volvo logo

Volvo car insurance rates

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

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.

Compare Volvo car insurance quotes

Your information is secure.

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.

Companies that offer cover for Volvos

With Volvo’s great record of safety, insurance companies are usually happy to insure the manufacturer’s vehicles. And depending on your own circumstances, you’re unlikely to run into difficulties in finding an insurance policy.

Name Product Courtesy car cover New for old car replacement Drive abroad in EU? Personal accident cover Multi-car discount Policy options
Up to 90 days
Up to £5,000 personal accident cover or up to £7,500 for AA members.
N/A
New customers get AA Roadside Assistance for a year from just £15, plus discounts on breakdown cover upgrades.
Up to 90 days
Up to £5,000 personal injury cover
Insure more than one vehicle under the one policy. Every car added will earn its own discount.
Black Box Insurance, Car Sharing Insurance, GAP Insurance
Quotes starting from £248 per year. No claims & MultiCar discounts on offer.
Up to 180 days
Yes
N/A
Motor Legal Protection, Key Protection, Excess Protection
No upper age limit
Up to 90 days
Cover you or your partner up to the benefit amount outlined in your insurance agreement
If you've got more than one car to insure at the same address, you could save yourself some money on every additional policy
Black box insurance, Young driver insurance
  • Replacement, upgrade or the money in case of write off
  • No-claims discount protected if car is vandalised or hit by an uninsured driver
  • (terms apply)
Up to 90 days
Yes
Yes
Young driver insurance
Optional
You or your partner are covered up to the amount in your insurance agreement.
If you've got more than one car to insure at the same address, you could save yourself some money on every additional policy (T&Cs apply)
Black box insurance
  • Guaranteed hire car as standard
  • Taxi to get you to your destination if you've been involved in a crash (T&Cs apply)
  • No-claims discount protection (Terms apply)
Up to 90 days
£5,000 of personal injury cover for you and your spouse
Yes
Young and first time drivers insurance
Up to 90 days
You or your partner are covered up to £2,000 per person.
N/A
Short term car insurance, Young driver insurance
20% off MOT costs and 10% off servicing with comprehensive and third party policies.
Up to 90 days
Optional extra
If you've got more than one car to insure at the same address, you could save 10% on your cover
Multi-car, temporary insurance
Optional
Personal accident cover up to £5000.
N/A
Learner driver insurance, Young driver insurance, New driver insurance, Student insurance, First time drivers insurance
Up to £200 cover if handbag is stolen child seat cover.
No
Cover up to £10,000 per accidentand £2,500 per person.
N/A
Learner driver insurance
Insurance for young and learner drivers ages 17 to 25. Discounts up to 21% for good driving.
Up to 90 days
Get up to £10,000 cover per accident.
N/A
M&S Bank cardholder's save up to 15% when taking out a new policy or renewing existing insurance.
Up to 93 days with a foreign use extension
-
Up to 15% off certain additional car insurance policies
Young driver insurance
Up to 60 days
Cover for passenger injury.
N/A
Free breakdown cover for eligible new customers and 3 year guarantee on repairs carried out by approved repairers.
Up to 90 days
Optional extra
Get 10% off when you insure additional cars in your household
Multi-car, temporary insurance

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.

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.

Compare Lotus car insurance quotes

Your information is secure.

Frequently asked questions about Volvo

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site