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.

The average insurance rates for a Volvo S40 are $908 a year for full coverage insurance. Comprehensive insurance costs an estimated $138 a year, collision costs $170, and liability costs $442. Liability-only coverage costs as little as $496 a year, with high-risk coverage costing $1,950 or more. Teenage drivers cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates broken down by type of insurance:

Prices are based on $500 deductible amounts, 30/60 liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 states and S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than densely populated cities.

The diagram below illustrates how where you live affects insurance prices.

The examples above illustrate why it is important to compare rates for a targeted area and risk profile, instead of using average rates.

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

Rate Comparisons

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

• The best discount rate is $560
• Drivers who choose higher $1,000 deductibles will pay approximately $836 each year
• The average rate for a good driver age 40 who has $500 deductibles is $908
• Using low $100 deductibles for comprehensive and collision insurance will cost an extra $132 every year
• Higher-risk drivers who are prone to accidents and violations could pay up to $1,950 or more
• Policy cost for full coverage for a teen driver can cost as much as $3,718 a year

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on your risk profile, the model year and trim level, and liability limits and deductibles.

Older drivers with no violations or accidents and high deductibles may pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay at least $3,700 a year. View Rates by Age

Your home state makes a big difference in Volvo S40 insurance prices. A 40-year-old driver could pay as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could save up to $210 every year, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,100 to $1,500 additional every year, depending on your age. A high-risk auto insurance policy can cost as much as 40% to 134% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to get quotes and see which company has the best rate. Every company uses a different method to calculate rates, and rates will be varied from one company to the next.

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 Affordable Volvo S40 Insurance

Finding cheaper rates on car insurance not only requires having a good driving record, but also having a good credit history, being claim-free, and maximizing policy discounts. Take the time to comparison shop at every policy renewal by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The next list is a brief review of the data touched on in the above illustrations.

• Policyholders who want increased levels of liability coverage will pay an extra $490 annually to go from a 30/60 limit to 250/500 limits
• It is possible to save approximately $100 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save around $200 each year
• Drivers age 20 and younger are expensive to insure, possibly costing $310 each month including comprehensive and collision insurance

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.