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.

The average auto insurance rates for a Volvo S40 are $908 annually with full coverage. Comprehensive insurance costs on average $138 each year, collision insurance costs $170, and liability costs $442. Buying just liability costs as little as $496 a year, and insurance for high-risk drivers costs $1,950 or more. Teenage drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on auto insurance rates. Rural areas are shown to have fewer collision claims than densely populated cities. The graphic below illustrates how location helps determine car insurance rates.

The examples above demonstrate why all drivers should compare rates based on a specific location and their own personal driving habits, instead of using average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $560
• Drivers who choose higher $1,000 deductibles will pay around $72 annually
• The estimated rate for a good driver age 40 with $500 deductibles is $908
• Using low deductibles for comprehensive and collision insurance costs an additional $132 every year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $1,950
• Policy cost with full coverage for a teen driver may cost $3,718 a year

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on the model year and trim level, your driving record, and policy deductibles and limits.

More mature drivers with a clean driving record and high physical damage deductibles may pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they can expect to pay upwards of $3,700 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you may be forking out at a minimum $1,100 to $1,500 extra every year, depending on your age. Insurance for high-risk drivers can cost as much as 40% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $210 every year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $398 more per year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Volvo S40 insurance prices. A 40-year-old driver could pay as low as $660 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

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 More Affordable Volvo S40 Insurance

Finding cheaper rates on car insurance not only requires being a low-risk driver, but also having a good credit history, not filing small claims, and determing if full coverage is necessary. Invest time comparing rates at least once a year by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

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

• You may be able to save as much as $100 per year just by quoting online in advance
• Higher risk drivers who have multiple accidents or major violations pay an average of $1,040 more each year to insure their S40
• Increasing comprehensive and collision deductibles could save up to $200 each year
• Teen drivers pay the highest rates, as much as $310 each month including comprehensive and collision insurance

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.