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 auto insurance rates for a Volvo S40 are $908 annually for full coverage insurance. Comprehensive costs approximately $138 each year, collision costs $170, and liability insurance costs around $442. Liability-only coverage costs as low as $496 a year, with high-risk coverage costing around $1,950. Teen drivers receive the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Rate estimates by individual coverage type:

Prices include $500 policy deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all 50 states and S40 models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a significant impact on the price of auto insurance. Rural locations tend to have fewer physical damage claims than larger metro areas.

The graphic below illustrates how where you live affects auto insurance prices.

These examples illustrate why all drivers should compare prices using their specific location and their own personal driving habits, rather than relying on price averages.

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 additional coverage and risk scenarios.

• The lowest rate with discounts is $560
• Using higher $1,000 deductibles will save $72 each year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $908
• Choosing low deductibles for physical damage coverage will cost $1,040
• Drivers with multiple violations and an at-fault accident could pay around $1,950 or more
• The cost with full coverage for a teen driver can cost $3,718 or more

View Chart as Image

Car insurance rates for a Volvo S40 can also vary considerably based on the trim level of your S40, your risk profile, and physical damage deductibles and liability limits.

More mature drivers with no driving violations and high physical damage deductibles could pay as little as $900 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will be charged in the ballpark of $3,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying anywhere from $1,100 to $1,500 extra per year, depending on your age. Insurance for high-risk drivers can be anywhere from 40% to 134% more than average. View High Risk Driver Rates

Choosing high deductibles could cut rates by as much as $210 each year, whereas increasing liability limits will push rates upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $398 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live has a huge impact on Volvo S40 insurance rates. A driver around age 40 might see rates as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

With so much variability in rates, the only way to figure out who has the best car insurance rates is to do a rate comparison from as many companies as possible. Each insurance company uses a different rate calculation, so rate quotes can be significantly different between companies.

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 Buy the Right Volvo S40 Insurance

Saving money on Volvo S40 insurance requires avoiding accidents and claims, having a good credit score, avoid buying unnecessary coverage, and avoiding coverage lapses. Take the time to comparison shop every time your policy renews by getting rate quotes from direct insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

The points below are a quick rundown of the information touched on in the above illustrations.

• It is possible to save around $100 per year simply by quoting online in advance
• Drivers under the age of 20 pay the highest auto insurance rates, costing up to $310 per month if comprehensive and collision insurance is included
• Increasing deductibles could save up to $200 each year
• High-risk drivers with reckless driving or DUI convictions could be forced to pay on average $1,040 more per year to insure a Volvo S40
• Drivers who purchase increased liability limits will pay about $490 annually to increase from a minimum limit to higher 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.