If you’re wondering how much it will cost to insure your Volvo XC60 in 2025, you’re in the right place. Insurance rates for the Volvo XC60 vary based on your location, driving record and model year.
The average annual cost to insure a 2023 Volvo XC60 is $2,445. However, this rate can vary depending on the model year. For example, a 2021 XC60 might cost around $2,143 annually, while a 2018 model could be more affordable at $1,910 per year.
In this guide, we’ll break down these costs and provide tips on getting the best insurance rates for your Volvo XC60.
What is the cost to insure your Volvo XC60 in 2025?
On average, insuring a Volvo XC60 costs $217 per month – or $2,609 annually – for a full coverage policy. However, your actual cost may differ depending on factors such as your age, where you live, your driving history and the insurance company you choose.
Younger drivers or those with a history of accidents may pay higher insurance rates, while older drivers with a clean driving record may pay less for the same coverage. Insurance rates can also change based on the state or even the ZIP code where you park your car.
Use the tool below to find out how much insurance might cost for your car in your area.
Insurance rates by car model
Check out our detailed guide on car insurance rates by car model
Which companies offer the cheapest rates for Volvo XC60
Progressive offers the lowest car insurance rates for your Volvo XC60, with an average cost of $2,269 per year or $189 each month, based on CarInsurance.com’s study.
Below is a list of insurance companies that offer affordable rates for your Volvo XC60.
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Progressive | $2,269 | $1,135 | $189 |
| Geico | $2,286 | $1,143 | $190 |
| Nationwide | $2,349 | $1,175 | $196 |
| State Farm | $2,387 | $1,194 | $199 |
| Farmers | $2,680 | $1,340 | $223 |
| Allstate | $3,652 | $1,826 | $304 |
Explore our expert guide to the cheapest cars to insure in 2025
Compare Volvo XC60 car insurance rates by model year
Newer cars have higher insurance premiums due to higher market value and pricier repair expenses. For example, the insurance cost for a 2023 Volvo XC60 will typically be more expensive than that of a 2019 model. However, older vehicles may lack advanced safety technologies, affecting insurance rates.
Below is a comparison of average annual insurance costs for different model years of the Volvo XC60. This data can give you a clear idea of how insurance premiums change with the vehicle’s age.
| Model year | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| 2014 | $1,624 | $812 | $135 |
| 2015 | $1,699 | $850 | $142 |
| 2016 | $1,758 | $879 | $146 |
| 2017 | $1,810 | $905 | $151 |
| 2018 | $1,910 | $955 | $159 |
| 2019 | $1,975 | $987 | $165 |
| 2020 | $2,089 | $1,044 | $174 |
| 2021 | $2,143 | $1,071 | $179 |
| 2022 | $2,312 | $1,156 | $193 |
| 2023 | $2,445 | $1,223 | $204 |
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Volvo XC60 car insurance rates for different trims
A Volvo XC60’s trim level can significantly affect insurance costs. Trims vary in features, safety equipment and overall cost, contributing to different insurance premiums.
For example, higher trims like the XC60 T8 Polestar Engineered, which come with premium features and advanced technology, tend to have higher insurance rates than the base model due to the higher replacement and repair costs.
The table below shows the average yearly insurance costs for different trims of the Volvo XC60.
| Vehicle trim | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| XC60 B5 Core | $2,487 | $1,243 | $207 |
| XC60 B5 Plus | $2,504 | $1,252 | $209 |
| XC60 B5 Ultimate | $2,538 | $1,269 | $211 |
| XC60 B5 Ultimate Black Edition | $2,541 | $1,271 | $212 |
| XC60 Recharge T8 Core | $2,663 | $1,331 | $222 |
| XC60 Recharge T8 Plus | $2,663 | $1,332 | $222 |
| XC60 Recharge T8 Ultimate | $2,672 | $1,336 | $223 |
| XC60 T8 Polestar Engineered | $2,807 | $1,404 | $234 |
Volvo XC60 insurance rates: State-by-state breakdown
The cost to insure a Volvo XC60 can vary widely from state to state due to differences in state laws, average repair costs and car theft or accident rates.
Find the Volvo XC60 car insurance rates for different states in the table below.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $2,351 | $1,175 | $196 |
| Alabama | $2,236 | $1,118 | $186 |
| Arkansas | $2,702 | $1,351 | $225 |
| Arizona | $2,332 | $1,166 | $194 |
| California | $3,563 | $1,781 | $297 |
| Colorado | $3,245 | $1,623 | $270 |
| Connecticut | $2,964 | $1,482 | $247 |
| Washington, D.C. | $3,234 | $1,617 | $270 |
| Delaware | $2,630 | $1,315 | $219 |
| Florida | $3,036 | $1,518 | $253 |
| Georgia | $3,671 | $1,835 | $306 |
| Hawaii | $1,681 | $840 | $140 |
| Iowa | $2,256 | $1,128 | $188 |
| Idaho | $1,613 | $806 | $134 |
| Illinois | $2,411 | $1,205 | $201 |
| Indiana | $2,302 | $1,151 | $192 |
| Kansas | $2,803 | $1,402 | $234 |
| Kentucky | $3,185 | $1,592 | $265 |
| Louisiana | $4,168 | $2,084 | $347 |
| Massachusetts | $2,497 | $1,249 | $208 |
| Maryland | $2,569 | $1,285 | $214 |
| Maine | $1,814 | $907 | $151 |
| Michigan | $3,075 | $1,537 | $256 |
| Minnesota | $2,816 | $1,408 | $235 |
| Missouri | $3,395 | $1,698 | $283 |
| Mississippi | $2,719 | $1,359 | $227 |
| Montana | $2,625 | $1,312 | $219 |
| North Carolina | $2,441 | $1,220 | $203 |
| North Dakota | $2,244 | $1,122 | $187 |
| Nebraska | $2,643 | $1,321 | $220 |
| New Hampshire | $2,062 | $1,031 | $172 |
| New Jersey | $2,446 | $1,223 | $204 |
| New Mexico | $2,551 | $1,275 | $213 |
| Nevada | $2,421 | $1,211 | $202 |
| New York | $2,041 | $1,020 | $170 |
| Ohio | $1,616 | $808 | $135 |
| Oklahoma | $2,592 | $1,296 | $216 |
| Oregon | $2,256 | $1,128 | $188 |
| Pennsylvania | $2,849 | $1,424 | $237 |
| Rhode Island | $3,239 | $1,619 | $270 |
| South Carolina | $2,536 | $1,268 | $211 |
| South Dakota | $3,127 | $1,563 | $261 |
| Tennessee | $2,863 | $1,432 | $239 |
| Texas | $3,668 | $1,834 | $306 |
| Utah | $2,023 | $1,011 | $169 |
| Virginia | $1,987 | $994 | $166 |
| Vermont | $1,977 | $988 | $165 |
| Washington | $2,337 | $1,169 | $195 |
| Wisconsin | $1,944 | $972 | $162 |
| West Virginia | $2,516 | $1,258 | $210 |
| Wyoming | $3,049 | $1,525 | $254 |
How your age impacts Volvo XC60 insurance rates
Young drivers, particularly those younger than 25, face higher insurance premiums due to their lack of experience and the increased likelihood of accidents. As drivers age and gain more experience, their rates typically decrease. However, for senior drivers, premiums can rise again due to age-related factors.
According to the National Highway Traffic Safety Administration (NHTSA) Young Drivers Traffic Safety Facts, 2,034 drivers aged 15 to 20 lost their lives in traffic accidents in 2022.
The table below outlines the average annual insurance rates for different age groups.
| Age | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Teens | $9,686 | $4,843 | $807 |
| Adults | $2,609 | $1,305 | $217 |
The bottom line
Knowing how much it costs to insure your Volvo XC60 is key to managing your expenses. Insurance costs can change depending on the car’s model year, trim, age and state of residence.
To save on insurance, try keeping a clean driving record, taking advantage of discounts and reviewing your policy every renewal period. This will help you get the right coverage at an affordable price.
Resources & Methodology
Sources
Insurance Information Institute. “Facts + Statistics: Teen drivers.” September 2025.
Methodology
CarInsurance.com commissioned Quadrant Information Services to calculate average auto insurance rates for 1,661 car models to help drivers compare coverage costs. Rates reflect national averages based on a standard driver profile with full coverage, typical commute distance, and annual mileage.
The average rates are based on a 40-year-old male driver with 100/300/100 liability limits and a $500 deductible for collision and comprehensive coverage, commuting 12 miles to work daily and driving 10,000 miles annually.
Read the detailed methodology for more information.
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