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.

Average insurance rates for a Volvo S40 are $908 a year including full coverage. Comprehensive insurance costs an estimated $138, collision insurance costs $170, and liability costs around $442. A policy with just liability insurance costs as low as $496 a year, and coverage for high-risk drivers costs $1,950 or more. Teen drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates broken down by individual coverage type:

These estimates include $500 deductible amounts, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and for different S40 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on the price of auto insurance. More rural locations tend to have lower incidents of comprehensive and collision claims than larger metro areas. The price range example below illustrates the difference between rural and urban areas on insurance prices.

These examples highlight why anyone shopping for car insurance should compare prices for a targeted area, instead of making a decision based on price averages.

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

Rate Comparisons

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

• The lowest rate with discounts is $560
• Using higher $1,000 deductibles will save approximately $72 every year
• The estimated price for a 40-year-old driver who has $500 deductibles is $908
• Choosing more expensive low deductibles for physical damage coverage will cost an additional $132 annually
• High-risk insureds with multiple violations and an at-fault accident could pay up to $1,950
• The cost that insures a 16-year-old driver with full coverage can cost as much as $3,718 or more

View Chart as Image

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

If you like to drive fast or you caused an accident, you are likely paying $1,100 to $1,500 additional per year, depending on your age. High-risk driver insurance can be from 40% to 134% more than average. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $900 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay at least $3,700 a year. View Rates by Age

Where you live has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see rates as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing high deductibles could cut rates by as much as $210 annually, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $398 more each 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

Saving money on insurance for a Volvo S40 requires having a good driving record, having a good credit score, not filing small claims, and possibly raising deductibles. Shop around at least every other year by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.

The next list is a brief summary of the car insurance concepts covered above.

• Drivers considered higher risk that tend to have accidents or serious violations could be charged and average of $1,040 more annually to buy Volvo S40 insurance
• You may be able to save approximately $100 per year just by shopping early and online
• Increasing deductibles can save approximately $200 each year
• Insureds who want increased levels of liability coverage will pay about $490 per year to increase from a minimum limit 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.