Volvo V60 Car Insurance Rates for 2022

How much does Volvo V60 insurance cost? We analyzed car insurance rates from the T5 Inscription up to the T5 Cross Country AWD model to find out how V60 insurance rates compared to other midsize luxury SUVs.

Start QuoteCompare V60 car insurance rates and save on your next policy.

How much does Volvo V60 car insurance cost?

Volvo V60 car insurance rates average $1,648 yearly, or $137 on a monthly basis. You can expect to pay around $195 less each year to insure a Volvo V60 compared to the midsize luxury SUVs average rate, and $81 more per year than the all-vehicle national average of $1,567.

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 $1,232 per year for a driver age 60 with deductibles of $1,000 to the highest price of $3,842 each year for a driver age 20 with low deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2022 Volvo V60 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Volvo V60 trim levels.Data last updated on December 1, 2022
Volvo V60 Insurance Rate Summary
Volvo V60 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,736$228
$500$3,274$273
$250$3,842$320
30$1,000$1,448$121
$500$1,746$146
$250$2,060$172
40$1,000$1,374$115
$500$1,648$137
$250$1,936$161
50$1,000$1,254$105
$500$1,500$125
$250$1,758$147
60$1,000$1,232$103
$500$1,474$123
$250$1,726$144

The following table shows average car insurance rates for the 2011 to 2022 V60 model years for both annual, semi-annual, and monthly policy terms.

Volvo V60 Insurance Cost for 2011-2022 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2022 Volvo V60$1,648$824$137
2021 Volvo V60$1,420$710$118
2020 Volvo V60$1,392$696$116
2018 Volvo V60$1,262$631$105
2017 Volvo V60$1,258$629$105
2016 Volvo V60$1,302$651$109
2015 Volvo V60$1,166$583$97
2012 Volvo V60$1,143$571$95
2011 Volvo V60$1,120$560$93

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 1, 2022
Volvo V60 Insurance Rates by Model Year

What is the cheapest Volvo V60 insurance?

The cheapest V60 insurance is on the Cross Country AWD at $1,534 per year, or about $128 per month. The most expensive model to insure is the Recharge eAWD, costing an average of $230 more per year.

The next table shows average insurance rates for all V60 trim levels for the 2022 model year.

2022 Volvo V60 Insurance Cost by Trim Level
Volvo V60 Trim Level Annual Policy 6-month Policy Per Month
Cross Country AWD$1,534$767$128
Recharge eAWD$1,764$882$147

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Volvo V60, 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 December 1, 2022
Volvo V60 Insurance Cost by Trim Level

Is Volvo V60 car insurance expensive?

The Volvo V60 ranks #10 out of 36 comparison vehicles in the 2022 midsize luxury SUV segment. The V60 costs an average of $1,648 per year to insure for full coverage, while the category average is $1,843 per year, a difference of $195 per year.

When compared to similar vehicles, insurance for a Volvo V60 costs $78 more per year than the Lexus RX 350, $290 less than the BMW X5, $126 less than the Infiniti QX60, and $350 less than the Audi Q7.

The chart below shows how average 2022 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 36 vehicle midsize luxury SUV segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Volvo V60, 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 Volvo V60 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 1, 2022
Volvo V60 vs Top 10 Midsize Luxury SUVs Insurance Cost Comparison
Volvo V60 Insurance Cost Compared to All Midsize Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Cadillac XT5$1,500-$148
2Jaguar E-Pace$1,564-$84
3Lexus RX 350$1,570-$78
4Acura MDX$1,578-$70
5Lincoln Nautilus$1,594-$54
6Lexus RX 450h$1,608-$40
7Infiniti QX50$1,614-$34
8Lexus RX 350L$1,628-$20
9Cadillac XT6$1,640-$8
10Volvo V60$1,648--
11Land Rover Discovery$1,660$12
12Land Rover Discovery Sport$1,662$14
13Lexus RX 450hL$1,676$28
14Volvo V90$1,688$40
15Lincoln Aviator$1,720$72
16Mercedes-Benz AMG GLB35$1,740$92
17Mercedes-Benz GLE450$1,744$96
18Lexus GX 460$1,766$118
19Infiniti QX60$1,774$126
20Mercedes-Benz GLE350$1,784$136
21Genesis GV80$1,818$170
22Mercedes-Benz AMG GLC43$1,846$198
23Audi SQ5$1,874$226
24BMW X5$1,938$290
25Audi Q8$1,966$318
26Audi Q7$1,998$350
27Land Rover Range Rover Sport$2,020$372
28BMW iX$2,034$386
29Tesla Model X$2,064$416
30Audi SQ7$2,124$476
31Audi e-tron$2,144$496
32Mercedes-Benz AMG GLE53$2,150$502
33BMW X6$2,200$552
34Mercedes-Benz AMG GLE63$2,292$644
35Porsche Cayenne$2,314$666
36Audi RS 6$2,390$742

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 $49 and $159 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 $760 per year for a 30-year-old driver and as much as $514 per year for a 50-year-old driver.
  • Insuring teenagers can be very expensive. Average rates for full coverage V60 insurance costs $5,772 per year for a 16-year-old driver, $5,432 per year for a 17-year-old driver, and $5,086 per year for a 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 $428 per year. Major misdemeanor violations like DUI and hit-and-run could raise rates by an additional $1,506 or more.
  • Getting older means more affordable car insurance rates. The difference in insurance cost on a 2022 V60 between a 40-year-old driver ($1,648 per year) and a 20-year-old driver ($3,274 per year) is $1,626, or a savings of 49.7%.