Volvo Insurance Rates

The average cost of car insurance for a Volvo model is about $1,802 per year.

This is $265 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 $1,724 $2,567 $3,035
Volvo S90 Insurance Cost $1,984 $2,954 $3,492
Volvo V60 Insurance Cost $1,826 $2,720 $3,215
Volvo V60 Cross Country Insurance Cost $1,831 $2,727 $3,224
Volvo XC40 Insurance Cost $1,737 $2,587 $3,058
Volvo XC60 Insurance Cost $1,517 $2,260 $2,672
Volvo XC90 Insurance Cost $1,996 $2,974 $3,515

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 $6,104 $9,092 $10,748
18 $5,689 $8,473 $10,016
19 $5,027 $7,488 $8,852
20 $4,384 $6,529 $7,718
21 $3,676 $5,476 $6,473
22 $3,580 $5,333 $6,304
23 $3,133 $4,666 $5,516
24 $2,976 $4,433 $5,240
25 $2,568 $3,825 $4,522
30 $2,001 $2,980 $3,522
35 $1,874 $2,791 $3,299
40 $1,802 $2,684 $3,173
45 $1,754 $2,612 $3,088
55 $1,608 $2,396 $2,832
65 $1,678 $2,499 $2,954
75 $2,117 $3,154 $3,728

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 $1,909 $2,675 $3,347
Alaska $1,579 $2,300 $2,410
Arizona $1,785 $2,770 $3,949
Arkansas $1,958 $2,965 $3,317
California $2,180 $3,812 $2,180
Colorado $2,034 $2,816 $3,512
Connecticut $2,598 $4,018 $5,146
Delaware $2,151 $2,962 $3,932
Florida $2,562 $3,479 $4,536
Georgia $2,088 $3,219 $3,302
Hawaii $834 $1,151 $834
Idaho $1,449 $1,951 $2,428
Illinois $1,517 $2,242 $2,600
Indiana $1,558 $2,436 $2,842
Iowa $1,235 $1,851 $2,158
Kansas $1,642 $2,418 $2,864
Kentucky $2,374 $3,571 $4,200
Louisiana $3,048 $4,658 $5,015
Maine $1,152 $1,546 $2,256
Maryland $1,865 $2,734 $3,229
Massachusetts $1,495 $2,529 $1,495
Michigan $3,609 $5,426 $8,343
Minnesota $1,486 $1,996 $2,954
Mississippi $1,793 $2,709 $2,862
Missouri $1,690 $2,327 $3,010
Montana $1,718 $2,688 $2,965
Nebraska $1,452 $2,056 $2,339
Nevada $2,395 $3,616 $3,967
New Hampshire $1,666 $2,686 $3,420
New Jersey $1,836 $2,894 $3,734
New Mexico $1,875 $2,698 $3,030
New York $1,737 $2,262 $3,651
North Carolina $1,077 $1,738 $1,339
North Dakota $1,473 $2,268 $2,879
Ohio $1,314 $2,148 $2,226
Oklahoma $2,098 $3,150 $3,572
Oregon $1,909 $2,883 $3,307
Pennsylvania $1,608 $2,431 $2,790
Rhode Island $2,684 $4,119 $4,711
South Carolina $1,823 $2,638 $3,764
South Dakota $1,635 $2,250 $2,700
Tennessee $1,924 $2,877 $3,630
Texas $1,937 $2,851 $3,579
Utah $1,648 $2,383 $3,286
Vermont $1,268 $2,028 $2,217
Virginia $1,195 $1,799 $1,912
Washington $1,582 $2,377 $2,802
West Virginia $1,592 $2,318 $2,862
Wisconsin $1,587 $2,317 $2,813
Wyoming $1,481 $2,177 $2,434