When buying a new vehicle, factor in the cost of car insurance as part of your overall budget.
The average cost of Volvo car insurance is $3,326 a year or $277 per month, based on a detailed analysis by CarInsurance.com. Your exact rates may vary based on factors such as your insurance company, vehicle model, age and driving history.
- The annual average nationwide cost of full coverage car insurance for Volvo is $3,326 per year.
- The XC40 is the cheapest Volvo model to insure.
- Advanced safety features that come standard on Volvo models help lower your insurance costs.
Average cost of car insurance for a Volvo, by company
Car insurance premiums can vary widely based on the make of your vehicle. Insurance companies have their own methods for calculating the risk and the probability of claim filing. They consider various factors, including your driving history, location, age and the type of vehicle you own, to determine your auto insurance rates.
Below, you’ll find Volvo car insurance rates from various insurance companies.
Cost to insure a Volvo, by company
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Travelers | $1,858 | $929 | $155 |
| State Farm | $2,866 | $1,433 | $239 |
| GEICO | $2,965 | $1,482 | $247 |
| Progressive | $3,049 | $1,524 | $254 |
| Nationwide | $3,088 | $1,544 | $257 |
| Farmers | $4,038 | $2,019 | $337 |
| Allstate | $4,522 | $2,261 | $377 |
| USAA | $2,580 | $1,290 | $215 |
Volvo average insurance rates, by model
Volvo XC40 car insurance cost
The average car insurance premium for Volvo XC40 is $215 per month, which translates to $2,577 per year. The most affordable company for a Volvo XC40 is Travelers with a rate of $126 monthly or $1,513 per year.
Volvo XC60 car insurance cost
The average car insurance premium for Volvo XC60 is $239 per month, which translates to $2,867 per year. The most affordable company for a Volvo XC60 is Travelers with a rate of $136 monthly or $1,635 per year.
Volvo XC90 car insurance cost
The average car insurance premium is $258 per month, which adds up to $3,101 each year for a Volvo XC90. Travelers is the cheapest car insurance company, with a monthly rate of $156 , which translates to an annual cost of $1,873 .
Volvo EX30 car insurance cost
Car insurance costs an average of $260 per month, which adds up to $3,120 a year for a Volvo EX30. Among the companies analyzed, Travelers stands out as the most affordable option, at an average annual cost of $1,802 or $150 per month.
Volvo V90 car insurance cost
Car insurance cost for a Volvo V90 is $3,578 a year or $298 monthly. If you own a Volvo V90, Travelers has the cheapest car insurance rates with an average annual premium of $2,470 or $206 per month.
Volvo S60 car insurance cost
The average car insurance premium for Volvo S60 is $298 per month, which translates to $3,581 per year. The most affordable company for a Volvo S60 is Travelers with a rate of $154 monthly or $1,848 per year.
Insurance rates by car model
The average cost of car insurance for a Volvo, by age
Volvo car insurance costs will vary depending on your age. When it comes to car insurance, young drivers typically pay much higher rates for coverage than drivers with more experience under their belts.
In 2020, the Insurance Information Institute reported that young drivers represented only 5.1% of licensed drivers but were involved in 8.5% of fatal crashes. This data clearly shows that young drivers are more frequently involved in accidents, resulting in increased claims. Their tendency to engage in riskier driving behaviors compared to older drivers further contributes to the higher insurance rates.
Car insurance costs generally decrease as drivers gain more experience and avoid getting tickets and filing claims. However, when drivers turn 60, insurance rates tend to rise again. The tables below show Volvo insurance costs based on the driver’s age.
Cost to insure a Volvo, by model, for 18-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 18 | Volvo EX30 | $10,074 | $5,037 | $840 |
| 18 | Volvo EX90 | $13,678 | $6,839 | $1,140 |
| 18 | Volvo S60 | $11,644 | $5,822 | $970 |
| 18 | Volvo S90 | $13,379 | $6,689 | $1,115 |
| 18 | Volvo V60 | $12,703 | $6,352 | $1,059 |
| 18 | Volvo V90 | $11,400 | $5,700 | $950 |
| 18 | Volvo XC40 | $8,348 | $4,174 | $696 |
| 18 | Volvo XC60 | $9,261 | $4,631 | $772 |
| 18 | Volvo XC90 | $9,978 | $4,989 | $831 |
Cost to insure a Volvo, by model, for 40-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 40 | Volvo EX30 | $3,120 | $1,560 | $260 |
| 40 | Volvo EX90 | $4,289 | $2,145 | $357 |
| 40 | Volvo S60 | $3,581 | $1,790 | $298 |
| 40 | Volvo S90 | $4,184 | $2,092 | $349 |
| 40 | Volvo V60 | $3,960 | $1,980 | $330 |
| 40 | Volvo V90 | $3,578 | $1,789 | $298 |
| 40 | Volvo XC40 | $2,577 | $1,289 | $215 |
| 40 | Volvo XC60 | $2,867 | $1,434 | $239 |
| 40 | Volvo XC90 | $3,101 | $1,550 | $258 |
Speak with a friendly agent and get your quote in minutes!
Volvo car insurance rates by state
Your location significantly impacts your Volvo car insurance premiums. Insurance rates vary widely from state to state due to factors like traffic density, accident statistics, theft/vandalism, weather events and state laws. Below, you’ll find Volvo car insurance rates by state.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $3,039 | $1,519 | $253 |
| Alabama | $2,998 | $1,499 | $250 |
| Arkansas | $3,817 | $1,909 | $318 |
| Arizona | $3,339 | $1,670 | $278 |
| California | $4,218 | $2,109 | $352 |
| Colorado | $4,274 | $2,137 | $356 |
| Connecticut | $3,701 | $1,850 | $308 |
| Washington, D.C. | $4,366 | $2,183 | $364 |
| Delaware | $3,640 | $1,820 | $303 |
| Florida | $3,589 | $1,795 | $299 |
| Georgia | $3,298 | $1,649 | $275 |
| Hawaii | $1,899 | $949 | $158 |
| Iowa | $2,961 | $1,481 | $247 |
| Idaho | $2,110 | $1,055 | $176 |
| Illinois | $2,649 | $1,325 | $221 |
| Indiana | $2,258 | $1,129 | $188 |
| Kansas | $3,381 | $1,691 | $282 |
| Kentucky | $4,023 | $2,012 | $335 |
| Louisiana | $5,515 | $2,758 | $460 |
| Massachusetts | $2,709 | $1,355 | $226 |
| Maryland | $3,552 | $1,776 | $296 |
| Maine | $2,092 | $1,046 | $174 |
| Michigan | $4,403 | $2,202 | $367 |
| Minnesota | $3,162 | $1,581 | $264 |
| Missouri | $3,723 | $1,862 | $310 |
| Mississippi | $3,877 | $1,938 | $323 |
| Montana | $3,205 | $1,603 | $267 |
| North Carolina | $2,956 | $1,478 | $246 |
| North Dakota | $2,821 | $1,410 | $235 |
| Nebraska | $3,516 | $1,758 | $293 |
| New Hampshire | $2,268 | $1,134 | $189 |
| New Jersey | $3,615 | $1,808 | $301 |
| New Mexico | $3,531 | $1,765 | $294 |
| Nevada | $4,122 | $2,061 | $344 |
| New York | $3,550 | $1,775 | $296 |
| Ohio | $2,127 | $1,063 | $177 |
| Oklahoma | $3,667 | $1,833 | $306 |
| Oregon | $2,771 | $1,386 | $231 |
| Pennsylvania | $3,235 | $1,618 | $270 |
| Rhode Island | $3,709 | $1,854 | $309 |
| South Carolina | $3,642 | $1,821 | $303 |
| South Dakota | $3,769 | $1,885 | $314 |
| Tennessee | $2,881 | $1,440 | $240 |
| Texas | $3,783 | $1,891 | $315 |
| Utah | $2,619 | $1,310 | $218 |
| Virginia | $2,754 | $1,377 | $230 |
| Vermont | $2,249 | $1,124 | $187 |
| Washington | $2,548 | $1,274 | $212 |
| Wisconsin | $3,099 | $1,549 | $258 |
| West Virginia | $3,286 | $1,643 | $274 |
| Wyoming | $2,644 | $1,322 | $220 |
Average car insurance cost for different vehicle makes
Our apologies, we cannot display the data due to availability or spelling errors. Please check the spelling and try again. For assistance, reach out us via Which body styles are cheaper or more expensive to insure?
If you’re looking for affordable Volvo car insurance, it’s wise to choose vehicles designed with families in mind, such as small SUVs. These cars typically come equipped with advanced safety features, have smaller engines and are often driven by parents with children onboard. As a result, drivers tend to be more cautious, leading to fewer accidents.
Airbags, backup cameras, automatic emergency braking and lane departure warning are all safety features that will help keep your insurance premium low. As in years past, minivans and compact to midsize SUVs topped our list of cheapest cars to insure this year.
Pickups and commercial vans often come with lower insurance rates than sedans and other types of vehicles. This is partly because they are cheaper to repair and don’t have any expensive electric and safety components, leading to cheaper insurance rates.
Cheapest Volvo models to insure
Smaller, budget-friendly Volvo models with low-power engines are more affordable to insure than upscale or sporty versions. Entry-level base models have lower car insurance rates, but premiums increase as you move up to higher-level trims.
Choosing family-friendly models with robust safety features can help lower your insurance costs. Advanced safety technologies like automatic emergency braking, a backup camera and blind spot detection often lead to premium discounts.
“If you are a younger driver, you will probably pay more for auto insurance, so you may need to consider practicality versus style,” says Lauren Mckenzie, independent broker/agent with A Plus Insurance. “If you are younger and you choose a fast, luxurious sports car, your monthly insurance payments could end up being more than your monthly auto loan payments.”
Most expensive Volvo models to insure
Luxury vehicles and sports cars typically rank among the most expensive vehicles to insure. Luxury cars and sports models often come with higher premiums due to their increased theft risk and higher repair or replacement costs. Meanwhile, larger SUVs can also result in higher insurance rates because of their potential to cause more damage in an accident.
If you’re planning to reduce your insurance expenses, try to avoid these types of vehicles:
- EVs: Electric vehicles (EVs) come with large, costly batteries, which can make them more expensive to insure. Battery packs can cost up to $20,000 to replace, so insurers factor this risk into your premium.
- Luxury and sports cars: Insurers view luxury and sports cars as higher risk due to their hefty price tags. With big engines and exclusive features, these vehicles are costly to repair or replace, which leads to higher insurance premiums.
- Favorites of thieves: Insurance companies diligently analyze theft data to assess risk. Owning a vehicle that ranks high on thieves’ lists can lead to increased insurance premiums. Each year, the National Insurance Crime Bureau (NICB) releases a list of the most targeted cars by thieves. By selecting a vehicle that isn’t frequently stolen, you can potentially reduce your insurance expenses.
How to save on car insurance for a Volvo
“Shop around for quotes from multiple insurers. Also, investigate group auto insurance that may be available from your employer,” says Brian Martucci, finance editor for Minneapolis-based Money Crashers.
Additionally, drop insurance coverage you don’t need, especially if you want to purchase an older vehicle model.
“You can shift money from one type of coverage to additional coverage on the uninsured motorist property damage coverage, for example. This way, so long as you are not the one at fault in an accident, your vehicle will be covered and you will save a lot of money on car insurance,” McKenzie says.
Before committing to a vehicle, estimate your car insurance costs and shop for the best value. Compare quotes from different insurance companies carefully.
“If your car insurance payments are still on the higher end, consider choosing a higher deductible, such as $1,000 instead of a $500 deductible – which will lower your premium,” McKenzie says. “Also, consider leaving off additional coverages like rental reimbursement or roadside assistance, which may save you money, too.”
Volvo discounts on car insurance
To reduce the cost of your Volvo insurance, ensure that you take advantage of all available discounts. Insurance companies offer a range of discounts that can significantly lower your premiums.
Discounts can be related to the vehicle you drive or your personal factors. Insurance companies often offer reduced premiums for vehicles equipped with advanced safety features such as automated emergency braking, lane departure warnings and driver alertness monitors.
You may be able to save money by installing an anti-theft device or driving a brand-new car, as some insurers offer discounts for new vehicles. Personal factors, such as being a good driver or a good student (if you have a teen on your policy), can also lead to significant discounts.
“You may also qualify for a low-mileage discount by driving less and by bundling multiple policies, like home and auto, with the same carrier,” Martucci says.
Learn about common car insurance discounts for an overview of the most common savings for Honda auto insurance.
How does a car’s make affect car insurance rates?
Volvo car insurance rates depend on the model you select. They offer a diverse range of vehicles and insurance costs vary with each type.
Smaller SUVs and minivans are the cheapest vehicle types to insure while luxury models and sporty sedans are more expensive. Pickup trucks tend to fall on the more affordable side of the insurance spectrum – until you get into the luxury trim levels.
Insurers collect reams of statistical data, and the numbers show that vehicles that are popular with families (think SUVs and minivans) are in fewer accidents and file fewer claims than drivers of sedans and sports cars which is one reason they are cheaper to insure. Luxury vehicles and sports cars are also bursting with expensive trim materials and technology that pushes up the cost of repairs and insurance.
Make sure you compare car insurance quotes apples to apples for different types of vehicles. A luxury sedan typically costs more to insure than a minivan or mid-size SUV. To make an informed decision, make sure you compare quotes for the same vehicle types and coverage limits.
This advice also applies when comparing vehicles from different manufacturers. A luxury German sedan, like a BMW or Mercedes, will generally cost more to insure than a minivan or compact vehicle from another brand. Therefore, always compare similar vehicle types and trim levels when shopping for a new vehicle or insurance policy.
Check out car insurance rates by model: Compare rates for over 3,000 models
About the company: Volvo
Volvo is known for its commitment to safety, quality and environmental care in the production of its vehicles. Founded in 1927 in Sweden, Volvo has consistently innovated within the automotive industry, pioneering safety features that have now become standard across the sector. Volvo’s vehicles feature robust builds, high-end technology and luxurious interiors.
Final thoughts on Volvo insurance costs
Volvo makes a variety of different models and the cost to insure them will vary based on a number of factors. Choosing entry-level vehicles with a low starting price, smaller engine under the hood and plenty of safety features will help keep your premium affordable while more luxury and sporty models will push up the cost of coverage.
You can reduce your insurance costs by regularly comparing coverage options, inquiring about available discounts and choosing the highest deductible.
Frequently asked questions
Does my driving record impact how much I pay to insure my Volvo?
Your driving history is one of the many factors affecting your Volvo car insurance premiums. Maintaining a clean record typically results in lower premiums, but if you’ve had accidents, speeding infractions, or DUI convictions, you may face significantly higher rates.
Does the color of my Volvo affect the insurance premium?
The color of your Volvo does not impact your insurance premium. Insurers calculate rates based on factors such as the vehicle’s model, age, safety features and driving record.
How does the age of my Volvo affect insurance costs?
Your Volvo’s age can affect your insurance costs. Older models often benefit from lower premiums because they depreciate in value, but they lack the latest safety features and it may lead to a slight increase in rates. On the other hand, newer models tend to have higher premiums, as they are more expensive to repair or replace.
Resources & Methodology
Sources
- Insurance Information Institute. “Facts + Statistics: Teen Drivers.” Accessed March 2026.
- National Insurance Crime Bureau (NICB). “2023 Vehicle Theft Trends Report.” Accessed March 2026.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates. The rates are based on the sample profiles of 18 and 40-year-old male drivers carrying full coverage policies with limits of 100/300/100 and 0 collision and comprehensive deductibles. Read the detailed methodology for more information.
Still have a question? Ask our experts
Get advice from an experienced insurance professional. Our experts will help you navigate your insurance questions with clarity and confidence.
Browse all FAQs
We're not here to sell you a policy. Instead, we empower you to choose wisely by offering real-world insights and support. Everything we create is built on trust, transparency and a commitment to clarity so that you can move forward with confidence every step of the way. We help you make smarter decisions — quickly, clearly and on your terms. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.