Searching for the cheapest insurance rates for your Volvo V70? Do you get exhausted from trying to scrape together enough money to pay high insurance rates every month? Your situation is no different than many other vehicle owners.
Insurance companies such as Geico, Progressive and Allstate constantly bombard you with fancy advertisements and consumers find it hard to not get sucked in by the cute commercials and take the time to shop coverage around.
If you currently have car insurance, you will most likely be able to save some money using these techniques. Choosing the best insurance company for you is not rocket science. Although vehicle owners must learn the way insurance companies price online insurance and use this information to your advantage.
There are several ways to compare rate quotes from local insurance coverage companies. The easiest way to comparison shop is to get quotes online. This can be accomplished in a couple of different ways.
The approach you take is up to you, just try to use exactly the same information for each comparison quote. If you are comparing higher or lower deductibles it will be very difficult to make an equal comparison. Slightly different coverage limits can mean a large discrepancy in price. And when quoting insurance coverage, remember that comparing more rates from different companies will increase your chances of finding more affordable insurance.
Some insurance providers don’t list all their discounts in a way that’s easy to find, so here is a list a few of the more common and also the more inconspicuous savings tricks you should be using when you buy insurance coverage online.
Don’t be surprised that most discount credits are not given to your bottom line cost. Most cut the price of certain insurance coverages like medical payments or collision. So when it seems like having all the discounts means you get insurance for free, companies don’t profit that way.
A partial list of companies that may have these benefits include:
Double check with every insurance company which discounts can lower your rates. Depending on the company, some discounts might not apply in your area. If you would like to choose from a list of providers who offer discounts, click here.
When it comes to choosing coverage, there really is not a “perfect” insurance plan. Every situation is different so this has to be addressed. Here are some questions about coverages that might point out if your insurance needs may require specific advice.
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages available from car insurance companies.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like funeral costs, surgery and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage
Collision protection
Collision coverage will pay to fix damage to your V70 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for things like sustaining damage from a pot hole, sideswiping another vehicle, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.
Comprehensive coverage
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like vandalism, damage from a tornado or hurricane and hail damage. 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 it’s probably time to drop comprehensive insurance.
Liability coverage
Liability coverage protects you from injuries or damage you cause to other’s property or people. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for claims such as repair bills for other people’s vehicles, medical expenses, medical services, court costs and structural damage. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.
Uninsured/Underinsured Motorist coverage
This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Frequently these limits are set the same as your liablity limits.
When trying to cut insurance costs, never sacrifice coverage to reduce premiums. In too many instances, an insured dropped comprehensive coverage or liability limits and learned later that it was a big error on their part. Your aim should be to buy enough coverage for the lowest price while not skimping on critical coverages.
Discount 2000 Volvo V70 insurance is available from both online companies in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates. A few companies don’t offer the ability to get quotes online and these smaller providers work with independent insurance agents.