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.

U.S. average insurance rates for a Volvo S40 are $908 a year with full coverage. Comprehensive costs around $138 each year, collision costs $170, and liability coverage is $442. Buying just liability costs around $496 a year, with insurance for high-risk drivers costing around $1,950. Teen drivers pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates for individual coverage:

Includes $500 policy deductibles, 30/60 liability coverage, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and S40 models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on insurance rates. Areas with sparse population have lower incidents of collision claims than larger metro areas.

The graphic below illustrates how where you live affects auto insurance rates.

The ranges above demonstrate why all drivers should compare rates quotes for a specific zip code, rather than using price averages.

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

Rate Comparisons

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

• The lowest rate with discounts is $560
• Raising to $1,000 deductibles will save about $72 annually
• The estimated price for the average middle-age driver using $500 deductibles is $908
• Choosing low deductibles bumps up the cost to $1,040
• Unlucky drivers with multiple violations and an at-fault accident could pay at least $1,950 or more
• The price that insures a teenage driver can be $3,718

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on the trim level and model year, your age and driving habits, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you may be forking out at least $1,100 to $1,500 additional each year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 40% to 134% more than average. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay as much as $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices as low as $660 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles can reduce prices by up to $210 a year, whereas increasing liability limits will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the best way to find out your exact price is to do a rate comparison and see how they stack up. Every auto insurance company uses a different rate calculation, and prices may be quite different.

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

Getting lower rates on auto insurance consists of being a good driver, having a good credit score, avoid buying unnecessary coverage, and taking advantage of discounts. Shop around every year by requesting rates from direct companies, and also from your local independent and exclusive agents.

The following list is a recap of the coverage data touched on in the above illustrations.

• You may be able to save up to $100 per year simply by quoting online in advance
• Increasing physical damage deductibles can save approximately $200 each year
• Drivers age 16 to 20 are charged the highest prices, costing up to $310 a month if comprehensive and collision insurance is included
• Drivers that have major violations or accidents may pay on average $1,040 more every year than a safer driver

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.