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

Average premium for full coverage: $908

Premium estimates for type of coverage:

Includes $500 policy deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all U.S. states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a large influence on insurance rates. Areas with sparse population are statistically proven to have a lower frequency of collision claims than larger metro areas.

The graphic below illustrates how where you live affects auto insurance rates.

These rate differences demonstrate why all drivers should compare rates for a specific zip code and risk profile, rather than using price averages.

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

Rates by State, City, and Model

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

• The lowest rate with discounts is $560
• Drivers who choose higher $1,000 deductibles will pay about $72 annually
• The average rate for a 40-year-old good driver using $500 deductibles is $908
• Choosing low deductibles for comprehensive and collision insurance will increase the cost to $1,040
• High-risk insureds with multiple violations and an at-fault accident could pay at least $1,950 or more
• An auto insurance policy for full coverage for a teenage driver can be $3,718 a year

View Chart as Image

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

More mature drivers with no violations or accidents and high deductibles may only pay around $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers should be prepared to pay as much as $3,700 a year. View Rates by Age

Where you choose to live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $660 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles could save up to $210 a year, whereas increasing liability limits will increase prices. Moving from a 50/100 limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you may be forking out at least $1,100 to $1,500 additional annually, depending on your age. Insurance for high-risk drivers can cost around 40% to 134% more than average. View High Risk Driver Rates

With such a large range in prices, the best way to find out your exact price is to do a rate comparison and see how they stack up. Every company uses a different rate calculation, and prices will be substantially different from one company to the next.

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 the Cheapest Volvo S40 Insurance

Finding better rates on auto insurance not only requires being a good driver, but also having a good credit history, being claim-free, and taking advantage of discounts. Take the time to comparison shop every time your policy renews by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The following list is a recap of the information touched on in the above illustrations.

• You may be able to save up to $100 per year simply by quoting online in advance
• Drivers age 16 to 20 are charged the highest prices, possibly costing $310 per month including comprehensive and collision insurance
• Increasing policy deductibles can save around $200 each year
• Drivers that have major violations or accidents pay an average of $1,040 more every year than a safer driver
• Consumers who may need an increased level of liability coverage will pay about $490 every year to go from 30/60 bodily injury limits to 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.