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

Average premium for full coverage: $908

Premium estimates broken down by type of coverage:

Full coverage includes $500 policy deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on insurance rates. More rural locations are statistically proven to have fewer accident claims than larger metro areas. The graphic below illustrates how rural and urban location affects insurance prices.

These rate differences show why all drivers should get quotes for a targeted area and their own personal driving habits, instead of using price averages.

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

Additional Rate Analysis

The chart below shows average Volvo S40 insurance rates for other coverage scenarios.

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save approximately $72 a year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $908
• Choosing low deductibles for comp and collision coverage will cost $1,040
• Unlucky drivers with multiple violations and an at-fault accident could pay up to $1,950
• An auto insurance policy with full coverage for a teen driver can cost as much as $3,718 each year

View Chart as Image

Car insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driver profile, and liability limits and deductibles.

More mature drivers with no driving violations and high physical damage 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, where even without any violations or accidents they will be charged at least $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying $1,100 to $1,500 extra annually, depending on your age. Insurance for high-risk drivers ranges as much as 40% to 134% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $210 every year, whereas increasing liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

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 $600 a year in states like Iowa, Maine, and Idaho, or as much as $1,300 on average in New York, Louisiana, and Michigan.

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 More Affordable Volvo S40 Insurance

Finding better rates on car insurance takes being a good driver, having a good credit score, not filing small claims, and possibly higher deductibles. Set aside time to shop around every couple of years by requesting quotes from direct carriers, and also from local exclusive and independent agents.

The following list is a summary of the material that was raised in the charts and tables above.

• Policyholders who want an increased level of liability coverage will pay about $490 each year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• Drivers age 16 to 20 have the highest car insurance prices, as much as $310 per month if comprehensive and collision insurance is included
• Higher risk drivers who have multiple accidents or major violations may pay on average $1,040 more annually than a safer driver
• Increasing policy deductibles could save up to $200 each year

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.