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 for full coverage insurance. Comprehensive costs around $138, collision costs $170, and liability costs $442. Buying just liability costs as little as $496 a year, with insurance for high-risk drivers costing around $1,950. Teenage drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates for type of insurance:

Estimates include $500 physical damage deductibles, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and for all S40 models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Areas with sparse population are shown to have fewer physical damage claims than densely populated cities.

The example below illustrates how geographic area affects auto insurance rates.

The examples above illustrate why everyone should compare rates for a specific zip code and their own personal driving habits, instead of making a decision based on average rates.

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

More Rate Information

The chart below illustrates estimated Volvo S40 insurance rates for additional coverage choices and driver risks.

• The best discount rate is $560
• Drivers who choose higher $1,000 deductibles will pay about $72 each year
• The estimated rate for a good driver age 40 using $500 deductibles is $908
• Using pricier low deductibles for comprehensive and collision insurance will cost $1,040
• Drivers who are prone to accidents and violations could pay at least $1,950 or more
• Policy cost with full coverage for a 16-year-old driver for full coverage can be $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 risk profile, and deductibles and policy limits.

A more mature driver with a clean driving record and high physical damage deductibles may pay as low 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 as much as $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 are probably paying at least $1,100 to $1,500 extra every year, depending on your age. Volvo S40 insurance for high-risk drivers can cost from 40% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $210 annually, whereas buying more liability protection will increase rates. Switching 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 $600 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,230 on average in Michigan, New York, and Florida.

View Chart as Image

Because rates have so much variability, the only way to figure out your exact price is to regularly compare rates from multiple companies. Every company uses a different method to calculate rates, so the rates will be varied between companies.

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 Low Cost Volvo S40 Insurance

Finding cheaper rates on insurance for a Volvo S40 not only requires being a safe and courteous driver, but also having a good credit history, being claim-free, and insuring your home and auto with the same company. Invest the time to compare rates once a year by getting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Below is a review of the data that was presented in the illustrations above.

• It is possible to save up to $100 per year simply by quoting online well ahead of the renewal date
• Insureds who may need higher levels of liability will pay an extra $490 annually to go from a 30/60 limit to higher 250/500 limits
• Teenage drivers pay higher rates, possibly costing $310 each month including comprehensive and collision insurance
• Drivers considered higher risk who have several accidents or serious violations pay on average $1,040 more every year for auto 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.