Volvo V50 Insurance Rates
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UPDATED: May 12, 2022
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Do you need help finding cheap Volvo V50 insurance rates? The average cost of Volvo V50 insurance is $1,230 a year, or $102 a month. Learn more about Volvo V50 frequently asked coverage questions.
Want Volvo V50 price assurance that you have the cheapest rates? Enter your ZIP code in our free tool above to find the cheapest rates for a Volvo V50.
Average auto insurance rates for a Volvo V50 are $1,112 annually for full coverage insurance. Comprehensive costs approximately $190, collision costs $286, and liability coverage costs $478. Buying just liability costs as little as $526 a year, with insurance for high-risk drivers costing around $2,400. Teenage drivers receive the highest rates at $4,410 a year or more.
Average premium for full coverage: $1,112
Rate estimates by individual coverage type:
Price estimates include $500 physical damage deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and for all V50 models.
Price Range by Coverage and Risk
For the average 40-year-old driver, prices range go from as cheap as $526 for your basic liability-only policy to the much higher price of $2,400 for high-risk insurance.
Price Range by Location
Your location has a large influence on the price of auto insurance. Rural locations tend to have fewer physical damage claims than densely populated cities.
The example below illustrates the difference location can make on auto insurance prices.
These examples illustrate why everyone should compare rates using their specific location and their own personal driving habits, rather than using average rates.
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 illustrates estimated Volvo V50 insurance rates for additional coverage and risk scenarios.
- The best discount rate is $663
- Drivers who choose higher $1,000 deductibles will pay $108 each year
- The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,112
- Using pricier low deductibles for comprehensive and collision insurance will cost $1,320
- High-risk insureds who are prone to accidents and violations could pay around $2,400 or more
- The cost with full coverage for a teenage driver for full coverage can cost $4,410 a year
Auto insurance rates for a Volvo V50 can also vary considerably based on the trim level of your V50, your risk profile, and physical damage deductibles and liability limits.
A more mature driver with a good driving record and high physical damage deductibles may only pay around $1,000 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay in the ballpark of $4,400 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are probably paying anywhere from $1,300 to $1,900 in extra premium per year, depending on your age. Volvo V50 insurance for high-risk drivers can cost around 43% to 130% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles could save up to $320 a year, whereas buying more liability protection will push rates upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $430 extra every year. View Rates by Deductible or Liability Limit
Where you live makes a big difference in Volvo V50 insurance rates. A 40-year-old driver could pay as low as $730 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,500 on average in Florida, New York, and Michigan.
|State||Premium||Compared to U.S. Avg||Percent Difference|
With so much variability in rates, the only way to figure out who has the best car insurance rates is to regularly compare rates and see how they stack up. Every company uses a different method to calculate rates, and quoted rates can be significantly different between companies.
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Volvo V50 2.4I||$1,090||$91|
|Volvo V50 AWD T5 R-Design||$1,134||$95|
Rates assume 2010 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2010 Volvo V50||$190||$286||$478||$1,112|
Rates are averaged for all Volvo V50 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 Cheaper Volvo V50 Insurance
Saving money on auto insurance not only requires being a safe and courteous driver, but also having above-average credit, avoid buying unnecessary coverage, and not having any coverage lapses. Make time to compare rates every couple of years by getting rate quotes from direct insurance companies like Progressive and GEICO, and also from insurance agencies where you live.
Below is a condensed summary of the material that was touched on in this article.
- Consumers who purchase higher levels of liability will pay an extra $530 annually to go from a minimum limit to higher 250/500 limits
- Teenage drivers have the highest car insurance rates, costing up to $368 per month if full coverage is included
- Drivers with multiple at-fault accidents could be forced to pay on average $1,290 more per year for auto insurance
- Increasing deductibles could save up to $325 each year
Who really has the lowest car insurance rates for a Volvo V50? The only way to find this out and save on average insurance costs is to shop around. To find cheap and affordable car insurance, enter your ZIP code in our free tool below.
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What are the safety ratings of the Volvo V50?
Is the Volvo V50 a good car? This is what insurers will ask themselves when they look at Volvo V50 safety ratings and features. Some of the Volvo V50’s safety features include traction control, whiplash protection seating, anti-submarine seats, and anti-lock braking system.
However, the Insurance Institute for Highway Safety (IIHS) has not crash-tested the Volvo V50, so there is no information on the safety ratings. This means that insurers will base rates on safety ratings of vehicles in the Volvo V50’s class.
Volvo V50 Compared Against Other Vehicles in the Same Class
What insurance group is a Volvo V50? The Volvo V50 is a luxury car, which means that its insurance group will be higher (more expensive). To see how other luxury cars’ rates compare to the Volvo V50’s insurance rates, view the list below.
The best way to save on Volvos, from a Volvo S40 to a Volvo V50, is to shop for multiple quotes. Enter your ZIP code in our free tool to start comparing rates.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$72|
|5-yr Claim Free||$71|
|Paid in Full/EFT||$43|
Discounts are estimated and may not be available from every company or in every state.