Volvo S40 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 3, 2023

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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.

Estimated auto insurance rates for a Volvo S40 are $908 annually for full coverage insurance. Comprehensive insurance costs approximately $138 each year, collision costs $170, and liability is estimated at $442. Liability-only insurance costs approximately $496 a year, with high-risk driver insurance costing $1,950 or more. Teenage drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Comprehensive $138
Collision $170
Liability $442

These estimates include $500 physical damage deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 states and S40 models.

Insurance Price Range by Risk and Coverage

For the average 40-year-old driver, insurance rates for a Volvo S40 go from as cheap as $496 for just liability coverage to a high rate of $1,950 for a driver required to buy high-risk insurance.

Liability Only $496
Full Coverage $908
High Risk $1,950

Insurance Price Range by Location

Living in a larger city can make a big difference on the price of auto insurance. Rural locations are statistically proven to have fewer physical damage claims than densely populated cities.

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

Rural Areas $681
Small Cities $953
Large Cities $1,226

These rate differences illustrate why all drivers should get quotes using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Detailed Rate Analysis

The chart below illustrates estimated Volvo S40 insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $560
  • Choosing higher $1,000 deductibles can save $72 each year
  • The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $908
  • Using low deductibles for comp and collision coverage costs an additional $132 annually
  • Higher-risk drivers who are prone to accidents and violations could pay around $1,950 or more
  • An auto insurance policy with full coverage for a 16-year-old driver can cost $3,718 each year

View Chart as Image

Volvo S40 insurance cost comparison chart
Column chart showing full coverage Volvo S40 insurance prices range from $560 to $3,718

Insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your risk profile, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high physical damage deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying anywhere from $1,100 to $1,500 additional annually, depending on your age. Insurance for high-risk drivers ranges from 40% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can save as much as $210 annually, whereas increasing liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

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

Volvo S40 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $822 -$86 -9.5%
Alaska $698 -$210 -23.1%
Arizona $756 -$152 -16.7%
Arkansas $908 -$0 0.0%
California $1,036 $128 14.1%
Colorado $868 -$40 -4.4%
Connecticut $936 $28 3.1%
Delaware $1,028 $120 13.2%
Florida $1,136 $228 25.1%
Georgia $840 -$68 -7.5%
Hawaii $652 -$256 -28.2%
Idaho $616 -$292 -32.2%
Illinois $676 -$232 -25.6%
Indiana $684 -$224 -24.7%
Iowa $614 -$294 -32.4%
Kansas $864 -$44 -4.8%
Kentucky $1,240 $332 36.6%
Louisiana $1,346 $438 48.2%
Maine $560 -$348 -38.3%
Maryland $750 -$158 -17.4%
Massachusetts $728 -$180 -19.8%
Michigan $1,580 $672 74.0%
Minnesota $760 -$148 -16.3%
Mississippi $1,088 $180 19.8%
Missouri $806 -$102 -11.2%
Montana $978 $70 7.7%
Nebraska $716 -$192 -21.1%
Nevada $1,090 $182 20.0%
New Hampshire $654 -$254 -28.0%
New Jersey $1,016 $108 11.9%
New Mexico $804 -$104 -11.5%
New York $960 $52 5.7%
North Carolina $524 -$384 -42.3%
North Dakota $744 -$164 -18.1%
Ohio $630 -$278 -30.6%
Oklahoma $934 $26 2.9%
Oregon $832 -$76 -8.4%
Pennsylvania $868 -$40 -4.4%
Rhode Island $1,214 $306 33.7%
South Carolina $822 -$86 -9.5%
South Dakota $768 -$140 -15.4%
Tennessee $798 -$110 -12.1%
Texas $1,096 $188 20.7%
Utah $674 -$234 -25.8%
Vermont $622 -$286 -31.5%
Virginia $544 -$364 -40.1%
Washington $704 -$204 -22.5%
West Virginia $832 -$76 -8.4%
Wisconsin $630 -$278 -30.6%
Wyoming $810 -$98 -10.8%

View Chart as Image

Volvo S40 insurance rates by U.S. city

With such a large range in prices, the only way to figure out who has the best car insurance prices is to do a rate comparison from multiple companies. Each auto insurer uses a different method to calculate prices, and prices will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

Volvo S40 Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Volvo S40 2.4I $894 $75
Volvo S40 T5 $924 $77
Volvo S40 T5 AWD R-Design $924 $77

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.

Volvo S40 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Volvo S40 $176 $248 $474 $1,056
2009 Volvo S40 $166 $226 $474 $1,024
2008 Volvo S40 $162 $202 $468 $990
2006 Volvo S40 $156 $188 $452 $954
2004 Volvo S40 $138 $170 $442 $908

Rates are averaged for all Volvo S40 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Buy Cheap Volvo S40 Insurance

Finding better rates on insurance for a Volvo S40 takes being a safe and courteous driver, having good credit, paying for small claims out-of-pocket, and qualifying for all possible discounts. Make time to compare rates at every policy renewal by obtaining price quotes from direct insurance companies, and also from insurance agencies where you live.

Below is a brief summary of the data touched on in this article.

  • Insureds who purchase higher levels of liability will pay an extra $490 annually to raise limits from 30/60 bodily injury limits to higher 250/500 limits
  • It is possible to save around $100 per year simply by quoting online in advance
  • Increasing policy deductibles could save up to $200 each year
  • Teenage drivers are the costliest to insure, with premiums being up to $310 per 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.

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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:

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.

Rates by Driver Age

Volvo S40 Insurance Rates by Driver Age
Driver Age Premium
16 $3,718
20 $2,078
30 $922
40 $908
50 $836
60 $818

Full coverage, $500 deductibles

Rates by Deductible

Volvo S40 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,040
$250 $982
$500 $908
$1,000 $836

Full coverage, driver age 40

Rates by Liability Limit

Volvo S40 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $908
50/100 $1,012
100/300 $1,123
250/500 $1,410
100 CSL $1,057
300 CSL $1,300
500 CSL $1,477

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S40 Insurance Rates for High Risk Drivers
Age Premium
16 $5,216
20 $3,308
30 $1,960
40 $1,950
50 $1,866
60 $1,846

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $119

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $45
Multi-vehicle $49
Homeowner $16
5-yr Accident Free $53
5-yr Claim Free $56
Paid in Full/EFT $31
Advance Quote $38
Online Quote $60
Total Discounts $348
Rate after discounts $560

Discounts are estimated and may not be available from every company or in every state.

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