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 prices for a Volvo S40 are $908 every 12 months for full coverage insurance. Comprehensive costs approximately $138, collision insurance costs $170, and liability is estimated at $442. Liability-only coverage costs approximately $496 a year, and high-risk coverage costs around $1,950. Teens pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Estimates include $500 deductible amounts, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all 50 states and for all S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. Rural locations are statistically proven to have more infrequent physical damage claims than cities with more traffic congestion. The example below illustrates how location impacts auto insurance prices.

These rate differences illustrate why everyone should get quotes using their specific location and their own driving history, instead of using averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $560
• Choosing higher $1,000 deductibles can save $72 each year
• The average price for a 40-year-old good driver who chooses $500 deductibles is $908
• Selecting pricier low deductibles for comp and collision coverage increases the price to $1,040
• Unlucky drivers with serious driving violations could pay around $1,950
• An auto insurance policy to insure a teen driver for full coverage can cost $3,718 each year

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Insurance prices for a Volvo S40 also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the model of your S40.

Choosing higher comprehensive and collision insurance deductibles can save as much as $210 every year, whereas buying more liability protection will push prices upward. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $398 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may pay as little as $900 annually on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying anywhere from $1,100 to $1,500 extra annually, depending on your age. Volvo S40 insurance for high-risk drivers ranges as much as 40% to 134% more than the average policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,230 on average in Florida, New York, and Michigan.

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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 Shop for Low Cost Volvo S40 Insurance

Finding better rates on car insurance takes having a good driving record, having good credit, paying for small claims out-of-pocket, and possibly raising deductibles. Spend time shopping around at every policy renewal by requesting quotes from direct insurance companies, and also from local insurance agencies.

The next list is a review of the data touched on above.

• Policyholders who purchase increased levels of liability coverage will pay approximately $490 annually to raise limits from 30/60 bodily injury limits to a 250/500 level
• It is possible to save around $100 per year just by quoting online well ahead of the renewal date
• Increasing policy deductibles could save as much as $200 each year
• Drivers age 20 and younger are expensive to insure, with premiums being up to $310 per month if they have full coverage

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.