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: 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 auto insurance rates for a Volvo S60 are $1,400 annually for full coverage insurance. Comprehensive insurance costs on average $270 each year, collision costs $516, and liability costs around $456. A policy with only liability insurance costs as low as $508 a year, with a high-risk policy costing $3,048 or more. 16-year-old drivers pay the most at $5,330 a year or more.

Average premium for full coverage: $1,400

Premium estimates by type of coverage:

Comprehensive $270
Collision $516
Liability $456

Includes $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 states and S60 models.

Insurance Price Range by Risk and Coverage

For the average 40-year-old driver, insurance rates for a Volvo S60 go from as cheap as $508 for liability-only coverage to a high rate of $3,048 for a driver who has had serious violations or accidents.

Liability Only $508
Full Coverage $1,400
High Risk $3,048

Insurance Price Range by Location

Where you live can have significant affects on insurance rates. Rural areas are statistically proven to have fewer physical damage claims than congested cities.

The graphic below illustrates the difference location can make on car insurance rates.

Rural Areas $1,050
Small Cities $1,470
Large Cities $1,890

These rate differences illustrate why all drivers should compare prices based on a specific location and their own personal driving habits, instead of using rate 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.

Additional Charts and Tables

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

  • The best full coverage rate is $803
  • Using higher $1,000 deductibles will save around $176 each year
  • The estimated rate for a 40-year-old good driver with $500 deductibles is $1,400
  • Buying low deductibles for physical damage coverage costs an additional $350 every year
  • Drivers with multiple tickets or accidents could pay upwards of $3,048 or more
  • An auto insurance policy with full coverage for a teen driver may cost $5,330 or more

View Chart as Image

Volvo S60 insurance cost comparison chart
Column chart showing full coverage Volvo S60 insurance prices range from $803 to $5,330

Car insurance prices for a Volvo S60 also have a wide range based on the model of your S60, your risk profile, and policy deductibles and limits.

More mature drivers with no driving violations and high physical damage deductibles may pay as little as $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged upwards of $5,300 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying at a minimum $1,700 to $2,300 extra annually, depending on your age. Insurance for high-risk drivers can be as much as 43% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut prices by as much as $530 every year, whereas increasing liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $411 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Volvo S60 insurance prices. A driver around age 40 might see prices as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,890 on average in Michigan, New York, and Florida.

Volvo S60 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,268 -$132 -9.4%
Alaska $1,074 -$326 -23.3%
Arizona $1,162 -$238 -17.0%
Arkansas $1,400 -$0 0.0%
California $1,598 $198 14.1%
Colorado $1,340 -$60 -4.3%
Connecticut $1,442 $42 3.0%
Delaware $1,586 $186 13.3%
Florida $1,754 $354 25.3%
Georgia $1,294 -$106 -7.6%
Hawaii $1,008 -$392 -28.0%
Idaho $946 -$454 -32.4%
Illinois $1,046 -$354 -25.3%
Indiana $1,056 -$344 -24.6%
Iowa $946 -$454 -32.4%
Kansas $1,330 -$70 -5.0%
Kentucky $1,912 $512 36.6%
Louisiana $2,074 $674 48.1%
Maine $864 -$536 -38.3%
Maryland $1,154 -$246 -17.6%
Massachusetts $1,122 -$278 -19.9%
Michigan $2,434 $1,034 73.9%
Minnesota $1,172 -$228 -16.3%
Mississippi $1,680 $280 20.0%
Missouri $1,242 -$158 -11.3%
Montana $1,506 $106 7.6%
Nebraska $1,104 -$296 -21.1%
Nevada $1,680 $280 20.0%
New Hampshire $1,008 -$392 -28.0%
New Jersey $1,566 $166 11.9%
New Mexico $1,242 -$158 -11.3%
New York $1,476 $76 5.4%
North Carolina $808 -$592 -42.3%
North Dakota $1,146 -$254 -18.1%
Ohio $966 -$434 -31.0%
Oklahoma $1,438 $38 2.7%
Oregon $1,284 -$116 -8.3%
Pennsylvania $1,336 -$64 -4.6%
Rhode Island $1,870 $470 33.6%
South Carolina $1,268 -$132 -9.4%
South Dakota $1,182 -$218 -15.6%
Tennessee $1,226 -$174 -12.4%
Texas $1,688 $288 20.6%
Utah $1,038 -$362 -25.9%
Vermont $960 -$440 -31.4%
Virginia $840 -$560 -40.0%
Washington $1,084 -$316 -22.6%
West Virginia $1,284 -$116 -8.3%
Wisconsin $970 -$430 -30.7%
Wyoming $1,248 -$152 -10.9%

View Chart as Image

Volvo S60 insurance rates by U.S. city

With such a large range in prices, the only way to figure out exactly what you will pay is to do a rate comparison and see which company has the best price. Each insurance company utilizes a different rate formula, so rate quotes will be substantially different between companies.

Volvo S60 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Volvo S60 $362 $688 $372 $1,580
2023 Volvo S60 $346 $660 $390 $1,554
2022 Volvo S60 $332 $656 $398 $1,544
2021 Volvo S60 $320 $640 $416 $1,534
2020 Volvo S60 $310 $612 $430 $1,510
2019 Volvo S60 $292 $592 $442 $1,484
2018 Volvo S60 $282 $548 $452 $1,440
2017 Volvo S60 $270 $516 $456 $1,400
2016 Volvo S60 $258 $464 $460 $1,340
2012 Volvo S60 $210 $346 $474 $1,188
2007 Volvo S60 $172 $230 $460 $1,020
2006 Volvo S60 $168 $218 $452 $996
2005 Volvo S60 $154 $208 $446 $966
2004 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 Buy the Cheapest Volvo S60 Insurance

Finding better rates on car insurance requires being a safe and courteous driver, having a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Make time to compare rates every other policy renewal by getting quotes from direct insurance companies, and also from local exclusive and independent agents.

Below is a recap of the ideas that were touched on in this article.

  • Teenage drivers are expensive to insure, with premiums being up to $444 per month if comprehensive and collision insurance is included
  • Higher risk drivers that have major violations or accidents may pay on average $1,650 more each year for auto insurance
  • Increasing policy deductibles could save up to $525 each year
  • It is possible to save as much as $170 per year simply by quoting online in advance

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 $5,330
20 $3,252
30 $1,454
40 $1,400
50 $1,282
60 $1,258

Full coverage, $500 deductibles

Rates by Deductible

Volvo S60 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,750
$250 $1,588
$500 $1,400
$1,000 $1,224

Full coverage, driver age 40

Rates by Liability Limit

Volvo S60 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,400
50/100 $1,491
100/300 $1,605
250/500 $1,902
100 CSL $1,537
300 CSL $1,788
500 CSL $1,970

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S60 Insurance Rates for High Risk Drivers
Age Premium
16 $7,602
20 $5,186
30 $3,106
40 $3,048
50 $2,912
60 $2,888

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 $199

Potential Rate Discounts

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

Discount Savings
Multi-policy $75
Multi-vehicle $75
Homeowner $22
5-yr Accident Free $103
5-yr Claim Free $91
Paid in Full/EFT $63
Advance Quote $69
Online Quote $99
Total Discounts $597
Rate after discounts $803

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

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