Lower Your 2006 Volvo V70 Car Insurance Cost

Searching for the cheapest insurance for a Volvo V70 could be a lot of work, but you can learn these tips to make it easier. There are both good and bad ways to compare auto insurance rates so we’re going to tell you the quickest way to price shop coverage for a Volvo and obtain the cheapest rates either online or from local insurance agents.

Which insurance is cheapest?

Performing a rate comparison is a ton of work if you aren’t aware of the best way to get rate quotes. You could waste time discussing policy coverages with insurance companies in your area, or you could use online quotes to get the quickest rates.

All the larger companies participate in an industry program that allows shoppers to enter their coverage request one time, and every company can provide price quotes for coverage. This system prevents you from having to do quote forms to every company.

To enter your information into the quoting system, click to open in new window.

The single downside to getting quotes like this is you are unable to specify which providers to get pricing from. So if you prefer to pick specific providers for rate comparison, we have a listing of the cheapest insurance companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but make sure you use exactly the same quote information for each quote you get. If you are comparing different values for each quote it will be very difficult to determine the lowest rate for your Volvo V70.

You may qualify for discounts

Some insurers don’t necessarily list all disounts very well, so here is a list a few of the more well known and the more hidden car insurance savings.

  • More Vehicles More Savings – Drivers who insure multiple vehicles with the same company can reduce the rates for all insured vehicles.
  • Discounts for New Vehicles – Adding a new car to your policy can save you some money due to better safety requirements for new vehicles.
  • Military Rewards – Having a deployed family member could be rewarded with lower rates.
  • Low Miles Discount – Driving fewer miles can earn discounted car insurancerates on garaged vehicles.
  • Telematics Discount – Insureds that choose to allow their company to study vehicle usage by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if they exhibit good driving behavior.
  • Safety Course Discount – Completing a course in safe driver can save you 5% or more and also improve your driving technique.
  • 55 and Retired – If you qualify as a senior citizen, you could receive a small discount on rates for V70 coverage.
  • Sign Online – Certain insurance companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
  • Braking Control Discount – Cars, trucks, and SUVs with anti-lock braking systems are much safer to drive and the ABS can save up to 10%.

Please keep in mind that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like comprehensive or collision. Just because it seems like you can get free auto insurance, you’re out of luck.

If you would like to choose from a list of providers who offer car insurance discounts, follow this link.

Informed consumers can save money

Many factors are considered when quoting car insurance. Some of the criteria are obvious like an MVR report, but other factors are not quite as obvious such as your credit history or your financial responsibility.

Shown below are some of the things companies use to determine prices.

  • Urban residents pay more – Having an address in less populated areas has it’s advantages if you are looking for the lowest rates. Residents of big cities tend to have much more traffic and more severe claims. Less people means fewer accidents and also fewer theft and vandalism claims.
  • What’s your car’s IIHS safety rating? – Vehicles that have high safety ratings get lower rates. These vehicles reduce injuries and fewer serious injuries translates directly to fewer claims and lower rates for you. If your Volvo has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • Deter theft and pay less – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop car theft.
  • Pay less after the wedding – Having a spouse can get you a discount when shopping for auto insurance. Having a significant other means you’re more financially stable and statistics prove drivers who are married file infrequent claims.
  • Protect yourself with liability protection – Your policy’s liability coverage is the coverage that protects you if ever a court rules you are at fault for personal injury or accident damage. It provides you with a defense in court up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
  • Drive fewer miles and save – The more you drive your Volvo every year the more you’ll pay to insure your vehicle. Most insurance companies calculate prices based on their usage. Cars and trucks not used for work or commuting get more affordable rates than vehicles that have high annual mileage. Incorrect rating for your V70 may be wasting your money. It’s a good idea to make sure your declarations sheet states how each vehicle is driven, because it can save money.
  • Never go without auto insurance – Letting your insurance expire will be a fast way to increase your renewal premiums. In addition to paying higher rates, not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license. You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.

There’s no such thing as the perfect car insurance policy

When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s situation is a little different.

Here are some questions about coverages that can aid in determining whether your personal situation could use an agent’s help.

  • How can I get my company to pay me more for my totalled car?
  • Is there coverage for injuries to my pets?
  • How can I force my company to pay a claim?
  • Should I put collision coverage on all my vehicles?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and may give you better protection.

Educate yourself about insurance coverages

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Comprehensive protection

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, theft, a tree branch falling on your vehicle and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage

This coverage pays for damage to your V70 caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with another moving vehicle, sustaining damage from a pot hole, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Liability coverages

Liability insurance will cover damages or injuries you inflict on other people or property. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like legal defense fees, structural damage, medical services and funeral expenses. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Medical expense coverage

Med pay and PIP coverage kick in for expenses for things like surgery, X-ray expenses and doctor visits. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your 2006 Volvo V70.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Feed the piggy bank

Consumers change insurance companies for many reasons like questionable increases in premium, policy cancellation, denial of a claim or even not issuing a premium refund. Regardless of your reason, finding a new company is not as hard as you think.

Throughout this article, we presented many ideas to save on 2006 Volvo V70 insurance. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Consumers may even find the most savings is with a smaller regional carrier.

When searching for low cost car insurance quotes, it’s very important that you do not reduce needed coverages to save money. There are too many instances where someone sacrificed uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase a proper amount of coverage at the lowest possible cost, but do not skimp to save money.

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