The Volvo XC60 is a compact luxury crossover SUV that first debuted in the U.S. in 2008 and remains popular today. The average Volvo XC60 insurance cost for full coverage ranges from $2,430 to $2,603 per year. No matter what kind of XC60 you drive, it needs to be protected with the right car insurance.
When it's time to find the best Volvo XC60 car insurance, an independent insurance agent can assist you. These agents know where to get the right Volvo car insurance at a great rate. But first, here's a breakdown of how much it costs to insure a Volvo XC60 by model year and top-rated insurance company in 2026.
Key Takeaways - 2026 Volvo XC60 Car Insurance Rates
Volvo XC60 insurance costs an average of $2,430 per year, or approximately $203 per month, for full coverage in 2026.
Volvo XC60 insurance costs vary widely by state, with good drivers in Hawaii paying an average of only $1,073 annually for full coverage, while those in Michigan pay $4,517.
Progressive, American Family, and Nationwide are the cheapest carriers for model-year 2025 Volvo XC60 insurance this year.
Your age, location, credit, trim level, and driving history are all major factors that can influence the cost of Volvo XC60 insurance.
Working with an independent insurance agent is highly recommended, as they can tailor a policy to meet the coverage needs of your unique Volvo XC60 model.
How Much Does Volvo XC60 Car Insurance Cost in 2026?
The average Volvo XC60 insurance cost per month ranges from $203 to $217. So, how much is Volvo XC60 insurance per year? Full coverage for the Volvo XC60 range from $2,430 to $2,607 annually. However, Volvo XC60 insurance rates can vary depending on the insurance company you choose, your driving history, your age, and many other factors.
Average Volvo XC60 Insurance Cost by Carrier
Looking for the cheapest insurance for a Volvo XC60? 2025 Volvo XC60 full coverage costs can vary widely by carrier. Progressive currently offers the lowest Volvo XC60 insurance cost, at just $1,729 annually. Progressive Volvo XC60 insurance rates average about $144 per month.
An independent insurance agent can help you compare rates from the best car insurance companies. They can provide you with expert tips to help you shop for car insurance. The table below compares the best companies for model-year 2025 Volvo XC60 insurance in 2026. These Volvo XC60 insurance companies are known for offering affordable premiums without sacrificing quality coverage.
| Top Car Insurance Companies | Average Annual Cost of Car Insurance |
| Progressive | $1,729 |
| American Family | $1,852 |
| Nationwide | $1,859 |
| Erie | $1,878 |
| USAA | $1,953 |
| Allstate | $3,491 |
You can better estimate your annual and monthly auto insurance premiums by using our car insurance calculator.
Volvo XC60 Insurance Cost by Trim Level
Volvo XC60 insurance rates vary by trim level, which is especially obvious when you compare Volvo XC60 B5 vs. T8 insurance costs. The Core B5 AWD model averages $2,247 per year, or $185 per month, while the Recharge T8 Polestar Model averages $2,616 per year, or about $218 per month.
The difference between the base and top trims for a 2024 Volvo XC60 is $392 per year. The table below compares model-year 2024 Volvo XC60 insurance by trim level.
| Trim Level | Annual Full Coverage Premium | Monthly Full Coverage Premium |
| Core B5 AWD | $2,224 | $185 |
| Plus B5 AWD | $2,310 | $193 |
| Ultimate B5 AWD | $2,400 | $200 |
| Recharge Core | $2,424 | $202 |
| Recharge Plus | $2,482 | $207 |
| Recharge Ultimate | $2,542 | $212 |
| Recharge Polestar | $2,616 | $218 |
Volvo XC60 Recharge Plug-In Hybrid Insurance
The T8 plug-in hybrid Volvo XC60 adds about $392 per year to the cost of coverage compared to the B5 model. The T8's higher MSRP can lead to higher collision and comprehensive insurance rates. Base models of the XC60 typically cost less to insure because they have a lower sticker price.
Volvo XC60 Insurance Cost by Model Year
The table below compares several model years of the Volvo XC60 and their average insurance costs.
| Model Year | Average Annual Cost of Car Insurance |
| 2026 Volvo XC60* | $2,045 |
| 2025 Volvo XC60 | $1,752 |
| 2024 Volvo XC60 | $2,770 |
| 2023 Volvo XC60 | $1,841 |
| 2022 Volvo XC60 | $1,079 |
| 2021 Volvo XC60 | $1,250 |
| 2020 Volvo XC60 | $1,087 |
| 2019 Volvo XC60 | $885 |
| 2018 Volvo XC60 | $901 |
| 2017 Volvo XC60 | $764 |
| 2016 Volvo XC60 | $1,045 |
*Note: The 2026 XC60's average rate is a projection based on the evaluation of inflation trends and current market data.
Volvo XC60 Insurance Cost vs. Competing Luxury SUVs
The XC60 ranks 14th out of 38 small luxury SUVs in terms of affordability. Volvo XC60 insurance vs. BMW X3 insurance is much cheaper, at an average of $2,430 per year for the XC60 and $2,830 per year for the X3. The Acura RDX is less expensive to insure than the XC60, with an average annual rate of $2,006, as is the Lexus NX 350h, with an average of $2,264.
The Mercedes GLC300 is slightly more expensive to insure, with an annual average of $2,572. The table below compares average insurance rates for a model-year 2024 XC60 with similar compact luxury SUVs.
| Rank | Vehicle | Average Annual Full Coverage Premium | Cost Difference from XC60 |
| 1 | Acura RDX | $2,006 | -$424 |
| 2 | Lexus NX 250 | $2,124 | -$306 |
| 3 | Cadillac XT4 | $2,166 | -$264 |
| 4 | Lexus NX 350h | $2,264 | -$166 |
| 5 | Lincoln Corsair | $2,292 | -$138 |
| 6 | Mercedes-Benz GLB 250 | $2,296 | -$134 |
| 7 | Lexus UX 250h | $2,300 | -$130 |
| 8 | Lexus NX 450h | $2,314 | -$116 |
| 9 | Mercedes-Benz GLA250 | $2,340 | -$90 |
| 10 | Mercedes-Benz GLA35 AMG | $2,348 | -$82 |
| 11 | Land Rover Evoque | $2,396 | -$34 |
| 12 | Lexus NX 350 | $2,406 | -$24 |
| 13 | Volvo XC40 | $2,416 | -$14 |
| 14 | Volvo XC60 | $2,430 | $0 |
| 15 | Alfa Romeo Tonale | $2,434 | $4 |
| 16 | Mercedes-Benz GLA45 AMG | $2,446 | $16 |
| 17 | BMW X1 | $2,476 | $46 |
| 18 | Infiniti QX55 | $2,482 | $52 |
| 19 | Volvo C40 | $2,502 | $72 |
| 20 | BMW X2 | $2,510 | $80 |
| 21 | Lexus RZ 450e | $2,542 | $112 |
| 22 | Mercedes-Benz EQB 300 | $2,554 | $124 |
| 23 | Mercedes-Benz GLC300 | $2,572 | $142 |
| 24 | Mercedes-Benz EQB 350 | $2,614 | $184 |
| 25 | Genesis GV70 | $2,642 | $212 |
| 26 | Audi Q3 | $2,660 | $230 |
| 27 | Audi Q5 | $2,670 | $240 |
| 28 | Alfa Romeo Stelvio | $2,694 | $264 |
| 29 | Land Rover Range Rover Velar | $2,726 | $296 |
| 30 | BMW X4 | $2,780 | $350 |
| 31 | Audi Q4 | $2,800 | $370 |
| 32 | BMW X3 | $2,830 | $400 |
| 33 | Genesis GV60 | $2,918 | $488 |
| 34 | Porsche Macan | $2,962 | $532 |
| 35 | Jaguar I-Pace | $3,000 | $570 |
| 36 | Land Rover Defender | $3,114 | $684 |
| 37 | Jaguar F-Pace | $3,206 | $776 |
| 38 | Aston Martin DBX | $4,672 | $2,242 |
What Affects the Cost of Volvo XC60 Car Insurance?
Many different factors influence Volvo XC60 insurance rates, such as your driving history, annual mileage, vehicle's value, and more.
Annual Mileage
Driving more than 10,000 to 15,000 miles each year often leads to higher auto insurance premiums. The more you use your vehicle, the greater the risk of being involved in an accident or getting a traffic violation, such as a speeding ticket.
Driving Record
Volvo XC60 drivers without traffic violations or at-fault accidents on their driving record enjoy some of the lowest insurance premiums. Car insurance companies love to reward drivers without speeding tickets, DUIs, accidents, and other violations on their records, as they have a much lower chance of filing claims.
Your Credit
In many areas, your credit score can affect your car insurance premiums. Car insurance companies associate good credit behavior with good driving behavior. Therefore, the better your credit score, the lower your car insurance premium may be.
Your Coverage Level
The amount of coverage you need obviously impacts the cost of your overall policy. The more coverage you buy, the higher your premiums will be.
Your Deductible
Choosing a higher deductible can lead to lower monthly or annual car insurance premium rates. However, keep in mind that with a higher deductible, you'll have to pay more out of pocket each time you file a claim before getting reimbursed.
Where You Live
Your location influences car insurance premium calculations. If you live in a densely populated city, you may have higher premiums than someone who lives in a rural town, due to the increased risk of accidents and car insurance claims. State minimum coverage requirements can also influence insurance costs. For example, good drivers in Michigan pay an average of $4,517 annually for Volvo XC60 insurance, while those in Hawaii only pay $1,073.
The Value and Trim of Your XC60
The current MSRP of a 2026 Volvo XC60 ranges from $50,995 for the B5 Core model to $81,095 for the T8 Polestar trim. A higher trim level and MSRP often lead to higher car insurance rates.
| Model Year | MSRP Range |
| 2026 | $50,995 (B5 Core) - $81,095 (T8 Polestar) |
| 2025 | $48,345 (B5 Core) - $76,545 (T8 Polestar) |
| 2024 | $47,645 (B5 Core) - $76,445 (T8 Polestar) |
| 2023 | $46,845 (B5 Core) - $75,245 (T8 Polestar) |
| 2022 | $46,045 (B5 Core) - $70,595 (T8 Polestar) |
Volvo XC60 Safety Ratings and How They Affect Insurance
Insurers take into consideration the safety rating and features of your vehicle when determining your insurance premiums. The Volvo XC60 earned an impressive overall five-star rating from the National Highway Traffic Safety Administration (NHTSA), making it an excellent choice for safety and thus earning lower insurance premiums. The Insurance Institute for Highway Safety (IIHS) awarded the 2023 Volvo XC60 a Top Safety Pick rating, though this title wasn't awarded for the 2024 and 2025 models due to the "Acceptable" front crash prevention rating.
Average Cost to Insure a Volvo XC60
The average annual cost to insure a Volvo XC60 is $2,430 to $2,607, or about $203 to $217 per month for a 40-year-old driver with a clean record. The XC60 is a relatively expensive vehicle to insure. Those costs could be even higher if you are a high-risk driver, which poses a greater risk to the insurance company.
Which States Are Most and Least Expensive for Volvo XC60 Insurance?
The tables below compare rates for Volvo XC60 insurance by state, including the most affordable and the most expensive.
Most Expensive States for Volvo XC60 Insurance
| 1. | Michigan | $4,517 |
| 2. | Louisiana | $3,790 |
| 3. | Rhode Island | $3,351 |
| 4. | Florida | $3,234 |
| 5. | Connecticut | $3,219 |
Least Expensive States for Volvo XC60 Insurance
| 1. | Hawaii | $1,073 |
| 2. | North Carolina | $1,332 |
| 3. | Maine | $1,448 |
| 4. | Virginia | $1,456 |
| 5. | Iowa | $1,559 |
Volvo XC60 Insurance Cost by Driver Age
Your age can significantly affect car insurance premiums, as can your credit and driving history. Teens and young drivers pay the most for XC60 insurance by far. Car insurance costs tend to drop dramatically around age 25 to about age 65, then begin to climb again. The table below compares Volvo XC60 insurance rates by age and driver profile for 2026.
| Driver Age | Clean Record | Accident on Record | Poor Credit |
| 17 | $7,609 | $11,192 | $13,103 |
| 18 | $7,072 | $10,388 | $12,190 |
| 19 | $6,248 | $9,189 | $10,763 |
| 20 | $5,468 | $8,026 | $9,392 |
| 21 | $4,613 | $6,737 | $7,877 |
| 22 | $4,481 | $6,549 | $7,675 |
| 23 | $3,903 | $5,724 | $6,718 |
| 24 | $3,712 | $5,426 | $6,386 |
| 25 | $3,198 | $4,688 | $5,529 |
| 30 | $2,511 | $3,698 | $4,282 |
| 35 | $2,380 | $3,427 | $3,987 |
| 40 | $2,271 | $3,307 | $3,901 |
| 45 | $2,169 | $3,230 | $3,747 |
| 55 | $1,991 | $2,919 | $3,429 |
| 65 | $2,079 | $3,069 | $3,585 |
| 75 | $2,627 | $3,883 | $4,541 |
How to Save on Volvo XC60 Car Insurance
Luckily, insurance companies offer plenty of ways to help you save money on car insurance for a Volvo XC60, including the following common discounts on car insurance:
- Good student discounts: Many car insurance companies offer savings for insured drivers with students on their policies who maintain at least a B average.
- Volvo IntelliSafe discounts: Volvo offers a rebate to customers who already have IntelliSafe Assist installed in their vehicles but want to upgrade Pilot Assist to generation 2.
- Anti-theft device discount: Many car insurance companies reward you with savings if your vehicle is equipped with anti-theft devices.
- Affinity discount: If you belong to a certain group or organization or are an alumnus, many car insurance companies offer savings on your premiums.
- Good driver discounts: If your driving record is free of accidents and other violations, you can often save a substantial amount on your car insurance.
- Bundling discounts: Buying more than one type of coverage, such as home insurance and auto insurance, through the same carrier can help you save on each.
- Multi-vehicle discounts: Insuring more than one vehicle through the same carrier can help you save money on your auto insurance for each.
- Usage-based (telematics) discounts: Many car insurance companies offer telematics programs that track your annual mileage or driving behavior and reward you with savings for low vehicle usage and good habits on the road.
- Defensive driving course discounts: Completing an approved defensive or safe driving course can often help you earn significant savings on car insurance.
- Occupation discounts: Working in a certain profession, such as teaching, may be enough to qualify you for car insurance savings from some carriers.
Choosing a higher deductible can also lead to lower car insurance premiums. However, you'll have to pay more out of pocket each time you file a claim.
Volvo XC60 Safety Features That Can Lower Your Premium
The XC60 comes equipped with the IntelliSafe suite, which includes a bundle of driver-assist safety features such as the run-off road system, oncoming lane mitigation, driver alert monitoring, and front crash prevention. This advanced safety technology may qualify you for significant car insurance discounts from many carriers.
What to Look for in a Volvo XC60 Insurance Policy
One thing to look for in your Volvo XC60 insurance policy is whether your coverage is for the vehicle's agreed value or actual cash value (ACV). An agreed value policy pays out a pre-determined amount if your vehicle is declared a total loss, which is ideal for high-value and collector cars. ACV policies pay out the current market value of the vehicle, which factors in depreciation, if the vehicle is declared a total loss.
You may want to look for a policy that includes OEM parts coverage, which will pay to replace your vehicle's parts with genuine Volvo parts during repairs. New car replacement coverage will pay to replace your vehicle with a new vehicle of the same make and model if your car is declared a total loss due to a covered cause within the first five years of ownership. You may also want to ask your independent insurance agent about adding gap insurance for a financed XC60, especially if you have a T8 model valued at over $60,000.
What Kind of Coverage Do You Need for Your Volvo XC60?
There are many different Volvo XC60 coverage options to choose from. If you have a new or financed XC60, you'll likely want full coverage, which includes collision and comprehensive coverage, and gap insurance. Full coverage policies are typically required by your lender if you finance your vehicle.
Most States Mandate the Following Coverage
Consider adding at least the following coverage types for your Volvo XC60, which are typically required by law.
Bodily Injury Liability
If someone is injured in an accident that you cause while driving your Volvo XC60, your bodily injury liability coverage can help pay for the damage. This policy can cover legal fees, loss of income, pain and suffering, medical expenses, and funeral costs.
Property Damage Liability
If you cause an accident while driving your Volvo XC60, property damage liability coverage can pay for repairs to the other party's vehicle and property. It may also cover legal defense costs associated with property damage claims.
Many States Also Require This Coverage
You're also likely to need the following types of XC60 insurance in many areas.
Medical Payments Coverage and Personal Injury Protection
Depending on your state, you can choose between medical payments coverage and personal injury protection (PIP). Many car accidents result in injury, and this type of insurance can help pay the medical bills associated with recovery. PIP coverage can also pay for lost wages while the injured party is out of work recovering.
Uninsured Motorist Coverage
If you are injured or your vehicle is damaged in an accident caused by a driver who doesn't have insurance, uninsured motorist coverage can cover associated losses up to your policy's limits. Even though liability insurance is required by law in most states, many drivers are still uninsured or underinsured. Your independent insurance agent can help you understand your options for uninsured and underinsured motorist coverage and whether it's a wise choice to add it to your policy.
Optional Coverage for Your Volvo XC60
Even though the following types of car insurance aren't typically mandatory, they can be helpful to include in your policy. A local independent insurance agent can help you determine which types of optional coverage are appropriate for your specific XC60.
Collision
If you are in an accident, collision coverage can pay for damage to your car from a collision with another object, regardless of fault. However, it doesn't make sense to have collision coverage on an older XC60 that's already paid off. Your independent insurance agent can help you decide if full coverage is the right choice for you.
Comprehensive
Comprehensive coverage can pay for damage to your car due to a non-collision event, such as a flood or theft. It can help pay for losses if your car is stolen or vandalized, or if you hit a large animal such as a deer. If you have a loan or lease on your car, comprehensive coverage may be required by your lender.
Glass Coverage
A broken windshield demands immediate attention, and in some places, you can get a ticket for driving with damaged glass. A glass coverage policy lets you get your XC60's broken glass repaired without having to dig into your savings.
Gap Insurance
If you're in an accident that severely damages or totals your XC60, gap coverage can cover the difference between the amount still owed on the loan and your vehicle's value if you owe more than the car is worth. Every insurance policy has limits, and your insurance company will only pay up to the vehicle's fair market value. Talk with your independent insurance agent about how gap insurance may protect you if you own a newer Volvo XC60.
FAQs About Volvo XC60 Insurance
How much does Volvo XC60 insurance cost per month?
Full coverage for an XC60 averages $203-$217 per month for a 40-year-old driver with a clean record. Minimum coverage ranges from $69-$73 per month.
Is the Volvo XC60 expensive to insure?
No, the Volvo XC60 ranks 14th out of 38 small luxury SUVs compared for affordability. The XC60 costs less to insure than the BMW X3 and the Mercedes GLC300, but more than the Acura RDX and the Lexus NX.
Does the Volvo XC60 plug-in hybrid cost more to insure?
Yes, the T8 trims average $2,430-$2,616 per year, vs. the base B5 Core model, which averages $2,224 per year. A higher MSRP increases collision and comprehensive insurance premiums.
What is the cheapest insurance company for a Volvo XC60?
We found Progressive and American Family to offer the cheapest XC60 rates in 2026. Progressive also offers competitive rates. An independent insurance agent can help you shop and compare quotes from several carriers near you.
What IIHS safety rating does the Volvo XC60 have?
The 2023 XC60 earned a IIHS Top Safety Pick rating. The XC60's 2024 and 2025 models were not awarded this rating due to their "Acceptable" front crash prevention scores. The NHTSA rates the XC60 5 stars overall.
How can I lower my Volvo XC60 insurance premium?
You can lower your XC60 insurance premiums if you shop multiple carriers, bundle home and auto insurance through the same carrier, use telematics programs, choose a higher deductible, maintain a clean driving record, and ask about IntelliSafe safety feature discounts.
Do older Volvo XC60 models cost less to insure?
In general, yes. The 2019 XC60 averages about $885 per year, while a 2024 model averages about $2,021 per year. Vehicle value depreciates considerably over time, leading to lower collision and comprehensive insurance costs.
Should I get full coverage or liability only for my XC60?
Full coverage is strongly recommended for new or financed XC60s, especially T8 trims valued $60,000+. Liability-only minimum coverage may be appropriate for older models with a low market value.
An Independent Insurance Agent Can Help You Get the Best Volvo XC60 Insurance Quotes
When it's time to find the most affordable Volvo XC60 insurance, no one's better equipped to help than a local independent insurance agent. Your agent can help you shop and compare free car insurance quotes for your specific Volvo XC60 trim from dozens of carriers, including Progressive, Travelers, and Nationwide, potentially saving you hundreds of dollars per year.
Even better, they'll help you score any discounts you're eligible for to lower your premium rates even further. And down the road, your agent will still be there to help you file car insurance claims or update your coverage when necessary.
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https://www.compare.com/auto-insurance/vehicles/volvo/xc60
https://insuraviz.com/vehicles/volvo/volvo-xc60-insurance/
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