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.

Average auto insurance rates for a Volvo S60 are $1,340 annually including full coverage. Comprehensive costs around $258 a year, collision insurance costs $464, and liability coverage costs $460. Buying just liability costs as little as $510 a year, and insurance for high-risk drivers costs around $2,908. 16-year-old drivers receive the highest rates at up to $5,128 a year.

Average premium for full coverage: $1,340

Rate estimates for individual coverage type:

Price estimates include $500 deductible amounts, split liability limits of 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and S60 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on the price of insurance. Areas with sparse population tend to have fewer comprehensive and collision claims than congested cities. The diagram below illustrates how where you live affects auto insurance rates.

These examples highlight why it is important to compare rates for a specific zip code and their own personal driving habits, rather than using rate averages.

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

Rates by State, City, and Model

The chart below breaks down average Volvo S60 insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $774
• Drivers who choose higher $1,000 deductibles will pay about $1,176 every year
• The estimated rate for a 40-year-old driver using $500 deductibles is $1,340
• Buying low $100 deductibles for comprehensive and collision insurance will cost $1,658
• High-risk insureds with multiple tickets or accidents could pay at least $2,908
• The cost with full coverage for a teenage driver can be $5,128 a year

View Chart as Image

Auto insurance rates for a Volvo S60 can also vary considerably based on the trim level of your S60, your driving characteristics, and deductibles and policy limits.

Older drivers with a good driving record and high physical damage deductibles may only pay around $1,300 per year on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay as much as $5,100 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying at least $1,600 to $2,200 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost around 43% to 133% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could save up to $490 a year, while buying higher liability limits will increase rates. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Volvo S60 insurance rates. A 40-year-old driver could pay as low as $1,030 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,910 on average in Michigan, New York, and Louisiana.

View Chart as Image

How to Buy Cheaper Volvo S60 Insurance

Saving money on auto insurance not only requires having a good driving record, but also having above-average credit, not filing small claims, and possibly raising deductibles. Take the time to comparison shop at least once a year by requesting rates from direct car insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The next list is a condensed summary of the primary concepts that were touched on in the above illustrations.

• You may be able to save up to $160 per year just by quoting early and online
• Drivers with multiple at-fault accidents may pay on average $1,570 more every year to buy Volvo S60 insurance
• Increasing deductibles could save up to $475 each year
• Drivers age 20 and younger are expensive to insure, as much as $427 per 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.