Cheap Volvo Car Insurance in 2024 (Low Rates With These 10 Top Companies!)
State Farm, AAA, and Erie lead with cheap Volvo car insurance. State Farm offers rates starting at $78/month. Many of the best Volvo car insurance companies offer affinity and organizational discounts to help lower rates. You can also qualify for insurance discounts for Volvos with advanced safety features.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Nov 4, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Nov 4, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
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2,934 reviewsCompany Facts
Min. Coverage for Volvo
A.M. Best Rating
Complaint Level
Pros & Cons
2,934 reviews
1,814 reviewsCompany Facts
Min. Coverage for Volvo
A.M. Best Rating
Complaint Level
Pros & Cons
1,814 reviews
The best options for cheap Volvo car insurance are State Farm, AAA, and Erie, with rates starting as low as $78 per month.
State Farm stands out as one of the best car insurance companies for comprehensive coverage for Volvo with the most affordable rates. AAA excels in roadside assistance, while Erie is noted for its efficient claims process. Evaluate these top providers to find the best Volvo car insurance that fits your needs and budget.
Our Top 10 Company Picks: Cheap Volvo Car Insurance
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $78 B Customer Service State Farm
#2 $80 A Roadside Assistance AAA
#3 $81 A+ Filing Claims Erie
#4 $85 A++ Bundling Policies Travelers
#5 $87 A Costco Members American Family
#6 $88 A+ Tight Budgets Progressive
#7 $91 A+ Organization Discount The Hartford
#8 $92 A Safe Drivers Farmers
#9 $94 A+ Local Agents Allstate
#10 $97 A Affinity Discounts Liberty Mutual
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- Cheap Volvo car insurance starts at $78/month from top providers
- State Farm is the top pick for reliable, cheap Volvo car insurance
- Erie has cheap coverage after filing Volvo car insurance claims
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#1 – State Farm: Top Overall Pick
Pros
- Strong Customer Service: State Farm is well-regarded for its reliable and accessible customer support, offering a responsive team to assist Volvo car insurance policyholders with any insurance needs.
- Competitive Rates: State Farm provides some of the most affordable monthly rates starting at $78, making it an economical choice for Volvo drivers on a budget.
- Wide Availability: Our State Farm Insurance Review shows that Volvo owners can access services in all 50 states, highlighting State Farm’s broad availability no matter where they live.
- Multiple Discounts: The company offers various discounts, including those for safe driving and bundling multiple policies, which can help reduce overall insurance costs for Volvo car insurance holders.
Cons
- Average A.M. Best Rating: State Farm has a B rating from A.M. Best, which is lower compared to some other major insurance providers and may raise concerns about financial stability for Volvo policyholders.
- Limited Online Tools: The online tools and mobile app functionality are not as advanced as some competitors, which might affect convenience for tech-savvy Volvo drivers.
- Mixed Claims Satisfaction: Customer feedback on claims processing is mixed, with some Volvo owners reporting slower response times and less satisfactory service.
#2 – AAA: Cheapest for Roadside Assistance
Pros
- Excellent Roadside Assistance: AAA is renowned for its top-tier roadside assistance services, offering comprehensive support in emergencies like breakdowns and flat tires for Volvo car insurance holders.
- High A.M. Best Rating: The company holds an A rating from A.M. Best, reflecting strong financial stability and reliability in fulfilling insurance claims for Volvo drivers.
- Member Benefits: AAA members enjoy exclusive benefits and discounts, adding value beyond just car insurance coverage for Volvo owners.
- Comprehensive Coverage Options: AAA provides a wide range of coverage options and add-ons, ensuring that Volvo policyholders can tailor their policy to fit specific needs.
Cons
- Higher Monthly Rates: AAA’s rates are slightly higher at $80 compared to some competitors, which might be a consideration for Volvo drivers seeking more budget-friendly options.
- Limited Availability: AAA services are only available to members, which can limit access for some Volvo owners. Find out more in our AAA insurance review.
- Discounts Not Always Clear: The various discounts and benefits can sometimes be confusing to navigate, making it difficult for Volvo policyholders to understand the full range of savings available.
#3 – Erie: Cheapest After Claims
Pros
- Affordable Rates: Erie offers competitive pricing at $81 and doesn’t raise rates nearly as high as other companies after you file a Volvo insurance claim.
- Exceptional Claims Handling: Erie is known for its efficient and straightforward claims process, ensuring that Volvo policyholders receive timely and fair resolutions.
- Top A.M. Best Rating: With an A+ rating from A.M. Best, Erie demonstrates strong financial health and reliability in handling claims for Volvo drivers.
- Customer Satisfaction: The company consistently receives high marks for overall customer satisfaction, indicating a positive experience for Volvo owners.
Cons
- Availability Limitations: Erie’s services are available in only 12 states, which may restrict access for some Volvo drivers. Read our Erie review for a full list.
- Limited Add-Ons: The range of optional coverage add-ons is fewer compared to some other providers, which might limit customization for Volvo policyholders.
- Higher Deductibles: Some policies might come with higher deductibles, which could result in increased out-of-pocket expenses for Volvo car insurance holders in the event of a claim.
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#4 – Travelers: Cheapest for Bundling Policies
Pros
- Bundling Discounts: Travelers offers significant savings for customers who bundle multiple policies, such as auto and home insurance, resulting in reduced overall premiums for Volvo drivers.
- Excellent A.M. Best Rating: The company boasts an A++ rating from A.M. Best, signifying top financial strength and reliability for Volvo policyholders.
- Flexible Coverage Options: Travelers provides a wide array of coverage and customization options, allowing Volvo owners to tailor their policy to their specific needs.
- Strong Online Presence: The company features advanced online tools and a user-friendly mobile app, making it convenient for Volvo car insurance holders to manage their policies and access support.
Cons
- Higher Premiums: Monthly rates of $85 can be high for Volvo drivers seeking cost-effective options. Check out our article on how to pay Travelers insurance premiums.
- Mixed Customer Service: Customer service reviews are varied, with some users reporting less-than-satisfactory experiences regarding responsiveness and support for Volvo policyholders.
- Complex Policies: The range of policies and coverage options can be complex, potentially making it difficult for Volvo car insurance holders to fully understand their choices.
#5 – American Family: Cheapest for Costco Members
Pros
- Exclusive Member Discounts: American Family offers special discounts for Costco members and other eligible groups, providing additional savings on insurance premiums for Volvo policyholders.
- High A.M. Best Rating: The company has an A rating from A.M. Best, reflecting strong financial stability and reliability for Volvo drivers.
- Varied Coverage Options: American Family provides a wide range of coverage options, ensuring that Volvo owners can find a policy that suits their individual needs.
- Good Customer Service: The company is known for generally positive customer service experiences, with helpful support for Volvo car insurance holders.
Cons
- Higher Monthly Costs: Premiums can be higher at $87 compared to some other providers, which might be a drawback for Volvo drivers on a tighter budget.
- Availability Restrictions: American Family’s services aren’t available in all states, which may limit access for some Volvo policyholders. Learn more in our AmFam homeowners insurance review.
- Limited Online Tools: The online tools and resources offered may be less comprehensive than those provided by some competitors for Volvo car insurance holders.
#6 – Progressive: Cheapest for Tight Budgets
Pros
- Affordable Rates for Tight Budgets: Progressive offers competitive pricing starting at $88, making it a suitable option for Volvo drivers with tight budgets looking for affordable insurance.
- Extensive Online Tools: The Progressive Name-Your-Price tool lets drivers pick Volvo car insurance coverages based on their budgets and needs.
- High A.M. Best Rating: The company holds an A+ rating from A.M. Best, indicating strong financial health and reliability for Volvo policyholders.
- Snapshot Program: Progressive’s Snapshot program allows for potential savings based on your driving behavior, offering a way to lower premiums further for Volvo car insurance holders.
Cons
- Variable Customer Service: Customer service experiences can vary widely, with some Volvo policyholders reporting inconsistent support and service quality.
- Complex Pricing Structure: The pricing and discount structures can be confusing, making it tough for Volvo drivers to grasp their rates. Learn more in our Progressive insurance review.
- Higher Deductibles: Some insurance plans may come with higher deductibles, which could lead to increased out-of-pocket costs for Volvo car insurance holders in the event of a claim.
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#7 – The Hartford: Cheapest With Organization Discounts
Pros
- Organization Discounts: The Hartford offers discounts for members of various organizations, providing additional savings for Volvo policyholders who belong to these groups.
- Strong A.M. Best Rating: The company has an A+ rating from A.M. Best, reflecting strong financial stability and reliability for Volvo drivers.
- Good Claims Service: The Hartford receives generally positive reviews for its Volvo car insurance claims service. Learn how to file a car Insurance claim with Hartford.
- Varied Coverage Options: Offers a range of customizable coverage options, allowing Volvo car insurance holders to tailor their policies to meet specific needs.
Cons
- Higher Monthly Rates: Premiums can be higher compared to some other providers, which might be a consideration for Volvo drivers looking to save on insurance costs.
- Availability Limitations: Coverage isn’t available in all states or to all ages, which may limit access for some Volvo owners.
- Customer Service Mixed Reviews: Customer service reviews are mixed, with some Volvo policyholders reporting less satisfactory experiences with support.
#8 – Farmers: Cheapest for Safe Drivers
Pros
- Safe Driver Discounts: Farmers offers discounts for drivers with a clean driving record, rewarding safe driving habits with lower premiums for Volvo car insurance holders.
- Strong A.M. Best Rating: Holds an A rating from A.M. Best, indicating financial stability and reliability for Volvo drivers.
- Multiple Coverage Options: Provides a wide range of coverage options and add-ons, allowing Volvo policyholders to customize their insurance to fit individual needs.
- Local Agents: Personalized service through local agents ensures tailored advice and support for Volvo owners. Read more in our Farmers insurance review.
Cons
- Higher Premiums: Rates can be on the higher side compared to some other providers, which may be a concern for Volvo drivers seeking lower costs.
- Complex Policy Options: The variety of coverage options can be complex to navigate, potentially making it challenging for Volvo policyholders to select the right policy.
- Mixed Claims Satisfaction: Some users report dissatisfaction with the claims process, indicating possible delays or issues with resolution for Volvo car insurance holders.
#9 – Allstate: Cheapest From Local Agents
Pros
- Local Agents: Allstate provides personalized service through a network of local agents, offering tailored support and advice for Volvo policyholders.
- High A.M. Best Rating: Holds an A+ rating from A.M. Best, reflecting strong financial stability and reliability in insurance services for Volvo drivers.
- Wide Range of Discounts: Offers numerous discounts for various criteria, helping to reduce overall premiums for eligible Volvo car insurance holders.
- Comprehensive Coverage: Offers extensive coverage options and add-ons, helping Volvo owners find a policy that suits their needs. Learn more by reading our Allstate auto insurance review.
Cons
- Higher Monthly Rates: Premiums are generally higher at $94, which might be a drawback for Volvo drivers looking for more budget-friendly options.
- Mixed Customer Service: Customer service experiences can vary, with some Volvo policyholders reporting inconsistent support and service quality.
- Complex Pricing Structure: Pricing and discount structures can be complex, potentially making it difficult for Volvo drivers to fully understand their insurance costs.
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#10 – Liberty Mutual: Cheapest With Affinity Discounts
Pros
- Affinity Discounts: Liberty Mutual offers discounts through various affinity groups, providing additional savings for Volvo policyholders who belong to these organizations.
- Strong A.M. Best Rating: Holds an A rating from A.M. Best, indicating solid financial stability and reliability for Volvo drivers.
- Comprehensive Coverage Options: Provides a broad range of coverage options, allowing Volvo car insurance holders to customize their policies to fit their needs.
- Good Customer Service: Liberty Mutual is known for providing generally positive customer service, with effective support for Volvo owners.
Cons
- Higher Premiums: Monthly rates can be on the higher side at $97, which may be a consideration for Volvo drivers seeking more affordable insurance options.
- Limited Availability: Coverage options may not be available in all states, limiting access for some Volvo policyholders. Read more in our Liberty Mutual auto insurance review.
- Complex Policy Details: The range of policy options and discounts can be complex, making it challenging for Volvo drivers to navigate and understand their insurance choices.
Volvo Car Insurance Cost Analysis and Comparison
How much does Volvo S60 car insurance cost? This cost analysis of Volvo car insurance highlights monthly rates from various providers, with State Farm offering the most competitive monthly premiums: $78 for minimum coverage and $142 for full coverage.
Volvo Car Insurance Monthly Rates by Provider & Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $80 | $144 |
| $94 | $165 |
| $87 | $148 |
| $81 | $147 |
| $92 | $160 |
| $97 | $172 |
| $88 | $152 |
| $78 | $142 |
| $91 | $157 |
| $85 | $150 |
Other cheap Volvo insurance providers include AAA at $80 minimum and $144 full, Allstate at $94 minimum and $165 full, and American Family at $87 minimum and $148 full. In contrast, Liberty Mutual has the highest rates, charging $97 for minimum coverage and $172 for full coverage.
When considering car insurance for specific needs, it’s essential to evaluate the unique features and coverage options each provider offers. Potential customers should evaluate both monthly premiums and available discounts to find the best value for their Volvo insurance.
Cheap Volvo Car Insurance: How Safety Features Drive Down Rates
Volvo’s commitment to safety significantly enhances the accessibility of affordable car insurance. With advanced features like blind-spot monitoring, collision avoidance systems, and automatic braking, Volvo vehicles reduce accident risks, leading to fewer claims and lower premiums.
| Insurance Company | Available Discounts |
|---|---|
| Safe Driver, Multi-Policy, Loyalty |
| Safe Driver, New Car, Multi-Policy |
| Safe Vehicle, Loyalty, Multi-Vehicle |
| Safe Driver, Multi-Car, Paid-in-Full |
| Affinity, Good Driver, Multi-Policy |
| Better Car Replacement, New Car, Multi-Policy |
| Snapshot, Multi-Car, Homeowner |
| Safe Vehicle, Multi-Car, Steer Clear |
| AARP Member, Safe Driver, Bundling |
| Hybrid/Electric Vehicle, Multi-Policy, Homeowner |
Safe Driver Discounts reward clean records while Bundling Discounts from Travelers and American Family saves money when combining car insurance with other policies.
More unique offerings include Liberty Mutual’s Better Car Replacement, The Hartford’s AARP member discount, and Travelers’ hybrid/electric vehicle discount.
Read More: Best Volvo Car Insurance Discounts
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Affordable Volvo Car Insurance Companies
The best cheap Volvo car insurance options are State Farm, AAA, and Erie, with competitive rates and distinctive benefits such as roadside assistance and efficient claims processing.
Ty Stewart Licensed Insurance Agent
How much does Volvo XC40 car insurance cost? Always compare minimum and full coverage to get the best rates. Ask for discounts for your Volvo’s safety features and read customer reviews to find the best companies.
If you’re ready to find cheap Volvo auto insurance near you, enter your ZIP code below to get free quotes from local providers.
Frequently Asked Questions
Is car insurance high for Volvo?
Insurance for Volvos, especially luxury models, can be higher than for other brands, but rates vary based on the model and driver factors. Be sure to review the complete car accident checklist to understand what might affect your insurance costs.
Is car insurance cheaper for Volvos?
Insurance for Volvos can be cheaper or more expensive depending on the specific model and other factors like driver demographics and location. Generally, smaller and less expensive Volvo models may have lower insurance premiums compared to larger, high-end models.
Is Volvo considered a luxury car for car insurance?
Yes, Volvo is considered a luxury car brand. It is known for its premium features, high-quality materials, and advanced safety technologies, which place it in the luxury vehicle category.
What is the cheapest Volvo to insure?
The cost of insuring a Volvo depends on factors like the model year, driving history, and location. The XC40 or V60 typically have lower rates compared to larger models. You can compare Volvo XC40 car insurance costs here.
What is the cheapest Volvo vehicle?
The cheapest Volvo vehicle in terms of purchase price is usually the Volvo XC40. For insurance purposes, this model also tends to be more affordable compared to the larger and more luxurious Volvo options.
How much does it cost to insure a Volvo XC90?
The cost to insure a Volvo XC90 can vary widely based on factors such as the driver’s age, location, and driving history. On average, insurance for a Volvo XC90 tends to be higher than for smaller models due to its size and value. To get a precise quote, it’s best to compare rates from different insurance providers. Find cheap car insurance quotes by entering your ZIP code below.
Who is Volvo’s biggest competitor?
Volvo competes with luxury brands like BMW, Mercedes-Benz, Audi, and Lexus, offering similar high-end features.
Do Volvo cars last long?
Volvo cars are known for their durability and long lifespan with proper care, thanks to their focus on quality and safety. If you’re in an accident, knowing how to determine your car accident claim value is crucial to ensure you receive fair compensation for your vehicle.
Is Volvo a high-maintenance car?
Volvos are generally considered to have moderate maintenance costs. While they are known for their durability and safety, repair and maintenance costs can be higher compared to non-luxury brands. Regular maintenance and timely repairs can help manage these costs effectively.
Why do people choose Volvo?
People choose Volvo for its reputation for safety, reliability, and comfort. Volvo vehicles are known for their innovative safety features, high-quality interiors, and strong performance. Additionally, Volvo has a reputation for durability and longevity.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.