One of the most important factors to consider when shopping for a new car is how much you’ll pay for insurance. If you happen to be eyeing a Volvo, you’re in luck: safety features and safety ratings are two qualities that are correlated with lower car insurance premiums.
Like IKEA, H&M and Spotify, Volvo hails from Sweden. Since its founding in 1927, the brand has built its reputation on well-made, practical and safe vehicles—even before government-mandated safety regulations became law. In particular, Volvo is known for engineering safety features that are now universal in most cars, such as three-point seatbelts, crumple zones, rear-facing child seats, collapsible steering columns and side collision protection.
While you might think that Volvo’s reputation automatically means auto insurance for a Volvo is cheaper than for other kinds of cars, it’s not that simple. There are a number of other factors that come into play when determining Volvo insurance rates. Luckily, you can compare multiple quotes for Volvos on LowestRates.ca in just three minutes. Still need more information? Here’s a look at what it might cost you to insure your new or used Volvo.