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 approximately $138, collision insurance costs $170, and liability costs $442. Liability-only coverage costs as little as $496 a year, and high-risk coverage costs $1,950 or more. 16-year-old drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance prices. Rural locations are shown to have lower incidents of comprehensive and collision claims than congested cities. The example below illustrates how geographic area affects auto insurance prices.

The examples above highlight why everyone should compare rates using their specific location, instead of making a decision based on rate averages.

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 and risk scenarios.

• The best full coverage rate is $560
• Drivers who choose higher $1,000 deductibles will pay $72 every year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $908
• Buying pricier low deductibles for comprehensive and collision insurance will cost an additional $132 annually
• Drivers with multiple tickets or accidents could pay around $1,950
• Policy cost that insures a 16-year-old driver for full coverage can cost $3,718 a year

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on the model of your S40, your driving record and age, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are likely paying anywhere from $1,100 to $1,500 additional every year, depending on your age. Volvo S40 insurance for high-risk drivers can cost from 40% to 134% more than the average rate. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay in the ballpark of $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 $700 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could save up to $210 annually, whereas buying more liability protection will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

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 More Affordable Volvo S40 Insurance

Finding cheaper rates on insurance for a Volvo S40 not only requires avoiding accidents and claims, but also having a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Comparison shop at least every other year by getting rate quotes from direct car insurance companies, and also from local auto insurance providers.

The points below are a summary of the car insurance concepts presented in the illustrations above.

• Drivers considered higher risk who have multiple accidents or major violations will likely pay on average $1,040 more per year to insure a Volvo S40
• You may be able to save around $100 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save approximately $200 each year
• Insureds who purchase increased liability limits will pay around $490 per year to go from a 30/60 limit to the 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.

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.