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

Average premium for full coverage: $908

Premium estimates by type of coverage:

These estimates include $500 physical damage insurance deductibles, liability limits of 30/60, and includes medical and UM/UIM 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 auto insurance rates. Rural areas are statistically proven to have lower incidents of collision claims than densely populated cities.

The example below illustrates the effect of geographic area on car insurance rates.

These rate differences demonstrate why everyone should compare rates based on a specific location, instead of making a decision based on average rates.

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

More Rate Details

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

• The best discount rate is $560
• Drivers who choose higher $1,000 deductibles will pay around $72 annually
• The estimated price for a 40-year-old good driver with $500 deductibles is $908
• Using pricier low deductibles for comprehensive and collision insurance bumps up the cost to $1,040
• Drivers who are prone to accidents and violations could pay upwards of $1,950 or more
• An auto insurance policy that insures a 16-year-old driver for full coverage may cost $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 age and driving habits, and policy deductibles and limits.

If you have a few violations or you caused an accident, you may be forking out at a minimum $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 a normal policy. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision 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, since even teens with perfect driving records should be prepared to pay upwards of $3,700 a year. View Rates by Age

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 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 could save up to $210 annually, whereas buying more liability protection will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out exactly what you will pay is to regularly compare prices from multiple companies. Every company uses a different method to calculate prices, and prices will be substantially 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 Find Cheap Volvo S40 Insurance

Finding better rates on insurance for a Volvo S40 not only requires being a low-risk driver, but also having a good credit score, being claim-free, and insuring your home and auto with the same company. Compare prices once a year by getting quotes from direct companies, and also from several local insurance agents.

The items below are a brief summary of the data that was covered in the above illustrations.

• You may be able to save as much as $100 per year simply by quoting online well ahead of the renewal date
• Insureds who require more liability coverage will pay an extra $490 every year to go from 30/60 bodily injury limits to the 250/500 level
• Teen drivers pay higher prices, possibly costing $310 per month if comprehensive and collision insurance is included
• Drivers considered higher risk that tend to have accidents or serious violations pay on average $1,040 more each year 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.