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 approximately $138, collision insurance costs $170, and liability is estimated at $442. Liability-only insurance costs approximately $496 a year, and high-risk driver insurance costs $1,950 or more. Teens pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates by individual coverage:

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

Price Range from Low to High

Geographic Price Range

Living in a larger city can have significant affects on car insurance rates. Rural locations have a lower frequency of accident claims than cities with more traffic congestion. The example below illustrates how your location can change auto insurance prices.

The ranges above show why everyone should get quotes using their specific location and risk profile, instead of 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 and risk scenarios.

• The cheapest rate after discounts is $560
• Choosing higher $1,000 deductibles can save $72 a year
• The average rate for the average middle-age driver who chooses $500 deductibles is $908
• Selecting pricier low deductibles for comp and collision coverage will cost an extra $132 every year
• Unlucky drivers with serious driving violations could pay around $1,950
• The price for full coverage for a teen driver for full coverage can cost $3,718 each year

View Chart as Image

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

A more mature driver with no driving violations and high deductibles may pay as little as $900 annually on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will be charged in the ballpark of $3,700 a year. View Rates by Age

The state you live in plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $600 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $210 every year, whereas buying more liability protection will push prices upward. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you could be paying anywhere from $1,100 to $1,500 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers ranges as much as 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

Getting lower rates on car insurance takes not taking risks behind the wheel, having above-average credit, eliminating unnecessary coverage, and attention to physical damage deductibles. Invest the time to shop around at least every other year by getting rate quotes from direct carriers like Progressive and GEICO, and also from local exclusive and independent agents.

The following is a quick review of the car insurance concepts illustrated above.

• Higher risk drivers with a DUI or reckless driving violation may pay on average $1,040 more per year for S40 insurance
• Drivers can save around $100 per year just by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save around $200 each year
• Policyholders who purchase higher liability limits will pay approximately $490 each year to raise limits from a low limit to 250/500 limits

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.