Volvo XC60 Recharge hybrid running costs & insurance
With a bigger battery and faster charging, living with an XC60 Recharge has never been easier – or more affordable
| Insurance group | Warranty | Service intervals | Annual company-car cost (20%/40%) |
|---|---|---|---|
| 40-41 | 3yrs/60,000 miles | 1yr/18,000 miles | From £968/£1,936 |
With prices from over £60,000, the Volvo XC60 Recharge is on the pricey side. But it's no different to any other premium plug-in hybrid SUV in that regard. The XC60's fuel economy is the main reason it's so cheap to run, and in 2021, Volvo increased the size of the battery in its plug-in hybrid models to 18.8kWh, so they can now travel further on electric power alone. Further to that, all models can now charge faster, cutting top-up times from five hours to three, allowing owners to maximise the amount of miles they can cover purely on electricity.
Another benefit of the plug-in setup is that CO2 emissions of 23-25g/km mean the plug-in hybrid XC60 attracts a far lower Benefit-in-Kind (BiK) company-car tax rate than its diesel rivals.
Volvo XC60 Recharge hybrid insurance group
Insurance group ratings vary depending on the trim level you go for, but taking our pick of the line-up again, the XC60 will cost about the same to insure as a regular petrol or diesel XC60 model in the same specification. Saying that, if you can afford to stump up the initial list price or monthly payments, there’s little penalty to pay – insurance-wise, at least – going for a top-spec XC60 T8 Ultimate; these versions are only one insurance group higher (41 vs 40) than the cheapest T6 Core.
Warranty
As well as the eight-year battery warranty, all XC60s get a three-year/60,000-mile warranty covering the rest of the car, plus three years of free roadside assistance, covering you in the UK and Europe. It's a good package overall, but not especially different to what you get with most rivals.
Servicing
Volvo offers servicing packages for the XC60 that you can tailor to your needs. This means you can choose the length of the package, while it’ll also depend on how many miles you do a year.
Road tax
'Alternative-fuel vehicles' such as this Volvo have a £155 VED (road tax) bill after their first year on the road, but as the XC60 also costs more than £40,000 to buy, you’ll have to pay a £355 surcharge per year for the next five years, too, so the Volvo XC60 Recharge plug-in hybrid will cost £510 to tax in years two to six.