Buy Cheap Volvo Auto Insurance in 2023
Drivers looking for cheap Volvo auto insurance should know that the average rate for full coverage on a Volkswagen is $128/mo. Rates will be even cheaper on older models, as full coverage for a 2016 Volvo XC90 is only $122/mo, compared to $152/mo for a 2023 Volvo XC90.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
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UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- On average, you’ll pay around $128 monthly for full coverage auto insurance on a Volvo
- However, your car insurance rates will vary depending on your Volvo model, unique driving profile, and insurance company
- If you want to buy cheap Volvo auto insurance, compare quotes, coverage options, and discounts before deciding on a company
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 best cheap Volvo auto insurance.
Keep reading to learn more about Volvo coverage options, average rates, and how to find the best affordable Volvo auto insurance coverage for you. Then, if you want to dive right into finding affordable Volvo auto insurance, use our free quote comparison tool to get started.
Volvo Auto Insurance Rates
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:
| Factor Insurance Companies Consider when Adjusting Rates | Average Percent Affect on Auto Insurance Rates |
|---|---|
| Driving Record and Claim History | 35% |
| Age, Martial Status, and Gender | 25% |
| Car Make/Model | 18% |
| Insurance Carrier & Policy Options | 9% |
| Location | 8% |
| Credit | 3% |
| Occupation | 2% |
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 buy cheap Volvo XC90 auto insurance by insuring an older XC90.
| Vehicle Model | Comprehensive | Collision | Liability | Full Coverage |
|---|---|---|---|---|
| 2016 Volvo XC90 | $26 | $47 | $36 | $122 |
| 2017 Volvo XC90 | $27 | $49 | $35 | $123 |
| 2018 Volvo XC90 | $27 | $50 | $33 | $123 |
| 2019 Volvo XC90 | $29 | $50 | $33 | $125 |
| 2020 Volvo XC90 | $30 | $52 | $31 | $127 |
| 2023 Volvo XC90 | $36 | $63 | $37 | $152 |
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.
Learn more: Buy Cheap Volvo XC60 Auto Insurance
Take a look at the table below to compare Volvo XC60 insurance costs by year.
| Vehicle Model | Comprehensive | Collision | Liability | Full Coverage |
|---|---|---|---|---|
| 2016 Volvo XC60 | $24 | $42 | $30 | $107 |
| 2017 Volvo XC60 | $25 | $46 | $30 | $110 |
| 2018 Volvo XC60 | $26 | $45 | $28 | $110 |
| 2023 Volvo XC60 | $30 | $52 | $35 | $131 |
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.
| Vehicle Model | Comprehensive | Collision | Liability | Full Coverage |
|---|---|---|---|---|
| 2017 Volvo S90 | $29 | $58 | $35 | $135 |
| 2018 Volvo S90 | $30 | $60 | $33 | $136 |
| 2023 Volvo S90 | $34 | $70 | $42 | $162 |
You could pay about $135 monthly for full coverage if you buy a 2017 Volvo S90, making it easier to buy cheap Volvo S90 auto insurance coverage.
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Volvo Auto Insurance Coverages
Volvo drivers must have liability car 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 car 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 car 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 Rates
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 safe driver insurance discounts 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. Read more: How much auto insurance coverage do 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 Volvo car 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 cheap Volvo auto insurance policy to fit their needs.
Frequently Asked Questions
Are Volvos more expensive to insure?
On average, it costs about $128 monthly to insure a Volvo. Since Volvos are luxury vehicles with expensive repair parts and high MSRPs, insurers charge them higher rates.
Which car insurance plan is best?
The best Volvo auto insurance for you depends on your situation. If you have a car loan or a newer Volvo, you might want to consider carrying full coverage auto insurance. However, if your vehicle is older, you could carry liability-only to save.
Does Volvo offer insurance?
Volvo offers car insurance in partnership with Liberty Mutual. With Volvo auto insurance, you receive specialized customer support, 24/7 roadside assistance, and a 12-month rate guarantee.
Can I get cheap auto insurance for a Volvo if I’m a young driver?
While young drivers generally face higher insurance premiums due to their perceived higher risk, there are ways to potentially lower the cost. Consider the following:
- Good student discount: If you are a student with good grades, you may qualify for a good student discount from insurance providers.
- Driver training courses: Completing a recognized driver training course can help demonstrate your commitment to safe driving and may result in lower premiums.
- Compare quotes: Shopping around and obtaining quotes from multiple insurance providers can help you find the best rates available for young drivers.
- Consider being added to a parent’s policy: Adding yourself as a driver to your parent’s insurance policy may be more cost-effective than getting your separate policy.
Does the color of my Volvo affect my insurance premium?
No, the color of your Volvo does not typically affect your insurance premium. Insurance companies primarily consider factors such as your driving history, model, year, safety features, and location when determining premiums. The color of your vehicle is not typically a significant factor in insurance rate calculations.
Are Volvos good on car insurance?
Volvos have about average car insurance rates, making them good cars to insure.
Are Volvos expensive to maintain?
It depends on the wear and tear you put on your Volvo, as well as how old it is. However, most Volvos should have about average car maintenance costs.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.