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 insurance rates for a Volvo S40 are $908 a year including full coverage. Comprehensive costs on average $138 each year, collision costs $170, and liability is estimated at $442. A policy with only liability insurance costs approximately $496 a year, with a high-risk policy costing around $1,950. Teen drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all 50 U.S. states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can make a big difference on car insurance rates. Rural areas are statistically proven to have a lower frequency of comprehensive and collision claims than larger metro areas.

The graphic below illustrates the difference location can make on car insurance rates.

These rate differences highlight why all drivers should get quotes based on a specific location and risk profile, instead of making a decision based on price averages.

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

Rates by State, City, and Model

The chart below breaks down estimated Volvo S40 insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save around $72 every year
• The average rate for a 40-year-old good driver with $500 deductibles is $908
• Choosing low deductibles for comp and collision coverage will increase the cost to $1,040
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $1,950 or more
• An auto insurance policy for full coverage for a 16-year-old driver may cost $3,718 each year

View Chart as Image

Car insurance prices for a Volvo S40 also have a wide range based on your driving characteristics, the model of your S40, and policy deductibles and limits.

More mature drivers with no driving violations and high deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will be charged upwards of $3,700 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $700 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,300 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles can save as much as $210 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are likely paying at a minimum $1,100 to $1,500 extra annually, depending on your age. Insurance for high-risk drivers ranges from 40% to 134% more than average. View High Risk Driver Rates

With such a large range in prices, the best way to figure out exactly what you will pay is to do a rate comparison from multiple companies. Each auto insurer uses a different rate calculation, so rate quotes will be substantially different from one company to the next.

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 Find Cheaper Volvo S40 Insurance

Finding better rates on insurance for a Volvo S40 takes being safe and accident-free, having above-average credit, refrain from filing small claims, and maximizing policy discounts. Make time to compare rates every other policy renewal by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

Below you'll find a condensed summary of the ideas that were touched on in this article.

• Youthful drivers are expensive to insure, with the cost nearing $310 per month if full coverage is included
• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,040 more each year than a low-risk driver
• Increasing policy deductibles can save around $200 each year
• You may be able to save as much as $100 per year simply by quoting online in advance

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.