2023 Volvo S60 Car Insurance Cost in 2024 – 5 Savings Tips

Enter your zip code below to view companies that have cheap auto insurance rates.

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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Beginners to comparing car insurance rates on the web will discover purchasing cheap car insurance is harder than it needs to be.

It’s important to check insurance coverage prices as often as possible since insurance prices change regularly. Just because you had the best price on S60 insurance a couple years back a different company probably has better rates today. Forget anything you know (or think you know) about insurance coverage because you’re about to find out one of the easiest ways to properly buy coverages while reducing your premium.

The best way we recommend to get policy rate comparisons takes advantage of the fact most insurance companies pay for the opportunity to compare their rates. The one thing you need to do is spend a couple of minutes providing details including the type of vehicles you drive, whether you drive to work or school, if it has an alarm system, and if you went to college. That rating information is sent automatically to multiple different insurance companies and they respond with quotes immediately.

More discounts mean affordable premiums

Companies that sell car insurance don’t always publicize their entire list of discounts in an easy-to-find place, so below is a list a few of the more well known as well as some of the hidden credits available to bring down your rates.

  • Multi-policy Discount – If you can combine your homeowners and auto policy with the same company you could save up to 20% off your total premium.
  • Data Collection Discounts – Drivers who agree to allow driving data submission to spy on driving patterns remotely like Allstate’s Drivewise could possibly reduce rates if they are good drivers.
  • Federal Government Employee – Employees or retirees of the government may reduce rates when you quote car insurance on S60 insurance depending on your company.
  • Own a Home and Save – Owning your own home or condo can help you save on insurance because it shows financial diligence.
  • No Charge for an Accident – This one is not really a discount per se, but some companies like State Farm and Allstate will turn a blind eye to one accident without raising rates so long as you are claim-free before the accident.

Don’t be surprised that most credits do not apply to all coverage premiums. The majority will only reduce individual premiums such as liability, collision or medical payments. If you do the math and it seems like it’s possible to get free car insurance, you aren’t that lucky. But any discount should help reduce the amount you have to pay.

A few companies who may offer these money-saving discounts are:

  • Farmers Insurance
  • State Farm
  • Liberty Mutual
  • MetLife
  • Progressive

If you are trying to find cheap car insurance quotes, ask every prospective company how you can save money. Discounts may not apply in every state. If you would like to choose from a list of companies with the best discounts, enter your zip code here.

It’s not one size fits all

When it comes to choosing adequate coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining if your insurance needs might need an agent’s assistance.

  • Is a blown tire covered by insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is pleasure use cheaper than using my 2023 Volvo S60 to commute?
  • Is my babysitter covered when using my vehicle?
  • If my pet gets injured in an accident are they covered?
  • How much liability insurance is required?
  • Do I need medical payments coverage since I have good health insurance?
  • When would I need additional glass coverage?
  • Why am I required to buy liability insurance?
  • Should I rate my 2023 Volvo S60 as pleasure use or commute?

If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, fill out your zip code.

Buyer beware of car insurance advertising tricks

Car insurance providers like Allstate and Progressive continually stream television and radio advertisements. All the companies seem to make the promise about how much you will save if you move your policy. How is it possible that every company can offer drivers better rates? Here is how they do it.

All companies have specific criteria for the type of driver they prefer to insure. An example of a desirable insured could possibly be over the age of 35, insures multiple vehicles, and drives less than 7,500 miles a year. Any person who matches that profile will get low rates and will save a lot of money.

Consumers who don’t meet these standards will see higher premium rates with the end result being business going elsewhere. The ad wording is “people who switch” not “everybody who quotes” save that much when switching. This is how companies can truthfully state the savings. Because each company has a different risk profile, you need to compare rate quotes every year. You cannot predict which company will provide you with the cheapest auto insurance rates.

Educate yourself about auto insurance coverages

Knowing the specifics of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your Volvo S60.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a broken windshield, rock chips in glass and hitting a bird. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like doctor visits, surgery, pain medications, funeral costs and X-ray expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision protection

Collision insurance covers damage to your S60 from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like backing into a parked car, crashing into a ditch, rolling your car, damaging your car on a curb and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.


Liability insurance can cover damages or injuries you inflict on other people or property. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as court costs, legal defense fees, bail bonds, structural damage and funeral expenses. How much coverage you buy is a personal decision, but buy as large an amount as possible.

In any little way, save everyday

We just presented many tips how you can compare 2023 Volvo S60 insurance premium rates online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable car insurance. Drivers may discover the best premium rates are with some of the smallest insurance companies.

Drivers leave their current company for many reasons like denial of a claim, policy cancellation, high rates after DUI convictions and extreme rates for teen drivers. No matter why you want to switch, switching insurance coverage companies can be less work than you think.

A few companies don’t offer online price quotes and many times these small insurance companies only sell coverage through local independent agents. Affordable 2023 Volvo S60 insurance is attainable online and from local insurance agents, so compare prices from both to have the best chance of lowering rates.

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