Volvo S40 Insurance Rates
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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.
U.S. average insurance prices for a Volvo S40 are $974 every 12 months for full coverage. Comprehensive costs an estimated $158, collision insurance costs $198, and liability is $460. Liability-only insurance costs around $510 a year, and high-risk driver insurance costs around $2,092. Teenage drivers pay the highest rates at up to $3,940 a year.
Average premium for full coverage: $974
Price estimates broken down by individual coverage:
Full coverage includes $500 comprehensive and collision deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all states and for all S40 models.
Price Range from Low to High
For the average driver, Volvo S40 insurance prices range from the cheapest price of $510 for just liability insurance to the much higher price of $2,092 for high-risk insurance.
Geographic Price Range
Choosing to live in a large city can have significant affects on insurance rates. More rural locations have more infrequent accident claims than densely populated cities. The example below illustrates how location impacts insurance prices.
The ranges above show why everyone should compare rates quotes for a targeted area and their own driving history, instead of using 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.
More Rate Details
The chart below shows average Volvo S40 insurance rates for other coverage scenarios.
- The best discount rate is $596
- Raising to $1,000 deductibles will save approximately $82 a year
- The average price for the average middle-age driver who has $500 deductibles is $974
- Using pricier low deductibles increases the price to $1,130
- At-risk drivers who are prone to accidents and violations could pay up to $2,092
- The price to insure a teen driver for full coverage can cost as much as $3,940
Car insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.
Using high physical damage deductibles can reduce prices by up to $240 every year, whereas buying more liability protection will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles may pay as little as $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged at least $3,900 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you could be paying $1,200 to $1,600 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost as much as 41% to 137% more than a normal policy. View High Risk Driver Rates
The state you live in also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $640 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,390 on average in New York, Louisiana, and Michigan.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Volvo S40 2.4I||$958||$80|
|Volvo S40 T5||$992||$83|
|Volvo S40 T5 AWD R-Design||$992||$83|
Rates assume 2006 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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2010 Volvo S40||$190||$272||$478||$1,098|
|2009 Volvo S40||$176||$248||$474||$1,056|
|2008 Volvo S40||$166||$226||$474||$1,024|
|2006 Volvo S40||$158||$198||$460||$974|
|2004 Volvo S40||$142||$180||$446||$926|
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 Shop for More Affordable Volvo S40 Insurance
Getting lower rates on car insurance consists of avoiding accidents and violations, maintaining a good credit score, eliminating unnecessary coverage, and possibly higher deductibles. Spend time shopping around every couple of years by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.
The list below is a summary of the material that was touched on above.
- Policyholders who want higher liability limits will pay an extra $510 each year to raise from a low limit to a 250/500 level
- Teenagers have the highest car insurance prices, with premiums as much as $328 a month if the policy includes full coverage
- Higher risk drivers who have multiple accidents or major violations pay on average $1,120 more annually for car insurance
- Increasing physical damage deductibles could save as much as $250 each year
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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$58|
|5-yr Claim Free||$61|
|Paid in Full/EFT||$34|
Discounts are estimated and may not be available from every company or in every state.