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 insurance prices for a Volvo S40 are $908 every 12 months for full coverage. Comprehensive costs on average $138, collision costs $170, and liability insurance is estimated at $442. Buying just liability costs approximately $496 a year, with insurance for high-risk drivers costing around $1,950. Teen drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates by type of insurance:

Prices include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes uninsured motorist and medical coverage. Prices are averaged for all states and for all S40 models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. Rural areas are shown to have more infrequent accident claims than larger metro areas.

The example below illustrates how where you live affects car insurance rates.

The examples above show why everyone should get quotes based on a specific location and their own driving history, rather than relying on price averages.

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

Additional Rate Information

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

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save around $72 a year
• The average price for a good driver age 40 with $500 deductibles is $908
• Choosing pricier low deductibles for comp and collision coverage increases the price to $1,040
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $1,950 or more
• Policy cost to insure a teen driver for full coverage may cost $3,718 each year

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on liability limits and deductibles, your driver profile, and the trim level of your S40.

Choosing high deductibles can save as much as $210 each year, whereas buying more liability protection will cost you more. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $398 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles could pay as little as $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers 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 were responsible for an accident, you could be paying at a minimum $1,100 to $1,500 extra every year, depending on your age. Volvo S40 insurance for high-risk drivers ranges anywhere from 40% to 134% more than average. View High Risk Driver Rates

Your home state plays a big part in determining prices for Volvo S40 insurance rates. A good driver about age 40 could pay as low as $600 a year in states like Idaho, Maine, and Iowa, or as much as $1,300 on average in Michigan, Louisiana, and New York.

View Chart as Image

Because rates have so much variability, the only way to know exactly what you will pay is to regularly compare rates from as many companies as possible. Each auto insurer uses a different rate calculation, so the rates will be varied.

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 the Right Volvo S40 Insurance

Finding cheaper rates on Volvo S40 insurance takes having a decent driving record, having good credit, avoid buying unnecessary coverage, and bundling your home and auto policies. Take the time to comparison shop every year by requesting rates from direct carriers, and also from local independent and exclusive agents.

The following items are a quick rundown of the coverage data touched on in the above illustrations.

• Drivers can save as much as $100 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $200 each year
• 16 to 18-year-old drivers pay the highest rates, costing up to $310 each month if they have full coverage
• High-risk drivers with reckless driving or DUI convictions pay an average of $1,040 more each year than a driver with a clean driving record

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.