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
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 places the Volvo XC40 159th for insurance affordability, with 158 models costing less to insure. The XC40 sits roughly in the middle tier, running a few dollars more per month than a Volvo XC90 and a few dollars less than a VinFast VF-8, reflecting how closely many SUV insurance rates cluster.
Across all 827 vehicles in MoneyGeek's database, the XC40 ranks 555th, putting it among the top third most expensive models to insure. That position reflects SUVs' generally higher insurance costs relative to other vehicle types. The Isuzu Amigo is the cheapest SUV to insure. 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 |
Three factors shape Volvo XC40 insurance costs:
- Average Repair or Replacement Costs: The Volvo XC40 ranks second most affordable among Volvo's seven models to maintain, with repair costs averaging $941 per year. That relatively low maintenance expense keeps premiums competitive.
- Vehicle Trim, Features and Accessories: Horsepower ranges from 187 to 248, depending on trim. Higher-performance variants command higher premiums due to elevated power output and associated repair costs.
- Driver Profile: Most XC40 drivers are 30 to 45 years old, with a median age of around 38. That mature demographic tends toward lower rates, though the vehicle's performance reputation can attract risk-taking behaviors that insurers factor into pricing. Read more about the costs of Volvo XC40s for young drivers.
Volvo XC40 Insurance Cost by State
Insurance ranges from $51 per month in Wyoming to $280 per month 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
Full coverage on a 2025 Volvo XC40 runs around $290 per month for drivers aged 35 to 55, compared to $155 per month for a 2021 model. That $135 monthly gap reflects how significantly model year affects insurance costs, with newer vehicles consistently carrying higher premiums. Teen and young adult drivers face even higher premiums across all XC40 model years.
GEICO offers the lowest minimum coverage rates across all Volvo XC40 model years. Travelers leads on full coverage.
Rates for different years of the Volvo XC40:
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
Decide costs by researching average auto insurance costs for compact SUVs. This helps with finding the cheapest car insurance companies offering competitive rates.
- 3Look for more than just low rates
Finding quality car insurance means looking beyond the quotes. Check J.D. Power satisfaction ratings, examine forum discussions about claims processing, review Better Business Bureau records and confirm AM Best financial ratings. Cheap insurance isn't always the best choice.
- 4Explore discounts you qualify for
Several car insurance discounts apply directly to Volvo XC40 owners, including 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 annual premiums.
- 5Consider alternative car insurance types
Volvo XC40 owners may benefit from usage-based insurance programs like Progressive Snapshot or Allstate Drivewise, which track driving habits and deliver premium reductions based on actual behavior. The approach works best for urban professionals with short commutes or drivers who primarily use the vehicle on weekends.
- 6Check rates every year
Pull car insurance quotes from multiple companies annually. Insurers don't notify policyholders when competitors lower prices, so yearly comparisons can save up to 24% on Volvo XC40 insurance. Market conditions change frequently, and new discounts or promotional rates regularly become available that existing customers 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
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.
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.
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.
The car's advanced safety features and repair costs for luxury parts influence pricing. Your driving record, credit score, and coverage selections also affect how much you pay.
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.
Standard Driver Profile
Volvo XC40 rates reflect a 40-year-old unmarried male driver with a clean record (no tickets or crashes), a good credit score, no prior claims, approximately 12,000 miles driven annually and a valid license with no suspensions.
Coverage Definitions
Minimum coverage reflects state-required liability limits. Full coverage includes 100/300/100 liability plus comprehensive and collision coverage with $1,000 deductibles.
About Mark Fitzpatrick
Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident expert in insurance and economics. He has spent nearly a decade covering the market, first at LendingTree and now at MoneyGeek, where he analyzes hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College before earning a master's in economics and international relations from Johns Hopkins University. Before MoneyGeek, he worked in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.