Volvo C40 Insurance Cost
Full coverage for a Volvo C40 costs about $1,375 a year ($115/month) by our estimate — ▼ −14% versus the average vehicle.
Volvo C40 insurance cost at a glance
These figures assume a driver in their 30s with a clean record, 7,500–12,000 miles a year, $500 deductibles and national-average base rates, for the 2024 model year. Our vehicle data covers the 2022–2024 model years of the Volvo C40, which is no longer in production.
| Coverage level | What it includes | Per year | Per month | Typical range |
|---|---|---|---|---|
| State minimum liability | Only the liability (and PIP/UM where required) limits your state mandates. No coverage for your own car. | $535 | $45 | $440–$630 |
| Standard liability (100/300/100) | Higher liability limits plus uninsured motorist coverage. Still no coverage for damage to your own car. | $775 | $65 | $635–$915 |
| Full coverage | Standard liability plus collision and comprehensive, typically required on a financed or leased car. | $1,375 | $115 | $1,130–$1,625 |
What drives the cost of insuring a Volvo C40
The strongest predictor of what insurers charge for a specific model is its claims history. HLDI publishes relative insurance losses for recent models (2022-2024), where 100 is the average of all passenger vehicles. The Volvo C40's results put our vehicle factor at 0.87× for liability, 1.06× for collision and 0.86× for comprehensive.
| Coverage | Index | Rating | What it measures |
|---|---|---|---|
| Collision | 97 | Average | Damage to this car in crashes; driven by repair costs and crash frequency |
| Comprehensive | 77 | Much better than average | Theft, vandalism, glass, weather and animal damage |
| Property damage liability | 81 | Better than average | Damage this car does to other vehicles and property |
| Personal injury protection | 46 | Much better than average | Injuries to occupants of this car (claim frequency) |
- Repair and parts costs: Luxury SUV from a luxury brand — premium parts, sensors and labor rates raise collision claims.
- Electric drivetrain: battery packs, high-voltage systems and specialized repair shops make EV collision claims more expensive on average; comprehensive can be lower if theft is rare.
- Recalls & complaints: 6 NHTSA recall campaigns and 40 owner complaints across its latest three model years. Recalls don't change premiums directly, but open recalls should be fixed.
Volvo C40 trims and configurations (2024)
Higher trims with bigger engines, all-wheel drive or more technology usually cost more to repair or replace, which raises collision and comprehensive premiums.
| Configuration | Drive | Engine | MPGe (comb.) | Range |
|---|---|---|---|---|
| C40 Recharge | RWD | Electric | 107 | 297 mi |
| C40 Recharge twin | AWD | Electric | 99 | 257 mi |
Volvo C40 insurance cost by model year
Older model years cost less to insure for full coverage because the car is worth less, so collision and comprehensive payouts are smaller. Liability costs stay about the same.
| Model year | Engines | Drive | MPGe | Est. full / yr |
|---|---|---|---|---|
| 2024 | Electric | AWD, RWD | — | $1,375 |
| 2023 | Electric | AWD | — | $1,345 |
| 2022 | Electric | AWD | — | $1,315 |
Volvo C40 insurance cost by state
The same car can cost very different amounts to insure depending on where it is garaged. Select a state for its rules and city-level costs.
| State | Full coverage | Minimum | vs. national |
|---|---|---|---|
| Alabama | $1,195 | $415 | −13% |
| Alaska | $1,210 | $545 | −12% |
| Arizona | $1,435 | $575 | +4% |
| Arkansas | $1,210 | $390 | −12% |
| California | $1,360 | $500 | −1% |
| Colorado | $1,545 | $565 | +12% |
| Connecticut | $1,465 | $620 | +7% |
| Delaware | $1,535 | $700 | +12% |
| District of Columbia | $1,740 | $645 | +27% |
| Florida | $1,960 | $940 | +43% |
| Georgia | $1,700 | $760 | +24% |
| Hawaii | $955 | $380 | −31% |
| Idaho | $935 | $350 | −32% |
| Illinois | $1,195 | $435 | −13% |
| Indiana | $975 | $350 | −29% |
| Iowa | $925 | $270 | −33% |
| Kansas | $1,085 | $350 | −21% |
| Kentucky | $1,155 | $460 | −16% |
| Louisiana | $1,900 | $690 | +38% |
| Maine | $875 | $370 | −36% |
| Maryland | $1,545 | $655 | +12% |
| Massachusetts | $1,360 | $515 | −1% |
| Michigan | $1,500 | $665 | +9% |
| Minnesota | $1,140 | $410 | −17% |
| Mississippi | $1,310 | $460 | −5% |
| Missouri | $1,240 | $445 | −10% |
| Montana | $1,085 | $340 | −21% |
| Nebraska | $1,090 | $350 | −21% |
| Nevada | $1,580 | $755 | +15% |
| New Hampshire | $980 | $350 | −29% |
| New Jersey | $1,660 | $815 | +21% |
| New Mexico | $1,230 | $450 | −11% |
| New York | $1,845 | $810 | +34% |
| North Carolina | $1,030 | $390 | −25% |
| North Dakota | $870 | $240 | −37% |
| Ohio | $985 | $350 | −28% |
| Oklahoma | $1,230 | $410 | −11% |
| Oregon | $1,235 | $545 | −10% |
| Pennsylvania | $1,200 | $370 | −13% |
| Rhode Island | $1,665 | $715 | +21% |
| South Carolina | $1,465 | $640 | +7% |
| South Dakota | $1,030 | $275 | −25% |
| Tennessee | $1,145 | $395 | −17% |
| Texas | $1,620 | $600 | +18% |
| Utah | $1,250 | $570 | −9% |
| Vermont | $895 | $275 | −35% |
| Virginia | $1,185 | $545 | −14% |
| Washington | $1,200 | $515 | −13% |
| West Virginia | $1,140 | $380 | −17% |
| Wisconsin | $935 | $325 | −32% |
| Wyoming | $1,055 | $285 | −23% |
Volvo C40 insurance by driver profile
| Driver | Minimum | Standard | Full coverage | Full / month |
|---|---|---|---|---|
| Teen driver (18, own policy) | $1,470 | $2,130 | $3,780 | $315 |
| Young adult (22) | $855 | $1,240 | $2,200 | $183 |
| Adult in their 30s | $535 | $775 | $1,375 | $115 |
| Adult in their 50s | $490 | $710 | $1,265 | $105 |
| Senior (72) | $600 | $865 | $1,540 | $128 |
| 30s, one at-fault accident | $775 | $1,125 | $1,995 | $166 |
| 30s, DUI on record | $990 | $1,435 | $2,545 | $212 |
Volvo C40 vs. rivals
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Frequently asked questions
How much is insurance for a Volvo C40?
We estimate about $1,375 a year ($115 a month) for full coverage and $535 for state-minimum liability, for a driver in their 30s with a clean record at national-average rates. That is 14% less than the average vehicle.
Is the Volvo C40 expensive to insure?
HLDI insurance-loss data rates it at 97 for collision and 77 for comprehensive losses (100 = average of all vehicles), meaning collision losses are average.
Which state is cheapest to insure a Volvo C40?
North Dakota has the lowest estimate (about $870 a year for full coverage) and Florida the highest (about $1,960).
Is the Volvo C40 cheaper to insure than the BMW X3?
By our estimate the Volvo C40 costs about $1,375 a year versus $1,600 for the BMW X3, making it the cheaper of the two to insure.
How much is Volvo C40 insurance for a teen driver?
An 18-year-old on their own full-coverage policy would pay about $3,780 a year at national-average rates by our estimate.
How we estimate this
We start from the state's average liability, collision and comprehensive premiums published by the NAIC, then apply a location factor (population density and commute time from the Census ACS, weather hazard scores from FEMA's National Risk Index), a vehicle factor (HLDI insurance-loss data where available, otherwise vehicle segment), and a driver-profile multiplier. Results are rounded ranges for comparison, not quotes. Read the full methodology.