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 prices for a Volvo S60 are $1,286 every 12 months with full coverage. Comprehensive insurance costs on average $242, collision costs $426, and liability costs around $460. Liability-only insurance costs as low as $510 a year, with high-risk driver insurance costing $2,790 or more. Teenage drivers cost the most to insure at $4,956 a year or more.

Average premium for full coverage: $1,286

Policy rates by type of insurance:

Prices include $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and for different S60 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on auto insurance rates. Rural areas are shown to have more infrequent collision claims than densely populated cities.

The price range example below illustrates the effect of geographic area on car insurance rates.

The examples above demonstrate why anyone shopping for car insurance should compare prices based on a specific location and their own driving history, instead of making a decision based on average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $749
• Using higher $1,000 deductibles will save around $152 annually
• The average price for a good driver age 40 with $500 deductibles is $1,286
• Using more expensive low deductibles for physical damage coverage costs an extra $296 annually
• High-risk insureds who are prone to accidents and violations could pay upwards of $2,790 or more
• Policy cost to insure a 16-year-old driver with full coverage may cost $4,956 or more

View Chart as Image

Auto insurance rates for a Volvo S60 also range considerably based on liability limits and deductibles, your driving record, and the trim level of your S60.

Using high physical damage deductibles could cut rates by as much as $450 annually, while increasing your policy's liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may pay as low as $1,200 a year, or $100 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay upwards of $4,900 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out at a minimum $1,500 to $2,100 in extra premium every year, depending on your age. High-risk driver insurance can be from 42% to 130% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Volvo S60 insurance prices. A driver around age 40 might see rates as low as $930 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,740 on average in Florida, Michigan, and New York.

View Chart as Image

Because rates have so much variability, the best way to find out exactly what you will pay is to compare rates from multiple companies. Each insurance company uses a different method to calculate rates, and quoted rates will be varied.

How to Shop for the Right Volvo S60 Insurance

Finding cheaper rates on insurance for a Volvo S60 requires being a safe and courteous driver, having a good credit score, not filing small claims, and taking advantage of discounts. Take the time to compare rates at every other renewal by getting quotes from direct companies, and also from local exclusive and independent agents.

Below is a quick rundown of the concepts that were covered in the above illustrations.

• Drivers considered higher risk with reckless driving or DUI convictions may pay on average $1,500 more each year for auto insurance
• Teenage drivers are charged the highest rates, as much as $413 each month if comprehensive and collision insurance is included
• You may be able to save as much as $150 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $450 each year
• You may be able to save as much as $150 per year simply by shopping early and online

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.