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 rates for a Volvo S40 are $908 a year for full coverage. Comprehensive insurance costs on average $138, collision insurance costs $170, and liability insurance is $442. Buying just liability costs around $496 a year, and insurance for high-risk drivers costs $1,950 or more. 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:

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

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas have lower incidents of accident claims than congested cities. The example below illustrates the difference location can make on car insurance rates.

The ranges above show why everyone should compare rates quotes based on a specific location, rather than relying on rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save around $72 a year
• The estimated price for the average middle-age driver with $500 deductibles is $908
• Buying pricier low deductibles will cost an additional $132 a year
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $1,950
• The price that insures a teen driver for full coverage may cost $3,718

View Chart as Image

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

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,100 to $1,500 additional each year, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost anywhere from 40% to 134% more than the average rate. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay upwards of $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices 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

Opting for high physical damage deductibles can reduce prices by up to $210 each year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more each 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 Right Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance consists of avoiding accidents and claims, having a good credit score, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Comparison shop every time your policy renews by getting quotes from direct carriers, and also from local exclusive and independent agents.

The points below are a quick rundown of the information touched on in this article.

• Drivers can save as much as $100 per year just by quoting online well ahead of the renewal date
• Drivers under the age of 20 pay higher prices, with premiums as much as $310 a month if comprehensive and collision insurance is included
• Increasing physical damage deductibles can save approximately $200 each year
• High-risk drivers with reckless driving or DUI convictions may pay on average $1,040 more each year to insure a Volvo S40
• Drivers who require increased liability limits will pay around $490 each year to raise from a low limit to the 250/500 level

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.