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.

Average insurance rates for a Volvo S40 are $908 a year for full coverage insurance. Comprehensive insurance costs approximately $138, collision insurance costs $170, and liability is estimated at $442. A policy with just liability insurance costs approximately $496 a year, and coverage for high-risk drivers costs $1,950 or more. 16-year-old drivers receive the highest rates at up to $3,718 a year.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Prices are based on $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all 50 states and for all S40 models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. Rural locations tend to have a lower frequency of physical damage claims than congested cities. The example below illustrates how location helps determine auto insurance prices.

These examples illustrate why everyone should get quotes using their specific location and risk profile, instead of using rate averages.

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

More Rate Details

The chart below illustrates average Volvo S40 insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $560
• Choosing higher $1,000 deductibles can save $72 each year
• The average rate for a 40-year-old driver who chooses $500 deductibles is $908
• Buying pricier low deductibles for comp and collision coverage will cost an extra $132 every year
• Unlucky drivers with multiple tickets or accidents could pay around $1,950
• The cost for full coverage for a teen driver for full coverage can cost $3,718 each year

View Chart as Image

Insurance rates for a Volvo S40 can also vary considerably based on your driver profile, the model year and trim level, and physical damage deductibles and liability limits.

A more mature driver with no violations or accidents and high deductibles may pay as little as $900 annually on average for full coverage. Rates are highest for teen drivers, where even good drivers should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

Where you live plays a big part in determining prices for Volvo S40 insurance prices. A good driver about age 40 could pay as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can save as much as $210 every year, whereas buying more liability protection will push rates upward. Switching from a 50/100 limit to a 250/500 limit will cost as much as $398 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying anywhere from $1,100 to $1,500 additional per year, depending on your age. Volvo S40 insurance for high-risk drivers ranges as much as 40% to 134% more than the average rate. 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 Affordable Volvo S40 Insurance

Saving money on car insurance takes being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and consideration of higher deductibles. Invest time comparing rates every time your policy renews by getting rate quotes from direct insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

The items below are a brief review of the information covered in the charts and tables above.

• It is possible to save around $100 per year just by quoting online well ahead of the renewal date
• Teen drivers are the costliest to insure, costing up to $310 per month including comprehensive and collision insurance
• Increasing deductibles can save around $200 each year
• Higher risk drivers with DUI or reckless driving convictions may pay on average $1,040 more per year to insure their S40
• Policyholders who purchase more liability coverage will pay around $490 annually to raise limits from a minimum limit to 250/500 limits

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.