Volvo S60 Insurance Rates

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Trying to find low-cost insurance for a Volvo S60 can turn out to be an all-consuming task, but you can learn our insurance buying tips to find lower rates. There are more efficient ways to compare insurance rates and you need to know the quickest way to compare rates for your Volvo and obtain the lowest possible price from both online companies and local agents. It's a good habit to get comparis...

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Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...

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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 rates for a Volvo S60 are $1,340 a year for full coverage. Comprehensive costs on average $258, collision insurance costs $464, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, and high-risk coverage costs around $2,908. Teenage drivers pay the most at up to $5,128 a year.

Average premium for full coverage: $1,340

Premium estimates by type of coverage:

Comprehensive $258
Collision $464
Liability $460

These estimates include $500 deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all states and for all S60 models.

Insurance Price Range by Risk and Coverage

Using a middle-aged driver as an example, insurance rates for a Volvo S60 range from as low as $510 for your basic liability-only policy to the much higher price of $2,908 for a driver required to buy high-risk insurance.

Liability Only $510
Full Coverage $1,340
High Risk $2,908

Insurance Price Range by Location

Where you live has a large influence on car insurance rates. Rural areas are statistically proven to have a lower frequency of accident claims than densely populated cities. The example below illustrates how where you live affects car insurance rates.

Rural Areas $1,005
Small Cities $1,407
Large Cities $1,809

These rate differences show why everyone should compare prices based on a specific location and risk profile, rather than using average rates.

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.

More Rate Information

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

  • The best discount rate is $774
  • Using higher $1,000 deductibles will save around $164 a year
  • The average rate for a 40-year-old good driver with $500 deductibles is $1,340
  • Using pricier low deductibles for physical damage coverage will increase the cost to $1,658
  • Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,908
  • An auto insurance policy for full coverage for a teenage driver for full coverage may cost $5,128 or more

View Chart as Image

Volvo S60 insurance cost comparison chart
Column chart showing Volvo S60 insurance rates range from $774 to $5,128 for full coverage

Insurance prices for a Volvo S60 also have a wide range based on your driving characteristics, the trim level of your S60, and policy deductibles and limits.

A more mature driver with a clean driving record and high deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers can expect to pay upwards of $5,100 a year. View Rates by Age

Where you choose to live has a huge impact on Volvo S60 insurance rates. A driver around age 40 might see prices as low as $880 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,910 on average in Michigan, Louisiana, and New York.

Volvo S60 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,212 -$128 -9.6%
Alaska $1,028 -$312 -23.3%
Arizona $1,112 -$228 -17.0%
Arkansas $1,340 -$0 0.0%
California $1,526 $186 13.9%
Colorado $1,280 -$60 -4.5%
Connecticut $1,378 $38 2.8%
Delaware $1,516 $176 13.1%
Florida $1,678 $338 25.2%
Georgia $1,236 -$104 -7.8%
Hawaii $962 -$378 -28.2%
Idaho $908 -$432 -32.2%
Illinois $998 -$342 -25.5%
Indiana $1,010 -$330 -24.6%
Iowa $904 -$436 -32.5%
Kansas $1,274 -$66 -4.9%
Kentucky $1,828 $488 36.4%
Louisiana $1,982 $642 47.9%
Maine $828 -$512 -38.2%
Maryland $1,106 -$234 -17.5%
Massachusetts $1,072 -$268 -20.0%
Michigan $2,330 $990 73.9%
Minnesota $1,122 -$218 -16.3%
Mississippi $1,606 $266 19.9%
Missouri $1,190 -$150 -11.2%
Montana $1,440 $100 7.5%
Nebraska $1,058 -$282 -21.0%
Nevada $1,608 $268 20.0%
New Hampshire $966 -$374 -27.9%
New Jersey $1,498 $158 11.8%
New Mexico $1,188 -$152 -11.3%
New York $1,412 $72 5.4%
North Carolina $770 -$570 -42.5%
North Dakota $1,098 -$242 -18.1%
Ohio $926 -$414 -30.9%
Oklahoma $1,378 $38 2.8%
Oregon $1,226 -$114 -8.5%
Pennsylvania $1,278 -$62 -4.6%
Rhode Island $1,788 $448 33.4%
South Carolina $1,214 -$126 -9.4%
South Dakota $1,132 -$208 -15.5%
Tennessee $1,174 -$166 -12.4%
Texas $1,616 $276 20.6%
Utah $994 -$346 -25.8%
Vermont $916 -$424 -31.6%
Virginia $804 -$536 -40.0%
Washington $1,038 -$302 -22.5%
West Virginia $1,230 -$110 -8.2%
Wisconsin $926 -$414 -30.9%
Wyoming $1,194 -$146 -10.9%

View Chart as Image

Volvo S60 insurance rates by U.S. city

Using high physical damage deductibles could cut prices by as much as $490 a year, whereas buying more liability protection will cost you more. Going from a 50/100 limit to a 250/500 limit will cost up to $414 more per year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at a minimum $1,600 to $2,200 extra annually, depending on your age. Volvo S60 insurance for high-risk drivers can be around 43% to 133% more than a normal policy. View High Risk Driver Rates

Volvo S60 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Volvo S60 $346 $660 $390 $1,554
2023 Volvo S60 $332 $656 $398 $1,544
2022 Volvo S60 $320 $640 $416 $1,534
2021 Volvo S60 $310 $612 $430 $1,510
2020 Volvo S60 $292 $592 $442 $1,484
2019 Volvo S60 $282 $548 $452 $1,440
2018 Volvo S60 $270 $516 $456 $1,400
2017 Volvo S60 $258 $464 $460 $1,340
2016 Volvo S60 $242 $426 $460 $1,286
2012 Volvo S60 $206 $314 $478 $1,156
2007 Volvo S60 $168 $218 $452 $996
2006 Volvo S60 $154 $208 $446 $966
2005 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 Find Cheap Volvo S60 Insurance

Finding better rates on auto insurance requires not taking risks behind the wheel, maintaining good credit, not filing small claims, and determing if full coverage is necessary. Take the time to comparison shop at every policy renewal by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from your local insurance agents.

The following is a brief summary of the data touched on in the above illustrations.

  • Consumers who require higher liability limits will pay an extra $510 each year to increase from 30/60 bodily injury limits to 250/500 limits
  • Drivers can save as much as $160 per year just by quoting online well ahead of the renewal date
  • Increasing policy deductibles can save around $475 each year
  • Teens pay the highest prices, as much as $427 per month for full coverage

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 $5,128
20 $3,100
30 $1,388
40 $1,340
50 $1,226
60 $1,202

Full coverage, $500 deductibles

Rates by Deductible

Volvo S60 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,658
$250 $1,510
$500 $1,340
$1,000 $1,176

Full coverage, driver age 40

Rates by Liability Limit

Volvo S60 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,340
50/100 $1,432
100/300 $1,547
250/500 $1,846
100 CSL $1,478
300 CSL $1,731
500 CSL $1,915

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S60 Insurance Rates for High Risk Drivers
Age Premium
16 $7,296
20 $4,940
30 $2,962
40 $2,908
50 $2,780
60 $2,756

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 $188

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $71
Multi-vehicle $72
Homeowner $21
5-yr Accident Free $96
5-yr Claim Free $87
Paid in Full/EFT $59
Advance Quote $65
Online Quote $95
Total Discounts $566
Rate after discounts $774

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

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