Volvo S40 Insurance Rates

If you ever wondered, “Are Volvos cheap to insure?” or “Are Volvos expensive to insure?” you should first consider the model you are driving. This article is focused on Volvo S40 insurance rates.

Drivers who belong in the Volvo S40 insurance group spend an average of $1,210 a year for comprehensive and collision coverage. There are several factors that determine rates, such as the different Volvo S40 trim levels.

In order to help you on your way to securing a policy that meets your needs and budget, we have prepared this detailed article to discuss Volvo S40 insurance cost. You can even start comparing Volvo S40 quotes right now by taking advantage of our free online tool.

The average insurance rates for a Volvo S40 are $954 a year for full coverage insurance. Comprehensive insurance costs approximately $156 each year, collision insurance costs $188, and liability costs around $452. A liability-only policy costs as low as $504 a year, and high-risk insurance costs $2,044 or more. Teen drivers cost the most to insure at up to $3,858 a year.

Average premium for full coverage: $954

Policy rates by type of insurance:

Prices include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Prices are averaged for all 50 states and S40 models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on the price of auto insurance. Rural locations are shown to have a lower frequency of physical damage claims than larger metro areas. The graphic below illustrates how your location can change auto insurance prices.

The examples above illustrate why all drivers should compare prices using their specific location and risk profile, instead of using price averages.

Use the form below to get customized rates for your location.

More Rate Details

The chart below illustrates average Volvo S40 insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $585
• Using higher $1,000 deductibles will save $78 each year
• The average rate for a good driver age 40 who chooses $500 deductibles is $954
• Choosing low deductibles for physical damage coverage will cost an extra $150 every year
• Drivers with multiple violations and an at-fault accident could pay around $2,044
• Policy cost for full coverage for a teen driver can cost $3,858 or more

View Chart as Image

Car insurance rates for a Volvo S40 also range considerably based on your risk profile, the model year and trim level, and physical damage deductibles and liability limits.

More mature drivers with no driving violations and high deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged in the ballpark of $3,800 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see rates as low as $630 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,290 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles could cut rates by as much as $230 every year, whereas increasing liability limits will push rates upward. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $407 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying anywhere from $1,100 to $1,600 extra every year, depending on your age. Insurance for high-risk drivers can be as much as 41% to 129% more than average. View High Risk Driver Rates

Insurance Rates by Trim Level and Model Year

Rates assume 2006 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find the Right Volvo S40 Insurance

Finding cheaper rates on car insurance requires having a decent driving record, having above-average credit, being claim-free, and attention to physical damage deductibles. Invest the time to shop around every year by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following items are a quick rundown of the coverage data illustrated above.

• It is possible to save around $110 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $225 each year
• 16 to 18-year-old drivers pay the highest auto insurance rates, possibly costing $322 each month if full coverage is included
• Higher risk drivers with reckless driving or DUI convictions may pay on average $1,090 more per year than a driver with a clean driving record

To this point, it’s clear that insurance companies consider a wide assortment of factors when quoting potential policyholders. You can start to discover affordable Volvo S40 car insurance rates right now by using our complimentary quote comparison tool below.

What are the safety ratings of the Volvo S40?

The safety ratings of the Volvo S40 are important to know because positive scores translate to better insurance rates. 

Take a look at the Volvo S40’s safety ratings as determined by the Insurance Insitute for Highway Safety.

• Small overlap front (driver-side): N/R
• Small overlap front (passenger-side): N/R
• Moderate overlap front: Good
• Side: Acceptable
• Roof strength: Acceptable
• Head restraints and seats: Good

These scores indicate that the Volvo S40 received high marks in most parts of the vehicle that were tested. However, the sides and roof of the vehicle have some room for improvement.

Volvo S40 Compared Against Other Vehicles in the Same Class

Classified as a midsize sedan, the Volvo S40 has plenty of competition for its vehicle segment. Take a look at the following comparable models:

• Ford Fusion
• Honda Accord
• Subaru Legacy

When it comes down to the figures, the IIHS reports that the Volvo S40 has a property damage loss percentage of -1 percent. Although this is only one component of liability insurance, it’s a good indicator that insurance rates will be average for the Volvo S40.

We have uncovered a lot of information about Volvo S40 car insurance, so is there anything we might’ve missed? If not, start comparing Volvo S40 insurance quotes from multiple companies by using our free online quote tool.