Volvo S40 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

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.

Average insurance rates for a Volvo S40 are $990 a year for full coverage. Comprehensive costs on average $162 a year, collision costs $202, and liability insurance costs $468. A liability-only policy costs as little as $518 a year, with high-risk insurance costing around $2,130. Teen drivers receive the highest rates at $4,004 a year or more.

Average premium for full coverage: $990

Rate estimates by individual coverage type:

Comprehensive $162
Collision $202
Liability $468

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and S40 trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $518 for only liability insurance to a high of $2,130 for a high risk driver.

Liability Only $518
Full Coverage $990
High Risk $2,130

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $743
Small Cities $1,040
Large Cities $1,337

These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price averages.

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.

Insurance Rate Analysis

The chart below shows estimated Volvo S40 insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $603
  • Drivers who choose higher $1,000 deductibles will pay around $906 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $990
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,146
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,130 or more
  • The cost for full coverage for a teen driver may cost $4,004 a year

View Chart as Image

Volvo S40 insurance cost comparison chart
Column chart showing full coverage Volvo S40 insurance rates range from $603 to $4,004

for a Volvo S40 can also vary considerably based on your driver profile, the trim level of your S40, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $900 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $4,000 a year. View Rates by Age

Where you live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $650 a year in states like Idaho, Maine, and Iowa, or as much as $1,420 on average in Michigan, Louisiana, and New York.

Volvo S40 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $898 -$92 -9.3%
Alaska $762 -$228 -23.0%
Arizona $822 -$168 -17.0%
Arkansas $990 -$0 0.0%
California $1,128 $138 13.9%
Colorado $948 -$42 -4.2%
Connecticut $1,020 $30 3.0%
Delaware $1,122 $132 13.3%
Florida $1,242 $252 25.5%
Georgia $914 -$76 -7.7%
Hawaii $712 -$278 -28.1%
Idaho $672 -$318 -32.1%
Illinois $738 -$252 -25.5%
Indiana $746 -$244 -24.6%
Iowa $666 -$324 -32.7%
Kansas $944 -$46 -4.6%
Kentucky $1,352 $362 36.6%
Louisiana $1,466 $476 48.1%
Maine $612 -$378 -38.2%
Maryland $816 -$174 -17.6%
Massachusetts $792 -$198 -20.0%
Michigan $1,722 $732 73.9%
Minnesota $828 -$162 -16.4%
Mississippi $1,188 $198 20.0%
Missouri $880 -$110 -11.1%
Montana $1,066 $76 7.7%
Nebraska $782 -$208 -21.0%
Nevada $1,188 $198 20.0%
New Hampshire $714 -$276 -27.9%
New Jersey $1,108 $118 11.9%
New Mexico $878 -$112 -11.3%
New York $1,046 $56 5.7%
North Carolina $570 -$420 -42.4%
North Dakota $812 -$178 -18.0%
Ohio $686 -$304 -30.7%
Oklahoma $1,018 $28 2.8%
Oregon $908 -$82 -8.3%
Pennsylvania $946 -$44 -4.4%
Rhode Island $1,322 $332 33.5%
South Carolina $898 -$92 -9.3%
South Dakota $836 -$154 -15.6%
Tennessee $870 -$120 -12.1%
Texas $1,194 $204 20.6%
Utah $734 -$256 -25.9%
Vermont $678 -$312 -31.5%
Virginia $594 -$396 -40.0%
Washington $766 -$224 -22.6%
West Virginia $908 -$82 -8.3%
Wisconsin $686 -$304 -30.7%
Wyoming $884 -$106 -10.7%

View Chart as Image

Volvo S40 insurance rates by U.S. city

Choosing high deductibles could save up to $240 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $421 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,200 to $1,700 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 42% to 135% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

Insurance Rates by Trim Level and Model Year

Volvo S40 Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Volvo S40 2.4I $972 $81
Volvo S40 T5 $1,008 $84
Volvo S40 T5 AWD R-Design $1,008 $84

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.

Volvo S40 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Volvo S40 $194 $300 $474 $1,126
2009 Volvo S40 $190 $272 $478 $1,098
2008 Volvo S40 $176 $248 $474 $1,056
2006 Volvo S40 $162 $202 $468 $990
2004 Volvo S40 $156 $188 $452 $954

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 Find Cheaper Volvo S40 Insurance

Saving money on Volvo S40 insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $250 each year
  • Drivers can save as much as $110 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $520 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $334 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $1,140 more each year for 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.

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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.

Rates by Driver Age

Volvo S40 Insurance Rates by Driver Age
Driver Age Premium
16 $4,004
20 $2,262
30 $1,008
40 $990
50 $910
60 $892

Full coverage, $500 deductibles

Rates by Deductible

Volvo S40 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,146
$250 $1,076
$500 $990
$1,000 $906

Full coverage, driver age 40

Rates by Liability Limit

Volvo S40 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $990
50/100 $1,102
100/300 $1,219
250/500 $1,523
100 CSL $1,148
300 CSL $1,406
500 CSL $1,593

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S40 Insurance Rates for High Risk Drivers
Age Premium
16 $5,632
20 $3,606
30 $2,144
40 $2,130
50 $2,036
60 $2,014

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.

SR-22 Surcharge $132

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $50
Multi-vehicle $53
Homeowner $18
5-yr Accident Free $59
5-yr Claim Free $62
Paid in Full/EFT $35
Advance Quote $43
Online Quote $67
Total Discounts $387
Rate after discounts $603

Discounts are estimated and may not be available from every company or in every state.

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