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 around $138 each year, collision insurance costs $170, and liability coverage is estimated at $442. A liability-only policy costs approximately $496 a year, and high-risk insurance costs around $1,950. Teens pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates for type of coverage:

These estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all U.S. states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on insurance rates. Areas with sparse population are statistically proven to have lower incidents of collision claims than cities with more traffic congestion. The graphic below illustrates how where you live affects auto insurance rates.

These rate differences demonstrate why all drivers should get quotes for a specific zip code, rather than using averaged prices.

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

Additional Charts and Tables

The chart below details average Volvo S40 insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $560
• Choosing higher $1,000 deductibles can save about $72 annually
• The estimated price for a 40-year-old good driver using $500 deductibles is $908
• Selecting low deductibles for comp and collision coverage bumps up the cost to $1,040
• Drivers with serious driving violations could pay at least $1,950
• An auto insurance policy that insures a teenage driver can be $3,718 each year

View Chart as Image

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

If you have a few violations or you caused an accident, you may be forking out at least $1,100 to $1,500 in extra premium annually, depending on your age. Insurance for high-risk drivers ranges around 40% to 134% more than the average policy. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $900 annually 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 will have to pay as much as $3,700 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Volvo S40 insurance rates. A good driver about age 40 could pay as low as $660 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $210 a year, whereas increasing liability limits will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost 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 Cheap Volvo S40 Insurance

Finding better rates on auto insurance takes being safe and accident-free, maintaining a good credit score, being claim-free, and possibly raising deductibles. Compare rates at every other renewal by getting quotes from direct companies, and also from your local independent and exclusive agents.

Below you'll find a brief summary of the concepts that were touched on in the above illustrations.

• Drivers that tend to have accidents or serious violations may pay on average $1,040 more every year than a low-risk driver
• Youthful drivers are expensive to insure, possibly costing $310 per month if the policy includes full coverage
• You may be able to save up to $100 per year just by quoting online in advance
• Increasing policy deductibles can save approximately $200 each year
• You may be able to save up to $100 per year just by quoting online in advance

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.