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 prices for a Volvo S40 are $908 every 12 months with full coverage. Comprehensive costs approximately $138 a year, collision costs $170, and liability costs around $442. A policy with just liability insurance costs as low as $496 a year, with coverage 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 by individual coverage:

Price estimates include $500 physical damage deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and S40 trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on the price of insurance. Rural locations have more infrequent collision claims than larger metro areas.

The diagram below illustrates how location impacts auto insurance prices.

The ranges above demonstrate why it is important to compare prices using their specific location and their own driving history, instead of using price averages.

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

Additional Rate Details

The chart below details estimated Volvo S40 insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $560
• Using higher $1,000 deductibles will save $836 annually
• The average price for the average middle-age driver who chooses $500 deductibles is $908
• Choosing low $100 deductibles for physical damage coverage increases the price to $1,040
• Drivers with multiple violations and an at-fault accident could pay around $1,950 or more
• The price to insure a teen driver can cost $3,718 or more

View Chart as Image

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

Choosing high deductibles could cut prices by as much as $210 every year, while buying higher liability limits will push prices upward. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as little as $900 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out anywhere from $1,100 to $1,500 extra each year, depending on your age. A high-risk auto insurance policy can be as much as 40% to 134% more than average. View High Risk Driver Rates

The state you live in has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see prices as low as $660 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,230 on average in New York, Michigan, and Florida.

View Chart as Image

Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to get quotes and see which company has the best price. Each insurance company uses a different rate calculation, so the 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 Shop for Cheaper Volvo S40 Insurance

Getting lower rates on car insurance requires being a safe and courteous driver, having good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Spend time shopping around every couple of years by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

Below is a condensed summary of the material that was touched on above.

• Policyholders who purchase higher levels of liability will pay about $490 every year to increase from a low limit to a 250/500 level
• Teenage drivers are expensive to insure, costing up to $310 a month if they have full coverage
• Higher risk drivers with multiple at-fault accidents could be forced to pay on average $1,040 more per year for auto insurance
• Increasing physical damage deductibles could save as much as $200 each year

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.