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.

Average insurance rates for a Volvo S40 are $908 a year for full coverage insurance. Comprehensive insurance costs on average $138 each year, collision insurance costs $170, and liability costs $442. A liability-only policy costs as little as $496 a year, and high-risk insurance costs $1,950 or more. Teen drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Estimates include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 states and S40 models.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on insurance rates. Rural areas tend to have a lower frequency of physical damage claims than larger metro areas. The graphic below illustrates how location impacts car insurance rates.

These examples illustrate why all drivers should compare rates based on a specific location 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 illustrates average Volvo S40 insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $560
• Drivers who choose higher $1,000 deductibles will pay around $72 each year
• The average rate for a 40-year-old driver with $500 deductibles is $908
• Choosing low deductibles for comprehensive and collision insurance will cost an extra $132 every year
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $1,950
• The cost for full coverage for a teen driver may cost $3,718 a year

View Chart as Image

Insurance rates for a Volvo S40 can also vary considerably based on your driver profile, the model year and trim level, and policy deductibles and limits.

More mature drivers with a clean driving record and high deductibles may pay as little as $900 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers can expect to pay upwards of $3,700 a year. View Rates by Age

Where you live 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 Vermont, Wisconsin, and North Carolina, or as much as $1,230 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing high deductibles could save up to $210 every year, whereas increasing liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will cost as much as $398 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at a minimum $1,100 to $1,500 extra per year, depending on your age. Insurance for high-risk drivers can cost as much as 40% to 134% more than average. 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 Low Cost Volvo S40 Insurance

Saving money on car insurance not only requires having a decent driving record, but also maintaining good credit, avoid buying unnecessary coverage, and determing if full coverage is necessary. Spend time shopping around every time your policy renews by getting rate quotes from direct insurance companies like GEICO and Progressive, and also from local independent and exclusive agents.

The following items are a review of the information touched on above.

• It is possible to save as much as $100 per year just by quoting online in advance
• 16 to 18-year-old drivers pay the highest rates, costing up to $310 per month for full coverage
• Increasing deductibles can save around $200 each year
• Higher risk drivers who have several accidents or serious violations pay an average of $1,040 more each year than a driver with a clean driving record
• Policyholders who require additional liability coverage will pay about $490 annually to go from a minimum 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.