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.

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

Average premium for full coverage: $1,340

Policy rates by type of insurance:

Full coverage includes $500 physical damage insurance deductibles, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Prices are averaged for all U.S. states and for all S60 models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on auto insurance rates. Rural areas are shown to have a lower frequency of collision claims than larger metro areas.

The example below illustrates how geographic area affects car insurance rates.

The examples above demonstrate why everyone should compare rates quotes based on a specific location and risk profile, rather than using price averages.

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

More Rate Information

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

• The lowest rate with discounts is $774
• Raising to $1,000 deductibles will save around $164 annually
• The average rate for a good driver age 40 with $500 deductibles is $1,340
• Choosing pricier low deductibles will increase the cost to $1,658
• Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $2,908 or more
• Policy cost for full coverage for a teenage driver for full coverage may cost $5,128

View Chart as Image

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

A more mature driver with no driving violations and high deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged upwards of $5,100 a year. View Rates by Age

Your home state also has a big influence on Volvo S60 insurance rates. A middle-age driver might find rates as low as $970 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,810 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles can reduce rates by up to $490 a year, whereas buying more liability protection will cost you more. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at a minimum $1,600 to $2,200 extra every year, depending on your age. Volvo S60 insurance for high-risk drivers is expensive and can cost around 43% to 133% more than average. View High Risk Driver Rates

Because rates have so much variability, the best way to find out exactly what you will pay is to regularly compare rates and see how they stack up. Every auto insurance company uses a different rate calculation, so rate quotes will be varied from one company to the next.

How to Find More Affordable Volvo S60 Insurance

Finding cheaper rates on auto insurance consists of being a low-risk driver, having above-average credit, not filing small claims, and maximizing policy discounts. Invest the time to compare rates every year by requesting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local insurance agents.

The items below are a summary of the coverage data presented in the illustrations above.

• You may be able to save as much as $160 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save around $475 each year
• Teen drivers are expensive to insure, as much as $427 each month if full coverage is included
• Drivers who have multiple accidents or major violations may be required to pay an average of $1,570 more each year to insure their S60

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.