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 with full coverage. Comprehensive insurance costs around $138 each year, collision costs $170, and liability coverage is $442. Liability-only insurance costs around $496 a year, with high-risk driver insurance costing $1,950 or more. 16-year-old drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates for type of insurance:

Includes $500 deductibles, bodily injury liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all U.S. states and S40 models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on insurance rates. Areas with sparse population are shown to have a lower frequency of collision claims than congested cities.

The graphic below illustrates how rural and urban location affects auto insurance rates.

The examples above demonstrate why all drivers should compare rates quotes for a specific zip code and risk profile, rather than using rate averages.

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

More Rate Information

The chart below details estimated Volvo S40 insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save about $72 annually
• The average rate for a good driver age 40 using $500 deductibles is $908
• Buying low deductibles will cost an extra $132 each year
• Unlucky drivers with multiple tickets or accidents could pay at least $1,950 or more
• Policy cost for full coverage for a teenage driver can be $3,718

View Chart as Image

Auto insurance rates for a Volvo S40 also range considerably based on your risk profile, the trim level and model year, and deductibles and policy limits.

More mature drivers with a good driving record and high deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

Your home state also has a big influence on Volvo S40 insurance rates. A middle-age driver might find rates as low as $660 a year in states like New Hampshire, Ohio, and Utah, or at least $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles can reduce rates by up to $210 a year, whereas increasing liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $1,100 to $1,500 in extra premium every year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 40% to 134% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the best way to find out your exact price is to do a rate comparison and see how they stack up. Every auto insurance company utilizes a different rate formula, and quoted rates will be varied from one company to the next.

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 Cheapest Volvo S40 Insurance

Finding cheaper rates on auto insurance consists of not taking risks behind the wheel, having good credit, not filing small claims, and maximizing policy discounts. Set aside time to shop around every other policy renewal by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following is a recap of the ideas that were raised in the charts and tables above.

• Teens are expensive to insure, as much as $310 each month if they have full coverage
• Drivers that have major violations or accidents pay an average of $1,040 more every year for S40 insurance
• Increasing comprehensive and collision deductibles can save around $200 each year
• You may be able to save up to $100 per year simply by quoting online in advance

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.