2023 Volvo XC40 Car Insurance Calculator

Learn in real-time how different factors affect car insurance rates for a 2023 Volvo XC40. Experiment with options like vehicle usage, gender of the driver, and marital status to see how rates are affected. See instantly if the change you make results in cheaper or more expensive car insurance.

The average estimated car insurance premium for a 2023 Volvo XC40 is $2,100 per year, or about $175 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

$2,100

Cost Per Month

$175

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 2023 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.

$2,100
Average Rate
Your Rate
$2,100

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.

The 'Average Rate' is a combined value for all 2023 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 2023 Volvo XC40 is $2,100.

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.

2023 Volvo XC40 vs. the Small Luxury SUV Segment

The table below compares insurance rates for the 2023 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.

2023 Volvo XC40 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura RDX$1,904-$196
2Cadillac XT4$2,056-$44
3Volvo XC40$2,100--
4Lexus UX 250h$2,132$32
5Mercedes-Benz GLA250$2,212$112
6Mercedes-Benz GLB 250$2,234$134
7Lexus NX 250$2,248$148
8Lexus NX 350h$2,276$176
9Lexus NX 350$2,290$190
10Lincoln Corsair$2,292$192
11Lexus NX 450h$2,302$202
12BMW X1$2,310$210
13Alfa Romeo Tonale$2,320$220
14Mercedes-Benz GLC300$2,324$224
15Lexus RZ 450e$2,330$230
16Volvo XC60$2,336$236
17Audi Q3$2,348$248
18Land Rover Evoque$2,364$264
19Volvo C40$2,386$286
20BMW X2$2,428$328
21Infiniti QX55$2,462$362
2023 Small Luxury SUV Average$2,468$368
22Mercedes-Benz GLA35 AMG$2,472$372
23Genesis GV70$2,514$414
24Mercedes-Benz EQB 300$2,526$426
25Genesis GV60$2,534$434
26Mercedes-Benz GLA45 AMG$2,542$442
27Alfa Romeo Stelvio$2,556$456
28Audi Q5$2,574$474
29Land Rover Range Rover Velar$2,582$482
30Mercedes-Benz EQB 350$2,590$490
31BMW X4$2,632$532
32Land Rover Defender$2,644$544
33Jaguar F-Pace$2,656$556
34Audi Q4$2,668$568
35Porsche Macan$2,678$578
36BMW X3$2,684$584
37Jaguar I-Pace$2,840$740
38Aston Martin DBX$4,436$2,336

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.

2023 XC40 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 Volvo XC40 Insurance Rates by Trim Level
2023 Volvo XC40 Trim Level Annual Premium Cost Per Month
Core$1,912$159
Core AWD$1,962$164
Plus$2,014$168
Plus AWD$2,054$171
Ultimate$2,088$174
Ultimate AWD$2,124$177
Recharge Core$2,218$185
Recharge Plus$2,252$188
Recharge Ultimate$2,284$190

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 2023 Volvo XC40 for different driver ages.

2023 Volvo XC40 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$7,318$610
17$7,171$598
18$6,578$548
19$5,921$493
20$4,566$381
21$4,355$363
22$3,921$327
23$3,158$263
24$3,013$251
25$2,450$204
30$2,256$188
35$2,152$179
40$2,100$175
45$1,956$163
50$1,844$154
55$1,722$144
60$1,732$144
65$1,852$154
70$1,968$164
75$2,278$190
80$2,804$234

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.