Volvo insurance rates

Average insurance cost of owning a Volvo

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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.

  • Pay by miles driven
  • Low base rates
  • Drive less, pay less

Our top pick: Metromile

Pay-as-you-go rates based on how much and how well you drive start at $29/month plus pennies per mile.

  • Rates from $29/month plus pennies per mile
  • Low-mileage drivers could save $611/year
  • All miles over 250 a day are free
  • Easy app and online claims plus 24/7 support

Find your Volvo model

Companies that offer coverage for Volvos

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Progressive
Optional
30%
All 50 states
Choose from a long list of discounts and coverage for almost any driver.
Geico
Optional
26%
All 50 states
Customize your policy and get quotes online in minutes. Many drivers could save up to $500 by switching.
The Hartford
Optional
Yes
All states except AK, HI, LA, MI, RI
Enjoy benefits including rate lock, no-drop policies and accident recovery. Exclusively for drivers 50+.
Metromile
Optional
49%
AZ, CA, IL, NJ, OR, PA, VA, WA
Pay-as-you-go rates based on how much and how well you drive start at $29/month plus pennies per mile.
Liberty Mutual
Optional
30%
All 50 states
Build a policy online or with local agent support, with features like better car replacement and accident forgiveness.
Clearcover
Optional
No
AZ, CA, IL, UT
Find basic coverage and low rates through its easy online or app-based experience.
Gabi
Optional
Optional
55%
All 50 states
Upload your current bill and get 20+ quotes from top brands for the same level of coverage.
Root
52%
AZ, AR, CA, CO, CT, DE, GA, IL, IN, IA, KY, LA, MD, MS, MT, MO, NE, NM, ND, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA
Safe, low-mileage drivers could save up to 52% by tracking their driving in the app.
Allstate
13%
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Esurance
40%
All states except AK, DE, HI, MT, NH, VT, WY
Convenient online quotes, coverage and claims for tech-savvy drivers.
Motion Auto
Optional
No
AZ
Get instant coverage and track your driving over time to lower your rates.
State Farm
Optional
Yes
All 50 states
Get personalized, one-on-one support to build your policy with your local agent. Start your policy today at 877-745-0232.
Farmers
15%
All 50 states
Choose from add-ons like glass repair services and new car replacement to enhance basic coverage.
Assurance
Optional
No
All states except AK, CA, DC, GA, HI, KY, LA, MA, MD, MI
Your broker is your one-stop shop for comparing any coverage you need.
Elephant
Optional
10%
IL, IN, MD, TN, TX, VA
An online-based brand with big discounts and 12-month rate locks.

Compare up to 4 providers

How a vehicle from 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.

Volvo car insurance rates by model

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

Pros and cons of insuring a Volvo

Pros

  • Great safety ratings
  • Low theft rates

Cons

  • Some higher-priced models come with higher-priced insurance

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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.

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.
  • You may want more than minimum liability coverage for your Volvo, expanding your protection through comprehensive coverage.

Volvo competitors

Looking for other car brands?
Compare other car manufacturers like Volvo.

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

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