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

Average premium for full coverage: $908

Policy rates for type of insurance:

Prices are based on $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Prices are averaged for all U.S. states and for different S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than larger metro areas. The price range example below illustrates how where you live affects auto insurance rates.

The examples above demonstrate why anyone shopping for car insurance should compare rates for a specific zip code, rather than using price averages.

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

More Rate Information

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

• The lowest rate with discounts is $560
• Drivers who choose higher $1,000 deductibles will pay about $72 annually
• The estimated price for a good driver age 40 using $500 deductibles is $908
• Choosing more expensive low deductibles for comprehensive and collision insurance will cost an additional $132 each year
• High-risk insureds with multiple violations and an at-fault accident could pay at least $1,950
• Policy cost that insures a teenage driver with full coverage can be $3,718 a year

View Chart as Image

Auto insurance rates for a Volvo S40 also range considerably based on the model year and trim level, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $1,100 to $1,500 in extra premium every year, depending on your age. High-risk driver insurance can cost around 40% to 134% more than average. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may only pay around $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay as much as $3,700 a year. View Rates by Age

Your home state makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $660 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,230 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles could save up to $210 a year, while increasing your policy's liability limits will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $398 extra every 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 Affordable Volvo S40 Insurance

Finding cheaper rates on auto insurance not only requires avoiding accidents and violations, but also maintaining a good credit score, not filing small claims, and possibly raising deductibles. Shop around every year by obtaining price quotes from direct companies, and also from your local independent and exclusive agents.

The list below is a brief review of the coverage data touched on in the above illustrations.

• You may be able to save up to $100 per year just by shopping early and online
• Increasing comprehensive and collision deductibles can save approximately $200 each year
• Teenagers are expensive to insure, as much as $310 each month if the policy includes full coverage
• Drivers with DUI or reckless driving convictions may pay on average $1,040 more every year for car insurance

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.