Volvo XC60 Recharge hybrid running costs & insurance

With the plug-in hybrid SUV capable of returning well over 200mpg, the XC60 Recharge has the potential to cut your running costs significantly – although it's pricey to buy and insure

Overall rating

4.5 out of 5

Running costs & insurance rating

4.0 out of 5

Fuel Type:
Hybrid Petrol
Insurance groupWarrantyService intervalsAnnual company-car cost (20%/40%)
40-423yrs / 60,000 miles1yr / 18,000 milesFrom £896 / £1,791

The Volvo XC60 Recharge is on the pricey side, with the entry-level version starting from over £56,000. 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 September 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. Another benefit of the plug-in setup is that CO2 emissions of 23/24g/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.

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 £145 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 £335 surcharge per year for the next five years, too, so it’ll cost £480 to tax in years two to five.

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