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Volvo XC40 insurance rates

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The Volvo XC40 is an SUV that’s expensive to insure. The expected average cost of auto insurance for the Volvo XC40 is $231 a month or $2,772 a year. With a starting MSRP of $42,450, that makes the price-to-cost ratio 6.53%, compared to the national average of 3%. However, your actual cost may vary depending on your location, driving history, XC40 trim and options and other factors.

The Volvo XC40 is an SUV that’s expensive to insure. The expected average cost of auto insurance for the Volvo XC40 is $231 a month or $2,772 a year. With a starting MSRP of $42,450, that makes the price-to-cost ratio 6.53%, compared to the national average of 3%. However, your actual cost may vary depending on your location, driving history, XC40 trim and options and other factors. Filter car insurance companies by your state to get a quote.
Insurance rates for the Volvo XC40 are based on theft rates, vehicle performance, repair costs and other factors that vary between makes and models. Here’s how the XC40 compares to other vehicles.

  • Type of car. The Volvo XC40 is an SUV, which tend to be pricier to insure.
  • Theft. Theft rates for this car are low, which may lower the cost of insurance.
  • Repairs. Repairs for this car are average, which typically leads to average insurance premiums.
  • Safety ratings. This car has good safety ratings, which typically makes cars cheaper to insure.
  • Fuel type. Cars with gas engines are usually slightly cheaper to insure than other fuel types.
  • Trim. Generally, your insurance goes up when you opt for a pricier trim level or more features upgrades. Popular trim levels for this model include the T4 Momentum, T5 Momentum, T4 R-Design, T4 Inscription, T5 R-Design, T5 Inscription trim, depending on the model year.
  • Coverage. For an SUV, you might consider a policy with your state’s required coverage with high liability limits plus collision and comprehensive coverage. And the more coverage you have, the higher your insurance rates.
  • Warranty. New XC40s come with a 48 months / 50,000 miles warranty from Volvo plus roadside assistance.
  • Manufacturer deals. Currently, Volvo is offering reduced prices on 36-month leases. You can also find other financing deals from Volvo by checking with your local dealer.
Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Allstate
Optional
13%
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
Progressive
Optional
30%
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Pretected
Pretected
Optional
Yes
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
The AARP Auto Insurance Program from the Hartford
Optional
Yes
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
Clearcover
Optional
Yes
AZ, CA, GA, IL, IN, KY, LA, MD, MO, MS, NE, OH, OK, PA, TX, UT, VA, WI & WV
Get instant online support and score a low rate thanks to online data that sets premiums automatically.
Root
52%
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
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What discounts does the XC40 qualify for?

You could save money on car insurance for your Volvo XC40 if it comes equipped with certain safety features.

  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount
  • Safety device discount

Volvo XC40 safety and reliability ratings

The Volvo XC40 scores 5 stars from the NHTSA, which means its safety is relatively low. Cars with high safety ratings are usually cheaper to insure because they’re easier to repair and safer in a car crash.

Bottom line

The Volvo XC40 is an SUV with low theft rates and average maintenance, making it expensive to insure. Compare car insurance quotes to find the best price for the coverage you need for your Volvo XC40.

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