- Drivers can expect to pay on average around $2,024 per year, $1,012 for a 6-month policy, or $169 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 $30 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 $1,890 per year. The most expensive trim is the Recharge Polestar at $2,222 per year.
How much does Volvo S60 insurance cost?
Volvo S60 car insurance costs an average of $2,024 per year, or about $169 a month, for a full coverage policy. With the average small luxury car costing $1,994 a year to insure, the Volvo S60 could cost $30 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 13th out of 19 comparison vehicles in the small luxury car category for car insurance affordability. The S60 costs an estimated $2,024 per year for full coverage insurance, while the segment median rate is $1,994 per year. That makes the S60 $30 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 $186 more per year than the BMW 330i, $26 more than the Mercedes-Benz C300, $156 more than the Acura TLX, and $18 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.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Acura Integra | $1,624 | -$400 |
| 2 | BMW 330i | $1,838 | -$186 |
| 3 | Acura TLX | $1,868 | -$156 |
| 4 | Cadillac CT4 | $1,890 | -$134 |
| 5 | Genesis G70 | $1,928 | -$96 |
| 6 | BMW 330e | $1,960 | -$64 |
| 7 | BMW 228i | $1,970 | -$54 |
| 8 | BMW 230i | $1,984 | -$40 |
| 9 | Mercedes-Benz C300 | $1,998 | -$26 |
| 10 | Audi A4 | $2,006 | -$18 |
| 11 | Lexus RC 350 | $2,010 | -$14 |
| 12 | Audi S3 | $2,020 | -$4 |
| 13 | Volvo S60 | $2,024 | -- |
| 14 | Alfa Romeo Giulia | $2,044 | $20 |
| 15 | BMW M235i | $2,050 | $26 |
| 16 | Lexus IS 350 | $2,084 | $60 |
| 17 | Audi RS 3 | $2,162 | $138 |
| 18 | BMW M240i | $2,208 | $184 |
| 19 | BMW M340i | $2,212 | $188 |
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 $4 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 $184 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 $26 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 $1,890 to $2,222 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.
| Volvo S60 Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| Core | $1,890 | $945 | $158 |
| Core AWD | $1,934 | $967 | $161 |
| Plus | $1,944 | $972 | $162 |
| Plus AWD | $1,980 | $990 | $165 |
| Ultimate | $1,986 | $993 | $166 |
| Ultimate AWD | $2,024 | $1,012 | $169 |
| Recharge Core | $2,050 | $1,025 | $171 |
| Recharge Plus | $2,090 | $1,045 | $174 |
| Recharge Ultimate | $2,122 | $1,061 | $177 |
| Recharge Polestar | $2,222 | $1,111 | $185 |
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 $1,364 a year in Virginia Beach, VA, or $1,506 in Columbus, OH, to high rates like $3,516 a year in New York, NY, and $3,108 in Los Angeles, CA.
Rate averages for some other cities include Houston car insurance at $2,056 per year, Denver, CO, costing $2,358, San Diego, CA, at an estimated $2,166, and Colorado Springs, CO, averaging $2,310.
The next chart illustrates typical insurance cost data for a Volvo S60 for the thirty cities with the highest population in the U.S.
