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

Average premium for full coverage: $908

Rate estimates broken down by individual coverage type:

Prices are based on $500 deductible amounts, minimum liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all U.S. states and S40 trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a large influence on car insurance rates. More rural locations tend to have more infrequent collision claims than congested cities.

The diagram below illustrates how rural and urban location affects insurance prices.

These examples demonstrate why it is important to compare rates quotes for a targeted area and their own driving history, rather than using rate averages.

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

More Rate Information

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save approximately $836 annually
• The average price for a 40-year-old driver who has $500 deductibles is $908
• Buying low $100 deductibles costs an extra $132 each year
• Unlucky drivers with multiple tickets or accidents could pay up to $1,950 or more
• The cost to insure a teenage driver can cost as much as $3,718

View Chart as Image

Insurance rates for a Volvo S40 can also vary considerably based on policy deductibles and limits, your driving record, and the model year and trim level.

Opting for high physical damage deductibles can reduce rates by up to $210 a year, while buying higher liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $398 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may only pay around $900 every 12 months on average for full coverage. Rates are highest for teen drivers, since even excellent drivers can expect 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 may be forking out $1,100 to $1,500 extra per year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 40% to 134% more than the average rate. View High Risk Driver Rates

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

View Chart as Image

With so much variability in rates, the best way to find out which company is cheapest is to get quotes and see how they stack up. Every auto insurance company utilizes a different rate formula, so the rates can be significantly 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 Shop for Affordable Volvo S40 Insurance

Saving money on auto insurance consists of having a good driving record, having good credit, eliminating unnecessary coverage, and taking advantage of discounts. Set aside time to shop around every couple of years by quoting rates from direct companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The next list is a brief review of the material that was raised in the charts and tables above.

• Consumers who want increased levels of liability coverage will pay around $490 every year to raise from a minimum limit to a 250/500 level
• Drivers age 20 and younger are charged the highest rates, with premiums as much as $310 per month if they have full coverage
• Drivers with DUI or reckless driving convictions may pay on average $1,040 more annually to buy Volvo S40 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.