2023 Volvo XC60 Car Insurance Calculator

Learn visually how the choices you make influence insurance rates for a 2023 Volvo XC60. Tailor settings like homeowner status, credit history, and policy coverages to find out how each affects rates. Know immediately if the changes you make raise or lower the cost of insurance.

The average estimated car insurance premium for a 2023 Volvo XC60 is $2,336 per year, or about $195 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

$2,336

Cost Per Month

$195

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 XC60 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 XC60.

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.

$2,336
Average Rate
Your Rate
$2,336

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 XC60 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 XC60 is $2,336.

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 XC60 vs. the Small Luxury SUV Segment

The table below compares insurance rates for the 2023 Volvo XC60 against all other models in the small luxury SUV segment. The Volvo XC60 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 XC60, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Volvo XC60.

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

2023 Volvo XC60 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura RDX$1,904-$432
2Cadillac XT4$2,056-$280
3Volvo XC40$2,100-$236
4Lexus UX 250h$2,132-$204
5Mercedes-Benz GLA250$2,212-$124
6Mercedes-Benz GLB 250$2,234-$102
7Lexus NX 250$2,248-$88
8Lexus NX 350h$2,276-$60
9Lexus NX 350$2,290-$46
10Lincoln Corsair$2,292-$44
11Lexus NX 450h$2,302-$34
12BMW X1$2,310-$26
13Alfa Romeo Tonale$2,320-$16
14Mercedes-Benz GLC300$2,324-$12
15Lexus RZ 450e$2,330-$6
16Volvo XC60$2,336--
17Audi Q3$2,348$12
18Land Rover Evoque$2,364$28
19Volvo C40$2,386$50
20BMW X2$2,428$92
21Infiniti QX55$2,462$126
2023 Small Luxury SUV Average$2,468$132
22Mercedes-Benz GLA35 AMG$2,472$136
23Genesis GV70$2,514$178
24Mercedes-Benz EQB 300$2,526$190
25Genesis GV60$2,534$198
26Mercedes-Benz GLA45 AMG$2,542$206
27Alfa Romeo Stelvio$2,556$220
28Audi Q5$2,574$238
29Land Rover Range Rover Velar$2,582$246
30Mercedes-Benz EQB 350$2,590$254
31BMW X4$2,632$296
32Land Rover Defender$2,644$308
33Jaguar F-Pace$2,656$320
34Audi Q4$2,668$332
35Porsche Macan$2,678$342
36BMW X3$2,684$348
37Jaguar I-Pace$2,840$504
38Aston Martin DBX$4,436$2,100

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 XC60 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 Volvo XC60.

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 XC60 Insurance Rates by Trim Level
2023 Volvo XC60 Trim Level Annual Premium Cost Per Month
Core$2,126$177
Core B5 AWD$2,176$181
Plus$2,218$185
Plus B5 AWD$2,258$188
Ultimate$2,318$193
Ultimate B5 AWD$2,356$196
Recharge Core$2,374$198
Ultimate B6 AWD$2,396$200
Recharge Plus$2,428$202
Recharge Ultimate$2,490$208
Recharge Polestar$2,556$213

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 XC60 for different driver ages.

2023 Volvo XC60 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,152$679
17$7,966$664
18$7,266$606
19$6,565$547
20$5,057$421
21$4,827$402
22$4,338$362
23$3,518$293
24$3,342$279
25$2,718$227
30$2,504$209
35$2,396$200
40$2,336$195
45$2,178$182
50$2,056$171
55$1,920$160
60$1,926$161
65$2,058$172
70$2,194$183
75$2,544$212
80$3,136$261

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 XC60 trim levels.