Volvo was founded in 1927, and its main headquarters are located in Gothenburg, Sweden. The company manufactures sports utility vehicles, sedans, station wagons, and compact sedans.
The largest markets for this company are located in the United States, China, Sweden and the European Union. As the company has grown, it continues to evolve the types of cars it creates.
In 2017, Volvo announced that all models launched from 2019 onward would be fully-electric or hybrid-electric.
Car Insurance for Volvos in Canada is quite high in comparison to the different car makes. There are a number of reasons for this, including:
- Volvo parts are more expensive to replace
- Sports cars commonly cost more to insure
- Volvo is a foreign manufacturer
Some of the most expensive cars to insure include sports cars, imports, and cars that are more likely of being stolen.
Those who are thinking about owning a Volvo might consider the car insurance quotes in each Canadian province, listed below.
Car Insurance for Volvos in Ontario
The following looks at the insurance quotes for new, 4-door Volvo models. The factors include age, location and year of the Volvo.
- 21-year-old living in Ontario with a 2010 Volvo: $1,843 annually, or $153/month
- 30-year-old living in Ontario with a 2010 Volvo: $1,161 annually, or $96.75/month
- 50-year-old living in Ontario with a 2010 Volvo: $849 annually, or $70/month
Average insurance rate of a driver in the province of Ontario with an older Volvo model: $1,284 annually or $107 monthly.
- 21-year-old living in Ontario with a 2018 Volvo: $2,108 annually, or $175/month
- 30-year-old living in Ontario with a 2018 Volvo: $1,184 annually, or $98/month
- 50-year-old living in Ontario with a 2018 Volvo: $1,021 annually, or $85/month
Average insurance rate of a driver living in the province of Ontario with a new Volvo model: $1,437 or $119 monthly.
Car Insurance for Volvos in Alberta
- 21-year-old living in Alberta with a 2018 Volvo: $3,076 annually, or $256/month
- 30-year-old living in Alberta with a 2018 Volvo: $1,470 annually, or $122month
- 50-year-old living in Alberta with a 2018 Volvo: $1,387 annually, or $115/month
Average insurance rate of a driver living in the province of Alberta with a new Volvo model: $1,977 annually or $164 monthly.
Car Insurance for Volvos in Quebec
- 21-year-old living in Quebec with a 2018 Volvo: $4,239 annually, or $353/month
- 30-year-old living in Quebec with a 2018 Volvo: $1,558 annually, or $129/month
- 50-year-old living in Quebec with a 2018 Volvo: $1,008 annually, or $84/month
Average insurance rate of a driver living in the province of Quebec with a new Volvo model: $2,268 annually or $189 monthly.
Car Insurance for Volvos in Manitoba
- 21-year-old living in Manitoba with a 2018 Volvo: $3,108 annually, or $259/month
- 30-year-old living in Manitoba with a 2018 Volvo: $1,440 annually, or $120/month
- 50-year-old living in Manitoba with a 2018 Volvo: $1,210 annually, or $100/month
Average insurance rate of a driver living in the province of Manitoba with a new Volvo model: $1,1919 annually or $159 monthly.
Car Insurance for Volvos in British Columbia
- 21-year-old living in B.C. with a 2018 Volvo: $4,108 annually, or $342/month
- 30-year-old living in B.C. with a 2018 Volvo: $1,410 annually, or $117/month
- 50-year-old living in B.C. with a 2018 Volvo: $1,001 annually, or $83/month
Average insurance rate of a driver living in the province of British Columbia with a new Volvo model: $2,173 annually or $181 monthly.
Car Insurance for Volvos in New Brunswick
- 21-year-old living in New Brunswick with a 2018 Volvo: $2,531 annually, or $210/month
- 30-year-old living in New Brunswick with a 2018 Volvo: $1,128 annually, or $94/month
- 50-year-old living in New Brunswick with a 2018 Volvo: $988 annually, or $82/month
Average insurance rate of a driver living in the province of New Brunswick with a new Volvo model: $1,549 annually or $129 monthly.
Car Insurance for Volvos in Prince Edward Island
- 21-year-old living in P.E.I with a 2018 Volvo: $1,176 annually, or $98/month
- 30-year-old living in P.E.I with a 2018 Volvo: $1,133 annually, or $94/month
- 50-year-old living in P.E.I with a 2018 Volvo: $1,043 annually, or $86/month
Average insurance rate of a driver living in the province of Prince Edward Island with a new Volvo model: $1,1117 annually or $93 monthly.
Car Insurance for Volvos in Nova Scotia
- 21-year-old living in Nova Scotia with a 2018 Volvo: $4,039 annually, or $336/month
- 30-year-old living in Nova Scotia with a 2018 Volvo: $1,317 annually, or $109/month
- 50-year-old living in Nova Scotia with a 2018 Volvo: $1,195 annually, or $99/month
Average insurance rate of a driver living in the province of Nova Scotia with a new Volvo model: $2,183 annually or $181 monthly.
Car Insurance for Volvos in Newfoundland
- 21-year-old living in Newfoundland with a 2018 Volvo: $2,130 annually, or $177/month
- 30-year-old living in Newfoundland with a 2018 Volvo: $1,005 annually, or $83/month
- 50-year-old living in Newfoundland with a 2018 Volvo: $995 annually, or $82/month
Average insurance rate of a driver living in the province of Newfoundland with a new Volvo model: $1,376 annually or $114 monthly.
Car Insurance for Volvos in Saskatchewan
- 21-year-old living in Saskatchewan with a 2018 Volvo: $3,470 annually, or $289/month
- 30-year-old living in Saskatchewan with a 2018 Volvo: $1,560 annually, or $130/month
- 50-year-old living in Saskatchewan with a 2018 Volvo: $1,235 annually, or $102/month
Average insurance rate of a driver living in the province of Saskatchewan with a new Volvo model: $2,088 annually or $174 monthly.
Conclusion
There are some key trends when it comes to car insurance for Volvos in Canada. Younger, more inexperienced drivers almost always pay more for their coverage.
Women tend to have lower insurance rates than men; however, the older the age, the more the prices balanced out. As with the Ontario insurance quotes, newer Volvo models cost more to cover and tend to be cheapest for middle-aged drivers.
This might be because of the inexperience of younger drivers, and the deteriorating driving skills of older motorists.
Those drivers who are thinking about getting a Volvo in their province should consider the insurance rates for this type of car and whether they’re attainable.
Keep in mind these are average numbers, and each person will pay more or less depending on their age, location, driving record, etc.
About the Author: Ashley Miller
