Exploring Volvo S60 Car Insurance Costs: Ultimate Rate Breakdown

How much does Volvo S60 insurance cost? We compare rates from the Core to the Recharge Polestar to see how average S60 insurance rates rank against all compact luxury cars.

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How much does Volvo S60 insurance cost?

Volvo S60 car insurance costs an average of $2,748 per year, or about $229 a month, for a full coverage policy. With the average small luxury car costing $2,578 a year to insure, the Volvo S60 could cost $170 or more on an annual basis.

The chart below details how average S60 car insurance rates fluctuate based on the age of the rated driver and a range of policy deductibles.

Average 2024 Volvo S60 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 Volvo S60 car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

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Data Methodology: Average premiums are based on a 2024 model year Volvo S60. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 Volvo S60 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$4,628$386
$500$5,524$460
$250$6,474$540
30-Year-Old$1,000$2,436$203
$500$2,936$245
$250$3,454$288
40-Year-Old$1,000$2,288$191
$500$2,748$229
$250$3,226$269
50-Year-Old$1,000$2,028$169
$500$2,424$202
$250$2,836$236
60-Year-Old$1,000$1,898$158
$500$2,270$189
$250$2,656$221

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 Volvo S60. Updated June 27, 2025

Is Volvo S60 insurance expensive?

The Volvo S60 ranks 15th out of 18 comparison vehicles in the small luxury car category for car insurance affordability. The S60 costs an estimated $2,748 per year for full coverage insurance, while the segment median rate is $2,578 per year. That makes the S60 $170 more expensive to insure per year.

When average auto insurance rates are compared directly to some other models in the small luxury car category, a Volvo S60 costs $364 more per year than the BMW 330i, $206 more per year than the Lexus RC 350, and $302 more per year than the Cadillac CT4.

The table below shows how average car insurance cost for a 2024 Volvo S60 compares to the rest of the vehicles in the compact luxury car segment.

Insurance Cost Comparison: Volvo S60 vs Small Luxury Cars
Rank Make and Model Annual Premium Difference
1Acura Integra$2,082-$666
2BMW 330i$2,384-$364
3Acura TLX$2,424-$324
4Cadillac CT4$2,446-$302
5Genesis G70$2,452-$296
6Lexus IS 350$2,472-$276
7Lexus RC 350$2,542-$206
8BMW 330e$2,544-$204
9BMW 228i$2,548-$200
10BMW 230i$2,568-$180
11Audi S3$2,626-$122
12Alfa Romeo Giulia$2,642-$106
13Audi A4$2,698-$50
14BMW M235i$2,712-$36
15Volvo S60$2,748--
16Audi RS 3$2,800$52
17BMW M240i$2,854$106
18BMW M340i$2,862$114

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 vehicle from the 2024 model year. Updated June 27, 2025

At $2,748 per year, insurance cost for a 2024 Volvo S60 ranks 15th out of 18 models in the small luxury car segment
At $2,748 per year, insurance cost for a 2024 Volvo S60 ranks 15th out of 18 models in the small luxury car segment

Comparing the average cost of insurance for a Volvo S60 to small luxury cars with the most comparable sticker prices can provide another useful insight. When shopping for a new vehicle within a certain price range, buyers can save a significant amount of money over the life of the vehicle by knowing which model has the cheapest insurance rates.

A 2024 Volvo S60 has an average MSRP of $50,158, ranging from the cheapest Core model at $43,095 to the most expensive Recharge Ultimate costing $58,495.

The small luxury car models most similar in price to the Volvo S60 for the 2024 model year are the Audi S3, BMW M235i, BMW M240i, and Acura TLX.

Here’s how those models compare to a 2024 Volvo S60 for MSRP and average insurance cost.

  • Compared to the Audi S3 – The MSRP for the Audi S3 averages $109 more than the average cost for the Volvo S60 ($50,267 compared to $50,158). The cost to insure a 2024 Volvo S60 compared to the Audi S3 is $122 more every 12 months on average.
  • Compared to the BMW M235i – The 2024 BMW M235i has an average sticker price of $49,625 ($47,000 to $50,950), which is $533 cheaper than the average cost of the Volvo S60. Buying car insurance for the BMW M235i costs an average of $36 less annually than the Volvo S60.
  • Compared to the BMW M240i – The MSRP for the 2024 BMW M240i averages $542 more than the MSRP for the Volvo S60 ($50,700 compared to $50,158). Buying insurance for the BMW M240i costs an average of $106 more per year than the Volvo S60.
  • Compared to the Acura TLX – The Acura TLX sells for an average of $49,064, ranging from $40,050 to $56,550, which is $1,094 cheaper than the average cost for the Volvo S60. Anticipate paying an average of $324 less every 12 months for insurance on the Acura TLX compared to a S60.

Which Volvo S60 model has the cheapest insurance?

With Volvo S60 insurance cost ranging from $2,584 to $2,910 annually, the lowest-cost model to insure is the Core. On the high end of the cost spectrum, the S60 model with the most expensive insurance rates is the Volvo S60 Recharge Ultimate.

The next table shows the average annual and semi-annual auto insurance policy costs, including a monthly amount for budgeting, for each 2024 Volvo S60 package and trim level.

2024 Volvo S60 Insurance Rates by Trim Level
2024 Volvo S60 Trim Level Annual Premium Cost Per Month
Core$2,584$215
Core AWD$2,648$221
Plus$2,662$222
Plus AWD$2,720$227
Ultimate AWD$2,768$231
Recharge Core$2,818$235
Recharge Plus$2,868$239
Recharge Ultimate$2,910$243

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. Updated June 26, 2025

Insurance cost by trim level for a 2024 Volvo S60 ranging from the Core model at $2,584 per year to the Recharge Ultimate model at $2,910
Insurance cost by trim level for a 2024 Volvo S60 ranging from the Core model at $2,584 per year to the Recharge Ultimate model at $2,910

Average insurance rates by city and state

Depending upon where you live, insurance rates on a Volvo S60 can vary significantly, from cheaper premiums like $2,228 a year in Virginia Beach, VA, or $2,374 in Columbus, OH, to high rates like $4,462 a year in New York, NY, and $4,038 in Los Angeles, CA.

Rate averages for some other cities include Houston car insurance at $2,944 per year, Denver, CO, costing $3,260, San Diego, CA, at an estimated $3,060, and Colorado Springs, CO, averaging $3,210.

The next chart illustrates typical insurance cost data for a Volvo S60 for the thirty cities with the highest population in the U.S.

Average car insurance rates for a 2024 Volvo S60 in larger U.S. cities.
Figure 2: Average car insurance rates for a 2024 Volvo S60 in larger U.S. cities. Rates updated on June 27, 2025.

Data Methodology: Average car insurance rates for a 2024 Volvo S60 assume a 40-year-old married male driver with no driving violations or at-fault accidents in the last three years. Comprehensive and collision deductibles are $500, UM/UIM and medical payments coverage is included, and rates are averaged for all trim levels and U.S. Zip Codes.

Volvo S60 Insurance Rates by Location
Location Annual Premium Cost Per Month
New York, NY$4,462$372
Philadelphia, PA$4,054$338
Las Vegas, NV$4,046$337
Los Angeles, CA$4,038$337
San Francisco, CA$3,608$301
Kansas City, MO$3,306$276
Oklahoma City, OK$3,306$276
Denver, CO$3,260$272
Memphis, TN$3,260$272
Atlanta, GA$3,228$269
San Jose, CA$3,162$264
Phoenix, AZ$3,104$259
Portland, OR$3,074$256
San Diego, CA$3,060$255
Boston, MA$3,052$254
Chicago, IL$2,990$249
Dallas, TX$2,956$246
Houston, TX$2,944$245
Seattle, WA$2,938$245
Jacksonville, FL$2,878$240
Nashville, TN$2,860$238
Milwaukee, WI$2,848$237
Albuquerque, NM$2,814$235
San Antonio, TX$2,752$229
Omaha, NE$2,698$225
Fort Worth, TX$2,690$224
Austin, TX$2,666$222
Indianapolis, IN$2,506$209
Columbus, OH$2,374$198
Charlotte, NC$2,306$192

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. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for a 2024 Volvo S60 and all Zip Codes in each city. Updated June 27, 2025