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 around $138, collision insurance costs $170, and liability insurance costs $442. Liability-only coverage costs as little as $496 a year, and high-risk coverage costs $1,950 or more. 16-year-old drivers pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates for individual coverage:

Includes $500 physical damage insurance deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 states and for different S40 trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a significant impact on car insurance rates. Areas with sparse population have a lower frequency of physical damage claims than congested cities. The price range example below illustrates how where you live affects auto insurance rates.

The ranges above illustrate why anyone shopping for car insurance should compare rates for a specific zip code and risk profile, rather than relying on rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $560
• Drivers who choose higher $1,000 deductibles will pay about $72 each year
• The average rate for the average middle-age driver using $500 deductibles is $908
• Buying more expensive low deductibles for comprehensive and collision insurance will cost an extra $132 a year
• High risk drivers with multiple tickets or accidents could pay at least $1,950
• The price for full coverage for a teen driver with full coverage can be $3,718 a year

View Chart as Image

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

An older driver with a good driving record and high deductibles could pay as little as $900 per year on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

The state you live in 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 Vermont, Wisconsin, and North Carolina, or at least $1,230 on average in Michigan, New York, and Florida.

View Chart as Image

Opting for high physical damage deductibles could save up to $210 each year, while increasing your policy's liability limits will increase prices. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying at least $1,100 to $1,500 in extra premium each year, depending on your age. High-risk driver insurance can cost anywhere from 40% to 134% more than the average rate. 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 Cheapest Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance not only requires being a low-risk driver, but also having good credit, not filing small claims, and possibly raising deductibles. Take the time to comparison shop every year by obtaining price quotes from direct insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The items below are a recap of the coverage data touched on in the above illustrations.

• It is possible to save up to $100 per year just by shopping early and online
• Increasing physical damage deductibles can save around $200 each year
• Teen drivers are expensive to insure, as much as $310 a month if they have full coverage
• High-risk drivers that have major violations or accidents may pay on average $1,040 more every 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.