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 insurance rates for a Volvo S60 are $1,340 a year for full coverage. Comprehensive costs approximately $258 each year, collision costs $464, and liability insurance is $460. A liability-only policy costs around $510 a year, with high-risk insurance costing around $2,908. Teens receive the highest rates at $5,128 a year or more.

Average premium for full coverage: $1,340

Rate estimates by individual coverage type:

Rates are based on $500 physical damage insurance deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all states and S60 models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on car insurance rates. Rural locations tend to have a lower frequency of accident claims than cities with more traffic congestion.

The graphic below illustrates how geographic area affects auto insurance prices.

These examples show why all drivers should compare rates quotes using their specific location and risk profile, rather than relying on averaged prices.

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

Rate Comparisons

The chart below shows estimated Volvo S60 insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $774
• Raising to $1,000 deductibles will save $164 a year
• The average rate for a 40-year-old driver who chooses $500 deductibles is $1,340
• Selecting low deductibles will increase the cost to $1,658
• Higher-risk drivers with serious driving violations could pay around $2,908 or more
• The cost for full coverage for a teen driver can cost $5,128

View Chart as Image

Insurance rates for a Volvo S60 can also vary considerably based on your driver profile, the trim level of your S60, and physical damage deductibles and liability limits.

More mature drivers with a clean driving record and high deductibles could pay as little as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay in the ballpark of $5,100 a year. View Rates by Age

Where you live also has a big influence on Volvo S60 insurance rates. A middle-age driver might find rates as low as $880 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,910 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $490 each year, whereas increasing liability limits will push rates upward. Going from a 50/100 limit to a 250/500 limit will cost as much as $414 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying anywhere from $1,600 to $2,200 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 133% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to do a rate comparison from as many companies as possible. Every auto insurance company calculates rates differently, so the rates can be significantly different from one company to the next.

How to Find the Best Cheap Volvo S60 Insurance

Saving money on Volvo S60 insurance consists of being a low-risk driver, maintaining good credit, eliminating unneeded coverage, and maximizing policy discounts. Invest the time to compare rates at least once a year by getting quotes from direct carriers like GEICO and Progressive, and also from local exclusive and independent agents.

The items below are a quick review of the primary concepts that were presented in the illustrations above.

• Drivers can save around $160 per year simply by quoting online in advance
• High-risk drivers with a DUI or reckless driving violation may pay on average $1,570 more per year to insure their S60
• Increasing deductibles can save around $475 each year
• Teen drivers are expensive to insure, costing as high 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.

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.