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 insurance costs on average $138, collision insurance costs $170, and liability coverage costs around $442. A liability-only policy costs as low as $496 a year, and high-risk insurance costs $1,950 or more. Teenage drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates include averaging for all 50 U.S. states and for all S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on car insurance rates. Rural areas are statistically proven to have lower incidents of comprehensive and collision claims than densely populated cities. The example below illustrates how where you live affects car insurance rates.

These rate differences highlight why everyone should compare prices based on a specific location, rather than using average rates.

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

More Rate Information

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

• The best discount rate is $560
• Using higher $1,000 deductibles will save around $72 every year
• The estimated price for a 40-year-old good driver with $500 deductibles is $908
• Using pricier low deductibles for physical damage coverage will cost an additional $132 each year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $1,950
• An auto insurance policy that insures a teenage driver for full coverage may cost $3,718 or more

View Chart as Image

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

If you have a few violations or you caused an accident, you are likely paying at a minimum $1,100 to $1,500 in extra premium annually, depending on your age. Volvo S40 insurance for high-risk drivers can be around 40% to 134% more than a normal policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may only pay around $900 a year, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records will have to pay upwards of $3,700 a year. View Rates by Age

Where you choose to live has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see prices as low as $700 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,300 on average in Michigan, New York, and Louisiana.

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $210 a year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 extra every year. View Rates by Deductible or Liability Limit

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 Low Cost Volvo S40 Insurance

Finding better rates on auto insurance requires having a good driving record, maintaining a good credit score, refrain from filing small claims, and deciding if full coverage is necessary. Compare prices every other policy renewal by obtaining price quotes from direct car insurance companies, and also from insurance agencies where you live.

The next list is a review of the ideas that were touched on in the above illustrations.

• Drivers age 20 and younger are charged the highest prices, with the cost nearing $310 per month if the policy includes full coverage
• Drivers who have several accidents or serious violations could be forced to pay on average $1,040 more each year to buy Volvo S40 insurance
• Increasing policy deductibles can save approximately $200 each year
• You may be able to save as much as $100 per year just by quoting online well ahead of the renewal date

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.