2023 Volvo C40 Car Insurance Calculator

Learn how decisions you make influence insurance rates for a 2023 Volvo C40. Customize liability limits, policy deductibles, driver age, and policy discounts to learn how each affects rates. Instantly know if your choice increases or decreases premiums and why.

The average estimated car insurance premium for a 2023 Volvo C40 is $2,386 per year, or about $199 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,386

Cost Per Month

$199

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Volvo C40 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 Volvo C40.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,386
Average Rate
Your Rate
$2,386

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 Volvo C40 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 Volvo C40 is $2,386.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 Volvo C40 vs. the Small Luxury SUV Segment

The table below compares insurance rates for the 2023 Volvo C40 against all other models in the small luxury SUV segment. The Volvo C40 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Volvo C40, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Volvo C40.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 Volvo C40 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura RDX$1,904-$482
2Cadillac XT4$2,056-$330
3Volvo XC40$2,100-$286
4Lexus UX 250h$2,132-$254
5Mercedes-Benz GLA250$2,212-$174
6Mercedes-Benz GLB 250$2,234-$152
7Lexus NX 250$2,248-$138
8Lexus NX 350h$2,276-$110
9Lexus NX 350$2,290-$96
10Lincoln Corsair$2,292-$94
11Lexus NX 450h$2,302-$84
12BMW X1$2,310-$76
13Alfa Romeo Tonale$2,320-$66
14Mercedes-Benz GLC300$2,324-$62
15Lexus RZ 450e$2,330-$56
16Volvo XC60$2,336-$50
17Audi Q3$2,348-$38
18Land Rover Evoque$2,364-$22
19Volvo C40$2,386--
20BMW X2$2,428$42
21Infiniti QX55$2,462$76
2023 Small Luxury SUV Average$2,468$82
22Mercedes-Benz GLA35 AMG$2,472$86
23Genesis GV70$2,514$128
24Mercedes-Benz EQB 300$2,526$140
25Genesis GV60$2,534$148
26Mercedes-Benz GLA45 AMG$2,542$156
27Alfa Romeo Stelvio$2,556$170
28Audi Q5$2,574$188
29Land Rover Range Rover Velar$2,582$196
30Mercedes-Benz EQB 350$2,590$204
31BMW X4$2,632$246
32Land Rover Defender$2,644$258
33Jaguar F-Pace$2,656$270
34Audi Q4$2,668$282
35Porsche Macan$2,678$292
36BMW X3$2,684$298
37Jaguar I-Pace$2,840$454
38Aston Martin DBX$4,436$2,050

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 C40 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 Volvo C40.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 Volvo C40 Insurance Rates by Trim Level
2023 Volvo C40 Trim Level Annual Premium Cost Per Month
Recharge Core$2,344$195
Recharge Plus$2,376$198
Recharge Ultimate$2,436$203

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 Volvo C40 for different driver ages.

2023 Volvo C40 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,487$707
17$8,259$688
18$7,472$623
19$6,767$564
20$5,192$433
21$4,951$413
22$4,439$370
23$3,611$301
24$3,425$285
25$2,774$231
30$2,548$212
35$2,446$204
40$2,386$199
45$2,224$185
50$2,104$175
55$1,966$164
60$1,974$165
65$2,110$176
70$2,262$189
75$2,652$221
80$3,276$273

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Volvo C40 trim levels.