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 prices for a Volvo S40 are $908 every 12 months for full coverage. Comprehensive costs an estimated $138 a year, collision insurance costs $170, and liability costs around $442. Liability-only insurance costs as low as $496 a year, and high-risk driver insurance costs around $1,950. Teens pay the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Price estimates broken down by individual coverage:

Rates are based on $500 deductible amounts, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all states and S40 trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on insurance rates. More rural locations have more infrequent accident claims than cities with more traffic congestion. The diagram below illustrates the effect of geographic area on insurance prices.

The ranges above show why it is important to compare prices for a targeted area and their own driving history, instead of using averaged prices.

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

More Rate Details

The chart below shows average Volvo S40 insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $560
• Using higher $1,000 deductibles will save approximately $836 a year
• The average price for the average middle-age driver who has $500 deductibles is $908
• Selecting low $100 deductibles for physical damage coverage increases the price to $1,040
• Drivers with serious driving violations could pay up to $1,950
• The price to insure a teen driver can cost as much as $3,718 or more

View Chart as Image

Car insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $210 every year, while buying higher liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as little as $900 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged at least $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,100 to $1,500 extra each year, depending on your age. A high-risk auto insurance policy can be as much as 40% to 134% more than the average policy. View High Risk Driver Rates

The state you live in has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see prices as low as $600 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,300 on average in New York, Louisiana, and Michigan.

View Chart as Image

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 the Best Cheap Volvo S40 Insurance

Getting lower rates on car insurance requires having a good driving record, maintaining a good credit score, eliminating unnecessary coverage, and possibly higher deductibles. Take the time to compare rates at every other renewal by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The next list is a quick review of the concepts that were covered in the above illustrations.

• Higher risk drivers with a DUI or reckless driving violation pay on average $1,040 more annually to buy Volvo S40 insurance
• Drivers age 20 and younger have the highest car insurance prices, with premiums as much as $310 a month if the policy includes full coverage
• Drivers can save approximately $100 per year just by quoting early and online
• Increasing physical damage deductibles could save as much as $200 each year
• Drivers can save approximately $100 per year just by quoting early and online

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.