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 auto insurance rates for a Volvo S40 are $908 annually for full coverage insurance. Comprehensive costs an estimated $138 a year, collision insurance costs $170, and liability costs around $442. Liability-only insurance costs as low as $496 a year, and high-risk driver insurance costs around $1,950. Teen drivers pay the most at up to $3,718 a year.

Average premium for full coverage: $908

Premium estimates broken down by type of coverage:

Estimates include $500 deductibles, 30/60 split liability limits, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 states and S40 trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can have significant affects on the price of insurance. More rural locations are statistically proven to have fewer physical damage claims than larger metro areas. The diagram below illustrates how geographic area affects insurance prices.

These rate differences illustrate why it is important to compare prices for a targeted area and their own personal driving habits, instead of using price averages.

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

Additional Charts and Tables

The chart below illustrates average Volvo S40 insurance rates for other coverage scenarios.

• The lowest rate with discounts is $560
• Using higher $1,000 deductibles will save approximately $836 each year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $908
• Choosing low $100 deductibles for physical damage coverage will cost $1,040
• Drivers with multiple violations and an at-fault accident could pay up to $1,950
• An auto insurance policy with full coverage for a teen driver can cost as much as $3,718 or more

View Chart as Image

Insurance prices for a Volvo S40 also have a wide range based on the model of your S40, your risk profile, and liability limits and deductibles.

Older drivers with no violations or accidents and high physical damage deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they should be prepared to pay at least $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying $1,100 to $1,500 additional annually, depending on your age. A high-risk auto insurance policy can be as much as 40% to 134% more than average. View High Risk Driver Rates

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

Where you choose to live has a huge impact on Volvo S40 insurance prices. A driver around age 40 might see prices as low as $600 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,230 on average in Florida, New York, and Michigan.

View Chart as Image

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 Buy Low Cost Volvo S40 Insurance

Finding better rates on car insurance requires not taking risks behind the wheel, having good credit, paying for small claims out-of-pocket, and possibly raising deductibles. Invest the time to compare rates at least every other year by requesting rates from direct insurance companies, and also from your local independent and exclusive agents.

The following is a review of the car insurance concepts presented in the illustrations above.

• Higher risk drivers who have several accidents or serious violations may pay on average $1,040 more annually for S40 insurance
• It is possible to save approximately $100 per year just by quoting early and online
• Increasing policy deductibles could save up to $200 each year
• Policyholders who want higher liability limits will pay about $490 annually to increase from 30/60 bodily injury limits to higher 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.