Who is Volvo?
Established back in 1927 by Gustav Larson and Assar Gabrielsson, Swedish car manufacturer Volvo is best-known for building some of the safest cars available on the market as well as designing the very first three-point seat belts in 1959. More recently, Volvo has pioneered lane-keeping aids and birds-eye-view parking cameras.
Once infamous for their boxy car designs, Volvo now produces stylish cars packed full of innovative safety features and technology.
Popular Volvo Models
A variety of factors will determine how much you pay for your car insurance. This includes your age, driving history, insurance group and even your occupation (as well as several other factors). In the table below, we've highlighted the average price you might expect to pay to insure the most popular Volvo models.
| Model | Average Price |
|---|---|
| Volvo C30 | £958 |
| Volvo XC40 | £662 |
| Volvo XC60 | £1,558 |
| Volvo XC90 | £1,858 |
| Volvo EX30 | £610 |
| Volvo S40 | £664 |
| Volvo V40 | £649 |
| Volvo V60 | £575 |
| Volvo V70 | £636 |
How Can I Get Cheaper Volvo Insurance?
It's only natural to want to save money on your insurance, but what's the best way to reduce your premiums? Here are our tips for reducing the cost of your Volvo car insurance.
- Reduce your annual mileage: If you can reduce your annual mileage you’ll be considered less of a risk by insurers, which is a straightforward way to get your premium a bit lower.
- Always compare and switch: Drivers should get into the habit of comparing car insurance every year and switching providers if they are offering the most competitive quote versus their existing insurance company.
- Park your car off the road: Where you park your car overnight can also impact the cost of your insurance. Parking your car off-road, such as on your driveway or better still, in your garage will further help to reduce your premium costs.
- Pay in full: Choosing to pay the full cost of your insurance in one lump sum can help make your insurance cheaper as monthly payments are often higher due to the inclusion of interest charges and processing fees.
- Improve security: According to insurance providers' statistical data, vehicles with better security are deemed less likely to be stolen. While higher-spec models like the XC90 come with additional security features, if you drive a more standard model, consider installing an immobiliser or tracking device to get cheaper insurance.
What Factors Influence the Cost of Volvo Car Insurance?
Your insurance costs are determined by several factors:
- Type of policy: The type of coverage you choose significantly impacts the price you’ll pay. For example, drivers who need fully comprehensive cover can usually expect to pay more for their insurance than a driver who only needs a third-party policy.
- Vehicle modifications: Altered exhausts, engine modifications, body kits and other changes can influence the cost of your insurance. Any enhancements to your Volvo's performance can push up the cost of your premium as you will be deemed more of an accident risk by insurers. In addition, the cost of any repairs may also be higher which will be reflected in your insurance costs.
- Your age: Insurance companies use a driver’s age as one of the principal determining factors when calculating the cost of a policy. Younger drivers on average pay more than older, more experienced drivers, so the younger you are, the higher your insurance premiums will likely be, all else being equal.
- Your make and model: The make and model of your Volvo will also greatly influence your insurance costs. High-performance models like the Volvo C30 R-Design are likely to have a higher premium than the more modest Volvo V40. If you drive an older vehicle that is worth less than a new one, then you can also expect a lower premium.
- Your voluntary excess: Your voluntary excess (the amount you pay when you need to make a claim) is also an important factor. The more you are willing to pay upfront in terms of excess, the lower your overall premium will be.
- Your occupation: Some professions such as delivery drivers, journalists and even plumbers are linked statistically to a higher chance of being involved in an accident. Conversely, occupations such as secretaries, librarians and teachers are often perceived to be at less risk of an accident, and so can often enjoy lower premiums as a consequence.