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 auto insurance rates for a Volvo S40 are $908 annually including full coverage. Comprehensive costs an estimated $138 a year, collision costs $170, and liability insurance is estimated at $442. Liability-only coverage costs approximately $496 a year, with high-risk coverage costing around $1,950. 16-year-old 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:

Full coverage includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on the price of auto insurance. More rural locations are shown to have fewer comprehensive and collision claims than congested cities.

The diagram below illustrates the difference location can make on insurance prices.

The examples above highlight why it is important to get quotes for a targeted area and their own personal driving habits, rather than relying on rate averages.

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

Additional Rate Details

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

• The best full coverage rate is $560
• Choosing higher $1,000 deductibles can save approximately $836 every year
• The estimated rate for a good driver age 40 who has $500 deductibles is $908
• Buying low $100 deductibles for comp and collision coverage will cost $1,040
• High-risk insureds with multiple tickets or accidents could pay up to $1,950 or more
• Policy cost with full coverage for a teen driver can cost as much as $3,718 each year

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on the model year and trim level, your driving characteristics, and liability limits and deductibles.

Older drivers with no violations or accidents and high physical damage deductibles could pay as little as $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay at least $3,700 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying $1,100 to $1,500 additional every year, depending on your age. A high-risk auto insurance policy ranges anywhere from 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $210 each year, while buying higher liability limits will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

Your home state plays a big part in determining prices for Volvo S40 insurance rates. A good driver about age 40 could pay as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to get quotes from as many companies as possible. Each auto insurer utilizes a different rate formula, and rates will be varied between companies.

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 Buy More Affordable Volvo S40 Insurance

Finding cheaper rates on Volvo S40 insurance takes having a decent driving record, having good credit, paying for small claims out-of-pocket, and maximizing policy discounts. Make time to compare rates at least once a year by requesting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following items are a summary of the primary concepts that were touched on in this article.

• You may be able to save approximately $100 per year simply by quoting early and online
• High-risk drivers who have multiple accidents or major violations could be forced to pay on average $1,040 more annually than a driver with a clean driving record
• Increasing comprehensive and collision deductibles could save up to $200 each year
• 16 to 18-year-old drivers are expensive to insure, with premiums being up to $310 each month if they have full coverage

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.