View 2004 Volvo XC70 Insurance Cost

No one in their right mind fancies paying their premiums for car insurance, especially when the price is too high.

Since drivers have many online and local companies to choose from, it’s nearly impossible to pick the most affordable insurer.

Compare insurance coverage rates

When shopping for insurance coverage there are multiple ways to obtain and compare prices from many available insurance coverage companies in your state. The easiest way by far to compare rates is to get quotes online. This can be done in a couple minutes as outlined below.

  • The recommended way to find low rates is to use a rate comparison form click here to open form in new window. This quick form eliminates the need for a different quote to each individual insurance coverage company. Completing one form gets you price quotes from many national carriers.
  • A less efficient way to analyze rates requires a trip to the website for each individual company to complete their respective quote request forms. For examples sake, let’s say you want rates from Auto-Owners, Allstate and Liberty Mutual. You would be required to go to every website and enter your policy data, which explains why we recommend starting with the first method.

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

  • Even if you have time, the least recommended method of getting rate comparisons is to waste gas driving to local insurance agencies. The internet has made agencies unnecessary unless your situation requires the personal advice of a local agent. You can, however, price shop online but have your policy serviced through an agent.

Which method you use is up to you, but double check that you are using exactly the same coverage information with every price quote. If you compare higher or lower deductibles it will be very difficult to make an equal comparison. Slightly different insurance coverages or limits could mean much higher rates. And when price shopping your coverage, making a lot of price comparisons helps increase your odds of locating a better price.

Are insurance coverage companies telling the truth?

Respected companies like Allstate, Geico and Progressive constantly bombard you with television, radio, and online ads. They all advertise the message of big savings if you move your insurance coverage policy to them. But how can every company lower your rates? It’s all in the wording.

Most companies have underwriting criteria for the type of insured that earns them a profit. A good example of this type of driver might be a married female, carries full coverage, and drives less than 7,500 miles a year. Any customer that meets those criteria will get the preferred premium rates as well as save a lot if they switch.

Consumers who fall outside this ideal profile will probably have to pay higher premium rates and the customer buying from someone else. Company advertisements say “customers that switch” not “everyone that quotes” save that much when switching. That is how companies can truthfully make claims that they all have the best premium rates. Because of these techniques, you really need to get auto insurance quotes as often as possible. It’s not possible to predict which insurance coverage company will provide the lowest car insurance rates.

Cheaper rates with these auto insurance discounts

Insurance can cost an arm and a leg, but you might be missing out on some discounts that could drop your premiums quite a bit. Certain discounts will be applied when you purchase, but occassionally some discounts must be manually applied before being credited.

  • New Vehicle Savings – Adding a new car to your policy can save you some money because new vehicles are generally safer.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up until you turn 25.
  • Renewal Discounts – A few auto insurance companies offer discounts for switching policies prior to your current policy expiring. It can save you around 10%.
  • Federal Employees – Active or retired federal employment can earn a discount up to 10% on XC70 insurance with some auto insurance companies.
  • Distant Student – Children who are attending college and do not have a car can be insured at a reduced rate.
  • Discount for Life Insurance – Insurance carriers who offer life insurance give a lower auto insurance rate if you buy a life insurance policy as well.
  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems could see savings of 25 to 30%.

Remember that some of the credits will not apply the the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

Popular auto insurance companies and their offered discounts are:

  • Progressive discounts include homeowner, online signing, multi-policy, good student, multi-vehicle, and continuous coverage.
  • AAA may have discounts that include anti-theft, AAA membership discount, multi-policy, multi-car, good driver, education and occupation, and pay-in-full.
  • Farmers Insurance may offer discounts for distant student, multi-car, early shopping, mature driver, and teen driver.
  • Geico offers discounts for multi-policy, military active duty, emergency military deployment, driver training, anti-lock brakes, and air bags.
  • Esurance offers premium reductions for claim free, anti-lock brakes, renters, defensive driver, and online shopper.
  • SAFECO includes discounts for safe driver, teen safety rewards, anti-lock brakes, accident prevention training, bundle discounts, drive less, and anti-theft.
  • State Farm policyholders can earn discounts including accident-free, passive restraint, student away at school, anti-theft, multiple autos, good driver, and defensive driving training.

If you are trying to find cheaper auto insurance quotes, ask all the companies which discounts they offer. Some discounts might not be offered everywhere. If you would like to see a list of providers who offer auto insurance discounts, follow this link.

Car insurance can get complicated

When it comes to choosing adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Every situation is different and your policy should reflect that. For example, these questions could help you determine whether your personal situation will benefit from professional help.

  • Does insurance cover damages from a DUI accident?
  • Do I need higher collision deductibles?
  • When should I remove comp and collision on my 2004 Volvo XC70?
  • I don’t drive much so do I pay less?
  • Do I need more liability coverage?
  • Am I covered if I hit my neighbor’s mailbox?

If it’s difficult to answer those questions, you might consider 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 car insurance companies in your area.

Coverages available on your policy

Knowing the specifics of your insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types offered by insurance companies.

Coverage for collisions

Collision coverage will pay to fix damage to your XC70 from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as hitting a parking meter, crashing into a building and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a deer, vandalism, rock chips in glass and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Volvo XC70.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Liability insurance

Liability insurance will cover damages or injuries you inflict on people or other property. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against things like court costs, loss of income, attorney fees, pain and suffering and bail bonds. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like surgery, ambulance fees, nursing services and dental work. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Save for a rainy day

In this article, we covered many ideas to reduce 2004 Volvo XC70 insurance prices online. The most important thing to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the biggest savings come from the least-expected company. Some small companies may only write in your state and offer lower rates compared to the large companies like Geico and State Farm.

A few companies may not provide online price quotes and usually these regional carriers sell through independent agents. Discount 2004 Volvo XC70 insurance can be sourced online as well as from insurance agents, and you should compare rates from both to have the best selection.

Much more information about insurance is available at these links: