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 auto insurance rates for a Volvo S40 are $908 annually for full coverage. Comprehensive insurance costs on average $138 a year, collision insurance costs $170, and liability coverage costs around $442. A policy with only liability insurance costs as low as $496 a year, and a high-risk policy costs $1,950 or more. 16-year-old drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Prices include $500 deductible amounts, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all states and S40 trim levels.

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 fewer accident claims than congested cities. The diagram below illustrates how rural and urban location affects car insurance rates.

These rate differences show why it is important to compare prices based on a specific location and their own personal driving habits, rather than using rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $560
• Using higher $1,000 deductibles will save around $836 a year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $908
• Buying low $100 deductibles for physical damage coverage costs an additional $132 each year
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $1,950
• An auto insurance policy with full coverage for a teenage driver may cost $3,718 or more

View Chart as Image

Car insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driver profile, and policy deductibles and limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $900 a year, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged upwards of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying at a minimum $1,100 to $1,500 extra annually, depending on your age. A high-risk auto insurance policy can be around 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut prices by as much as $210 a year, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

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 $600 a year in states like Idaho, Maine, and Iowa, or at least $1,300 on average in Michigan, Louisiana, and New York.

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 the Right Volvo S40 Insurance

Finding better rates on auto insurance requires having a good driving record, having a good credit score, not filing small claims, and possibly raising deductibles. Set aside time to shop around at least every other year by requesting rates from direct carriers, and also from local insurance agents.

The next list is a quick rundown of the car insurance concepts raised in the charts and tables above.

• Drivers with reckless driving or DUI convictions may be required to pay an average of $1,040 more each year to buy Volvo S40 insurance
• Drivers can save as much as $100 per year just by quoting early and online
• Increasing policy deductibles could save up to $200 each year
• Consumers who require increased levels of liability coverage will pay around $490 each year to increase from 30/60 bodily injury limits to higher 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.