- Volvo V60 insurance costs an average of $2,220 per year or around $185 per month, for a policy with full coverage.
- Average Volvo V60 insurance rates range from $2,094 to $2,384 annually, depending on trim level.
- When compared to the entire 2024 midsize luxury SUV segment, the V60 performs well, ranking 20th out of 41 total comparison vehicles.
How much does Volvo V60 car insurance cost?
Volvo V60 car insurance rates average $2,220 yearly, or $185 on a monthly basis. You can expect to pay around $33 less each year to insure a Volvo V60 compared to the midsize luxury SUVs average rate, and $337 more per year than the all-vehicle national average of $1,883.
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 $1,538 per year for a driver age 60 with deductibles of $1,000 to the highest price of $5,240 each year for a driver age 20 with low deductibles.
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.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2024 Volvo V60 | $2,220 | $185 |
| 2023 Volvo V60 | $1,980 | $165 |
| 2022 Volvo V60 | $1,872 | $156 |
| 2021 Volvo V60 | $1,622 | $135 |
| 2020 Volvo V60 | $1,574 | $131 |
| 2018 Volvo V60 | $1,374 | $115 |
| 2017 Volvo V60 | $1,362 | $114 |
| 2016 Volvo V60 | $1,378 | $115 |
| 2015 Volvo V60 | $1,206 | $101 |
| 2012 Volvo V60 | $1,182 | $98 |
| 2011 Volvo V60 | $1,158 | $97 |
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 February 23, 2024
What is the cheapest Volvo V60 insurance?
The cheapest V60 insurance is on the Cross Country Plus at $2,094 per year, or about $175 per month. The most expensive model to insure is the Recharge Polestar, costing an average of $290 more per year.
The next table shows average insurance rates for all V60 trim levels for the 2024 model year.
| 2024 Volvo V60 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Cross Country Plus | $2,094 | $175 |
| Cross Country Ultimate | $2,186 | $182 |
| Recharge Polestar | $2,384 | $199 |
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 February 23, 2024
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 $2,220 per year to insure for full coverage, while the category average is $2,253 per year, a difference of $33 per year.
When compared to similar vehicles, insurance for a Volvo V60 costs $322 more per year than the Lexus RX 350, $204 less than the BMW X5, $352 more than the Infiniti QX60, and $84 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Jaguar E-Pace | $1,776 | -$444 |
| 2 | Cadillac XT5 | $1,792 | -$428 |
| 3 | Infiniti QX50 | $1,844 | -$376 |
| 4 | Cadillac XT6 | $1,856 | -$364 |
| 5 | Infiniti QX60 | $1,868 | -$352 |
| 6 | Mercedes-Benz AMG GLB35 | $1,870 | -$350 |
| 7 | Acura MDX | $1,896 | -$324 |
| 8 | Lexus RX 350 | $1,898 | -$322 |
| 9 | Lexus TX 350 | $1,928 | -$292 |
| 10 | Lexus RX 350h | $1,952 | -$268 |
| 11 | Lexus TX 500h | $1,980 | -$240 |
| 12 | Lexus RX 500h | $1,986 | -$234 |
| 13 | Lincoln Nautilus | $2,002 | -$218 |
| 14 | Lexus RX 450h | $2,008 | -$212 |
| 15 | Volvo V90 | $2,022 | -$198 |
| 16 | Audi SQ5 | $2,094 | -$126 |
| 17 | Mercedes-Benz GLE350 | $2,118 | -$102 |
| 18 | Lincoln Aviator | $2,134 | -$86 |
| 19 | Lexus GX 550 | $2,158 | -$62 |
| 20 | Volvo V60 | $2,220 | -- |
| 21 | Land Rover Discovery Sport | $2,226 | $6 |
| 22 | Mercedes-Benz GLE450 | $2,236 | $16 |
| 23 | Cadillac Lyriq | $2,254 | $34 |
| 24 | Volvo EX90 | $2,274 | $54 |
| 25 | Audi Q7 | $2,304 | $84 |
| 26 | Genesis GV80 | $2,312 | $92 |
| 27 | Mercedes-Benz AMG GLC43 | $2,324 | $104 |
| 28 | Audi e-tron | $2,366 | $146 |
| 29 | Tesla Model X | $2,384 | $164 |
| 30 | BMW X5 | $2,424 | $204 |
| 31 | Audi Q8 | $2,438 | $218 |
| 32 | Land Rover Discovery | $2,452 | $232 |
| 33 | Mercedes-Benz AMG GLE53 | $2,466 | $246 |
| 34 | Audi SQ7 | $2,550 | $330 |
| 35 | BMW iX | $2,586 | $366 |
| 36 | BMW X6 | $2,652 | $432 |
| 37 | Land Rover Range Rover Sport | $2,762 | $542 |
| 38 | Audi RS 6 | $2,818 | $598 |
| 39 | Porsche Cayenne | $2,842 | $622 |
| 40 | BMW XM | $3,114 | $894 |
| 41 | Mercedes-Benz AMG GLE63 | $3,198 | $978 |
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 February 23, 2024
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 $67 and $185 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 $1,070 per year for a 30-year-old driver and as much as $654 per year for a 50-year-old driver.
- Insuring teenagers can be very expensive. Average rates for full coverage V60 insurance costs $7,839 per year for a 16-year-old driver, $7,620 per year for a 17-year-old driver, and $6,880 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 $588 per year. Major misdemeanor violations like DUI and hit-and-run could raise rates by an additional $2,060 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 ($2,220 per year) and a 20-year-old driver ($4,472 per year) is $2,252, or a savings of 67.3%.