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Volvo XC40 is an expensive crossover SUV  with a powerful 1969 cc petrol engine. It is a super safe car with a 5-star safety rating awarded by ANCAP. Despite its high safety standards, there is still a possibility of an accident, or a fire incident, or a calamity. Volvo XC40 car insurance provides financial security to meet any unforeseen situation which may result in need for repair or other exigencies. The insurance is a foolproof blanket against a wide range of events involving huge financial losses. Volvo XC40 car insurance comes in two plans. The Third Party plan offers limited features while the comprehensive insurance plan is efficient and highly recommended.

Volvo XC40 Car Insurance Price with Variants

The Volvo XC40 is offered in a single variant known as T4 R-Design. Let’s take a closer look at this XC40 variant and XC40 insurance price:

Volvo XC40 Variants

Ex-showroom price*

Fuel Type

Estimated Third-party Premium**

T4 R-Design

₹ 43,25,000


Rs. 7890

*The ex-showroom prices are for Delhi and are subject to change on the basis of the city.


**Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your car insurance policy.

Buy Volvo XC40 Car Insurance in Just a Few Minutes!

Buying Volvo XC40 car insurance online on Bajaj Markets is a quick 5-step process. Here is all you need to do: 


  • Enter your mobile number and your Volvo XC40 registration number.

  • Fill in all the necessary details about your XC40.

  • Pick an XC40 car insurance plan.

  • Pay the XC40 car insurance premium online.

  • Upon successful payment, your Volvo XC40 car insurance policy will be sent to your registered email address.

Renew Your Volvo XC40 Car Insurance in a Jiffy!

Renew your Volvo XC40 Insurance to continue reaping the benefits. Here are the 5-steps to renew your car insurance online on Bajaj Markets:


  • Visit the ‘Car Insurance Renewal’ page on Bajaj Markets.

  • Enter your contact details and the registration number of your XC40. 

  • Check the XC40 car insurance renewal premium.

  • Pay the renewal premium online.

  • Download a copy of your Volvo XC40 car insurance policy.

Why Insure Your Volvo XC40?

Being a Volvo, the XC40 has a number of key safety features that makes it stand apart. However, in the event of an unfortunate event like accidents or natural calamities, your SUV may suffer some serious damages and the replacement of these damaged parts with genuine Volvo spare parts can cost you up to ₹1 Lakh-₹2 Lakh, or even more. These expenses can easily burn a hole in your savings. This is where Volvo XC40 car insurance can help you. Your XC40 car insurance plan will cover these repair/replacement costs and ensure that your savings are not hampered. Moreover, as per the Motor Vehicles Act, 1988, it is mandatory to have third-party car insurance for your vehicle to drive on Indian roads.

Which Volvo XC40 Car Insurance Should You Get?

There are two types of car insurance plans you can choose from for your Volvo XC40:

1. Third-Party Car Insurance

As mentioned above, third-party car insurance is mandatory as per law. However, such plans only cover your third-party financial liabilities incurred due to your insured XC40. The third-party car insurance coverage is not extended to you or your XC40. 

2. Comprehensive Car Insurance

A comprehensive car insurance plan covers both third-party liabilities as well as damages caused to your XC40. The XC40 comprehensive car insurance premium is marginally higher than that of third-party insurance since it offers an extensive cover for your car. 

What is Covered in Your Volvo XC40 Insurance Policy?

A third-party car insurance policy will only cover death/injuries or damages caused to a third party by your insured Volvo XC40. Whereas a comprehensive car insurance policy includes third-party liabilities as well as damages caused to your insured Volvo XC40 due to natural/man-made calamities, theft, accidents, etc.

What is Not Covered in Your Volvo XC40 Insurance Policy?

Certain expenses that are excluded from car insurance plans available on Bajaj Markets are damages caused due to overspeeding, driving under the influence of intoxicants, damage or loss incurred outside the designated geographical area mentioned in the policy, etc.

Enhance Your Volvo XC40 Car Insurance with Add-on Covers

Here are some add-on covers you can combine with your comprehensive XC40 car insurance plan: 

  • Lock and Key Replacement Cover

This add-on covers the recovery/replacement of your car keys in case they are lost or left inside the car.

  • Consumables Cover

Provides cover for the repair or replacement cost of consumables after an accident. These include engine oil, brake oil, engine oil, coolant, etc.

  • Engine Protector

Covers the expenses for engine damage repairs arising due to water seepage, lubricating oil leakage, etc.

  • Accessories Cover

Provides coverage for damages incurred to your XC40’s accessories in the event of any unfortunate mishap.

  • Personal Accident Cover

This covers the expenses arising out of accidental death, bodily injuries, or permanent disabilities caused to the driver of your insured XC40.

What Should You Know Before Filing a Claim for Your Volvo XC40 Insurance?

You must know two things before you file a claim for your XC40 car insurance- the documents required and ways to claim your car insurance. Let’s start with the documents you will require when you file a car insurance claim:


  • Duly filled XC40 insurance claim form

  • Copy of your Volvo car insurance policy

  • Copy of your XC40 registration certificate (RC)

  • Driver’s licence copy

  • FIR copy

  • Original bills of XC40 repair expenses


Now, let's know how you can file a claim for your XC40 car insurance.


There are two ways to do this:

1. Cashless Claim

With a cashless claim facility, you can get your XC40 repaired at any network garage mentioned in your policy. The insurance provider will then settle the repair expenses directly with the garage.

2. Reimbursement Claim

With a Reimbursement Claim, you have the liberty to get your XC40 repaired at any garage of your choice and bear all the expenses. You can then file a reimbursement claim for these expenses against your XC40 car insurance policy. The insurance provider will assess your claim and transfer the settlement amount to your bank account.

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Tips to Reduce Volvo XC40 Insurance Premium

Here are some easy tips you can use to reduce the XC40 car insurance premium:

  • Maintain your Volvo XC40

Remember to get your XC40 serviced as per the recommended service schedule and maintain your car in good shape. Cars that are in a good condition attract lower car insurance premiums.

  • Install Anti-Theft Devices in Your SUV

You can get a lower car insurance premium by installing ARAI approved anti-theft devices in your XC40.

  • Use No Claim Bonus Reward

Use your No Claim Bonus (NCB) reward to get a cost-effective car insurance renewal premium. You can earn these NCB rewards by not filing any claims on your XC40 car insurance policy throughout the policy tenor.

  • Avoid Claims for Small Sums

Avoid claiming inexpensive XC40 repair expenses from your car insurance to secure your NCB reward.

  • Compare Car Insurance Premium Quotes

Never forget to compare the car insurance premiums offered by different insurance companies before you buy a car insurance policy for your Volvo XC40.

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Tips and Tricks to Maintain Your Volvo XC40

  • Check Tyres 

Inspect the car tyres from time to time for any damage, cuts, etc.

  • Keep a Tab on Tyre Pressure

Always drive your XC40 with the right air pressure in the tyres.

  • Check Battery

Always ensure that the car battery is dry and clean. Regularly inspect the battery for any cable corrosion. 

  • Drive Responsibly

Always drive your XC40 responsibly at the right speed and avoid any unnecessary high acceleration.

  • Clean Your XC40 Regularly

You must clean your SUV regularly, especially after it is exposed to dirt, rain or salt.

About Volvo XC40

The Volvo XC40 is based on the versatile CMA (Compact Modular Architecture) platform co-developed by Chinese car manufacturer Geely and Volvo. The XC40 is distinctly a Volvo with its signature Thor Hammer headlamps with a horizontally louvred grille. The car gets some quality car upgrades including a new cabin and key safety features. Volvo offers the XC40 in 5 colour variants.

Volvo XC40 Specifications

The XC40 gets a 2 -litre D4 engine. The car gets an AWD system as standard. This makes the XC40 a capable mile cruncher on the highway and will manoeuvre quick overtakes with ease. The table below highlights key specifications of the Volvo XC40:

Top Speed

180 km/h

Engine Displacement

1969 cc

Transmission Type


Max Power



Volvo XC40 Specs

Max Torque

300 Nm

Seating Capacity


Fuel Type


Fuel Tank Capacity

54 litres

Boot Space

460 litres

No. of Cylinder


Ground Clearance (unladen)

211 mm

*The actual specifications may vary depending on the Volvo XC40 variant.

Volvo XC40 On-Road Prices Across Major Cities

The Volvo XC40 price constitutes the ex-showroom price, RTO registration, road tax and insurance amount. If you are planning to purchase the Volvo XC40, the on-road price in your city will differ from other cities and metros in India. To know about the on-road price in major cities and metros around the country, read the list below:



Volvo XC40 On-Road Price


?52.58 Lakh

New Delhi

?49.95 Lakh


?54.27 Lakh


?48.22 Lakh


?52.13 Lakh


?51.25 Lakh

* The actual on-road prices for different Volvo XC40 variants are subject to change and can vary

Volvo XC40 Features

The XC40 has been designed specifically keeping young millennials in mind. In the front, the car gets a 9” infotainment system and a host of other safety features that it brings over from its more premium models. Listed below are some of the key features of the Volvo XC40:


  • Power Steering

  • Driver and Passenger Airbags

  • Air Conditioner

  • 4WD

  • Anti-Lock Braking System (ABS)

  • Alloy Wheels

  • Power Windows


Note: The actual features may vary depending on the Volvo XC40 variant.

What’s the Verdict?

The XC40 is Volvo’s iteration of the smallest SUV in India. If you are looking for an SUV at an attractive price range, then the XC40 is the best-equipped crossover in its segment. Once you have made up your mind about the specific car of your choice, don't forget to buy car insurance and safeguard yourself and your co-passengers from any mishap while driving on roads. You can choose a motor insurance policy that has some of the best car insurance benefits in the market today.

Check Out Car Insurance Partners Available at Bajaj Markets

FAQs on Volvo XC40

What is the Volvo XC40 price in New Delhi?

 In New Delhi, the Volvo XC40 Price is ₹49.95 Lakh. The XC40 price includes the ex-showroom price, RTO registration, road tax and insurance amount.

Do I need premium fuel to drive the Volvo XC40?

 Volvo recommends 91-octane fuel for the best engine performance. However, the T4 engine in the Volvo XC40 can run on 87-octane fuel without affecting its reliability.

What are the Volvo XC40 safety features?

 The Volvo XC40 offers a suite of advanced safety features including:

  • Road Sign Information

  • Lane Keeping Aid

  • Volvo City Safety

  • Automatic high beam

Does the Volvo XC40 have all-wheel drive?

 No, the XC40 is equipped with a T4 engine with front-wheel drive.

What is the tyre size of the Volvo XC40?

 Volvo XC40 has a tyre size of 235/55 R18.

Will the IDV of my Volvo XC40 be impacted by the location of purchase?

 Yes, the Insured Declared Value (IDV) of the Volvo XC40 will be impacted based on the ex-showroom price of the car, which differs as per the location.

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