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.

The average insurance rates for a Volvo S40 are $908 a year for full coverage insurance. Comprehensive insurance costs on average $138 a year, collision insurance costs $170, and liability insurance costs $442. A liability-only policy costs as little as $496 a year, and high-risk insurance costs $1,950 or more. Teen drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates by type of insurance:

Includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and S40 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than larger metro areas. The diagram below illustrates the difference location can make on car insurance rates.

The examples above illustrate 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.

Additional Rate Information

The chart below illustrates average Volvo S40 insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $560
• Drivers who choose higher $1,000 deductibles will pay around $836 each year
• The average rate for a good driver age 40 with $500 deductibles is $908
• Choosing low $100 deductibles for comprehensive and collision insurance will cost an extra $132 a year
• High risk drivers with multiple violations and an at-fault accident could pay upwards of $1,950
• Policy cost for full coverage for a teen driver may cost $3,718 a year

View Chart as Image

Car insurance rates for a Volvo S40 also range considerably based on your risk profile, the model year and trim level, and policy deductibles and limits.

Older drivers with no driving violations and high deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged upwards of $3,700 a year. View Rates by Age

Your home state makes a big difference in Volvo S40 insurance rates. A 40-year-old driver could pay as low as $600 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,230 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing high deductibles could save up to $210 each year, while buying higher liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $398 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying at a minimum $1,100 to $1,500 extra every year, depending on your age. A high-risk auto insurance policy can cost anywhere from 40% to 134% more than average. View High Risk Driver Rates

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 cheaper rates on Volvo S40 insurance not only requires having a decent driving record, but also having above-average credit, being claim-free, and possibly raising deductibles. Make time to compare rates once a year by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a recap of the data that was touched on in this article.

• It is possible to save as much as $100 per year just by quoting early and online
• Drivers who require additional liability coverage will pay about $490 annually to go from a 30/60 limit to 250/500 limits
• 16 to 18-year-old drivers are expensive to insure, possibly costing $310 each month if full coverage is included
• High-risk drivers that have major violations or accidents pay an average of $1,040 more each year than a driver with a clean driving record

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.