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 insurance. Comprehensive costs approximately $138, collision costs $170, and liability is $442. Liability-only coverage costs around $496 a year, with high-risk coverage costing around $1,950. Teens pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 states and for different S40 trim levels.

Insurance Price Range by Risk and Coverage

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 fewer physical damage claims than cities with more traffic congestion.

The price range example below illustrates how location helps determine auto insurance prices.

These rate differences illustrate why anyone shopping for car insurance should compare rates quotes using their specific location and their own personal driving habits, instead of using averaged prices.

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

Rate Comparisons

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

• The cheapest rate after discounts is $560
• Raising to $1,000 deductibles will save $72 each year
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Selecting more expensive low deductibles will cost $1,040
• At-risk drivers with serious driving violations 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

View Chart as Image

Insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your risk profile, and physical damage deductibles and liability limits.

An older driver with a clean driving record and high physical damage deductibles may pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they can expect 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 are probably paying anywhere from $1,100 to $1,500 extra annually, depending on your age. High-risk driver insurance is expensive and can cost as much as 40% to 134% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $210 every year, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 more per year. View Rates by Deductible or Liability Limit

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 $600 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

With such a large range in prices, the only way to figure out who has the best car insurance prices is to compare prices and see which company has the best price. Every auto insurance company calculates prices differently, so the 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 Low Cost Volvo S40 Insurance

Finding better rates on car insurance consists of avoiding accidents and claims, having a good credit history, paying for small claims out-of-pocket, and maximizing policy discounts. Invest time comparing rates at every other renewal by obtaining price quotes from direct insurance companies, and also from insurance agencies where you live.

The points below are a review of the concepts that were covered in the charts and tables above.

• Higher risk drivers who have several accidents or serious violations could be forced to pay on average $1,040 more per year to insure a Volvo S40
• Drivers under the age of 20 are expensive to insure, with premiums being up to $310 per month including comprehensive and collision insurance
• It is possible to save around $100 per year simply by shopping early and online
• Increasing policy deductibles could save up to $200 each year
• It is possible to save around $100 per year simply 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.

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.