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.

U.S. average insurance rates for a Volvo S40 are $908 a year with full coverage. Comprehensive costs an estimated $138, collision insurance costs $170, and liability is $442. A policy with just liability insurance costs around $496 a year, and coverage for high-risk drivers costs around $1,950. Teen drivers pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates broken down by individual coverage:

Prices are based on $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and for different S40 trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations have a lower frequency of collision claims than larger metro areas. The price range example below illustrates the difference location can make on insurance prices.

The ranges above demonstrate why anyone shopping for car insurance should compare rates quotes for a targeted area and risk profile, instead of using price averages.

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

Additional Rate Details

The chart below details average Volvo S40 insurance rates for other coverage scenarios.

• The lowest rate with discounts is $560
• Raising to $1,000 deductibles will save approximately $72 annually
• The average rate for the average middle-age driver who has $500 deductibles is $908
• Choosing more expensive low deductibles will increase the cost to $1,040
• At-risk drivers with multiple violations and an at-fault accident could pay up to $1,950
• The price for full coverage for a teen driver with full coverage can cost as much as $3,718

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on your driving record, the trim level and model year, and liability limits and deductibles.

An older driver with a clean driving record and high deductibles may pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay at least $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $660 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,230 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles can reduce prices by up to $210 every year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out $1,100 to $1,500 extra each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 40% to 134% more than average. View High Risk Driver Rates

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 Affordable Volvo S40 Insurance

Getting lower rates on car insurance consists of being a low-risk driver, maintaining good credit, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Make time to compare rates at every other renewal by getting quotes from direct companies like Progressive and GEICO, and also from local exclusive and independent agents.

The items below are a brief review of the concepts that were touched on in this article.

• Higher risk drivers with DUI or reckless driving convictions may pay on average $1,040 more annually to insure their S40
• Teen drivers are charged the highest prices, costing up to $310 a month for full coverage
• You may be able to save approximately $100 per year just by shopping early and online
• Increasing physical damage deductibles can save around $200 each year
• You may be able to save approximately $100 per year just by shopping early and online

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.