2001 Volvo V70 Car Insurance Quotes

Trying to find the cheapest auto insurance rates for your Volvo V70? Are you drained from paying out the nose to insure your Volvo every month? You are no different than millions of other people. There are many insurance companies to pick from, and although it’s nice to be able to choose, it can be more difficult to compare rates and cut insurance costs.

It’s a great practice to shop coverage around yearly because auto insurance prices change regularly. Even if you think you had the lowest price on V70 coverage on your last policy a different company probably has better rates today. Forget all the misinformation about auto insurance because I’m going to teach you the tricks you need to know to find lower rates on auto insurance.

Car insurance discounts help slash rates

Companies that sell car insurance do not advertise the complete list of policy discounts very well, so below is a list both the well known and the harder-to-find credits available to lower your premiums when you buy auto insurance online.

  • Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% on V70 coverage with certain companies.
  • Online Discount – A few insurance companies will give a small break for completing your application online.
  • Service Members Pay Less – Being on active deployment in the military could qualify you for better premium rates.
  • Discount for Passive Restraints – Factory options such as air bags or motorized seat belts may get savings up to 30%.
  • One Accident Forgiven – Not necessarily a discount, but some insurance companies may permit one accident before raising your premiums as long as you don’t have any claims prior to being involved in the accident.
  • Telematics Devices – Policyholders that allow data collection to study where and when they drive by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they show good driving skills.

Keep in mind that most discount credits are not given to your bottom line cost. Most only apply to individual premiums such as comp or med pay. Just because it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will lower the amount you pay for coverage.

Larger car insurance companies and some of their more popular discounts are:

  • State Farm has discounts for safe vehicle, multiple autos, anti-theft, driver’s education, and student away at school.
  • Geico discounts include air bags, daytime running lights, five-year accident-free, military active duty, and good student.
  • Allstate may have discounts that include EZ pay plan discount, anti-lock brakes, farm vehicle, passive restraint, multi-policy, and premier plus.
  • SAFECO includes discounts for teen safety rewards, teen safe driver, homeowner, accident prevention training, anti-theft, anti-lock brakes, and bundle discounts.
  • Farm Bureau offers discounts for safe driver, multi-vehicle, multi-policy, renewal discount, youthful driver, driver training, and 55 and retired.
  • Progressive offers premium reductions for online signing, multi-vehicle, continuous coverage, good student, and homeowner.
  • AAA offers discounts including education and occupation, anti-theft, multi-policy, pay-in-full, AAA membership discount, and good driver.

Check with all the companies which discounts you qualify for. A few discounts may not apply to policies everywhere. To view insurance companies that provide some of the discounts listed above, click here.

How to get auto insurance quotes

Lowering your 2001 Volvo V70 auto insurance rates is not rocket science. Consumers just need to take time to compare rate quotes from online providers. Rate comparisons can be done by following the guidelines below.

  • The easiest and least time consuming way to find low rates is to use a rate comparison form like this one (opens in new window). This type of form eliminates the need for separate quotation requests for each company you want a rate for. One form submission will get you price quotes from several companies.
  • A more difficult way to compare prices consists of visiting each individual company website and fill out their own quote form. For examples sake, we’ll pretend you want rates from Farmers, Esurance and Progressive. To do that, you would have to visit each site and enter your policy data, which is why the first method is more popular. For a list of companies in your area, click here.
  • The least recommended way of comparing rate quotes to insurance agents’ offices. The internet makes this process obsolete unless you have a need for the professional guidance of an agent trained in personal lines coverage. However, consumers can compare the best prices online and still use a local agent.

You can use whichever method you prefer to find lower rates, just double check that you are using exactly the same deductibles and coverage limits on every quote. If you use differing limits it’s impossible to determine which rate is truly the best.

Which is the best insurance?

When buying the best insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that can help discover if you might need professional guidance.

  • Do I have coverage if my license is suspended?
  • Do I have coverage when pulling a U-Haul trailer?
  • Are rental cars covered under my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • What happens if I owe more than my 2001 Volvo V70 is worth?
  • Do I need higher collision deductibles?
  • Does my insurance cover a custom paint job?
  • Is upholstery damage covered by car insurance?
  • Do I need an umbrella policy?
  • When would I need additional glass coverage?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It is quick, free and may give you better protection.

Auto insurance 101

Understanding the coverages of a car insurance policy aids in choosing the best coverages for your vehicles. Car insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages available from car insurance companies.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hail damage, fire damage, theft and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage

Med pay and PIP coverage pay for bills for surgery, dental work, chiropractic care, doctor visits and prosthetic devices. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Liability coverages

Liability coverage will cover damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as court costs, medical services, repair costs for stationary objects and bail bonds. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Volvo V70.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.

Coverage for collisions

Collision coverage pays for damage to your V70 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as scraping a guard rail, crashing into a building, rolling your car and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

The best insurance company isn’t always the cheapest

Throughout this article, we presented many ways to lower your 2001 Volvo V70 insurance prices. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. Consumers may even find the most savings is with a small mutual company. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

Discount 2001 Volvo V70 insurance is definitely available both online as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who may not provide online price quotes and usually these smaller companies sell through independent insurance agents.

When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced comprehensive coverage or liability limits and learned later they didn’t have enough coverage. Your focus should be to get the best coverage possible at the lowest possible cost.

More tips and info about insurance is available by following these links: