Volvo Insurance Rates

The average cost of car insurance for a Volvo model is about $1,704 per year.

This is $190 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 $1,639 $2,407 $2,816
Volvo S90 Insurance Cost $1,887 $2,771 $3,241
Volvo V60 Insurance Cost $1,737 $2,550 $2,983
Volvo V60 Cross Country Insurance Cost $1,741 $2,556 $2,990
Volvo XC40 Insurance Cost $1,651 $2,424 $2,836
Volvo XC60 Insurance Cost $1,563 $2,296 $2,685
Volvo XC90 Insurance Cost $1,711 $2,512 $2,939

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 $5,772 $8,475 $9,915
18 $5,379 $7,898 $9,240
19 $4,754 $6,980 $8,166
20 $4,145 $6,086 $7,120
21 $3,476 $5,104 $5,971
22 $3,385 $4,971 $5,815
23 $2,962 $4,349 $5,088
24 $2,814 $4,132 $4,834
25 $2,429 $3,566 $4,171
30 $1,892 $2,778 $3,249
35 $1,772 $2,602 $3,044
40 $1,704 $2,502 $2,927
45 $1,658 $2,435 $2,848
55 $1,521 $2,233 $2,612
65 $1,586 $2,329 $2,725
75 $2,002 $2,940 $3,439

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 $1,805 $2,622 $3,338
Alaska $1,493 $2,070 $2,012
Arizona $1,688 $2,441 $3,596
Arkansas $1,851 $2,908 $3,202
California $2,061 $3,645 $2,061
Colorado $1,923 $2,691 $3,415
Connecticut $2,457 $3,811 $4,837
Delaware $2,034 $2,711 $3,482
Florida $2,422 $3,351 $4,366
Georgia $1,974 $2,953 $2,977
Hawaii $789 $1,071 $789
Idaho $1,370 $1,817 $2,209
Illinois $1,434 $2,168 $2,472
Indiana $1,474 $2,253 $2,528
Iowa $1,167 $1,601 $1,882
Kansas $1,553 $2,259 $2,642
Kentucky $2,245 $3,295 $3,891
Louisiana $2,882 $4,356 $4,723
Maine $1,090 $1,506 $2,224
Maryland $1,763 $2,567 $2,851
Massachusetts $1,414 $2,467 $1,414
Michigan $3,413 $5,200 $8,202
Minnesota $1,405 $1,873 $2,638
Mississippi $1,696 $2,419 $2,435
Missouri $1,598 $2,284 $3,001
Montana $1,625 $2,267 $2,639
Nebraska $1,373 $2,031 $2,206
Nevada $2,265 $3,360 $3,549
New Hampshire $1,576 $2,491 $3,150
New Jersey $1,736 $2,724 $3,564
New Mexico $1,773 $2,637 $2,737
New York $1,642 $2,068 $3,452
North Carolina $1,018 $1,749 $1,247
North Dakota $1,393 $2,117 $2,504
Ohio $1,242 $1,916 $1,964
Oklahoma $1,983 $2,840 $3,198
Oregon $1,805 $2,422 $2,892
Pennsylvania $1,520 $2,232 $2,612
Rhode Island $2,538 $3,723 $4,193
South Carolina $1,724 $2,389 $3,297
South Dakota $1,547 $2,228 $2,571
Tennessee $1,819 $2,677 $3,566
Texas $1,832 $2,646 $3,291
Utah $1,558 $2,183 $3,004
Vermont $1,199 $1,847 $1,952
Virginia $1,130 $1,735 $1,700
Washington $1,496 $2,030 $2,424
West Virginia $1,505 $2,155 $2,700
Wisconsin $1,500 $2,342 $2,671
Wyoming $1,401 $1,961 $2,088