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 including full coverage. Comprehensive insurance costs around $138, collision insurance costs $170, and liability insurance costs around $442. Buying just liability costs as low as $496 a year, and insurance for high-risk drivers costs $1,950 or more. Teens cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates for type of insurance:

Includes $500 policy deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on the price of insurance. Areas with sparse population are shown to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The price range example below illustrates the difference location can make on auto insurance rates.

The examples above highlight why anyone shopping for car insurance should compare prices for a specific zip code and risk profile, rather than relying on averaged prices.

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

Additional Rate Analysis

The chart below breaks down average Volvo S40 insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $560
• Using higher $1,000 deductibles will save about $72 every year
• The average rate for a good driver age 40 using $500 deductibles is $908
• Selecting more expensive low deductibles for physical damage coverage will cost an extra $132 a year
• Drivers with serious driving violations could pay at least $1,950
• Policy cost for full coverage for a teen driver with full coverage can be $3,718 or more

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on your risk profile, the model of your S40, and deductibles and policy limits.

An older driver with a clean driving record and high deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay as much as $3,700 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see rates as low as $700 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,300 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $210 each year, while increasing your policy's liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $398 more per 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 likely paying at least $1,100 to $1,500 extra every year, depending on your age. High-risk driver insurance can be anywhere from 40% to 134% more than the average policy. View High Risk Driver Rates

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 the Cheapest Volvo S40 Insurance

Finding cheaper rates on Volvo S40 insurance requires being a good driver, maintaining good credit, paying for small claims out-of-pocket, and dropping full coverage on older vehicles. Make time to compare rates at every policy renewal by requesting rates from direct car insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following list is a recap of the data touched on in this article.

• Drivers who may need an increased level of liability coverage will pay approximately $490 per year to increase from a 30/60 limit to 250/500 limits
• You may be able to save up to $100 per year just by shopping early and online
• Increasing comprehensive and collision deductibles can save around $200 each year
• Drivers age 16 to 20 pay higher rates, with premiums being up to $310 each month for full coverage

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.