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.

Estimated insurance rates for a Volvo S60 are $1,340 a year with full coverage. Comprehensive insurance costs an estimated $258, collision insurance costs $464, and liability is $460. A policy with only liability insurance costs around $510 a year, and a high-risk policy costs $2,908 or more. Teen drivers pay the most at up to $5,128 a year.

Average premium for full coverage: $1,340

Premium estimates broken down by type of coverage:

Comprehensive $258
Collision $464
Liability $460

Includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all U.S. states and for different S60 trim levels.

Insurance Price Range by Risk and Coverage

For the average driver, insurance rates for a Volvo S60 range from the low end price of $510 for your basic liability-only policy to a much higher rate of $2,908 for a driver who requires high-risk insurance.

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

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations are statistically proven to have lower incidents of collision claims than larger metro areas. The price range example below illustrates how location impacts insurance prices.

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

These rate differences demonstrate why anyone shopping for car insurance should compare rates quotes for a targeted area, instead of using price 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.

More Rate Information

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

  • The lowest rate with discounts is $774
  • Raising to $1,000 deductibles will save approximately $164 annually
  • The estimated price for a 40-year-old good driver who has $500 deductibles is $1,340
  • Choosing more expensive low deductibles will cost an additional $318 every year
  • At-risk drivers with multiple violations and an at-fault accident could pay up to $2,908
  • An auto insurance policy that insures a teen driver with full coverage can cost as much as $5,128

View Chart as Image

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

Car insurance prices for a Volvo S60 also have a wide range based on the model year and trim level, your age and driving habits, and liability limits and deductibles.

If you have a few violations or you caused an accident, you may be forking out $1,600 to $2,200 extra annually, depending on your age. High-risk driver insurance is expensive and can cost as much as 43% to 133% more than average. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged at least $5,100 a year. View Rates by Age

Where you choose to live also has a big influence on Volvo S60 insurance prices. A middle-age driver might find prices as low as $970 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,810 on average in New York, Michigan, and Florida.

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

Choosing high deductibles can reduce prices by up to $490 every year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

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 the Cheapest Volvo S60 Insurance

Finding better rates on car insurance consists of avoiding accidents and claims, having a positive credit history, being claim-free, and possibly higher deductibles. Shop around at every other renewal by getting rate quotes from direct companies, and also from insurance agencies where you live.

The points below are a recap of the concepts that were touched on above.

  • Higher risk drivers that have major violations or accidents could be forced to pay on average $1,570 more annually to insure a Volvo S60
  • Drivers under the age of 20 have the highest car insurance prices, possibly costing $427 per month if full coverage is purchased
  • You may be able to save approximately $160 per year just by shopping early and online
  • Increasing policy deductibles can save approximately $475 each year
  • You may be able to save approximately $160 per year just by shopping early and online

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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