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 insurance rates for a Volvo S40 are $908 a year with full coverage. Comprehensive costs approximately $138, collision insurance costs $170, and liability insurance is $442. A liability-only policy costs around $496 a year, and high-risk insurance costs around $1,950. Teen drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

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

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a significant impact on the price of insurance. Rural locations are statistically proven to have a lower frequency of collision claims than larger metro areas. The example below illustrates how where you live affects auto insurance prices.

These rate differences demonstrate why everyone should compare rates quotes using their specific location and risk profile, rather than relying on price averages.

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

Additional Rate Details

The chart below details average Volvo S40 insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $560
• Raising to $1,000 deductibles will save $72 annually
• The average rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Choosing pricier low deductibles will increase the cost to $1,040
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $1,950
• An auto insurance policy for full coverage for a teen driver for full coverage can cost $3,718

View Chart as Image

Auto insurance prices for a Volvo S40 also have a wide range based on your driving characteristics, the trim level and model year, and physical damage deductibles and liability limits.

A more mature driver with a good driving record and high deductibles could pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

Where you choose to live also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices 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 reduce prices by up to $210 each year, whereas buying more liability protection will push prices upward. Moving from a 50/100 limit to a 250/500 limit will cost up to $398 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you may be forking out anywhere from $1,100 to $1,500 in extra premium annually, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost anywhere from 40% to 134% more than average. 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 the Cheapest Volvo S40 Insurance

Finding better rates on Volvo S40 insurance consists of being a good driver, having good credit, being claim-free, and possibly higher deductibles. Take the time to comparison shop once a year by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following list is a recap of the data that was touched on in the above illustrations.

• You may be able to save around $100 per year just by quoting online well ahead of the renewal date
• Drivers who purchase an increased level of liability coverage will pay about $490 every year to raise from 30/60 bodily injury limits to 250/500 limits
• Drivers age 16 to 20 have the highest car insurance prices, possibly costing $310 per month if they have full coverage
• High-risk drivers that have major violations or accidents pay on average $1,040 more per year than a safer 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.