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.

Average auto insurance rates for a Volvo S60 are $1,286 annually with full coverage. Comprehensive costs approximately $242 a year, collision costs $426, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, with high-risk coverage costing around $2,790. Teen drivers receive the highest rates at $4,956 a year or more.

Average premium for full coverage: $1,286

Rate estimates by individual coverage type:

Rate estimates include $500 policy deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and S60 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a large influence on the price of insurance. Rural locations tend to have fewer collision claims than larger metro areas.

The diagram below illustrates how rural and urban location affects auto insurance prices.

These examples demonstrate why it is important to compare prices using their specific location and their own personal driving habits, rather than using price averages.

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

Additional Rate Analysis

The chart below details estimated Volvo S60 insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $749
• Using higher $1,000 deductibles will save $1,134 annually
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,286
• Choosing low $100 deductibles for physical damage coverage will cost $1,582
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $2,790 or more
• The cost with full coverage for a teenage driver can cost $4,956 or more

View Chart as Image

Car insurance rates for a Volvo S60 can also vary considerably based on the trim level of your S60, your driving record, and physical damage deductibles and liability limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,200 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will be charged in the ballpark of $4,900 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out anywhere from $1,500 to $2,100 extra per year, depending on your age. A high-risk auto insurance policy can be around 42% to 130% more than average. View High Risk Driver Rates

Choosing high deductibles could cut rates by as much as $450 a year, while buying higher liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live has a huge impact on Volvo S60 insurance rates. A driver around age 40 might see rates as low as $930 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,740 on average in New York, Michigan, and Florida.

View Chart as Image

With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to get quotes and see how they stack up. Each insurance company uses a different rate calculation, so rate quotes can be significantly different between companies.

How to Buy the Best Volvo S60 Insurance

Saving money on auto insurance requires avoiding accidents and claims, having a good credit score, eliminating unnecessary coverage, and avoiding coverage lapses. Set aside time to shop around every couple of years by requesting quotes from direct companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The points below are a brief recap of the material that was raised in the charts and tables above.

• Consumers who purchase increased liability limits will pay about $510 every year to increase from a minimum limit to higher 250/500 limits
• Drivers under the age of 20 pay the highest auto insurance rates, with premiums as much as $413 per month if comprehensive and collision insurance is included
• Drivers who tend to receive serious violations may pay on average $1,500 more per year to insure a Volvo S60
• Increasing deductibles could save up to $450 each year

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.