2003 Volvo XC90 Insurance Rates

Nobody I know loves paying for insurance coverage, especially when they know they could find better rates elsewhere.

There are many insurers to choose from, and even though it’s nice to be able to choose, it can be more difficult to compare rates and find the lowest cost insurance coverage.

It’s a great practice to compare prices as often as possible because insurance prices trend upward over time. Despite the fact that you may have had the lowest price for XC90 insurance six months ago you can probably find a lower rate today. Don’t believe everything you read about insurance coverage out there, but you can learn a lot of great tips on how to quit paying high insurance coverage rates.

Cheaper rates with discounts

Companies that sell car insurance don’t always publicize every policy discount in a way that’s easy to find, so the list below contains some of the more common and also the lesser-known credits available to you. If you are not receiving all the discounts possible, you’re paying more than you need to.

  • No Claim Discounts – Claim-free drivers pay less as compared to bad drivers.
  • Homeowners Pay Less – Just being a homeowner can save you money due to the fact that maintaining a home requires personal responsibility.
  • More Vehicles More Savings – Having multiple cars or trucks with the same insurance coverage company can get a discount for every vehicle.
  • Driver Training Discounts – Successfully completing a driver safety class may get you a small discount if your company offers it.
  • Early Switch Discount – Select insurance companies give a discount for signing up before your current coverage expires. This can save 10% or more.
  • Life Insurance Discount – Insurance companies who offer life insurance give a discounted rate on car insurance if you buy life insurance.
  • Military Deployment Discount – Having an actively deployed family member may qualify for rate reductions.
  • Save with a New Car – Putting insurance coverage coverage on a new car may earn a small discount because newer vehicles are generally safer.
  • Professional Memberships – Being in qualifying clubs or civic groups could earn you a nice discount when getting a insurance coverage quote.
  • Government Employee Discount – Federal government employees can earn a discount up to 10% for XC90 insurance but check with your company.

You should keep in mind that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you could get a free insurance coverage policy, it’s just not the way it works.

To see a list of insurance companies with discount rates, click this link.

Informed consumers can reduce their insurance costs

Many things are taken into consideration when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but some are more obscure like where you live or how financially stable you are.The best way to find cheaper insurance is to take a look at the factors that come into play when calculating the level of your policy premiums. If you have a feel for what influences your rates, this helps enable you to make changes that may result in better insurance rates.

  • Excellent credit saves on insurance – A driver’s credit history will be a significant factor in determining your rates. Consumers who have high credit scores tend to be better drivers and file fewer claims than drivers who have lower credit scores. Therefore, if your credit history could use some work, you could potentially save money when insuring your 2003 Volvo XC90 by spending a little time repairing your credit.
  • Rates can change based on your address – Living in small towns and rural areas may provide you with better prices if you are looking for the lowest rates. Urban drivers regularly have more traffic problems and much longer commute distances. Lower population means reduced accidents as well as less vandalism and auto theft.
  • No insurance policy gaps is important – Not maintaining insurance can get your license suspended and you may have a hard time finding new coverage because you let your coverage lapse. Not only will rates go up, failure to provide proof of insurance will get you a hefty fine and possibly a revoked license. You will then be forced to file a SR-22 with your state department of motor vehicles.
  • Men are more aggressive – Statistics demonstrate that men are more aggressive behind the wheel. It does not mean men are WORSE drivers than women. Both sexes tend to get into auto accidents in similar numbers, but males cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations like DUI and reckless driving. Youthful male drivers generally have the highest accident percentage so it costs more to insure them.
  • Theft deterrents save – Owning a car with advanced anti-theft systems can help bring down rates. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft and help bring rates down.
  • What’s your car’s NHTSA crash test rating? – Vehicles with good safety scores tend to have lower insurance rates. The safest vehicles have better occupant injury protection and lower rates of occupant injuries translates into fewer and smaller insurance claims which can result in lower premiums. If your Volvo XC90 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
  • Liability insurance limits are a factor – Liability coverage will afford coverage if you are ruled to be at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage starting from day one. It is affordable coverage compared to comp and collision, so drivers should carry high limits.

What is the best auto insurance coverage?

When it comes to buying the best auto insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that could help you determine if your situation could use an agent’s help.

  • Why is insurance for a teen driver so high?
  • Does my car insurance cover rental cars?
  • Which companies will insure high-risk drivers?
  • How does medical payments coverage work?
  • Does insurance cover tools stolen from my truck?
  • Am I covered if I hit a deer?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Will you really save $485 on insurance coverage?

Well-known insurance coverage companies like Allstate, Geico and Progressive consistently run television and radio advertisements. All the ads make an identical promise that drivers will save a bundle if you just switch to them. How can each company offer drivers better rates? It’s all in how they say it.

All the different companies have strict underwriting profiles for the type of driver that will be a good risk. One example of this type of driver might have to be between the ages of 30 and 45, owns their home, and drives less than 10,000 miles a year. Any person who fits that profile is entitled to the best price and will probably save if they switch.

Consumers who do not meet the requirements will probably be forced to pay higher premiums which leads to business not being written. If you listen closely, the ads state “people that switch” not “everyone who quotes” save the amount stated. That is how companies can truthfully make the claims of big savings. This illustrates why you really should get insurance coverage quotes as often as possible. It’s just not possible to know which insurance companies will have better rates than you’re paying now.

Coverages available on your car insurance policy

Knowing the specifics of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages offered by car insurance companies.

Collision protection

Collision coverage will pay to fix damage to your XC90 resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as rolling your car, driving through your garage door, crashing into a building, crashing into a ditch and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Volvo XC90.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like doctor visits, ambulance fees and X-ray expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as hitting a bird, hitting a deer, a tree branch falling on your vehicle, hail damage and fire damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability insurance

Liability insurance can cover damage that occurs to other’s property or people in 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 for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers things like attorney fees, legal defense fees, funeral expenses, emergency aid and structural damage. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Final thoughts

When shopping online for car insurance, you should never reduce coverage to reduce premium. In many cases, drivers have reduced liability coverage limits and discovered at claim time they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at the lowest possible cost, but don’t skip important coverages to save money.

We just showed you many ways to lower your 2003 Volvo XC90 insurance premium rates. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from a small mutual company. These smaller insurers may have significantly lower prices on certain market segments than the large multi-state companies such as Progressive or Geico.

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