Volvo Auto Insurance (2024)
Volvo auto insurance costs around $148/mo, but rates vary by model. For example, Volvo XC60 insurance averages $131/mo, making it an affordable Volvo to insure. To get the best car insurance rates for a Volvo, compare cheap Volvo insurance quotes and average rates by model, demographics, and other factors.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Sep 20, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 20, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Volvo auto insurance rates average $148 a month for full coverage
- Specific Volvo models have lower MSRPs, resulting in cheap Volvo car insurance quotes
- If you have a Volvo loan or lease, you may need full coverage and gap insurance
Volvo auto insurance rates can be expensive and vary by vehicle model and driver, but Volvo drivers can still find cheap auto insurance for their vehicles. Volvo owners can save money on coverage by applying discounts, removing add-on coverages, and raising auto insurance deductibles. However, shopping around is the best way to save on Volvo car insurance. Find cheap Volvo auto insurance rates by comparing quotes from multiple companies.
Keep reading to learn more about auto insurance for your Volvo and how to get the Volvo insurance coverage you need at the lowest cost.
Volvo Auto Insurance Cost
While numerous factors affect Volvo car insurance rates, the model you choose is one of the most significant. So, it’s important to compare auto insurance rates by vehicle make and model to find the best car insurance for your Volvo.
The body style and safety features play a part in the cost of Volvo insurance. For example, Volvo models with expensive repair costs and sports cars have higher Volvo insurance rates.
Check out the table below to compare Volvo insurance rates by model:
Volvo Auto Insurance Average Rates by Model and Coverage Type
| Volvo Model | Monthly Comprehensive Rates | Monthly Collision Rates | Monthly Liability Rates | Monthly Full Coverage Rates |
|---|---|---|---|---|
| 2023 Volvo XC90 | $36 | $63 | $37 | $152 |
| 2023 Volvo XC60 | $30 | $52 | $35 | $131 |
| 2023 Volvo V60 | $32 | $64 | $35 | $145 |
| 2023 Volvo S90 | $34 | $70 | $42 | $162 |
| 2023 Volvo S60 | $32 | $64 | $42 | $153 |
Auto insurance rates for Volvo will vary widely by model. For example, the Volvo S90 auto insurance rates are the highest of the available models. On the other hand, however, the Volvo XC60 has the lowest rates on the market.
While Volvos are considered luxury cars, MSRPs put them on the more affordable end of the category. Volvos come with enhanced technology and safety features that can be expensive to repair, which increases auto insurance rates. However, you can always find the best auto insurance for luxury cars by comparing Volvo insurance quotes and locating eligible discounts.
In addition, some vehicle models come with higher car insurance rates. For example, insurance companies charge higher rates for sports cars since drivers tend to speed or drive recklessly and cause more accidents.
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Volvo Auto Insurance Coverage Options
You must meet state minimum auto insurance requirements to drive your Volvo legally. However, the minimum standards typically only include liability insurance and have low limits. Some states also require medical payment or personal injury protection auto insurance to pay for accident-related medical bills.
Volvo liability auto insurance pays for bodily injuries and property damage to others if you cause an accident. Coverage includes medical costs and vehicle and other property repairs but doesn’t pay for damage to your car.
Drivers need to add collision and comprehensive coverage to protect their Volvo. Collision auto insurance pays for damage to your car if you cause an accident, and comprehensive auto insurance pays for your vehicle damage unrelated to an accident, such as damage related to theft, vandalism, and acts of nature like floods, hail, and tornados.
Although minimum coverage meets state insurance requirements, Volvo full coverage auto insurance offers protection for your vehicle by including collision and comprehensive coverage. Unless you pay cash for your Volvo, you’ll need full coverage. In addition, most lenders require more coverage if you have a loan or lease.
In addition to full coverage, you’ll need gap insurance if you have an auto loan or lease. Gap insurance pays the difference between what you owe on your Volvo and its worth if your car gets totaled. Without gap insurance, you’d pay the difference yourself. Gap insurance for your loan or lease is optional but can sometimes save you money in the long run.
Volvo drivers may consider policy add-ons, such as roadside assistance, rental car reimbursement, and new car replacement coverage. While these Volvo insurance coverages give valuable protection, adding coverages can make your cheap Volvo auto insurance rates more expensive.
Factors Affecting Volvo Auto Insurance Rates
There are many factors that affect auto insurance rates besides your vehicle make and model. While your Volvo model impacts your car insurance quotes, other factors may increase rates significantly.
Factors impacting affordable Volvo auto insurance rates include:
- Age: Young drivers pay higher Volvo car insurance rates since they lack experience behind the wheel. Fortunately, rates decrease as drivers age. Read more about comparing average auto insurance rates by age.
- Driving record: Finding affordable Volvo auto insurance quotes can be challenging if you have an accident, ticket, or DUI, since rates are higher. However, in most states, accidents and tickets stop affecting rates in three to five years, but auto insurance for drivers with a DUI can be higher for up to 10 years. Read how auto insurance companies check driving records here.
- Coverage: Your Volvo rates depend on the types of auto insurance you have. Minimum Volvo insurance coverage is the cheapest and meets state auto insurance requirements. However, full coverage also covers your vehicle, but rates are higher.
- Credit score: When it comes to auto insurance and your credit score, drivers with higher credit scores tend to avoid filing claims and pay for damages themselves. On the other hand, drivers with a low score typically can’t pay for repairs out of pocket.
- Location: Drivers living in areas with theft, a high traffic volume, or extreme weather conditions pay higher Volvo auto insurance rates since their vehicle is more likely to be stolen or damaged.
While the best Volvo auto insurance companies use these factors to determine rates, each has its own formula. For example, one Volvo car insurance company may not look closely at your credit score while another considers it.
In addition, auto insurance companies may consider your insurance history, mileage, and how you use your vehicle when calculating Volvo insurance premiums. However, some states, like California, don’t allow insurance companies to use credit scores to determine rates.
Tips to Get the Best Volvo Auto Insurance Rates
Even if Volvo insurance rates are higher than average, there are ways to save on car insurance.
First, add auto insurance discounts to help significantly lower Volvo insurance costs. Most insurance companies offer multiple discounts based on the driver, policy, and vehicle. For example, since Volvo prides itself on safety, you may qualify for vehicle safety feature discounts.
You may be eligible for discounts by paying your policy in full, bundling insurance policies, and completing a defensive driving course. Specific discounts and savings amounts vary by the insurance company.
In addition, you can save money on your Volvo car insurance coverage by participating in your insurer’s telematics program. Typically, the insurer uses an app to monitor specific driving habits, such as speed and distracted driving. Then, you receive a discount based on your safe driving behavior. Your insurance company may also offer usage-based auto insurance.
Next, adjust your auto insurance policy. Drop coverages you may not need, such as roadside assistance and rental car reimbursement. In addition, increasing your deductible lowers overall Volvo insurance rates. While your rates will be lower, you’ll also have to pay more out of pocket if your vehicle gets damaged.
You could also insure a certain Volvo model to get cheap Volvo car insurance quotes. For example, while Volvo S90 insurance averages $162 per month, the average Volvo XC90 insurance cost is $152.
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Finally, shopping around is the best way to find affordable Volvo auto insurance. Compare multiple companies’ coverage, rates, and discounts to find the best deal for your Volvo.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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The Final Word on Finding Cheap Volvo Auto Insurance Quotes
Volvo auto insurance rates are higher than average, but specific models have lower rates. Insurance rates also vary by driver, and inexperienced drivers pay the highest rates.
Additionally, the type of coverage you need affects your rates. While minimum coverage is the cheapest, most Volvo drivers need full coverage. To find the best car insurance for Volvo, take advantage of car insurance discounts and compare cheap Volvo car insurance rates.
Frequently Asked Questions
Can you get auto insurance from Volvo?
While Volvo doesn’t offer insurance, it does partner with Liberty Mutual for coverage. In addition to standard coverage, Volvo drivers also get dedicated customer service and additional safety feature discounts.
Are Volvos more expensive to insure?
Although Volvos are considered luxury vehicles, auto insurance rates aren’t much higher than average. However, Volvo rates are generally higher than rates for Ford, Honda, and Toyota models. So shop around and keep your driving record clean to get the most affordable Volvo auto insurance.
Are Volvo XC90s expensive to insure?
While rates vary by driver, the average monthly full coverage insurance rate for a Volvo XC90 is $152, and minimum coverage is about $37 a month.
What is the best car insurance for Volvos?
There is no specific auto insurance policy that is best for a Volvo. The amount of car insurance you need depends on your personal situation and whether you own your vehicle or not. Necessary coverage varies but may include collision, comprehensive, and gap insurance if you have a loan or lease.
Can I remove add-on coverages to save on Volvo insurance?
Yes, removing add-on coverages such as roadside assistance and rental car reimbursement can help lower your insurance rates. However, it’s important to assess your coverage needs and make informed decisions.
Are Volvo auto insurance rates higher for inexperienced drivers?
Yes, inexperienced drivers, especially young drivers, typically face higher insurance rates. Lack of driving experience and a higher risk of accidents contribute to these increased rates. However, as drivers gain more experience and maintain a good driving record, rates can decrease.
Are Volvo S60s expensive to insure?
Volvo S60 auto insurance rates average $153 monthly, making it slightly more expensive than the overall Volvo average.
Are Volvo XC60s expensive to insure?
Auto insurance for a Volvo XC60 costs $131 monthly on average, making it the most affordable Volvo model to insure.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.