Volvo S60 Insurance Rates

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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...

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UPDATED: Jun 1, 2024

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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 $1,400 a year including full coverage. Comprehensive insurance costs approximately $270, collision costs $516, and liability coverage is estimated at $456. Liability-only insurance costs approximately $508 a year, with high-risk driver insurance costing $3,048 or more. Teen drivers cost the most to insure at $5,330 a year or more.

Average premium for full coverage: $1,400

Policy rates by type of insurance:

Comprehensive $270
Collision $516
Liability $456

Rates are based on $500 physical damage deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and for different S60 trim levels.

Price Range Variability

Using a 40-year-old driver as an example, Volvo S60 insurance rates go from the low end price of $508 for basic liability insurance to a much higher rate of $3,048 for coverage for higher-risk drivers.

Liability Only $508
Full Coverage $1,400
High Risk $3,048

Urban vs. Rural Price Range

Living in a larger city has a large influence on car insurance prices. Rural locations are shown to have lower incidents of comprehensive and collision claims than larger metro areas.

The price range example below illustrates how rural and urban location affects auto insurance prices.

Rural Areas $1,050
Small Cities $1,470
Large Cities $1,890

The examples above highlight why anyone shopping for car insurance should get quotes using their specific location, rather than using price averages.

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

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

Rate Comparisons

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

  • The lowest rate with discounts is $803
  • Choosing higher $1,000 deductibles can save $176 every year
  • The estimated price for a good driver age 40 who chooses $500 deductibles is $1,400
  • Choosing more expensive low deductibles for comp and collision coverage will cost an additional $350 each year
  • Drivers with multiple violations and an at-fault accident could pay around $3,048 or more
  • Policy cost that insures a teenage driver with full coverage can cost $5,330 each year

View Chart as Image

Volvo S60 insurance cost comparison chart
Column chart showing full coverage Volvo S60 insurance prices range from $803 to $5,330

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

If you have a few points on your driving record or you caused an accident, you are likely paying anywhere from $1,700 to $2,300 in extra premium every year, depending on your age. High-risk driver insurance ranges around 43% to 135% more than average. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay in the ballpark of $5,300 a year. View Rates by Age

Your home state plays a big part in determining prices for Volvo S60 insurance rates. A good driver about age 40 could pay as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,000 on average in Louisiana, New York, and Michigan.

Volvo S60 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,268 -$132 -9.4%
Alaska $1,074 -$326 -23.3%
Arizona $1,162 -$238 -17.0%
Arkansas $1,400 -$0 0.0%
California $1,598 $198 14.1%
Colorado $1,340 -$60 -4.3%
Connecticut $1,442 $42 3.0%
Delaware $1,586 $186 13.3%
Florida $1,754 $354 25.3%
Georgia $1,294 -$106 -7.6%
Hawaii $1,008 -$392 -28.0%
Idaho $946 -$454 -32.4%
Illinois $1,046 -$354 -25.3%
Indiana $1,056 -$344 -24.6%
Iowa $946 -$454 -32.4%
Kansas $1,330 -$70 -5.0%
Kentucky $1,912 $512 36.6%
Louisiana $2,074 $674 48.1%
Maine $864 -$536 -38.3%
Maryland $1,154 -$246 -17.6%
Massachusetts $1,122 -$278 -19.9%
Michigan $2,434 $1,034 73.9%
Minnesota $1,172 -$228 -16.3%
Mississippi $1,680 $280 20.0%
Missouri $1,242 -$158 -11.3%
Montana $1,506 $106 7.6%
Nebraska $1,104 -$296 -21.1%
Nevada $1,680 $280 20.0%
New Hampshire $1,008 -$392 -28.0%
New Jersey $1,566 $166 11.9%
New Mexico $1,242 -$158 -11.3%
New York $1,476 $76 5.4%
North Carolina $808 -$592 -42.3%
North Dakota $1,146 -$254 -18.1%
Ohio $966 -$434 -31.0%
Oklahoma $1,438 $38 2.7%
Oregon $1,284 -$116 -8.3%
Pennsylvania $1,336 -$64 -4.6%
Rhode Island $1,870 $470 33.6%
South Carolina $1,268 -$132 -9.4%
South Dakota $1,182 -$218 -15.6%
Tennessee $1,226 -$174 -12.4%
Texas $1,688 $288 20.6%
Utah $1,038 -$362 -25.9%
Vermont $960 -$440 -31.4%
Virginia $840 -$560 -40.0%
Washington $1,084 -$316 -22.6%
West Virginia $1,284 -$116 -8.3%
Wisconsin $970 -$430 -30.7%
Wyoming $1,248 -$152 -10.9%

View Chart as Image

Volvo S60 insurance rates by U.S. city

Choosing high deductibles can save as much as $530 a year, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $411 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to compare rates and see how they stack up. Each auto insurer uses a different rate calculation, and quoted rates will be varied.

Volvo S60 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Volvo S60 $362 $688 $372 $1,580
2023 Volvo S60 $346 $660 $390 $1,554
2022 Volvo S60 $332 $656 $398 $1,544
2021 Volvo S60 $320 $640 $416 $1,534
2020 Volvo S60 $310 $612 $430 $1,510
2019 Volvo S60 $292 $592 $442 $1,484
2018 Volvo S60 $282 $548 $452 $1,440
2017 Volvo S60 $270 $516 $456 $1,400
2016 Volvo S60 $258 $464 $460 $1,340
2012 Volvo S60 $210 $346 $474 $1,188
2007 Volvo S60 $172 $230 $460 $1,020
2006 Volvo S60 $168 $218 $452 $996
2005 Volvo S60 $154 $208 $446 $966
2004 Volvo S60 $150 $198 $442 $948

Rates are averaged for all Volvo S60 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Best Cheap Volvo S60 Insurance

Finding cheaper rates on auto insurance takes being a safe and courteous driver, maintaining a good credit score, paying for small claims out-of-pocket, and not having any coverage lapses. Shop around at least once a year by getting rate quotes from direct car insurance companies, and also from local auto insurance providers.

Below is a quick review of the primary concepts that were raised in the charts and tables above.

  • You may be able to save around $170 per year simply by shopping early and online
  • Drivers with a DUI or reckless driving violation will likely pay on average $1,650 more per year for auto insurance
  • Increasing comprehensive and collision deductibles can save approximately $525 each year
  • Teenage drivers have the highest car insurance rates, with premiums being up to $444 each month if the policy includes full coverage

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.

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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.

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.

Rates by Driver Age

Volvo S60 Insurance Rates by Driver Age
Driver Age Premium
16 $5,330
20 $3,252
30 $1,454
40 $1,400
50 $1,282
60 $1,258

Full coverage, $500 deductibles

Rates by Deductible

Volvo S60 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,750
$250 $1,588
$500 $1,400
$1,000 $1,224

Full coverage, driver age 40

Rates by Liability Limit

Volvo S60 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,400
50/100 $1,491
100/300 $1,605
250/500 $1,902
100 CSL $1,537
300 CSL $1,788
500 CSL $1,970

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S60 Insurance Rates for High Risk Drivers
Age Premium
16 $7,602
20 $5,186
30 $3,106
40 $3,048
50 $2,912
60 $2,888

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $199

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $75
Multi-vehicle $75
Homeowner $22
5-yr Accident Free $103
5-yr Claim Free $91
Paid in Full/EFT $63
Advance Quote $69
Online Quote $99
Total Discounts $597
Rate after discounts $803

Discounts are estimated and may not be available from every company or in every state.

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