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. Comprehensive costs approximately $138 each year, collision costs $170, and liability is $442. Liability-only insurance costs around $496 a year, with high-risk driver insurance 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 by type of coverage:

Estimates include $500 deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. Rural locations are statistically proven to have fewer accident claims than congested cities.

The graphic below illustrates how geographic area affects auto insurance prices.

These rate differences show why all drivers should compare rates quotes using their specific location and their own personal driving habits, instead of using rate averages.

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

Additional Rate Information

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save $72 a year
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Buying low deductibles will cost $1,040
• At-risk drivers with multiple tickets or accidents could pay around $1,950 or more
• An auto insurance policy with full coverage for a teen driver can cost $3,718

View Chart as Image

Insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driver profile, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high physical damage deductibles may pay as little as $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 should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying anywhere from $1,100 to $1,500 additional annually, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 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 every year, whereas increasing liability limits will push prices upward. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

Where you choose to live also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $600 a year in states like Iowa, Maine, and Idaho, or at least $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

With such a large range in prices, the only way to know who has the cheapest car insurance prices is to do a rate comparison and see which company has the best price. Every auto insurance company utilizes a different rate formula, and prices 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 Low Cost Volvo S40 Insurance

Finding better rates on car insurance consists of not taking risks behind the wheel, having good credit, not filing small claims, and qualifying for all possible discounts. Invest the time to compare rates once a year by obtaining price quotes from direct carriers, and also from several local insurance agents.

The following is a review of the data that was presented in the illustrations above.

• Drivers can save around $100 per year simply by quoting online in advance
• Policyholders who purchase higher liability limits will pay around $490 each year to raise from 30/60 bodily injury limits to higher 250/500 limits
• Teens are the costliest to insure, as much as $310 per month if they have full coverage
• Higher risk drivers who have several accidents or serious violations pay on average $1,040 more per year for S40 insurance

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.