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 including full coverage. Comprehensive costs an estimated $138 each year, collision insurance costs $170, and liability coverage is $442. Buying just liability costs around $496 a year, and insurance for high-risk drivers costs around $1,950. Teenage drivers pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates broken down by individual coverage:

Estimates include $500 physical damage deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 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 the price of auto insurance. More rural locations have a lower frequency of comprehensive and collision claims than densely populated cities. The graphic below illustrates the difference between rural and urban areas on insurance prices.

The ranges above highlight why all drivers should compare rates quotes for a targeted area and risk profile, rather than using average rates.

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

Additional Charts and Tables

The chart below breaks down average Volvo S40 insurance rates for other coverage scenarios.

• The best discount rate is $560
• Raising to $1,000 deductibles will save approximately $72 every year
• The average rate for the average middle-age driver who has $500 deductibles is $908
• Using low deductibles will increase the cost to $1,040
• Unlucky drivers who are prone to accidents and violations could pay up to $1,950
• The price for full coverage for a teenage driver can cost as much as $3,718

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on your driving record, the model of your S40, and liability limits and deductibles.

More mature drivers with no violations or accidents and high deductibles may only pay around $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers should be prepared to pay at least $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 $700 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can reduce prices by up to $210 a year, whereas increasing liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying $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 a normal 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

Getting lower rates on auto insurance consists of being a safe and courteous driver, having a good credit history, being claim-free, and possibly raising deductibles. Set aside time to compare rates once a year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

Below is a review of the data that was covered above.

• You may be able to save approximately $100 per year just by quoting online in advance
• Consumers who want higher levels of liability will pay an extra $490 per year to raise from a low limit to 250/500 limits
• Teenage drivers are expensive to insure, possibly costing $310 a month including comprehensive and collision insurance
• Drivers who have several accidents or serious violations may pay on average $1,040 more annually for auto 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.