Volvo S60 Insurance Rates
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UPDATED: Jun 1, 2024
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Are you searching for cheap Volvo S60 car insurance? The average Volvo S60 insurance rates are $131 per month or $1,580 a year. However, many factors impact your Volvo insurance costs, like your age and driving record.
Even the age of your model can affect your insurance premiums. For example, the 2004 Volvo S60 insurance costs will be much lower than the 2013 Volvo S60 insurance costs.
Read our guide to learn what drivers can do to save on the cost of insuring a Volvo S60 and secure cheap car insurance.
Ready to start shopping around for Volvo S60 insurance rates? Enter your five-digit ZIP code in our FREE quote comparison tool to get started.
Estimated insurance prices for a Volvo S60 are $1,286 every 12 months with full coverage. Comprehensive costs around $242, collision insurance costs $426, and liability is $460. Liability-only coverage costs around $510 a year, and high-risk coverage costs around $2,790. Teen drivers pay the most at up to $4,956 a year.
Average premium for full coverage: $1,286
Premium estimates for type of coverage:
Full coverage includes $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and for all S60 models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Volvo S60 range from the cheapest price of $510 for minimum levels of liability insurance to the much higher price of $2,790 for a high-risk driver policy.
Insurance Price Range by Location
Choosing to live in a large city can have significant affects on insurance rates. Areas with sparse population are statistically proven to have more infrequent collision claims than larger metro areas. The example below illustrates how location impacts auto insurance rates.
These rate differences demonstrate why everyone should compare rates quotes for a specific zip code and their own driving history, instead of using price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Details
The chart below details average Volvo S60 insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $749
- Raising to $1,000 deductibles will save about $152 annually
- The average price for a 40-year-old good driver using $500 deductibles is $1,286
- Choosing pricier low deductibles increases the price to $1,582
- At-risk drivers with multiple violations and an at-fault accident could pay at least $2,790
- An auto insurance policy to insure a teen driver for full coverage can be $4,956
Insurance prices for a Volvo S60 also have a wide range based on physical damage deductibles and liability limits, your driving record, and the trim level and model year.
Choosing high deductibles can reduce prices by up to $450 every year, whereas buying more liability protection will increase prices. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $414 more per year. View Rates by Deductible or Liability Limit
A more mature driver with a clean driving record and higher deductibles may pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers can expect to pay as much as $4,900 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you may be forking out at least $1,500 to $2,100 extra annually, depending on your age. Volvo S60 insurance for high-risk drivers is expensive and can cost as much as 42% to 130% more than average. View High Risk Driver Rates
Where you choose to live also has a big influence on Volvo S60 insurance prices. A middle-age driver might find prices as low as $930 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,740 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,164 | -$122 | -9.5% |
| Alaska | $986 | -$300 | -23.3% |
| Arizona | $1,068 | -$218 | -17.0% |
| Arkansas | $1,286 | -$0 | 0.0% |
| California | $1,466 | $180 | 14.0% |
| Colorado | $1,230 | -$56 | -4.4% |
| Connecticut | $1,322 | $36 | 2.8% |
| Delaware | $1,456 | $170 | 13.2% |
| Florida | $1,608 | $322 | 25.0% |
| Georgia | $1,188 | -$98 | -7.6% |
| Hawaii | $924 | -$362 | -28.1% |
| Idaho | $870 | -$416 | -32.3% |
| Illinois | $958 | -$328 | -25.5% |
| Indiana | $968 | -$318 | -24.7% |
| Iowa | $868 | -$418 | -32.5% |
| Kansas | $1,222 | -$64 | -5.0% |
| Kentucky | $1,756 | $470 | 36.5% |
| Louisiana | $1,904 | $618 | 48.1% |
| Maine | $794 | -$492 | -38.3% |
| Maryland | $1,062 | -$224 | -17.4% |
| Massachusetts | $1,030 | -$256 | -19.9% |
| Michigan | $2,234 | $948 | 73.7% |
| Minnesota | $1,076 | -$210 | -16.3% |
| Mississippi | $1,540 | $254 | 19.8% |
| Missouri | $1,140 | -$146 | -11.4% |
| Montana | $1,382 | $96 | 7.5% |
| Nebraska | $1,014 | -$272 | -21.2% |
| Nevada | $1,544 | $258 | 20.1% |
| New Hampshire | $928 | -$358 | -27.8% |
| New Jersey | $1,438 | $152 | 11.8% |
| New Mexico | $1,140 | -$146 | -11.4% |
| New York | $1,354 | $68 | 5.3% |
| North Carolina | $742 | -$544 | -42.3% |
| North Dakota | $1,052 | -$234 | -18.2% |
| Ohio | $888 | -$398 | -30.9% |
| Oklahoma | $1,322 | $36 | 2.8% |
| Oregon | $1,178 | -$108 | -8.4% |
| Pennsylvania | $1,226 | -$60 | -4.7% |
| Rhode Island | $1,716 | $430 | 33.4% |
| South Carolina | $1,164 | -$122 | -9.5% |
| South Dakota | $1,086 | -$200 | -15.6% |
| Tennessee | $1,128 | -$158 | -12.3% |
| Texas | $1,552 | $266 | 20.7% |
| Utah | $952 | -$334 | -26.0% |
| Vermont | $882 | -$404 | -31.4% |
| Virginia | $770 | -$516 | -40.1% |
| Washington | $996 | -$290 | -22.6% |
| West Virginia | $1,178 | -$108 | -8.4% |
| Wisconsin | $892 | -$394 | -30.6% |
| Wyoming | $1,148 | -$138 | -10.7% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Volvo S60 | $332 | $656 | $398 | $1,544 |
| 2023 Volvo S60 | $320 | $640 | $416 | $1,534 |
| 2022 Volvo S60 | $310 | $612 | $430 | $1,510 |
| 2021 Volvo S60 | $292 | $592 | $442 | $1,484 |
| 2020 Volvo S60 | $282 | $548 | $452 | $1,440 |
| 2019 Volvo S60 | $270 | $516 | $456 | $1,400 |
| 2018 Volvo S60 | $258 | $464 | $460 | $1,340 |
| 2017 Volvo S60 | $242 | $426 | $460 | $1,286 |
| 2016 Volvo S60 | $234 | $400 | $464 | $1,256 |
| 2012 Volvo S60 | $192 | $288 | $474 | $1,112 |
| 2007 Volvo S60 | $154 | $208 | $446 | $966 |
| 2006 Volvo S60 | $150 | $198 | $442 | $948 |
Rates are averaged for all Volvo S60 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for More Affordable Volvo S60 Insurance
Finding better rates on car insurance consists of having a decent driving record, having good credit, being claim-free, and dropping full coverage on older vehicles. Spend time shopping around every time your policy renews by getting quotes from direct companies, and also from several local insurance agents.
The following items are a summary of the information touched on above.
- You may be able to save up to $150 per year just by quoting online well ahead of the renewal date
- 16 to 18-year-old drivers pay higher prices, possibly costing $413 per month if they have full coverage
- Increasing policy deductibles could save as much as $450 each year
- Higher risk drivers who have multiple accidents or major violations pay on average $1,500 more every year than a driver with a clean driving record
- Policyholders who may need additional liability coverage will pay about $510 every year to raise from 30/60 bodily injury limits to a 250/500 level
So, is insurance on a Volvo expensive? As you’ve learned from the information above, the Volvo S60 average insurance costs depend on many different factors. The slightly older 2012 Volvo S60 insurance costs will be lower than insuring a newer 2020 model.
Ready to start shopping to find the cheapest Volvo S60 rates? Whether you are shopping for Volvo G60 insurance or just Volvo insurance costs, enter your ZIP code in our FREE tool below to get started.
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What are the safety ratings of the Volvo S60?
Good Volvo S60 safety ratings can help drivers save on car insurance. The Volvo S60 has some good safety features, such as a blind-spot monitor, auto-leveling headlights, lane departure warning, and lane-keeping assist.
The 2020 Volvo S60 also won the Insurance Institute for Highway Safety’s 2020 Top Safety Pick award because of the following crash test ratings:
- Small overlap front (driver-side): Good
- Small overlap front (passenger-side): Good
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
The good news is that these perfect safety ratings will help keep your Volvo S60 insurance rates low.
You may be wondering, if the Volvo S60 is so safe, then why are Volvos so expensive to insure? Despite the phenomenal safety ratings, the maintenance costs for this car also impact your insurance rates.
Volvo is a luxury car brand. Luxury vehicles usually cost more to fix and maintain. To make up for those extra expenses, insurance companies often charge higher than average premiums for these types of cars.
The Volvo S60 maintenance costs can rise above $700 annually, which is a little higher than average and may cause your premiums to go up. Many consumers who drive a luxury car also purchase fuller coverage insurance policies to protect their assets, which will also lead to higher premiums.
Volvo S60 Compared Against Other Vehicles in the Same Class
Comparing the Volvo S60 to similar vehicles can help you save money, especially if the Volvo S60 has better insurance loss ratios than other vehicles in its class. Officially, the Insurance Information Institute classifies the Volvo S60 as a midsize luxury car.
Take a look at the list below to see how other midsize luxury cars’ rates compare to the Volvo S60.
Fortunately, the property damage, comprehensive, and personal injury liability insurance losses for the Volvo S60 are better than average at -21 percent, – 24 percent, and -23 percent respectively in comparison to other midsize luxury cars.
You’re now an expert on Volvo S60 insurance rates. To review, why is Volvo insurance so expensive? High insurance premiums have more to do with the driver than the car, maintaining a clean driving record and comparison shopping will always help you secure your cheapest insurance rates.
Now you’re ready to start shopping for cheap Volvo S60 insurance rates, just enter your five-digit ZIP code in our FREE quote comparison tool to get started.
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,956 |
| 20 | $2,972 |
| 30 | $1,330 |
| 40 | $1,286 |
| 50 | $1,178 |
| 60 | $1,154 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,582 |
| $250 | $1,444 |
| $500 | $1,286 |
| $1,000 | $1,134 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,286 |
| 50/100 | $1,378 |
| 100/300 | $1,493 |
| 250/500 | $1,792 |
| 100 CSL | $1,424 |
| 300 CSL | $1,677 |
| 500 CSL | $1,861 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,044 |
| 20 | $4,740 |
| 30 | $2,838 |
| 40 | $2,790 |
| 50 | $2,666 |
| 60 | $2,642 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $68 |
| Multi-vehicle | $69 |
| Homeowner | $20 |
| 5-yr Accident Free | $90 |
| 5-yr Claim Free | $83 |
| Paid in Full/EFT | $55 |
| Advance Quote | $62 |
| Online Quote | $90 |
| Total Discounts | $537 |
Discounts are estimated and may not be available from every company or in every state.
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