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

Average premium for full coverage: $908

Price estimates by individual coverage:

Rates are based on $500 physical damage insurance deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all states and for different S40 trim levels.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on car insurance rates. Rural areas have lower incidents of accident claims than cities with more traffic congestion.

The price range example below illustrates how location helps determine car insurance rates.

The ranges above show why anyone shopping for car insurance should compare rates based on a specific location, instead of making a decision based on averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $560
• Drivers who choose higher $1,000 deductibles will pay around $72 a year
• The estimated price for the average middle-age driver with $500 deductibles is $908
• Selecting more expensive low deductibles for comprehensive and collision insurance will cost an additional $132 annually
• Drivers with serious driving violations could pay upwards of $1,950 or more
• The price that insures a 16-year-old driver with full coverage may cost $3,718 a year

View Chart as Image

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

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,100 to $1,500 in extra premium each year, depending on your age. High-risk driver insurance can cost from 40% to 134% more than the average policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $900 per year on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay upwards of $3,700 a year. View Rates by Age

The state you live in makes a big difference in Volvo S40 insurance prices. 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 annually, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know exactly what you will pay is to compare prices from multiple companies. Every company calculates prices differently, 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 Find the Best Cheap Volvo S40 Insurance

Getting lower rates on insurance for a Volvo S40 not only requires being a low-risk driver, but also maintaining a good credit score, eliminating unnecessary coverage, and taking advantage of discounts. Compare rates once a year by getting quotes from direct carriers, and also from local exclusive and independent agents.

The items below are a quick review of the data that was covered in the charts and tables above.

• Drivers can save as much as $100 per year simply by shopping early and online
• Insureds who require more liability coverage will pay approximately $490 each year to go from a low limit to the 250/500 level
• Teen drivers are charged the highest prices, with premiums as much as $310 a month if the policy includes full coverage
• Drivers considered higher risk with a DUI or reckless driving violation may pay on average $1,040 more each year to insure their S40

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.