Car insurance for Volvo

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If you own a registered vehicle, you are required to carry car insurance in most states. Car insurance protects your legal and financial responsibility in the event of an at-fault accident. In the United States, the average cost of car insurance is $565 per year for minimum coverage and $1,674 per year for full coverage.

However, car insurance rates are personalized, and one of the factors that impacts your premium is the make and model of your vehicle. Additionally, every insurance company charges a slightly different rate for the same makes and models. We received sample quotes for Volvo car insurance for some of the company’s most popular models, which include:

  • Volvo S90
  • Volvo V60
  • Volvo XC60
  • Volvo XC90

Car insurance for Volvos: by model

Volvo is considered to be a luxury car brand, and that means the cost of car insurance for Volvos is somewhat expensive. In the table below, we have included the average annual full coverage car insurance premiums for several Volvo models. Although your actual rate will vary based on your personal profile, these sample rates can be helpful for the sake of comparison. Here is a look at the average price of auto insurance for Volvos:

Volvo Car Insurance Average annual full coverage premium
Volvo S90 $2,089
Volvo V60 $1,786
Volvo XC60 $1,623
Volvo XC90 $1,891

Cheapest car insurance companies for Volvo S90

Based on our sample quotes, the Volvo S90 is the most expensive Volvo model to insure. However, every insurance company charges a different rate. If you want full coverage insurance, USAA is going to be the cheapest option assuming you qualify for coverage as USAA only covers military members, veterans and their families. If you don’t qualify, the cheapest option for full coverage is going to be Erie, with an annual full coverage premium of $1,558. If you are looking for minimum coverage insurance, Geico has the lowest rates. The table below includes the average premiums for the Volvo S90 from five of Bankrate’s best car insurance providers on the market:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $330 $1,381
Geico $326 $1,606
State Farm $438 $1,787
Erie $430 $1,558
Amica $345 $1,601

Cheapest car insurance companies for Volvo V60

If you are thinking about buying a Volvo V60, it is important to consider the cost of insurance. Despite being classified as a “sport sedan,” this model is actually not too expensive to insure because it is not a true sports car. Amica offers the cheapest full coverage policy, at an average rate of $1,368 per year. For minimum coverage, if you qualify, USAA is the best choice, with an average rate of $323 per year. If you don’t qualify, Geico is the cheapest option for minimum coverage. Here is a look at the average cost of V60 insurance from several car insurance carriers:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $323 $1,396
Geico $334 $1,370
State Farm $443 $1,487
Erie $348 $1,393
Amica $367 $1,368

Cheapest car insurance companies for Volvo XC60

Car insurance for a Volvo XC60 is pretty reasonable. USAA is the cheapest car insurance provider based on our sample quotes, but if you do not qualify for USAA insurance, Geico and Amica also offer affordable rates. By far, the most expensive provider for Volvo XC60 insurance is Erie. In the table below, we have included the sample quotes we received for the Volvo XC60 from a few of the most popular providers:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $351 $1,228
Geico $374 $1,269
State Farm $409 $1,384
Erie $430 $1,530
Amica $367 $1,238

Cheapest car insurance companies for Volvo XC90

Car insurance for the Volvo XC90, the company’s luxury SUV, can be expensive depending on the insurance company you choose. For a full coverage policy, Geico is the cheapest option based on our sample quote, with an average annual premium of $1,394. On the other hand, Erie has the lowest rate for a minimum coverage policy, with an average premium of $348 per year. Keep in mind that you can always switch insurance carriers if you find a different provider that can give you a better rate. Here is the full list of the sample rates we received for the Volvo XC90:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $354 $1,413
Geico $370 $1,394
State Farm $391 $1,772
Erie $348 $1,503
Amica $367 $1,479

Other car insurance coverage for Volvos

Volvo owners are required to meet their state’s minimum car insurance coverage requirements. In most states, drivers must carry personal liability insurance, and if you live in a no-fault state, you will also be required to purchase personal injury protection (PIP).

However, there are a number of other car insurance coverages that Volvo owners could consider. Many drivers choose to purchase collision and comprehensive insurance, which pay to repair your vehicle’s damages after an accident or other covered event.

If you lease or finance your Volvo, you might consider getting gap insurance, which helps pay off the remaining loan balance if your car gets totaled. Roadside assistance can also come in handy if your car breaks down. It pays for things like battery replacements, fuel delivery, towing within a certain distance and locksmith services.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Volvo of the following models, commute five days a week and drive 12,000 miles annually:

  • Volvo S90
  • Volvo V60
  • Volvo XC60
  • Volvo XC90

These are sample rates and should only be used for comparative purposes.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth has two years of experience writing for insurance domains such as Bankrate.com, The Simple Dollar, Coverage.com and NextAdvisor, among others. In addition to auto insurance, Elizabeth regularly writes about home insurance, renters insurance and life insurance. She also covers industry trends and general insurance education.