Volvo S40 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 3, 2023

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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 $954 a year for full coverage insurance. Comprehensive costs approximately $156, collision insurance costs $188, and liability is $452. Liability-only insurance costs around $504 a year, and high-risk driver insurance costs around $2,044. 16-year-old drivers pay the most at up to $3,858 a year.

Average premium for full coverage: $954

Premium estimates by type of coverage:

Comprehensive $156
Collision $188
Liability $452

Rates are based on $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 states and for different S40 trim levels.

Insurance Price Range by Risk and Coverage

For a 40-year-old driver, insurance rates for a Volvo S40 range from the low end price of $504 for just liability coverage to a much higher rate of $2,044 for a driver who requires high-risk insurance.

Liability Only $504
Full Coverage $954
High Risk $2,044

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on the price of auto insurance. Rural locations are statistically proven to have lower incidents of physical damage claims than congested cities. The price range example below illustrates how your location can change auto insurance prices.

Rural Areas $716
Small Cities $1,002
Large Cities $1,288

These rate differences illustrate why anyone shopping for car insurance should compare rates quotes using their specific location, instead of using rate averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Detailed Rate Analysis

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

  • The best full coverage rate is $585
  • Raising to $1,000 deductibles will save $78 each year
  • The estimated price for a 40-year-old good driver who chooses $500 deductibles is $954
  • Buying more expensive low deductibles bumps up the cost to $1,104
  • At-risk drivers with multiple tickets or accidents could pay around $2,044
  • An auto insurance policy that insures a teen driver with full coverage can cost $3,858

View Chart as Image

Volvo S40 insurance cost comparison chart
Column chart showing Volvo S40 insurance rates range from $585 to $3,858 for full coverage

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

If you have a few violations or you caused an accident, you are probably paying anywhere from $1,100 to $1,600 additional annually, depending on your age. High-risk driver insurance is expensive and can cost as much as 41% to 129% more than the average rate. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay in the ballpark of $3,800 a year. View Rates by Age

Where you choose to live also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $630 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,290 on average in Florida, New York, and Michigan.

Volvo S40 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $862 -$92 -9.6%
Alaska $732 -$222 -23.3%
Arizona $792 -$162 -17.0%
Arkansas $954 -$0 0.0%
California $1,088 $134 14.0%
Colorado $910 -$44 -4.6%
Connecticut $982 $28 2.9%
Delaware $1,080 $126 13.2%
Florida $1,194 $240 25.2%
Georgia $880 -$74 -7.8%
Hawaii $686 -$268 -28.1%
Idaho $646 -$308 -32.3%
Illinois $710 -$244 -25.6%
Indiana $718 -$236 -24.7%
Iowa $644 -$310 -32.5%
Kansas $908 -$46 -4.8%
Kentucky $1,302 $348 36.5%
Louisiana $1,412 $458 48.0%
Maine $588 -$366 -38.4%
Maryland $786 -$168 -17.6%
Massachusetts $762 -$192 -20.1%
Michigan $1,658 $704 73.8%
Minnesota $798 -$156 -16.4%
Mississippi $1,142 $188 19.7%
Missouri $846 -$108 -11.3%
Montana $1,024 $70 7.3%
Nebraska $752 -$202 -21.2%
Nevada $1,144 $190 19.9%
New Hampshire $688 -$266 -27.9%
New Jersey $1,066 $112 11.7%
New Mexico $846 -$108 -11.3%
New York $1,004 $50 5.2%
North Carolina $550 -$404 -42.3%
North Dakota $782 -$172 -18.0%
Ohio $660 -$294 -30.8%
Oklahoma $980 $26 2.7%
Oregon $872 -$82 -8.6%
Pennsylvania $910 -$44 -4.6%
Rhode Island $1,274 $320 33.5%
South Carolina $864 -$90 -9.4%
South Dakota $806 -$148 -15.5%
Tennessee $836 -$118 -12.4%
Texas $1,152 $198 20.8%
Utah $708 -$246 -25.8%
Vermont $654 -$300 -31.4%
Virginia $572 -$382 -40.0%
Washington $738 -$216 -22.6%
West Virginia $874 -$80 -8.4%
Wisconsin $660 -$294 -30.8%
Wyoming $850 -$104 -10.9%

View Chart as Image

Volvo S40 insurance rates by U.S. city

Opting for high physical damage deductibles can reduce prices by up to $230 every year, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $407 more each year. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

Volvo S40 Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Volvo S40 2.4I $938 $78
Volvo S40 T5 $970 $81
Volvo S40 T5 AWD R-Design $970 $81

Rates assume 2006 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.

Volvo S40 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Volvo S40 $176 $248 $474 $1,056
2009 Volvo S40 $166 $226 $474 $1,024
2008 Volvo S40 $162 $202 $468 $990
2006 Volvo S40 $156 $188 $452 $954
2004 Volvo S40 $138 $170 $442 $908

Rates are averaged for all Volvo S40 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Best Cheap Volvo S40 Insurance

Finding better rates on car insurance consists of being a low-risk driver, having a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Comparison shop at every other renewal by requesting quotes from direct insurance companies, and also from your local car insurance providers.

The items below are a quick review of the concepts that were illustrated above.

  • Higher risk drivers with a DUI or reckless driving violation could be charged and average of $1,090 more per year to insure their S40
  • Teen drivers are the costliest to insure, with premiums being up to $322 per month if comprehensive and collision insurance is included
  • It is possible to save around $110 per year just by shopping early and online
  • Increasing policy deductibles can save approximately $225 each year
  • It is possible to save around $110 per year just by shopping 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.

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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:

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.

Rates by Driver Age

Volvo S40 Insurance Rates by Driver Age
Driver Age Premium
16 $3,858
20 $2,176
30 $970
40 $954
50 $876
60 $856

Full coverage, $500 deductibles

Rates by Deductible

Volvo S40 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,104
$250 $1,036
$500 $954
$1,000 $876

Full coverage, driver age 40

Rates by Liability Limit

Volvo S40 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $954
50/100 $1,060
100/300 $1,173
250/500 $1,467
100 CSL $1,106
300 CSL $1,354
500 CSL $1,535

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S40 Insurance Rates for High Risk Drivers
Age Premium
16 $5,422
20 $3,462
30 $2,060
40 $2,044
50 $1,956
60 $1,936

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $126

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $48
Multi-vehicle $51
Homeowner $17
5-yr Accident Free $56
5-yr Claim Free $59
Paid in Full/EFT $33
Advance Quote $41
Online Quote $64
Total Discounts $369
Rate after discounts $585

Discounts are estimated and may not be available from every company or in every state.

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