Insuring a Volvo
For many people, the word "Volvo" is synonymous with "safety." There are plenty of good reasons for that. After all, the Swedish automaker has built its brand around safety. Through the years, this auto manufacturer has come up with some of today's most important automotive safety features too. In addition to being very safe, these vehicles are remarkably affordable. They aren't exactly budget cars, but they are within the financial reach of considerable numbers of people. The cost of owning a Volvo is pretty reasonable too. The main reason is because these cars are pretty cheap to insure. The average annual cost to insure a Volvo is $1,536.34. The make ranks 19th on a list of 36 vehicles. In addition to enjoying superior safety and reliability, you will not have to spend too much to keep your vehicle protected. Your monthly bill will be quite reasonable. Learn more about why these vehicles are so reasonable to protect below.
Safety is a Part of Volvo's History
The manufacturer was founded in Sweden in 1927 by Gustaf Larsson and Assar Gabrielsson. Right from the start, the pair placed safety at the top of the priority list. Their first vehicle, which was affectionately known as "Jakob," was manufactured in the city of Guthenburg that same year. By the early 1930s, more than 10,000 vehicles had already been produced. The company's fortunes really started to soar after World War II. The debut of the PV444 was a turning point. The car debuted in the U.S. in the 1950s and immediately made waves. During the 1970s, Volvo cars were the only ones with innovative safety features like rear-facing child seats and childproof locks. Ford bought Volvo in 1998, and the company has continued to flourish since then.
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Impeccable Safety Features and Ratings Keep Insurance Costs Low
Safety has been a key concern for this automaker from its very inception, and that continues to hold true today. Of the make's top models, all of them have received exceptional safety ratings from the Insurance Institute for Highway Safety. The S60, C70 and XC60 all have across-the-board top scores of "Good." There is no question in any driver's mind about the safety of these well-designed cars. You can rest assured that you will be as safe as can be while driving a Volvo.
Theft doesn't Present a Problem
If a car is popular with thieves, car insurers are more likely to hike up premiums. Luckily, this isn't a problem for Volvo cars, which aren't popular targets for car thieves. On the list that is maintained by the National Insurance Crime Bureau of the most-stolen vehicles, there isn't a single mention of this automaker. For whatever reason, thieves just don't consider these cars to be worthwhile targets.
Reasonably Low MSRPs also Help
You won't find a Volvo for a really rock-bottom price, but you get a lot for your money. The S60 has a starting MSRP of just over $31,000, which isn't bad at all. The XC60, which is a well-equipped SUV, begins around $33,000. The snazzy C70 convertible can be had for as little as $40,000. In the scheme of things, there are more affordable cars in this class. However, few have the impeccable safety ratings that these cars enjoy.
The average annual cost to insure various Volvo models is as follows:
- S60 6-Cylinder Sedan - $1,426.00
- C70 5-Cylinder Convertible - $1,427.00
- XC60 6-Cylinder SUV - $1,300.00
Volvos For Sale
Are you looking to purchase a Volvo vehicle and want to know how much it will cost to insure before the big purchase? Start by browsing our comprehensive vehicle inventory.