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 insurance. Comprehensive insurance costs approximately $138 each year, collision costs $170, and liability insurance is $442. A policy with just liability insurance costs around $496 a year, with coverage for high-risk drivers costing $1,950 or more. Teen drivers pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates by individual coverage:

Includes $500 physical damage insurance deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and S40 models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on the price of auto insurance. Rural locations have a lower frequency of physical damage claims than larger metro areas.

The graphic below illustrates how rural and urban location affects auto insurance prices.

The ranges above illustrate why all drivers should compare rates quotes using their specific location and risk profile, rather than relying on price averages.

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

Rates by State, City, and Model

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

• The lowest rate with discounts is $560
• Raising to $1,000 deductibles will save $72 each year
• The average rate for the average middle-age driver who chooses $500 deductibles is $908
• Choosing low deductibles will cost an extra $132 a year
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $1,950 or more
• The price for full coverage for a teen driver can cost $3,718

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on your driving record, the model year and trim level, and physical damage deductibles and liability limits.

More mature drivers with a clean driving record and high deductibles could pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles can reduce prices by up to $210 each year, whereas increasing liability limits will push prices upward. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying anywhere from $1,100 to $1,500 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 40% to 134% more than average. View High Risk Driver Rates

Since prices can be so different, the only way to figure out who has the best car insurance prices is to do a rate comparison from as many companies as possible. Every auto insurance company uses a different rate calculation, so the prices may be quite different from one company to the next.

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 Cheapest Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance consists of being a low-risk driver, maintaining good credit, not filing small claims, and maximizing policy discounts. Set aside time to shop around at every policy renewal by getting quotes from direct insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The items below are a recap of the data raised in the charts and tables above.

• Drivers who purchase more liability coverage will pay about $490 annually to raise from a low limit to 250/500 limits
• It is possible to save around $100 per year simply by quoting online in advance
• Increasing physical damage deductibles can save around $200 each year
• Teen drivers are expensive to insure, as much as $310 a month for full coverage

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.