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.

U.S. average insurance rates for a Volvo S40 are $908 a year for full coverage insurance. Comprehensive costs on average $138, collision costs $170, and liability is $442. A policy with just liability insurance costs around $496 a year, with coverage for high-risk drivers costing around $1,950. Teens pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates by individual coverage:

Prices include $500 policy deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and for all S40 models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on insurance rates. Rural areas have lower incidents of physical damage claims than cities with more traffic congestion.

The example below illustrates how location helps determine car insurance rates.

The ranges above illustrate why everyone should compare rates quotes based on a specific location, instead of using averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $560
• Raising to $1,000 deductibles will save around $72 each year
• The estimated price for the average middle-age driver with $500 deductibles is $908
• Selecting pricier low deductibles bumps up the cost to $1,040
• At-risk drivers with serious driving violations could pay upwards of $1,950 or more
• The price that insures a teen driver for full coverage may cost $3,718

View Chart as Image

Insurance prices for a Volvo S40 are also quite variable based on the model of your S40, your age and driving record, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you are probably paying at a minimum $1,100 to $1,500 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost as much as 40% to 134% more than the average policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as little as $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay upwards of $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance prices. A middle-age driver might find prices as low as $600 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,230 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $210 every year, whereas buying more liability protection will cost you more. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more per year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to figure out exactly what you will pay is to regularly compare prices and see which company has the best price. Every auto insurance company calculates prices differently, so the prices may be quite 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 Find the Right Volvo S40 Insurance

Getting lower rates on car insurance consists of avoiding accidents and claims, having above-average credit, not filing small claims, and bundling your home and auto policies. Compare rates at every other renewal by requesting rates from direct insurance companies, and also from your local independent and exclusive agents.

The points below are a quick rundown of the concepts that were covered in the charts and tables above.

• Higher risk drivers with reckless driving or DUI convictions may pay on average $1,040 more each year to insure a Volvo S40
• Drivers under the age of 20 pay the highest prices, as much as $310 a month if full coverage is included
• It is possible to save as much as $100 per year simply by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save approximately $200 each year
• It is possible to save as much as $100 per year simply by quoting online well ahead of the renewal date

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.