Volvo Insurance Cost
Across 11 current Volvo models, full coverage averages about $1,603 a year by our estimate — +1% versus the average vehicle ($1,590).
Volvo insurance profile
Volvo is a luxury brand, so repair parts, sensors and labor tend to cost more. Its current lineup includes 8 luxury suvs, 2 wagons, and 1 luxury car. HLDI collision losses for its models average 91 (100 = all-vehicle average).
Every Volvo model ranked by insurance cost
| Model | Segment | Model years | HLDI collision | Est. full / yr | vs. avg car |
|---|---|---|---|---|---|
| XC40 | Luxury SUV | 2019–2026 | 76 | $1,210 | −24% |
| V60 | Wagon | 2015–2026 | 74 | $1,255 | −21% |
| XC60 | Luxury SUV | 2009–2027 | 80 | $1,275 | −20% |
| XC90 | Luxury SUV | 2005–2027 | 92 | $1,410 | −11% |
| V90 | Wagon | 2017–2026 | 90 | $1,475 | −7% |
| S90 | Luxury car | 2017–2026 | 132 | $1,695 | +7% |
| EC40 | Luxury SUV | 2025–2026 | — | $1,850 | +16% |
| EX30 | Luxury SUV | 2025–2026 | — | $1,850 | +16% |
| EX40 | Luxury SUV | 2025–2026 | — | $1,850 | +16% |
| EX90 | Luxury SUV | 2025–2027 | — | $1,870 | +18% |
| EX60 | Luxury SUV | 2027–2027 | — | $1,895 | +19% |
Older and discontinued Volvo models
What makes Volvo insurance cost more or less
- Luxury parts and labor: premium materials, advanced driver-assistance sensors and dealer-only repairs raise collision claim costs.
- EV batteries: 6 electric models — battery packs and high-voltage components are costly to repair or replace after a crash.
- Claims history: HLDI collision indices across 6 models range from 74 to 132, so the model you pick matters as much as the brand.
- Segment mix: 8 luxury suv, 2 wagon, 1 luxury car.
Average Volvo insurance cost by state
Average full-coverage estimate across current Volvo models, cheapest state first.
| State | Avg. full coverage | vs. national |
|---|---|---|
| Maine | $1,056 | −34% |
| Vermont | $1,100 | −31% |
| North Dakota | $1,105 | −31% |
| Idaho | $1,112 | −31% |
| Wisconsin | $1,137 | −29% |
| Hawaii | $1,140 | −29% |
| Iowa | $1,156 | −28% |
| Indiana | $1,174 | −27% |
| New Hampshire | $1,176 | −27% |
| Ohio | $1,181 | −26% |
| North Carolina | $1,258 | −22% |
| South Dakota | $1,330 | −17% |
| Kansas | $1,348 | −16% |
| Nebraska | $1,350 | −16% |
| Montana | $1,351 | −16% |
| Wyoming | $1,355 | −15% |
| Kentucky | $1,364 | −15% |
| Tennessee | $1,381 | −14% |
| Washington | $1,386 | −14% |
| Minnesota | $1,391 | −13% |
| West Virginia | $1,400 | −13% |
| Virginia | $1,402 | −13% |
| Oregon | $1,420 | −11% |
| Illinois | $1,427 | −11% |
| Alaska | $1,434 | −11% |
| Utah | $1,442 | −10% |
| Alabama | $1,445 | −10% |
| Pennsylvania | $1,452 | −9% |
| New Mexico | $1,476 | −8% |
| Arkansas | $1,483 | −7% |
| Missouri | $1,501 | −6% |
| Oklahoma | $1,509 | −6% |
| Mississippi | $1,586 | −1% |
| Massachusetts | $1,605 | 0% |
| California | $1,620 | +1% |
| Arizona | $1,696 | +6% |
| Connecticut | $1,696 | +6% |
| South Carolina | $1,699 | +6% |
| Delaware | $1,753 | +9% |
| Nevada | $1,782 | +11% |
| Michigan | $1,788 | +12% |
| Maryland | $1,805 | +13% |
| Colorado | $1,873 | +17% |
| New Jersey | $1,894 | +18% |
| Rhode Island | $1,922 | +20% |
| Georgia | $1,954 | +22% |
| Texas | $1,961 | +22% |
| District of Columbia | $2,066 | +29% |
| New York | $2,124 | +32% |
| Florida | $2,215 | +38% |
| Louisiana | $2,235 | +39% |
Frequently asked questions
How much does it cost to insure a Volvo?
Across 11 current Volvo models, our full-coverage estimate averages $1,603 a year for a driver in their 30s with a clean record, 1% more than the average vehicle ($1,590).
What is the cheapest Volvo to insure?
The Volvo XC40 has the lowest estimate at about $1,210 a year for full coverage; the Volvo EX60 is the most expensive at about $1,895.
Are Volvo repairs expensive for insurers?
HLDI collision-loss data for 6 Volvo models averages 91 (100 = average of all vehicles), which is better than average. Collision losses combine how often claims happen and how much repairs cost.
Where is it cheapest to insure a Volvo?
By our estimates, Maine is the cheapest state (about $1,056 a year on average across current models) and Louisiana the most expensive (about $2,235).
How we estimate this
We start from the state's average liability, collision and comprehensive premiums published by the NAIC, then apply a location factor (population density and commute time from the Census ACS, weather hazard scores from FEMA's National Risk Index), a vehicle factor (HLDI insurance-loss data where available, otherwise vehicle segment), and a driver-profile multiplier. Results are rounded ranges for comparison, not quotes. Read the full methodology.