- Volvo V60 insurance costs an average of $1,946 per year or around $162 per month, for a policy with full coverage.
- Average Volvo V60 insurance rates range from $1,836 to $2,084 annually, depending on trim level.
- When compared to the entire 2023 midsize luxury SUV segment, the V60 performs well, ranking 14th out of 37 total comparison vehicles.
How much does Volvo V60 car insurance cost?
Volvo V60 car insurance rates average $1,946 yearly, or $162 on a monthly basis. You can expect to pay around $158 less each year to insure a Volvo V60 compared to the midsize luxury SUVs average rate, and $218 more per year than the all-vehicle national average of $1,728.
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 $1,464 per year for a driver age 60 with deductibles of $1,000 to the highest price of $4,508 each year for a driver age 20 with low deductibles.
The following table shows average car insurance rates for the 2011 to 2023 V60 model years for both annual, semi-annual, and monthly policy terms.
| Model Year and Vehicle | Annual Rate | 6-month Rate | Monthly Rate |
|---|---|---|---|
| 2023 Volvo V60 | $1,946 | $973 | $162 |
| 2022 Volvo V60 | $1,832 | $916 | $153 |
| 2021 Volvo V60 | $1,588 | $794 | $132 |
| 2020 Volvo V60 | $1,564 | $782 | $130 |
| 2018 Volvo V60 | $1,396 | $698 | $116 |
| 2017 Volvo V60 | $1,380 | $690 | $115 |
| 2016 Volvo V60 | $1,436 | $718 | $120 |
| 2015 Volvo V60 | $1,256 | $628 | $105 |
| 2012 Volvo V60 | $1,231 | $615 | $103 |
| 2011 Volvo V60 | $1,206 | $603 | $101 |
What is the cheapest Volvo V60 insurance?
The cheapest V60 insurance is on the Cross Country Plus at $1,836 per year, or about $153 per month. The most expensive model to insure is the Recharge Polestar, costing an average of $248 more per year.
The next table shows average insurance rates for all V60 trim levels for the 2023 model year.
| Volvo V60 Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| Cross Country Plus | $1,836 | $918 | $153 |
| Cross Country Ultimate | $1,916 | $958 | $160 |
| Recharge Polestar | $2,084 | $1,042 | $174 |
Is Volvo V60 car insurance expensive?
The Volvo V60 ranks 14th out of 37 comparison vehicles in the 2023 midsize luxury SUV segment. The V60 costs an average of $1,946 per year to insure for full coverage, while the category average is $2,104 per year, a difference of $158 per year.
When compared to similar vehicles, insurance for a Volvo V60 costs $326 more per year than the Lexus RX 350, $342 less than the BMW X5, $80 less than the Infiniti QX60, and $212 less than the Audi Q7.
The chart below shows how average 2023 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 37 vehicle midsize luxury SUV segment.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Lexus RX 350 | $1,620 | -$326 |
| 2 | Infiniti QX50 | $1,676 | -$270 |
| 3 | Cadillac XT5 | $1,720 | -$226 |
| 4 | Cadillac XT6 | $1,762 | -$184 |
| 5 | Acura MDX | $1,800 | -$146 |
| 6 | Lincoln Nautilus | $1,834 | -$112 |
| 7 | Lexus RX 350L | $1,850 | -$96 |
| 8 | Land Rover Discovery Sport | $1,854 | -$92 |
| 9 | Jaguar E-Pace | $1,856 | -$90 |
| 10 | Volvo V90 | $1,886 | -$60 |
| 11 | Lexus RX 450h | $1,908 | -$38 |
| 12 | Lexus GX 460 | $1,928 | -$18 |
| 13 | Lexus RX 450hL | $1,938 | -$8 |
| 14 | Volvo V60 | $1,946 | -- |
| 15 | Genesis GV80 | $1,986 | $40 |
| 16 | Mercedes-Benz AMG GLB35 | $1,988 | $42 |
| 17 | Audi SQ5 | $1,990 | $44 |
| 18 | Lincoln Aviator | $2,008 | $62 |
| 19 | Infiniti QX60 | $2,026 | $80 |
| 20 | Mercedes-Benz GLE450 | $2,042 | $96 |
| 21 | Mercedes-Benz GLE350 | $2,066 | $120 |
| 22 | Land Rover Discovery | $2,074 | $128 |
| 23 | Mercedes-Benz AMG GLC43 | $2,110 | $164 |
| 24 | Audi Q7 | $2,158 | $212 |
| 25 | Audi e-tron | $2,232 | $286 |
| 26 | Tesla Model X | $2,242 | $296 |
| 27 | Mercedes-Benz AMG GLE53 | $2,248 | $302 |
| 28 | BMW X5 | $2,288 | $342 |
| 29 | Audi Q8 | $2,298 | $352 |
| 30 | Land Rover Range Rover Sport | $2,312 | $366 |
| 31 | Audi SQ7 | $2,426 | $480 |
| 32 | BMW iX | $2,458 | $512 |
| 33 | BMW X6 | $2,508 | $562 |
| 34 | Porsche Cayenne | $2,528 | $582 |
| 35 | Mercedes-Benz AMG GLE63 | $2,650 | $704 |
| 36 | Audi RS 6 | $2,694 | $748 |
| 37 | BMW XM | $2,948 | $1,002 |
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 $58 and $183 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 $902 per year for a 30-year-old driver and as much as $620 per year for a 50-year-old driver.
- Insuring teenagers can be very expensive. Average rates for full coverage V60 insurance costs $6,934 per year for a 16-year-old driver, $6,494 per year for a 17-year-old driver, and $6,070 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 $510 per year. Major misdemeanor violations like DUI and hit-and-run could raise rates by an additional $1,786 or more.
- Getting older means more affordable car insurance rates. The difference in insurance cost on a 2023 V60 between a 40-year-old driver ($1,946 per year) and a 20-year-old driver ($3,870 per year) is $1,924, or a savings of 66.2%.