2000 Volvo V70 Car Insurance Rates – 8 Savings Tips

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.

Which insurance coverage is cheapest?

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.

  • Probably the best way consumers can make multiple comparisons is to use a rate comparison form (click to open form in new window). This style of form eliminates the need for repetitive form entry for each company. Taking the time to complete one form gets you price quotes from many national carriers.
  • A less efficient way to analyze rates is going to the website of each company and go through the quote process again. For instance, let’s assume you want to view quotes from Nationwide, Esurance and Allstate. To do that, you would have to visit each site to input your insurance information, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.

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.

More discounts mean cheaper premiums

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.

  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you can avoid monthly service charges.
  • Multi-Vehicle Discounts – Buying coverage for all your vehicles with the same company could earn a price break for each car.
  • Seat Belts Save – Requiring all passengers to buckle up before driving can save up to 15% on the medical payments or PIP coverage costs.
  • Buy New and Save – Buying a new car instead of a used car may earn a small discount because new model year vehicles have to meet stringent safety requirements.
  • Anti-lock Brakes – Cars with ABS and/or traction control can avoid accidents and earn discounts up to 10%.
  • Homeowners Pay Less – Being a homeowner can help you save on car insurance because owning a home requires personal responsibility.
  • Discounts for Government Workers – Active or retired federal employment can earn a discount up to 10% on V70 insurance with select insurance companies.

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.

It’s not one size fits all

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.

  • Is motorclub coverage worth it?
  • Is a new car covered when I drive it off the dealer lot?
  • Can my teen driver be rated on a liability-only vehicle?
  • How do I file an SR-22 for a DUI in my state?
  • Am I covered when driving a rental car?
  • What if I total my 2000 Volvo V70 and owe more than it’s worth?
  • Is my ex-spouse still covered by my policy?
  • How much liability coverage do I need in my state?
  • Is business property covered if stolen from my car?
  • What is high-risk coverage and where do I buy it?

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

Car insurance coverages and their meanings

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.

A tidy conclusion

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.

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