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.

Average auto insurance rates for a Volvo S40 are $908 annually including full coverage. Comprehensive costs approximately $138 each year, collision costs $170, and liability is $442. A policy with just liability insurance costs around $496 a year, with coverage for high-risk drivers costing around $1,950. 16-year-old drivers receive the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Price estimates include $500 physical damage deductibles, split liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 U.S. states and S40 models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on car insurance prices. Rural locations tend to have fewer comprehensive and collision claims than congested cities.

The graphic below illustrates the difference between rural and urban areas on auto insurance prices.

These examples highlight why all drivers should compare rates quotes using their specific location and their own personal driving habits, instead of making a decision based on rate averages.

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

More Rate Information

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save $72 every year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $908
• Buying low deductibles will cost $1,040
• Drivers with multiple tickets or accidents could pay around $1,950 or more
• The cost with full coverage for a 16-year-old driver can cost $3,718

View Chart as Image

Insurance rates for a Volvo S40 can also vary considerably based on the trim level of your S40, your driving characteristics, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high physical damage deductibles may pay as low as $900 every 12 months on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying anywhere from $1,100 to $1,500 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can reduce rates by up to $210 annually, whereas increasing liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $398 more each year. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Volvo S40 insurance prices. A middle-age driver might find rates as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

With so much variability in rates, the best way to figure out who has the best auto insurance rates is to do a rate comparison from multiple companies. Every auto insurance company utilizes a different rate formula, and rates can be significantly 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 Cheaper Volvo S40 Insurance

Saving money on insurance for a Volvo S40 consists of being a safe and courteous driver, having good credit, not filing small claims, and qualifying for all possible discounts. Set aside time to compare rates at least once a year by obtaining price quotes from direct car insurance companies like Progressive and GEICO, and also from local insurance agencies.

Below is a condensed summary of the primary concepts that were covered above.

• You may be able to save around $100 per year simply by quoting online in advance
• Drivers considered higher risk with multiple at-fault accidents may have to pay on average $1,040 more per year for auto insurance
• Increasing deductibles could save up to $200 each year
• Teenage drivers are the costliest to insure, as much as $310 per month if they have full coverage

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.