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.

Average insurance prices for a Volvo S40 are $908 every 12 months for full coverage. Comprehensive costs approximately $138, collision costs $170, and liability coverage is estimated at $442. Buying just liability costs approximately $496 a year, with insurance for high-risk drivers costing around $1,950. Teens receive the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

These estimates include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all states and for different S40 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural locations tend to have more infrequent accident claims than cities with more traffic congestion.

The price range example below illustrates how geographic area affects auto insurance prices.

These examples show why anyone shopping for car insurance should get quotes using their specific location and their own driving history, rather than using averaged prices.

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

Additional Rate Details

The chart below shows estimated Volvo S40 insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $560
• Choosing higher $1,000 deductibles can save $72 a year
• The average price for a 40-year-old driver who chooses $500 deductibles is $908
• Selecting more expensive low deductibles for comp and collision coverage increases the price to $1,040
• Drivers with serious driving violations could pay around $1,950 or more
• The cost to insure a teenage driver with full coverage can cost $3,718 each year

View Chart as Image

Auto insurance rates for a Volvo S40 can also vary considerably based on policy deductibles and limits, your driver profile, and the model of your S40.

Choosing higher comprehensive and collision insurance deductibles can save as much as $210 a year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 liability limit to a 250/500 limit will cost as much as $398 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may only pay around $900 annually on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you could be paying anywhere from $1,100 to $1,500 in extra premium per year, depending on your age. High-risk driver insurance ranges around 40% to 134% more than the average policy. View High Risk Driver Rates

Where you live plays a big part in determining prices for Volvo S40 insurance rates. A good driver about age 40 could pay as low as $600 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to compare rates and see how they stack up. Each auto insurer calculates rates differently, and quoted rates can be significantly different.

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 Shop for Cheap Volvo S40 Insurance

Saving money on auto insurance takes having a decent driving record, having a good credit score, eliminating unneeded coverage, and not having any coverage lapses. Invest the time to compare rates at every other renewal by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following items are a brief summary of the concepts that were presented in the illustrations above.

• Drivers that tend to have accidents or serious violations may pay on average $1,040 more per year than a driver with a clean driving record
• 16 to 18-year-old drivers have the highest car insurance rates, costing as high as $310 per month if comprehensive and collision insurance is included
• Drivers can save around $100 per year simply by shopping early and online
• Increasing deductibles could save as much as $200 each year
• Drivers can save around $100 per year simply by shopping early and online

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.