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.

Average insurance rates for a Volvo S40 are $908 a year including full coverage. Comprehensive insurance costs approximately $138 each year, collision insurance costs $170, and liability insurance costs $442. Buying just liability costs as little as $496 a year, and insurance for high-risk drivers costs $1,950 or more. Teens receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Estimates include $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 U.S. states and S40 models.

Price Range by Coverage and Risk

Price Range by Location

Your location has a significant impact on car insurance prices. Rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The graphic below illustrates how where you live affects auto insurance prices.

These examples highlight why all drivers should compare rates using their specific location and risk profile, rather than relying on averaged prices.

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

Additional Rate Information

The chart below breaks down average Volvo S40 insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $560
• Drivers who choose higher $1,000 deductibles will pay $72 every year
• The average rate for a 40-year-old driver who chooses $500 deductibles is $908
• Selecting low deductibles for comprehensive and collision insurance will cost an extra $132 a year
• High risk drivers with serious driving violations could pay around $1,950
• The cost for full coverage for a teen driver can cost $3,718 a year

View Chart as Image

Auto insurance rates for a Volvo S40 can also vary considerably based on your driver profile, the model of your S40, and physical damage deductibles and liability limits.

More mature drivers with a good driving record and high deductibles could pay as little as $900 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

Where you live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $210 each year, whereas increasing liability limits will push rates upward. Changing from a 50/100 limit to a 250/500 limit will cost as much as $398 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying anywhere from $1,100 to $1,500 in extra premium per year, depending on your age. Insurance for high-risk drivers can cost anywhere from 40% to 134% more than the average policy. View High Risk Driver Rates

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 Find Low Cost Volvo S40 Insurance

Saving money on Volvo S40 insurance not only requires being a low-risk driver, but also having good credit, not filing small claims, and possibly higher deductibles. Take the time to comparison shop every time your policy renews by requesting quotes from direct car insurance companies like GEICO and Progressive, and also from insurance agencies where you live.

The items below are a review of the information touched on in the above illustrations.

• You may be able to save around $100 per year just by quoting online in advance
• Teen drivers have the highest car insurance rates, as much as $310 per month if they have full coverage
• Increasing deductibles can save around $200 each year
• High-risk drivers who have several accidents or serious violations could be forced to pay on average $1,040 more per year to insure their S40
• Drivers who purchase more liability coverage will pay approximately $490 per year to go 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.

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.