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Cheapest Volvo Car Insurance (Sep 2024)
Cheapest Volvo Car Insurance (Sep 2024)
Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your Volvo.
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R.E. Fulton
Licensed Insurance Agent —Senior Content Writer
Reviewed by Josh Damico, Vice President Insurance Operations
Edited by Lina Zhang, Licensed Insurance Agent, VP of Operations
What's on this page? 
- How much does Volvo car insurance cost?
- How to find the cheapest Volvo Car Insurance Quotes
- Insurance costs for popular Volvo models
- What factors affect Volvo car insurance rates?
- How can I lower the cost of my Volvo car insurance?
- FAQs
- Methodology
- Meet Our Experts
Load full table of contents
How much does Volvo car insurance cost?
Founded in 1927 but introduced to the U.S. in 1955, Volvo has earned an impressive reputation for its lineup of station wagons, SUVs, and crossover models. With top-notch safety features, consistent excellence in engineering, and technological innovation, you could easily buy and love a Volvo “For Life.”
Volvo drivers pay an average of $1,080 per year for
auto insurance
—but every Volvo car insurance policy is unique. There is no real ‘average’ cost of car insurance as your price depends on your unique driver profile. The only way to understand how much your car insurance will cost is to compare car insurance quotes.How to find the cheapest Volvo Car Insurance Quotes
At Jerry, we think every driver deserves to pay the absolute lowest fee for coverage, which is why Jerry helps drivers get
custom auto insurance quotes
. The Jerry app has already helped Volvo drivers save an average of $2,616 on their car insurance. Think of the cash you could save! Want to see real prices? Check out the table below for examples of real Volvo car insurance quotes for Jerry drivers.
| Date | Car | Insurance Company | Premium (monthly) | Customer Details | Insurance coverage |
|---|---|---|---|---|---|
September 12, 2024 | Volvo XC90 | Infinity | $143 | Melvin, 41 | • 50,000/100,000 Liability • Comp / Collision |
September 10, 2024 | Volvo V70 3.2 | Safeco | $117 | John, 42 | • State Minimum Liability • Comp / Collision |
September 10, 2024 | Volvo XC60 B5 R-Design | Progressive | $86 | Dominic, 29 | • State Minimum Liability • Comp / Collision |
September 8, 2024 | Volvo XC90 T5 Momentum | AAA | $152 | Noah, 38 Whitestown, IN | • 100,000/300,000 Liability • Comp / Collision |
September 2, 2024 | Volvo XC90 3.2 | Allstate | $372 | Alice, 38 | • 50,000/100,000 Liability • Comp / Collision |
Last Updated Sep 12, 2024Best car insurance companies for Volvo drivers
While every driver could benefit from the same basic insurance policy,
shopping for a policy
is a highly individual process.The truth is that there is no “best” insurance company for Volvo drivers. However, we did a little research (okay, a lot of research—the largest survey in the nation) to help you compare insurance companies and find the right fit.
Here’s how real Volvo drivers reviewed some major car insurance companies.
| Insurance Company | Overall Rating | Price | Claims Experience | Customer Service |
|---|---|---|---|---|
| Safeco | 4.6 | 4.4 | 4 | 4.5 |
| Travelers | 4.5 | 4.2 | 4.4 | 4.5 |
| Progressive | 4.3 | 3.9 | 3.9 | 4.3 |
| AAA | 4.2 | 4 | 3.8 | 4.4 |
| Allstate | 4.2 | 3.6 | 3.8 | 4.2 |
| USAA | 4 | 3.5 | 4.5 | 4.2 |
| State Farm | 4 | 3.4 | 3.8 | 4.2 |
| Farmers | 4 | 3.4 | 4.1 | 3.9 |
| Geico | 3.9 | 3.3 | 3.9 | 4 |
Liberty Mutual | 3.7 | 3.2 | 3.5 | 3.7 |
How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
Insurance costs for popular Volvo models
Sedans, crossovers, and SUVs, oh my! Your rates depend on which Volvo model you own. Here’s why your specific model affects your insurance premium:
- Safety features: Volvo is known forgreat safety ratingsacross its entire lineup, but some models are extra impressive (like the XC40 SUV, which earns top crash test ratings).
- Value: If your model is worth a lot of money, you’ll pay more to insure it. That’s why a newerXC90costs more to insure than a 2017 XC40.
- Engine: More horsepower equals a higher risk for speeding tickets and accidents. The S90 T8’s 455-hp engine contributes to its high insurance costs compared to less powerful Volvos.
- Repair costs: Some models (especially an electric car like the XC40 Recharge) cost a lot to repair. Repair costs, and the cost of replacement parts, are factored into your insurance costs.
Volvo drivers can check out the table below to review the average cost of auto insurance for some popular Volvo models.
| Car | Average State Minimum Insurance Cost | Average Full Coverage Insurance Cost |
|---|---|---|
Volvo S60 | $89 | $175 |
Volvo XC90 | $90 | $156 |
Volvo XC60 | $116 | $174 |
Volvo S40 | $106 | $176 |
Volvo S80 | $103 | $196 |
Volvo XC40 | $78 | $144 |
Volvo XC70 | $78 | $134 |
Minimum coverage
is the legal requirement in most states. It usually includes basic liability insurance
, with bodily injury and property damage protection.To protect yourself and your vehicle, you need
full coverage insurance
. With collision
and comprehensive
coverage, you get protection against damages to you, your Volvo, and other passengers.
"Jerry is the new benchmark in app usefulness. Period. It is SO EASY and the results are SO GOOD, and they specifically point out that no one is going to start calling and emailing me all the time. I gave very little info, it pulled up all my existing insurance info, and showed me how to get the same insurance for less, lesser coverage for huge savings, or better coverage for about the same I currently pay. I am personally saving around $1,400/year with my new insurance, and the entire process (including follow ups to sign the docs from the insurance companies) took less than an hour. If you make over $1,400/hour, this may not be worth your time. Otherwise, get the app and use it now!"
Sean S.
Volvo XC60 insurance costs
On the one hand, insuring a midsize luxury SUV like the XC60 can be relatively costly due to its size and value. The starting MSRP for the base trim is just under $45,000.
But there is also a positive aspect to consider. Many recent model year XC60s have been designated as Top Safety Picks by the Insurance Institute for Highway Safety (IIHS), which could have a favorable impact on insurance costs when paired with the appropriate insurance provider.
On average, Volvo XC60 insurance will cost about $174 per month for full coverage or $116 per month for minimum liability coverage.
There are multiple versions of the beloved XC60, from B5 and B5 mild hybrids to T8 plug-in hybrids. Then, there are Core, Plus, and Ultimate trims which replaced the earlier Momentum, R-Design, and Inscription designations.
- Core: Starting at $44,545, the Core delivers keyless entry and rain sensing wipers, with 247-hp.
- Plus: Starting at $48,795, the Plus earns you more aesthetic wheels and upholstery plus valuable features like a 360-degree camera and parking sensors.
- Ultimate: Starting at $54,595, you’ll enjoy a 14-speaker surround sound audio system, head-up display, and 20-inch alloy wheels. This is the only trim with available air suspension.
- Recharge: Starting at $58,295, the Recharge is a plug-in hybrid with AWD.
- Recharge Plus: Starting at $62,545, the Recharge Plus is also a PHEV but there are additional exterior appearance options.
- Recharge Ultimate: Starting at $68,045, enjoy a host of luxurious features like adaptive cruise control and semi-autonomous driving. It gets 63 MPGe, too.
- Recharge Polestar Engineered: Starting at $75,245, the Polestar is a top-of-the-line performance vehicle with 455-hp (with supercharger and turbocharger) and AWD.
Here’s how much you might expect your cost to change based on the trim level of your car:
Electric models and powerful SUVs tend to cost more to repair, which is why you can expect higher insurance prices for these Volvo models as you can see below. Check out some real quotes for real people from Jerry to better understand how your driver profile impacts your cost.
Volvo S90 insurance costs
The cost of a new Volvo S90 sedan can range from $58,000 to upwards of $71,000 for the hybrid option. These prices could raise the cost of your insurance.
You could save some cash by purchasing the 2021 or 2022 S90, both of which were named as Top Safety Picks of the IIHS. It depends on the provider you choose.
According to our research, the average Volvo S90 insurance policy costs $258 per month for full coverage. Below is the average insurance cost of popular Volvo S90 trim levels.
Don’t forget that quotes vary widely from company to company. It also matters which model year you purchase, which trim level, your personal driving history, and your coverage levels.
Some Volvo S90 trim levels will be more expensive to insure than others, from the base Plus to the Recharge Ultimate. Here’s a quick look at the trim levels available for the 2024 S90:
- Plus: Starting at $58,095, is an AWD sedan with adaptive cruise control and a 9-inch infotainment screen.
- Ultimate: Starting at $63,645, the Ultimate earns you power-adjustable front seats, a premium audio system, and a head-up display.
- Recharge Ultimate: Starting at $71,595, this vehicle has a powerful T8 powertrain and gets mileage ratings up to 66 MPGe. Luxury features are standard, like an electric passenger compartment heater and cooler.
Here’s how much you might expect your cost to change based on the trim level of your car:
In the table below, you’ll find real quotes for real people from Jerry to better understand how your driver profile impacts your cost.
Volvo XC90 insurance costs
The 2023 XC90 has a starting MSRP of $57,095—or nearly $81,000, if you’re opting for the top-trim Recharge Ultimate. This hybrid is one of Volvo’s most expensive vehicles, and it comes with higher-than-average insurance costs.
On average, Volvo XC90 insurance costs $156 for full coverage and $90 for state minimum coverage monthly. Your model year, your zip code, and your coverage levels play a major role in determining your car insurance prices, too.
The 2024 Volvo XC90 seats up to seven passengers and comes in six distinct options:
- Core: Starting at $57,095, the configuration offers plenty of standard features like a 9-inch infotainment screen with optional WiFi. The Core has AWD and a tow rating of 4,000 lbs. The Climate package is only available on the Core XC90.
- Plus: Starting at $60,995, the Plus has optional add-ons including premium sound system, head-up display, and 21-inch wheels. There are also more interior color options and you can opt for the B6 powertrain.
- Ultimate: Starting at $70,295, the Ultimate includes the B6 powertrain as a standard feature. This gives it a 5,000-lb tow rating.
- Recharge Core: Starting at $72,995, this plug-in hybrid is incredibly powerful—and efficient. Expect 66 MPGe with the T8, or slightly less without.
- Recharge Plus: Starting at $74,695, the Recharge Plus gets all the Core features plus headlamp cleaners and leather (not leatherette) upholstery.
- Recharge Ultimate: Starting at $80,995, enjoy top-notch driving with a premium sound system, ventilated seats, rear sun door curtains, and a crystal gear selector knob.
Here’s how much you might expect your cost to change based on the trim level of your car:
Check out some sample insurance quotes for the Volvo XC90 from Jerry customersto better understand how your driver profile impacts your cost.
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Volvo XC40 insurance costs
There’s plenty of room for variation in XC40 car insurance costs based on its value. The 2023 gasoline-powered XC40 has a starting MSRP of $37,445 but you can also pay $50,000 for the fully electric XC40 Recharge.
As an SUV, the XC40’s size could make it more expensive to insure than a midsize or compact car. However, it’s also been a Top Safety Pick of the IIHS, which could play a role in bringing down its insurance price.
On average, it costs $144 per month to buy full coverage car insurance for a Volvo XC40.
The 2024 Volvo XC40 SUV is available in six trim levels (excluding the electrified Recharge):
- B4 Core: Starting at $37,445, this model gets 194-hp and has front-wheel drive. Tow capacity is 3,500-lbs and the 9-inch touchscreen system is standard across all XC40s.
- B5 Core: Starting at $39,445, the B5 gets you a more powerful engine. AWD is standard on B5 models and you can expect 30 highway mpg.
- B4 Plus: Starting at $41,845, the interior trim is slightly elevated with metallic instead of wood inlay in places.
- B5 Plus: Starting at $43,845, you get the 247-hp engine plus luxury features like crystal gear selector and panoramic sunroof.
- B4 Ultimate: Starting at $45,595, the luxury gets even more impressive with driftwood trim and the crystal shift knob.
- B5 Ultimate: Starting at $47,595, enjoy the more powerful engine under the hood and more sleek interior features thanks to the Ultimate trim.
Here’s how much you might expect your cost to change based on the trim level of your car:
In the table below, you’ll find real quotes for real Jerry customers to better understand how your driver profile impacts your cost.
| Car | Insurance Company | Premium (monthly) | Customer | Insurance coverage |
|---|---|---|---|---|
| Volvo Volvo_c40 | Nationwide | $63 | Willie, 38 | • 50,000/100,000 Liability |
| Volvo Volvo_c40 | Safeco | $78 | Keith, 38 | • 100,000/300,000 Liability • Comp / Collision |
Last Updated Sep 15, 2024Are Volvos more expensive to insure?
Compared to the average cost of other cars, Volvos cost 11% less to insure.
| Car Make | Average State Minimum Insurance Cost | Average Full Coverage Insurance Cost |
|---|---|---|
| Saturn | $88 | $150 |
| Volvo | $90 | $168 |
| Chrysler | $91 | $179 |
| Volkswagen | $93 | $176 |
| Honda | $95 | $169 |
Cheapest Volvos to insure
The cheapest Volvo model to insure is the 2012 Volvo XC70, with an average monthly premium of $25 for state minimum coverage and an average of $66 for full coverage.
| Car Make | Average Monthly State Minimum Insurance Cost | Average Monthly Full Coverage Insurance Cost |
|---|---|---|
2012 Volvo XC70 | $78 | $122 |
2013 Volvo XC60 | $78 | $188 |
2010 Volvo XC90 | $78 | $204 |
2019 Volvo S60 | $78 | $166 |
2020 Volvo XC60 | $78 | $185 |
Most expensive Volvos to insure
The most expensive Volvo model to insure is the 2021 Volvo XC90. Expect an average monthly premium of $180 for state minimum coverage, or an average of $239 for full coverage.
| Car Make | Average Monthly State Minimum Insurance Cost | Average Monthly Full Coverage Insurance Cost |
|---|---|---|
2021 Volvo XC90 | $145 | $227 |
2016 Volvo XC60 | $145 | $189 |
2010 Volvo S40 | $138 | $212 |
2010 Volvo V50 | $127 | $227 |
2011 Volvo C70 | $125 | $158 |
Remember, your make and model are just two of the factors that affect your rate. Your driving history, your zip code, your age, and even your job can sway your rates. Shopping for personalized insurance quotes is a much better way to uncover cheap insurance than relying on average estimates alone.
What factors affect Volvo car insurance rates?
- Vehicle cost: You’ll pay more for full coverage (collision and comprehensive) on luxury and high-performance models (like the XC60).
- Vehicle age: Newer models tend to have more complex technology and higher market value—so they usually cost more to insure.
- Cost of parts: If you own a rare model (or an electric vehicle), replacement parts can be costly and hard to find. This can drive up insurance prices.
- Your age: Drivers under the age of 25 pay the most for coverage, no matter which car they drive. Drivers over 70 years of age pay more than average, too.
- Your driving record and claims history: If you have a clean driving history, you’ll enjoy the lowest rates. However, if you have accidents and violations on your record, you’ll have to pay more for coverage.
- Where you keep your car: Your zip code and your parking location matter a lot. Dense cities and risky neighborhoods increase the risk of getting into an accident, so you’ll pay more for coverage in these areas.
Here are a few specific factors that impact auto insurance rates for Volvo:
- Imports: Most Volvo vehicles are imported from Sweden, although some are manufactured in the USA. This can drive up the cost of insurance because imported replacement parts cost more.
- Safety: Volvo receives consistently high ratings for safety. Many of their vehicles have been top safety picks from major insurance bodies like the IIHS.
- Reliability: Unfortunately, Volvos do not get the bestreliability ratings. With higher claims rates for some models, drivers pay higher prices for coverage.
Volvo insurance cost for young drivers
If you’re a Volvo driver between the ages of 16 and 19, you’ll pay the most for insurance.
Teen drivers
who own their own Volvo should definitely consider full coverage, since their accident rates are higher than the rates for drivers who’ve spent more time behind the wheel. 
Micheal (24 years old)
$110
per month
Anthony (24 years old)
Coverage50,000 per person
100,000 per accident bodily injury
Comp / Collision
Beech Creek, PA
Volvo XC70 3.2$245
per month
Nathaniel (23 years old)
CoverageState Minimum
Shoemakersville, PAVolvo S80 2.5T$149
per month
Volvo insurance cost for senior drivers
It’s normal for rates to rise again once you turn 70 years old.
Car insurance rates for seniors
are higher than average because older drivers face additional risks. Not only are they more likely to be involved in accidents but their medical costs after an accident can be significantly higher than the average driver’s.Helen (65 years old)
Coverage50,000 per person
100,000 per accident bodily injury
Comp / Collision
Knoxville, TNVolvo XC90 3.2$131
per month
Louisa (77 years old)
Coverage15,000 per person
30,000 per accident bodily injury
Comp / Collision
Volvo XC90 3.2$85
per month
Carl (66 years old)
$119
per month
Shane (72 years old)
CoverageState Minimum
Sierra Madre, CAVolvo S60 Premier$71
per month
Volvo insurance cost for drivers with driving violations
Traffic tickets will cost you—not just the fine you pay for the ticket, but in high insurance premiums in the future.
Volvo car insurance costs depend on your driving record. If you have no at-fault accidents and no moving violations, you’ll pay the lowest rates of all Volvo drivers. However, some of the following incidents could trigger a major rate hike:
- Speeding tickets
- DUIs
- At fault accidents
- Reckless driving
- Driving on a suspended license
Cheapest car insurance for Volvo drivers with speeding ticket
Repeated tickets indicate a history of reckless driving. Don’t sweat a single ticket, but do your best to avoid repeated offenses or very serious charges.
Whatever your driving history, Jerry can help. Jerry has helped Volvo drivers save on car insurance even with speeding tickets on their record.
| Speeding Type | Car | Insurance Company | Premium (monthly) | Customer | Insurance coverage |
|---|---|---|---|---|---|
Speeding 1-5 | Volvo XC70 3.2 | Bristol West | $80 | Elnora, 35 | • State Minimum Liability |
Speeding 6-10 | Volvo S80 | National General | $85 | Lillie, 32 Delta, PA | • State Minimum Liability |
Speeding 11-15 | Volvo S60 2.5T | Kemper | $67 | Mabelle, 52 | • State Minimum Liability |
Speeding 21+ | Volvo XC70 3.2 | Progressive | $271 | Delia, 24 Beech Creek, PA | • 50,000/100,000 Liability • Comp / Collision |
Last Updated Sep 15, 2024Cheapest car insurance for Volvo drivers with a DUI record
A
DUI conviction
is a serious offense, and insurance companies get very nervous when they see a DUI on your record. It’s a key indication that you might reoffend and cause a costly accident. Disclaimer: To find affordable car insurance with a DUI, you’ll have to shop around a bit. Jerry has helped Volvo drivers find cheap auto insurance rates after a DUI.
Leo (25 years old)
$210
per month
Ina (32 years old)
DUI
Coverage50,000 per person
100,000 per accident bodily injury
Comp / Collision
Volvo S60 T5$233
per month
Josie (40 years old)
$110
per month
Cheapest car insurance for Volvo drivers after an accident
Look, your claims history is a pretty straightforward indication of your risk profile. If you’ve filed claims for at-fault accidents in the past, it says something about your driving style. If you have at-fault accidents on record, your car insurance rates are likely to be sky-high.
Jerry has helped Volvo drivers save on car insurance after at-fault accidents.
| Accident type | Car | Insurance Company | Premium (monthly) | Customer | Insurance coverage |
|---|---|---|---|---|---|
At Fault With No Injury | Volvo XC70 3.2 | Progressive | $408 | Brent, 54 Tampa, FL | • State Minimum Liability • Comp / Collision |
At Fault With Injury | Volvo S40 2.4i | Travelers | $140 | Isaac, 29 | • 50,000/100,000 Liability • Comp / Collision |
At Fault With Injury | Volvo S60 Premier | National General | $286 | Ethan, 46 | • 50,000/100,000 Liability • Comp / Collision |
Not At Fault | Volvo S80 T6 | State Auto | $214 | Loretta, 24 Pricedale, PA | • 50,000/100,000 Liability • Comp / Collision |
At Fault With No Injury | Volvo XC90 3.2 | Plymouth Rock | $118 | Frances, 57 Freeport, ME | • 100,000/300,000 Liability |
Last Updated Sep 10, 2024Cheapest car insurance for Volvo drivers with other driving violations on their record
If you have any other violations on record—like reckless driving or
driving on a suspended license
—your rates could increase. How much? It depends on the offense and on the provider.Take a look at this list of common driving violations and how Jerry helped these Volvo drivers save on car insurance.
| Violation | Car | Insurance Company | Premium (monthly) | Customer | Insurance Coverage |
|---|---|---|---|---|---|
Illegal Turn | Volvo XC90 3.2 | Plymouth Rock | $412 | Gussie, 46 | • State Minimum Liability |
Defective Equipment | Volvo XC90 V8 | Progressive | $112 | Jennie, 24 Boulder, CO | • State Minimum Liability |
Failure to Obey Signal | Volvo XC40 T5 Momentum | AAA | $273 | Rosetta, 26 | • 100,000/300,000 Liability • Comp / Collision |
Careless Driving | Volvo XC90 | Allstate | $66 | Bettie, 56 Broad Run, VA | • 50,000/100,000 Liability |
Driving on Sus. License | Volvo XC90 Sport | Mercury | $323 | Tommy, 43 | • State Minimum Liability • Comp / Collision |
Failure to Yield | Volvo C30 T5 | Travelers | $75 | Esther, 29 | • 100,000/300,000 Liability • Comp / Collision |
Improper Passing | Volvo S80 V8 | Gainsco | $298 | Lois, 45 | • 30,000/60,000 Liability • Comp / Collision |
Last Updated Sep 15, 2024How can I lower the cost of my Volvo car insurance?
There are a variety of ways to save money when insuring a Volvo vehicle.
- Shop around:Shopping around for insurance coverageis the fastest way to find low rates. Use a comparison app to look at free quotes from major companies, and then sign up for the best deal. Jerry can help you cancel your old policy, too.
- Opt for a smaller vehicle: Smaller cars tend to cost less to insure, like an S60 instead of an XC40. You’ll save even more money if you buy a used model.
- Bundle your insurance policies:Bundling your home and auto insurancewith the same company can unlock a nice discount.
- Ask about discounts: While not specific to Volvo, many companies offercar insurance discountsfor things like safe driving, autopay, or eStatements. Eligibility requirements vary.
- Reduce your coverage: If you drive an older vehicle below a certain value threshold, you may want to considerreducing coverageon your collision and comprehensive insurance.
FAQs
Is Volvo insurance expensive?
Yes. They’re more expensive than the average vehicle because Volvo is a luxury brand. They’re also less reliable than other makes. However, Volvos tend to cost less to insure than other luxury brands.
Are Volvo S60 expensive to insure?
The cost of car insurance for a mild hybrid like the S60 can be high—more costly than other Volvo models, at least. Luxury features and hybrid technology drive up the cost of coverage. However, you can lower prices by keeping a clean driving record and unlocking discounts.
Is insurance high on Volvo XC90?
Yes, this luxury SUV tends to trigger higher-than-average insurance prices. Bigger cars mean more technology and most costly repairs. Plus, the market value is simply higher.
Why is Volvo insurance so high?
Volvos are imported luxury vehicles, which means that repair costs, replacement parts, and purchase prices are higher than average. Volvos get good safety ratings but they’re not the most reliable make on the market, according to some studies. That’s why Volvo auto insurance premiums tend to be higher than for many other makes.
Are Volvos expensive to insure?
Compared to non-luxury brands, Volvos can be expensive to insure. However, compared to other luxury brands, Volvos are actually more affordable to insure. Keep in mind that your insurance premium depends on the specific model, the model year, and your own driving history.
What kind of insurance coverage do I need for my Volvo?
All drivers need coverage that meets or exceeds their
state minimum
. In most places, this is basic liability coverage. However, liability does not protect you or your Volvo. Consider full coverage which includes collision and comprehensive. You’ll need full coverage if your Volvo is financed, as lenders require this kind of protection. Financed vehicles are typically offered gap insurance
by the retailer, as well. Note that some states do require uninsured motorist protection and personal injury protection (PIP).What is the cheapest car to insure?
On average, Subaru, Ford, and Mazda entry-level models are
the cheapest to insure in 2023
. The cheapest Volvo to insure for most drivers will be the XC40. But lower rates aren’t everything—make sure you pick a model that fits your needs!How much does it cost to insure a 2004 Volvo?
Most drivers will spend an average of between $60 and $90 per month to insure a 2004 Volvo. It depends on the specific model and your own driving history. Plus, rates vary between companies.
Methodology
The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions.
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months).
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings.
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.
Meet Our Experts
R.E. Fulton
Licensed Insurance Agent —Senior Content Writer
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.
As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
Lina Zhang
Licensed Insurance Agent
Licensed in 50 states and Washington DC
Lina Zhang is Vice President of Operations at Jerry. She helped to found Jerry in order to take the confusion and mystery expenses out of car ownership and help drivers achieve financial success. Leading a global team responsible for operations, talent acquisition, legal, and content, Lina has been a key contributor to the AllCar™ app’s 10x growth in its first year of operation. Prior to Jerry, Lina and her Jerry co-founders, Art Agrawal and Musawir Shah, created YourMechanic, the largest on-demand car repair services provider. In one year, Lina built and scaled YourMechanic operations from just five markets to more than 50. The trio left YourMechanic to incubate Jerry at Y Combinator in 2017. Lina’s previous roles include intellectual property attorney at Morrison & Foerster LLP and a biomedical researcher at Stanford University.
Josh Damico
Head Of Insurance Operations
18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities. He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.