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.

Average insurance prices for a Volvo S40 are $908 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $138 each year, collision insurance costs $170, and liability is estimated at $442. Buying just liability costs approximately $496 a year, and insurance for high-risk drivers costs $1,950 or more. 16-year-old drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates broken down by individual coverage type:

Price estimates include $500 physical damage deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and S40 models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can make a big difference on the price of insurance. More rural locations tend to have more infrequent physical damage claims than congested cities. The graphic below illustrates the difference location can make on insurance prices.

These examples illustrate why all drivers should get quotes for a targeted area and their own driving history, instead of making a decision based on rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $560
• Choosing higher $1,000 deductibles can save approximately $72 each year
• The average price for a 40-year-old driver who has $500 deductibles is $908
• Buying low deductibles for comp and collision coverage costs an extra $132 annually
• Higher-risk drivers with multiple tickets or accidents could pay up to $1,950
• The cost to insure a 16-year-old driver can cost as much as $3,718 each year

View Chart as Image

Auto insurance rates for a Volvo S40 can also vary considerably based on policy deductibles and limits, your risk profile, and the model year and trim level.

Opting for high physical damage deductibles can save as much as $210 annually, whereas increasing liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $398 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles may pay as low as $900 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will have to pay at least $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying $1,100 to $1,500 in extra premium per year, depending on your age. Insurance for high-risk drivers ranges from 40% to 134% more than the average rate. View High Risk Driver Rates

Where you live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

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 Cheaper Volvo S40 Insurance

Saving money on insurance for a Volvo S40 takes being a safe and courteous driver, having a good credit score, avoid buying unnecessary coverage, and consideration of higher deductibles. Make time to compare rates every couple of years by obtaining price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

Below is a condensed summary of the material that was touched on in this article.

• Insureds who want higher levels of liability will pay around $490 annually to raise limits from a minimum limit to a 250/500 level
• Teenage drivers are the costliest to insure, costing up to $310 per month if comprehensive and collision insurance is included
• Drivers considered higher risk with multiple at-fault accidents could be forced to pay on average $1,040 more annually for auto insurance
• Increasing deductibles could save as much as $200 each year

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.