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 prices for a Volvo S40 are $908 every 12 months for full coverage. Comprehensive insurance costs on average $138 each year, collision insurance costs $170, and liability insurance costs around $442. Buying just liability costs as low as $496 a year, and insurance for high-risk drivers costs $1,950 or more. Teenage 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 policy deductibles, liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all states and S40 models.

Price Range from Low to High

Geographic Price Range

Where you live has a significant impact on car insurance rates. Rural areas have more infrequent accident claims than densely populated cities. The graphic below illustrates how geographic area affects car insurance rates.

The ranges above show why all drivers should compare prices based on a specific location and their own driving history, rather than relying on average rates.

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

Rates by State, City, and Model

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

• The best discount rate is $560
• Using higher $1,000 deductibles will save around $72 a year
• The average price for the average middle-age driver with $500 deductibles is $908
• Using low deductibles for physical damage coverage costs an extra $132 a year
• Drivers who are prone to accidents and violations could pay upwards of $1,950
• The price to insure a teen driver may cost $3,718 or more

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driver profile, and the trim level of your S40.

Using high physical damage deductibles could cut prices by as much as $210 each year, whereas increasing liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles could pay as little as $900 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay upwards of $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying at a minimum $1,100 to $1,500 additional each year, depending on your age. Insurance for high-risk drivers can be anywhere from 40% to 134% more than a normal policy. View High Risk Driver Rates

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 $600 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,300 on average in Michigan, Louisiana, 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 Shop for More Affordable Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance requires being a good driver, having above-average credit, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Invest the time to compare rates once a year by quoting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The following list is a summary of the data that was presented in the illustrations above.

• Drivers can save as much as $100 per year just by quoting online in advance
• Drivers who require an increased level of liability coverage will pay an extra $490 each year to increase from a low limit to a 250/500 level
• Drivers age 16 to 20 pay higher prices, with premiums as much as $310 a month if full coverage is included
• High-risk drivers who have multiple accidents or major violations pay an average of $1,040 more each 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.