Volvo S40 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 3, 2023

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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 rates for a Volvo S40 are $908 a year for full coverage. Comprehensive costs around $138 a year, collision costs $170, and liability insurance is $442. Buying just liability costs around $496 a year, with insurance for high-risk drivers costing around $1,950. Teen drivers pay the highest rates at $3,718 a year or more.

Average premium for full coverage: $908

Price estimates for individual coverage:

Comprehensive $138
Collision $170
Liability $442

Rates are based on $500 deductible amounts, liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all states and S40 trim levels.

Price Range from Low to High

For a driver around age 40, Volvo S40 insurance prices go from the low end price of $496 for a discount liability-only rate to a high of $1,950 for a driver that may need high-risk insurance.

Liability Only $496
Full Coverage $908
High Risk $1,950

Geographic Price Range

Choosing to live in a large city has a significant impact on auto insurance rates. Areas with sparse population have lower incidents of accident claims than larger metro areas.

The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

Rural Areas $681
Small Cities $953
Large Cities $1,226

The ranges above show why it is important to compare rates quotes for a specific zip code, 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.

Rates by State, City, and Model

The chart below shows estimated Volvo S40 insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $560
  • Raising to $1,000 deductibles will save about $836 a year
  • The estimated price for the average middle-age driver using $500 deductibles is $908
  • Choosing low $100 deductibles bumps up the cost to $1,040
  • Higher-risk drivers with multiple violations and an at-fault accident could pay at least $1,950 or more
  • The price that insures a teen driver can be $3,718

View Chart as Image

Volvo S40 insurance cost comparison chart
Column chart showing full coverage Volvo S40 insurance rates range from $560 to $3,718

Insurance prices for a Volvo S40 are also quite variable based on the trim level of your S40, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $1,100 to $1,500 additional each year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 40% to 134% more than average. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay as much as $3,700 a year. View Rates by Age

The state you live in also has a big influence on Volvo S40 insurance rates. A middle-age driver might find prices as low as $600 a year in states like Idaho, Maine, and Iowa, or as much as $1,300 on average in Michigan, Louisiana, and New York.

Volvo S40 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $822 -$86 -9.5%
Alaska $698 -$210 -23.1%
Arizona $756 -$152 -16.7%
Arkansas $908 -$0 0.0%
California $1,036 $128 14.1%
Colorado $868 -$40 -4.4%
Connecticut $936 $28 3.1%
Delaware $1,028 $120 13.2%
Florida $1,136 $228 25.1%
Georgia $840 -$68 -7.5%
Hawaii $652 -$256 -28.2%
Idaho $616 -$292 -32.2%
Illinois $676 -$232 -25.6%
Indiana $684 -$224 -24.7%
Iowa $614 -$294 -32.4%
Kansas $864 -$44 -4.8%
Kentucky $1,240 $332 36.6%
Louisiana $1,346 $438 48.2%
Maine $560 -$348 -38.3%
Maryland $750 -$158 -17.4%
Massachusetts $728 -$180 -19.8%
Michigan $1,580 $672 74.0%
Minnesota $760 -$148 -16.3%
Mississippi $1,088 $180 19.8%
Missouri $806 -$102 -11.2%
Montana $978 $70 7.7%
Nebraska $716 -$192 -21.1%
Nevada $1,090 $182 20.0%
New Hampshire $654 -$254 -28.0%
New Jersey $1,016 $108 11.9%
New Mexico $804 -$104 -11.5%
New York $960 $52 5.7%
North Carolina $524 -$384 -42.3%
North Dakota $744 -$164 -18.1%
Ohio $630 -$278 -30.6%
Oklahoma $934 $26 2.9%
Oregon $832 -$76 -8.4%
Pennsylvania $868 -$40 -4.4%
Rhode Island $1,214 $306 33.7%
South Carolina $822 -$86 -9.5%
South Dakota $768 -$140 -15.4%
Tennessee $798 -$110 -12.1%
Texas $1,096 $188 20.7%
Utah $674 -$234 -25.8%
Vermont $622 -$286 -31.5%
Virginia $544 -$364 -40.1%
Washington $704 -$204 -22.5%
West Virginia $832 -$76 -8.4%
Wisconsin $630 -$278 -30.6%
Wyoming $810 -$98 -10.8%

View Chart as Image

Volvo S40 insurance rates by U.S. city

Choosing high deductibles can reduce prices by up to $210 each year, while buying higher liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know your exact price is to get quotes from as many companies as possible. Every auto insurance company uses a different rate calculation, and prices may be quite different.

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 $894 $75
Volvo S40 T5 $924 $77
Volvo S40 T5 AWD R-Design $924 $77

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.

Volvo S40 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2010 Volvo S40 $176 $248 $474 $1,056
2009 Volvo S40 $166 $226 $474 $1,024
2008 Volvo S40 $162 $202 $468 $990
2006 Volvo S40 $156 $188 $452 $954
2004 Volvo S40 $138 $170 $442 $908

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 the Best Cheap Volvo S40 Insurance

Getting lower rates on Volvo S40 insurance consists of having a good driving record, having a good credit score, eliminating unnecessary coverage, and taking advantage of discounts. Shop around once a year by quoting rates from direct carriers, and also from several local insurance agents.

The next list is a quick review of the data that was covered above.

  • Drivers can save up to $100 per year simply by quoting early and online
  • Drivers who may need increased levels of liability coverage will pay about $490 each year to raise from a low limit to the 250/500 level
  • Drivers age 20 and younger are charged the highest prices, with premiums as much as $310 a month if comprehensive and collision insurance is included
  • High-risk drivers with a DUI or reckless driving violation pay on average $1,040 more every year to buy Volvo S40 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 $3,718
20 $2,078
30 $922
40 $908
50 $836
60 $818

Full coverage, $500 deductibles

Rates by Deductible

Volvo S40 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,040
$250 $982
$500 $908
$1,000 $836

Full coverage, driver age 40

Rates by Liability Limit

Volvo S40 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $908
50/100 $1,012
100/300 $1,123
250/500 $1,410
100 CSL $1,057
300 CSL $1,300
500 CSL $1,477

Full coverage, driver age 40

Rates for High Risk Drivers

Volvo S40 Insurance Rates for High Risk Drivers
Age Premium
16 $5,216
20 $3,308
30 $1,960
40 $1,950
50 $1,866
60 $1,846

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 $119

Potential Rate Discounts

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

Discount Savings
Multi-policy $45
Multi-vehicle $49
Homeowner $16
5-yr Accident Free $53
5-yr Claim Free $56
Paid in Full/EFT $31
Advance Quote $38
Online Quote $60
Total Discounts $348
Rate after discounts $560

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

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