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 prices for a Volvo S40 are $908 every 12 months including full coverage. Comprehensive insurance costs approximately $138, collision costs $170, and liability coverage costs $442. A policy with just liability insurance costs as little as $496 a year, with coverage for high-risk drivers costing $1,950 or more. Teenage drivers receive the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Prices include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for all S40 models.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on car insurance prices. Rural locations tend to have more infrequent comprehensive and collision claims than densely populated cities.

The example below illustrates the effect of geographic area on auto insurance prices.

These examples highlight why everyone should compare rates using their specific location and their own driving history, rather than using average rates.

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

Additional Rate Analysis

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

• The best discount rate is $560
• Drivers who choose higher $1,000 deductibles will pay $72 every year
• The average price for a 40-year-old driver who chooses $500 deductibles is $908
• Using pricier low deductibles for comprehensive and collision insurance costs an extra $132 each year
• High-risk insureds who are prone to accidents and violations could pay around $1,950 or more
• The cost to insure a teenage driver for full coverage can cost $3,718 a year

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Insurance rates for a Volvo S40 can also vary considerably based on policy deductibles and limits, your driving characteristics, and the model of your S40.

Using high physical damage deductibles could save up to $210 a year, whereas buying more liability protection will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $398 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may only pay around $900 per year on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying anywhere from $1,100 to $1,500 additional per year, depending on your age. Volvo S40 insurance for high-risk drivers can cost around 40% to 134% more than a normal policy. View High Risk Driver Rates

Where you live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

With so much variability in rates, the best way to figure out who has the best auto insurance rates is to regularly compare rates and see how they stack up. Every company uses a different method to calculate rates, and rates can be significantly 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 the Right Volvo S40 Insurance

Saving money on auto insurance not only requires having a decent driving record, but also having above-average credit, not filing small claims, and qualifying for all possible discounts. Take the time to compare rates at every policy renewal by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local car insurance providers.

The following items are a quick rundown of the data covered in the above illustrations.

• Consumers who purchase additional liability coverage will pay an extra $490 per year to go from a minimum limit to a 250/500 level
• You may be able to save around $100 per year simply by quoting online well ahead of the renewal date
• Increasing deductibles could save as much as $200 each year
• 16 to 18-year-old drivers are the costliest to insure, as much as $310 per month if full coverage is included

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.