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.

Estimated insurance rates for a Volvo S40 are $908 a year with full coverage. Comprehensive costs approximately $138 a year, collision insurance costs $170, and liability is estimated at $442. Liability-only coverage costs approximately $496 a year, and high-risk coverage costs around $1,950. Teen drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Rates are based on $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Rates include averaging for all U.S. states and S40 trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on the price of insurance. Rural locations are statistically proven to have lower incidents of collision claims than larger metro areas. The diagram below illustrates how rural and urban location affects auto insurance prices.

These rate differences demonstrate why it is important to get quotes using their specific location, instead of using price averages.

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

More Rate Details

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

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save $836 annually
• The estimated price for a 40-year-old good driver who chooses $500 deductibles is $908
• Choosing low $100 deductibles for comp and collision coverage bumps up the cost to $1,040
• Unlucky drivers with multiple violations and an at-fault accident could pay around $1,950
• An auto insurance policy that insures a teen driver can cost $3,718 each year

View Chart as Image

Insurance prices for a Volvo S40 also have a wide range based on the trim level of your S40, your age and driving habits, and physical damage deductibles and liability limits.

If you have a few violations or you caused an accident, you may be forking out anywhere from $1,100 to $1,500 extra annually, depending on your age. A high-risk auto insurance policy ranges as much as 40% to 134% more than average. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $900 annually on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records can expect to pay in the ballpark of $3,700 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $660 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,230 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles can save as much as $210 every year, while buying higher liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 more per year. View Rates by Deductible or Liability Limit

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

Finding better rates on car insurance takes being a safe and courteous driver, having above-average credit, being claim-free, and possibly raising deductibles. Shop around every other policy renewal by requesting rates from direct companies, and also from local insurance agencies.

Below is a quick review of the ideas that were raised in the charts and tables above.

• Teenage drivers are expensive to insure, possibly costing $310 per month if full coverage is included
• Higher risk drivers with a DUI or reckless driving violation may have to pay on average $1,040 more per year for auto insurance
• Increasing policy deductibles can save approximately $200 each year
• You may be able to save around $100 per year just by quoting early and online

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.