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.

Estimated auto insurance rates for a Volvo S40 are $908 annually for full coverage insurance. Comprehensive costs an estimated $138, collision costs $170, and liability coverage is $442. A policy with only liability insurance costs around $496 a year, with a high-risk policy costing around $1,950. 16-year-old drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates broken down by type of coverage:

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 states and for all S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on the price of insurance. More rural locations are statistically proven to have fewer physical damage claims than congested cities.

The example below illustrates how location helps determine insurance prices.

These rate differences illustrate why everyone should compare rates quotes for a targeted area and their own personal driving habits, rather than using rate averages.

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

Additional Rate Analysis

The chart below illustrates estimated Volvo S40 insurance rates for other coverage scenarios.

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save approximately $72 each year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $908
• Buying pricier low deductibles will cost $1,040
• Unlucky drivers with multiple tickets or accidents could pay up to $1,950 or more
• An auto insurance policy with full coverage for a teenage driver for full coverage can cost as much as $3,718

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Car insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your risk profile, and liability limits and deductibles.

A more mature driver with no driving violations and high physical damage deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged at least $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying $1,100 to $1,500 extra annually, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost around 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can reduce prices by up to $210 a year, whereas buying more liability protection will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

With such a large range in prices, the only way to figure out which insurance company is cheapest is to regularly compare prices and see how they stack up. Every auto insurance company utilizes a different rate formula, so rate quotes will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

Rates assume 2004 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 Buy the Best Volvo S40 Insurance

Finding better rates on auto insurance consists of being a good driver, having a good credit score, paying for small claims out-of-pocket, and not having any coverage lapses. Invest time comparing rates at least every other year by getting rate quotes from direct insurance companies, and also from your local independent and exclusive agents.

The following list is a brief recap of the car insurance concepts covered in the charts and tables above.

• Drivers who tend to receive serious violations may pay on average $1,040 more annually than a safer driver
• It is possible to save approximately $100 per year simply by quoting online well ahead of the renewal date
• Increasing policy deductibles could save up to $200 each year
• Consumers who want an increased level of liability coverage will pay around $490 annually to raise from 30/60 bodily injury limits to higher 250/500 limits

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.