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 insurance rates for a Volvo S40 are $908 a year including full coverage. Comprehensive insurance costs around $138 a year, collision insurance costs $170, and liability is estimated at $442. A liability-only policy costs approximately $496 a year, and high-risk insurance costs $1,950 or more. Teen drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates for individual coverage type:

Full coverage includes $500 policy deductibles, liability coverage up to 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and S40 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can make a big difference on the price of insurance. Areas with sparse population tend to have lower incidents of comprehensive and collision claims than larger metro areas. The diagram below illustrates how location impacts auto insurance rates.

These examples highlight why it is important to get quotes for a specific zip code, instead of making a decision based on price averages.

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

More Rate Details

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

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save about $836 every year
• The estimated price for a 40-year-old driver using $500 deductibles is $908
• Choosing low $100 deductibles for comp and collision coverage will cost an additional $132 annually
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $1,950
• The cost that insures a 16-year-old driver can be $3,718 each year

View Chart as Image

Insurance rates for a Volvo S40 can also vary considerably based on the trim level of your S40, your driving record and age, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you are likely paying at least $1,100 to $1,500 extra per year, depending on your age. A high-risk auto insurance policy ranges from 40% to 134% more than average. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $900 annually on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records can expect to pay as much as $3,700 a year. View Rates by Age

Where you live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $700 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,300 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles can save as much as $210 annually, while buying higher liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $398 more per 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 More Affordable Volvo S40 Insurance

Saving money on insurance for a Volvo S40 takes being a good driver, having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Shop around every time your policy renews by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following list is a summary of the information touched on above.

• You may be able to save up to $100 per year just by quoting early and online
• Drivers age 16 to 20 pay higher rates, as much as $310 per month if full coverage is included
• Increasing deductibles can save approximately $200 each year
• Drivers considered higher risk who have multiple accidents or major violations may have to pay on average $1,040 more every year than a safer driver
• Insureds who may need an increased level of liability coverage will pay about $490 per year to raise limits from a minimum limit to the 250/500 level

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.