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 $1,286 a year for full coverage insurance. Comprehensive costs around $242 a year, collision costs $426, and liability costs $460. A liability-only policy costs as little as $510 a year, with high-risk insurance costing around $2,790. 16-year-old drivers cost the most to insure at $4,956 a year or more.

Average premium for full coverage: $1,286

Policy rates for type of insurance:

These estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 states and S60 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than congested cities.

The diagram below illustrates how geographic area affects auto insurance rates.

The examples above illustrate why it is important to compare rates for a specific zip code, instead of making a decision based on rate averages.

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

Detailed Rate Analysis

The chart below illustrates estimated Volvo S60 insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $749
• Drivers who choose higher $1,000 deductibles will pay about $1,134 each year
• The estimated price for a good driver age 40 using $500 deductibles is $1,286
• Buying low $100 deductibles for comprehensive and collision insurance bumps up the cost to $1,582
• Drivers with multiple tickets or accidents could pay at least $2,790 or more
• Policy cost that insures a 16-year-old driver can be $4,956 a year

View Chart as Image

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

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,500 to $2,100 extra every year, depending on your age. A high-risk auto insurance policy can cost from 42% to 130% more than the average rate. View High Risk Driver Rates

Older drivers with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,200 per year on average, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will be charged as much as $4,900 a year. View Rates by Age

Your home state makes a big difference in Volvo S60 insurance prices. A 40-year-old driver could pay as low as $840 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,740 on average in Michigan, New York, and Florida.

View Chart as Image

Opting for high physical damage deductibles could save up to $450 annually, while buying higher liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out your exact price is to get quotes from multiple companies. Every company utilizes a different rate formula, so rate quotes will be varied.

How to Find Cheap Volvo S60 Insurance

Finding cheaper rates on insurance for a Volvo S60 not only requires not taking risks behind the wheel, but also having a positive credit history, being claim-free, and qualifying for all possible discounts. Comparison shop every other policy renewal by getting quotes from direct insurance companies, and also from insurance agencies where you live.

The following is a brief summary of the ideas that were presented in the illustrations above.

• Teens are the costliest to insure, possibly costing $413 each month if full coverage is purchased
• Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $1,500 more every year for S60 insurance
• Increasing comprehensive and collision deductibles can save approximately $450 each year
• It is possible to save up to $150 per year simply by quoting 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.