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 prices for a Volvo S40 are $908 every 12 months for full coverage. Comprehensive insurance costs an estimated $138, collision insurance costs $170, and liability coverage costs $442. Liability-only insurance costs as little as $496 a year, and high-risk driver insurance costs $1,950 or more. Teens pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates broken down by individual coverage:

Includes $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all states and for different S40 trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a large influence on insurance rates. More rural locations have more infrequent accident claims than cities with more traffic congestion. The price range example below illustrates how location impacts insurance prices.

The ranges above show why anyone shopping for car insurance should compare rates for a targeted area and their own driving history, rather than using averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $560
• Drivers who choose higher $1,000 deductibles will pay approximately $72 a year
• The average price for the average middle-age driver who has $500 deductibles is $908
• Selecting more expensive low deductibles for comprehensive and collision insurance costs an extra $132 each year
• High-risk insureds with serious driving violations could pay up to $1,950
• The price to insure a teenage driver with full coverage can cost as much as $3,718 a year

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Car insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles could save up to $210 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles may only pay around $900 per year on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged at least $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,100 to $1,500 extra each year, depending on your age. High-risk driver insurance can cost around 40% to 134% more than the average policy. View High Risk Driver Rates

The state you live in makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $600 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,300 on average in New York, Louisiana, and Michigan.

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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 Shop for the Cheapest Volvo S40 Insurance

Getting lower rates on auto insurance not only requires avoiding accidents and violations, but also maintaining a good credit score, eliminating unnecessary coverage, and possibly higher deductibles. Spend time shopping around every other policy renewal by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The list below is a recap of the ideas that were touched on above.

• Teenagers have the highest car insurance prices, with premiums as much as $310 a month if the policy includes full coverage
• Drivers that have major violations or accidents pay on average $1,040 more annually for car insurance
• Increasing physical damage deductibles could save as much as $200 each year
• Drivers can 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.