Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used Volvo S60? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

Volvo S60 car insurance facts

  • Average full coverage auto insurance premium: $143/month

  • Most affordable companies: Travelers ($93/month) & Liberty Mutual ($96/month)

  • S60 car insurance cost vs. average rate: $33 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Volvo S60 by model year and car insurance company.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Volvo S60 car insurance costs by state:

Risk factors affecting S60 rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Volvo S60 coverage?

Many driver discounts are available to people through most major auto insurers, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Volvo models, you can get the following discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Volvo Luxury Automobile Brand

Volvo is a Swedish luxury automobile brand partially owned by a Chinese company in the United States market. Volvo’s target market is families typically with children in the higher-end price vehicle market. All of Volvo’s automobiles have high safety ratings, with 11 of their vehicles getting “Top Safety Pick” and 5-star ratings from the National Highway Traffic Safety Administration (NHTSA). The S60, XC60, and the XC90 are their most popular vehicles.

Higher than average S60 repair costs equal higher coverage rates

Volvo’s are considered a niche vehicle in the United States market. Many consumers are attracted to the Volvo for its style and driver-assist technologies, like Volvo’s Pilot Assist. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a Volvo is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many Volvo’s are going to have higher than average insurance rates to similar vehicles in its class.

Rapid depreciation for S60’s affecting auto policies

Another factor to consider for Volvo’s, is they depreciate rapidly, affecting coverage rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Volvo models. This could put you in a difficult situation position since many insurance companies will subtract depreciation from the amount paid for your claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower coverage rates for drivers

Volvo’s are known for their safety ratings, safety features, and driver-assist technologies (semiautonomous driving), lowering coverage rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in Volvo models. The V60, S90, and V90 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Volvo top safety ratings each year, lowering your insurance costs.

AutoInsureSavings.org insurance agents recommend comprehensive and collision coverage and uninsured motorist coverage for new Volvo automobile owners. 

2021 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Allied$2173
Allstate$1839
American Family$1609
Amica$2248
Auto-Owners$1877
Direct Auto$1654
Erie$1324
Farmers$1513
GEICO$1350
Liberty Mutual$1149
Mercury$1732
MetLife$2038
Nationwide$1355
Progressive$1247
Safe Auto$1927
State Farm$1492
Tennessee Farmers$1687
Travelers$1123
USAA$1289

Compare all 2021 Volvo S60 rates

Average Cost to Insure Per Year

$1706

List Price

$38950

Trims Available

T5 Dynamic - T5 Inscription - T5 Inscription Platinum - T6 R-Design - T6 Polestar -2.0L I-4 Engine Geartronic 8-spd w/OD Transmission - with Safety Features - with Volvo IntelliSafe Safety - Oncoming Lane Mitigation, Run-off Road Mitigation, Lane Keeping Aid, Airbags, BLIS (Blind Spot Information) with steer assist, Rear Collision Warning, Cross Traffic Alert with autobrake, Pilot Assist, Adaptive Cruise Control, Distance Alert

2020 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1774
American Family$1594
Auto-Owners$1835
Erie$1249
Farmers$1503
GEICO$1259
Mercury$1725
MetLife$2018
Nationwide$1340
Progressive$1122
Safe Auto$1869
State Farm$1480
Tennessee Farmers$1635
Travelers$1080
USAA$1199
Vermont Mutual$1924

Compare all 2020 Volvo S60 rates

Average Cost to Insure Per Year

$1641

List Price

$36050

Trims Available

T5 Dynamic - T5 Inscription - T5 Inscription Platinum - T6 R-Design - T6 Polestar -2.0L I-4 Engine Geartronic 8-spd w/OD Transmission - with Safety Features - with Volvo IntelliSafe Safety - Oncoming Lane Mitigation, Run-off Road Mitigation, Lane Keeping Aid, Airbags, BLIS (Blind Spot Information) with steer assist, Rear Collision Warning, Cross Traffic Alert with autobrake, Pilot Assist, Adaptive Cruise Control, Distance Alert

2019 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1735
American Family$1579
Auto-Owners$1847
Direct Auto$1628
Erie$1248
Farmers$1480
GEICO$1256
Liberty Mutual$1132
MetLife$1937
Nationwide$1327
Progressive$1088
Safe Auto$1865
State Farm$1422
Tennessee Farmers$1603
Travelers$1078
USAA$1187
Vermont Mutual$1890

Compare all 2019 Volvo S60 rates

Average Cost to Insure Per Year

$1634

List Price

$35800

Trims Available

T5 Dynamic - T5 Inscription - T5 Inscription Platinum - T6 R-Design - T6 Polestar with Safety Features - with Volvo IntelliSafe Safety - Oncoming Lane Mitigation, Run-off Road Mitigation, Lane Keeping Aid, Airbags, BLIS (Blind Spot Information) with steer assist, Rear Collision Warning, Cross Traffic Alert with autobrake, Pilot Assist, Adaptive Cruise Control, Distance Alert

2018 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1217
Acuity$ 1217
Allied$ 1235
Allied$ 1235
Arbella$ 1365
Arbella$ 1365
Country$ 1352
Country$ 1352
Erie$ 1075
Erie$ 1075
GEICO$ 1188
GEICO$ 1188
Nationwide$ 1293
Nationwide$ 1293
Plymouth Rock Insurance$ 1290
Plymouth Rock Insurance$ 1290
State Farm$ 1466
State Farm$ 1466
Tennessee Farmers$ 1357
Tennessee Farmers$ 1357
USAA$ 1265
USAA$ 1265
Vermont Mutual$ 1172
Vermont Mutual$ 1172

Compare all 2018 Volvo S60 rates

Average Cost to Insure Per Year

$ 1603

List Price

$ 34100

Trims Available

T5 Dynamic - T5 Inscription - T5 Inscription Platinum - T6 R-Design - T6 Polestar

2017 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1195
Acuity$ 1195
Allied$ 1225
Allied$ 1225
Arbella$ 1299
Arbella$ 1299
Erie$ 944
Erie$ 944
GEICO$ 797
GEICO$ 797
Nationwide$ 1166
Nationwide$ 1166
Plymouth Rock Insurance$ 1253
Plymouth Rock Insurance$ 1253
Progressive$ 1206
Progressive$ 1206
State Farm$ 1129
State Farm$ 1129
Texas Farm Bureau$ 828
Texas Farm Bureau$ 828
USAA$ 1199
USAA$ 1199
Vermont Mutual$ 1122
Vermont Mutual$ 1122

Compare all 2017 Volvo S60 rates

Average Cost to Insure Per Year

$ 1230

List Price

$ 33950

Trims Available

T5 Dynamic - T5 Inscription - T5 Inscription Platinum - T6 R-Design Platinum - T6 Polestar

2016 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1223
Acuity$ 1223
Allied$ 1197
Allied$ 1197
Country$ 1263
Country$ 1263
Erie$ 785
Erie$ 785
GEICO$ 695
GEICO$ 695
Nationwide$ 1024
Nationwide$ 1024
Plymouth Rock Insurance$ 1203
Plymouth Rock Insurance$ 1203
Progressive$ 993
Progressive$ 993
State Farm$ 931
State Farm$ 931
Texas Farm Bureau$ 984
Texas Farm Bureau$ 984
USAA$ 945
USAA$ 945
Vermont Mutual$ 1172
Vermont Mutual$ 1172

Compare all 2016 Volvo S60 rates

Average Cost to Insure Per Year

$ 1108

List Price

$ 34150

Trims Available

T5 Drive-E - T5 - T5 Drive-E Premier - T5 Premier - T5 Drive-E Inscription - T6 Drive-E - T5 Drive-E R-Design SE - T5 Inscription - T5 Drive-E Inscription Platinum - T6 Drive-E Platinum - T5 Inscription Platinum - T6 R-Design - T6 Drive-E R-Design - T6 R-Design Platinum - T6 Drive-E R-Design Platinum - T6 Polestar

2015 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1125
Acuity$ 1125
American Family$ 1101
American Family$ 1101
Country$ 1103
Country$ 1103
Erie$ 750
Erie$ 750
GEICO$ 578
GEICO$ 578
Nationwide$ 902
Nationwide$ 902
Progressive$ 892
Progressive$ 892
State Farm$ 740
State Farm$ 740
Tennessee Farmers$ 1022
Tennessee Farmers$ 1022
Texas Farm Bureau$ 803
Texas Farm Bureau$ 803
USAA$ 790
USAA$ 790
Vermont Mutual$ 1104
Vermont Mutual$ 1104

Compare all 2015 Volvo S60 rates

Average Cost to Insure Per Year

$ 963

List Price

$ 33300

Trims Available

T5 Drive-E - T5 - T5 Drive-E Premier - T5 Drive-E Premier Plus - T5 Premier - T5 Premier Plus - T6 Drive-E - T6 Drive-E Premier Plus - T5 Drive-E Platinum - T5 Platinum - T6 Drive-E Platinum - T6 R-Design - T6 R-Design Platinum - T6 Polestar

2014 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1137
Acuity$ 1137
Allied$ 1214
Allied$ 1214
Erie$ 759
Erie$ 759
GEICO$ 716
GEICO$ 716
Nationwide$ 1129
Nationwide$ 1129
Plymouth Rock Insurance$ 1149
Plymouth Rock Insurance$ 1149
Progressive$ 1090
Progressive$ 1090
State Farm$ 945
State Farm$ 945
Tennessee Farmers$ 1098
Tennessee Farmers$ 1098
Texas Farm Bureau$ 918
Texas Farm Bureau$ 918
USAA$ 922
USAA$ 922
Vermont Mutual$ 1071
Vermont Mutual$ 1071

Compare all 2014 Volvo S60 rates

Average Cost to Insure Per Year

$ 1093

List Price

$ 32400

Trims Available

T5 - T5 Premier - T5 Premier Plus - T5 Platinum - T6 - T6 Premier Plus - T6 Platinum - T6 R-Design - T6 R-Design Platinum

2013 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1077
Acuity$ 1077
Allied$ 1069
Allied$ 1069
American Family$ 1081
American Family$ 1081
Erie$ 717
Erie$ 717
GEICO$ 587
GEICO$ 587
Nationwide$ 1013
Nationwide$ 1013
Progressive$ 936
Progressive$ 936
State Farm$ 801
State Farm$ 801
Tennessee Farmers$ 1020
Tennessee Farmers$ 1020
Texas Farm Bureau$ 886
Texas Farm Bureau$ 886
USAA$ 779
USAA$ 779
Vermont Mutual$ 996
Vermont Mutual$ 996

Compare all 2013 Volvo S60 rates

Average Cost to Insure Per Year

$ 988

List Price

$ 31750

Trims Available

T5 - T5 Premier - T5 Premier Plus - T5 Platinum - T6 - T6 Premier Plus - T6 R-Design - T6 Platinum - T6 R-Design Platinum

2012 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1058
Acuity$ 1058
Allied$ 1135
Allied$ 1135
Arbella$ 1238
Arbella$ 1238
Country$ 1211
Country$ 1211
Erie$ 908
Erie$ 908
GEICO$ 1103
GEICO$ 1103
Plymouth Rock Insurance$ 1095
Plymouth Rock Insurance$ 1095
State Farm$ 1272
State Farm$ 1272
Tennessee Farmers$ 1061
Tennessee Farmers$ 1061
Texas Farm Bureau$ 849
Texas Farm Bureau$ 849
USAA$ 1125
USAA$ 1125
Vermont Mutual$ 963
Vermont Mutual$ 963

Compare all 2012 Volvo S60 rates

Average Cost to Insure Per Year

$ 1154

List Price

$ 30975

Trims Available

T5 - T6 - T6 R-Design

2011 Volvo S60

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1189
Allied$ 1189
American Family$ 1271
American Family$ 1271
Amica$ 1258
Amica$ 1258
Arbella$ 1232
Arbella$ 1232
Erie$ 914
Erie$ 914
GEICO$ 1168
GEICO$ 1168
Plymouth Rock Insurance$ 1085
Plymouth Rock Insurance$ 1085
Southern Farm Bureau$ 1268
Southern Farm Bureau$ 1268
Tennessee Farmers$ 1030
Tennessee Farmers$ 1030
Texas Farm Bureau$ 878
Texas Farm Bureau$ 878
USAA$ 1139
USAA$ 1139
Vermont Mutual$ 903
Vermont Mutual$ 903

Compare all 2011 Volvo S60 rates

Average Cost to Insure Per Year

$ 1150

List Price

$ 37700

Trims Available

T6