Volvo S40 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs less to insure a Volvo S40 than the average car.
• Liability insurance for a S40 comes in at around $77 monthly, while full coverage typically runs about $144.
• At as little as just $24 per month for liability only coverage, Jupiter is the cheapest auto insurance carrier for a S40.

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S40 Overview

The Volvo S40 is a great car for drivers on a budget, with base prices starting at just $27,750 for 2011 models. In addition to it being on the affordable end of the spectrum when it comes to overall price point, it's also a wise choice for your budget when thinking about your car insurance premiums.

We sifted through thousands of insurance quotes on Compare.com, and we've found that Volvo S40 auto insurance rates run around $115 a month, on average. But how does that stack up to other similar vehicles out there on the market?

How Much is Car Insurance for a Volvo S40?

You'll see in the table above that Volvo S40 insurance prices are cheaper than average. S40 owners can expect to pay about $144 monthly for full coverage, which has comprehensive and collision coverages in addition to liability, and about $77 per month for liability only insurance (our guide, "State Minimum vs. Full Coverage", can give you more information on the difference).

Comparing it to other models from Volvo, the S40's insurance premium is in line with the rest of the manufacturer's vehicle offerings. Compared to offerings from other brands, car insurance for a S40 is also more affordable, with liability only insurance rates coming in around $6 less and $33 less for full coverage.

Overall, they're just more affordable to insure than the average vehicle, no matter what model, make, or body style they are.

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Who has the Cheapest Car Insurance for a Volvo S40?

In the market for an auto insurance policy for your Volvo S40? You most likely want to know which company offers the lowest prices. While premiums can differ quite significantly depending on your driver profile, the lowest average rates for liability only insurance are sometimes as low as $24 a month from Jupiter and Hugo.

Rounding out the list are Ohio Mutual, AnswerFinancial, and CaliforniaCasualty. That being said, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest carriers for you and your unique insurance profile.

Auto insurance companies take a whole range of things into consideration when calculating how much to charge you. By pulling quotes from a range of auto insurance carriers at once, you can be confident you're finding the most affordable rate.

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What Factors Affect Car Insurance Rates for a Volvo S40?

There are a bunch of factors that insurance companies take a look at to decide how much to charge you -- and every carrier weighs certain variables more than others, so there's not one company that's the lowest for each driver.

Keep reading to learn which variables car insurance carriers look at and how they affect your final rate:

Vehicle Age

The Volvo S40 has been around for a while -- that means vehicle age will likely make a difference in what you end up paying for auto insurance. Usually, it costs more to insure newer cars because they're worth more, however, as time goes on and S40s continue to depreciate, insurance costs will gradually get lower.

Since a new model has not been added to the market for at least 5 years, the S40 won't really fit this trend. However, as you can see in the table above, the most expensive Volvo S40s to insure are those that are 8 to 10 years old, while the cheapest models are S40s that are 4 to 5 years old, on average.

Your Age

How old you are plays a big role in how much you pay for insurance. As you can see above, those with more experience pay less compared to drivers under 24. Volvo S40 drivers aged between 18 and 24 actually pay $31 more than those 25 or older.

Insurance prices continue to go down as you get older, with the cheapest age group for S40 drivers being 65 years and older.

Your Gender

Because women are less likely to get speeding tickets and get into accidents, they have a decreased chance of filing a claim with insurance. So, women usually pay less for car insurance than men. When it comes to S40 drivers specifically, women pay about $1 less than men per month for auto insurance.

Where You Live

You may already know that factors such as what vehicle you drive and how old you are play a role in your car insurance prices, but you may not realize that where you live is equally important. Because insurance is regulated at the state level, rates fluctuate quite a bit depending on where you live.

For example, the average Volvo S40 owner from New York pays around $157 monthly for liability coverage. Meanwhile, the same driver in California will pay less than 50% of that price, on average. The table referenced above shows average premiums for the top 10 most populous states, just to give you a good idea of how much prices can change between states.

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Volvo S40 Car Insurance Discounts

No matter what state you call home, how old you are, or what car you drive, it's always the smart move to take advantage of as many car insurance discounts as possible.

While no two auto insurance companies offer the same exact discounts, there are a few different ones that you'll find with most carriers. These include discounts like:

• Multi-car discounts for having more than one vehicle on your auto policy
• Pay-in-full discounts for drivers who choose to pay their entire policy price up front, rather than in monthly installments
• Defensive driving discounts for taking a defensive driving class from an accredited school or institution
• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings

These are just a few of the discounts insurance companies offer, and sometimes, the best rates come from simply having a favorable insurance profile, which means having a clean driving record or not having any recent insurance claims.

Of course, you can't control every single aspect of your auto insurance profile (like some of the pieces we mentioned above), but you can influence some of it. Below are just a few of the things you can use to your favor when it comes to saving some cash:

Your Driving Record

You've most likely noticed ads from car insurance carriers promoting big discounts for responsible drivers. It checks out that your insurance rates will go up if you get into an accident or get a ticket for speeding. But exactly how much can it cost you for these infractions?

Looking at the table above, you'll see that accidents will usually cost S40 drivers more than tickets, but both will result in a raise in rates. Volvo S40 drivers with one accident on their record pay an average of $100 a month (up $23 from the $77/mo. overall average), while drivers with a single ticket will pay about $100 per month. The rates only go higher the more tickets you get or accidents you have.

How Much You Drive

Another variable you have control over is the total distance you drive. Those who are on the roads less are more likely to go accident-free, so they'll normally end up spending less on auto insurance. In the above table, you can see that Volvo S40 owners who drive 10,000 miles or more pay $82 for car insurance, while those who drive fewer than 2,500 miles each year pay an average of $66 a month.

But if you drive less often than the average driver or work from home, you might consider a usage-based or pay-per-mile insurance policy. With these kinds of policies, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

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How Do Volvo S40s Compare to Other Vehicles?

If you're considering making a Volvo S40 your next vehicle, you might be wondering how it compares to other vehicles. Car insurance is just one cost that comes with buying a new car, but it's definitely one that's worth considering carefully.

Visit the table below to see how the Volvo S40 stacks up:

Overall, the Volvo S40 has an average MSRP and is on par with the going rate for a new vehicle. The S40's $35,020 base MSRP is right on trend with the national average of $27,750. And since it's been awhile since a new S40 model has been on the market, used prices will be even lower.

Although the purchase price is right in the middle of the spectrum, auto insurance premiums run slightly below average when compared to other vehicles on the market. Full coverage insurance for a Volvo S40 is about $4 a month cheaper than average, while liability only coverage is $19 cheaper monthly.

When it comes to usage, Volvo S40 drivers are near the national average in annual miles driven, with 11,617 miles per year for all vehicles compared to the S40's 10,665 every year.

Volvo S40 Car Insurance Costs by Model Year

Thus far, you've seen how different variables have an impact on how much the average driver pays for car insurance. If you're thinking about buying a new vehicle and the S40 is one you're considering, having a good idea of exactly what you'll pay can be extremely valuable as you weigh your options.

Choose Your Model

2011 Volvo S40 Car Insurance 2010 Volvo S40 Car Insurance 2009 Volvo S40 Car Insurance 2008 Volvo S40 Car Insurance 2007 Volvo S40 Car Insurance 2006 Volvo S40 Car Insurance 2005 Volvo S40 Car Insurance 2004 Volvo S40 Car Insurance 2003 Volvo S40 Car Insurance 2002 Volvo S40 Car Insurance 2001 Volvo S40 Car Insurance 2000 Volvo S40 Car Insurance

2011 Volvo S40 Car Insurance

You can expect full coverage for a 2011 S40 to run around $165 a month, while liability only coverage will average about $62 per month.

With rates as low as $19 monthly, Mercury offered the cheapest policy we found for the 2011 Volvo S40.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2011 Volvo S40, you can get free quotes in minutes by just entering your ZIP code below.

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2010 Volvo S40 Car Insurance

2010 Volvo S40 drivers can expect to pay an average of $97 a month for liability or $156 for full coverage.

MetroMile offered the most affordable policy we found, with rates as cheap as just $21 per month.

If you want to know just how much your rate will be, just enter your ZIP code below and get several free quotes in minutes.

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2009 Volvo S40 Car Insurance

On average, drivers who own a 2009 S40 can expect to pay $78 to $141 monthly for liability only and full coverage car insurance, respectively.

We found Gainsco offered the lowest policy, with rates as low as just $25 a month.

Want to figure out exactly what you'll be asked to pay? Get a variety of free customized quotes by just entering your ZIP code below.

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2008 Volvo S40 Car Insurance

It costs around $81 per month for liability or $155 for a full coverage policy for the 2008 Volvo S40.

With premiums sometimes as cheap as $20 monthly, Elephant offered the cheapest policy we found.

These average prices are a great starting point if you're in the market for a 2008 Volvo S40, but there are a variety of different things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2007 Volvo S40 Car Insurance

The average cost to insure a 2007 S40 with liability only coverage is $74 a month, while full coverage runs about $137 per month.

If you're looking for the lowest possible 2007 Volvo S40 insurance policy, Gainsco offered the most affordable policy we found, with rates as little as $19 monthly.

If you want to know just how much your premium will be, get free quotes in minutes by just entering your ZIP code below.

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2006 Volvo S40 Car Insurance

It costs around $82 per month for liability or $152 for a full coverage policy for the 2006 Volvo S40.

StateAuto has premiums sometimes as little as $22 a month for the 2006 Volvo S40.

Interested in what your insurance price will be? Just enter your ZIP code below to get several personalized quotes for free.

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2005 Volvo S40 Car Insurance

2005 S40 drivers can expect to pay an average of $80 monthly for liability or $138 for full coverage.

Looking for the lowest policy? Gainsco offered liability only coverage for as cheap as $19 a month.

While these are good estimates of what the average driver might pay to insure a 2005 Volvo S40, these rates might differ based on your driver profile. Get free personalized quotes in minutes by just entering your ZIP code below.

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2004 Volvo S40 Car Insurance

The average cost to insure a 2004 Volvo S40 with liability only coverage is $75 monthly, while full coverage runs about $139 per month.

We found MetroMile offered the cheapest policy, with rates as low as just $18 monthly.

If you want to know just how much your rate will be, just enter your ZIP code below and get free quotes in minutes.

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2003 Volvo S40 Car Insurance

On average, drivers who own a 2003 S40 can expect to pay $79 to $148 a month for liability only and full coverage car insurance, respectively.

With prices sometimes as cheap as $20 per month, MetLife offered the most affordable policy we found for the 2003 Volvo S40.

What could your auto insurance premium look like? Enter your ZIP code below to get multiple free customized quotes.

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2002 Volvo S40 Car Insurance

You can expect full coverage for a 2002 Volvo S40 to run around $95 monthly, while liability only coverage will average about $67 a month.

If you're looking for the most affordable 2002 Volvo S40 insurance policy, Liberty Mutual offered the lowest policy we found, with rates as cheap as $20 per month.

While these are good estimates of what the average driver might pay to insure a 2002 Volvo S40, these rates might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2001 Volvo S40 Car Insurance

It costs around $70 a month for liability or $130 for a full coverage policy for the 2001 S40.

With prices as little as $19 monthly, Jupiter offered the cheapest policy we found.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2000 Volvo S40 Car Insurance

You can expect full coverage for a 2000 Volvo S40 to run about $161 per month, while liability only coverage will average around $73 a month.

Mapfre offered the most affordable policy we found, with rates as cheap as just $23 monthly.

Interested in exactly how much you'll pay? Just enter your ZIP code below to get lots of free personalized quotes.

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Volvo S40 Insurance FAQs

Is a Volvo S40 expensive to insure?

Liability insurance runs an average of $77 per month, while full coverage will cost you around $144. The Volvo S40 is less expensive to insure compared to the average car.

How can I get the best price on car insurance for my Volvo S40?

The only way to ensure you're getting the cheapest price on insurance is to regularly shop around and compare quotes from a multitude of companies. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a variety of carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Volvo S40 affect my insurance prices?

Have you heard the old adage that it costs more to insure a red car before? Well, that's actually not the case. Although there are several factors auto insurance companies examine when they calculate how much you'll pay, your vehicle's color is not factored into that decision.

Do I need to have insurance before I buy a Volvo S40?

Before you can legally drive your new (or new to you) Volvo S40 off the dealership lot, you'll need to have valid insurance for it. Some dealerships might offer you an auto insurance policy as part of the car-buying process, but it's best to let your car insurance company know ahead of time.

What car insurance discounts can I get for my Volvo S40?

You will find a variety of discounts out there for insurance. Many of them (like "multi-policy discounts" and "safe driver discounts") are based less on your S40 and more on you, but if your S40 has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may be eligible for certain discounts. To learn more about which discounts you may qualify for, contact your insurance carrier and ask about their list of discounts, since they change quite a bit from carrier to carrier.