Cheap 1995 Volvo 940 Insurance Quotes

Want lower auto insurance rates for your Volvo 940? Are you a victim of an expensive auto insurance policy? Believe me when I say many drivers have buyer’s remorse.

Many car insurance companies vie for your hard-earned dollar, so it’s not easy to compare every insurance company to find the absolute cheapest price

Seven factors that affect insurance rates

When buying insurance it’s important to understand the factors that help calculate your premiums. When you know what positively or negatively determines base rates, this empowers consumers to make smart changes that may reward you with lower insurance prices. Lots of factors are taken into consideration when quoting car insurance. Some factors are common sense such as traffic violations, but other factors are not quite as obvious like where you live or your commute time.

  • Advanced alarm systems – Choosing to buy a car that has an advanced theft prevention system can help lower your rates. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop auto theft and help lower rates.
  • Does car insurance cost more for men? – Statistics have proven women tend to be less risk to insure than men. However, don’t assume that men are WORSE drivers than women. Both sexes tend to get into accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to receive more costly citations such as reckless driving. Male teenagers generally have the highest accident percentage and therefore pay the highest rates.
  • What are your comp and collision deductibles? – Coverage for physical damage, aka comp and collision, covers damage that occurs to your Volvo. Examples of covered claims could be a windshield shattered by a rock, flood damage, or theft. Comp and collision deductibles state the amount of money you are willing to pay out-of-pocket before your insurance pays a claim. The more the insured is willing to pay, the less money you will pay for insurance for 940 insurance.
  • Your address can push rates up or down – Choosing to live in less populated areas is a positive aspect when insuring your vehicles. Urban drivers have to deal with more road rage incidents and longer commutes to work. Less people living in that area translates into fewer accident claims and a lower car theft rate.
  • Higher premiums for specific employers – Jobs like military personnel, executives and emergency personnel tend to have higher rates than average due to high stress levels and incredibly demanding work hours. Other jobs like farmers, historians and homemakers have lower than average premiums for 940 insurance.
  • Save annual miles and save money – Driving more miles each year the more you’ll pay to insure your vehicle. Almost all companies calculate prices based on how the vehicle is used. Cars used primarily for pleasure use receive better premium rates compared to those used for work or business. Verify your insurance policy correctly shows annual mileage, because it can save money. Incorrect rating for your 940 can result in significantly higher rates.
  • Insurance policy lapses increase premiums – Driving without insurance is illegal and you will pay a penalty because you let your insurance coverage expire. And not only will your rates increase, the inability to provide proof of insurance will get you a license revocation or jail time.

Discounts to earn lower-cost car insurance rates

Not too many consumers would say car insurance is affordable, but you might already qualify for some discounts to help bring down the price. Many discounts should be triggered when you complete an application, but lesser-known reductions have to be requested specifically before you get the savings.

  • Driver Training Discounts – Taking part in a course in defensive driver could possibly earn you a 5% discount and easily pay for the cost of the class.
  • Switch and Save Discount – A few insurance companies give discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Driver Education Discount – It’s a good idea to have your young drivers enroll and complete driver’s education as it will make them better drivers and lower rates.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying in monthly installments you may reduce your total bill.
  • Federal Employees – Active or former government employment may reduce rates when you quote insurance for 940 insurance with a few car insurance companies.
  • Online Discount – A handful of insurance companies give back up to $50 for buying your policy over the internet.
  • Service Members Pay Less – Being deployed with a military unit may lower your car insurance rates slightly.
  • Good Student Discount – Being a good student can earn a discount of 20% or more. The discount lasts up until you turn 25.
  • Senior Discount – Drivers that qualify as senior citizens may be able to get a slight reduction on a insurance quote for 940 insurance.
  • Safety Restraint Discount – Drivers who require all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.

A quick disclaimer, many deductions do not apply to all coverage premiums. Most only apply to individual premiums such as collision or personal injury protection. Just because it seems like you could get a free car insurance policy, insurance companies wouldn’t stay in business.

Larger car insurance companies and the discounts they provide can be read below.

  • State Farm discounts include safe vehicle, multiple policy, multiple autos, passive restraint, driver’s education, and student away at school.
  • American Family may have discounts that include TimeAway discount, defensive driver, Steer into Savings, mySafetyValet, bundled insurance, air bags, and early bird.
  • AAA policyholders can earn discounts including anti-theft, multi-car, education and occupation, multi-policy, AAA membership discount, and pay-in-full.
  • Geico may include discounts for military active duty, daytime running lights, anti-theft, good student, multi-policy, and membership and employees.
  • Mercury Insurance has discounts for annual mileage, good student, location of vehicle, multi-car, age of vehicle, and professional/association.
  • Farmers Insurance offers discounts including youthful driver, bundle discounts, electronic funds transfer, early shopping, switch companies, multi-car, and teen driver.
  • Progressive may offer discounts for good student, multi-vehicle, online signing, homeowner, continuous coverage, and online quote discount.

If you are trying to find inexpensive insurance quotes, ask each company or agent how many discounts you can get. Some of the earlier mentioned discounts may not be available in your state. If you would like to see a list of companies who offer cheap car insurance quotes, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. These are some specific questions may help you determine whether your personal situation could use an agent’s help.

  • Can my teen drive my company car?
  • Am I missing any policy discounts?
  • Does my 1995 Volvo 940 qualify for pleasure use?
  • Is pleasure use cheaper than using my 1995 Volvo 940 to commute?
  • Am I covered when using my vehicle for business?
  • Is my cargo covered for damage or theft?
  • Do I have coverage for damage caused while driving under the influence?
  • Am I better off with higher deductibles on my 1995 Volvo 940?
  • Does my policy pay for OEM or aftermarket parts?
  • I have health insurance so do I need medical payments coverage?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Parts of your insurance policy

Learning about specific coverages of your insurance policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages found on the average insurance policy.

Coverage for liability

Liability insurance provides protection from damage or injury you incur to other’s property or people. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like emergency aid, loss of income, structural damage and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like hospital visits, prosthetic devices, chiropractic care, X-ray expenses and ambulance fees. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Collision coverage protection

This pays to fix your vehicle from damage resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as damaging your car on a curb, crashing into a building, driving through your garage door, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as damage to your Volvo 940.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive (Other than Collision)

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, a broken windshield and falling objects. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Power to the consumer

Lower-priced insurance coverage can be bought both online and from local insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance coverage companies may not have online price quotes and many times these small, regional companies only sell coverage through local independent agents.

We’ve covered a lot of techniques to shop for 1995 Volvo 940 insurance online. The key concept to understand is the more you quote insurance, the better chance you’ll have of finding cheap insurance. Consumers may even find the lowest premium rates are with the least-expected company. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate, Geico and Progressive.

Additional information is available at the links below