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.

The average insurance rates for a Volvo S40 are $908 a year including full coverage. Comprehensive costs approximately $138, collision insurance costs $170, and liability insurance costs around $442. Liability-only insurance costs as low as $496 a year, and high-risk driver insurance costs around $1,950. Teenage drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates by type of insurance:

Price estimates include $500 policy deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and for different S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on car insurance prices. Rural locations are shown to have a lower frequency of comprehensive and collision claims than densely populated cities. The price range example below illustrates the effect of geographic area on auto insurance prices.

The examples above highlight why anyone shopping for car insurance should compare prices using their specific location and risk profile, rather than relying on average rates.

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 discount rate is $560
• Using higher $1,000 deductibles will save $72 every year
• The average rate for a good driver age 40 who chooses $500 deductibles is $908
• Using more expensive low deductibles for physical damage coverage will increase the cost to $1,040
• Drivers who are prone to accidents and violations could pay around $1,950
• Policy cost for full coverage for a teen driver with full coverage can cost $3,718 or more

View Chart as Image

Auto insurance rates for a Volvo S40 also range considerably based on your risk profile, the model of your S40, and physical damage deductibles and liability limits.

An older driver with a good driving record and high deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

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

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $210 each year, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying anywhere from $1,100 to $1,500 in extra premium every year, depending on your age. High-risk driver insurance can be anywhere from 40% to 134% more than a normal policy. View High Risk Driver Rates

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 cheaper rates on Volvo S40 insurance requires avoiding accidents and claims, having good credit, paying for small claims out-of-pocket, and possibly higher deductibles. Take the time to compare rates every time your policy renews by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The points below are a condensed summary of the information covered in the above illustrations.

• You may be able to save around $100 per year just by shopping early and online
• Drivers under the age of 20 have the highest car insurance rates, with premiums being up to $310 each month if they have full coverage
• Increasing comprehensive and collision deductibles can save around $200 each year
• High-risk drivers with multiple at-fault accidents could be forced to pay on average $1,040 more per year to insure a Volvo S40
• Drivers who purchase increased liability limits will pay an extra $490 per year to increase from a 30/60 limit to 250/500 limits

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.