Volvo Car Insurance

The Volvo Car Corporation is a Swedish automobile manufacturer. It was originally founded in 1927 in Gothenburg, Sweden, and is currently owned by the Zhejiang Geely Holding Group. Ford Motor Company bought the company in 1999 but later sold it off. Volvo manufactures sedans, station wagons, SUVs, and coupes. The U.S. is actually the company’s largest market, followed by Sweden and the United Kingdom.

The Volvo brand has always been synonymous with safety. Throughout its history, Volvo has marketed its vehicles as reliable, well-made, and featuring the latest in safety technology. The auto industry has awarded Volvo many accolades and honors for continuously being at the forefront in passenger safety design and engineering. The company was the first to offer the safety cage, anchor points for 2 and 3 point front and rear seat belts, safety doors and childproof locks on rear doors, the padded instrument panel, and the collision warning system. Volvo is known for investing heavily in safety innovation and testing.

Volvo owners are rightfully proud of their cars. The average age of a Volvo model going “out of service” is 19.8 years. This makes it second only to Mercedes in terms of longevity on the road. One 1966 Volvo P1800 model is in the Guinness Book of Records for recording an amazing 2.8 million miles! This feat was accomplished by a single owner and the car was not used for commercial purposes. It’s easy to see why Volvo owners are some of the most loyal in the car industry.

When you are shopping for insurance for your personal vehicle, it’s smart to contact several different companies and compare quotes. Most agents use certain criteria to determine the rates you will pay for an annual premium. These include the make and model of the car you are insuring and also personal information about the driver. Insurance companies factor in your driving history, your age, where you live, and even your credit report/score.

There are things you can personally do to help lower the cost of car insurance coverage. Drive safely. Bundle your insurance policies together with the same company (such as life, car, home or renter’s insurance). Ask about a low-mileage discount if you qualify. Check your credit report to make sure it is up-to-date and accurate. Also the more safety features your car has, usually the lower the cost.

Volvo risk considerations
The National Insurance Crime Bureau did not list any Volvo models in the top 100 of the most commonly stolen vehicles. This fact can sometimes help lower your insurance premiums so it should be mentioned when writing up your insurance policy.

Volvo Crash Test Results
Safety features and crash test results can impact your cost of car insurance. Generally the more safety features your vehicle has, the less you will pay for an annual premium. These can include car alarm systems, anti-lock brakes, advanced airbag systems, and daytime running lights. Volvo has long set the standard in safety technology. This fact will normally result in savings when you purchase car insurance.

The Insurance Institute for Highway Safety named several Volvo vehicles to their Top Safety Picks of 2012 list:

  • Volvo C30 (midsize cars)
  • Volvo S60 (midsize luxury cars)
  • Volvo S80 (large luxury cars)
  • Volvo XC60 (midsize luxury SUVs)
  • Volvo XC 90 (midsize luxury SUVs)

All of these models received good ratings in all crash test results including high-speed front and side crash tests, a rollover test, and evaluations of seat/head restraints for protection against neck injuries in rear impact collisions.

Volvo insurance
Insurance rates for most Volvo models are considered reasonable and affordable for most consumers. This is due in large part to Volvo’s reputation for reliability and safety. Again, it’s important to remember that insurance companies evaluate different criteria when pricing out an individual car insurance policy. Your personal information will most likely be weighed more heavily than the make and model of your vehicle. There are things you can do to help lower the cost of your car insurance: drive safely and maintain a clean driving record, take advantage of discounts offered by most insurance companies, and keep a good credit rating. Nearly every company will check your credit report when you apply for insurance and will base what they charge you accordingly.

The following insurance quotes are just averages and are meant to be used only as a guideline when budgeting for insurance costs.

You should expect your personal cost for an annual premium to differ from these estimates. Most yearly premiums for a Volvo will average around $1480. You can expect to pay around $1300 for a yearly policy on the Volvo XC90. The Volvo XC70 comes in at around $1342 per year and the Volvo S60 is around $1482. The most expensive Volvo models to insure are the C30 and the C70 which both average around $1600 for an annual premium.