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 $2,909 a year or $242 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 $2,909 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 vary greatly depending on the vehicle’s make. For example, insurance rates differ from one insurer to another because companies use different parameters to assess risk and estimate the likelihood of a claim. Insurers consider factors such as your driving history, location, age and the type of vehicle you drive to calculate insurance rates.
The table below shows Volvo car insurance rates by insurance company.
Cost to insure a Volvo, by company
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Geico | $2,439 | $1,220 | $203 |
| State Farm | $2,480 | $1,240 | $207 |
| Progressive | $2,748 | $1,374 | $229 |
| Nationwide | $2,812 | $1,406 | $234 |
| Farmers | $3,285 | $1,642 | $274 |
| Allstate | $3,763 | $1,881 | $314 |
Volvo average insurance rates, by model
Volvo XC40 car insurance cost
Car insurance cost for a Volvo XC40 is $194 per month or $2,324 a year, based on CarInsurance.com’s rate analysis. Geico offers the most affordable car insurance rates for a Volvo XC40 at an average monthly cost of $158 or $1,898 yearly.
Volvo XC60 car insurance cost
The average monthly car insurance premium for a Volvo XC60 is $217 or $2,609 annually. Progressive is the most affordable company for a Volvo XC60 owner, offering insurance at a monthly rate of just $189 or $2,269 per year.
Volvo XC40 Recharge car insurance cost
The average car insurance premium is $238 per month, which adds up to $2,853 each year for a Volvo XC40 Recharge. State Farm is the cheapest car insurance company, with a monthly rate of $190, which translates to an annual cost of $2,275.
Volvo XC90 car insurance cost
The average car insurance premium for Volvo XC90 is $239 per month, which translates to $2,872 per year. The most affordable company for a Volvo XC90 is Geico with a rate of $207 monthly or $2,488 per year.
Volvo V90 car insurance cost
The average car insurance premium for Volvo V90 is $251 per month, which translates to $3,006 per year. The most affordable company for a Volvo V90 is Progressive with a rate of $169 monthly or $2,031 per year.
Volvo V60 car insurance cost
The average car insurance premium for Volvo V60 is $254 per month, which translates to $3,049 per year. The most affordable company for a Volvo V60 is Geico with a rate of $201 monthly or $2,406 per year.
Insurance rates by car model
The average cost of car insurance for a Volvo, by driver age
Your age is an important rating factor in determining your Volvo car insurance premiums. Young drivers often pay the highest car insurance rates because of their inexperience behind the wheel. On the other hand, adult drivers pay affordable premiums for the same coverage.
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 C40 Recharge | $11,771 | $5,885 | $981 |
| 18 | Volvo S60 | $11,577 | $5,788 | $965 |
| 18 | Volvo S90 | $13,185 | $6,592 | $1,099 |
| 18 | Volvo V60 | $11,322 | $5,661 | $943 |
| 18 | Volvo V90 | $10,857 | $5,429 | $905 |
| 18 | Volvo XC40 | $8,766 | $4,383 | $730 |
| 18 | Volvo XC40 Recharge | $10,906 | $5,453 | $909 |
| 18 | Volvo XC60 | $9,686 | $4,843 | $807 |
| 18 | Volvo XC90 | $10,617 | $5,309 | $885 |
Cost to insure a Volvo, by model, for 40-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 40 | Volvo C40 Recharge | $3,139 | $1,569 | $262 |
| 40 | Volvo S60 | $3,074 | $1,537 | $256 |
| 40 | Volvo S90 | $3,580 | $1,790 | $298 |
| 40 | Volvo V60 | $3,049 | $1,524 | $254 |
| 40 | Volvo V90 | $3,006 | $1,503 | $251 |
| 40 | Volvo XC40 | $2,324 | $1,162 | $194 |
| 40 | Volvo XC40 Recharge | $2,853 | $1,426 | $238 |
| 40 | Volvo XC60 | $2,609 | $1,305 | $217 |
| 40 | Volvo XC90 | $2,872 | $1,436 | $239 |
Volvo car insurance rates by state
When it comes to car insurance, your location plays a significant role in determining your insurance premiums. Volvo car insurance rates vary significantly from one state to another due to factors such as traffic conditions, accident rates, theft/vandalism, weather events and state-specific insurance laws. Find below Volvo car insurance rates by state.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $2,524 | $1,262 | $210 |
| Alabama | $2,609 | $1,304 | $217 |
| Arkansas | $3,043 | $1,521 | $254 |
| Arizona | $2,660 | $1,330 | $222 |
| California | $4,051 | $2,026 | $338 |
| Colorado | $3,757 | $1,878 | $313 |
| Connecticut | $3,151 | $1,575 | $263 |
| Washington, D.C. | $3,431 | $1,716 | $286 |
| Delaware | $2,865 | $1,433 | $239 |
| Florida | $3,214 | $1,607 | $268 |
| Georgia | $3,918 | $1,959 | $327 |
| Hawaii | $1,712 | $856 | $143 |
| Iowa | $2,593 | $1,296 | $216 |
| Idaho | $1,851 | $925 | $154 |
| Illinois | $2,810 | $1,405 | $234 |
| Indiana | $2,562 | $1,281 | $214 |
| Kansas | $3,187 | $1,594 | $266 |
| Kentucky | $3,598 | $1,799 | $300 |
| Louisiana | $4,514 | $2,257 | $376 |
| Massachusetts | $2,703 | $1,352 | $225 |
| Maryland | $2,771 | $1,385 | $231 |
| Maine | $2,036 | $1,018 | $170 |
| Michigan | $3,633 | $1,816 | $303 |
| Minnesota | $3,117 | $1,558 | $260 |
| Missouri | $3,927 | $1,963 | $327 |
| Mississippi | $2,887 | $1,443 | $241 |
| Montana | $2,966 | $1,483 | $247 |
| North Carolina | $2,665 | $1,332 | $222 |
| North Dakota | $2,640 | $1,320 | $220 |
| Nebraska | $3,137 | $1,568 | $261 |
| New Hampshire | $2,239 | $1,119 | $187 |
| New Jersey | $2,580 | $1,290 | $215 |
| New Mexico | $2,940 | $1,470 | $245 |
| Nevada | $2,631 | $1,316 | $219 |
| New York | $2,338 | $1,169 | $195 |
| Ohio | $1,922 | $961 | $160 |
| Oklahoma | $2,957 | $1,479 | $246 |
| Oregon | $2,574 | $1,287 | $215 |
| Pennsylvania | $3,121 | $1,561 | $260 |
| Rhode Island | $3,639 | $1,820 | $303 |
| South Carolina | $2,667 | $1,334 | $222 |
| South Dakota | $3,631 | $1,815 | $303 |
| Tennessee | $3,214 | $1,607 | $268 |
| Texas | $4,101 | $2,050 | $342 |
| Utah | $2,296 | $1,148 | $191 |
| Virginia | $1,987 | $993 | $166 |
| Vermont | $2,179 | $1,090 | $182 |
| Washington | $2,476 | $1,238 | $206 |
| Wisconsin | $2,264 | $1,132 | $189 |
| West Virginia | $2,861 | $1,430 | $238 |
| Wyoming | $3,321 | $1,660 | $277 |
Average car insurance cost for different vehicle makes
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To find affordable Volvo car insurance rates, you should opt for a family-friendly vehicle like a small SUV. These models usually include advanced safety features, have smaller engines and are driven by people with children in the car. This makes them more cautious drivers, 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 also tend to be cheaper to insure than sedans and other vehicle types. They are usually cheaper to repair because the back end of the vehicle is just an empty bed, it doesn’t have seating or other expensive electrical and safety components. Cheaper repairs result in cheaper insurance.
Cheapest Volvo models to insure
Smaller, less expensive Volvo models that have a low-power engine under the hood are always going to be cheaper to insure than more upscale or sporty models. Entry-level Volvo base models can be very affordable to insure, but your premium will be headed up as you go up the scale when it comes 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, sports cars, and SUVs generally rank as the most expensive types of vehicles for car insurance. Luxury vehicles and sports cars often attract higher insurance rates because they are more likely to be stolen and cost more to repair or replace. On the other hand, SUVs, especially larger ones, can lead to higher premiums due to their potential to cause more damage in an accident.
If you’re looking to cut down on your insurance costs, it’s best to avoid these types of vehicles:
- EVs: The high cost of the large batteries in electric vehicles (EVs) can lead to higher insurance premiums. Since battery packs can be as expensive as $20,000 to replace, insurers include this risk when calculating your rate.
- Luxury and sports cars: Luxury and sports cars represent a higher risk due to their hefty purchase prices. These vehicles are built for speed and are equipped with advanced tech features, making repairs or replacements costly. As a result, insurance for these cars tends to be more expensive.
- Favorites of thieves: Insurance companies closely monitor vehicle theft statistics. If your car is popular among thieves, your insurance premiums will be higher. The National Insurance Crime Bureau (NICB) annually publishes a list of the most stolen vehicles. Choosing a car not on this list can help you maintain lower insurance costs.
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
One way to save money on your Volvo insurance is to make sure that all available discounts are being applied to your policy. Insurers offer a variety of discounts that can dramatically lower your premium.
You might be eligible for discounts related to your vehicle or personal factors. Insurance companies typically reduce rates for vehicles equipped with advanced safety features such as automated emergency braking, lane departure warning systems 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?
Curious about Volvo insurance premiums? The insurance rates vary based on the specific model you choose. Since Volvo manufactures various vehicles, the insurance premiums differ accordingly.
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.
Insurance companies analyze extensive statistical data, which shows that vehicles popular among families-like SUVs and minivans-are involved in fewer accidents and file fewer claims compared to sedans and sports cars. This is one reason they come with lower insurance costs. On the other hand, luxury vehicles and sports cars are packed with high-end materials and advanced technology, increasing repair expenses and, consequently, insurance premiums.
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.
Shopping your coverage on a regular basis, asking for discounts and choosing the highest deductible you can easily afford are all great ways to save money on your coverage regardless of which Volvo model you drive off the lot.
Frequently asked questions
Does my driving record impact how much I pay to insure my Volvo?
Yes, your driving record has a significant impact on your Volvo’s insurance premium. A clean driving history typically leads to lower rates, while accidents, speeding tickets, or DUI offenses can substantially increase your premium.
Does the color of my Volvo affect the insurance premium?
No, the color of your Volvo does not affect your insurance premium. Insurance companies base their rates on factors like the model, age, safety features, and driving history, but not the color of your vehicle.
How does the age of my Volvo affect insurance costs?
The age of your Volvo can influence your insurance costs. Older Volvo models tend to have lower premiums due to depreciation, but they may lack the latest safety features, which can slightly increase the rates. Conversely, newer models often have higher premiums because they are more expensive to repair or replace.
Resources & Methodology
Sources
- Insurance Information Institute. “Facts + Statistics: Teen Drivers.” Accessed July 2025.
- National Insurance Crime Bureau (NICB). “2023 Vehicle Theft Trends Report.” Accessed July 2025.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates for different makes and models. The rates are based on sample profiles of 18 and 40-year-old male drivers carrying full coverage policy with limits of 100/300/100 and a $500 collision and comprehensive deductible.
To evaluate the premiums, we have compared 67,566,780 insurance quotes from 57 insurance companies across the nation.
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