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 prices for a Volvo S40 are $908 every 12 months including full coverage. Comprehensive costs an estimated $138, collision insurance costs $170, and liability is $442. Liability-only insurance costs around $496 a year, and high-risk driver insurance costs around $1,950. 16-year-old drivers cost the most to insure at up to $3,718 a year.

Average premium for full coverage: $908

Policy rates broken down by type of insurance:

These estimates include $500 deductible amounts, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all S40 models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on the price of auto insurance. More rural locations are shown to have more infrequent comprehensive and collision claims than congested cities. The example below illustrates how geographic area affects insurance prices.

The examples above highlight why everyone should compare rates quotes for a targeted area and their own driving history, instead of making a decision based on rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $560
• Raising to $1,000 deductibles will save approximately $72 every year
• The average price for a good driver age 40 who has $500 deductibles is $908
• Buying pricier low deductibles increases the price to $1,040
• Drivers with multiple tickets or accidents could pay up to $1,950
• Policy cost to insure a 16-year-old driver for full coverage can cost as much as $3,718

View Chart as Image

Auto insurance rates for a Volvo S40 also range considerably based on liability limits and deductibles, your driving characteristics, and the model year and trim level.

Opting for high physical damage deductibles can reduce rates by up to $210 annually, whereas buying more liability protection will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $398 extra every year. View Rates by Deductible or Liability Limit

A more mature driver with a good driving record and higher deductibles may pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will have to pay at least $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,100 to $1,500 in extra premium every year, depending on your age. Volvo S40 insurance for high-risk drivers is expensive and can cost from 40% to 134% more than the average rate. View High Risk Driver Rates

Your home state also has a big influence on Volvo S40 insurance prices. A middle-age driver might find rates as low as $700 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,300 on average in Louisiana, 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 Shop for Cheap Volvo S40 Insurance

Finding cheaper rates on insurance for a Volvo S40 consists of having a good driving record, having a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Invest the time to compare rates at every policy renewal by getting rate quotes from direct car insurance companies, and also from local insurance agencies.

The next list is a brief summary of the data presented in the illustrations above.

• Insureds who want increased levels of liability coverage will pay around $490 per year to raise from a 30/60 limit to a 250/500 level
• You may be able to save approximately $100 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $200 each year
• Drivers age 20 and younger are the costliest to insure, with premiums being up to $310 each month if comprehensive and collision insurance is included

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.