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.

The average insurance rates for a Volvo S40 are $908 a year with full coverage. Comprehensive insurance costs on average $138, collision insurance costs $170, and liability insurance costs around $442. Liability-only insurance costs as low as $496 a year, and high-risk driver insurance costs $1,950 or more. 16-year-old drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates by type of insurance:

Estimates include $500 deductible amounts, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and for different S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on auto insurance rates. Rural areas are shown to have lower incidents of collision claims than congested cities. The price range example below illustrates the difference location can make on car insurance rates.

The examples above demonstrate why anyone shopping for car insurance should compare prices based on a specific location, rather than relying on rate averages.

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

Rate Comparisons

The chart below details average Volvo S40 insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $560
• Using higher $1,000 deductibles will save around $72 annually
• The estimated price for a good driver age 40 with $500 deductibles is $908
• Buying more expensive low deductibles for physical damage coverage will cost an additional $132 a year
• Drivers with multiple tickets or accidents could pay upwards of $1,950
• Policy cost that insures a teen driver with full coverage may cost $3,718 or more

View Chart as Image

Auto insurance rates for a Volvo S40 also range considerably based on the model year and trim level, your age and driving habits, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at a minimum $1,100 to $1,500 in extra premium every year, depending on your age. High-risk driver insurance can be anywhere from 40% to 134% more than the average rate. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay upwards of $3,700 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see rates as low as $660 a year in states like New Hampshire, Ohio, and Utah, or at least $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $210 each year, while increasing your policy's liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 extra every 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 Low Cost Volvo S40 Insurance

Finding cheaper rates on Volvo S40 insurance requires having a good driving record, maintaining a good credit score, not filing small claims, and deciding if full coverage is necessary. Comparison shop at least every other year by getting quotes from direct companies, and also from several local insurance agents.

The next list is a review of the car insurance concepts touched on in this article.

• High-risk drivers who have several accidents or serious violations pay on average $1,040 more each year to buy Volvo S40 insurance
• You may be able to save as much as $100 per year just by shopping early and online
• Increasing comprehensive and collision deductibles can save approximately $200 each year
• Drivers who require increased levels of liability coverage will pay around $490 every year to increase from a 30/60 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.