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.

U.S. average insurance prices for a Volvo S40 are $908 every 12 months including full coverage. Comprehensive costs an estimated $138, collision costs $170, and liability is $442. Liability-only coverage costs around $496 a year, with high-risk coverage costing around $1,950. Teenage drivers pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates broken down by individual coverage:

Full coverage includes $500 policy deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all 50 U.S. states and for different S40 trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than densely populated cities.

The price range example below illustrates the effect of geographic area on insurance prices.

The ranges above highlight why anyone shopping for car insurance should compare rates quotes for a targeted area and their own driving history, instead of using average rates.

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

Additional Rate Details

The chart below breaks down estimated Volvo S40 insurance rates for other coverage scenarios.

• The best discount rate is $560
• Raising to $1,000 deductibles will save approximately $72 every year
• The average price for the average middle-age driver who has $500 deductibles is $908
• Using more expensive low deductibles increases the price to $1,040
• At-risk drivers who are prone to accidents and violations could pay up to $1,950 or more
• The price to insure a teen driver with full coverage can cost as much as $3,718

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Auto insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driving characteristics, and the model year and trim level.

Using high physical damage deductibles can reduce prices by up to $210 every year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by 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 may pay as little as $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will have to pay at least $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying $1,100 to $1,500 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 40% to 134% more than a normal policy. View High Risk Driver Rates

The state you live in also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices 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.

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Since prices can be so different, the best way to figure out which car insurance is cheapest is to compare prices and see which company has the best price. Every auto insurance company uses a different method to calculate prices, and quoted prices may be quite 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 Shop for More Affordable Volvo S40 Insurance

Getting lower rates on car insurance consists of avoiding accidents and claims, having a good credit score, being claim-free, and qualifying for all possible discounts. Take the time to compare rates at least once a year by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The points below are a summary of the primary concepts that were covered in the above illustrations.

• You may be able to save approximately $100 per year simply by shopping early and online
• Higher risk drivers who have multiple accidents or major violations may have to pay on average $1,040 more annually to insure a Volvo S40
• Increasing physical damage deductibles could save as much as $200 each year
• Drivers under the age of 20 are the costliest to insure, possibly costing $310 a month if comprehensive and collision insurance is included

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.