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 insurance rates for a Volvo S40 are $908 a year for full coverage insurance. Comprehensive insurance costs approximately $138, collision insurance costs $170, and liability coverage costs $442. A liability-only policy costs as little as $496 a year, and high-risk insurance costs $1,950 or more. 16-year-old drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Prices include $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all 50 states and for different S40 trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a large influence on the price of auto insurance. Rural locations are statistically proven to have a lower frequency of physical damage claims than congested cities. The price range example below illustrates the difference between rural and urban areas on auto insurance prices.

These rate differences illustrate why anyone shopping for car insurance should compare rates using their specific location and risk profile, rather than using rate averages.

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

More Rate Details

The chart below illustrates average Volvo S40 insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $560
• Drivers who choose higher $1,000 deductibles will pay $72 each year
• The average rate for a 40-year-old good driver who chooses $500 deductibles is $908
• Buying more expensive low deductibles for comprehensive and collision insurance will cost an extra $132 each year
• High-risk insureds with multiple tickets or accidents could pay around $1,950
• An auto insurance policy for full coverage for a teenage driver with full coverage can cost $3,718 a year

View Chart as Image

Auto insurance prices for a Volvo S40 also have a wide range based on your driving characteristics, the model year and trim level, and physical damage deductibles and liability limits.

An older driver with a good driving record and high deductibles may only pay around $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

Where you choose to live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could save up to $210 a year, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 limit to a 250/500 limit will cost up to $398 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are probably paying anywhere from $1,100 to $1,500 in extra premium annually, depending on your age. High-risk driver insurance can cost around 40% to 134% more than the average rate. View High Risk Driver Rates

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 the Right Volvo S40 Insurance

Finding better rates on auto insurance not only requires having a decent driving record, but also having good credit, paying for small claims out-of-pocket, and possibly higher deductibles. Set aside time to compare rates at least every other year by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following items are a quick rundown of the car insurance concepts covered above.

• Drivers with reckless driving or DUI convictions may pay on average $1,040 more per year than a driver with a clean driving record
• It is possible to save around $100 per year just by shopping early and online
• Increasing policy deductibles can save around $200 each year
• Consumers who purchase additional liability coverage will pay around $490 annually to go from 30/60 bodily injury limits to 250/500 limits

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.