- Drivers can expect to pay on average around $1,638 per year, $819 for a 6-month policy, or $137 per month for full coverage insurance on a Volvo S60, depending on the trim level.
- The Volvo S60 is one of the cheaper small luxury cars to insure, costing $92 less per year on average as compared to the rest of the vehicles in the segment.
- The cheapest Volvo S60 to insure is the Momentum trim level costing an average of $1,534 per year. The most expensive trim is the Recharge Polestar at $1,810 per year.
How much does Volvo S60 insurance cost?
Volvo S60 car insurance costs an average of $1,638 per year, or about $137 a month, for a full coverage policy. With the average small luxury car costing $1,730 a year to insure, the Volvo S60 could save $92 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 #4 out of 19 comparison vehicles in the small luxury car category for car insurance affordability. The S60 costs an estimated $1,638 per year for full coverage insurance, while the segment median rate is $1,730 per year. That makes the S60 $92 cheaper to insure per year.
When average auto insurance rates are compared for the best-selling models in the small luxury car category, a Volvo S60 costs $26 more per year than the BMW 330i, $176 less than the Mercedes-Benz C300, $18 more than the Acura TLX, and $128 less than the Audi A4.
The table below shows how average car insurance cost for a 2022 Volvo S60 compares to the rest of the vehicles in the compact luxury car segment.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz A220 | $1,500 | -$138 |
| 2 | BMW 330i | $1,612 | -$26 |
| 3 | Acura TLX | $1,620 | -$18 |
| 4 | Volvo S60 | $1,638 | -- |
| 5 | BMW 330e | $1,642 | $4 |
| 6 | BMW 228i | $1,652 | $14 |
| 7 | BMW 230i | $1,664 | $26 |
| 8 | Alfa Romeo Giulia | $1,692 | $54 |
| 9 | Cadillac CT4 | $1,694 | $56 |
| 10 | Lexus RC 350 | $1,698 | $60 |
| 11 | Genesis G70 | $1,720 | $82 |
| 12 | Audi A4 | $1,766 | $128 |
| 13 | Audi S3 | $1,772 | $134 |
| 14 | Mercedes-Benz C300 | $1,814 | $176 |
| 15 | BMW M235i | $1,852 | $214 |
| 16 | Audi RS 3 | $1,856 | $218 |
| 17 | BMW M240i | $1,884 | $246 |
| 18 | Lexus IS 350 | $1,898 | $260 |
| 19 | BMW M340i | $1,902 | $264 |
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 2022 Volvo S60 has an average MSRP of $47,860, ranging from the cheapest Momentum model at $40,295 to the most expensive Recharge Polestar costing $65,845.
The small luxury car models most similar in price to the Volvo S60 for the 2022 model year are the Lexus RC 350, BMW M240i, Audi A4, and Mercedes-Benz C300.
Here’s how those models compare to a 2022 Volvo S60 for MSRP and average insurance cost.
- Compared to the Lexus RC 350 – The MSRP for the Lexus RC 350 averages $569 more than the average cost for the Volvo S60 ($48,429 compared to $47,860). The cost to insure a 2022 Volvo S60 compared to the Lexus RC 350 is $60 less every 12 months on average.
- Compared to the BMW M240i – The 2022 BMW M240i has an average sticker price of $48,550 ($45,250 to $48,550), which is $690 more expensive than the average cost of the Volvo S60. Buying car insurance for the BMW M240i costs an average of $246 more annually than the Volvo S60.
- Compared to the Audi A4 – The MSRP for the 2022 Audi A4 averages $704 less than the MSRP for the Volvo S60 ($47,156 compared to $47,860). Buying insurance for the Audi A4 costs an average of $128 more per year than the Volvo S60.
- Compared to the Mercedes-Benz C300 – The Mercedes-Benz C300 sells for an average of $48,833, ranging from $41,600 to $56,700, which is $973 more expensive than the average cost for the Volvo S60. Anticipate paying an average of $176 more every 12 months for insurance on the Mercedes-Benz C300 compared to a S60.
Which Volvo S60 model has the cheapest insurance?
With Volvo S60 insurance cost ranging from $1,534 to $1,810 annually, the lowest-cost model to insure is the Momentum. On the high end of the cost spectrum, the S60 model with the most expensive insurance rates is the Volvo S60 Recharge Polestar.
The next table shows the average annual and semi-annual auto insurance policy costs, including a monthly amount for budgeting, for each 2022 Volvo S60 package and trim level.
| Volvo S60 Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Momentum | $1,534 | $767 | $128 |
| Momentum AWD | $1,572 | $786 | $131 |
| Inscription | $1,586 | $793 | $132 |
| R-Design | $1,586 | $793 | $132 |
| Inscription AWD | $1,618 | $809 | $135 |
| R-Design AWD | $1,618 | $809 | $135 |
| Recharge R-Design Expression | $1,654 | $827 | $138 |
| Recharge Inscription | $1,692 | $846 | $141 |
| Recharge R-Design | $1,692 | $846 | $141 |
| Recharge Polestar | $1,810 | $905 | $151 |
How much does location impact S60 insurance cost?
Depending upon where you live, insurance rates on a Volvo S60 can vary significantly, from cheaper premiums like $1,098 a year in Virginia Beach, VA, or $1,230 in Columbus, OH, to high rates like $3,084 a year in New York, NY, and $2,710 in Los Angeles, CA.
Rate averages for some other cities include Houston car insurance at $1,738 per year, Denver, CO, costing $2,018, San Diego, CA, at an estimated $1,840, and Colorado Springs, CO, averaging $1,972.
The next chart illustrates typical insurance cost data for a Volvo S60 for the 15 cities with highest population in the U.S. Average cost ranges from $1,230 per year in Columbus, OH, to $3,084 in New York City, a difference of $1,854.
