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.

U.S. average insurance prices for a Volvo S60 are $1,286 every 12 months for full coverage. Comprehensive insurance costs an estimated $242 a year, collision insurance costs $426, and liability is $460. A policy with just liability insurance costs around $510 a year, and coverage for high-risk drivers costs $2,790 or more. 16-year-old drivers pay the highest rates at up to $4,956 a year.

Average premium for full coverage: $1,286

Price estimates broken down by individual coverage:

Comprehensive $242
Collision $426
Liability $460

These estimates include $500 deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all states and S60 trim levels.

Price Range from Low to High

For the normal driver, Volvo S60 insurance prices range from the cheapest price of $510 for the bare minimum liability coverage to a high of $2,790 for high-risk insurance.

Liability Only $510
Full Coverage $1,286
High Risk $2,790

Geographic Price Range

Choosing to live in a large city can make a big difference on insurance rates. More rural locations have more infrequent accident claims than congested cities. The diagram below illustrates how geographic area affects insurance prices.

Rural Areas $965
Small Cities $1,350
Large Cities $1,736

The ranges above show why it is important to compare rates quotes for a targeted area 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.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Information

The chart below shows average Volvo S60 insurance rates for other coverage scenarios.

  • The best full coverage rate is $749
  • Raising to $1,000 deductibles will save approximately $1,134 a year
  • The average price for the average middle-age driver who has $500 deductibles is $1,286
  • Buying low $100 deductibles costs an extra $296 annually
  • Drivers with multiple tickets or accidents could pay up to $2,790
  • The price to insure a 16-year-old driver can cost as much as $4,956

View Chart as Image

Volvo S60 insurance cost comparison chart
Column chart showing Volvo S60 insurance prices range from $749 to $4,956 for full coverage

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

Opting for high physical damage deductibles can reduce prices by up to $450 annually, while buying higher liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as low as $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay at least $4,900 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,500 to $2,100 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 42% to 130% more than the average rate. View High Risk Driver Rates

The state you live in also has a big influence on Volvo S60 insurance prices. A middle-age driver might find prices as low as $850 a year in states like Iowa, Maine, and Idaho, or at least $1,840 on average in New York, Louisiana, and Michigan.

Volvo S60 Insurance Rates by State
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%

View Chart as Image

Volvo S60 insurance rates by U.S. city
Volvo S60 Insurance Rates by Model Year
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 Cheap Volvo S60 Insurance

Getting lower rates on insurance for a Volvo S60 consists of not taking risks behind the wheel, having good credit, eliminating unnecessary coverage, and deciding if full coverage is necessary. Invest the time to compare rates every couple of years by quoting rates from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following is a brief summary of the material that was presented in the illustrations above.

  • Insureds who want higher liability limits will pay around $510 each year to raise from a low limit to a 250/500 level
  • Teens are charged the highest prices, with premiums as much as $413 a month if they have full coverage
  • Drivers considered higher risk that tend to have accidents or serious violations pay on average $1,500 more annually for S60 insurance
  • Increasing physical damage deductibles could save as much as $450 each year

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.

Rates by Driver Age

Volvo S60 Insurance 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

Volvo S60 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,582
$250 $1,444
$500 $1,286
$1,000 $1,134

Full coverage, driver age 40

Rates by Liability Limit

Volvo S60 Insurance Rates with Different Liability Limits
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

Volvo S60 Insurance 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.

SR-22 Surcharge $180

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
Rate after discounts $749

Discounts are estimated and may not be available from every company or in every state.

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