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.

Estimated auto insurance rates for a Volvo S40 are $908 annually with full coverage. Comprehensive insurance costs an estimated $138, collision costs $170, and liability costs $442. Liability-only insurance costs as little as $496 a year, with high-risk driver insurance costing $1,950 or more. Teens pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates broken down by type of coverage:

Prices are based on $500 physical damage insurance deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all U.S. states and for all S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can make a big difference on car insurance rates. More rural locations are statistically proven to have fewer collision claims than cities with more traffic congestion.

The example below illustrates how geographic area affects insurance prices.

These rate differences demonstrate why everyone should compare rates for a targeted area and their own personal driving habits, instead of making a decision based on averaged prices.

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

Additional Charts and Tables

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

• The cheapest rate after discounts is $560
• Drivers who choose higher $1,000 deductibles will pay approximately $72 annually
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $908
• Selecting pricier low deductibles for comprehensive and collision insurance costs an additional $132 annually
• Drivers with serious driving violations could pay up to $1,950 or more
• An auto insurance policy with full coverage for a 16-year-old driver for full coverage can cost as much as $3,718 a year

View Chart as Image

Insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driving record, and liability limits and deductibles.

A more mature driver with no violations or accidents and high physical damage deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay at least $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out $1,100 to $1,500 additional annually, depending on your age. Volvo S40 insurance for high-risk drivers can cost from 40% to 134% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $210 annually, whereas buying more liability protection will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

Where you choose to live makes a big difference in Volvo S40 insurance prices. A 40-year-old driver could pay as low as $660 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,230 on average in New York, Michigan, and Florida.

View Chart as Image

With such a large range in prices, the best way to find out which insurance company is cheapest is to regularly compare prices from multiple companies. Every company calculates prices differently, and prices will be substantially 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 Affordable Volvo S40 Insurance

Finding better rates on insurance for a Volvo S40 not only requires being a low-risk driver, but also having good credit, being claim-free, and maximizing policy discounts. Invest the time to compare rates once a year by requesting quotes from direct companies, and also from several local insurance agents.

The items below are a brief review of the data that was presented in the illustrations above.

• You may be able to save approximately $100 per year simply by quoting online well ahead of the renewal date
• Insureds who want more liability coverage will pay approximately $490 every year to go from 30/60 bodily injury limits to higher 250/500 limits
• Teen drivers are expensive to insure, possibly costing $310 per month if they have full coverage
• Drivers considered higher risk with DUI or reckless driving convictions pay on average $1,040 more annually to insure their S40

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.