Best Volvo 240 Auto Insurance Rates 2021

Auto insurance for the Volvo 240 will vary a lot, because it's based on personal factors like your driving habits, where you live, and how much you drive. The Volvo 240 has numerous safety features that can help reduce car insurance rates. To find the best deal on Volvo 240 auto insurance, it's best to compare multiple companies.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Dec 17, 2021

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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Things to Remember

  • Safety features of the Volvo 240 can earn you a car insurance discount
  • Crash test ratings have an impact on Volvo 240 auto insurance rates
  • The cost of insurance for a Volvo 240 depends on the trim level

Buying a new car is both fun and a lot of work. If the Volvo 240 is on your list (or if you’ve already made your choice) you need all of the information before you move forward. We’ve gathered what you need to know when you buy a Volvo 240 right here.

Take a look at what you can expect in terms of insurance rates for the Volvo 240 and compare it to other similar vehicles. Then find out how the Volvo 240 stacks up in terms of safety ratings and features, as well as what it costs to buy a Volvo 240 right here.

If you need insurance for a Volvo 240 right now, we can help. Enter your ZIP code for free Volvo 240 car insurance quotes from top companies.

Are vehicles like the Volvo 240 expensive to insure?

Take a look at how insurance rates for similar models to the Volvo 240 look. These insurance rates for other sedans like the Toyota Prius Prime, Mercury Marauder, and BMW M5 give you a good idea of what to expect.

Insurance Rates for Vehicles Similar to the Volvo 240

Vehicle Comprehensive Collision Liability Total
Jaguar XJ $430 $872 $416 $1,876
Lexus GS 300 $344 $656 $338 $1,474
Mazda 3 $308 $562 $372 $1,400
Lexus IS 300 $356 $686 $398 $1,598
Audi S6 $444 $894 $398 $1,894
Volvo S80 $332 $668 $430 $1,588
Audi S8 $658 $1,368 $398 $2,582
Audi S7 $532 $1,250 $398 $2,338

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What impacts the cost of Volvo 240 insurance?

The average annual rate for the Volvo 240 is just that, an average. Your insurance rates for a Volvo 240 can be higher or lower depending upon the trim level and personal factors. Those factors include your age, home address, driving history, and the model year of your Volvo 240.

Ways to Save on Volvo 240 Insurance

There are several ways you can save even more on your Volvo 240 car insurance rates. Take a look at the following five tips:

  • Save money on young driver Volvo 240 insurance with a good student discount
  • Take a defensive driving course or any driver’s education course
  • Don’t skimp on Volvo 240 liability coverage
  • Avoid the temptation to file a claim for minor incidents
  • Get a plan with only liability coverage if you’re driving an older Volvo 240

Top Volvo 240 Insurance Companies

What is the best auto insurance company for Volvo 240 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Volvo 240 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the Volvo 240.

Largest Auto Insurers by Market Share

Rank Company Volume Market Share
1 State Farm $66,153,063 9.1%
2 GEICO $46,358,896 6.4%
3 Progressive $41,737,283 5.7%
4 Allstate $39,210,020 5.4%
5 Liberty Mutual $36,172,570 5.0%
6 Travelers $28,786,741 4.0%
7 USAA $24,621,246 3.4%
8 Chubb $24,199,582 3.3%
9 Farmers $20,083,339 2.8%
10 Nationwide $18,499,967 2.5%

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Comparing Free Volvo 240 Insurance Quotes Online

You can compare quotes for Volvo 240 auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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