Newer Volvo XC40s cost more to insure than older models due to their higher market values. Monthly premiums for minimum coverage range from $91 for older XC40s to $149 for 2025 models, showing how model year affects insurance costs.
Volvo XC40 Insurance Cost
Updated: January 30, 2026
Key Takeaways
Travelers offers the most affordable Volvo XC40 insurance on average, though full coverage costs vary widely by model year and insurer, averaging $207 monthly nationwide. Read more
The XC40 sits middle tier among SUVs, ranking 159th out of 256 for insurance affordability. SUVs have higher premiums due to increased repair costs and theft risk, making the XC40 expensive compared to all vehicle types. Read more
Your XC40's specific model year impacts insurance rates, especially with teen drivers on your policy. Read MoneyGeek's analysis of rates by company for specific XC40 model years, depending on the age of the drivers
How Much Is Volvo XC40 Insurance?
Insurance rates depend on model year and insurer. Volvo XC40 minimum coverage costs range from $74 monthly with GEICO to $182 with UAIC, while full coverage spans $151 monthly with Travelers to $377 with AIG.
These cost differences (more than $108 for minimum coverage and $226 for full coverage) demonstrate why XC40 owners need to shop around. Companies calculate risk differently for each model, which affects your final quote.
| AAA | $129 | $267 |
| AIG | $154 | $377 |
| Allstate | $142 | $274 |
| Amica | $134 | $274 |
| Chubb | $131 | $260 |
| Farmers | $160 | $281 |
| Geico | $74 | $160 |
| Kemper | $141 | $295 |
| Nationwide | $109 | $188 |
| Progressive | $90 | $167 |
| State Farm | $102 | $213 |
| The Hartford | $133 | $226 |
| Travelers | $82 | $151 |
| UAIC | $182 | $228 |
Is Volvo XC40 Expensive to Insure?
MoneyGeek's analysis of 256 SUVs reveals the Volvo XC40's insurance affordability position. It ranks 159th among SUVs, meaning 158 models cost less to insure, placing it roughly in the middle tier. You'll pay a few dollars more monthly compared to a Volvo XC90 but save a few dollars versus the VinFast VF-8, showing how close many SUV insurance rates cluster together.
While it's middle-of-the-pack among SUVs, the XC40 ranks 555th out of 827 total vehicles in our database, putting it among the top third most expensive models to insure. This reflects SUVs' generally higher insurance costs compared to other vehicle types. The cheapest SUV option is the Isuzu Amigo, while the Audi SQ8 e-tron commands the highest premiums.
| Buick Envision | $156 | 156 |
| Genesis GV60 | $156 | 157 |
| Volvo XC90 | $157 | 158 |
| Volvo XC40 | $157 | 159 |
| VinFast VF-8 | $158 | 160 |
| Hyundai Palisade | $158 | 161 |
| Kia Telluride | $159 | 162 |
Several factors affect what you'll pay for Volvo XC40 insurance:
- Average Repair or Replacement Costs: The Volvo XC40 ranks as Volvo's second most affordable model to maintain out of seven, with repair costs averaging $941 annually. This relatively low maintenance expense helps keep insurance premiums more reasonable.
- Vehicle Trim, Features and Accessories: Performance capabilities vary across trims, with horsepower ranging from 187 to 248. Higher-performance variants with increased horsepower output command higher insurance premiums due to their enhanced performance capabilities.
- Driver Profile:Â Most XC40 drivers fall between 30 and 45 years old, with a median age of around 38. While this mature demographic enjoys lower rates, the vehicle's performance reputation can attract risk-taking behaviors that concern insurers. Read more about the costs of Volvo XC40s for young drivers.
Volvo XC40 Insurance Cost by State
Car insurance for a Volvo XC40 ranges from $51 monthly in Wyoming to $280 monthly in Louisiana for minimum coverage. Location affects rates based on regional risk factors and state insurance regulations, not the vehicle itself.
| Alabama | $87 | $167 |
| Alaska | $76 | $161 |
| Arizona | $127 | $238 |
| Arkansas | $89 | $199 |
| California | $105 | $214 |
| Colorado | $105 | $252 |
| Connecticut | $147 | $254 |
| Delaware | $146 | $247 |
| Florida | $128 | $294 |
| Georgia | $152 | $251 |
| Hawaii | $57 | $129 |
| Idaho | $58 | $119 |
| Illinois | $97 | $181 |
| Indiana | $69 | $136 |
| Iowa | $61 | $147 |
| Kansas | $79 | $185 |
| Kentucky | $134 | $227 |
| Louisiana | $209 | $441 |
| Maine | $57 | $119 |
| Maryland | $155 | $261 |
| Massachusetts | $108 | $231 |
| Michigan | $168 | $324 |
| Minnesota | $88 | $184 |
| Mississippi | $95 | $188 |
| Missouri | $136 | $275 |
| Montana | $83 | $197 |
| Nebraska | $80 | $183 |
| Nevada | $185 | $333 |
| New Hampshire | $77 | $137 |
| New Jersey | $170 | $281 |
| New Mexico | $88 | $199 |
| New York | $128 | $232 |
| North Carolina | $87 | $172 |
| North Dakota | $68 | $149 |
| Ohio | $77 | $151 |
| Oklahoma | $97 | $215 |
| Oregon | $125 | $219 |
| Pennsylvania | $92 | $216 |
| Rhode Island | $135 | $241 |
| South Carolina | $115 | $214 |
| South Dakota | $58 | $179 |
| Tennessee | $82 | $169 |
| Texas | $133 | $275 |
| Utah | $119 | $205 |
| Vermont | $51 | $120 |
| Virginia | $101 | $165 |
| Washington | $95 | $177 |
| West Virginia | $93 | $189 |
| Wisconsin | $69 | $153 |
| Wyoming | $41 | $129 |
Volvo XC40 Costs by Model Year and Insurance Company
A 35- to 55-year-old driver pays around $290 monthly for full coverage on a 2025 Volvo XC40 compared to $155 for a 2021 model. This $135 difference shows how much model year affects your insurance costs, with newer vehicles consistently costing more to insure. Young drivers in their teens and twenties face even higher premiums across all XC40 model years.
GEICO offers the cheapest rates across all Volvo XC40 model years for minimum coverage, while Travelers is the cheapest for full coverage.
Older models (2019 to 2020):
Cost of Car Insurance for 2025 Volvo XC40
| Geico | $104 | $225 |
| Travelers | $114 | $209 |
| National General | $122 | $250 |
| Progressive | $123 | $229 |
| State Farm | $141 | $295 |
| Nationwide | $147 | $255 |
| AAA | $181 | $375 |
| Chubb | $185 | $367 |
| The Hartford | $187 | $320 |
| Amica | $188 | $385 |
| Kemper | $196 | $408 |
| Allstate | $199 | $383 |
| AIG | $215 | $528 |
| Farmers | $227 | $397 |
| UAIC | $255 | $318 |
Cost of Car Insurance for 2024 Volvo XC40
| Geico | $98 | $212 |
| Travelers | $107 | $197 |
| National General | $115 | $235 |
| Progressive | $116 | $216 |
| State Farm | $133 | $278 |
| Nationwide | $139 | $240 |
| AAA | $170 | $353 |
| Chubb | $175 | $346 |
| The Hartford | $176 | $301 |
| Amica | $177 | $363 |
| Kemper | $184 | $385 |
| Allstate | $188 | $360 |
| AIG | $203 | $497 |
| Farmers | $213 | $374 |
| UAIC | $240 | $300 |
Cost of Car Insurance for 2023 Volvo XC40
| Geico | $70 | $153 |
| Travelers | $77 | $142 |
| National General | $83 | $170 |
| Progressive | $84 | $156 |
| State Farm | $96 | $200 |
| Nationwide | $100 | $173 |
| AAA | $123 | $255 |
| Chubb | $126 | $250 |
| The Hartford | $127 | $217 |
| Amica | $128 | $262 |
| Kemper | $133 | $278 |
| Allstate | $135 | $260 |
| AIG | $146 | $359 |
| Farmers | $154 | $270 |
| UAIC | $173 | $216 |
Cost of Car Insurance for 2022 Volvo XC40
| Geico | $66 | $143 |
| Travelers | $72 | $133 |
| National General | $78 | $159 |
| Progressive | $78 | $146 |
| State Farm | $90 | $188 |
| Nationwide | $94 | $162 |
| AAA | $115 | $238 |
| Chubb | $118 | $234 |
| The Hartford | $119 | $203 |
| Amica | $120 | $245 |
| Kemper | $124 | $260 |
| Allstate | $127 | $243 |
| AIG | $137 | $336 |
| Farmers | $144 | $253 |
| UAIC | $162 | $202 |
Cost of Car Insurance for 2021 Volvo XC40
| Geico | $55 | $120 |
| Travelers | $61 | $112 |
| National General | $65 | $134 |
| Progressive | $66 | $123 |
| State Farm | $75 | $158 |
| Nationwide | $79 | $137 |
| AAA | $97 | $201 |
| Chubb | $99 | $197 |
| The Hartford | $100 | $171 |
| Amica | $101 | $206 |
| Kemper | $105 | $219 |
| Allstate | $107 | $205 |
| AIG | $115 | $283 |
| Farmers | $121 | $213 |
| UAIC | $136 | $170 |
Cost of Car Insurance for 2020 Volvo XC40
| Geico | $70 | $151 |
| Travelers | $79 | $145 |
| National General | $80 | $165 |
| Progressive | $90 | $167 |
| State Farm | $100 | $209 |
| Nationwide | $113 | $196 |
| Chubb | $121 | $240 |
| AAA | $121 | $251 |
| The Hartford | $122 | $208 |
| Amica | $124 | $254 |
| Allstate | $135 | $260 |
| Kemper | $138 | $288 |
| AIG | $147 | $359 |
| Farmers | $147 | $257 |
| UAIC | $174 | $216 |
Cost of Car Insurance for 2019 Volvo XC40
| Geico | $62 | $135 |
| Travelers | $71 | $129 |
| National General | $71 | $146 |
| Progressive | $80 | $148 |
| State Farm | $89 | $186 |
| Nationwide | $101 | $175 |
| Chubb | $108 | $213 |
| AAA | $108 | $224 |
| The Hartford | $108 | $185 |
| Amica | $111 | $226 |
| Allstate | $120 | $231 |
| Kemper | $123 | $257 |
| AIG | $131 | $319 |
| Farmers | $131 | $229 |
| UAIC | $155 | $193 |
Volvo XC40 Insurance Cost by Trim
Insurance costs for your Volvo XC40 vary by trim, from $79 monthly for minimum coverage on basic T4 Momentum Sport Utility 4D models to $313 for full coverage on high-performance B5 Ultra Dark Theme variants. Performance features and market value determine where each trim falls in this range.
| T4 Momentum Sport Utility 4d | $79 | $154 |
| T5 Momentum Sport Utility 4d | $86 | $167 |
| T4 R-Design Sport Utility 4d | $94 | $182 |
| T5 R-Design Sport Utility 4d | $94 | $182 |
| T5 Inscription Sport Utility 4d | $94 | $182 |
| B4 Core Sport Utility 4d | $95 | $184 |
| B5 Core Sport Utility 4d | $98 | $192 |
| B4 Plus Dark Theme Sport Utility 4d | $100 | $194 |
| B4 Plus Bright Theme Sport Utility 4d | $101 | $196 |
| B5 Ultimate Bright Theme Sport Utility 4d | $102 | $197 |
| B5 Ultimate Dark Theme Sport Utility 4d | $102 | $197 |
| B4 Ultimate Bright Theme Sport Utility 4d | $102 | $199 |
| B5 Plus Dark Theme Sport Utility 4d | $104 | $201 |
| B5 Plus Bright Theme Sport Utility 4d | $104 | $202 |
| T4 Inscription Sport Utility 4d | $104 | $203 |
| B4 Ultimate Dark Theme Sport Utility 4d | $105 | $204 |
| B5 Core Dark Theme | $127 | $247 |
| B5 Core Bright Theme | $128 | $249 |
| B5 Plus Darktheme | $142 | $276 |
| B5 Plus Bright Theme | $144 | $280 |
| B5 Plus Dark Theme | $147 | $286 |
| B5 Ultimate Bright Theme | $153 | $297 |
| B5 Ultimate Dark Theme | $153 | $298 |
| B5 Ultra Bright Theme | $160 | $310 |
| B5 Ultra Dark Theme | $161 | $313 |
How to Lower the Cost of Volvo XC40 Insurance
These proven tips help you find better rates and secure affordable Volvo XC40 insurance coverage:
- 1Choose the right coverage
You'll need to decide how much coverage to buy for your Volvo XC40. If you own your vehicle, get your state's minimum liability requirements plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability coverage with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with a $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Learn what you should pay by researching average auto insurance costs for compact SUVs. This benchmark assists with finding the cheapest car insurance companies offering competitive rates. Understanding typical pricing helps you identify genuine savings versus inflated quotes from insurers targeting luxury vehicle owners in markets like Silicon Valley.
- 3Look for more than just low rates
Finding quality car insurance means evaluating insurers beyond their quotes. Check J.D. Power satisfaction ratings, examine forum discussions about claims processing, review Better Business Bureau records and confirm AM Best financial ratings. Budget options could provide limited coverage or slower service, particularly important for Volvo owners who value reliability and comprehensive protection for their investment.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your situation. Volvo XC40 owners qualify for safety features discounts, good driver rewards, bundling savings and anti-theft device reductions. Many insurers also offer professional discounts for business districts like Wall Street, multi-vehicle savings and loyalty programs that can reduce your annual premiums.
- 5Consider alternative car insurance types
Volvo XC40 owners might benefit from usage-based insurance programs like Progressive Snapshot or Allstate Drivewise. These options track safe driving habits and deliver premium reductions based on actual driving behavior. This approach works particularly well for urban professionals with short commutes or those who primarily drive on weekends rather than daily.
- 6Check rates every year
Obtain car insurance quotes from multiple companies annually. Your insurer doesn't notify you when competitors lower prices, so yearly comparisons could save up to 24% on your Volvo XC40 insurance. Market conditions change frequently, and new discounts or promotional rates become available that existing customers often miss without actively shopping around.
Volvo XC40 Insurance Cost: Bottom Line
A Volvo XC40 costs more than average to insure, but you can still secure decent rates. Compare quotes from multiple insurers, maximize available discounts and adjust your coverage choices to find better pricing.
Volvo XC40 Insurance Rates: FAQ
What is the average cost of car insurance for a Volvo XC40?
Insurance for a Volvo XC40 averages $1,280 annually for state minimum coverage and $2,488 for full coverage. These rates make the XC40 more affordable to insure than many comparable vehicles.
What company has the cheapest car insurance for a Volvo XC40?
GEICO provides the most affordable minimum coverage for a Volvo XC40 at $887 annually. Travelers offers the best value for full coverage at $1,806 per year.
Are Volvo XC40s expensive to insure?
No, Volvo XC40 insurance is not more expensive than most vehicles. Among SUVs, this model ranks 159th out of 256 for affordability, while placing 555th out of 827 across all vehicle types we track.
What factors affect insurance costs for Volvo XC40s?
The vehicle's advanced safety features and repair costs for luxury parts influence pricing. Your driving record, credit score, and coverage selections also impact your premium costs.
How can I lower Volvo XC40 insurance costs?
Compare quotes from multiple insurers since Volvo XC40 pricing differs between companies, and explore usage-based programs that monitor your driving behavior. Claim available discounts, bundle with home or renters insurance, and maintain a clean driving record to secure better rates.
How We Determined Volvo XC40 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate Volvo XC40 insurance costs.
Who We Based These Rates On
These Volvo XC40 rates reflect what an average driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.