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 prices for a Volvo S40 are $908 every 12 months for full coverage insurance. Comprehensive costs around $138, collision costs $170, and liability insurance costs around $442. A liability-only policy costs as low as $496 a year, with high-risk insurance 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 for individual coverage type:

Includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 states and for all S40 models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a significant impact on car insurance rates. Areas with sparse population tend to have more infrequent physical damage claims than congested cities.

The example below illustrates how location helps determine auto insurance rates.

These examples illustrate why everyone should compare prices for a specific zip code and their own driving history, rather than relying on rate averages.

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

Additional Rate Analysis

The chart below illustrates estimated Volvo S40 insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $560
• Using higher $1,000 deductibles will save about $72 each year
• The average price for a 40-year-old driver using $500 deductibles is $908
• Buying pricier low deductibles for physical damage coverage increases the price to $1,040
• Drivers with multiple tickets or accidents could pay at least $1,950 or more
• The cost to insure a teen driver for full coverage can be $3,718 or more

View Chart as Image

Insurance rates for a Volvo S40 can also vary considerably based on policy deductibles and limits, your risk profile, and the trim level and model year.

Opting for high physical damage deductibles could cut rates by as much as $210 each year, whereas buying more liability protection will increase rates. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $398 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles could pay as little as $900 a year for full coverage. Rates are highest for teen drivers, since even excellent drivers can expect to pay as much as $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying at least $1,100 to $1,500 extra per year, depending on your age. Volvo S40 insurance for high-risk drivers can be anywhere from 40% to 134% more than the average rate. View High Risk Driver Rates

Where you live has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see rates as low as $600 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,230 on average in Michigan, New York, and Florida.

View Chart as Image

With so much variability in rates, the only way to figure out your exact price is to regularly compare rates from as many companies as possible. Each insurance company utilizes a different rate formula, so the rates can be significantly different.

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 Shop for the Cheapest Volvo S40 Insurance

Saving money on Volvo S40 insurance requires avoiding accidents and violations, having good credit, avoid buying unnecessary coverage, and insuring your home and auto with the same company. Invest time comparing rates at least once a year by getting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The list below is a recap of the primary concepts that were covered in the charts and tables above.

• It is possible to save up to $100 per year simply by quoting online well ahead of the renewal date
• High-risk drivers that have major violations or accidents may pay on average $1,040 more every year for car insurance
• Increasing deductibles could save as much as $200 each year
• Teenagers pay higher rates, costing up to $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.