Insuring a Volvo V60: Everything You Need to Know

Are car insurance rates for a Volvo V60 expensive?

From the Cross Country Plus trim level up to the top level Recharge Polestar trim level, we break down insurance rates on the V60 to discover how rate quotes rank against competing midsize luxury SUVs.

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How much does Volvo V60 car insurance cost?

Volvo V60 car insurance rates average $2,742 yearly, or $229 on a monthly basis. You can expect to pay around $40 less each year to insure a Volvo V60 compared to the midsize luxury SUVs average rate, and $521 more per year than the all-vehicle national average of $2,221.

The following chart shows how average V60 car insurance rates vary based on the age of the rated driver and coverage deductibles. For an annual policy, average cost ranges from the lowest rate of $1,896 per year for a driver age 60 with deductibles of $1,000 to the highest price of $6,462 each year for a driver age 20 with low deductibles.

Average 2024 Volvo V60 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 Volvo V60 car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

Get Rates in Your AreaWhy is this important?

Data Methodology: Average premiums are based on a 2024 model year Volvo V60. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 Volvo V60 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$4,622$385
$500$5,516$460
$250$6,462$539
30-Year-Old$1,000$2,434$203
$500$2,930$244
$250$3,448$287
40-Year-Old$1,000$2,286$191
$500$2,742$229
$250$3,220$268
50-Year-Old$1,000$2,026$169
$500$2,420$202
$250$2,832$236
60-Year-Old$1,000$1,896$158
$500$2,264$189
$250$2,650$221

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 Volvo V60. Updated June 27, 2025

The following table shows average car insurance rates for the 2011 to 2024 V60 model years for both annual, semi-annual, and monthly policy terms.

Volvo V60 Insurance Cost for 2011-2024 Models
Model Year and Vehicle Annual Premium Cost Per Month
2024 Volvo V60$2,742$229
2023 Volvo V60$2,446$204
2022 Volvo V60$2,310$193
2021 Volvo V60$2,004$167
2020 Volvo V60$1,942$162
2018 Volvo V60$1,696$141
2017 Volvo V60$1,680$140
2016 Volvo V60$1,698$142
2015 Volvo V60$1,488$124
2012 Volvo V60$1,458$122
2011 Volvo V60$1,429$119

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 Volvo V60 trim levels for each model year. Updated June 27, 2025

Average annual premium and cost per month to insure 2011 to 2024 Volvo V60 models
Average annual premium and cost per month to insure 2011 to 2024 Volvo V60 models

What is the cheapest Volvo V60 insurance?

The cheapest V60 insurance is on the Cross Country Plus at $2,584 per year, or about $215 per month. The most expensive model to insure is the Recharge Polestar, costing an average of $360 more per year.

The next table shows average insurance rates for all V60 trim levels for the 2024 model year.

2024 Volvo V60 Insurance Rates by Trim Level
2024 Volvo V60 Trim Level Annual Premium Cost Per Month
Cross Country Plus$2,584$215
Cross Country Ultimate$2,698$225
Recharge Polestar$2,944$245

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 June 26, 2025

Insurance cost by trim level for a 2024 Volvo V60 ranging from the Cross Country Plus model at $2,584 per year to the Recharge Polestar model at $2,944
Insurance cost by trim level for a 2024 Volvo V60 ranging from the Cross Country Plus model at $2,584 per year to the Recharge Polestar model at $2,944

Is Volvo V60 car insurance expensive?

The Volvo V60 ranks 20th out of 41 comparison vehicles in the 2024 midsize luxury SUV segment. The V60 costs an average of $2,742 per year to insure for full coverage, while the category average is $2,782 per year, a difference of $40 per year.

When compared to similar vehicles, insurance for a Volvo V60 costs $392 more per year than the Lexus RX 350, $250 less than the BMW X5, $438 more than the Infiniti QX60, and $100 less than the Audi Q7.

The chart below shows how average 2024 Volvo V60 insurance rates compare to the top 10 most popular midsize luxury SUVs in the U.S. Additionally, an insurance affordability ranking table is included after the chart breaking down insurance rates for the entire 41 vehicle midsize luxury SUV segment.

Average 2024 Volvo V60 car insurance premium compared to other midsize luxury SUV models.
Figure 2: Average 2024 Volvo V60 car insurance premium compared to other midsize luxury SUV models. Rates updated on June 27, 2025.

Data Methodology: Average rates are for a 2024 model year Volvo V60. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all Volvo V60 trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

Volvo V60 Insurance Cost Compared to All Midsize Luxury SUVs
Rank Make and Model Annual Premium Difference
1Jaguar E-Pace$2,190-$552
2Cadillac XT5$2,210-$532
3Infiniti QX50$2,276-$466
4Cadillac XT6$2,292-$450
5Infiniti QX60$2,304-$438
6Mercedes-Benz AMG GLB35$2,308-$434
7Acura MDX$2,342-$400
8Lexus RX 350$2,350-$392
9Lexus TX 350$2,380-$362
10Lexus RX 350h$2,410-$332
11Lexus TX 500h$2,446-$296
12Lexus RX 500h$2,454-$288
13Lincoln Nautilus$2,472-$270
14Lexus RX 450h$2,476-$266
15Volvo V90$2,496-$246
16Audi SQ5$2,584-$158
17Mercedes-Benz GLE350$2,616-$126
18Lincoln Aviator$2,636-$106
19Lexus GX 550$2,664-$78
20Volvo V60$2,742--
21Land Rover Discovery Sport$2,746$4
22Mercedes-Benz GLE450$2,758$16
23Cadillac Lyriq$2,784$42
24Volvo EX90$2,806$64
25Audi Q7$2,842$100
26Genesis GV80$2,854$112
27Mercedes-Benz AMG GLC43$2,868$126
28Audi e-tron$2,920$178
29Tesla Model X$2,944$202
30BMW X5$2,992$250
31Audi Q8$3,012$270
32Land Rover Discovery$3,026$284
33Mercedes-Benz AMG GLE53$3,046$304
34Audi SQ7$3,148$406
35BMW iX$3,192$450
36BMW X6$3,272$530
37Land Rover Range Rover Sport$3,410$668
38Audi RS 6$3,482$740
39Porsche Cayenne$3,506$764
40BMW XM$3,844$1,102
41Mercedes-Benz AMG GLE63$3,948$1,206

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 June 27, 2025

Some other insights regarding the cost of insurance for a Volvo V60 include:

  • Your employment could lower your rates. Many car insurance companies offer discounts for working in professions like emergency medical technicians, police officers and law enforcement, scientists, nurses, lawyers, farmers, and other occupations. By working in a job that qualifies, you may save between $82 and $228 on your yearly V60 insurance cost, depending on the age of the rated driver.
  • Drive safe and save. Too many at-fault accidents will increase rates, possibly as much as $1,316 per year for a 30-year-old driver and as much as $806 per year for a 50-year-old driver.
  • Insuring teenagers can be very expensive. Average rates for full coverage V60 insurance costs $9,670 per year for a 16-year-old driver, $9,400 per year for a 17-year-old driver, and $8,485 per year for an 18-year-old driver.
  • A good driving record means cheaper insurance rates. To get the most affordable price on V60 insurance rates, it pays to be a conservative driver. Just a few minor infractions have the potential to raise insurance policy rates as much as $724 per year. Major misdemeanor violations like DUI and hit-and-run could raise rates by an additional $2,538 or more.
  • Getting older means more affordable car insurance rates. The difference in insurance cost on a 2024 V60 between a 40-year-old driver ($2,742 per year) and a 20-year-old driver ($5,516 per year) is $2,774, or a savings of 67.2%.