10 Best Car Insurance Companies for Volvos in 2024 (Your Guide to the Top Providers)

Pros

• Extensive Bundling Opportunities for Volvo Owners: Allstate provides a 10% discount when combining multiple insurance policies, allowing Volvo owners to group auto, home, and other coverages under one insurer, thereby simplifying their insurance management while reaping notable savings.
• Innovative Drivewise Program Tailored for Volvo Drivers: Allstate’s Drivewise initiative rewards Volvo drivers who demonstrate careful driving behaviors, like smooth starts and stops, with substantial usage-based discounts. Obtain detailed insights by reading our guide titled, “Allstate Auto Insurance Review & Complaints.”
• Strong Financial Stability with A+ Rating: Volvo drivers can count on Allstate’s solid financial strength, supported by an A+ rating from A.M. Best.

Cons

• Limited Bundling Discount Ceiling for Volvo Owners: Allstate’s discount for bundling, though helpful, is limited to 10%, which might be seen as lower compared to other insurers offering more generous multi-policy discounts. 
• Variable Premium Rates Depending on Volvo Model: Allstate’s rates can fluctuate notably based on the specific Volvo model and the driver’s history. 

#2 – State Farm: Best for Teen Discounts

Pros

• Targeted Teen Driver Discounts for Volvo Families: State Farm offers discounts for families with teen drivers, providing significant savings for Volvo owners, especially for insuring new drivers in a brand known for safety.
• Enhanced Bundling Savings Across Volvo Policies: With a 12% discount for bundling various policies, State Farm allows Volvo owners to consolidate different insurance needs, from auto to home, under one umbrella. Read our guide titled, “State Farm Insurance Review & Complaints” for more information.
• Versatile Coverage Options to Fit Volvo’s Range: State Farm’s broad selection of coverage options suits the diverse requirements of Volvo drivers, whether they own a compact SUV or a premium sedan. 

Cons

• Moderate A.M. Best Rating: State Farm’s B rating from A.M. Best, while satisfactory, does not reach the top levels of some competitors. This may be a concern for Volvo owners who value the financial robustness of their insurer, especially when considering long-term protection for high-value vehicles.
• Potentially Less Attractive Multi-Policy Discounts for Volvo: The 12% bundling discount may seem less appealing compared to competitors with higher offers, limiting Volvo drivers seeking greater multi-policy savings.

#3 – Geico: Best for Cost Savings

Pros

• Notably Low Rates for Volvo Vehicles: Geico is known for its very competitive pricing, offering some of the most affordable premiums in the market, which is especially appealing to Volvo drivers aiming to minimize their insurance expenses. 
• Top-Level Financial Security with A++ Rating: Geico’s A++ A.M. Best rating shows exceptional financial strength, assuring Volvo owners of reliable claims handling and stability.
• Variety of Discounts Available for Volvo Owners: Geico offers a diverse array of discounts that can benefit Volvo drivers, from safe driver bonuses to savings for bundling home and auto policies.  Discover more by exploring our in-depth guide titled, “Geico DriveEasy: Complete Guide & Review.”

Cons

• Lower Bundling Discount Rate for Volvo Customers: Geico’s bundling discount is capped at 8%, which is relatively modest compared to some competitors. 
• Limited Flexibility in Coverage Customization: While Geico’s affordable premiums are attractive, the insurer’s policies may offer less flexibility in coverage customization.  policies.

#4 – American Family: Best for Discount Availability

Pros

• Extensive Discount Choices for Volvo Drivers: American Family delivers a wide selection of discounts that cater well to Volvo owners, including savings for bundling, vehicle safety features, and low mileage. 
• Bundling Perks for Volvo Policies: Volvo drivers can benefit from a 9% discount when bundling multiple policies with American Family. 
• Strong Financial Status with A Rating: American Family’s A.M. Best A rating highlights its strong financial stability, assuring Volvo drivers reliable long-term insurance support. For further details, see our guide titled, “American Family Insurance Review & Complaints.”

Cons

• Moderate Bundling Discount Percentage for Volvo: Although American Family provides a bundling discount, the 9% rate is less competitive compared to some leading insurers.
• Potentially Higher Rates for Certain Volvo Models: Depending on the specific Volvo model and the driver’s record, American Family’s premiums can be higher, which may counterbalance some of the discount benefits. 

#5 – USAA: Best for Military Savings

Pros

• Exclusive Military Discounts: USAA offers significant savings for military Volvo drivers and their families, reducing premiums and providing specialized coverage.
• Bundling Discounts: Volvo drivers can save 12% by bundling policies with USAA, ideal for military families with diverse insurance needs.
• A++ Financial Strength: USAA’s A++ rating from A.M. Best ensures strong financial backing and reliable claim support for Volvo owners. For more information, check out our complete guide titled, “USAA Insurance Review & Complaints.”

Cons

• Restricted Eligibility: USAA’s insurance products are exclusively available to military members, veterans, and their families, which excludes many Volvo drivers who do not meet these criteria. 
• Complex Coverage Conditions for Volvo Drivers: USAA offers extensive coverage, but Volvo drivers may find the terms complex and time-consuming to navigate for the best coverage.

#6 – Travelers: Best for Comprehensive Coverage

Pros

• Bundling Deals: Travelers offers 11% savings on combined plans like auto, home, or umbrella insurance, ideal for Volvo drivers seeking comprehensive coverage.
• Strong Financial Rating: With an A++ from A.M. Best, Travelers ensures Volvo owners are protected by a financially stable insurer. To discover more about the company, visit our guide titled, “Travelers Insurance Review & Complaints.”
• Personalization: Offers coverage options like gap insurance, rental car coverage, and new vehicle replacement tailored to Volvo models.

Cons

• Moderate Discounts: The 11% bundling savings may not be as competitive compared to other insurers.
• Higher Premiums: Travelers’ rates can be higher, especially with all-inclusive packages and multiple add-ons.

#7 – Progressive: Best for Roadside Assistance

Pros

• Specialized Volvo Support on the Road: Progressive offers tailored roadside assistance for Volvo vehicles, from tire changes to towing, ensuring drivers aren’t stranded. Their A+ reliability and customer satisfaction back this service.
• Adaptable Discount Strategies: Progressive provides an 8% bundling discount for Volvo owners combining auto with homeowner’s or renter’s insurance, offering targeted savings despite being slightly below competitors.
• Varied Coverage Options: Volvo owners can customize policies with Progressive, adding coverage for custom parts and accessories to fit specific vehicle upgrades and modifications. Gain insights from our guide titled, “Progressive Insurance Review & Complaints.”

Cons

• Less Competitive Discount Rates: The 8% bundling incentive from Progressive is on the lower end compared to other major insurers, which could make it less appealing for Volvo owners focused on maximizing savings through bundled policies.
• Higher Cost for Premium Plans: Volvo owners may find the premiums for Progressive’s comprehensive options to be somewhat elevated, especially when additional services like roadside assistance are included. 

#8 – Farmers: Best for Safe-Driving Discounts

Pros

• Rewards for Safe Drivers: Farmers offers incentives for Volvo drivers who maintain safe driving habits, reducing premiums through programs like Signal that monitor behavior.
• Balanced Policy Bundling Savings: Farmers provides a 10% bundling incentive for Volvo owners combining auto insurance with other policies, offering solid savings for comprehensive coverage.
• Dependable Financial Standing: Farmers’ A rating from A.M. Best reflects strong financial stability, assuring Volvo owners their claims will be handled reliably and promptly. Uncover details in our guide titled, “Farmers Insurance Review & Complaints.”

Cons

• Participation in Monitoring Programs: Accessing safe-driving discounts often requires enrollment in programs like telematics, which may not appeal to all Volvo owners due to concerns about privacy or the perceived invasiveness of such systems.
• Standard Premium Levels: Farmers’ 10% bundling discount is competitive but may not offer the best premiums, which could be less appealing for Volvo owners seeking larger immediate savings.

#9 – Liberty Mutual: Best for Add-on Coverage

Pros

• Broad Array of Add-ons: Liberty Mutual excels by offering a wide selection of optional coverages that can be tailored to meet the specific needs of Volvo vehicles. Dive into our article called, “Liberty Mutual Insurance Review & Complaints.”
• Strong Bundling Discount: With an 11% bundling incentive, Liberty Mutual presents a competitive option for Volvo drivers looking to consolidate various insurance needs under a single provider. 
• Reliable Financial Rating: Liberty Mutual’s A rating from A.M. Best indicates a secure financial footing, offering Volvo owners reassurance that their insurer is capable of meeting claims, even in financially demanding situations. 

Cons

• Complex Pricing for Add-ons: The extensive selection of add-ons may complicate the pricing structure, potentially leading to increased premiums for Volvo drivers who opt for comprehensive coverage packages. 
• Restrictive Discount Requirements: While the 11% bundling incentive is appealing, the eligibility conditions can be restrictive, limiting potential savings for some Volvo owners. 

#10 – Nationwide: Best for Vanishing Deductible 

Pros

• Unique Deductible Reduction: Nationwide offers an innovative vanishing deductible feature, rewarding Volvo drivers by gradually lowering their deductible for every year they maintain a clean driving record. 
• Steady Bundling Discounts: Nationwide offers Volvo owners a dependable 10% bundling incentive when combining auto insurance with other types, such as life insurance. 
• High Financial Rating: Nationwide’s A+ score from A.M. Best reflects its strong financial stability, making it a reliable choice for Volvo drivers who value security and trustworthiness in their insurance provider. Access detailed insights in our guide titled, “Nationwide Insurance Review & Complaints.”

Cons

• Conditional Benefits for Deductible Reduction: The vanishing deductible has annual conditions, which may complicate its appeal for Volvo owners seeking simple benefits.
• Moderate Discount Competitiveness: The 10% bundling discount is helpful but may not compete with higher savings from other insurers, affecting Volvo owners prioritizing immediate premium reductions.

Monthly Volvo Insurance Rates: Coverage Comparison by Provider

When assessing car insurance for Volvos, rates can differ greatly depending on the level of coverage and the provider. The table below displays the monthly premiums for both minimum and comprehensive coverage from leading insurance companies.

Volvo Car Insurance Monthly Rates by by Provider & Coverage Level

Insurance Company	Minimum Coverage	Full Coverage
	$155	$293
	$140	$275
	$162	$312
	$135	$268
	$153	$300
	$148	$271
	$142	$263
	$151	$289
	$163	$306
	$134	$255

For minimum coverage, Geico offers the lowest rate at $135, closely followed by American Family at $140 and USAA at $134. These providers provide competitive pricing for basic coverage needs. In contrast, for full coverage, Geico again stands out with the most affordable rate at $268, while USAA follows with a rate of $255, making them excellent choices for comprehensive protection. 

Car Insurance Discounts From the Top Providers for Volvos

Insurance Company	Available Discounts
	Anti-Theft Device Discount, Multi-Policy Discount, New Car Discount, Safe Driver Discount
	Good Student Discount, Defensive Driving Course Discount, Low Mileage Discount, Multi-Policy Discount
	Safe Driver Discount, Good Student Discount, Anti-Theft Device Discount, Multi-Car Discount
	Safe Driver Discount, Multi-Policy Discount, Defensive Driving Course Discount, Good Student Discount
	Anti-Theft Device Discount, New Car Discount, Multi-Policy Discount, Safe Driver Discount
	Safe Driver Discount, Multi-Policy Discount, Good Student Discount, Low Mileage Discount
	Defensive Driving Course Discount, Multi-Policy Discount, Good Student Discount, New Car Discount
	Good Student Discount, Safe Driver Discount, Multi-Policy Discount, Defensive Driving Course Discount
	New Car Discount, Safe Driver Discount, Multi-Policy Discount, Anti-Theft Device Discount
	Multi-Policy Discount, Good Student Discount, Safe Driver Discount, Defensive Driving Course Discount

Allstate and State Farm, while slightly higher in rates, offer robust coverage options with Allstate at $293 for full coverage and State Farm at $289. Learn more about the offerings in our guide titled, “Full Coverage Car Insurance.”

Comparing Volvo Car Insurance Coverage Options

The best Volvo insurance companies will offer an abundance of options. You may need some, if not all, of the following coverages:

• Liability Coverage: Liability coverage is required in all states and forms the basis of all car insurance policies, protecting your Volvo in common scenarios like accidents, property damage, and injuries to others.
• Comprehensive Car Insurance: Comprehensive coverage kicks in when you need to file claims regarding theft, falling objects, floods, or a variety of other external causes which don’t involve your vehicle colliding with another object.
• Collision Coverage: Liability covers damages or injuries to others if you cause an accident but doesn’t cover your vehicle; collision coverage pays to repair or replace your vehicle in at-fault accidents.
• Uninsured/Underinsured Coverage: Underinsured coverage bridges the gap between the at-fault driver’s liability limit and your costs for medical or property damage. Adding this to your XC60 policy raises costs but reduces your risk. Discover the best uninsured motorist coverage car insurance companies.
• Roadside Assistance: This affordable option can help you avoid costly claims, as abandoned vehicles are more prone to vandalism and theft, making a small annual fee worth the peace of mind.

If you’ve still got payments to make, whether loan or lease, comprehensive and collision will be required by your lien holder/lessee in order to protect their investment. Find the best collision coverage car insurance companies to get the lowest Volvo car insurance quotes.

Comparing Volvo Car Insurance Rates

Are Volvos expensive to insure? You can expect your rates to clock in above average. But for a luxury vehicle, Volvo insurance quotes are quite reasonable.

Car Insurance Full Coverage Monthly Rates by Vehicle Make

Still, the vehicle you drive is only one data point that factors into your cost. Other factors that affect your car insurance rates include your age, driving history, credit score, insurance history, location, and other personal information.

Strategies for Cutting Costs on Volvo Car Insurance

Coverage options and car insurance discounts vary from provider to provider. Keep these discounts in mind to lower the insurance cost:

• Vehicle Safety: Volvos are known for boasting some of the highest-tech safety features available. Most insurance companies offer discounts accordingly.
• Anti-Theft: Many Volvos are automatically equipped with anti-theft features, so ask your insurance carrier to be sure that you’re seeing those savings.
• Multi-Car: If your Volvo has a companion in the garage, quote your other vehicle(s) too. Bundling vehicles with the same company often garners one of the biggest discounts available.
• Multi-Line: Whether it’s homeowners, renters, or life insurance, bundling policies of different types will garner a discount on each.
• Driver Training: Maybe it’s been a while since you’ve taken a driver’s training course. Most insurers offer discounts for taking updated classes, even online.

Updating your driver training can also lead to further reductions. By exploring these options and discussing them with your insurance carrier, you can maximize your savings and ensure you get the best possible rate.