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 $1,340 annually for full coverage. Comprehensive insurance costs approximately $258 each year, collision costs $464, and liability is estimated at $460. Buying just liability costs approximately $510 a year, with insurance for high-risk drivers costing $2,908 or more. Teen drivers receive the highest rates at $5,128 a year or more.

Average premium for full coverage: $1,340

Rate estimates by individual coverage type:

Rate estimates include $500 deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all states and S60 models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on car insurance rates. Rural locations tend to have fewer accident claims than larger metro areas.

The graphic below illustrates how location impacts auto insurance prices.

These examples show why all drivers should get quotes using their specific location and their own personal driving habits, instead of using price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $774
• Choosing higher $1,000 deductibles can save $164 a year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,340
• Choosing low deductibles for comp and collision coverage costs an additional $318 every year
• Unlucky drivers with multiple violations and an at-fault accident could pay around $2,908 or more
• The cost with full coverage for a teen driver can cost $5,128 each year

View Chart as Image

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

More mature drivers with a good driving record and high physical damage deductibles may pay as little as $1,300 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay in the ballpark of $5,100 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying anywhere from $1,600 to $2,200 in extra premium per year, depending on your age. Insurance for high-risk drivers ranges as much as 43% to 133% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $490 every year, whereas increasing liability limits will push rates upward. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for Volvo S60 insurance prices. A good driver about age 40 could pay as low as $880 a year in states like Iowa, Maine, and Idaho, or as much as $1,910 on average in New York, Louisiana, and Michigan.

View Chart as Image

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to do a rate comparison and see which company has the best rate. Each auto insurer uses a different rate calculation, and quoted rates can be significantly different between companies.

How to Buy the Best Volvo S60 Insurance

Saving money on car insurance takes not taking risks behind the wheel, having above-average credit, eliminating unneeded coverage, and not having any coverage lapses. Spend time shopping around every couple of years by requesting quotes from direct carriers like Progressive and GEICO, and also from several local insurance agents.

The following is a brief recap of the material that was touched on above.

• Policyholders who purchase higher liability limits will pay about $510 each year to raise limits from a minimum limit to higher 250/500 limits
• Teens have the highest car insurance rates, costing as high as $427 per month if full coverage is included
• Higher risk drivers who tend to receive serious violations pay on average $1,570 more per year for S60 insurance
• Increasing deductibles could save up to $475 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.