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 with full coverage. Comprehensive costs an estimated $138 a year, collision costs $170, and liability costs around $442. A liability-only policy costs as low as $496 a year, with high-risk insurance costing around $1,950. Teen drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates broken down by type of insurance:

Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance rates. More rural locations are shown to have a lower frequency of collision claims than larger metro areas.

The diagram below illustrates how your location can change insurance prices.

The examples above demonstrate why it is important to compare prices for a targeted area and risk profile, instead of using price averages.

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

Additional Rate Details

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

• The lowest rate with discounts is $560
• Using higher $1,000 deductibles will save approximately $836 annually
• The average rate for a good driver age 40 who has $500 deductibles is $908
• Choosing low $100 deductibles for physical damage coverage will increase the cost to $1,040
• Drivers with multiple violations and an at-fault accident could pay up to $1,950 or more
• Policy cost for full coverage for a teen driver can cost as much as $3,718 or more

View Chart as Image

Car insurance rates for a Volvo S40 also range considerably based on your risk profile, the trim level and model year, and liability limits and deductibles.

Older drivers with no driving violations and high deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged at least $3,700 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see rates as low as $660 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,230 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles could cut rates by as much as $210 every year, while buying higher liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out $1,100 to $1,500 extra every year, depending on your age. A high-risk auto insurance policy can be as much as 40% to 134% more than average. View High Risk Driver Rates

Because rates have so much variability, the best way to find out which auto insurance is cheapest is to get quotes and see which company has the best rate. Each insurance company uses a different rate calculation, so rate quotes will be varied 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 Cheaper Volvo S40 Insurance

Finding cheaper rates on car insurance requires being a good driver, having above-average credit, not filing small claims, and not having any coverage lapses. Invest the time to shop around every other policy renewal by obtaining price quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The following list is a condensed summary of the ideas that were illustrated above.

• Drivers age 16 to 20 have the highest car insurance rates, as much as $310 each month if full coverage is included
• Higher risk drivers with multiple at-fault accidents may pay on average $1,040 more annually than a safer driver
• Increasing comprehensive and collision deductibles can save around $200 each year
• You may be able to save approximately $100 per year simply by quoting early and online

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.