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.

The average insurance rates for a Volvo S40 are $908 a year for full coverage. Comprehensive costs around $138 each year, collision insurance costs $170, and liability insurance costs around $442. Liability-only coverage costs as low as $496 a year, and high-risk coverage costs around $1,950. Teenage drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates for type of insurance:

Prices include $500 deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all states and S40 models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on auto insurance rates. Areas with sparse population are shown to have lower incidents of accident claims than densely populated cities. The graphic below illustrates the difference between rural and urban areas on auto insurance rates.

The examples above show why all drivers should compare prices for a specific zip code, rather than relying on average rates.

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

More Rate Details

The chart below shows average Volvo S40 insurance rates for additional coverage choices and driver risks.

• The best discount rate is $560
• Using higher $1,000 deductibles will save about $72 a year
• The estimated price for a good driver age 40 using $500 deductibles is $908
• Using low deductibles for physical damage coverage bumps up the cost to $1,040
• Drivers who are prone to accidents and violations could pay at least $1,950
• Policy cost that insures a teen driver can be $3,718 or more

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on the trim level and model year, how you drive, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you could be paying at least $1,100 to $1,500 additional every year, depending on your age. Insurance for high-risk drivers can be anywhere from 40% to 134% more than a normal policy. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay as much as $3,700 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see rates as low as $600 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,300 on average in Michigan, Louisiana, and New York.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $210 each year, whereas increasing liability limits will increase rates. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $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

Finding cheaper rates on Volvo S40 insurance requires not taking risks behind the wheel, having a good credit score, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Compare prices every couple of years by requesting rates from direct carriers, and also from several local insurance agents.

The following is a quick rundown of the material that was covered above.

• Drivers who may need higher liability limits will pay an extra $490 each year to increase from a 30/60 limit to the 250/500 level
• Teens are charged the highest rates, costing up to $310 each month if comprehensive and collision insurance is included
• High-risk drivers with reckless driving or DUI convictions pay on average $1,040 more every year for S40 insurance
• Increasing comprehensive and collision deductibles can save approximately $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.