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.

Estimated insurance rates for a Volvo S40 are $908 a year including full coverage. Comprehensive insurance costs an estimated $138, collision costs $170, and liability coverage is estimated at $442. A policy with only liability insurance costs approximately $496 a year, with a high-risk policy costing $1,950 or more. Teens pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates broken down by type of coverage:

Rate estimates include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and for all S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on the price of auto insurance. More rural locations are statistically proven to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.

The example below illustrates the difference between rural and urban areas on insurance prices.

These rate differences highlight why everyone should get quotes for a targeted area and risk profile, rather than using averaged prices.

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

Additional Rate Analysis

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

• The cheapest rate after discounts is $560
• Choosing higher $1,000 deductibles can save approximately $72 every year
• The average rate for a 40-year-old good driver who has $500 deductibles is $908
• Selecting pricier low deductibles for comp and collision coverage will cost an extra $132 each year
• Drivers with serious driving violations could pay up to $1,950 or more
• An auto insurance policy for full coverage for a teenage driver for full coverage can cost as much as $3,718 each year

View Chart as Image

Car insurance prices for a Volvo S40 also have a wide range based on your driving characteristics, the model of your S40, and liability limits and deductibles.

A more mature driver with no driving violations and high deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will be charged at least $3,700 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Volvo S40 insurance rates. A good driver about age 40 could pay as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $210 a year, whereas buying more liability protection will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are likely paying $1,100 to $1,500 extra annually, depending on your age. Volvo S40 insurance for high-risk drivers ranges around 40% to 134% more than the average policy. View High Risk Driver Rates

With such a large range in prices, the best way to figure out which insurance company is cheapest is to regularly compare prices and see how they stack up. Each auto insurer calculates prices differently, so rate quotes will be substantially different 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 Best Volvo S40 Insurance

Finding better rates on auto insurance takes having a decent driving record, having above-average credit, refrain from filing small claims, and not having any coverage lapses. Set aside time to compare rates every time your policy renews by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following items are a brief recap of the information covered above.

• You may be able to save approximately $100 per year simply by quoting online well ahead of the renewal date
• 16 to 18-year-old drivers have the highest car insurance prices, with the cost nearing $310 per month if full coverage is included
• Increasing policy deductibles can save around $200 each year
• Drivers who tend to receive serious violations may pay on average $1,040 more annually than a driver with a clean driving record
• Consumers who want additional liability coverage will pay approximately $490 per year to raise limits from 30/60 bodily injury limits to 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.