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 for full coverage. Comprehensive costs around $138 a year, collision costs $170, and liability insurance is $442. Liability-only coverage costs around $496 a year, with high-risk coverage costing around $1,950. 16-year-old drivers pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates for individual coverage:

Full coverage includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all states and S40 trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on auto insurance rates. Areas with sparse population have lower incidents of accident claims than congested cities.

The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

The ranges above show why it is important to compare rates quotes for a specific zip code, rather than relying on rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save about $836 a year
• The estimated price for the average middle-age driver using $500 deductibles is $908
• Buying low $100 deductibles bumps up the cost to $1,040
• Higher-risk drivers with multiple tickets or accidents could pay at least $1,950 or more
• The price that insures a teen driver can be $3,718

View Chart as Image

Auto insurance prices for a Volvo S40 are also quite variable based on the trim level of your S40, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $1,100 to $1,500 in extra premium each year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 40% to 134% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay as much as $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices as low as $600 a year in states like Idaho, Maine, and Iowa, or at least $1,300 on average in Michigan, Louisiana, and New York.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $210 each year, while buying higher liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know your exact price is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and quoted prices may be quite different.

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 More Affordable Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance consists of being safe and accident-free, maintaining a good credit score, eliminating unnecessary coverage, and maximizing policy discounts. Comparison shop every other policy renewal by requesting rates from direct carriers, and also from several local insurance agents.

Below you'll find a summary of the ideas that were covered above.

• Youthful drivers are expensive to insure, with premiums as much as $310 a month if the policy includes full coverage
• High-risk drivers who have multiple accidents or major violations pay on average $1,040 more every year than a low-risk driver
• Increasing physical damage deductibles can save approximately $200 each year
• Drivers can save up to $100 per year simply by quoting 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.