Volvo XC40 Car Insurance Calculator

Monitor in real-time how life choices impact car insurance rates for a Volvo XC40. Modify options like your location, homeowner status, and credit score to get insights on how rates change. Immediately see whether rates increased or decreased.

The average estimated car insurance premium for a 2024 Volvo XC40 is $2,356 per year, or about $196 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,356

Cost Per Month

$196

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Volvo XC40 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Volvo XC40.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,356
Average Rate
Your Rate
$2,356

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Volvo XC40.

The 'Average Rate' is a combined value for all Volvo XC40 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Volvo XC40 is $2,356.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Volvo XC40 vs. the Small Luxury SUV Segment

The table below compares insurance rates for the 2024 Volvo XC40 against all other models in the small luxury SUV segment. The Volvo XC40 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Volvo XC40, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Volvo XC40.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Volvo XC40 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura RDX$1,958-$398
2Lexus NX 250$2,072-$284
3Cadillac XT4$2,114-$242
4Lexus NX 350h$2,210-$146
5Lincoln Corsair$2,236-$120
6Mercedes-Benz GLB 250$2,240-$116
7Lexus UX 250h$2,246-$110
8Lexus NX 450h$2,258-$98
9Mercedes-Benz GLA250$2,282-$74
10Mercedes-Benz GLA35 AMG$2,290-$66
11Land Rover Evoque$2,336-$20
12Lexus NX 350$2,348-$8
13Volvo XC40$2,356--
14Volvo XC60$2,370$14
15Alfa Romeo Tonale$2,376$20
16Mercedes-Benz GLA45 AMG$2,388$32
17BMW X1$2,420$64
18Infiniti QX55$2,424$68
19Volvo C40$2,442$86
20BMW X2$2,452$96
21Lexus RZ 450e$2,478$122
22Mercedes-Benz EQB 300$2,492$136
23Mercedes-Benz GLC300$2,512$156
2024 Small Luxury SUV Average$2,541$185
24Mercedes-Benz EQB 350$2,552$196
25Genesis GV70$2,582$226
26Audi Q3$2,596$240
27Audi Q5$2,606$250
28Alfa Romeo Stelvio$2,630$274
29Land Rover Range Rover Velar$2,660$304
30BMW X4$2,712$356
31Audi Q4$2,736$380
32BMW X3$2,764$408
33Genesis GV60$2,848$492
34Porsche Macan$2,894$538
35Jaguar I-Pace$2,926$570
36Land Rover Defender$3,042$686
37Jaguar F-Pace$3,130$774
38Aston Martin DBX$4,562$2,206

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 XC40 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Volvo XC40.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Volvo XC40 Insurance Rates by Trim Level
2024 Volvo XC40 Trim Level Annual Premium Cost Per Month
Core$2,174$181
Plus$2,280$190
Ultimate$2,348$196
Recharge Core$2,404$200
Recharge Plus$2,444$204
Recharge Ultimate$2,488$207

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Volvo XC40 for different driver ages.

2024 Volvo XC40 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,309$692
17$8,079$673
18$7,299$608
19$6,623$552
20$5,092$424
21$4,858$405
22$4,360$363
23$3,561$297
24$3,375$281
25$2,738$228
30$2,518$210
35$2,418$202
40$2,356$196
45$2,200$183
50$2,082$174
55$1,944$162
60$1,952$163
65$2,078$173
70$2,232$186
75$2,610$218
80$3,212$268

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Volvo XC40 trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Volvo XC40.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Volvo XC40 Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Volvo XC40$2,356$196
2023 Volvo XC40$2,100$175
2022 Volvo XC40$2,058$172
2021 Volvo XC40$1,888$157
2020 Volvo XC40$1,828$152
2019 Volvo XC40$1,846$154

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Volvo XC40 trim levels for each model year.