Prachi Singh
Written by Prachi Singh
Contributing Researcher

Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.

Leslie Kasperowicz
Reviewed by Leslie Kasperowicz
Executive Editor

Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions.

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Car insurance rates vary depending on the make, model and trim level of your vehicle. According to our data analysis, the average cost to insure a Volvo XC60 is $2,607 per year or $217 per month. However, your actual rate may be higher or lower depending on things like where you live, your age, your driving record and other personal factors.

The auto insurance rates also change based on the vehicle's model year. For example, the 2024 Volvo XC60 costs $2,607, whereas the 2023 Volvo XC60 costs $2,448 annually. This is $159 less than the 2024 rates.

Progressive offers the cheapest annual rate for 2024 Volvo XC60 at $2,264 per year.

Below, we'll look at Volvo XC60 insurance rates and show you how to save.

Average insurance cost of Volvo XC60 by model year

Year of Volvo XC60 modelAverage cost to insure
2024$2,607
2023$2,448
2022$2,306
2021$2,144
2020$2,101
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Compare XC60 insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Nationwide4WD 4 Door SUV DOHC Turbo Hybrid ULEV$2,309
State Farm4WD 4 Door SUV DOHC Turbo Hybrid ULEV$2,309
GEICO4WD 4 Door SUV DOHC Turbo Hybrid ULEV$2,538
Progressive4WD 4 Door SUV DOHC Turbo Hybrid ULEV$2,579
Allstate4WD 4 Door SUV DOHC Turbo Hybrid ULEV$5,092

Volvo XC60 insurance rates per year

2024

2024 Volvo XC60 insurance rates

Average cost to insure $2,607
Annual cheapest rate $2,264
Available trims B5 Core, B5 Plus, B5 Ultimate, B5 Ultimate Black Edition, Recharge T8 Core, Recharge T8 Plus, Recharge T8 Ultimate, T8 Polestar Engineered
RankCompanyAverage annual premium
1Progressive$2,264
2GEICO$2,266
3Nationwide$2,364
4State Farm$2,390
5Farmers$2,748
6Allstate$3,610
2023

2023 Volvo XC60 insurance rates

Average cost to insure $2,448
Annual cheapest rate $2,069
Available trims B5 Core, B5 Plus Bright, B5 Plus Dark, B5 Ultimate Bright, B5 Ultimate Dark, B6 Ultimate Bright, B6 Ultimate Dark, Recharge T8 Core Bright, Recharge T8 Plus Bright, Recharge T8 Plus Dark, Recharge T8 Ultimate Bright, Recharge T8 Ultimate Dark, T8 Polestar Engineered
RankCompanyAverage annual premium
1GEICO$2,069
2Progressive$2,151
3State Farm$2,303
4Nationwide$2,318
5Farmers$2,537
6Allstate$3,309
2022

2022 Volvo XC60 insurance rates

Average cost to insure $2,306
Annual cheapest rate $1,874
Available trims B5 Inscription, B5 Momentum, B5 R-Design, B6 Inscription, B6 R-Design, Recharge Plug-In Hybrid T8 Inscription, Recharge Plug-In Hybrid T8 Inscription Expression, Recharge Plug-In Hybrid T8 Inscription Expression Extended Range, Recharge Plug-In Hybrid T8 Inscription Extended Range, Recharge Plug-In Hybrid T8 R-Design, T8 Polestar Engineered, T8 Polestar Engineered Extended Range
RankCompanyAverage annual premium
1Nationwide$1,874
2GEICO$2,037
3Progressive$2,103
4State Farm$2,108
5Farmers$2,529
6Allstate$3,187
2021

2021 Volvo XC60 insurance rates

Average cost to insure $2,144
Annual cheapest rate $1,848
Available trims Recharge Plug-In Hybrid T8 Inscription, Recharge Plug-In Hybrid T8 Inscription Expression, Recharge Plug-In Hybrid T8 R-Design, T5 Inscription, T5 Momentum, T5 R-Design, T6 Inscription, T6 Momentum, T6 R-Design, T8 Polestar Engineered
RankCompanyAverage annual premium
1Progressive$1,848
2Nationwide$1,902
3GEICO$1,914
4State Farm$1,919
5Farmers$2,352
6Allstate$2,931
2020

2020 Volvo XC60 insurance rates

Average cost to insure $2,101
Annual cheapest rate $1,833
Available trims T5 Inscription, T5 Momentum, T5 R-Design, T6 Inscription, T6 Momentum, T6 R-Design, T8 Inscription Twin Engine Plug-In Hybrid, T8 Momentum Twin Engine Plug-In Hybrid, T8 Polestar Engineered, T8 R-Design Twin Engine Plug-In Hybrid
RankCompanyAverage annual premium
1GEICO$1,833
2Progressive$1,836
3State Farm$1,922
4Nationwide$1,943
5Farmers$2,254
6Allstate$2,819
2019

2019 Volvo XC60 insurance rates

Average cost to insure $1,978
Annual cheapest rate $1,698
Available trims T5 Inscription, T5 Momentum, T5 R-Design, T6 Inscription, T6 Momentum, T6 R-Design, T8 Inscription Twin Engine Plug-In Hybrid, T8 Momentum Twin Engine Plug-In Hybrid, T8 R-Design Twin Engine Plug-In Hybrid
RankCompanyAverage annual premium
1State Farm$1,698
2GEICO$1,734
3Progressive$1,774
4Nationwide$1,916
5Farmers$2,096
6Allstate$2,647
2018

2018 Volvo XC60 insurance rates

Average cost to insure $1,913
Annual cheapest rate $1,700
Available trims T5 Inscription, T5 Momentum, T5 R-Design, T6 Inscription, T6 Momentum, T6 R-Design, T8 Inscription Twin Engine Plug-In Hybrid, T8 Momentum Twin Engine Plug-In Hybrid, T8 R-Design Twin Engine Plug-In Hybrid
RankCompanyAverage annual premium
1State Farm$1,700
2Progressive$1,710
3GEICO$1,718
4Nationwide$1,796
5Farmers$2,060
6Allstate$2,493
2017

2017 Volvo XC60 insurance rates

Average cost to insure $1,820
Annual cheapest rate $1,559
Available trims T5 Dynamic, T5 Inscription, T5 Premier, T6 Dynamic, T6 Inscription, T6 R-Design, T6 R-Design Platinum
RankCompanyAverage annual premium
1GEICO$1,559
2State Farm$1,637
3Progressive$1,646
4Nationwide$1,745
5Farmers$1,930
6Allstate$2,402

Methodology

Data was fielded by Quadrant Information Services across all 50 states and Washington, D.C. for 1,161 vehicle models. More than 67 million data points from 57 insurance companies were analyzed.

Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:

  • Bodily injury liability of $100,000 per person and $300,000 per incident
  • Property damage liability of $100,000 per incident
  • Comprehensive and collision deductibles of $500
  • 40-year-old driver
  • Honda Accord LX
  • Good credit
  • A clean driving record
  • 12-mile commute, 10,000 annual mileage
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