Best Car Insurance for Volvo 2022

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Car Insurance for Volvo

On average, Volvo drivers pay ${annualpremium} each year for car insurance. But depending on the model you have, your insurance rates could vary. A 245 Dl costs $1,303 less more per year to insure than a 240.
Swedish automaker Volvo specializes in upscale sedans, SUVs, hatchbacks, and wagons. Volvo’s prices are often competitive with, if not more affordable than, other luxury makes, like Jaguar and Audi.
If a Volvo is the right car for you, make sure to keep it protected with the right car insurance policy.
Your insurance will be based on the model you choose, along with factors unique to you.
Fortunately, the car insurance super app Jerry can help you find the best prices for the coverage you need. In just 45 seconds, Jerry will find you quotes from over 50 top insurance companies, so you know you’re always getting the best price for the coverage you need.
Here are some real quotes from Jerry customers who saved money when insuring their Volvo.
Quote DateCarCity, StateZip CodeAgeCarrier
Before Jerry
After Jerry
March 13, 2021Volvo S60 2.5TDravosburg, PA1503428Progressive$160/mo.$63/mo.
January 28, 2021Volvo Xc60 3.2Port Saint Lucie, FL3495231Progressive$202/mo.$91/mo.
July 12, 2021Volvo Xc90 T6Worcester, MA0161033Safeco$150/mo.$91/mo.
September 7, 2021Volvo S60 2.4TOrlando, FL3281231Mercury$125/mo.$94/mo.
May 16, 2021Volvo S60 2.5TPhoenix, AZ8502219Kemper$287/mo.$248/mo.
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Insurance for Volvo models

The model and age of the Volvo you choose can be used to make a rough estimate of your insurance rates.

Insurance for Volvo based on the year of the car

Everyone likes the feeling of driving a brand-new car off the lot—but the downside of getting a new car is that you’ll have to pay more for insurance than for an older model.
A car loses 23.5% of its value in the first year of ownership alone and up to 60% in five years (according to Edmunds). As the car depreciates, the costs to repair or replace it decrease, which will make your insurance less expensive.
Additionally, if you’re leasing or financing a newer Volvo, you will be required to pay for full-coverage insurance, which is substantially more expensive than the state minimum requirements alone.
According to Jerry’s internal data, the cheapest years for Volvos are 1991 and 1993.
The most expensive years for Volvos are 2020 and 2011.
Year
Average Cost
Annual Savings with Jerry
2022$2,520$952Compare Prices
2021$1,772$319Compare Prices
2020$3,520$741Compare Prices
2019$2,204$601Compare Prices
2018$3,165$1,095Compare Prices
2017$3,044$930Compare Prices
2016$3,025$892Compare Prices
2015$2,113$416Compare Prices
2014$2,835$1,011Compare Prices
2013$2,768$1,002Compare Prices
2012$3,574$1,378Compare Prices
2011$3,468$817Compare Prices
2010$2,125$833Compare Prices
2009$2,629$722Compare Prices
2008$3,191$1,632Compare Prices
2007$2,346$920Compare Prices
2006$2,922$1,248Compare Prices
2005$2,027$613Compare Prices
2004$2,134$896Compare Prices
2003$3,855$1,254Compare Prices
2002$1,775$426Compare Prices
2001$1,833$437Compare Prices
2000$2,058$522Compare Prices
1999$3,811$2,058Compare Prices
1998$1,542$621Compare Prices
1997$2,433$549Compare Prices
1996$3,408$1,178Compare Prices
1993$1,606$712Compare Prices
1992$1,896$388Compare Prices
1991$996$264Compare Prices
Key Takeaway Older Volvos typically cost less to repair or replace than newer ones and may not be leased or financed, so they tend to have lower insurance premiums.
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Insurance for different models of Volvo

Volvos are considered luxury vehicles, so you can expect them to come with relatively high insurance costs.
While age plays a part in setting insurance premiums, the car’s model is an even more important factor.
Models that have lower purchase prices, higher safety ratings, and are easier to replace—often sedans or compact SUVs—often cost less to insure than more expensive and harder-to-replace models, like large SUVs and sporty coupes.
For instance, the larger XC90 costs more than the Volvo average to insure, while the simpler V70 costs much less than the Volvo average to insure.
If you want to learn more about car insurance costs for some of the most popular Volvo models, check out the links below.
Key Takeaway Your car model affects your insurance rates. The more expensive the car, the more insurance usually costs.
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Full coverage vs. minimum coverage for your Volvo

In almost every state, you are required to purchase minimum amounts of liability insurance before you can hit the road.
Typical state liability requirements include:
Coverage typeProtection offered
Bodily injury liability (per person and accident)Pays for the costs associated with the injuries you’ve caused to others
Property damage liability (per accident)Pays for the costs associated with the damage you cause to other people’s vehicles or property
As noted above, liability insurance only covers the damage you cause to other drivers and their property.
Some states also require uninsured or underinsured motorist protection to cover damages if you’re in an accident with an uninsured or underinsured driver. Your state may also require personal injury protection (PIP) to pay for your medical expenses—especially if you live in a no-fault state.
If you can afford it, it’s always a good idea to purchase additional coverage—especially if you drive an expensive Volvo.
Full-coverage insurance is a great place to start. Full coverage usually includes the following two coverages:
Coverage typeProtection offered
Collision coverageCovers the costs associated with collisions with another vehicle or object
Comprehensive coverageCovers costs of damages from an event other than a collision, like a weather event, theft, or vandalism.
The average annual insurance premium for a Volvo is $1,606 per year for minimum car insurance and $1,220 for full-coverage insurance. When you consider all makes and models, the average insurance premium in the US is $1,764 per year for minimum car insurance and $2,486 for full-coverage insurance.
Here’s what it costs to insure a Volvo with minimum coverage and full coverage before and after switching with Jerry.
All Coverage Before Jerry
All Coverage After Jerry
Minimum Coverage Before Jerry
Minimum Coverage After Jerry
Full Coverage Before Jerry
Full Coverage After Jerry
Volvo$2,325$1,519$1,947$1,255$3,786$1,300
Volvo
All Coverage Before Jerry
$2,325
All Coverage After Jerry
$1,519
Minimum Coverage Before Jerry
$1,947
Minimum Coverage After Jerry
$1,255
Full Coverage Before Jerry
$3,786
Full Coverage After Jerry
$1,300
As is true of most makes, a more expensive car will be more expensive to insure. Since Volvo is a high-end brand, you can expect to pay more for insurance than if you were to insure a budget-class vehicle. Compared to the insurance costs for other luxury makes, Volvos cost less than Porsches and Jaguars, but about the same as Lincolns. If you’re comparing the prices of insurance for similar cars, here are the insurance costs for other brands:
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What impacts your insurance costs for Volvo

Your car’s make, model, and age can give you an idea of your insurance price range, but your individual factors greatly influence exactly how much your premiums will cost.

Your Volvo trim

While some Volvo models—like the V70—cost less than others—like the XC90—the way your car is customized can influence your rates.
Most models are offered with different trim levels—versions of the same model that includes different features—and a higher trim can come with pricier insurance premiums.
If you upgrade the XC60 to a higher level trim, like the XC60 R-Design, you’ll get better performance and comfort features, but your insurance costs will also increase because your car is now worth more.

Your insurance company

With an overwhelming number of insurance carriers out there, it may seem easiest just to stick with your current provider if you’re switching over to a Volvo—but this isn’t always the smartest choice for your wallet.
The best way to make sure you’re not overpaying for the coverage your Volvo needs is to shop around for quotes from multiple providers. However, comparing rates can take time and be incredibly monotonous—especially if you’re doing all of the research for insuring your Volvo yourself. That’s where Jerry can help. All it takes is a quick 45-second sign-up, and you’ll be able to compare competitive quotes from dozens of top insurers. Since Jerry reviews your policy every 6 months, you can be sure that you’re never missing out on new chances to save, either. Here’s what Volvo drivers paid for car insurance before and after switching with Jerry:
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Your age

While you can’t control it, your age is a major factor insurance companies look at when calculating your rates.
The youngest drivers (usually people under 25) pay the highest insurance premiums because they are statistically more likely than any other age group to get in an accident.
As you age, you’ll likely find that your premiums steadily decrease.

Your driving record

Another major factor used in determining your car insurance premiums is your driving record.
Insurance providers will also charge rates to drivers who are high-risk due to a history of infractions. Some offenses, like DUIs, may make it difficult for drivers to obtain coverage at all.
Luckily, you have a shot at reducing your insurance rates by taking a state-approved defensive driving course and monitoring your driving behavior over time.
Here are some common insurance premiums for Volvo drivers with previous infractions:
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Where you live

Finally, where you live can have a major impact on how much you have to pay for insurance.
Insurers consider things like a city’s accident rates and property crime rates when assessing their risk of making a payment.
If insurers anticipate having to deal with large numbers of claims due to high rates of vandalism or property damage from a tropical storm, for instance, they will charge everyone residing in the area higher premiums to mitigate their losses upfront. According to our data, there is a high percentage of Volvo drivers in cities including Newport News (VA), Coachella (CA), Hillcrest Heights (MD), New Haven (CT) and Advance (NC). The cheapest car insurance for Volvo for Jerry users is in Simi Valley (CA) and Downingtown (PA). The most expensive car insurance for Volvo for Jerry users is in Los Angeles (CA) and Louisville (KY).
Regardless of where you live, your demographics, or the model of Volvo you drive, you can find the best rates on car insurance by shopping with Jerry.
Jerry is powered by the latest in technology and a real team of knowledgeable staff—so if you ever have any questions during your insurance shopping process, help is only a quick call away.

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