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 insurance costs on average $138, collision insurance costs $170, and liability insurance 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. 16-year-old drivers pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates by individual coverage:

Full coverage includes $500 physical damage insurance deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and for all S40 models.

Price Range from Low to High

Geographic Price Range

Where you live has a significant impact on auto insurance rates. Rural areas have a lower frequency of collision claims than congested cities. The example below illustrates the effect of geographic area on car insurance rates.

The ranges above demonstrate why everyone should compare prices based on a specific location and risk profile, rather than relying on rate averages.

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

Additional Charts and Tables

The chart below details average Volvo S40 insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $560
• Using higher $1,000 deductibles will save around $72 annually
• The average rate for the average middle-age driver with $500 deductibles is $908
• Buying pricier low deductibles for physical damage coverage will cost an extra $132 a year
• Drivers with multiple tickets or accidents could pay upwards of $1,950
• The price for full coverage for a teen driver for full coverage may cost $3,718 or more

View Chart as Image

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

A more mature driver with a clean driving record and high deductibles could pay as little as $900 a year for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay upwards of $3,700 a year. View Rates by Age

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

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $210 each year, whereas buying more liability protection will cost you more. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out at a minimum $1,100 to $1,500 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers can be anywhere from 40% to 134% more than the average rate. View High Risk Driver Rates

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 More Affordable Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance requires being a low-risk driver, maintaining good credit, avoid buying unnecessary coverage, and determing if full coverage is necessary. Take the time to compare rates at least once a year by requesting rates from direct companies like Progressive and GEICO, and also from local insurance agents.

The items below are a summary of the primary concepts that were covered in the above illustrations.

• You may be able to save as much as $100 per year just by quoting online well ahead of the renewal date
• High-risk drivers who have multiple accidents or major violations may be required to pay an average of $1,040 more each year to insure their S40
• Increasing physical damage deductibles can save around $200 each year
• Teen drivers pay the highest prices, costing up to $310 a month for full coverage

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.