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.

U.S. average insurance rates for a Volvo S40 are $908 a year for full coverage. Comprehensive insurance costs an estimated $138, collision costs $170, and liability costs around $442. A policy with just liability insurance costs as low as $496 a year, with coverage for high-risk drivers costing $1,950 or more. Teen drivers pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates broken down by individual coverage:

Estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all states and for all S40 models.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on insurance rates. More rural locations have a lower frequency of accident claims than larger metro areas.

The example below illustrates how location impacts insurance prices.

The ranges above show why everyone should compare prices for a targeted area and risk profile, instead of using price averages.

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

Additional Rate Analysis

The chart below shows estimated Volvo S40 insurance rates for other coverage scenarios.

• The lowest rate with discounts is $560
• Using higher $1,000 deductibles will save approximately $72 a year
• The average rate for the average middle-age driver who has $500 deductibles is $908
• Choosing pricier low deductibles for physical damage coverage will cost an extra $132 every year
• Drivers with multiple violations and an at-fault accident could pay up to $1,950 or more
• The price for full coverage for a teen driver for full coverage can cost as much as $3,718 or more

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on your driving record, the trim level of your S40, and liability limits and deductibles.

A more mature driver with a clean driving record and high deductibles may pay as little as $900 a year for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay at least $3,700 a year. View Rates by Age

The state you live in has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see prices as low as $600 a year in states like Iowa, Maine, and Idaho, or as much as $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing high deductibles could cut prices by as much as $210 every year, whereas buying more liability protection will increase premiums. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you could be paying $1,100 to $1,500 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers can be as much as 40% to 134% more than average. View High Risk Driver Rates

Since prices can be so different, the only way to know which car insurance is cheapest is to regularly compare prices and see which company has the best price. Each insurance company uses a different rate calculation, so the prices may be quite different 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 Low Cost Volvo S40 Insurance

Getting lower rates on car insurance requires not taking risks behind the wheel, maintaining good credit, eliminating unnecessary coverage, and taking advantage of discounts. Spend time shopping around every other policy renewal by obtaining price quotes from direct carriers like Progressive and GEICO, and also from local independent and exclusive agents.

The following is a review of the ideas that were touched on above.

• Teens are charged the highest prices, with premiums as much as $310 a month for full coverage
• Higher risk drivers who have several accidents or serious violations pay an average of $1,040 more annually for S40 insurance
• Increasing physical damage deductibles can save around $200 each year
• Drivers can save approximately $100 per year simply by quoting online well ahead of the renewal date

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.