Volvo car insurance rates

What to expect when you insure a Volvo - plus the insurers that could cover you.

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Volvos have always been considered one of the safest cars on the road, but gone are the days of those boxy, heavy tanks. The Swedish luxury car maker married safety with sophistication to come up with the modern and sleek Volvos of today. If you fancy owning one, read on to see how much it could cost to get it insured.

What’s the average insurance cost for a Volvo?

The insurance on your Volvo will be affected by the insurer you choose, the specific model you have, your driving history and your personal details, such as where you live. Volvo has made safety its main selling point, and that’s reflected in the savings you’ll receive on your insurance compared with some other brands.

One of the more common Volvos on UK roads is the V40 so we’ve used that to get some example quotes in order to give you an idea. In our scenario, the average annual insurance cost of a Volvo V40 was £905 a year or £95 in monthly payments for a fully comprehensive policy with no optional extras. Your actual cost could be more or less depending on your driving record, your annual mileage as well as other factors.

Keep in mind that Volvo sells some high-priced models such as the XC60, which starts at around £38,000 and the XC90 from around £50,000, so you’re likely to pay more for your insurance if you own one of these.

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.

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 and age will also be taken into consideration.

Pros and cons of Volvo

Pros

  • Great safety ratings
  • Low theft rates

Cons

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

Volvo car facts

  • Volvo’s all about safety, and that helps tremendously with your insurance costs. Because the cars are safer, they’re usually 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. The V40 is one of the cheaper models starting at £21,610, the XC60 is one of the more popular models and sells for £37,770 while the XC90 is the high end model, priced from £50,435.
  • Another plus for insurance premiums: Volvos are among the least-targeted brands by car thieves.
  • You may want more than third party car insurance for your Volvo, expanding your protection to third party fire and theft or comprehensive cover.

Other car brands you might want to see rates for include:

What’s Volvo On Call?

Volvo On Call is a subscription service that allows you to control your car wherever you are. There are features including remotely locking or unlocking the doors, and heating the car before setting off in winter or cooling it down in summer. When you’re in the car, you can get emergency and roadside assistance.

The Volvo On Call app can be used on iPhones, Android, Windows Phones, Apple Watches and Android Wear, Apple and Windows tablets and Windows 10.

Bottom line

Volvo’s great safety ratings help to bring down the cost of insurance. But be sure to shop around to find the best car insurance for you.

Frequently asked questions about Volvo

*51% of consumers could save £200. Quote aggregator Seopa split the insurers on its comparison systems into different categories. It then selected quotes from the most popular providers as well as quotes from other providers which returned a price. It then selected providers, weighting them according to UK insurance market share (data from the Association of British Insurers), choosing the cheapest of either the most popular providers or other providers ("the cheapest selected quote"). Seopa then compared the cheapest quote on its system against this "cheapest selected" quote. The company then took the savings figure which 51% or over could have saved, using that formula. The savings you could achieve will depend on your individual circumstances and how you selected your current insurance supplier.
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