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 including full coverage. Comprehensive costs around $138 each year, collision costs $170, and liability coverage costs around $442. Buying just liability costs as low as $496 a year, with insurance for high-risk drivers costing around $1,950. Teenage drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates for type of insurance:

These estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 U.S. states and S40 models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than densely populated cities.

The graphic below illustrates how your location can change auto insurance rates.

The examples above highlight why all drivers should compare prices for a specific zip code, rather than using average rates.

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

More Rate Information

The chart below breaks down estimated Volvo S40 insurance rates for additional coverage choices and driver risks.

• The best discount rate is $560
• Using higher $1,000 deductibles will save about $72 every year
• The estimated price for a good driver age 40 using $500 deductibles is $908
• Using low deductibles for physical damage coverage bumps up the cost to $1,040
• Higher-risk drivers who are prone to accidents and violations could pay at least $1,950 or more
• Policy cost that insures a teenage driver can be $3,718 or more

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on the trim level and model year, your driving record and age, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at least $1,100 to $1,500 extra every year, depending on your age. Insurance for high-risk drivers can be around 40% to 134% more than a normal policy. View High Risk Driver Rates

More mature drivers with a clean driving record 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 can expect to pay as much as $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 $700 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,300 on average in Michigan, New York, and Louisiana.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $210 a year, whereas increasing liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out your exact price is to do a rate comparison and see how they stack up. Each insurance company uses a different method to calculate rates, so the rates will be varied.

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 Cheap Volvo S40 Insurance

Finding cheaper rates on auto insurance requires being a low-risk driver, having above-average credit, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Compare prices at every other renewal by quoting rates from direct car insurance companies, and also from local insurance agencies.

The items below are a brief summary of the concepts that were illustrated above.

• Drivers that tend to have accidents or serious violations may have to pay on average $1,040 more every year to insure their S40
• Teen drivers pay higher rates, with premiums being up to $310 each month if full coverage is included
• You may be able to save up to $100 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save approximately $200 each year
• You may be able to save up to $100 per year simply by quoting online in advance

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.