Volvo S60 Insurance Rates
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UPDATED: Jun 3, 2023
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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.
Estimated auto insurance rates for a Volvo S60 are $1,020 annually including full coverage. Comprehensive insurance costs approximately $172 a year, collision costs $230, and liability costs $460. A policy with only liability insurance costs as little as $510 a year, with a high-risk policy costing $2,190 or more. Teen drivers pay the most at $4,080 a year or more.
Average premium for full coverage: $1,020
Premium estimates by type of coverage:
Price estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and S60 trim levels.
Insurance Price Range by Risk and Coverage
Using a 40-year-old driver as an example, insurance rates for a Volvo S60 go from as cheap as $510 for basic liability insurance to a high of $2,190 for coverage for higher-risk drivers.
Insurance Price Range by Location
Your location can make a big difference on car insurance prices. Rural locations are statistically proven to have fewer comprehensive and collision claims than larger metro areas.
The diagram below illustrates how rural and urban location affects auto insurance prices.
These rate differences highlight why it is important to compare rates using their specific location and their own personal driving habits, instead of making a decision based on 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 $617
- Drivers who choose higher $1,000 deductibles will pay $926 every year
- The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $1,020
- Choosing low $100 deductibles for comprehensive and collision insurance costs an additional $172 annually
- Drivers with multiple violations and an at-fault accident could pay around $2,190 or more
- An auto insurance policy with full coverage for a 16-year-old driver can cost $4,080 a year
Car insurance prices for a Volvo S60 also have a wide range based on the model of your S60, your driving characteristics, and physical damage deductibles and liability limits.
Older drivers with no driving violations and high physical damage deductibles may pay as low as $1,000 per year on average, or $83 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged in the ballpark of $4,000 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you are likely paying anywhere from $1,200 to $1,700 extra annually, depending on your age. A high-risk auto insurance policy can cost from 42% to 131% more than average. View High Risk Driver Rates
Choosing high deductibles could save up to $270 annually, while buying higher liability limits will push prices upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $414 extra every 12 months. View Rates by Deductible or Liability Limit
Where you choose to live makes a big difference in Volvo S60 insurance prices. A 40-year-old driver could pay as low as $780 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,460 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $922 | -$98 | -9.6% |
| Alaska | $782 | -$238 | -23.3% |
| Arizona | $846 | -$174 | -17.1% |
| Arkansas | $1,020 | -$0 | 0.0% |
| California | $1,162 | $142 | 13.9% |
| Colorado | $974 | -$46 | -4.5% |
| Connecticut | $1,048 | $28 | 2.7% |
| Delaware | $1,154 | $134 | 13.1% |
| Florida | $1,274 | $254 | 24.9% |
| Georgia | $940 | -$80 | -7.8% |
| Hawaii | $732 | -$288 | -28.2% |
| Idaho | $690 | -$330 | -32.4% |
| Illinois | $758 | -$262 | -25.7% |
| Indiana | $766 | -$254 | -24.9% |
| Iowa | $686 | -$334 | -32.7% |
| Kansas | $968 | -$52 | -5.1% |
| Kentucky | $1,390 | $370 | 36.3% |
| Louisiana | $1,508 | $488 | 47.8% |
| Maine | $630 | -$390 | -38.2% |
| Maryland | $842 | -$178 | -17.5% |
| Massachusetts | $818 | -$202 | -19.8% |
| Michigan | $1,770 | $750 | 73.5% |
| Minnesota | $854 | -$166 | -16.3% |
| Mississippi | $1,220 | $200 | 19.6% |
| Missouri | $904 | -$116 | -11.4% |
| Montana | $1,094 | $74 | 7.3% |
| Nebraska | $804 | -$216 | -21.2% |
| Nevada | $1,222 | $202 | 19.8% |
| New Hampshire | $736 | -$284 | -27.8% |
| New Jersey | $1,140 | $120 | 11.8% |
| New Mexico | $902 | -$118 | -11.6% |
| New York | $1,074 | $54 | 5.3% |
| North Carolina | $586 | -$434 | -42.5% |
| North Dakota | $834 | -$186 | -18.2% |
| Ohio | $704 | -$316 | -31.0% |
| Oklahoma | $1,048 | $28 | 2.7% |
| Oregon | $934 | -$86 | -8.4% |
| Pennsylvania | $972 | -$48 | -4.7% |
| Rhode Island | $1,360 | $340 | 33.3% |
| South Carolina | $924 | -$96 | -9.4% |
| South Dakota | $860 | -$160 | -15.7% |
| Tennessee | $892 | -$128 | -12.5% |
| Texas | $1,228 | $208 | 20.4% |
| Utah | $754 | -$266 | -26.1% |
| Vermont | $698 | -$322 | -31.6% |
| Virginia | $610 | -$410 | -40.2% |
| Washington | $788 | -$232 | -22.7% |
| West Virginia | $934 | -$86 | -8.4% |
| Wisconsin | $704 | -$316 | -31.0% |
| Wyoming | $908 | -$112 | -11.0% |
With such a large range in prices, the best way to figure out who has the best auto insurance prices is to get quotes from multiple companies. Every company uses a different rate calculation, so rate quotes will be substantially different between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2012 Volvo S60 | $228 | $374 | $474 | $1,234 |
| 2007 Volvo S60 | $174 | $234 | $468 | $1,034 |
| 2006 Volvo S60 | $172 | $230 | $460 | $1,020 |
| 2005 Volvo S60 | $168 | $218 | $452 | $996 |
| 2004 Volvo S60 | $154 | $208 | $446 | $966 |
| 2003 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 Buy Cheaper Volvo S60 Insurance
Finding better rates on insurance for a Volvo S60 not only requires avoiding accidents and violations, but also having a good credit score, refrain from filing small claims, and avoiding coverage lapses. Set aside time to shop around at least once a year by requesting quotes from direct car insurance companies, and also from local insurance agencies.
The list below is a condensed summary of the primary concepts that were raised in the charts and tables above.
- You may be able to save around $110 per year simply by quoting early and online
- Drivers considered higher risk with multiple at-fault accidents may have to pay on average $1,170 more per year for car insurance
- Increasing policy deductibles could save up to $275 each year
- Teenagers pay the highest auto insurance prices, with the cost nearing $340 per month if comprehensive and collision insurance is included
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.
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,080 |
| 20 | $2,330 |
| 30 | $1,038 |
| 40 | $1,020 |
| 50 | $936 |
| 60 | $916 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,192 |
| $250 | $1,112 |
| $500 | $1,020 |
| $1,000 | $926 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,020 |
| 50/100 | $1,112 |
| 100/300 | $1,227 |
| 250/500 | $1,526 |
| 100 CSL | $1,158 |
| 300 CSL | $1,411 |
| 500 CSL | $1,595 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $5,748 |
| 20 | $3,708 |
| 30 | $2,210 |
| 40 | $2,190 |
| 50 | $2,096 |
| 60 | $2,076 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $52 |
| Multi-vehicle | $55 |
| Homeowner | $18 |
| 5-yr Accident Free | $63 |
| 5-yr Claim Free | $64 |
| Paid in Full/EFT | $37 |
| Advance Quote | $45 |
| Online Quote | $69 |
| Total Discounts | $403 |
Discounts are estimated and may not be available from every company or in every state.
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