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 rates for a Volvo S40 are $908 a year with full coverage. Comprehensive costs approximately $138, collision costs $170, and liability coverage is estimated at $442. Liability-only coverage costs approximately $496 a year, with high-risk coverage 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:

Includes $500 comprehensive and collision deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and for different S40 trim levels.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on the price of insurance. Rural locations have lower incidents of collision claims than larger metro areas.

The price range example below illustrates how where you live affects auto insurance prices.

The ranges above demonstrate why anyone shopping for car insurance should get quotes using their specific location, rather than 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
• Choosing higher $1,000 deductibles can save $72 annually
• The estimated price for the average middle-age driver who chooses $500 deductibles is $908
• Choosing more expensive low deductibles for comp and collision coverage bumps up the cost to $1,040
• Drivers with multiple violations and an at-fault accident could pay around $1,950 or more
• The price that insures a teenage driver with full coverage can cost $3,718 each year

View Chart as Image

Auto insurance prices for a Volvo S40 are also quite variable based on the model year and trim level, your age and driving habits, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you may be forking out anywhere from $1,100 to $1,500 in extra premium each year, depending on your age. High-risk driver insurance ranges around 40% to 134% more than average. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may only pay around $900 annually on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay in the ballpark of $3,700 a year. View Rates by Age

The state you live in plays a big part in determining prices for Volvo S40 insurance rates. A good driver about age 40 could pay 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

Choosing high deductibles can save as much as $210 a year, while increasing your policy's liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to compare prices and see how they stack up. Each auto insurer uses a different rate calculation, and quoted 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 Find the Cheapest Volvo S40 Insurance

Getting lower rates on auto insurance takes having a decent driving record, maintaining a good credit score, avoid buying unnecessary coverage, and not having any coverage lapses. Shop around every couple of years by getting rate quotes from direct companies, and also from local insurance agencies.

The following items are a recap of the material that was touched on in the above illustrations.

• Consumers who purchase additional liability coverage will pay about $490 every year to raise limits from a low limit to the 250/500 level
• 16 to 18-year-old drivers have the highest car insurance prices, costing up to $310 a month if the policy includes full coverage
• Drivers that have major violations or accidents may have to pay on average $1,040 more per year than a driver with a clean driving record
• Increasing physical damage deductibles can save approximately $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.