South Dakota $1,478 $2,130 $2,457
Tennessee $1,738 $2,559 $3,408
Texas $1,751 $2,529 $3,145
Utah $1,489 $2,086 $2,871
Vermont $1,146 $1,765 $1,866
Virginia $1,080 $1,658 $1,625
Washington $1,430 $1,940 $2,317
West Virginia $1,438 $2,060 $2,580
Wisconsin $1,434 $2,238 $2,553
Wyoming $1,339 $1,874 $1,995