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. The Volvo brand is known for one quality that’s correlated with better car insurance premiums: safety.
Volvo’s reputation for safety isn’t just marketing spin. Independent safety agencies, such as the Insurance Institute for Highway Safety in the United States (IIHS), the National Highway Traffic Safety Administration (NHTSA), and the European New Car Assessment Programme (NCAP), regularly award Volvo models very high safety ratings.
While you might think that Volvo’s reputation automatically means that automobile 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.
We’ll go over many of the things that can impact automobile insurance rates, as well as the different kinds of insurance you can get when buying a Volvo.