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.

Estimated auto insurance rates for a Volvo S60 are $1,340 annually for full coverage insurance. Comprehensive insurance costs approximately $258 a year, collision costs $464, and liability coverage costs around $460. Liability-only insurance costs as low as $510 a year, with high-risk driver insurance costing $2,908 or more. 16-year-old drivers pay the most at $5,128 a year or more.

Average premium for full coverage: $1,340

Premium estimates by type of coverage:

Estimates include $500 deductible amounts, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 states and S60 trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on the price of auto insurance. Rural locations are statistically proven to have fewer physical damage claims than congested cities.

The diagram below illustrates how location impacts auto insurance prices.

These rate differences illustrate why it is important to compare prices using their specific location and their own personal driving habits, rather than using 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 and risk scenarios.

• The best full coverage rate is $774
• Using higher $1,000 deductibles will save $1,176 each year
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $1,340
• Buying low $100 deductibles for physical damage coverage costs an additional $318 each year
• Higher-risk drivers with multiple tickets or accidents could pay around $2,908 or more
• An auto insurance policy with full coverage for a teenage driver can cost $5,128 or more

View Chart as Image

Insurance prices for a Volvo S60 also have a wide range based on the model of your S60, your risk profile, and physical damage deductibles and liability limits.

Older drivers with no violations or accidents and high physical damage deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they should be prepared to pay in the ballpark of $5,100 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying anywhere from $1,600 to $2,200 additional annually, depending on your age. A high-risk auto insurance policy can be around 43% to 133% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut prices by as much as $490 a year, while buying higher liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $414 more each year. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Volvo S60 insurance rates. A driver around age 40 might see prices as low as $880 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,810 on average in Florida, New York, and Michigan.

View Chart as Image

With such a large range in prices, the only way to figure out who has the best car insurance prices is to get quotes and see how they stack up. Each insurance company utilizes a different rate formula, and prices will be substantially different between companies.

How to Buy Low Cost Volvo S60 Insurance

Finding better rates on auto insurance requires having a good driving record, having good credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Spend time shopping around at least every other year by getting quotes from direct insurance companies, and also from insurance agencies where you live.

The next list is a review of the car insurance concepts touched on above.

• Drivers who have several accidents or serious violations could be forced to pay on average $1,570 more per year to buy Volvo S60 insurance
• It is possible to save around $160 per year simply by quoting early and online
• Increasing policy deductibles could save up to $475 each year
• Consumers who purchase increased levels of liability coverage will pay around $510 annually to increase from 30/60 bodily injury limits to higher 250/500 limits

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.