Insurance Coverage For Your Volvo Xc90: How Much Is Enough?

The cost of auto insurance for a Volvo XC90 depends on a variety of factors, including your age, location, driving history, and model year. The average cost of insurance for this vehicle is $2,625 per year, or $219 per month, but rates can vary. For example, the 2023 Volvo XC90 costs $2,625 per year to insure, while the 2022 model costs $1,791. The cheapest insurance company for the 2023 Volvo XC90 is State Farm, which offers an annual rate of $1,807. The cost of insurance also depends on whether you choose liability-only coverage or full coverage. Liability insurance for a Volvo XC90 averages $79 per month, while full coverage is around $143 per month.

How age impacts insurance costs

Age is one of the most significant factors in determining insurance costs. In the case of auto insurance, younger and older drivers are generally considered to be riskier and, therefore, tend to pay higher premiums than drivers in their mid-20s to mid-40s.

Teen Drivers

Teen drivers are considered some of the riskiest to insure. Drivers aged 16 to 19 get into almost three times as many fatal car accidents per mile driven as any other age group. As a result, insurers frequently charge more to insure teens to offset the higher costs associated with their claims.

Adult Drivers

The cost of auto insurance typically begins to drop by the time a driver reaches their early 20s. By age 25, drivers often see a significant reduction in their premiums. Throughout adulthood, provided that drivers maintain a clean driving record and make no insurance claims, premiums generally continue to decrease as drivers gain more experience.

Senior Drivers

As drivers enter their senior years, insurance premiums can start to increase again due to age-related factors such as vision or hearing loss and slowed response time, which make seniors more prone to accidents. However, while seniors may face higher premiums, they are unlikely to pay the high rates of teen drivers, assuming they have a clean driving record.

Health Insurance

Health insurance rates also increase with age, as older people are more likely to need medical care. By your early 50s, you will generally pay twice as much as you did in your early 20s. However, federal rules in the US limit how much individuals pay for Affordable Care Act (ACA) plans based on age. For example, individuals aged 64 and older can't be charged more than three times as much as someone in their early 20s.

Insurance costs by model year

The cost of insurance for a Volvo XC90 varies depending on the model year of the vehicle. Here is a breakdown of the average insurance costs for different model years of the Volvo XC90:

2023 Volvo XC90

The average cost to insure a 2023 Volvo XC90 is $2,625 per year, with the cheapest rate offered by State Farm at $1,807 per year. The available trims for this model year include the T5 Momentum, T6 Inscription, T6 Momentum, T8 Inscription, T8 Inscription Expression, and T8 R-Design.

2022 Volvo XC90

The average insurance cost for the 2022 Volvo XC90 is $1,791 per year, with an annual cheapest rate of $1,382. The trims available for this model year are similar to the 2023 model, including the T5 Momentum, T6 Inscription, T6 Momentum, T8 Inscription, T8 Inscription Expression, and T8 R-Design.

2021 Volvo XC90

For the 2021 model year, the average cost of insurance is $1,754 per year, with a cheapest annual rate of $1,166. The trims available include the T5 Momentum, T6 Inscription, T6 Momentum, T8 Inscription, T8 Inscription Expression, and T8 R-Design.

2020 Volvo XC90

The average insurance cost for the 2020 Volvo XC90 is $1,833 per year, with a cheapest annual rate of $1,352. The trims available for this model year are the same as the previous two years, with the addition of the T8 trim.

2019 Volvo XC90

The 2019 Volvo XC90 has an average insurance cost of $1,854 per year, and a cheapest annual rate of $1,323. The available trims are similar to the 2020 model year.

2018 Volvo XC90

The average insurance cost for the 2018 Volvo XC90 is $1,863 per year, with a cheapest annual rate of $1,315. The trims available include the T5, T6, T8, and T8 Uber Edition.

2017 Volvo XC90

For the 2017 model year, the average insurance cost is $1,781 per year, and the cheapest annual rate is $1,378. The trims available are the same as the 2018 model year, with the addition of the T5 Momentum.

2016 Volvo XC90

The 2016 Volvo XC90 has an average insurance cost of $1,682 per year, and a cheapest annual rate of $1,276. The trims available include the T5 Momentum, T6 Inscription, T6 Momentum, T8 Inscription, T8 Inscription Expression, and T8 R-Design.

2014 Volvo XC90

The average insurance cost for the 2014 Volvo XC90 is $1,044 per year. The specific trims for this model year include the 3.2, 3.2 Premier Plus, 3.2 R-Design, 3.2 Platinum, and 3.2 R-Design Platinum.

2013 Volvo XC90

The 2013 model year has an average insurance cost of $933 per year. The trims available include the 3.2, 3.2 Premier Plus, 3.2 R-Design, 3.2 R-Design Premier Plus, 3.2 Platinum, and 3.2 R-Design Platinum.

2012 Volvo XC90

The average insurance cost for the 2012 Volvo XC90 is $897 per year, with Plymouth Rock Insurance offering the cheapest rate. The trims available for this model year are the same as the 2013 Volvo XC90.

2011 Volvo XC90

The 2011 Volvo XC90 has an average insurance cost of $989 per year. The specific trims for this model year include the 3.2, 3.2 R-Design, and V8.

It's important to note that insurance rates can vary based on factors such as location, driving history, age, and other variables. Additionally, the base price, safety features, repair costs, part prices, and accident risk of the vehicle can also impact insurance rates.

Cheapest insurance companies

The cost of insuring a Volvo XC90 varies depending on the model year, the driver's age, driving history, location, and other factors.

• 2021: Mercury, with rates as low as $29 per month.
• 2020: Shelter Mutual, with rates as low as $25 per month.
• 2019: Mile Auto, with rates as low as $31 per month.
• 2018: Clearcover, with rates as low as $23 per month.
• 2017: Clearcover, with rates as low as $28 per month.
• 2016: Ohio Mutual, with rates as low as $23 per month.
• 2014: Foremost, with rates as low as $62 per month.
• 2013: Amica, with rates as low as $26 per month.
• 2012: Shelter Mutual, with rates as low as $28 per month.
• 2011: Infinity, with rates as low as $24 per month.
• 2010: Clearcover, with rates as low as $19 per month.

The cost of insurance also varies based on the driver's profile, including age, gender, driving history, and credit score. Here are some of the cheapest insurance companies for Volvo XC90 drivers in different categories:

• Good drivers: Erie Insurance, with an average rate of $1,532 per year.
• Female teen drivers: Erie Insurance, with an average rate of $3,478 per year.
• Male teen drivers: Erie Insurance, with an average rate of $4,351 per year.
• Military community: USAA, with an average rate of $1,335 per year.
• Female senior drivers: Erie Insurance, with an average rate of $1,277 per year.
• Male senior drivers: Erie Insurance, with an average rate of $1,224 per year.
• After a DUI: Progressive, with an average rate of $2,296 per year.
• After a speeding ticket: Erie Insurance, with an average rate of $1,765 per year.
• After an accident: Erie Insurance, with an average rate of $1,964 per year.
• Poor credit: Nationwide, with an average rate of $2,268 per year.
• Minimum coverage: Erie Insurance, with an average rate of $1,483 per year.
• High coverage: Erie Insurance, with an average rate of $1,574 per year.

It's important to note that insurance rates can vary based on specific driver profiles and locations, so it's recommended to compare quotes from multiple insurance companies to find the most affordable option for your needs.

How driving history affects insurance costs

The cost of auto insurance for a Volvo XC90 depends on several factors, including the vehicle's age, the driver's age and gender, location, and driving history. On average, Volvo XC90 owners can expect to pay around $147 per month for insurance.

Now, let's discuss how driving history affects insurance costs in more detail:

A person's driving history plays a significant role in determining their auto insurance premiums. Insurance companies use driving history to assess the risk associated with insuring a particular driver. A clean driving record indicates careful driving behaviour, which is reflected in lower insurance rates. On the other hand, a history of traffic violations and accidents will result in higher insurance rates as it places drivers in the high-risk category.

Impact of Claims History

Insurance providers consider a driver's claims history when quoting a new policy or renewing an existing one. Claims, regardless of their nature, cost insurance companies money. Therefore, a history of multiple claims indicates that the driver could be a money-losing customer, leading to higher insurance rates. The type of claim also matters; at-fault accidents and collisions tend to result in higher premium increases than other types of claims.

Timing of Claims

The timing of claims is another factor that insurance companies consider. They take into account how recently a claim was made, with more recent claims having a greater impact on premium calculations. For example, a claim made within the past two years will have a more significant effect on insurance rates than a claim made a decade ago.

Details of Claims

In addition to the timing, the specific details of the claims are also important. Insurance companies examine the circumstances surrounding the claim, including fault, driving record, and the amount of the claim. At-fault accidents, especially those involving younger or teenage drivers, will result in higher premium increases.

Moving Violations and Speeding Tickets

Moving violations, such as speeding tickets, are also considered when determining insurance rates. While a single speeding ticket may not significantly impact insurance rates, multiple speeding tickets or other moving violations will result in higher premiums. The severity of the violation also matters, with more severe violations resulting in more points on a driver's record and potentially leading to license suspension.

DUI/DWI Convictions

Convictions for driving under the influence (DUI) or driving while intoxicated (DWI) will cause insurance premiums to increase substantially. In some cases, insurance providers may even refuse to renew a policy after a DUI/DWI arrest. Drivers with such convictions may be forced to purchase expensive coverage from high-risk insurance companies or enrol in their state's assigned-risk car insurance plan.

In summary, maintaining a clean driving record is crucial for keeping auto insurance rates low. Insurance companies view driving history as a predictor of future behaviour, and any claims, violations, or accidents will result in higher insurance costs. By practising safe and responsible driving habits, drivers can avoid the financial consequences of a poor driving record.

Insurance costs by state

The cost of car insurance varies significantly from state to state. The national average cost of car insurance is $2,118 per year, according to Forbes Advisor's analysis of full-coverage car insurance rates. However, the average cost of car insurance in New York is $4,769 per year, while in Idaho, it is $1,021 per year.

Several factors contribute to the variation in car insurance costs across states. One key factor is the competitive nature of the auto insurance market in a state. A state with a competitive market, where several national and regional companies sell insurance, will likely offer more affordable rates. Additionally, states with higher repair costs, medical expenses, and claim frequencies tend to have higher insurance costs. For instance, states prone to severe weather events, such as hurricanes, or those with a higher rate of vandalism or car theft, will likely have more expensive car insurance.

The number of lawsuits in a state also impacts insurance costs. Louisiana, for example, has a high rate of bodily injury claims and lawsuits, resulting in higher insurance costs. Similarly, states with more congested metropolitan areas tend to have higher insurance rates due to the increased likelihood of accidents and claims.

State-specific laws and requirements also play a role. States that mandate additional coverage types, such as uninsured motorist coverage or personal injury protection, tend to have higher insurance costs. For instance, Florida, Michigan, New Jersey, New York, and Delaware, which require PIP coverage, are among the most expensive states for car insurance.

When determining insurance rates, companies also consider factors like driving records, age, gender, marital status, and vehicle type. By taking these factors into account, insurance companies can assess the risk associated with each driver and adjust their rates accordingly.

Frequently asked questions