Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Volvo insurance rates
Average insurance cost of owning a Volvo
Guides
Vehicle Guides
Need Financing?
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.
Find your Volvo model
Companies that offer coverage for Volvos
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.
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
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.
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.
Get the cheapest quotes
Compare car insurance companies near you.
Your information is secure.
Frequently asked questions about Volvo
More guides on Finder
-
Combined life insurance review March 2021
Find unusually low face values for a whole life policy, ideal for supplemental insurance.
-
Electric vehicles in 2021: How new models, insurance rates and tax breaks affect their cost to own
See average EV insurance rates for 2021 based on Finder’s car model research, plus new models on the horizon.
-
How does a VIN affect car insurance?
Learn how insurance companies use identifying info from your VIN to set rates.
-
Car insurance for drivers 25 to 40 years old
Take advantage of the lowest minimum coverage rates by earning all the discounts you can.
-
Best home insurance for wildfires
Compare costs, coverage and claims for wildfire insurance, plus how to find high-risk home insurance.
-
Compare Auto Insurance
Get cheap car insurance rates.
-
Compare Auto Insurance
Get cheap car insurance rates.
-
How to buy life insurance during a recession
Learn how to choose a financially stable insurer and lock in a low rate for your policy.
-
Root home insurance review March 2021
Put down roots with discounted coverage for car and home insurance in 12 states.
-
Lemonade pet insurance review
How does this insurer’s first foray into low-cost pet insurance compare to policies elsewhere?
Ask an Expert