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 rates for a Volvo S40 are $908 a year with full coverage. Comprehensive insurance costs approximately $138 a year, collision costs $170, and liability costs around $442. Liability-only coverage costs as low as $496 a year, with high-risk coverage costing $1,950 or more. Teens receive the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

These estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and S40 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on the price of insurance. Rural locations tend to have lower incidents of collision claims than cities with more traffic congestion.

The diagram below illustrates how your location can change auto insurance prices.

These examples demonstrate why it is important to compare prices using their specific location, instead of using averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $560
• Using higher $1,000 deductibles will save $836 annually
• The estimated price for a 40-year-old driver who chooses $500 deductibles is $908
• Selecting low $100 deductibles for physical damage coverage will cost an additional $132 every year
• Drivers with serious driving violations could pay around $1,950 or more
• The cost that insures a teen driver can cost $3,718 or more

View Chart as Image

Car insurance rates for a Volvo S40 can also vary considerably based on the trim level of your S40, your age and driving habits, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you may be forking out anywhere from $1,100 to $1,500 extra per year, depending on your age. A high-risk auto insurance policy can be as much as 40% to 134% more than the average policy. View High Risk Driver Rates

Older drivers with no driving violations and higher comprehensive and collision deductibles may pay as little as $900 a year for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged in the ballpark of $3,700 a year. View Rates by Age

Where you live has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see rates as low as $660 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,230 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $210 every year, while buying higher liability limits will push rates upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to get quotes and see which company has the best rate. Each insurance company calculates rates differently, so rate quotes can be significantly different.

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 Cheap Volvo S40 Insurance

Saving money on car insurance requires being safe and accident-free, having a positive credit history, eliminating unnecessary coverage, and avoiding coverage lapses. Compare rates at every other renewal by requesting quotes from direct companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below you'll find a brief summary of the concepts that were illustrated above.

• Higher risk drivers that tend to have accidents or serious violations may have to pay on average $1,040 more per year than a low-risk driver
• Youthful drivers pay the highest auto insurance rates, with premiums as much as $310 per month if full coverage is purchased
• You may be able to save around $100 per year simply by quoting early and online
• Increasing deductibles can save approximately $200 each year
• You may be able to save around $100 per year simply by quoting early and online

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.