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 for full coverage insurance. Comprehensive insurance costs an estimated $138, collision costs $170, and liability is estimated at $442. Liability-only coverage costs approximately $496 a year, with high-risk coverage costing $1,950 or more. Teen drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates broken down by type of insurance:

These estimates include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and for different S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. More rural locations are shown to have lower incidents of physical damage claims than larger metro areas.

The price range example below illustrates the effect of geographic area on insurance prices.

The examples above illustrate why anyone shopping for car insurance should get quotes for a targeted area, instead of making a decision based on price averages.

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

Additional Rate Information

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

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save approximately $72 each year
• The estimated price for a good driver age 40 who has $500 deductibles is $908
• Choosing more expensive low deductibles for comp and collision coverage will cost an additional $132 annually
• Higher-risk drivers with multiple violations and an at-fault accident could pay up to $1,950 or more
• Policy cost that insures a 16-year-old driver with full coverage can cost as much as $3,718 each year

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on the model year and trim level, your age and driving record, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you are probably paying $1,100 to $1,500 additional every year, depending on your age. High-risk driver insurance ranges from 40% to 134% more than average. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay at least $3,700 a year. View Rates by Age

Your home state plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles can save as much as $210 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to compare rates from multiple companies. Each auto insurer uses a different rate calculation, and rates will be varied.

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 cheaper rates on insurance for a Volvo S40 takes being a low-risk driver, having a good credit score, being claim-free, and maximizing policy discounts. Shop around at least once a year by obtaining price quotes from direct insurance companies, and also from local insurance agencies.

The items below are a brief summary of the primary concepts that were covered in the above illustrations.

• It is possible to save approximately $100 per year simply by shopping early and online
• Drivers considered higher risk that tend to have accidents or serious violations may have to pay on average $1,040 more annually to insure their S40
• Increasing comprehensive and collision deductibles can save approximately $200 each year
• Teen drivers are expensive to insure, possibly costing $310 each 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.