Volvo Insurance

Getting the Right Insurance for Your Volvo

(It's important to protect yourself and your vehicle)

Volvo has been selling luxury vehicles since its formation in the 1920s. Volvo’s diverse lineup of innovative SUVs, sedans, crossovers, and electric options provide numerous choices for consumers. As a Volvo owner, it’s essential that you carry enough car insurance to protect you and your vehicle. An independent insurance agent can guide you through the process of picking the right coverage. 

Trusted Choice’s find-an-agent tool will match you up with a local agent ready to shop multiple carriers to find the best rate. 

You’ll need several forms of coverage to protect you and your Volvo. 

What Kind of Insurance Do You Need for Your Volvo? 

Any time you drive, there’s always a risk of getting into some type of accident. Nobody is immune to mishaps on the road which is why it is crucial to have optimal insurance. 

You can choose from a wide variety of coverages, even though not all are mandatory. It still may be a good idea to purchase additional coverage just in case. An independent insurance agent can help you weigh the risks and benefits. 

Most states mandate the following: 

Bodily injury liability

If you cause an injury and others suffer injuries due to your negligence, this insurance protects you against damages related to claims for medical expenses and lost wages.

Property damage liability 

This pays for damage you may cause to another person’s property, like a car, fence, or house. 

Additionally, many states require this coverage: 

Medical payments/Personal injury protection

Personal injury protection reimburses you and any of your passengers for injuries and lost wages resulting from an accident.

Uninsured motorist coverage 

Unfortunately, too many drivers don’t carry insurance, which can put you at risk. Uninsured and underinsured motorist coverage protects you if another driver causes an accident and doesn’t have insurance. You can also purchase Underinsured Motorist Coverage, which protects you when the other driver doesn’t carry enough insurance coverage to take care of your damages. 

Optional coverage: 

Collision

Collision insurance pays for damage to your vehicle after a collision with another car or object. 

Comprehensive

If your car sustains damage from something like a storm, fire, or falling object, comprehensive insurance provides reimbursement for damage. 

Glass

Windshield cracks and chips are some of the most common claims submitted to insurance companies. Glass coverage is usually very affordable and covers the cost of a windshield repair or replacement. 

Gap

If you owe more on your car than it’s worth, it’s a good idea to purchase gap insurance. Gap coverage protects in the event your vehicle is declared a total loss by paying out the difference between what you owe and what the car is worth. 

What Affects the Cost of Auto Insurance for Your Volvo

Your annual mileage

If you have a long commute and drive a lot of miles, your car insurance rates will be higher than for someone who only drives a few miles per day. 

Your driving record

If you’ve had any moving or traffic violations in the past several years, you’ll be paying more for insurance than someone with a clean record. Your independent insurance agent can advise you on how long your violations will impact your insurance rates. 

The value of your vehicle 

The more your car is worth, the more your insurance premiums will be affected. Higher value vehicles ultimately cost more to repair and replace. 

Starting prices of 2020 Volvo models: 

Starting prices of 2020 Volvo models: 
XC90$48,350
XC60$40,150
XC40$33,700
S90$50,550
S60$36,050
V90 Cross Country$54,550
V60 Cross Country$45,100

How does my location affect the cost of my Volvo?

If you live in a larger city, your premiums will be higher than for someone who lives in a small town. In more populated areas, there are further chances for incidents like accidents and theft. 

How does safety affect the cost of my Volvo?

Volvos have a well-established reputation for safety. All current models have earned a five-star rating from the NHTSA, making them an excellent choice for safety. Safer cars can cost less to insure depending on their safety features.

Cost of Volvo insurance 

According to Finder.com, the average cost of Volvo insurance across all models is $1,982.40.

What States Are Most Affordable and Least Affordable for Volvo Insurance? 

Estimated annual car insurance premiums in the United States:

Most expensive states:
Louisiana$1,824
Michigan$1,600
Florida$1,596
California$1,588
Rhode Island$1,544
Most affordable states:
North Dakota$428
Ohio$500
North Carolina$520
Idaho$552
Maine$556

How Can You Save on Volvo Insurance? 

There are quite a few ways you can save money on your Volvo insurance policy. Most insurers offer these discounts: 

  • Good student discount
  • Anti-theft device discount
  • Affinity discount
  • Good driver discount
  • Multi-line discount
  • Multi-vehicle discount

Ask your independent insurance agent to advise you on additional ways you can save money on your insurance. 

Top Insurance Companies That Insure Volvos 

No two insurance companies are the same. You want a company that's reliable, responsive, and trustworthy. The U.S. Independent Insurance Agent Satisfaction Study by JD Power gave the following companies high marks: 

  1. Progressive
  2. Safeco
  3. Travelers
  4. Auto-Owners Insurance

Your agent can guide you in choosing the best company for your needs.

Get a Volvo Insurance Quote

There are plenty of perks to working with an independent insurance agent. Your agent has the ability to shop a wide variety of companies to get you the best rate. An independent agent works for you, so you can rest assured your needs are taken care of. Let an independent insurance agent get you an auto insurance quote today.

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