Volvo XC40 Insurance: by Model Year & Company
Volvo XC40 insurance costs an average of $977 for a 6-month full coverage policy. Progressive offers the cheapest rate for the latest Volvo XC40 at $124/mo or $744 for a 6-month full coverage policy.
- Shopping around? Use our calculator to compare average insurance rates by vehicle.
- Know your vehicle? Get a personalized quote by entering your zip code.
What to know about insuring a Volvo XC40:
- The XC40 costs less to insure than most SUVs. Averaging $163/mo for the XC40 versus $184/mo for typical SUVs.
- If you're considering a vehicle similar to the XC40, like the Volvo XC40 Recharge ($212/mo), Volvo C70 ($137/mo), or Volvo S40 ($134/mo), your insurance costs will be about the same.
- Progressive ($110/mo), American Family ($136/mo), Nationwide ($140/mo) offer the cheapest full coverage rates.
The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.
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Cheapest Companies
2025 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,488 |
| Nationwide |
$1,533 |
| USAA |
$1,909 |
| American Family |
$1,927 |
| Erie |
$1,940 |
| State Farm |
$2,161 |
| GEICO |
$2,220 |
| Farmers |
$3,327 |
| Allstate |
$3,422 |
Compare all 2025 Volvo XC40 insurance rates.
Average Cost to Insure Per Year
$2,2042024 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,480 |
| Nationwide |
$1,562 |
| American Family |
$1,826 |
| Erie |
$1,871 |
| USAA |
$1,900 |
| State Farm |
$2,090 |
| GEICO |
$2,142 |
| Farmers |
$3,177 |
| Allstate |
$3,228 |
Compare all 2024 Volvo XC40 insurance rates.
Average Cost to Insure Per Year
$2,1392023 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,304 |
| American Family |
$1,424 |
| Erie |
$1,653 |
| Nationwide |
$1,751 |
| State Farm |
$1,875 |
| USAA |
$1,908 |
| GEICO |
$1,913 |
| Allstate |
$2,757 |
| Farmers |
$2,777 |
Compare all 2023 Volvo XC40 insurance rates.
Average Cost to Insure Per Year
$1,9572022 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,277 |
| American Family |
$1,650 |
| Erie |
$1,706 |
| Nationwide |
$1,763 |
| USAA |
$1,798 |
| GEICO |
$1,859 |
| State Farm |
$1,885 |
| Farmers |
$2,624 |
| Allstate |
$2,825 |
Compare all 2022 Volvo XC40 insurance rates.
Average Cost to Insure Per Year
$1,9362021 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,243 |
| American Family |
$1,583 |
| Nationwide |
$1,649 |
| Erie |
$1,650 |
| USAA |
$1,701 |
| GEICO |
$1,777 |
| State Farm |
$1,864 |
| Farmers |
$2,513 |
| Allstate |
$2,845 |
Compare all 2021 Volvo XC40 insurance rates.
Average Cost to Insure Per Year
$1,8752020 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,210 |
| American Family |
$1,533 |
| USAA |
$1,563 |
| Erie |
$1,604 |
| GEICO |
$1,733 |
| Nationwide |
$1,769 |
| State Farm |
$1,907 |
| Farmers |
$2,379 |
| Allstate |
$2,732 |
Compare all 2020 Volvo XC40 insurance rates.
Average Cost to Insure Per Year
$1,8352019 Volvo XC40
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$1,199 |
| American Family |
$1,496 |
| USAA |
$1,497 |
| Erie |
$1,567 |
| GEICO |
$1,663 |
| Nationwide |
$1,720 |
| State Farm |
$1,839 |
| Farmers |
$2,286 |
| Allstate |
$2,613 |