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

Average premium for full coverage: $908

Price estimates for individual coverage:

Estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all U.S. states and S40 trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on insurance rates. Areas with sparse population have a lower frequency of collision claims than densely populated cities.

The diagram below illustrates the effect of geographic area on auto insurance rates.

The ranges above demonstrate why it is important to compare rates quotes for a specific zip code and risk profile, instead of using average rates.

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 discount rate is $560
• Raising to $1,000 deductibles will save about $836 annually
• The average rate for the average middle-age driver using $500 deductibles is $908
• Using low $100 deductibles will cost an extra $132 every year
• At-risk drivers who are prone to accidents and violations could pay at least $1,950 or more
• The price for full coverage for a teen driver can be $3,718

View Chart as Image

Auto insurance prices for a Volvo S40 are also quite variable based on your driving record, the trim level and model year, and deductibles and policy limits.

Older drivers with a good driving record and high deductibles may pay as little as $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $660 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles can reduce prices by up to $210 every year, while buying higher liability limits will increase prices. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out at least $1,100 to $1,500 in extra premium each year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 40% to 134% more than a normal policy. View High Risk Driver Rates

Since prices can be so different, the best way to find out your exact price is to get quotes and see which company has the best price. Every auto insurance company uses a different method to calculate prices, and quoted 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 consists of being a low-risk driver, having good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Take the time to compare rates at every other renewal by requesting rates from direct companies like Progressive and GEICO, and also from local independent and exclusive agents.

The items below are a review of the concepts that were covered in the above illustrations.

• Higher risk drivers who have several accidents or serious violations pay an average of $1,040 more every year to insure their S40
• Teen drivers are expensive to insure, costing up to $310 a month if they have full coverage
• You may be able to save up to $100 per year simply by quoting early and online
• Increasing physical damage deductibles can save around $200 each year
• You may be able to save up to $100 per year simply by quoting 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.