Volvo S40 Insurance Rates
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UPDATED: Apr 3, 2020
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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 $974 every 12 months with full coverage. Comprehensive insurance costs an estimated $158, collision insurance costs $198, and liability costs $460. A policy with just liability insurance costs as little as $510 a year, and coverage for high-risk drivers costs $2,092 or more. Teenage drivers pay the highest rates at up to $3,940 a year.
Average premium for full coverage: $974
Price estimates broken down by individual coverage:
Full coverage includes $500 deductible amounts, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and for all S40 models.
Price Range from Low to High
Using a middle-aged driver as an example, Volvo S40 insurance prices range from the cheapest price of $510 for basic liability insurance to the much higher price of $2,092 for a high-risk insurance policy.
Geographic Price Range
Your location can have significant affects on car insurance rates. More rural locations have more infrequent collision claims than densely populated cities. The example below illustrates how where you live affects insurance prices.
The ranges above demonstrate why everyone should compare rates for a targeted area and their own driving history, instead of using average rates.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
The chart below details average Volvo S40 insurance rates for other coverage scenarios.
- The best discount rate is $596
- Drivers who choose higher $1,000 deductibles will pay approximately $82 annually
- The average price for the average middle-age driver who has $500 deductibles is $974
- Using pricier low deductibles for comprehensive and collision insurance costs an extra $156 every year
- Higher-risk drivers who are prone to accidents and violations could pay up to $2,092
- The price to insure a teen driver for full coverage can cost as much as $3,940 a year
Insurance prices for a Volvo S40 are also quite variable based on deductibles and policy limits, your driving record, and the model year and trim level.
Using high physical damage deductibles could save up to $240 every year, whereas buying more liability protection will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 more per year. View Rates by Deductible or Liability Limit
A more mature driver with a clean driving record and higher deductibles may pay as little as $900 per year on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers can expect to pay at least $3,900 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you may be forking out $1,200 to $1,600 extra each year, depending on your age. Volvo S40 insurance for high-risk drivers can cost as much as 41% to 137% more than a normal policy. View High Risk Driver Rates
The state you live in makes a big difference in Volvo S40 insurance prices. A 40-year-old driver could pay as low as $700 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,320 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Volvo S40 2.4I||$958||$80|
|Volvo S40 T5||$992||$83|
|Volvo S40 T5 AWD R-Design||$992||$83|
Rates assume 2006 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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2010 Volvo S40||$190||$272||$478||$1,098|
|2009 Volvo S40||$176||$248||$474||$1,056|
|2008 Volvo S40||$166||$226||$474||$1,024|
|2006 Volvo S40||$158||$198||$460||$974|
|2004 Volvo S40||$142||$180||$446||$926|
Rates are averaged for all Volvo S40 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for More Affordable Volvo S40 Insurance
Getting lower rates on car insurance not only requires having a good driving record, but also having good credit, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Take the time to comparison shop at least every other year by obtaining price quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The next list is a summary of the car insurance concepts touched on in the above illustrations.
- Higher risk drivers who have multiple accidents or major violations may pay on average $1,120 more annually to buy Volvo S40 insurance
- You may be able to save approximately $110 per year just by quoting online well ahead of the renewal date
- Increasing physical damage deductibles could save as much as $250 each year
- Policyholders who want increased levels of liability coverage will pay an extra $510 every year to go from a low limit to a 250/500 level
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.
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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:
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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$58|
|5-yr Claim Free||$61|
|Paid in Full/EFT||$34|
Discounts are estimated and may not be available from every company or in every state.