Volvo V60 Car Insurance Rates for 2021

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.

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How much does Volvo V60 car insurance cost?

Volvo V60 car insurance rates average $1,432 yearly, or $119 on a monthly basis. You can expect to pay around $311 less each year to insure a Volvo V60 compared to the midsize luxury SUVs average rate, and $91 less per year than the all-vehicle national average of $1,523.

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 $1,078 per year for a driver age 60 with deductibles of $1,000 to the highest price of $3,302 each year for a driver age 20 with low deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2021 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.
Volvo V60 Insurance Rate Summary
Volvo V60 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,392$199
$500$2,836$236
$250$3,302$275
30$1,000$1,260$105
$500$1,508$126
$250$1,768$147
40$1,000$1,204$100
$500$1,432$119
$250$1,670$139
50$1,000$1,096$91
$500$1,302$109
$250$1,514$126
60$1,000$1,078$90
$500$1,280$107
$250$1,490$124

The following table shows average car insurance rates for the 2011 to 2021 V60 model years for both annual, semi-annual, and monthly policy terms.

Volvo V60 Insurance Cost for 2011-2021 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2021 Volvo V60$1,432$716$119
2020 Volvo V60$1,394$697$116
2018 Volvo V60$1,262$631$105
2017 Volvo V60$1,256$628$105
2016 Volvo V60$1,316$658$110
2015 Volvo V60$1,178$589$98
2012 Volvo V60$1,154$577$96
2011 Volvo V60$1,131$566$94

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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.
Volvo V60 Insurance Rates by Model Year

What is the cheapest Volvo V60 insurance?

With average Volvo V60 insurance rates ranging from $1,416 to $1,510 per year, the cheapest V60 to insure is the T5 Inscription AWD. The next cheapest model to insure is the V60 T5 Momentum 2WD also at $1,416 per year.

The three most expensive V60 models to insure are the Volvo V60 T5 R-Design 2WD, the T5 R-Design AWD, and the T5 Cross Country AWD trim levels at $1,416,  $1,416, and $1,510 per year, respectively.

The next table shows average insurance rates for all V60 trim levels for the 2021 model year.

2021 Volvo V60 Insurance Cost by Trim Level
Volvo V60 Trim Level Annual Policy 6-month Policy Per Month
T5 Inscription AWD$1,416$708$118
T5 Momentum 2WD$1,416$708$118
T5 Momentum AWD$1,416$708$118
T5 R-Design 2WD$1,416$708$118
T5 R-Design AWD$1,416$708$118
T5 Cross Country AWD$1,510$755$126

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Table Data Details: Average rates are for a 2021 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.
Volvo V60 Insurance Cost by Trim Level

Is Volvo V60 car insurance expensive?

The Volvo V60 ranks #1 out of 30 comparison vehicles in the 2021 midsize luxury SUV segment. The V60 costs an average of $1,432 per year to insure for full coverage, while the category average is $1,743 per year, a difference of $311 per year.

When compared to similar vehicles, insurance for a Volvo V60 costs $100 less per year than the Lexus RX 350, $396 less than the BMW X5, $266 less than the Infiniti QX60, and $456 less than the Audi Q7.

The chart below shows how average 2021 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 30 vehicle midsize luxury SUV segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2021 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.
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
1Volvo V60$1,432--
2Cadillac XT5$1,466$34
3Lincoln Nautilus$1,506$74
4Lexus RX 350$1,532$100
5Infiniti QX50$1,540$108
6Jaguar E-Pace$1,550$118
7Lexus RX 350L$1,578$146
8Cadillac XT6$1,592$160
9Acura MDX$1,614$182
10Genesis GV80$1,640$208
11Mercedes-Benz GLE450$1,648$216
12Lincoln Aviator$1,654$222
13Volvo V90$1,670$238
14Infiniti QX60$1,698$266
15Land Rover Discovery Sport$1,706$274
16Lexus GX 460$1,730$298
17Mercedes-Benz AMG GLC43$1,774$342
18Audi SQ5$1,794$362
19Mercedes-Benz GLE350$1,798$366
20Land Rover Discovery$1,804$372
21Lexus RX 450$1,818$386
22Audi Q8$1,826$394
23BMW X5$1,828$396
24Mercedes-Benz AMG GLC63$1,878$446
25Audi Q7$1,888$456
26Audi e-tron$1,936$504
27BMW X6$2,000$568
28Tesla Model X$2,062$630
29Porsche Cayenne$2,114$682
30Mercedes-Benz AMG GLE63$2,224$792

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 $43 and $151 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 $656 per year for a 30-year-old driver and as much as $450 per year for a 50-year-old driver.
  • Insuring teenagers can be very expensive. Average rates for full coverage V60 insurance costs $5,072 per year for a 16-year-old driver, $4,750 per year for a 17-year-old driver, and $4,442 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 $372 per year. Major misdemeanor violations like DUI and hit-and-run could raise rates by an additional $1,300 or more.
  • Getting older means more affordable car insurance rates. The difference in insurance cost on a 2021 V60 between a 40-year-old driver ($1,432 per year) and a 20-year-old driver ($2,836 per year) is $1,404, or a savings of 49.5%.