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...

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UPDATED: Jun 3, 2023

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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 prices for a Volvo S60 are $1,340 every 12 months for full coverage insurance. Comprehensive insurance costs approximately $258, collision costs $464, and liability is estimated at $460. Liability-only insurance costs approximately $510 a year, with high-risk driver insurance costing $2,908 or more. Teens pay the most at $5,128 a year or more.

Average premium for full coverage: $1,340

Premium estimates by type of coverage:

Comprehensive $258
Collision $464
Liability $460

Rate estimates include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 states and for different S60 trim levels.

Insurance Price Range by Risk and Coverage

Using a 40-year-old driver as an example, insurance rates for a Volvo S60 go from the cheapest price of $510 for the bare minimum liability coverage to a much higher rate of $2,908 for a high-risk driver policy.

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

Insurance Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. Rural locations are statistically proven to have more infrequent physical damage claims than cities with more traffic congestion.

The price range example below illustrates how rural and urban location affects auto insurance prices.

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

These rate differences illustrate why anyone shopping for car insurance should get quotes using their specific location and their own driving history, 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.

Additional Rate Information

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

  • The cheapest rate after discounts is $774
  • Choosing higher $1,000 deductibles can save $164 each year
  • The average price for a 40-year-old good driver who chooses $500 deductibles is $1,340
  • Selecting more expensive low deductibles for comp and collision coverage costs an extra $318 every year
  • Unlucky drivers with serious driving violations could pay around $2,908 or more
  • An auto insurance policy to insure a teen driver with full coverage can cost $5,128 each year

View Chart as Image

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

Insurance prices for a Volvo S60 also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the model of your S60.

Choosing higher comprehensive and collision insurance deductibles can save as much as $490 every year, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $414 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers should be prepared to pay in the ballpark of $5,100 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying anywhere from $1,600 to $2,200 additional annually, depending on your age. High-risk driver insurance ranges as much as 43% to 133% more than the average policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Volvo S60 insurance prices. A good driver about age 40 could pay as low as $880 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,810 on average in Florida, New York, and Michigan.

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

With such a large range in prices, the only way to figure out who has the best car insurance prices is to compare prices and see which company has the best price. Each auto insurer calculates prices differently, and prices will be substantially different.

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 Shop for the Best Volvo S60 Insurance

Finding better rates on car insurance takes avoiding accidents and violations, having above-average credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Set aside time to shop around every time your policy renews by requesting quotes from direct insurance companies, and also from local insurance agencies.

The list below is a brief recap of the information raised in the charts and tables above.

  • It is possible to save around $160 per year simply by shopping early and online
  • Teenagers are the costliest to insure, with premiums being up to $427 per month if full coverage is included
  • Increasing policy deductibles could save as much as $475 each year
  • Higher risk drivers who tend to receive serious violations may have to pay on average $1,570 more per year for car insurance
  • Policyholders who purchase higher liability limits will pay approximately $510 annually to raise limits from 30/60 bodily injury limits to a 250/500 level

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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