Volvo S60 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 12, 2022

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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.

Average insurance rates for a Volvo S60 are $1,020 a year for full coverage insurance. Comprehensive costs on average $172 a year, collision insurance costs $230, and liability is estimated at $460. Liability-only coverage costs approximately $510 a year, and high-risk coverage costs around $2,190. Teens receive the highest rates at up to $4,080 a year.

Average premium for full coverage: $1,020

Rate estimates by individual coverage type:

Comprehensive $172
Collision $230
Liability $460

Price estimates include $500 policy deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all 50 states and S60 trim levels.

Price Range by Coverage and Risk

For the normal driver, prices range range from as low as $510 for a discount liability-only rate to a high of $2,190 for a high-risk driver policy.

Liability Only $510
Full Coverage $1,020
High Risk $2,190

Price Range by Location

Living in a larger city can have significant affects on insurance rates. Rural areas tend to have a lower frequency of physical damage claims than cities with more traffic congestion. The diagram below illustrates how geographic area affects car insurance rates.

Rural Areas $765
Small Cities $1,071
Large Cities $1,377

These examples illustrate why it is important to get quotes based on a specific location and risk profile, instead of using averaged prices.

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.

Rates by State, City, and Model

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

  • The cheapest rate after discounts is $617
  • Choosing higher $1,000 deductibles can save around $926 each year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,020
  • Selecting low $100 deductibles for comp and collision coverage will increase the cost to $1,192
  • Unlucky drivers with serious driving violations could pay upwards of $2,190
  • The cost for full coverage for a teen driver may cost $4,080 each year

View Chart as Image

Volvo S60 insurance cost comparison chart
Column chart showing Volvo S60 insurance rates range from $617 to $4,080 for full coverage

Car insurance rates for a Volvo S60 can also vary considerably based on your driver profile, the model year and trim level, and policy deductibles and limits.

Older drivers with no driving violations and high deductibles may pay as little as $1,000 annually on average for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged upwards of $4,000 a year. View Rates by Age

Where you live plays a big part in determining prices for Volvo S60 insurance prices. A good driver about age 40 could pay as low as $670 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,380 on average in Michigan, New York, and Florida.

Volvo S60 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $922 -$98 -9.6%
Alaska $782 -$238 -23.3%
Arizona $846 -$174 -17.1%
Arkansas $1,020 -$0 0.0%
California $1,162 $142 13.9%
Colorado $974 -$46 -4.5%
Connecticut $1,048 $28 2.7%
Delaware $1,154 $134 13.1%
Florida $1,274 $254 24.9%
Georgia $940 -$80 -7.8%
Hawaii $732 -$288 -28.2%
Idaho $690 -$330 -32.4%
Illinois $758 -$262 -25.7%
Indiana $766 -$254 -24.9%
Iowa $686 -$334 -32.7%
Kansas $968 -$52 -5.1%
Kentucky $1,390 $370 36.3%
Louisiana $1,508 $488 47.8%
Maine $630 -$390 -38.2%
Maryland $842 -$178 -17.5%
Massachusetts $818 -$202 -19.8%
Michigan $1,770 $750 73.5%
Minnesota $854 -$166 -16.3%
Mississippi $1,220 $200 19.6%
Missouri $904 -$116 -11.4%
Montana $1,094 $74 7.3%
Nebraska $804 -$216 -21.2%
Nevada $1,222 $202 19.8%
New Hampshire $736 -$284 -27.8%
New Jersey $1,140 $120 11.8%
New Mexico $902 -$118 -11.6%
New York $1,074 $54 5.3%
North Carolina $586 -$434 -42.5%
North Dakota $834 -$186 -18.2%
Ohio $704 -$316 -31.0%
Oklahoma $1,048 $28 2.7%
Oregon $934 -$86 -8.4%
Pennsylvania $972 -$48 -4.7%
Rhode Island $1,360 $340 33.3%
South Carolina $924 -$96 -9.4%
South Dakota $860 -$160 -15.7%
Tennessee $892 -$128 -12.5%
Texas $1,228 $208 20.4%
Utah $754 -$266 -26.1%
Vermont $698 -$322 -31.6%
Virginia $610 -$410 -40.2%
Washington $788 -$232 -22.7%
West Virginia $934 -$86 -8.4%
Wisconsin $704 -$316 -31.0%
Wyoming $908 -$112 -11.0%

View Chart as Image

Volvo S60 insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles can save as much as $270 every year, while buying higher liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at a minimum $1,200 to $1,700 extra per year, depending on your age. A high-risk auto insurance policy ranges as much as 42% to 131% more than the average policy. View High Risk Driver Rates

Volvo S60 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2012 Volvo S60 $228 $374 $474 $1,234
2007 Volvo S60 $174 $234 $468 $1,034
2006 Volvo S60 $172 $230 $460 $1,020
2005 Volvo S60 $168 $218 $452 $996
2004 Volvo S60 $154 $208 $446 $966
2003 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 Cheaper Volvo S60 Insurance

Saving money on car insurance takes being safe and accident-free, having above-average credit, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to compare rates every time your policy renews by requesting rates from direct insurance companies like GEICO and Progressive, and also from local independent and exclusive agents.

Below you'll find a condensed summary of the information presented in the illustrations above.

  • It is possible to save as much as $110 per year just by quoting early and online
  • Youthful drivers are expensive to insure, costing up to $340 per month if full coverage is included
  • Increasing deductibles can save around $275 each year
  • Higher risk drivers with multiple at-fault accidents pay an average of $1,170 more each year than a low-risk driver
  • Policyholders who require more liability protection will pay approximately $510 annually to raise limits from a minimum limit to 250/500 limits

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 $4,080
20 $2,330
30 $1,038
40 $1,020
50 $936
60 $916

Full coverage, $500 deductibles

Rates by Deductible

Volvo S60 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,192
$250 $1,112
$500 $1,020
$1,000 $926

Full coverage, driver age 40

Rates by Liability Limit

Volvo S60 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,020
50/100 $1,112
100/300 $1,227
250/500 $1,526
100 CSL $1,158
300 CSL $1,411
500 CSL $1,595

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S60 Insurance Rates for High Risk Drivers
Age Premium
16 $5,748
20 $3,708
30 $2,210
40 $2,190
50 $2,096
60 $2,076

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 $136

Potential Rate Discounts

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

Discount Savings
Multi-policy $52
Multi-vehicle $55
Homeowner $18
5-yr Accident Free $63
5-yr Claim Free $64
Paid in Full/EFT $37
Advance Quote $45
Online Quote $69
Total Discounts $403
Rate after discounts $617

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

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