Volvo S40 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 3, 2023

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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 prices for a Volvo S40 are $908 every 12 months with full coverage. Comprehensive insurance costs on average $138 a year, collision costs $170, and liability costs $442. A liability-only policy costs as little as $496 a year, with high-risk insurance costing $1,950 or more. Teen drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates by type of coverage:

Comprehensive $138
Collision $170
Liability $442

Full coverage includes $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all U.S. states and S40 trim levels.

Insurance Price Range by Risk and Coverage

Using a middle-aged driver as an example, insurance rates for a Volvo S40 go from the cheapest price of $496 for basic liability insurance to a high of $1,950 for a high-risk driver policy.

Liability Only $496
Full Coverage $908
High Risk $1,950

Insurance Price Range by Location

Your location can make a big difference on auto insurance rates. Rural areas are statistically proven to have more infrequent collision claims than larger metro areas.

The diagram below illustrates how where you live affects car insurance rates.

Rural Areas $681
Small Cities $953
Large Cities $1,226

These rate differences demonstrate why it is important to compare rates based on a specific location and their own driving history, instead of making a decision based on price averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Rate Comparisons

The chart below details estimated Volvo S40 insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $560
  • Drivers who choose higher $1,000 deductibles will pay around $836 annually
  • The average price for a 40-year-old good driver with $500 deductibles is $908
  • Choosing low $100 deductibles for comprehensive and collision insurance costs an extra $132 annually
  • Drivers with multiple violations and an at-fault accident could pay upwards of $1,950 or more
  • An auto insurance policy to insure a 16-year-old driver may cost $3,718 a year

View Chart as Image

Volvo S40 insurance cost comparison chart
Column chart showing full coverage Volvo S40 insurance prices range from $560 to $3,718

Auto insurance prices for a Volvo S40 also have a wide range based on physical damage deductibles and liability limits, your driving record, and the trim level of your S40.

Choosing high deductibles could save up to $210 annually, while buying higher liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $398 extra every year. View Rates by Deductible or Liability Limit

Older drivers with a good driving record and higher deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will have to pay upwards of $3,700 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you may be forking out at a minimum $1,100 to $1,500 in extra premium annually, depending on your age. A high-risk auto insurance policy can cost from 40% to 134% more than average. View High Risk Driver Rates

Where you choose to live makes a big difference in Volvo S40 insurance prices. 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.

Volvo S40 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $822 -$86 -9.5%
Alaska $698 -$210 -23.1%
Arizona $756 -$152 -16.7%
Arkansas $908 -$0 0.0%
California $1,036 $128 14.1%
Colorado $868 -$40 -4.4%
Connecticut $936 $28 3.1%
Delaware $1,028 $120 13.2%
Florida $1,136 $228 25.1%
Georgia $840 -$68 -7.5%
Hawaii $652 -$256 -28.2%
Idaho $616 -$292 -32.2%
Illinois $676 -$232 -25.6%
Indiana $684 -$224 -24.7%
Iowa $614 -$294 -32.4%
Kansas $864 -$44 -4.8%
Kentucky $1,240 $332 36.6%
Louisiana $1,346 $438 48.2%
Maine $560 -$348 -38.3%
Maryland $750 -$158 -17.4%
Massachusetts $728 -$180 -19.8%
Michigan $1,580 $672 74.0%
Minnesota $760 -$148 -16.3%
Mississippi $1,088 $180 19.8%
Missouri $806 -$102 -11.2%
Montana $978 $70 7.7%
Nebraska $716 -$192 -21.1%
Nevada $1,090 $182 20.0%
New Hampshire $654 -$254 -28.0%
New Jersey $1,016 $108 11.9%
New Mexico $804 -$104 -11.5%
New York $960 $52 5.7%
North Carolina $524 -$384 -42.3%
North Dakota $744 -$164 -18.1%
Ohio $630 -$278 -30.6%
Oklahoma $934 $26 2.9%
Oregon $832 -$76 -8.4%
Pennsylvania $868 -$40 -4.4%
Rhode Island $1,214 $306 33.7%
South Carolina $822 -$86 -9.5%
South Dakota $768 -$140 -15.4%
Tennessee $798 -$110 -12.1%
Texas $1,096 $188 20.7%
Utah $674 -$234 -25.8%
Vermont $622 -$286 -31.5%
Virginia $544 -$364 -40.1%
Washington $704 -$204 -22.5%
West Virginia $832 -$76 -8.4%
Wisconsin $630 -$278 -30.6%
Wyoming $810 -$98 -10.8%

View Chart as Image

Volvo S40 insurance rates by U.S. city

With such a large range in prices, the best way to find out exactly what you will pay is to get quotes from multiple companies. Every company uses a different rate calculation, and quoted prices will be substantially different.

Insurance Rates by Trim Level and Model Year

Volvo S40 Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Volvo S40 2.4I $894 $75
Volvo S40 T5 $924 $77
Volvo S40 T5 AWD R-Design $924 $77

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.

Volvo S40 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Volvo S40 $166 $226 $474 $1,024
2009 Volvo S40 $162 $202 $468 $990
2008 Volvo S40 $158 $198 $460 $974
2006 Volvo S40 $142 $180 $446 $926

Rates are averaged for all Volvo S40 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Shop for More Affordable Volvo S40 Insurance

Finding better rates on insurance for a Volvo S40 not only requires avoiding accidents and violations, but also having a good credit score, being claim-free, and taking advantage of discounts. Take the time to comparison shop every time your policy renews by quoting rates from direct companies, and also from local exclusive and independent agents.

The list below is a summary of the information touched on in the above illustrations.

  • You may be able to save as much as $100 per year simply by quoting early and online
  • Teenagers are charged the highest prices, possibly costing $310 per month if comprehensive and collision insurance is included
  • Increasing policy deductibles could save as much as $200 each year
  • Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,040 more each year for car insurance
  • Insureds who require higher liability limits will pay about $490 every year to go from 30/60 bodily injury limits to a 250/500 level

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.

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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:

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.

Rates by Driver Age

Volvo S40 Insurance Rates by Driver Age
Driver Age Premium
16 $3,718
20 $2,078
30 $922
40 $908
50 $836
60 $818

Full coverage, $500 deductibles

Rates by Deductible

Volvo S40 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,040
$250 $982
$500 $908
$1,000 $836

Full coverage, driver age 40

Rates by Liability Limit

Volvo S40 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $908
50/100 $1,012
100/300 $1,123
250/500 $1,410
100 CSL $1,057
300 CSL $1,300
500 CSL $1,477

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S40 Insurance Rates for High Risk Drivers
Age Premium
16 $5,216
20 $3,308
30 $1,960
40 $1,950
50 $1,866
60 $1,846

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $119

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $45
Multi-vehicle $49
Homeowner $16
5-yr Accident Free $53
5-yr Claim Free $56
Paid in Full/EFT $31
Advance Quote $38
Online Quote $60
Total Discounts $348
Rate after discounts $560

Discounts are estimated and may not be available from every company or in every state.

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