Buy Cheap Volvo Auto Insurance in 2023

Volvo is a Swedish car manufacturer well-known for its commitment to safety, producing various vehicles equipped with essential safety features like anti-lock brakes, stability controls, and air bags. The company’s line of vehicles also carries relatively cheap auto insurance rates, costing around $148 a month for full coverage.

If you recently bought a Volvo and want to buy cheap auto insurance, you should compare quotes, coverage options, and discounts from various companies to find the coverage you need at a price that fits your budget. Keep reading to learn more about Volvo coverage options, average rates, and how to find the best coverage for you.

How much does Volvo auto insurance cost?

On average, Volvo drivers pay about $148 a month for full coverage auto insurance. However, this is only an average — your rates will depend on various personal factors, making it vital to compare quotes and average rates based on your demographics and driving profile.

For example, since teens don’t have a lot of experience driving and are more likely to get into car accidents, insurance companies charge them higher auto insurance rates. Teen drivers will pay around $543 a month for Volvo auto insurance, almost four times higher than overall Volvo rates. Learn more about how to buy cheap auto insurance for teenagers.

Not only do insurance companies consider age when setting rates, but they also consider several other factors. Check out the table below to see what insurers look at when calculating rates:

However, while the above factors heavily influence your rates, companies weigh each factor differently than others. So, you should always compare quotes from multiple companies to ensure you’re not overpaying for coverage.

As the table shows, the Volvo model you choose affects how much you pay for car insurance. For example, a Volvo with more advanced safety features or expensive repair parts will have higher rates since the insurer would need to issue a higher payout check in the event of a claim. So, you should also consider the model you choose if you want to buy cheap Volvo auto insurance.

Volvo XC90 Auto Insurance Rates

If you want to seat up to seven passengers, the Volvo XC90, a luxury mid-size SUV, has the interior space you need and decent auto insurance rates. On average, XC90 drivers pay about $152 monthly for full coverage, only a few dollars higher than the overall Volvo average. However, you could find lower rates by insuring an older XC90.

As you can see, it costs less to insure older Volvo XC90s. For example, if you own a 2014 Volvo XC90, expect to pay about $116 a month for full coverage.

Volvo XC60 Auto Insurance Rates

The Volvo XC60 is a compact SUV that offers an excellent balance between interior space, luxury, and affordability. It’s starting MSRP is over $10,000 cheaper than the XC90. In addition, it costs about $131 for full coverage on a Volvo XC60, making it the cheapest Volvo model to insure on average.

If average rates for a newer XC60 don’t align with your budget, you could consider insuring an older XC60 model to buy cheap Volvo auto insurance. Take a look at the table below to compare Volvo XC60 insurance costs by year.

As you can see, you’ll pay about $110 a month to insure a 2018 Volvo XC60, a savings of over $20 compared to a brand-new XC60.

Volvo S90 Auto Insurance Rates

Volvo’s sleek S90 model is a mid-size sedan with higher auto insurance rates than the overall Volvo average. In fact, the Volvo S90 is the most expensive Volvo model to insure, costing around $162 a month for full-coverage auto insurance.

So, if you’re looking for cheap Volvo auto insurance, look at the table below to see average S90 rates by year.

You could pay about $135 monthly for full coverage if you buy a 2017 Volvo S90.

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Volvo Auto Insurance Coverages

Volvo drivers must have liability auto insurance coverage in almost all U.S. states except for Virginia and New Hampshire. Liability insurance covers the medical expenses and property damage of other drivers in an accident you cause, so it doesn’t cover you or your car. You must carry full auto insurance to protect yourself and your vehicle.

Some states may require coverage aside from liability insurance, so required coverages depend on where you live. Below is a list of auto insurance coverages your state may require:

• Bodily injury liability: Bodily injury liability helps pay for other drivers’ medical expenses in an accident you caused.
• Property damage liability: If you damage someone else’s property or car in an at-fault accident, property damage liability pays up to the policy’s limit.
• Personal injury protection/medical payments: These coverages help pay for you and your passengers’ medical expenses associated with a covered accident.
• Uninsured/underinsured motorist protection: Uninsured/underinsured motorist coverage covers your property damage and medical expenses caused by a driver with inadequate or no auto insurance.

If you’re looking for more comprehensive protection, you should consider a full coverage auto insurance policy consisting of the following coverages:

• Comprehensive auto insurance: Comprehensive coverage pays out if your car gets damaged or totaled by an incident unrelated to a collision, like vandalism, theft, or weather.
• Collision auto insurance: Collision coverage pays to repair or replace your car if you get into an accident.

However, if you have an older car or can afford to pay liability expenses out of pocket, you could consider only carrying liability insurance. Since full coverage offers more protection, it costs significantly more than a liability-only policy. For example, while you’ll pay $148 monthly for Volvo full coverage, it only costs $38 monthly on average for liability coverage.

How to Save on Volvo Auto Insurance Costs

Although Volvo’s luxury vehicle status means you’ll pay higher-than-average auto insurance rates, there are still tips you can follow to lower your auto insurance rates.

• Compare multiple auto insurance quotes. Since insurers consider various factors when setting — and weigh those factors differently than other companies — you should always compare quotes from several companies. You could overpay for auto insurance if you don’t compare quotes.
• Find auto insurance discounts. Most insurance companies offer policyholders discounts, so you should always shop around for eligible discounts. For example, if you buy cheap Volvo auto insurance and home insurance from the same company, you could receive an auto insurance bundling discount.
• Maintain safe driving habits. You may qualify for a safe driving insurance discount if you go a certain period without getting in an accident or receiving a moving violation.
• Insure an older car. Since older cars depreciate in value, they cost less to insure. So consider insuring an older Volvo model to save on your auto insurance rates.
• Consider coverage options. The more coverage you have, the higher your insurance rates will be. So, ensure you only carry the coverages you need. For example, if you have an older car with a low market value, you could drop full coverage and carry a liability-only policy. Find out how much auto insurance coverage you need.

While buying cheap Volvo auto insurance may seem like a lost cause, drivers have many opportunities to lower their Volvo rates.

The Bottom Line: How to Buy Cheap Volvo Auto Insurance

Volvo drivers have various options for auto insurance, ranging from liability insurance for policyholders with low-value Volvos or full coverage to protect newer assets. Always consider your personal situation to determine the level of coverage you need.

On average, expect to pay around $148 a month for full coverage auto insurance on a Volvo. However, factors like your chosen Volvo model, driving profile, and demographics will impact your rates. Drivers looking to buy auto insurance should always compare quotes, coverage options, and discounts to find a policy to fit their needs.

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