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 auto insurance rates for a Volvo S40 are $908 annually for full coverage insurance. Comprehensive insurance costs approximately $138 each year, collision costs $170, and liability costs around $442. A policy with only liability insurance costs as low as $496 a year, with a high-risk policy costing $1,950 or more. Teenage drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Price estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all 50 states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can make a big difference on the price of auto insurance. Rural locations are statistically proven to have fewer physical damage claims than densely populated cities.

The graphic below illustrates how location impacts auto insurance prices.

These rate differences illustrate why all drivers should compare prices using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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

Additional Rate Details

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

• The best discount rate is $560
• Using higher $1,000 deductibles will save $72 each year
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Using low deductibles for physical damage coverage costs an additional $132 annually
• High-risk insureds who are prone to accidents and violations could pay around $1,950 or more
• An auto insurance policy with full coverage for a 16-year-old driver can cost $3,718 or more

View Chart as Image

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

More mature drivers with no driving violations and high physical damage deductibles may pay as low as $900 a year, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will be charged in the ballpark of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying anywhere from $1,100 to $1,500 extra annually, depending on your age. Insurance for high-risk drivers can be from 40% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut prices by as much as $210 annually, whereas increasing liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

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 North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

With such a large range in prices, the only way to figure out who has the best car insurance prices is to do a rate comparison from multiple companies. Each insurance company uses a different method to calculate prices, so rate quotes will be substantially different between companies.

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 Buy Cheaper Volvo S40 Insurance

Finding better rates on insurance for a Volvo S40 requires being safe and accident-free, having a good credit score, paying for small claims out-of-pocket, and avoiding coverage lapses. Spend time shopping around once a year by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.

Below you'll find a condensed summary of the data that was touched on above.

• It is possible to save around $100 per year simply by quoting online in advance
• Insureds who purchase more liability protection will pay an extra $490 annually to increase from 30/60 bodily injury limits to higher 250/500 limits
• Youthful drivers pay the highest auto insurance prices, with premiums being up to $310 per month if comprehensive and collision insurance is included
• Drivers considered higher risk with multiple at-fault accidents could be forced to pay on average $1,040 more per year than a low-risk driver

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.