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 for full coverage insurance. Comprehensive costs an estimated $138 a year, collision costs $170, and liability costs around $442. Buying just liability costs as low as $496 a year, with insurance for high-risk drivers costing around $1,950. Teens cost the most to insure at $3,718 a year or more.

Average premium for full coverage: $908

Policy rates broken down by type of insurance:

Includes $500 physical damage deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 states and S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than cities with more traffic congestion.

The diagram below illustrates how rural and urban location affects insurance prices.

The examples above illustrate why it is important to compare prices for a targeted area and risk profile, instead of making a decision based on averaged prices.

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

Additional Rate Details

The chart below illustrates estimated Volvo S40 insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $560
• Using higher $1,000 deductibles will save approximately $836 each year
• The average rate for a good driver age 40 who has $500 deductibles is $908
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $1,040
• High-risk insureds with serious driving violations could pay up to $1,950 or more
• Policy cost for full coverage for a 16-year-old driver can cost as much as $3,718 or more

View Chart as Image

Insurance rates for a Volvo S40 also range considerably based on your risk profile, the model year and trim level, and liability limits and deductibles.

Older drivers with a clean driving record and high deductibles may pay as low as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay at least $3,700 a year. View Rates by Age

Your home state has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see rates as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $210 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $398 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,100 to $1,500 extra every year, depending on your age. A high-risk auto insurance policy can be from 40% to 134% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to get quotes from multiple companies. Each insurance company calculates rates differently, so the rates will be varied from one company to the next.

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 Cheapest Volvo S40 Insurance

Finding cheaper rates on insurance for a Volvo S40 requires being a safe and courteous driver, maintaining good credit, being claim-free, and taking advantage of discounts. Set aside time to shop around at least once a year by quoting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

Below is a recap of the primary concepts that were raised in the charts and tables above.

• It is possible to save approximately $100 per year simply by quoting early and online
• Drivers considered higher risk that have major violations or accidents pay on average $1,040 more annually for auto insurance
• Increasing comprehensive and collision deductibles can save around $200 each year
• Teenage drivers are charged the highest rates, possibly costing $310 each month for full coverage

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.