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 each year, collision costs $170, and liability insurance costs $442. Liability-only coverage costs as little as $496 a year, with high-risk coverage costing $1,950 or more. Teenage drivers pay the most at $3,718 a year or more.

Average premium for full coverage: $908

Premium estimates broken down by type of coverage:

Includes $500 policy deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and S40 models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a significant impact on the price of auto insurance. More rural locations are statistically proven to have a lower frequency of comprehensive and collision claims than densely populated cities.

The graphic below illustrates the difference location can make on insurance prices.

These rate differences highlight why all drivers should compare rates for a targeted area and risk profile, rather than relying on average rates.

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

More Rate Details

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

• The best discount rate is $560
• Drivers who choose higher $1,000 deductibles will pay approximately $72 every year
• The average rate for a 40-year-old good driver who has $500 deductibles is $908
• Using low deductibles for comprehensive and collision insurance will cost an extra $132 a year
• High risk drivers who are prone to accidents and violations could pay up to $1,950 or more
• An auto insurance policy for full coverage for a teen driver can cost as much as $3,718 a year

View Chart as Image

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.

More mature drivers with a clean driving record and high deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers can expect to pay at least $3,700 a year. View Rates by Age

Where you choose to live makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,300 on average in Louisiana, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could save up to $210 each year, whereas increasing liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost up to $398 more per year. 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. Insurance for high-risk drivers can cost anywhere from 40% to 134% more than a normal 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 do a rate comparison from as many companies as possible. Every company uses a different method to calculate prices, so the prices 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 Cheapest Volvo S40 Insurance

Finding better rates on Volvo S40 insurance not only requires being a good driver, but also maintaining good credit, refrain from filing small claims, and taking advantage of discounts. Make time to compare rates every couple of years by requesting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following list is a recap of the material that was touched on in this article.

• Drivers who want an increased level of liability coverage will pay an extra $490 per year to go from 30/60 bodily injury limits to 250/500 limits
• Drivers age 16 to 20 are charged the highest prices, with the cost nearing $310 per month for full coverage
• High-risk drivers that have major violations or accidents may pay on average $1,040 more annually than a safer driver
• Increasing policy deductibles can save around $200 each year

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.