When insuring your Volvo XC40 Recharge, it is best to compare multiple insurers so that you can find the most affordable car insurance. The Volvo XC40 Recharge insurance cost partially depends on the driver’s profile and the model year. Different insurers may charge different rates for each model year, so shopping around can save you money.
Insurance for a Volvo XC40 Recharge will cost you an average of $1,886 per year. This is $459 more than the cost across all car models.
The car insurance cost for your Volvo XC40 Recharge can change by up to $1,597 per year depending on the insurer you choose.
Your car’s year can impact your insurance cost, with an older Volvo XC40 Recharge getting lower rates.
Your choice of car insurer impacts the cost of your insurance for a Volvo XC40 Recharge. The average annual cost of Volvo XC40 Recharge insurance is $1,886.
While the cheapest car insurance for your Volvo XC40 Recharge is provided by Progressive at roughly $1,165 per year, the most expensive provider is Allstate at around $2,762 per year. This is a difference of $1,597 annually.
MoneyGeek gathered data and information using a sample driver profile of a 40-year-old male. The sample driver has 100/300/100 liability insurance with comprehensive and collision coverage.
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Insurance companies evaluate multiple factors to determine the insurance cost for a specific model. Factors considered include theft rates, horsepower, the vehicle’s value and more.
The Volvo XC40 Recharge is an electric vehicle with high horsepower, making it expensive to insure. This is because electric cars cost more to repair, and cars with higher horsepower are more likely to get into serious accidents.
While it is important to consider the cost of insurance for your Volvo XC40 Recharge when shopping for a policy, there are other factors you should evaluate as well.
It is important to also look at an insurer’s financial stability, customer satisfaction, affordability and more. Based on these factors, MoneyGeek found that the best car insurance company for a Volvo XC40 Recharge is Progressive.
The cost of insurance decreases as your car gets older. This is because your car depreciates in value over time, causing collision and comprehensive insurance costs to go down as well.
Older versions of a vehicle tend to be cheaper to insure than the newer versions. However, the Volvo XC40 Recharge is a new car on the market. The average cost for insuring your 2021 Volvo XC40 Recharge is $1,886.
However, your insurance cost will vary as per the choice of the insurance company. Progressive is the cheapest insurer for a Volvo XC40 Recharge and costs $1,165 per year on average.
Select your Volvo XC40 Recharge year below to see how rates compare since the cheapest insurer can change based on the year.
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Insuring your Volvo XC40 Recharge is expensive. The average cost of insurance is $1,886 annually, which is $459 more than the average cost of car insurance across the United States.
It is typically more expensive for younger drivers to purchase car insurance than older drivers since young drivers are more inexperienced and riskier to insure.
The average cost of insuring a Volvo XC40 Recharge for an 18-year-old driver is $6,155 per year, while the same insurance will cost around $4,269 less annually for a 40-year-old.
It is wise for young drivers to stay on their parent’s policy to save money since purchasing their own policy can be pricey.
You can find the cost of insurance for 16- to 25-year-old drivers below.
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While the Volvo XC40 Recharge insurance quotes discussed on this page are based on the national average, the premiums can actually differ from one state to another. Our state page analysis can provide more insights into the cost of insurance in each state.
While the model of your car impacts your insurance premiums, there are other factors that are considered by insurers as well. Here are some frequently asked questions about insuring a Volvo XC40 Recharge.
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