Cheap 1994 Volvo 940 Car Insurance Quotes

Car insurance shoppers not familiar with comparing insurance coverage quotes on the internet may find locating cheap auto insurance is more work than they anticipated.

If you have car insurance now, you should be able to cut costs considerably using these tips. This article will instruct you on how to effectively get price quotes. But consumers do need to learn the methods companies use to price insurance differently because it can help you find the best coverage.

How to buy insurance

To find the best insurance prices, there are several ways to compare prices from insurance companies in your area. The best method to find the lowest 1994 Volvo 940 rates consists of obtaining rate quotes online. This is very easy and can be done using a couple different methods.

The most efficient method to get quotes for comparison is an all-inclusive rate comparison click to view form in new window. This easy form eliminates the need for multiple quote forms for every insurance company. One quote request will return quotes from insurance companies with the best prices. Just one form and you’re done.

A harder way to obtain and compare quotes online requires a visit to the website of each company and repeat the quote process. For instance, we’ll pretend you want to compare Geico, State Farm and GMAC. In order to get each rate, you would have to navigate to each company’s site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method. For a list of companies in your area, click here.

It doesn’t matter which method you choose, just do your best to enter the exact same coverages for each price quote. If your comparisons have unequal deductibles or liability limits you will not be able to make a fair rate comparison. Slightly different insurance coverages or limits could skew the results. And when price shopping your coverage, having more price comparisons will enable you to find a lower rate than you’re paying now.

Lower rates by qualifying for discounts

Car insurance companies don’t always publicize every discount very well, so the list below contains a few of the more well known and the more hidden insurance coverage savings.

  • Driver Training Discounts – Participating in a course teaching defensive driver skills is a good idea and can lower rates and make you a better driver.
  • 55 and Retired – Seniors may receive reduced rates for 940 coverage.
  • Good Student Discount – A discount for being a good student can earn a discount of 20% or more. The discount lasts up to age 25.
  • Life Insurance Discount – Not all insurance coverage companies offer life insurance, but some may give you a discount if you purchase auto and life insurance together.
  • Discounts for New Vehicles – Adding a new car to your policy can be considerably cheaper because new model year vehicles keep occupants safer.
  • Accident Waiver – Not necessarily a discount, but certain companies will forgive one accident without raising rates as long as you don’t have any claims for a particular time prior to the accident.
  • Driving Data Discount – Policyholders that allow data collection to track their driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease as long as the data is positive.
  • Theft Deterent – Cars optioned with advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your auto insurance quote.
  • Homeowners Discount – Owning a house can get you a discount since owning and maintaining a home requires personal responsibility.

Policy discounts save money, but many deductions do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way.

A few popular companies and some of the discounts include:

  • American Family offers premium reductions for bundled insurance, good driver, good student, Steer into Savings, accident-free, and mySafetyValet.
  • Nationwide has discounts for accident-free, anti-theft, defensive driving, Farm Bureau membership, and multi-policy.
  • MetLife offers discounts for good student, multi-policy, defensive driver, claim-free, good driver, accident-free
  • 21st Century policyholders can earn discounts including homeowners, good student, air bags, teen driver, student driver, automatic seat belts, and early bird.
  • Farmers Insurance offers discounts including homeowner, pay in full, teen driver, mature driver, and distant student.
  • Allstate may include discounts for FullPay discount, anti-theft, EZ pay plan discount, eSmart discount, multi-policy, defensive driver, and utility vehicle.

If you want low cost auto insurance quotes, ask every company what discounts are available to you. A few discounts might not apply in your area.

Lower your insurance premiums

When buying auto insurance it’s important to understand some of the factors that help calculate your policy premiums. When you know what positively or negatively determines base rates, this enables you to make decisions that could result in better auto insurance rates. Lots of factors are considered when you quote your car insurance policy. A few of the factors are predictable such as your driving record, but other factors are more transparent such as your marital status or how safe your car is.

Listed below are some of the items companies use to determine rates.

  • Gender impacts costs – Over the last 50 years, statistics have shown females are less aggressive when driving. The data does not necessarily mean that males are worse at driving than females. Women and men tend to get into at-fault accidents at a similar rate, but the men have costlier accidents. In addition to higher claims, males also receive more costly citations like driving under the influence (DUI). Young men ages 16 to 20 generally have the highest accident percentage and thus pay the highest rates.
  • Optional features that lower prices – Purchasing a vehicle with an alarm system can help bring down rates. Systems that thwart theives like OnStar, LoJack tracking, and tamper alarms all help stop auto theft.
  • Pleasure use or commuting – The more you drive your Volvo each year the higher the price you pay to insure it. A lot of insurance companies calculate prices based upon how the vehicle is primarily used. Cars and trucks that are left in the garage qualify for better rates than cars that get driven a lot. It’s a good idea to make sure your auto insurance coverage properly reflects the correct driver usage, because improper ratings can cost you money. An improperly rated 940 can result in significantly higher rates.
  • Reserve claims for larger damages – If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Companies award discounts to drivers who only file infrequent claims. Auto insurance is intended for major claims that would cause financial hardship.
  • Liability limits should be high – Your auto insurance policy’s liability coverage will provide protection if a court rules you are at fault for an accident. This coverage provides you with a defense in court which can cost a lot. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.

Auto insurance is unique, just like you

When choosing coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions might help in determining whether or not you might need an agent’s assistance.

  • Is my teen driver covered when they drive my company car?
  • Does insurance cover damages from a DUI accident?
  • Is my nanny covered when driving my vehicle?
  • Are rock chip repairs covered?
  • Why am I required to buy high-risk coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I really need UM/UIM coverage?
  • Do I need added coverage for expensive stereo equipment?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.

Drivers who switch save $409 a year? Really?

Car insurance providers like State Farm and Allstate seem to constantly run television and radio advertisements. All the companies try to convey promises about saving some big amount if you switch to their company. How can each company give you a lower rate? It’s all in the wording.

Most companies offer their best rates for the type of customer that earns them the most money. For example, a profitable customer should be a female over age 40, has a clean driving record, and drives a car with an anti-theft system. Any driver who matches those parameters gets the lowest premium rates and have a good chance to save when switching.

Insureds who fall outside the “perfect” profile must pay more expensive rates and ends up with business not being written. The ads say “people that switch” but not “everyone who gets a quote” save that much money. That’s the way companies can make the claims of big savings.

This really drives home the point why drivers should compare price quotes frequently. It’s just too difficult to predict with any certainty which company will fit your personal profile best.

Information about specific coverages

Knowing the specifics of car insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Liability coverages – This coverage provides protection from damages or injuries you inflict on other’s property or people. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage pays for things like loss of income, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for uninsured or underinsured drivers – This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your Volvo 940.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liablity limits.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for bills for pain medications, chiropractic care and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive car insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from flooding, damage from a tornado or hurricane and falling objects. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverages – Collision coverage pays for damage to your 940 from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as hitting a mailbox, scraping a guard rail, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Shop Smart and Save

While you’re price shopping online, don’t be tempted to skimp on coverage in order to save money. There are a lot of situations where drivers have reduced liability limits or collision coverage only to discover later that the few dollars in savings costed them thousands. The goal is to purchase a proper amount of coverage at the best possible price while still protecting your assets.

We just covered some good ideas how you can lower your 1994 Volvo 940 insurance premium rates. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates are with a company that doesn’t do a lot of advertising.

Lower-priced 1994 Volvo 940 insurance is available online in addition to many insurance agents, so you should compare both to have the best rate selection. There are still a few companies who do not provide internet price quotes and usually these regional carriers work with local independent agencies.

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