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 around $138 each year, collision insurance costs $170, and liability costs around $442. A liability-only policy costs as low as $496 a year, and high-risk insurance costs $1,950 or more. Teenage drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates for type of coverage:

These estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can have significant affects on auto insurance rates. Areas with sparse population are statistically proven to have lower incidents of accident claims than densely populated cities. The graphic below illustrates how rural and urban location affects auto insurance rates.

These rate differences show why all drivers should compare prices for a specific zip code, instead of using average rates.

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

Rates by State, City, and Model

The chart below shows average 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 a year
• The estimated price for a 40-year-old good driver using $500 deductibles is $908
• Using low deductibles for physical damage coverage will cost an additional $132 every year
• Drivers who are prone to accidents and violations could pay at least $1,950
• An auto insurance policy that insures a teen driver can be $3,718 or more

View Chart as Image

Auto insurance prices for a Volvo S40 also have a wide range based on the trim level and model year, how you drive, and deductibles and policy limits.

If you have a few violations or you caused an accident, you could be paying at least $1,100 to $1,500 in extra premium annually, depending on your age. Insurance for high-risk drivers can be as much as 40% to 134% more than a normal policy. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records will have to pay as much as $3,700 a year. View Rates by Age

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

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $210 every year, whereas increasing liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 extra every year. 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 Cheap Volvo S40 Insurance

Finding better rates on car insurance requires being a safe and courteous driver, maintaining a good credit score, not filing small claims, and possibly raising deductibles. Compare prices at least every other year by getting quotes from direct carriers, and also from several local insurance agents.

Below is a brief summary of the car insurance concepts raised in the charts and tables above.

• Higher risk drivers that tend to have accidents or serious violations pay on average $1,040 more every year for auto insurance
• Drivers can save up to $100 per year just by quoting online in advance
• Increasing policy deductibles can save approximately $200 each year
• Policyholders who may need higher levels of liability will pay an extra $490 each year to increase from 30/60 bodily injury limits to the 250/500 level

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.