- Drivers can expect to pay on average around $2,814 per year, $1,407 for a 6-month policy, or $235 per month for full coverage insurance on a Volvo S60, depending on the trim level.
- The Volvo S60 is one of the more expensive small luxury cars to insure, costing $173 more per year on average as compared to the rest of the vehicles in the segment.
- The cheapest Volvo S60 to insure is the Core trim level costing an average of $2,646 per year. The most expensive trim is the Recharge Ultimate at $2,978 per year.
How much does Volvo S60 insurance cost?
Volvo S60 car insurance costs an average of $2,814 per year, or about $235 a month, for a full coverage policy. With the average small luxury car costing $2,641 a year to insure, the Volvo S60 could cost $173 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.
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 $2,814 per year for full coverage insurance, while the segment median rate is $2,641 per year. That makes the S60 $173 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 $370 more per year than the BMW 330i, $210 more per year than the Lexus RC 350, and $308 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Acura Integra | $2,134 | -$680 |
| 2 | BMW 330i | $2,444 | -$370 |
| 3 | Acura TLX | $2,484 | -$330 |
| 4 | Cadillac CT4 | $2,506 | -$308 |
| 5 | Genesis G70 | $2,512 | -$302 |
| 6 | Lexus IS 350 | $2,534 | -$280 |
| 7 | Lexus RC 350 | $2,604 | -$210 |
| 8 | BMW 330e | $2,606 | -$208 |
| 9 | BMW 228i | $2,608 | -$206 |
| 10 | BMW 230i | $2,630 | -$184 |
| 11 | Audi S3 | $2,690 | -$124 |
| 12 | Alfa Romeo Giulia | $2,704 | -$110 |
| 13 | Audi A4 | $2,762 | -$52 |
| 14 | BMW M235i | $2,776 | -$38 |
| 15 | Volvo S60 | $2,814 | -- |
| 16 | Audi RS 3 | $2,868 | $54 |
| 17 | BMW M240i | $2,924 | $110 |
| 18 | BMW M340i | $2,932 | $118 |
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 October 24, 2025
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 $124 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 $38 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 $110 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 $330 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 $2,646 to $2,978 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 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Core | $2,646 | $221 |
| Core AWD | $2,712 | $226 |
| Plus | $2,726 | $227 |
| Plus AWD | $2,784 | $232 |
| Ultimate AWD | $2,834 | $236 |
| Recharge Core | $2,886 | $241 |
| Recharge Plus | $2,936 | $245 |
| Recharge Ultimate | $2,978 | $248 |
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 October 24, 2025
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 $2,278 a year in Virginia Beach, VA, or $2,426 in Columbus, OH, to high rates like $4,510 a year in New York, NY, and $4,086 in Los Angeles, CA.
Rate averages for some other cities include Houston car insurance at $2,998 per year, Denver, CO, costing $3,310, San Diego, CA, at an estimated $3,112, and Colorado Springs, CO, averaging $3,260.
The next chart illustrates typical insurance cost data for a Volvo S60 for the thirty cities with the highest population in the U.S.
