Volvo S60 Insurance Rates

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.

U.S. average insurance prices for a Volvo S60 are $1,340 every 12 months for full coverage. Comprehensive costs on average $258 a year, collision costs $464, and liability costs around $460. Buying just liability costs as low as $510 a year, with insurance for high-risk drivers costing around $2,908. 16-year-old drivers pay the highest rates at $5,128 a year or more.

Average premium for full coverage: $1,340

Price estimates by individual coverage:

Includes $500 physical damage deductibles, split liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all states and S60 trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on car insurance rates. Rural areas have more infrequent accident claims than congested cities.

The diagram below illustrates the difference location can make on car insurance rates.

The ranges above show why it is important to compare prices based on a specific location and their own driving history, instead of making a decision based on rate averages.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below shows estimated Volvo S60 insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $774
• Using higher $1,000 deductibles will save around $1,176 a year
• The average price for the average middle-age driver with $500 deductibles is $1,340
• Buying low $100 deductibles for physical damage coverage increases the price to $1,658
• High-risk insureds with multiple tickets or accidents could pay upwards of $2,908 or more
• The price to insure a 16-year-old driver may cost $5,128 or more

View Chart as Image

Insurance prices for a Volvo S60 are also quite variable based on deductibles and policy limits, your driver profile, and the trim level of your S60.

Opting for high physical damage deductibles could cut prices by as much as $490 annually, while buying higher liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may pay as low as $1,300 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers should be prepared to pay upwards of $5,100 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying at a minimum $1,600 to $2,200 additional each year, depending on your age. A high-risk auto insurance policy can be from 43% to 133% more than the average rate. View High Risk Driver Rates

The state you live in has a huge impact on Volvo S60 insurance prices. A driver around age 40 might see prices as low as $880 a year in states like Idaho, Maine, and Iowa, or at least $1,910 on average in Michigan, Louisiana, and New York.

View Chart as Image

Since prices can be so different, the only way to know exactly what you will pay is to get quotes from multiple companies. Each insurance company utilizes a different rate formula, and prices may be quite different.

How to Shop for the Cheapest Volvo S60 Insurance

Getting lower rates on insurance for a Volvo S60 requires being a safe and courteous driver, having above-average credit, eliminating unnecessary coverage, and insuring your home and auto with the same company. Make time to compare rates at least once a year by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

Below is a recap of the primary concepts that were touched on in this article.

• Drivers can save as much as $160 per year simply by quoting early and online
• Drivers considered higher risk that have major violations or accidents pay an average of $1,570 more each year for auto insurance
• Increasing physical damage deductibles could save as much as $475 each year
• Teenage drivers pay higher prices, with premiums as much as $427 a month if full coverage is included

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.

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.

• Acura TLX
• Audi A3
• Jaguar XE

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.