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.
Average insurance rates for a Volvo S40 are $974 a year for full coverage insurance. Comprehensive insurance costs an estimated $158 a year, collision costs $198, and liability is $460. Buying just liability costs around $510 a year, with insurance for high-risk drivers costing $2,092 or more. Teen drivers receive the highest rates at $3,940 a year or more.
Average premium for full coverage: $974
Rate estimates broken down by individual coverage type:
Estimates include $500 deductible amounts, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and S40 trim levels.
Price Range by Coverage and Risk
For the average 40-year-old driver, prices range go from as low as $510 for your basic liability-only policy to a high of $2,092 for a high-risk driver policy.
Price Range by Location
Choosing to live in a large city can have significant affects on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than larger metro areas.
The diagram below illustrates the difference location can make on insurance prices.
These examples illustrate why it is important to compare rates quotes for a targeted area and risk profile, instead of using price 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.
More Rate Information
The chart below illustrates estimated Volvo S40 insurance rates for other coverage scenarios.
- The lowest rate with discounts is $596
- Raising to $1,000 deductibles will save approximately $892 each year
- The average rate for a 40-year-old driver who has $500 deductibles is $974
- Choosing low $100 deductibles will cost an extra $156 every year
- At-risk drivers with multiple violations and an at-fault accident could pay up to $2,092 or more
- The cost for full coverage for a teen driver can cost as much as $3,940
Auto insurance rates for a Volvo S40 can also vary considerably based on your driver profile, the model year and trim level, and liability limits and deductibles.
Older drivers with a good driving record and high deductibles may pay as little as $900 every 12 months on average for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay at least $3,900 a year. View Rates by Age
Where you live also has a big influence on Volvo S40 insurance prices. A middle-age driver might find rates as low as $640 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,320 on average in Florida, New York, and Michigan.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Choosing high deductibles can reduce rates by up to $240 every year, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are probably paying $1,200 to $1,600 in extra premium per year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 41% to 137% more than average. View High Risk Driver Rates
With so much variability in rates, the only way to figure out which company is cheapest is to get quotes and see which company has the best rate. Every auto insurance company uses a different rate calculation, and quoted rates can be significantly different from one company to the next.
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 Find Low Cost Volvo S40 Insurance
Saving money on car insurance consists of having a good driving record, having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Make time to compare rates every time your policy renews by getting quotes from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.
The next list is a review of the information touched on in this article.
- It is possible to save approximately $110 per year simply by quoting early and online
- Drivers age 20 and younger are the costliest to insure, costing up to $328 per month if they have full coverage
- Increasing deductibles can save around $250 each year
- Higher risk drivers who have several accidents or serious violations pay on average $1,120 more annually to buy Volvo S40 insurance
- Policyholders who want increased levels of liability coverage will pay about $510 annually to raise from a minimum limit to 250/500 limits
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.
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