The average insurance cost of a Volvo across all models is $165.20 a month, or $1,982.40 a year. Volvo has made safety its main selling point, and that’s reflected in the savings you’ll receive on your insurance. Keep in mind that Volvo sells some high-priced models, such as the XC90 ($46,900 MSRP) and the V90 Cross Country ($52,300 MSRP). For these models, you’ll pay on average around $220 a month for insurance, or $2,640 a year. Filter car insurance companies by your state to get a quote.
Model
Monthly insurance rate
Base car price
S60
$227.00
$33,950
S60 Cross Country
$227.00
$44,200
S90
$220.00
$46,950
V60
$227.00
$36,150
V60 Cross Country
$227.00
$41,700
V90 Cross Country
$220.00
$55,300
XC60
$220.00
$40,950
XC90
$220.00
$45,750
To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
2018 Volvo
10,001–15,000 miles driven yearly
No accidents in the past five years
Anti-theft device on vehicle
Driver located in New York
Good credit
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How a Volvo affects the cost of insurance
Insurance companies look at several car-related factors when determining the cost of insurance, including the car’s safety ratings, its likelihood of being stolen, and replacement costs and overall damage susceptibility.
A Volvo’s great safety ratings help to bring down the cost of insuring one. But you can expect to pay more if you own one of the higher-end Volvos.
Other factors that affect the cost of insurance include the model, mileage and trim package. Personal factors like your driving history, credit score and age also play roles.
With Volvo’s impeccable record of safety, insurance companies love insuring the manufacturer’s vehicles. You’ll probably have little trouble finding an insurance policy.
Pros and cons of insuring a Volvo
Pros
Great safety ratings
Low theft rates
Cons
Some higher-priced models come with higher-priced insurance
About the Volvo brand
Headquartered in Sweden, Volvo started manufacturing cars in 1927. The Volvo Cars division was sold to Ford Motor Company in 1999, and today it’s owned by China-based Geely Holding Group.
Volvo makes luxury vehicles — specifically, cars that are billed as some of the safest on the market. The manufacturer’s vehicles are generally highly regarded for fuel efficiency, and are often viewed as top-notch family cars.
What’s Volvo In-Car Delivery?
Volvo has partnered with Amazon to bring its drivers delivery of Amazon purchase straight to their car. Utilizing Volvo On Call and the Amazon Key app, select the in-car delivery option at checkout and get your items delivered to your Volvo.
Download the Amazon Key app to your smartphone and follow the steps to link your Amazon Prime account with your Volvo On Call account and start shopping. In-car delivery is available for models 2015 or newer.
What’s Care by Volvo?
Volvo’s car subscription service lets you lease a new Volvo between $700 and $750 a month. The car you choose is delivered to your home within 2 weeks, and service covers maintenance, excess wear, replacement brakes and wiper blades, tires, roadside assistance and insurance for all eligible drivers. Insurance is underwritten by Liberty Mutual.
You can upgrade to a new or different model every year, and currently available models include the XC40, XC60, XC90 and S60. Since the service is like a lease, expect limits like 15,000 miles a year with extra charges for every mile you drive past the maximum. The service is not available in California, Florida, Hawaii, Mississippi, North Carolina, North Dakota, New York or South Dakota.
Volvo car facts
Volvo’s all about safety, and that helps tremendously with your insurance costs. Because the cars are safer, they’re involved in fewer accidents and fewer claims.
Although Volvo sells high-priced models, many of its vehicles sit in a midrange price point. This also helps keep insurance costs low.
Another plus for insurance premiums: Volvos are among the least-targeted brands by car thieves.
Bottom line
Volvo’s great safety ratings help to bring down the cost of insurance. But be sure shop around to find the best car insurance for you.
Frequently asked questions about Volvo
Volvo has plants around the world, including in Sweden, China, Belgium, Canada, Thailand and Malaysia.
Yes, Volvos are known for their great safety features.
You can finance a new or certified preowned Volvo by taking out a car loan from a bank, credit union or online lender. This typically comes with the most competitive rates. Alternatively, you can also finance directly through an authorized Volvo dealership. Read our review of Volvo Car Financial Services to weigh the pros and cons.
Julia Cameron is a freelance journalist and editor, specializing in personal finance, mergers and acquisitions and immigration law. Her writing and analysis has been featured in TechRadar, MSN, Harper's Bazaar, Time and other top media. She holds a BA in English literature from the University of Central Florida.
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