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 including full coverage. Comprehensive costs on average $138, collision costs $170, and liability is estimated at $442. A policy with only liability insurance costs approximately $496 a year, with a high-risk policy costing around $1,950. 16-year-old drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

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

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on car insurance rates. Rural areas are statistically proven to have fewer comprehensive and collision claims than congested cities.

The price range example below illustrates how geographic area affects car insurance rates.

These rate differences highlight why anyone shopping for car insurance should get quotes based on a specific location and their own personal driving habits, instead of using rate averages.

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

Rate Comparisons

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

• The best full coverage rate is $560
• Choosing higher $1,000 deductibles can save around $72 every year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $908
• Buying more expensive low deductibles for comp and collision coverage will cost $1,040
• Unlucky drivers with multiple tickets or accidents could pay upwards of $1,950 or more
• An auto insurance policy with full coverage for a teen driver with full coverage may cost $3,718 each year

View Chart as Image

Car insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driving characteristics, and policy deductibles and limits.

An older driver with no driving violations and high physical damage deductibles may pay as little as $900 annually on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged upwards of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are likely paying at a minimum $1,100 to $1,500 extra annually, depending on your age. High-risk driver insurance ranges as much as 40% to 134% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $210 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $700 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,300 on average in Michigan, New York, and Louisiana.

View Chart as Image

With such a large range in prices, the best way to figure out exactly what you will pay is to compare prices and see which company has the best price. Each auto insurer utilizes a different rate formula, so rate quotes 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 car insurance takes avoiding accidents and violations, having a good credit score, refrain from filing small claims, and maximizing policy discounts. Invest the time to compare rates at least once a year by obtaining price quotes from direct car insurance companies, and also from several local insurance agents.

The list below is a brief review of the primary concepts that were presented in the illustrations above.

• You may be able to save as much as $100 per year simply by shopping early and online
• Higher risk drivers with DUI or reckless driving convictions pay on average $1,040 more each year for car insurance
• Increasing policy deductibles could save up to $200 each year
• Teenagers are expensive to insure, with the cost nearing $310 per month if comprehensive and collision insurance is included

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.