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.

The average insurance rates for a Volvo S40 are $908 a year for full coverage. Comprehensive costs approximately $138 a year, collision insurance costs $170, and liability coverage costs around $442. A liability-only policy costs as low as $496 a year, and high-risk insurance costs around $1,950. Teenage drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates by type of insurance:

Includes $500 comprehensive and collision deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural locations are shown to have lower incidents of accident claims than densely populated cities. The diagram below illustrates how where you live affects auto insurance prices.

The examples above show why it is important to compare prices using their specific location, rather than using average rates.

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

Additional Charts and Tables

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

• The best discount rate is $560
• Using higher $1,000 deductibles will save $836 a year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $908
• Using low $100 deductibles for physical damage coverage bumps up the cost to $1,040
• Higher-risk drivers who are prone to accidents and violations could pay around $1,950
• Policy cost that insures a teenage driver can cost $3,718 or more

View Chart as Image

Car insurance rates for a Volvo S40 also range considerably based on the trim level of your S40, how you drive, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you could be paying anywhere from $1,100 to $1,500 extra every year, depending on your age. A high-risk auto insurance policy can be around 40% to 134% more than a normal policy. View High Risk Driver Rates

Older drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will be charged in the ballpark of $3,700 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see rates as low as $600 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $210 a year, while buying higher liability limits will push rates upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

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 the Cheapest Volvo S40 Insurance

Finding cheaper rates on auto insurance requires avoiding accidents and violations, having a positive credit history, avoid buying unnecessary coverage, and attention to physical damage deductibles. Compare prices every couple of years by requesting quotes from direct carriers, and also from insurance agencies where you live.

The list below is a recap of the material that was touched on in the above illustrations.

• Consumers who purchase higher liability limits will pay an extra $490 each year to increase from a 30/60 limit to the 250/500 level
• Teenagers pay the highest auto insurance rates, costing up to $310 each month if full coverage is purchased
• Drivers that have major violations or accidents could be forced to pay on average $1,040 more per year for car insurance
• Increasing comprehensive and collision deductibles can save approximately $200 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.

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.