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 including full coverage. Comprehensive insurance costs approximately $138, collision insurance costs $170, and liability insurance is estimated at $442. Buying just liability costs approximately $496 a year, and insurance for high-risk drivers costs $1,950 or more. 16-year-old drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Rate estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and for different S40 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a significant impact on car insurance prices. Rural locations tend to have more infrequent comprehensive and collision claims than congested cities. The price range example below illustrates how your location can change auto insurance prices.

These examples highlight why anyone shopping for car insurance should get quotes using their specific location and their own driving history, rather than relying on rate averages.

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

Rate Comparisons

The chart below breaks down average Volvo S40 insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $560
• Choosing higher $1,000 deductibles can save $72 every year
• The average price for a 40-year-old driver who chooses $500 deductibles is $908
• Buying more expensive low deductibles for comp and collision coverage costs an extra $132 a year
• High-risk insureds with multiple tickets or accidents could pay around $1,950
• The cost to insure a teen driver with full coverage can cost $3,718 each year

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

Opting for high physical damage deductibles can save as much as $210 each year, while increasing your policy's liability limits will push rates upward. Changing 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 could pay as little as $900 annually on average for full coverage. Rates are highest 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 are likely paying anywhere from $1,100 to $1,500 in extra premium per year, depending on your age. High-risk driver insurance ranges anywhere from 40% to 134% more than the average rate. 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 $700 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,300 on average in Louisiana, New York, and Michigan.

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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 the Best Volvo S40 Insurance

Saving money on Volvo S40 insurance takes being a good driver, having a good credit score, not filing small claims, and possibly higher deductibles. Invest the time to shop around once a year by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local car insurance providers.

The following list is a brief recap of the data that was illustrated above.

• You may be able to save around $100 per year just by shopping early and online
• Drivers who purchase an increased level of liability coverage will pay around $490 per year to raise limits from a minimum limit to a 250/500 level
• Drivers age 16 to 20 have the highest car insurance rates, as much as $310 per month if comprehensive and collision insurance is included
• High-risk drivers who tend to receive serious violations could be charged and average of $1,040 more per year than a safer driver

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.