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 rates for a Volvo S40 are $908 a year with full coverage. Comprehensive insurance costs on average $138, collision insurance costs $170, and liability is $442. Liability-only coverage costs around $496 a year, and high-risk coverage costs $1,950 or more. 16-year-old drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Rates are based on $500 policy deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all U.S. states and for all S40 models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on auto insurance rates. Rural areas tend to have a lower frequency of collision claims than congested cities. The example below illustrates how location helps determine car insurance rates.

These examples demonstrate why everyone should compare rates quotes based on a specific location and risk profile, instead of using rate averages.

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

Rates by State, City, and Model

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save around $72 annually
• The average rate for a 40-year-old driver with $500 deductibles is $908
• Buying pricier low deductibles will cost an extra $132 every year
• At-risk drivers with multiple tickets or accidents could pay upwards of $1,950
• The cost for full coverage for a teen driver for full coverage may cost $3,718

View Chart as Image

Car insurance rates for a Volvo S40 can also vary considerably based on your driver profile, the trim level and model year, and policy deductibles and limits.

A more mature driver with no driving violations and high deductibles may pay as little as $900 every 12 months on average for full coverage. Rates are highest for teen drivers, where even good drivers will be charged upwards of $3,700 a year. View Rates by Age

Where you live also has a big influence on Volvo S40 insurance prices. A middle-age driver might find rates 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 can reduce rates by up to $210 every year, whereas buying more liability protection will cost you more. Moving from a 50/100 limit to a 250/500 limit will cost as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out at a minimum $1,100 to $1,500 extra per year, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost as much as 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 the Best Cheap Volvo S40 Insurance

Saving money on car insurance consists of being a good driver, having above-average credit, eliminating unnecessary coverage, and possibly raising deductibles. Invest time comparing rates at every other renewal by requesting quotes from direct companies like GEICO and Progressive, and also from local insurance agents.

The following list is a quick review of the concepts that were covered in the charts and tables above.

• Higher risk drivers with a DUI or reckless driving violation may be required to pay an average of $1,040 more each year than a safer driver
• Drivers age 16 to 20 are expensive to insure, with premiums as much as $310 per month if full coverage is included
• You may be able to save as much as $100 per year just by quoting online well ahead of the renewal date
• Increasing deductibles can save around $200 each year
• You may be able to save as much as $100 per year just by quoting online well ahead of the renewal date

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.