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 insurance rates for a Volvo S40 are $954 a year including full coverage. Comprehensive costs on average $156 a year, collision costs $188, and liability insurance costs $452. Liability-only coverage costs as little as $504 a year, with high-risk coverage costing around $2,044. 16-year-old drivers pay the most at $3,858 a year or more.

Average premium for full coverage: $954

Premium estimates by type of coverage:

Comprehensive $156
Collision $188
Liability $452

Rates are based on $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 U.S. states and S40 trim levels.

Insurance Price Range by Risk and Coverage

Using a middle-aged driver as an example, insurance rates for a Volvo S40 go from the low end price of $504 for liability-only coverage to a high of $2,044 for a driver who requires high-risk insurance.

Liability Only $504
Full Coverage $954
High Risk $2,044

Insurance Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas are statistically proven to have lower incidents of comprehensive and collision claims than congested cities.

The diagram below illustrates how where you live affects car insurance rates.

Rural Areas $716
Small Cities $1,002
Large Cities $1,288

These rate differences highlight why it is important to compare rates based on a specific location, rather than relying on rate averages.

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.

Additional Charts and Tables

The chart below breaks down estimated Volvo S40 insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $585
  • Drivers who choose higher $1,000 deductibles will pay around $876 every year
  • The estimated price for a 40-year-old good driver with $500 deductibles is $954
  • Buying low $100 deductibles for comprehensive and collision insurance bumps up the cost to $1,104
  • High risk drivers with multiple tickets or accidents could pay upwards of $2,044 or more
  • An auto insurance policy that insures a teen driver may cost $3,858 a year

View Chart as Image

Volvo S40 insurance cost comparison chart
Column chart showing full coverage Volvo S40 insurance rates range from $585 to $3,858

Insurance prices for a Volvo S40 also have a wide range based on the trim level of your S40, your driving record and age, and policy deductibles and limits.

If you have a few violations or you caused an accident, you are likely paying at a minimum $1,100 to $1,600 extra annually, depending on your age. A high-risk auto insurance policy can cost anywhere from 41% to 129% more than the average rate. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records can expect to pay upwards of $3,800 a year. View Rates by Age

Where you choose to live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $730 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,360 on average in Michigan, New York, and Louisiana.

Volvo S40 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $862 -$92 -9.6%
Alaska $732 -$222 -23.3%
Arizona $792 -$162 -17.0%
Arkansas $954 -$0 0.0%
California $1,088 $134 14.0%
Colorado $910 -$44 -4.6%
Connecticut $982 $28 2.9%
Delaware $1,080 $126 13.2%
Florida $1,194 $240 25.2%
Georgia $880 -$74 -7.8%
Hawaii $686 -$268 -28.1%
Idaho $646 -$308 -32.3%
Illinois $710 -$244 -25.6%
Indiana $718 -$236 -24.7%
Iowa $644 -$310 -32.5%
Kansas $908 -$46 -4.8%
Kentucky $1,302 $348 36.5%
Louisiana $1,412 $458 48.0%
Maine $588 -$366 -38.4%
Maryland $786 -$168 -17.6%
Massachusetts $762 -$192 -20.1%
Michigan $1,658 $704 73.8%
Minnesota $798 -$156 -16.4%
Mississippi $1,142 $188 19.7%
Missouri $846 -$108 -11.3%
Montana $1,024 $70 7.3%
Nebraska $752 -$202 -21.2%
Nevada $1,144 $190 19.9%
New Hampshire $688 -$266 -27.9%
New Jersey $1,066 $112 11.7%
New Mexico $846 -$108 -11.3%
New York $1,004 $50 5.2%
North Carolina $550 -$404 -42.3%
North Dakota $782 -$172 -18.0%
Ohio $660 -$294 -30.8%
Oklahoma $980 $26 2.7%
Oregon $872 -$82 -8.6%
Pennsylvania $910 -$44 -4.6%
Rhode Island $1,274 $320 33.5%
South Carolina $864 -$90 -9.4%
South Dakota $806 -$148 -15.5%
Tennessee $836 -$118 -12.4%
Texas $1,152 $198 20.8%
Utah $708 -$246 -25.8%
Vermont $654 -$300 -31.4%
Virginia $572 -$382 -40.0%
Washington $738 -$216 -22.6%
West Virginia $874 -$80 -8.4%
Wisconsin $660 -$294 -30.8%
Wyoming $850 -$104 -10.9%

View Chart as Image

Volvo S40 insurance rates by U.S. city

Opting for high physical damage deductibles could save up to $230 each year, while buying higher liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $407 more per year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to figure out exactly what you will pay is to get quotes from as many companies as possible. Every company utilizes a different rate formula, so the prices will be substantially different.

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 $938 $78
Volvo S40 T5 $970 $81
Volvo S40 T5 AWD R-Design $970 $81

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.

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 Find the Best Cheap Volvo S40 Insurance

Finding better rates on Volvo S40 insurance not only requires being safe and accident-free, but also having above-average credit, refrain from filing small claims, and bundling your home and auto policies. Comparison shop at every other renewal by getting price quotes from direct car insurance companies, and also from insurance agencies where you live.

Below you'll find a quick review of the concepts that were touched on in the above illustrations.

  • High-risk drivers with a DUI or reckless driving violation could be forced to pay on average $1,090 more each year than a low-risk driver
  • Youthful drivers pay the highest prices, with the cost nearing $322 per month if full coverage is included
  • You may be able to save as much as $110 per year simply by quoting early and online
  • Increasing policy deductibles can save approximately $225 each year
  • You may be able to save as much as $110 per year simply by quoting early and online

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 $3,858
20 $2,176
30 $970
40 $954
50 $876
60 $856

Full coverage, $500 deductibles

Rates by Deductible

Volvo S40 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,104
$250 $1,036
$500 $954
$1,000 $876

Full coverage, driver age 40

Rates by Liability Limit

Volvo S40 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $954
50/100 $1,060
100/300 $1,173
250/500 $1,467
100 CSL $1,106
300 CSL $1,354
500 CSL $1,535

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S40 Insurance Rates for High Risk Drivers
Age Premium
16 $5,422
20 $3,462
30 $2,060
40 $2,044
50 $1,956
60 $1,936

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 $126

Potential Rate Discounts

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

Discount Savings
Multi-policy $48
Multi-vehicle $51
Homeowner $17
5-yr Accident Free $56
5-yr Claim Free $59
Paid in Full/EFT $33
Advance Quote $41
Online Quote $64
Total Discounts $369
Rate after discounts $585

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

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