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 with full coverage. Comprehensive insurance costs approximately $138 each year, collision insurance costs $170, and liability is $442. A policy with just liability insurance costs around $496 a year, and coverage 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:

Price estimates include $500 deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and S40 models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can make a big difference on the price of insurance. Rural locations have more infrequent collision claims than densely populated cities. The graphic below illustrates how location impacts auto insurance prices.

The ranges above demonstrate why all drivers should compare rates quotes using their specific location and their own driving history, instead of making a decision based on average rates.

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

Additional Charts and Tables

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

• The best discount rate is $560
• Raising to $1,000 deductibles will save $72 annually
• The average price for the average middle-age driver who chooses $500 deductibles is $908
• Using low deductibles costs an extra $132 annually
• Drivers who are prone to accidents and violations could pay around $1,950
• The price to insure a 16-year-old driver can cost $3,718

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driving record, and the model of your S40.

Using high physical damage deductibles can reduce prices by up to $210 annually, whereas increasing liability limits will push prices upward. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles may pay as low as $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out anywhere from $1,100 to $1,500 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 40% to 134% more than a normal policy. View High Risk Driver Rates

The state you live in also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $660 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,230 on average in New York, Michigan, and Florida.

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 Cheaper Volvo S40 Insurance

Getting lower rates on insurance for a Volvo S40 consists of not taking risks behind the wheel, having good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Spend time shopping around every year by getting quotes from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following is a condensed summary of the coverage data touched on above.

• You may be able to save around $100 per year just by quoting online in advance
• Increasing physical damage deductibles could save as much as $200 each year
• Teens are expensive to insure, costing up to $310 a month if they have full coverage
• Drivers considered higher risk with multiple at-fault accidents could be forced to pay on average $1,040 more per year for S40 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.