A simples guide

So you’re thinking of buying and insuring a Volvo?

Think Volvo and what comes to mind? Some extremely safe crash test dummies? Perhaps you think of a state of the art motor, with style in abundance?

 

If you’re thinking of buying and insuring a Volvo, you’ll have your own image in mind and your own reasons for buying.

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Who are Volvo?

 

Seems a strange question but do you really know? The Swedish owned brand actually don’t just sell cars anymore. These days their brand includes busses, trucks, boat engines and construction vehicles.

Volvo Cars is now owned by Chinese car maker Zhejiang Geely who brought the company from Ford in 2010. Since then they’ve overseen an increase in sales, and sold 34,551  cars globally in February alone.

They have certainly come a long way since the first car rolled off the production line in 1927.  

 

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An early Volvo production 

They’ve also been responsible for developments that we now take for granted. The three point seat belt was designed by Volvo back in 1959. They’re also responsible for a clever little probe, now fitted to just about every petrol car in the world that helped cut emissions by 90%.

Innovation is still at the heart of the company. They’ve introduced intelligent safety features such as ‘birds eye view’ parking cameras making maneuvering simpler and lane keeping aids to stop you drifting out of position. They recently reported that they intend to release the first keyless car in 2017. You’ll simply use your phone to unlock your car instead. 

How much is insuring a Volvo costing at the moment?

You’ll appreciate that the cost of insuring your Volvo is, much like other brands, dependent on the model and age. 

Our team have found that the S40 model is the most popular when it comes to insurance quote, accounting for over 14% of price enquiries. Those quotes vary quite a bit depending on the model. That’s because some standard models are classed in insurance group 7, while the 2.5 litre S40 Sport T5 is in group 34. More on these later…

What we can say is that the average price for quoted for a Volvo S40 in February 2016 was £497.41.

The cheapest quotes for Volvo insurance were found for the classic V70 estate model at £ 322.42 which attracted 12% of quotes.

At the other end of the spectrum, the flagship S60 was the most expensive with an average quote of £ 566.18, attracting 9% of quotes.

(Watch out:  our averages are based on all our customer quotes, from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your personal circumstances)

 

Who’s quoting the best prices?

Well naturally, the best price for you will depend on your circumstances. That’ll mean the type of car, your age, your driving record, and so on. You get the picture.

The days of the old box shaped Volvo may be over, but its reputation for safety remains. It’s just that safety looks a bit prettier these days.

To find out what you can save, compare here today 

All price data is from comparethemarket.com in February 2016

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