Volvo S60 Car Insurance Cost for 2023

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 $1,970 per year, or about $164 a month, for a full coverage policy. With the average small luxury car costing $1,942 a year to insure, the Volvo S60 could cost $28 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Volvo S60 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Volvo S60 trim levels.Data last updated on January 23, 2023
Volvo S60 Car Insurance Rates
Volvo S60 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,300$275
$500$3,922$327
$250$4,580$382
30$1,000$1,734$145
$500$2,082$174
$250$2,444$204
40$1,000$1,652$138
$500$1,970$164
$250$2,302$192
50$1,000$1,508$126
$500$1,794$150
$250$2,094$175
60$1,000$1,478$123
$500$1,760$147
$250$2,054$171

Is Volvo S60 insurance expensive?

The Volvo S60 ranks 13th out of 19 comparison vehicles in the small luxury car category for car insurance affordability. The S60 costs an estimated $1,970 per year for full coverage insurance, while the segment median rate is $1,942 per year. That makes the S60 $28 more expensive 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 $178 more per year than the BMW 330i, $22 more than the Mercedes-Benz C300, $148 more than the Acura TLX, and $16 more than the Audi A4.

The table below shows how average car insurance cost for a 2023 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/Model Insurance Cost Difference
1Acura Integra$1,584-$386
2BMW 330i$1,792-$178
3Acura TLX$1,822-$148
4Cadillac CT4$1,842-$128
5Genesis G70$1,880-$90
6BMW 330e$1,910-$60
7BMW 228i$1,920-$50
8BMW 230i$1,932-$38
9Mercedes-Benz C300$1,948-$22
10Audi A4$1,954-$16
11Lexus RC 350$1,956-$14
12Audi S3$1,968-$2
13Volvo S60$1,970--
14Alfa Romeo Giulia$1,992$22
15BMW M235i$1,996$26
16Lexus IS 350$2,028$58
17Audi RS 3$2,106$136
18BMW M240i$2,146$176
19BMW M340i$2,156$186

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2023 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Insurance Cost Comparison: Volvo S60 vs Small Luxury Cars

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 2023 Volvo S60 has an average MSRP of $51,190, ranging from the cheapest Core model at $42,395 to the most expensive Recharge Polestar costing $69,145.

The small luxury car models most similar in price to the Volvo S60 for the 2023 model year are the Lexus RC 350, Audi S3, BMW M240i, and Mercedes-Benz C300.

Here’s how those models compare to a 2023 Volvo S60 for MSRP and average insurance cost.

  • Compared to the Lexus RC 350 – The MSRP for the Lexus RC 350 averages $1,111 less than the average cost for the Volvo S60 ($50,079 compared to $51,190). The cost to insure a 2023 Volvo S60 compared to the Lexus RC 350 is $14 more every 12 months on average.
  • Compared to the Audi S3 – The 2023 Audi S3 has an average sticker price of $49,933 ($46,900 to $53,500), which is $1,257 cheaper than the average cost of the Volvo S60. Buying car insurance for the Audi S3 costs an average of $2 less annually than the Volvo S60.
  • Compared to the BMW M240i – The MSRP for the 2023 BMW M240i averages $1,290 less than the MSRP for the Volvo S60 ($49,900 compared to $51,190). Buying insurance for the BMW M240i costs an average of $176 more per year than the Volvo S60.
  • Compared to the Mercedes-Benz C300 – The Mercedes-Benz C300 sells for an average of $49,621, ranging from $43,550 to $57,400, which is $1,569 cheaper than the average cost for the Volvo S60. Anticipate paying an average of $22 less 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 $1,840 to $2,164 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 Polestar.

The next table shows the average annual and semi-annual auto insurance policy costs, including a monthly amount for budgeting, for each 2023 Volvo S60 package and trim level.

2023 Volvo S60 Insurance Cost by Trim Level
Volvo S60 Trim Level Annual Policy 6-month Policy Per Month
Core$1,840$920$153
Core AWD$1,882$941$157
Plus$1,892$946$158
Plus AWD$1,930$965$161
Ultimate$1,934$967$161
Ultimate AWD$1,970$985$164
Recharge Core$1,996$998$166
Recharge Plus$2,034$1,017$170
Recharge Ultimate$2,066$1,033$172
Recharge Polestar$2,164$1,082$180

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Volvo S60, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Volvo S60 Insurance Cost by Trim Level

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 $1,320 a year in Virginia Beach, VA, or $1,462 in Columbus, OH, to high rates like $3,472 a year in New York, NY, and $3,064 in Los Angeles, CA.

Rate averages for some other cities include Houston car insurance at $2,010 per year, Denver, CO, costing $2,316, San Diego, CA, at an estimated $2,120, and Colorado Springs, CO, averaging $2,266.

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

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Volvo S60, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Volvo S60 trim levels.Data last updated on January 23, 2023
Volvo S60 Insurance Rates in Large U.S. Cities
Volvo S60 Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,472$289
Philadelphia, PA$3,082$257
Las Vegas, NV$3,076$256
Los Angeles, CA$3,064$255
San Francisco, CA$2,654$221
Kansas City, MO$2,364$197
Oklahoma City, OK$2,364$197
Denver, CO$2,316$193
Memphis, TN$2,316$193
Atlanta, GA$2,284$190
San Jose, CA$2,220$185
Phoenix, AZ$2,166$181
Portland, OR$2,136$178
San Diego, CA$2,120$177
Boston, MA$2,116$176
Jacksonville, FL$2,112$176
Chicago, IL$2,056$171
Dallas, TX$2,022$169
Houston, TX$2,010$168
Seattle, WA$2,008$167
Nashville, TN$1,928$161
Milwaukee, WI$1,920$160
Albuquerque, NM$1,886$157
San Antonio, TX$1,822$152
Omaha, NE$1,772$148
Fort Worth, TX$1,764$147
Austin, TX$1,742$145
Indianapolis, IN$1,588$132
Columbus, OH$1,462$122
Charlotte, NC$1,394$116