Cheap 2001 Volvo S40 Insurance Quotes

Consumers have many options when looking for affordable Volvo S40 insurance. They can either waste time driving around to get rate comparisons or utilize the internet to get rate quotes.

There are both good and bad ways to shop for car insurance so you’re going to learn the absolute fastest way to quote coverages for a Volvo and obtain the best price possible either online or from local insurance agents.

If you have a policy now or are looking for a new policy, you will benefit by learning to shop for the lowest rates while maximizing coverage. The purpose of this article is to tell you the most effective way to quote insurance and some tricks to saving. Vehicle owners just need to know the tricks to compare price quotes online.

How to buy auto insurance online

Getting cheap 2001 Volvo S40 auto insurance pricing is not a difficult process. All that’s required is to invest a little time to get quotes provided by online insurance companies. This can be accomplished by using one of the methods below.

  1. The most efficient way to compare a lot of rates at once is an all-inclusive rate comparison like this one (opens in new window). This form saves time by eliminating multiple quote forms for every auto insurance company. One quote request gets rate comparisons from all major companies.It’s the quickest way to get rates.
  2. Another way to compare prices is going to each company website and fill out a new quote form. For sake of this example, let’s assume you want to get rates from Allstate, State Farm and Geico. You would have to take the time to go to each site and repeatedly type in your coverage information, which can take a lot of time. For a list of links to companies insuring cars in your area, click here.
  3. The least recommended method to get rate quotes is to spend your day driving to local insurance agencies. The ability to quote online eliminates this option unless you want the professional guidance that you can only get from talking to an agent. Some companies do allow you to price shop online but purchase the actual policy in an agency.

You can use whichever method you prefer to find lower rates, just try to keep nearly identical coverages and limits for each price quote. If the quotes have different coverage information it’s impossible to make an equal comparison.

Drivers who switch save $472 a year? Really?

Consumers can’t get away from ads that claim the cheapest rates from companies such as State Farm and Allstate. All the ads advertise the message about how much you will save after switching your car insurance coverage to their company.

How can each company say the same thing? It’s all in the wording.

Different companies have an ideal profile for the type of driver that makes them money. A good example of a profitable customer might be over the age of 35, carries high limits, and drives less than 5,000 miles a year. A customer getting a price quote who fits those characteristics may get the lowest auto insurance rates and have a good chance to save money with a new company.

Consumers who do not match this ideal profile will probably have to pay higher premiums which leads to the prospect going elsewhere. If you pay attention, the ads say “customers who switch” but not “everyone who gets a quote” save money. That’s the way companies can make the claims of big savings.

This illustrates why you need to compare rate quotes every year. It’s just too difficult to predict which company will have better premium rates than you’re paying now.

Car insurance rates and discounts

Companies do not advertise all their discounts very well, so the following list contains both the well known in addition to some of the lesser obvious discounts that you may qualify for.

  • Professional Organizations – Having an affiliation with a professional or civic organization could qualify you for a break on your policy.
  • Discount for Home Ownership – Owning a home may trigger a policy discount on car insurance due to the fact that maintaining a home requires personal responsibility.
  • Payment Method – If paying your policy premium upfront rather than spreading payments over time you may have a lower total premium amount.
  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Anti-theft Discount – Cars, trucks, and SUVs with anti-theft systems help deter theft and will qualify for a discount on a insurance coverage quote.
  • Driver Safety – Completing a class that teaches defensive driving techniques could earn you a small percentage discount depending on where you live.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education as it can save substantially.
  • Discount for Good Grades – Getting good grades may save as much as 25% on a insurance coverage quote. The discount lasts up until you turn 25.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy life insurance.
  • Low Mileage – Driving fewer miles may allow you to get lower car insurancerates due to less chance of an accident.

Just know that some of the credits will not apply to your bottom line cost. Some only apply to specific coverage prices like comprehensive or collision. So when it seems like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

A list of car insurance companies and a summarized list of policyholder discounts include:

  • State Farm offers premium reductions for good student, student away at school, Drive Safe & Save, anti-theft, and passive restraint.
  • Farmers Insurance has savings for homeowner, bundle discounts, good student, teen driver, and early shopping.
  • Progressive has discounts for good student, online signing, online quote discount, continuous coverage, and multi-policy.
  • Geico may offer discounts for federal employee, good student, defensive driver, anti-theft, air bags, daytime running lights, and emergency military deployment.
  • Auto-Owners Insurance includes discounts for company car, group or association, safe driver, air bags, and paid in full.
  • The Hartford may have discounts that include good student, driver training, bundle, air bag, anti-theft, defensive driver, and vehicle fuel type.
  • Farm Bureau policyholders can earn discounts including good student, renewal discount, multi-policy, multi-vehicle, and 55 and retired.
  • USAA may include discounts for multi-policy, driver training, loyalty savings, good student, vehicle storage, and multi-vehicle.

Before you buy a policy, ask all the companies which discounts they offer. Discounts may not apply in your area. If you would like to view insurance companies who offer online car insurance quotes, follow this link.

Situations that may require an agent’s advice

When it comes to buying coverage, there really is not a single plan that fits everyone. Each situation is unique.

For instance, these questions can aid in determining if you would benefit from an agent’s advice.

  • Do I have coverage if my license is suspended?
  • Is rental equipment covered for theft or damage?
  • What if I total my 2001 Volvo S40 and owe more than it’s worth?
  • Can I get a multi-policy discount?
  • Does liability extend to a camper or trailer?
  • When should I buy a commercial auto policy?
  • Is a blown tire covered by insurance?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form. It’s fast, free and can help protect your family.

Insurance coverages 101

Knowing the specifics of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Volvo S40.

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. Normally these coverages are identical to your policy’s liability coverage.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like theft, a tree branch falling on your vehicle, damage from a tornado or hurricane and rock chips in glass. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability

This coverage can cover damage that occurs to other’s property or people by causing an accident. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like medical expenses, loss of income and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Collision protection

Collision insurance pays for damage to your S40 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, 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.

Insurance for medical payments

Med pay and PIP coverage kick in for bills for ambulance fees, rehabilitation expenses, pain medications, doctor visits and dental work. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Be a smart shopper

Insureds switch companies for many reasons like policy non-renewal, not issuing a premium refund, poor customer service or even high rates after DUI convictions. Regardless of your reason for switching companies, switching car insurance companies is not as hard as you think.

Cost effective 2001 Volvo S40 insurance can be sourced from both online companies and from local insurance agents, so you need to shop insurance coverage with both to get a complete price analysis. Some insurance companies may not provide price quotes online and usually these smaller companies only sell coverage through independent insurance agents.

We’ve covered a lot of techniques to reduce 2001 Volvo S40 insurance auto insurance rates online. The most important thing to understand is the more quotes you get, the better likelihood of getting cheap insurance coverage. Drivers may discover the best auto insurance rates are with a company that doesn’t do a lot of advertising.

More detailed car insurance information can be found in the articles below: