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Cheapest Volvo Car Insurance (Jul 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
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Reviewed by Josh Damico, Vice President Insurance Operations
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Edited by Lina Zhang, Licensed Insurance Agent, VP of Operations

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 $2,499 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. 
DateCarInsurance CompanyPremium (monthly)Customer DetailsInsurance coverage
July 18, 2024
Volvo XC90 3.2Nationwide
$79
• 100,000/300,000 Liability
• Comp / Collision
July 12, 2024
Volvo XC90 T6Progressive
$108
• 100,000/300,000 Liability
• Comp / Collision
July 8, 2024
Volvo XC40 T4 MomentumTravelers
$91
• 50,000/100,000 Liability
• Comp / Collision
July 6, 2024
Volvo S80 T6National General
$92
• State Minimum Liability
July 5, 2024
Volvo S60 T5Allstate
$295
• 100,000/300,000 Liability
• Comp / Collision
coverageLast Updated Jul 18, 2024

Best 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 CompanyOverall RatingPriceClaims ExperienceCustomer 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
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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.
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We love saving our customers money. Turns out, they love it too! Here's what they have to say about their switch with Jerry:
Safeco
Great experience definitely recommend
Adrian
Gainsco
GAINSCO has been amazing to us already! Highly recommended
Brooke
Progressive
Switching to Progressive has been a great decision. It's been fast & easy to get car insurance.
Frances
AAA
Aaa has been great to work with. We have had no issues .
Neil

Are Volvos more expensive to insure?

Compared to the average cost of other cars, Volvos cost 13% less to insure. 
Car MakeAverage State Minimum Insurance CostAverage Full Coverage Insurance Cost
Subaru
$85
$155
Buick
$86
$172
Mini
$90
$166
Volvo
$90
$168
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 MakeAverage Monthly State Minimum Insurance CostAverage 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 MakeAverage Monthly State Minimum Insurance CostAverage 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?

Many different factors play a role in
how car insurance is calculated
, such as:
  • 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 best
    reliability 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. 

card cover
Theodore (24 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carVolvo S60 2.5T
$106
per month
card cover
Jeremiah (23 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
carVolvo S80 T6
$124
per month
card cover
Mattie (23 years old)
coverageCoverage
State Minimum
carVolvo S60 2.5T
$217
per month
card cover
Johanna (23 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
locationPricedale, PA
carVolvo S80 T6
$214
per month
card cover
Alex (22 years old)
coverageCoverage
State Minimum
carVolvo V50 2.4i
$115
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.

card cover
Peter (67 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
locationMiami, FL
carVolvo S60
$156
per month
card cover
Kyle (66 years old)
coverageCoverage
State Minimum
locationDallas, TX
carVolvo S60 Premier
$151
per month
card cover
Janie (66 years old)
coverageCoverage
State Minimum
carVolvo S80 V8
$72
per month
card cover
Milton (65 years old)
coverageCoverage
State Minimum
carVolvo XC60 3.2
$110
per month
card cover
Clearcover
Derrick (66 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
carVolvo S60 Dynamic
$96
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 TypeCarInsurance CompanyPremium (monthly)CustomerInsurance coverage
Speeding 1-5
Volvo XC70 3.2Bristol West
$80
• State Minimum Liability
Speeding 6-10
Volvo S90 T6 InscriptionMercury
$288
• 15,000/30,000 Liability
• Comp / Collision
Speeding 11-15
Volvo S60 2.5TNational General
$183
• State Minimum Liability
Speeding 16-20
Volvo XC40 T5 Momentum
Clearcover
$102
• 30,000/60,000 Liability
• Comp / Collision
Speeding 21+
Volvo S60 PremierProgressive
$181
• State Minimum Liability
coverageLast Updated Jul 14, 2024

Cheapest 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.

card cover
Gavin (24 years old)
DUI
coverageCoverage
50,000 per person
100,000 per accident bodily injury
carVolvo V70 XC
$210
per month
card cover
Olga (31 years old)
DUI
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
carVolvo S60 T5
$233
per month
card cover
Ola (49 years old)
DUI
coverageCoverage
50,000 per person
100,000 per accident bodily injury
carVolvo XC60 3.2
$198
per month
card cover
Gainsco
Gilbert (32 years old)
DUI
coverageCoverage
State Minimum
carVolvo S60 T5
$108
per month
card cover
Nelle (39 years old)
DUI
coverageCoverage
50,000 per person
100,000 per accident bodily injury
carVolvo S40 2.4i
$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 typeCarInsurance CompanyPremium (monthly)CustomerInsurance coverage
At Fault With Injury
Volvo S40 2.4iNationwide
$145
• 50,000/100,000 Liability
• Comp / Collision
At Fault With No Injury
Volvo XC40 T5 MomentumAAA
$273
• 100,000/300,000 Liability
• Comp / Collision
At Fault With Injury
Volvo XC60 T6 InscriptionSafeco
$173
• 100,000/300,000 Liability
• Comp / Collision
Not At Fault
Volvo XC90Travelers
$171
• 100,000/300,000 Liability
At Fault With No Injury
Volvo S60 T5Allstate
$295
• 100,000/300,000 Liability
• Comp / Collision
coverageLast Updated Jul 20, 2024

Cheapest 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.

ViolationCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
Illegal Turn
Volvo XC90 3.2Plymouth Rock
$412
• State Minimum Liability
Defective Equipment
Volvo XC90 V8Progressive
$112
• State Minimum Liability
Failure to Obey Signal
Volvo XC40 T5 MomentumAAA
$273
• 100,000/300,000 Liability
• Comp / Collision
Careless Driving
Volvo XC90Allstate
$66
• 50,000/100,000 Liability
Driving on Sus. License
Volvo XC90 SportMercury
$323
• State Minimum Liability
• Comp / Collision
Failure to Yield
Volvo C30 T5Travelers
$75
• 100,000/300,000 Liability
• Comp / Collision
Improper Passing
Volvo S80 V8
Gainsco
$298
• 30,000/60,000 Liability
• Comp / Collision
coverageLast Updated Jul 20, 2024

How 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 coverage
    is 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 insurance
    with the same company can unlock a nice discount.
  • Ask about discounts: While not specific to Volvo, many companies offer
    car insurance discounts
    for 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 consider
    reducing coverage
    on your collision and comprehensive insurance.

FAQs

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. 
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.
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. 
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.
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.
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).
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!
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

avatar
R.E. Fulton
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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.
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Lina Zhang
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Licensed Insurance Agent
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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.
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Josh Damico
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Head Of Insurance Operations
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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.