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 auto insurance rates for a Volvo S40 are $908 annually including full coverage. Comprehensive insurance costs on average $138 each year, collision insurance costs $170, and liability insurance is $442. Liability-only coverage costs around $496 a year, and high-risk coverage costs $1,950 or more. Teenage drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

These estimates include $500 deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and S40 models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas tend to have fewer comprehensive and collision claims than densely populated cities. The graphic below illustrates how where you live affects car insurance rates.

These examples highlight why all drivers should compare rates quotes based on a specific location and their own personal driving habits, rather than relying on average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $560
• Raising to $1,000 deductibles will save around $72 every year
• The estimated rate for a 40-year-old driver with $500 deductibles is $908
• Using low deductibles costs an additional $132 a year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $1,950
• The cost with full coverage for a teen driver may cost $3,718

View Chart as Image

Car insurance rates for a Volvo S40 can also vary considerably based on the trim level of your S40, your driving characteristics, and policy deductibles and limits.

More mature drivers with no driving violations and high physical damage deductibles could pay as little as $900 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will be charged upwards of $3,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying at a minimum $1,100 to $1,500 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 40% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can reduce rates by up to $210 each year, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Volvo S40 insurance rates. A middle-age driver might find rates 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

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 Cheap Volvo S40 Insurance

Saving money on Volvo S40 insurance consists of not taking risks behind the wheel, having a good credit score, not filing small claims, and possibly raising deductibles. Take the time to comparison shop once a year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from several local insurance agents.

The following is a brief summary of the data that was touched on in the above illustrations.

• You may be able to save as much as $100 per year just by quoting online in advance
• Drivers who require higher liability limits will pay an extra $490 per year to raise from a minimum limit to higher 250/500 limits
• Teens are expensive to insure, as much as $310 per month if comprehensive and collision insurance is included
• High-risk drivers that tend to have accidents or serious violations pay on average $1,040 more each 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.