2004 Volvo S60 Insurance Cost

Searching for the cheapest insurance rates for your Volvo S60? Saving money on insurance can seem to be frustrating for drivers who are beginners to comparison shopping online. Drivers have so many choices that it can easily turn into a real difficult job to find cheaper prices.

Low cost auto insurance quotes online

There are several ways to shop for auto insurance, but one way is easier and takes less work. You can spend your afternoon talking to local insurance agents in your area, or you can utilize online quoting to get prices fast.

Many of the larger companies are enrolled in a marketplace where prospective buyers complete one form, and at least one company returns a competitive quote based on the submitted data. This eliminates the need for form submissions for each company. To fill out one form to compare multiple rates now click here (opens in new window).

The one disadvantage to doing it this way is buyers cannot specifically choose which providers you want pricing from. So if you prefer to choose from a list of companies to compare prices, we have a listing of low cost auto insurance companies in your area. Click to view list.

You can use whichever method you prefer to find lower rates, just make sure you use exactly the same deductibles and coverage limits on every price quote you get. If your comparisons have different liability limits it will be very difficult to get a fair rate comparison. Slightly different coverages can mean a large discrepancy in price. Keep in mind that quoting more will enable you to find the best price. Some companies don’t provide price estimates online, so you also need to get quotes from them, too.

What insurance coverages do I need?

When it comes to choosing coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions could help you determine if you will benefit from professional help.

  • What is the rate difference between pleasure use and commuting?
  • Who is covered by my policy?
  • Are my friends covered when driving my car?
  • Does insurance cover damages from a DUI accident?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How do I insure my teen driver?
  • What is no-fault insurance?
  • Are split liability limits better than a combined single limit?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form.

Car insurance coverage information

Understanding the coverages of insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Collision coverages – This coverage will pay to fix damage to your S60 from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, driving through your garage door, colliding with a tree and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive protection – This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like vandalism, a tree branch falling on your vehicle, falling objects, damage from a tornado or hurricane and fire damage. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for liability – This will cover damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like emergency aid, court costs and medical services. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Medical expense coverage – Med pay and PIP coverage kick in for bills like prosthetic devices, doctor visits, EMT expenses and chiropractic care. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Volvo S60.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.