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 auto insurance rates for a Volvo S40 are $908 annually for full coverage. Comprehensive costs on average $138 a year, collision insurance costs $170, and liability costs $442. Buying just liability costs as little as $496 a year, and insurance for high-risk drivers costs around $1,950. 16-year-old drivers pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates by individual coverage:

Estimates include $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and S40 trim levels.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on car insurance rates. Rural areas have fewer accident claims than congested cities. The diagram below illustrates the effect of geographic area on car insurance rates.

The ranges above show why it is important to compare rates based on a specific location and their own personal driving habits, instead of making a decision based on rate averages.

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

Additional Rate Details

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

• The best full coverage rate is $560
• Drivers who choose higher $1,000 deductibles will pay around $836 a year
• The estimated rate for the average middle-age driver with $500 deductibles is $908
• Buying low $100 deductibles for comprehensive and collision insurance will cost $1,040
• Drivers with multiple tickets or accidents could pay upwards of $1,950
• The price with full coverage for a 16-year-old driver may cost $3,718 a year

View Chart as Image

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

Older drivers with no violations or accidents and high physical damage deductibles may pay as low as $900 per year on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they should be prepared to pay upwards of $3,700 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you could be paying at a minimum $1,100 to $1,500 additional each year, depending on your age. A high-risk auto insurance policy can cost from 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could save up to $210 annually, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

The state you live in 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 Idaho, Maine, and Iowa, or at least $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 Buy Low Cost Volvo S40 Insurance

Getting lower rates on insurance for a Volvo S40 not only requires being a low-risk driver, but also having good credit, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Take the time to compare rates every time your policy renews by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The items below are a review of the information covered in the above illustrations.

• Drivers can save as much as $100 per year just by quoting early and online
• Teen drivers pay higher prices, with premiums as much as $310 a month if they have full coverage
• Increasing physical damage deductibles could save up to $200 each year
• Drivers considered higher risk who have several accidents or serious violations may be required to pay an average of $1,040 more each year to insure their S40
• Insureds who require more liability coverage will pay around $490 each year to go from a low limit to higher 250/500 limits

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.