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.

Estimated insurance rates for a Volvo S40 are $908 a year for full coverage. Comprehensive insurance costs approximately $138, collision insurance costs $170, and liability costs $442. A policy with only liability insurance costs as little as $496 a year, and a high-risk policy costs $1,950 or more. 16-year-old drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Prices are based on $500 deductible amounts, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and for all S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can have significant affects on car insurance rates. Rural locations are statistically proven to have a lower frequency of accident claims than congested cities. The example below illustrates the effect of geographic area on auto insurance prices.

These rate differences show why everyone should compare rates using their specific location and risk profile, instead of using rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $560
• Drivers who choose higher $1,000 deductibles will pay $72 a year
• The average rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Buying pricier low deductibles for comprehensive and collision insurance will cost an extra $132 every year
• Higher-risk drivers with multiple tickets or accidents could pay around $1,950
• An auto insurance policy for full coverage for a teen driver for full coverage can cost $3,718 a year

View Chart as Image

Car insurance prices for a Volvo S40 also have a wide range based on your driving characteristics, the trim level of your S40, and physical damage deductibles and liability limits.

A more mature driver with no driving violations and high deductibles may pay as little as $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will be charged in the ballpark of $3,700 a year. View Rates by Age

Where you choose to live makes a big difference in Volvo S40 insurance prices. A 40-year-old driver could pay as low as $600 a year in states like Iowa, Maine, and Idaho, or at least $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could save up to $210 every year, whereas buying more liability protection will push prices upward. Going from a 50/100 limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying anywhere from $1,100 to $1,500 extra annually, depending on your age. Volvo S40 insurance for high-risk drivers can cost as much as 40% to 134% more than the average rate. 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 Affordable Volvo S40 Insurance

Finding better rates on car insurance not only requires having a good driving record, but also having above-average credit, not filing small claims, and attention to physical damage deductibles. Take the time to compare rates every year by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The next list is a brief review of the coverage data covered in the above illustrations.

• Drivers can save around $100 per year just by quoting online well ahead of the renewal date
• Increasing policy deductibles can save around $200 each year
• Drivers age 20 and younger pay the highest auto insurance prices, as much as $310 per month if full coverage is included
• Higher risk drivers with DUI or reckless driving convictions may pay on average $1,040 more per year to buy Volvo S40 insurance

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.