- Volvo XC60 insurance rates average $2,370 per year or $1,185 for a semi-annual policy, depending on the trim level.
- When compared to the entire small luxury SUV segment, the XC60 ranks very well at 14th out of 38 total comparison vehicles.
- The cheapest Volvo XC60 insurance is on the Core B5 AWD model, costing an average of $2,170 per year.
- At the high end, the XC60 Recharge Polestar is the most expensive to insure at $2,554 for an annual policy.
How much does Volvo XC60 insurance cost?
Insurance for a Volvo XC60 averages $2,370 a year for full coverage, or $198 a month. With the average small luxury SUV costing $2,541 a year to insure, the Volvo XC60 could save around $171 or more each year.
Depending on the trim level being insured, average monthly car insurance cost for a Volvo XC60 ranges from $181 to $213, with the Core B5 AWD being cheapest and the Recharge Polestar costing the most to insure.
The chart below details average car insurance rates on a 2024 Volvo XC60 using variations of driver age and risk profiles.
The XC60 vs other SUVs: How does insurance cost rank?
The Volvo XC60 ranks 14th out of 38 total comparison vehicles in the small luxury SUV class. The XC60 costs an estimated $2,370 per year to insure, while the category average cost is $2,541 per year, a difference of $171 per year.
When compared directly to the most popular models in the small luxury SUV segment, car insurance for a Volvo XC60 costs $160 more per year than the Lexus NX 350h, $142 less than the Mercedes-Benz GLC300, $394 less than the BMW X3, and $412 more than the Acura RDX.
The table below shows how average Volvo XC60 car insurance rates compare against the entire class of 38 small luxury SUVs for the 2024 model year.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Acura RDX | $1,958 | -$412 |
| 2 | Lexus NX 250 | $2,072 | -$298 |
| 3 | Cadillac XT4 | $2,114 | -$256 |
| 4 | Lexus NX 350h | $2,210 | -$160 |
| 5 | Lincoln Corsair | $2,236 | -$134 |
| 6 | Mercedes-Benz GLB 250 | $2,240 | -$130 |
| 7 | Lexus UX 250h | $2,246 | -$124 |
| 8 | Lexus NX 450h | $2,258 | -$112 |
| 9 | Mercedes-Benz GLA250 | $2,282 | -$88 |
| 10 | Mercedes-Benz GLA35 AMG | $2,290 | -$80 |
| 11 | Land Rover Evoque | $2,336 | -$34 |
| 12 | Lexus NX 350 | $2,348 | -$22 |
| 13 | Volvo XC40 | $2,356 | -$14 |
| 14 | Volvo XC60 | $2,370 | -- |
| 15 | Alfa Romeo Tonale | $2,376 | $6 |
| 16 | Mercedes-Benz GLA45 AMG | $2,388 | $18 |
| 17 | BMW X1 | $2,420 | $50 |
| 18 | Infiniti QX55 | $2,424 | $54 |
| 19 | Volvo C40 | $2,442 | $72 |
| 20 | BMW X2 | $2,452 | $82 |
| 21 | Lexus RZ 450e | $2,478 | $108 |
| 22 | Mercedes-Benz EQB 300 | $2,492 | $122 |
| 23 | Mercedes-Benz GLC300 | $2,512 | $142 |
| 24 | Mercedes-Benz EQB 350 | $2,552 | $182 |
| 25 | Genesis GV70 | $2,582 | $212 |
| 26 | Audi Q3 | $2,596 | $226 |
| 27 | Audi Q5 | $2,606 | $236 |
| 28 | Alfa Romeo Stelvio | $2,630 | $260 |
| 29 | Land Rover Range Rover Velar | $2,660 | $290 |
| 30 | BMW X4 | $2,712 | $342 |
| 31 | Audi Q4 | $2,736 | $366 |
| 32 | BMW X3 | $2,764 | $394 |
| 33 | Genesis GV60 | $2,848 | $478 |
| 34 | Porsche Macan | $2,894 | $524 |
| 35 | Jaguar I-Pace | $2,926 | $556 |
| 36 | Land Rover Defender | $3,042 | $672 |
| 37 | Jaguar F-Pace | $3,130 | $760 |
| 38 | Aston Martin DBX | $4,562 | $2,192 |
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
A different approach is seeing how the cost of insurance for a Volvo XC60 compares to other models with similar purchase prices. With an average MSRP of $60,995, the cost to purchase a 2024 Volvo XC60 ranges from $47,845 to $76,645, before delivery and documentation fees.
The models in the small luxury SUV segment that have the most similar sticker prices to the XC60 are the Genesis GV60, Lexus NX 450h, Lexus RZ 450e, and Mercedes-Benz EQB 350.
The next list compares both MSRP and average insurance cost between those four luxury models and a 2024 Volvo XC60.
- Volvo XC60 vs. Genesis GV60 – With an average sticker price of $60,700 ($52,000 to $69,550), the Genesis GV60 costs $295 less than the average cost of the XC60. Expect to pay an average of $478 more annually for full-coverage insurance on the Genesis GV60 compared to a XC60.
- Volvo XC60 vs. Lexus NX 450h – The Lexus NX 450h sells for an average of $60,530, ranging from $52,000 to $61,155, which is $465 cheaper than the average MSRP for the XC60. Anticipate paying an average of $112 less every 12 months for full-coverage insurance on the Lexus NX 450h compared to a XC60.
- Volvo XC60 vs. Lexus RZ 450e – With an average MSRP of $62,400 and ranging from $59,650 to $65,150, the 2024 Lexus RZ 450e costs $1,405 more than the average cost of the XC60. Car insurance for the Lexus RZ 450e costs an average of $108 more every 12 months than the Volvo XC60.
- Volvo XC60 vs. Mercedes-Benz EQB 350 – With an average MSRP of $59,233 and ranging from $58,050 to $60,350, the Mercedes-Benz EQB 350 costs $1,762 less than the MSRP for the XC60. The cost to insure a XC60 compared to the Mercedes-Benz EQB 350 is $182 less every 12 months on average.
For rate comparisons for other makes and models, visit our car insurance cost comparisons index.
What is the cheapest Volvo XC60 insurance?
With Volvo XC60 insurance rates ranging from $2,170 to $2,554 annually on average, the cheapest trim level to insure is the Core B5 AWD. The next cheapest model to insure is the Plus B5 AWD at $2,256 per year. On average, expect to budget around $181 per month to insure a new XC60.
The most expensive trim levels of Volvo XC60 to insure are the Recharge Polestar and the Recharge Ultimate at $2,554 per year. Those trim levels will cost an extra $384 per year over the lowest cost Core B5 AWD model.
The next table details annual, 6-month, and monthly average car insurance rates for each 2024 Volvo XC60 package and trim.
| 2024 Volvo XC60 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Core B5 AWD | $2,170 | $181 |
| Plus B5 AWD | $2,256 | $188 |
| Ultimate B5 AWD | $2,342 | $195 |
| Recharge Core | $2,364 | $197 |
| Recharge Plus | $2,422 | $202 |
| Recharge Ultimate | $2,480 | $207 |
| Recharge Polestar | $2,554 | $213 |
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
