Volvo S40 insurance group

The Volvo S40 is a family car produced by Volvo between the years of 2004 and 2012. This is a reliable vehicle, which you should be able to pick up at a relatively cheap price these days. There are plenty of trims and engine sizes to choose from, so you can splash out on a bit of extra power and more features if you wish. In this guide, you’ll discover how much it costs to insure based on the model version and the demographics of the driver.

What insurance group does the Volvo S40 fall under?

Every car you see on the road has been assigned an insurance group, based on how expensive it may be for insurers to cover them. These groups, ranging from 1 (cheapest) to 50 (most expensive), help insurers determine a suitable premium for you. Volvo S40 models range from insurance group 15 to 34, meaning the costs will vary significantly based on the model of Volvo S40 you choose.

As an example, a 30-year-old driver in an average postcode could pay around £674 for cover on a Volvo S40 1.6 ES 4d that is in insurance group 15 or around £585 for a Volvo S40 2.4i S 4d that is in insurance group 26. This is a clear example of the premium pricing which occurs when one car is in a much higher insurance group.

• How we got these rates

  These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).

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Volvo S40 insurance cost by location

You can use the table above to estimate the average cost of Volvo S40 insurance, based on the vehicle’s insurance group and driver age. However, there are many other factors that affect the cost of your car insurance premium.

Your location is one of the most important factors to insurers. To show the power of the postcode, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Volvo S40 1.8 Sport 4d.

• Expensive: £1,170 (London SE1)
• Average: £722 (Newcastle NE1)
• Cheap: £764 (Galashiels TD1)

• How we got these rates

  These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).

Which factors affect my Volvo S40 insurance rate?

Along with insurance group, here are some more of the key factors that have the biggest impact on your insurance premium costs:

• Engine type and capacity. In general, the larger the engine in your car, the more you’ll pay for car insurance. After all, larger engines cost more to repair or replace. As an example, it may cost £1,170 for insurance for a Volvo S40 1.8 S 4d Geartronic, while you may pay £3,354 for a Volvo S40 2.5 T5 Sport 4d. That’s an extra £102 per year for an engine that’s 0.7 litres bigger.
• Driver location. Your premium will rise if you live in an area where motorists are statistically more likely to make a claim. For example, a 30-year-old in central London may pay £1,122 for insurance for a Volvo S40 1.6 SE 4d, while the same 30-year-old in Newcastle may only pay £659. That’s £160 per year extra to live in the capital, because motorists are more likely to claim on their car insurance there.
• Driver age. The youngest drivers pay the most for car insurance, because they are statistically more likely to claim on their car insurance. The average 20-year-old driver in London may pay £2,356 for the Volvo S40 1.6D SE 4d, while the average 40-year-old Londoner will only pay £798. That’s an extra £801 per year that a 20-year-old would have to find to insure a Volvo S40, compared to a 40-year-old.

Other factors that influence the cost of your insurance include:

• Your marital status
• Your credit history and job
• Your car’s safety rating score
• The model and age of your vehicle
• Your car’s security features
• Your car’s anti-theft precautions
• Annual miles driven
• Your driving history and activity
• Your no-claim discount

How can I save on my Volvo S40 premium?

Car insurance is a necessary legal requirement, but there are plenty of actions you can take to lower the cost of your premium. We’ve listed some of the more effective ideas for you below.

• Reduce your annual mileage. The less you use your car, the less of a risk you’ll be deemed by insurance companies. So, consider if there are any journeys you can occasionally take on foot or by public transport.
• Pay annually, rather than monthly. It might be difficult to part with a large sum of money in one go, but it’s worth the effort in the long run. By paying annually, you’ll avoid being charged interest on monthly payments.
• Install extra safety precautions. The safer your car is, the less of a risk you’ll be perceived as by insurers. That’s why most companies will offer a discount if you install certain safety precautions.
• Shop around for the best deal each year. Don’t blindly settle for the renewal price offered by your existing company. There are likely to be cheaper options out there, as most insurers save their best deals for new customers.

Frequently asked questions

• What is the top speed of a Volvo S40?

  You can expect the fastest model of this vehicle to reach a top speed of 149 miles per hour.

• Is the Volvo S40 safe?

  In its Euro NCAP crash tests, this vehicle achieved a full 5-star rating for protecting adult occupants and a 4-star rating for protecting child occupants.

• How much car tax do I have to pay for the Volvo S40?

  The UK standard car tax rate sites at £145 per year. However, you might pay more or less depending on your car’s emissions.

• Where can I buy a Volvo S40?

  You can buy a Volvo S40 at dealerships, from online sellers or from current owners across the UK.

• What engine size is the Volvo S40?

  There are many engine sizes to choose from, ranging from 1.6 litres up to 2.5 litres.

• Is the Volvo S40 any good?

  When it was first produced, the Volvo S40 was a reliable family car that didn’t turn too many heads. Nowadays it’s pretty dated.

• Where can I find Volvo S40 car insurance?

  You can compare the costs of Volvo S40 insurance using any price comparison website.

• Is a Volvo S40 expensive to insure?

  This depends on the specific model of Volvo S40 you have and the insurance group it falls under. The Volvo S40 can be found in insurance groups ranging from 15 to 34, which is a very broad range. Some models of the Volvo S40 will be significantly cheaper than the average vehicle to insure, while others will cost a lot more than the average vehicle.

Written by

Danny Butler

Publisher

Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio

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