Volvo S60 Car Insurance Cost for 2022

How much does Volvo S60 insurance cost? We compare rates from the Momentum 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 $1,624 per year, or about $135 a month, for a full coverage policy. With the average small luxury car costing $1,717 a year to insure, the Volvo S60 could save $93 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 2022 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 April 14, 2022
Volvo S60 Car Insurance Rates
Volvo S60 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,698$225
$500$3,224$269
$250$3,782$315
30$1,000$1,428$119
$500$1,720$143
$250$2,028$169
40$1,000$1,352$113
$500$1,624$135
$250$1,906$159
50$1,000$1,234$103
$500$1,478$123
$250$1,732$144
60$1,000$1,212$101
$500$1,452$121
$250$1,702$142

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 $1,624 per year for full coverage insurance, while the segment median rate is $1,717 per year. That makes the S60 $93 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, $178 less than the Mercedes-Benz C300, $16 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.

Insurance Cost Comparison: Volvo S60 vs Small Luxury Cars
Rank Make/Model Insurance Cost Difference
1Mercedes-Benz A220$1,486-$138
2BMW 330i$1,598-$26
3Acura TLX$1,608-$16
4Volvo S60$1,624--
5BMW 330e$1,630$6
6BMW 228i$1,640$16
7BMW 230i$1,650$26
8Alfa Romeo Giulia$1,678$54
9Cadillac CT4$1,682$58
10Lexus RC 350$1,686$62
11Genesis G70$1,708$84
12Audi A4$1,752$128
13Audi S3$1,756$132
14Mercedes-Benz C300$1,802$178
15BMW M235i$1,838$214
16Audi RS 3$1,844$220
17BMW M240i$1,872$248
18Lexus IS 350$1,884$260
19BMW M340i$1,890$266

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2022 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 March 8, 2022
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 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 $62 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 $248 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 $178 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 $1,520 to $1,796 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.

2022 Volvo S60 Insurance Cost by Trim Level
Volvo S60 Trim Level Annual Policy 6-month Policy Per Month
Momentum$1,520$760$127
Momentum AWD$1,558$779$130
Inscription$1,572$786$131
R-Design$1,572$786$131
Inscription AWD$1,604$802$134
R-Design AWD$1,604$802$134
Recharge R-Design Expression$1,642$821$137
Recharge Inscription$1,678$839$140
Recharge R-Design$1,678$839$140
Recharge Polestar$1,796$898$150

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 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 February 20, 2022
Volvo S60 Insurance Cost by Trim Level

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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2022 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 February 20, 2022
Volvo S60 Insurance Rates in Large U.S. Cities
Volvo S60 Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,084$257
Philadelphia, PA$2,724$227
Los Angeles, CA$2,710$226
San Francisco, CA$2,328$194
Jacksonville, FL$2,320$193
San Jose, CA$1,932$161
Phoenix, AZ$1,876$156
San Diego, CA$1,840$153
Chicago, IL$1,776$148
Dallas, TX$1,744$145
Houston, TX$1,738$145
Indianapolis, IN$1,646$137
San Antonio, TX$1,564$130
Austin, TX$1,488$124
Columbus, OH$1,230$103