Volvo XC40 insurance group

Volvo XC40 models range from insurance groups 18 to 42, so the cost of insurance can vary significantly depending on which model you have.

Volvo XC40 insurance groups and cost

In the table below, we show you the insurance group for different Volvo XC40 model versions alongside the likely premiums for different age ranges.

Model / Version	Group (1-50)	Age 20yrs	Age 30yrs	Age 40yrs	Age 50yrs	Link
Volvo XC40 SUV (2017 onwards) Start 1.5 T2	18	£1,395.77	£661.75	£611.82	£613.29	Get Quote
Volvo XC40 SUV (2017 onwards) R DESIGN T3 FWD	22	£1,108.94	£729.30	£624.63	£589.41	Get Quote
Volvo XC40 SUV (2017 onwards) Momentum D3 AWD	23	£1,416.79	£809.39	£703.65	£656.36	Get Quote
Volvo XC40 SUV (2017 onwards) Momentum 2.0 B4P [7 speed]	24	£1,180.48	£772.67	£633.50	£639.42	Get Quote
Volvo XC40 SUV (2017 onwards) Inscription Pro B4 (P) AWD	25	£1,380.34	£861.31	£730.90	£648.06	Get Quote
Volvo XC40 SUV (2017 onwards) Momentum T4	26	£1,612.10	£890.06	£755.97	£681.74	Get Quote
Volvo XC40 SUV (2017 onwards) Inscription Pro T4 AWD	27	£1,598.22	£902.37	£784.49	£759.41	Get Quote
Volvo XC40 SUV (2017 onwards) Inscription Expression 1.5 T4 RC PHEV	28	£1,051.05	£582.19	£543.93	£540.48	Get Quote
Volvo XC40 SUV (2017 onwards) Inscription Pro B5 (P) AWD	29	£1,663.68	£1,031.80	£773.88	£754.05	Get Quote
Volvo XC40 SUV (2017 onwards) Ultimate 1.5 T5 Recharge PHEV Ultimate Bright	30	£3,439.38	£1,001.68	£874.54	£861.41	Get Quote
Volvo XC40 SUV (2017 onwards) R DESIGN Pro T5 AWD	31	£3,544.85	£1,019.77	£863.52	£847.78	Get Quote
Volvo XC40 SUV (2017 onwards) Inscription Recharge T5 Plug-in hybrid FWD	32	£2,980.18	£914.54	£796.14	£767.16	Get Quote
Volvo XC40 SUV (2017 onwards) First Edition T5 AWD	33	£2,293.32	£1,256.31	£1,048.45	£1,141.00	Get Quote
Volvo XC40 Electric SUV (2021 onwards) Core 170kW Recharge Core 69kWh	35	£1,951.55	£1,055.05	£952.11	£921.24	Get Quote
Volvo XC40 Electric SUV (2021 onwards) Plus 170kW Recharge Plus 69kWh	36	£1,795.79	£947.00	£829.72	£807.78	Get Quote
Volvo XC40 Electric SUV (2021 onwards) Ultimate 175kW Recharge Ultimate 69kWh	37	£2,172.92	£1,067.37	£933.26	£896.05	Get Quote
Volvo XC40 Electric SUV (2021 onwards) Twin Core 300kW Recharge Twin Core 82kWh AWD	41	£4,976.17	£1,537.43	£1,223.63	£1,173.91	Get Quote
Volvo XC40 Electric SUV (2021 onwards) Twin Plus 300kW Recharge Twin Plus 78kWh AWD	42	£6,986.31	£1,338.71	£1,340.77	£1,134.04	Get Quote

Average Volvo XC40 insurance cost

To provide you with an idea of how much it may cost you to insure your Volvo XC40, we ran several quotes to find an average figure. Based on our results, on average, you could insure your Volvo XC40 with a comprehensive policy for £1,241.45 yearly, or £108.41 paying monthly.

We generated these quotes using the following assumptions about the vehicle and the driver. We looked at prices for a driver aged 20, 30, 40 and 50. For each age category we took the average price of the 3 best quotes. We said the 20-year-old driver has 3 years of driving experience, the 30-year-old driver has 13 years of driving experience, the 40-year-old driver has 23 years of driving experience and the 50-year-old driver has 25+ years of driving experience, as that is the quote engine's largest option. We used a cheap (TR8), mid-range (CH1) and expensive (E10) postcode for each hypothetical driver.
All other factors were the same. These were:
The vehicle:
- Has a factory-fitted alarm system
- Hasn't been modified
- Would be parked in a work car park during the day
- Would be parked on a driveway at night
- Hadn't been bought yet but would be by the time the policy starts
- Isn't fitted with a dashcam
The driver:
- Is a teacher
- Is male
- Is a non-homeowner
- Has had no accidents or claims in the last 5 years
- Has had no motoring convictions, driving licence endorsements or fixed penalty points in the last 5 years
- Doesn't have any unspent non-motoring convictions
- Has no medical conditions
- Has never had insurance declined, cancelled or special terms imposed
- Has lived in the UK continuously since birth
- Is single and has no children
- Has a full UK manual licence
- Doesn't have use of another vehicle
- Doesn't have any medical conditions
- No driving or other convictions in the last 5 years
Other factors:
- We used 1 January as the birthday for each driver, alongside their respective birth year
- We looked for quotes with a 3-year no-claims discount
- We chose a voluntary excess of £500
- We didn't protect the no-claims bonus
- We looked for quotes for comprehensive policies
- We didn't include additional drivers
- We opted for an annual payment
- We used cars that were first registered in 2020, with an aim to find a mid-range car in that group
- The policy is for social, domestic and commuting purposes
- We looked at policies covering 10,000 miles per year

Volvo XC40 insurance cost by location

The table above shows the average cost of Volvo XC40 insurance based on insurance groups and driver age. However, there are a number of other factors that affect the cost of your car insurance premiums, and one of the biggest is where you are in the UK. Where you live helps determine the level of risk that your car may be stolen or that you'll be involved in an accident, and this affects the cost of insurance.

To show the power of the postcode, here are some average quotes for a 30-year-old living in 3 different locations. The quotes are for a Volvo XC40 SUV (2017 onwards) Start 1.5 T2.

Expensive: £1,006.97 (London E10)
Mid-range: £661.75 (Chester CH1)
Cheap: £540.27 (Newquay TR8)

What factors affect my Volvo XC40 insurance rate?

We've covered insurance groups, age and location. Here are some of the other factors that affect your insurance premium costs:

Your marital status
Your credit history and job
Your car's safety rating score
The model of your car
The age of your car
Your car's security and any extra anti-theft precautions
Annual miles driven
Your driving history and activity
No-claims discount

How can I save on my Volvo XC40 premiums?

When searching for insurance, you'll want to find the best deal for a price that's within your budget. We've uncovered some tricks you can try to lower the cost of your premium, and we've listed them below.

Limit your car usage (where possible). Occasionally deciding to walk or get public transport, rather than using your car, can help to save on your premiums.
Pay annually rather than monthly. Whilst it might be scary to part with a large sum of money in one go, if you're able to pay annually you can save an average of £59.52 a year.
Install extra safety precautions. The safer your car is, the less of a risk it will be for companies to insure. By adding extra safety measures, you're quite likely to lower your premium.
Clear out the garage! If you have a garage – clear it out and park your car there. Parking your car in a garage reduces your risk to insurers and therefore reduces your premiums too.
Consider any named drivers. Only name drivers on the insurance policy that regularly drive the vehicle, you can easily add on others at a later date or get them temporary cover.
Don't just accept your renewal quote. When it's time for renewal, it's worth investing a couple of hours to shop around: there may be cheaper options out there.

Bottom line

As we've shown, factors like where you live, how old you are, whether you want to pay monthly or annually, and the specific variant of Volvo XC40 you're insuring all have a major impact on the cost of cover. In fact, the best prices we found ranged from £389.94 to £13,853.94, and that's based on shopping around to find a competitive deal. Unfortunately, if you don't shop around, there's every chance you could end up paying more than you have to.

Frequently asked questions

Thank you for your feedback!

Written by

Jason Loewenthal

Senior writer

Add to Preferred Sources

Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money. See full bio

More resources on Finder

More guides on Finder

Volvo C30 insurance group
Find out how much it costs to insure a Volvo C30 and how to save on your car insurance premiums.
Volvo V60 insurance group
Find out which insurance group the Volvo V60 falls under and how much it costs to insure.
Volvo S40 insurance group
Find out which insurance group the Volvo S40 falls under and how much it costs to insure.
Volvo V70 insurance group
Find out which insurance group the Volvo V70 falls under and how much it costs to insure.
Volvo XC90 insurance group
Find out which insurance group the Volvo XC90 falls under and the average cost of insurance.
Volvo XC60 insurance group
Find out which insurance group the Volvo XC60 falls under and the average cost of insurance.
Volvo V40 insurance group and cost
Find out the average cost of car insurance for a Volvo v40 based on the insurance group the model falls within, the driver’s age, and their location.

Volvo XC40 insurance group

Find out the cost and car insurance group of a Volvo XC40 and see how much you could pay based on age, location and model.

Volvo XC40 insurance groups and cost

How we got these rates

Average Volvo XC40 insurance cost

How we got this rate

Volvo XC40 insurance cost by location

What factors affect my Volvo XC40 insurance rate?

How can I save on my Volvo XC40 premiums?

Bottom line

Frequently asked questions

How many doors does the Volvo XC40 have?

What is the fuel type of a Volvo XC40?

What is the top speed of a Volvo XC40?

What is the horsepower of a Volvo XC40?

What body style is available for the Volvo XC40?

How much car tax do I have to pay for the Volvo XC40?

Where can I buy a Volvo XC40?

Jason Loewenthal

More guides on Finder

Advertiser disclosure