Lower Your 2002 Volvo S40 Car Insurance Quotes

Searching for better car insurance rates? Consumers have a choice when looking for the lowest priced Volvo S40 insurance. They can either waste time calling around getting price quotes or use the internet to find the lowest rates. There is a better way to shop for car insurance so you’re going to learn the proper way to get price quotes for your Volvo and find the best price possible from local insurance agents and online providers.

It’s a good habit to compare rates at least once a year since rates are constantly changing. Even if you got the lowest rate on S40 insurance six months ago you may be paying too much now. Ignore everything you know about car insurance because you’re about to find out how to use online quotes to buy cheaper car insurance.

Buying car insurance is easy if you know what you’re doing. If you have car insurance now, you will be able to cut costs considerably using this strategy. Consumers just need to understand the best way to compare prices on the web.

Cheapest insurance coverage quotes

Getting more affordable 2002 Volvo S40 insurance coverage pricing is actually quite simple. Drivers just need to spend a few minutes on the computer comparing price quotes to find the company with inexpensive insurance quotes. This is very easy and can be done by following the guidelines below.

  • The most recommended method to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This style of form eliminates the need for multiple quote forms for every company. One form gets coverage cost estimates from multiple companies. Recommended for those who want to invest the least amount of time.
  • A different way to shop for insurance coverage online consists of going to the website for each individual company and request a quote. For example, let’s say you want to compare rates from USAA, 21st Century and Progressive. You would be required to spend time on each company’s site and repeatedly type in your coverage information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but make sure you use the same quote data for each comparison quote. If your comparisons have different data it will be next to impossible to determine the lowest rate for your Volvo S40.

Find hidden discounts on car insurance

Buying car insurance is not cheap, but you may be missing some discounts that could help you make your next renewal payment. Certain discounts will be applied at quote time, but some may not be applied and must be specifically requested in order for you to get them.

  • Clubs and Organizations – Having an affiliation with certain professional organizations can get you a small discount on your next car insurance statement.
  • Employee of Federal Government – Federal government employees can save as much as 8% on S40 insurance with some car insurance companies.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you could save up to 5%.
  • Save with a New Car – Buying coverage on a new vehicle can save you some money since newer models have better safety ratings.
  • ABS Brakes – Cars equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and will save you 10% or more.
  • Defensive Driver – Taking time to complete a defensive driving course may get you a small discount and easily pay for the cost of the class.

Discounts save money, but please remember that many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

Companies and a summarized list of policyholder discounts are:

  • Geico may offer discounts for defensive driver, air bags, emergency military deployment, driver training, multi-policy, and federal employee.
  • Travelers includes discounts for multi-policy, continuous insurance, hybrid/electric vehicle, new car, multi-car, and early quote.
  • Nationwide has savings for defensive driving, accident-free, easy pay, Farm Bureau membership, and business or organization.
  • Farmers Insurance offers premium reductions for alternative fuel, homeowner, teen driver, good student, early shopping, and business and professional.
  • Esurance may include discounts for renters, online quote, online shopper, claim free, paid-in-full, and good driver.
  • State Farm policyholders can earn discounts including Steer Clear safe driver discount, defensive driving training, good student, accident-free, and multiple autos.
  • Progressive has discounts for homeowner, multi-policy, multi-vehicle, good student, continuous coverage, online signing, and online quote discount.
  • Mercury Insurance may have discounts that include location of vehicle, multi-car, accident-free, ease of repair, annual mileage, and anti-theft.

When quoting, ask every prospective company which discounts you qualify for. Some discounts may not apply to policyholders in your area. To locate companies with the best discounts, follow this link.

Tailor your car insurance coverage to you

When buying adequate coverage for your vehicles, there isn’t really a perfect coverage plan. Each situation is unique.

These are some specific questions may help you determine if your insurance needs might need professional guidance.

  • Should I put collision coverage on all my vehicles?
  • Is my teenager covered with friends in the car?
  • Does coverage extend to my business vehicle?
  • What if I don’t agree with a claim settlement offer?
  • What can I do if my company won’t pay a claim?
  • Do I have coverage when using my vehicle for my home business?
  • Can my teen drive my company car?
  • Am I covered when using my vehicle for business?
  • Should I have combined single limit or split liability limits?

If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Coverage specifics

Knowing the specifics of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Volvo S40.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for expenses for things like chiropractic care, X-ray expenses, doctor visits, dental work and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision coverage protection

This will pay to fix damage to your S40 from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as crashing into a building, hitting a parking meter, backing into a parked car, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.

Liability coverage

This coverage protects you from damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for things such as medical services, pain and suffering, legal defense fees, funeral expenses and loss of income. How much coverage you buy is up to you, but buy as large an amount as possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, damage from a tornado or hurricane and vandalism. The highest amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.