Compare the Cost of Volvo XC40 Recharge Insurance by Model Year and Company

The average insurance cost for a Volvo XC40 Recharge is $1,886 annually. This is more expensive than the average cost of car insurance in the nation, making it an expensive vehicle to insure. However, rates can vary based on the insurer you chose and your Volvo XC40’s year of manufacture.

Compare Auto Insurance Rates

Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin
Last Updated: 5/18/2022
Advertising & Editorial Disclosure
By     |  

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.

Key Takeaways for Volvo XC40 Recharge Insurance

car2

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.

find

The car insurance cost for your Volvo XC40 Recharge can change by up to $1,597 per year depending on the insurer you choose.

coins

Your car’s year can impact your insurance cost, with an older Volvo XC40 Recharge getting lower rates.

How Much It Costs to Insure a Volvo XC40 Recharge and the Cheapest Company

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.

The Average Annual Cost of Volvo XC40 Recharge Insurance by Company

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.

The Average Cost to Insure a Volvo XC40 Recharge by Company

Scroll for more

swipe icon
Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin

Is a Volvo XC40 Recharge Expensive to Insure?

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.

The Best Car Insurance Company for a Volvo XC40 Recharge

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.


1
USAA
Score:91.9

4.4/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
Progressive
Score:89.5

5/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

3
State Farm
Score:84.1

4.4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
Nationwide
Score:82.1

4.2/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

5
GEICO
Score:81.2

4.2/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

6
Allied
Score:NaN

3.2/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

7
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Volvo XC40 Recharge by Model Year

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.

The Average Cost to Insure a Volvo XC40 Recharge by Model Year

Scroll for more

swipe icon

How Expensive Is It to Insure a Volvo XC40 Recharge Compared to Other Cars?

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.

How Much It Costs to Insure a Volvo XC40 Recharge for 16- to 25-Year-Olds

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.

The Average Cost to Insure a Volvo XC40 Recharge by Driver Age

Scroll for more

swipe icon
  • Age
    Average Annual Rates
  • 16
    $7,891
  • 17
    $6,991
  • 18
    $6,155
  • 19
    $4,409
  • 20
    $3,935
  • 21
    $3,115
  • 22
    $2,869
  • 23
    $2,626
  • 24
    $2,464
  • 25
    $2,236
  • 40
    $1,886

How Does Location Affect the Cost of Volvo XC40 Recharge Insurance?

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.

FAQs About Volvo XC40 Recharge Insurance

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.

Read More About Car Insurance

Methodology

MoneyGeek collected thousands of rates from different car insurance companies for the Volvo XC40 Recharge. The information is collected and presented based on a sample drive profile with a full insurance coverage consisting of:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

The rates given above are for reference and may not match your exact rates.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.