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

Average premium for full coverage: $908

Premium estimates by type of coverage:

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all states and for all S40 models.

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 accident claims than larger metro areas.

The example below illustrates how rural and urban location affects car insurance rates.

These rate differences show why everyone should get quotes based on a specific location and their own personal driving habits, instead of using price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $560
• Choosing higher $1,000 deductibles can save around $72 a year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $908
• Choosing pricier low deductibles for comp and collision coverage costs an additional $132 every year
• Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $1,950 or more
• An auto insurance policy with full coverage for a teen driver for full coverage may cost $3,718 each year

View Chart as Image

Insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your driver profile, and policy deductibles and limits.

A more mature driver with no violations or accidents 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 should be prepared to pay upwards of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying at a minimum $1,100 to $1,500 additional annually, depending on your age. Volvo S40 insurance for high-risk drivers ranges as much as 40% to 134% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $210 every year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $398 more each year. 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 $600 a year in states like Idaho, Maine, and Iowa, or as much as $1,300 on average in Michigan, Louisiana, and New York.

View Chart as Image

With such a large range in prices, the only way to know exactly what you will pay is to regularly compare prices and see which company has the best price. Each auto insurer uses a different rate calculation, and prices 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 the Best Volvo S40 Insurance

Finding better rates on car insurance takes being a good driver, having good credit, not filing small claims, and insuring your home and auto with the same company. Set aside time to shop around at least every other year by getting quotes from direct carriers, and also from local insurance agents.

The following list is a brief recap of the car insurance concepts raised in the charts and tables above.

• Higher risk drivers who tend to receive serious violations may be required to pay an average of $1,040 more each year than a safer driver
• Drivers can save as much as $100 per year simply by quoting online well ahead of the renewal date
• Increasing policy deductibles could save up to $200 each year
• Policyholders who require an increased level of liability coverage will pay about $490 each year to raise limits from 30/60 bodily injury limits to higher 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.