The Volvo V60 DRIVe on our price page has a 1,560cc engine. That puts its road tax at a moderate S$719.44 a year. Insurance starts at S$852.31 for a settled driver, though that lowest plan carries a S$2,500 excess. This guide works through each cost and what moves it.
The insurance figures are examples read on 20 October 2026 for one stated driver and car. Your own quote depends on your answers.
The car on our quote form
The new-car list has no entry for the V60 DRIVe on sale now. So there is no list price, power figure or body type here. The quote form prices the V60 DRIVe, with a 1,560cc engine. All figures below are for it.
The COE rule
The price page states that the V60 DRIVe, with its 1,560cc engine, needs a Category A COE if its power is 97kW (130bhp) or less. If its power is more, it needs a Category B COE.
The October 2026 1st round closed at S$130,001 for Category A and S$130,100 for Category B. The COE page has the latest.
On a registered car, the COE ends on a fixed date. Check it before you agree a price, since it caps how long you can use the car.
Road tax
LTA's formula gives S$719.44 a year for a 1,560cc engine, before any age surcharge.
A surcharge applies once the car is more than 10 years old:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page covers other engine sizes.
Insurance for the standard driver
The Volvo V60 DRIVe price page prices this case:
- Car: V60 DRIVe, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 to 19 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no add-ons
For that driver, 11 insurers give a price. The lowest premium is S$852.31. The insurer whose lowest plan is highest asks at least S$2,005.58. That is S$1,153.27 more, or 135% on top. All prices include 9% GST.
Five insurers on our panel have no online price. Four have none for this model yet, and one does not list the model on its online quote.
The gap is larger than the lowest premium itself. Comparing quotes is the plainest way to cut this cost.
Excess
The excess is your share of each claim. The lowest premium carries S$2,500, the only plan here that high. Six plans carry S$600, three S$500 and three S$800. One plan has none. Set the premium saving against the excess you would pay on a claim.
How the premium moves
With one detail changed and the rest held, the lowest price becomes:
- No NCD (0%): S$1,227.46, S$375.15 more
- 20% NCD: S$1,227.46, S$375.15 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,227.46, S$375.15 more
- Driver aged 65, 20 or more years' driving: S$886.61, S$34.30 more
- A new car, registered this year: S$821.82, S$30.49 less
- A car 8 years old: S$811.71, S$40.60 less
Without a full NCD, the lowest price rises 44%. A driver aged 27 with 30% NCD lands on the same figure. A driver aged 65 pays a little more, by S$34.30, with one fewer insurer quoting.
Both a new car and an 8-year-old one start below the 3-year-old car on the page.
These are lowest prices only. Other plans may move by other amounts, so check the plan you would actually choose.
Who pays more, and who pays less
- Pays less: a settled driver with a full NCD, especially in a newer or older car than the page's 3-year-old one.
- Pays a little more: a driver aged 65.
- Pays a lot more: a driver with no NCD or a 20% NCD, or a younger driver.
If a younger family member will drive, price that case before you commit.
Against similar cars
For the same driver and car age, the price page lists:
- Mazda 3: S$927.36
- BMW X1: S$811.71
- Mercedes-Benz GLB: S$787.96
- Toyota Corolla Altis: S$642.42
- Honda Freed: S$642.42
- Toyota Sienta: S$604.07
Their average lowest price is S$735.99. The V60 DRIVe is 16% above it. Five of the six cost less to insure. Only the Mazda 3 costs more. More Volvos are on the Volvo car insurance page.
Costs that depend on you
- Parking: season parking at your HDB block or condo, plus parking at work and when out.
- Fuel: your mileage and the pump price.
- ERP: your routes and the times you drive them.
- Servicing: the maker's schedule, plus tyres, brakes and a battery over the years. Ask for the service record.
- Depreciation: what you pay against what the car fetches later in its COE life.
Summary of yearly costs we can show
For the V60 DRIVe (1,560cc):
- Road tax: S$719.44 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$852.31 a year, with a S$2,500 excess on that plan (20 October 2026)
- Insurance, no NCD: from S$1,227.46
- Insurance, a car 8 years old: from S$811.71
For reference, Category A closed at S$130,001 and Category B at S$130,100 in the October 2026 1st round.
Before you buy: car insurance for the Volvo V60 DRIVe
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Volvo V60 DRIVe to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.