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 with full coverage. Comprehensive insurance costs approximately $138, collision costs $170, and liability is estimated at $442. A liability-only policy costs approximately $496 a year, with high-risk insurance costing $1,950 or more. 16-year-old drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Price estimates include $500 deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all U.S. states and for different 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 fewer collision claims than congested cities.

The price range example below illustrates how your location can change auto insurance prices.

These rate differences demonstrate why anyone shopping for car insurance should get quotes using their specific location and their own personal driving habits, instead of using rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $560
• Choosing higher $1,000 deductibles can save $72 annually
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Buying more expensive low deductibles for comp and collision coverage costs an additional $132 every year
• Unlucky drivers with multiple tickets or accidents could pay around $1,950 or more
• An auto insurance policy with full coverage for a teen driver with full coverage can cost $3,718 each year

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Auto insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driving record, and physical damage deductibles and liability limits.

An older driver with a good driving record 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 have to pay in the ballpark of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out anywhere from $1,100 to $1,500 in extra premium annually, depending on your age. High-risk driver insurance ranges as much as 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $210 every year, while increasing your policy's liability limits will push prices upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 extra every year. 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 $660 a year in states like Utah, Ohio, and New Hampshire, or at least $1,230 on average in New York, Michigan, and Florida.

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With such a large range in prices, the best way to find out who has the cheapest auto insurance prices is to compare prices and see which company has the best price. Each auto insurer utilizes a different rate formula, and quoted prices will be substantially different between companies.

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 Cheaper Volvo S40 Insurance

Finding better rates on car insurance takes not taking risks behind the wheel, having above-average credit, being claim-free, and not having any coverage lapses. Invest the time to shop around at every policy renewal by getting rate quotes from direct companies, and also from your local independent and exclusive agents.

The following is a condensed summary of the data illustrated above.

• Policyholders who purchase higher liability limits will pay around $490 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• You may be able to save around $100 per year simply by shopping early and online
• Increasing policy deductibles could save up to $200 each year
• Teens have the highest car insurance prices, possibly costing $310 per month if full coverage is included

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.