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 for full coverage. Comprehensive costs around $138, collision insurance costs $170, and liability coverage costs $442. Liability-only insurance costs as little as $496 a year, and high-risk driver insurance costs around $1,950. Teens cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates for type of insurance:

Rates are based on $500 policy deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and for all S40 models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on auto insurance rates.

The examples above show why everyone should compare rates for a specific zip code and risk profile, rather than using averaged prices.

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

Additional Charts and Tables

The chart below shows average Volvo S40 insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $560
• Drivers who choose higher $1,000 deductibles will pay about $72 a year
• The average rate for a good driver age 40 using $500 deductibles is $908
• Selecting pricier low deductibles for comprehensive and collision insurance will increase the cost to $1,040
• High-risk insureds with serious driving violations could pay at least $1,950
• Policy cost for full coverage for a teenage driver for full coverage can be $3,718 a year

View Chart as Image

Auto insurance rates for a Volvo S40 also range considerably based on your risk profile, the trim level of your S40, and deductibles and policy limits.

A more mature driver with a good driving record and high deductibles may only pay around $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

Your home state makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $600 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,300 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $210 a year, whereas buying more liability protection will increase rates. Going 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 could be paying at least $1,100 to $1,500 in extra premium every year, depending on your age. Volvo S40 insurance for high-risk drivers can cost around 40% to 134% more than the average 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 the Best Cheap Volvo S40 Insurance

Finding cheaper rates on auto insurance not only requires being a good driver, but also having good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Take the time to compare rates once a year by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The following list is a quick review of the data that was covered in the above illustrations.

• Drivers can save up to $100 per year just by quoting online well ahead of the renewal date
• Consumers who may need an increased level of liability coverage will pay approximately $490 each year to go from a 30/60 limit to 250/500 limits
• Drivers age 16 to 20 are expensive to insure, costing up to $310 each month if they have full coverage
• Drivers with a DUI or reckless driving violation may be required to pay an average of $1,040 more every 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.