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

Average premium for full coverage: $908

Price estimates for individual coverage:

Rate estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Estimates are averaged for all U.S. states and for all S40 models.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on insurance rates. Areas with sparse population have lower incidents of collision claims than larger metro areas.

The example below illustrates the difference location can make on auto insurance rates.

The ranges above demonstrate why everyone should compare rates for a specific zip code, instead of making a decision based on price averages.

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

Rates by State, City, and Model

The chart below details estimated Volvo S40 insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $560
• Drivers who choose higher $1,000 deductibles will pay about $72 annually
• The estimated price for the average middle-age driver using $500 deductibles is $908
• Choosing pricier low deductibles for comprehensive and collision insurance bumps up the cost to $1,040
• Drivers with multiple violations and an at-fault accident could pay at least $1,950 or more
• The price that insures a 16-year-old driver for full coverage can be $3,718 a year

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on the model of your S40, your age and driving habits, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you may be forking out at least $1,100 to $1,500 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers can cost from 40% to 134% more than average. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $900 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records can expect 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 prices. A 40-year-old driver could pay as low as $660 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles could save up to $210 annually, whereas buying more liability protection will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

Since prices can be so different, the best way to find out your exact price is to regularly compare prices from multiple companies. Every company uses a different rate calculation, so the prices may be quite different.

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 Volvo S40 Insurance

Getting lower rates on insurance for a Volvo S40 not only requires having a decent driving record, but also having above-average credit, avoid buying unnecessary coverage, and insuring your home and auto with the same company. Shop around every year by getting quotes from direct companies, and also from your local independent and exclusive agents.

The following items are a brief recap of the coverage data touched on in this article.

• You may be able to save up to $100 per year simply by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save approximately $200 each year
• 16 to 18-year-old drivers pay higher prices, costing up to $310 a month if full coverage is included
• Drivers considered higher risk who tend to receive serious violations may pay on average $1,040 more every year than a driver with a clean driving record

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.