2007 Volvo V70 Insurance Quotes – 10 Tips for Best Rates

Have you had enough of sacrificing other expenses to keep your car insured? You are no different than the majority of other consumers.

Big-name insurance companies like Allstate and Progressive all promote huge savings with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and find the best price available.

Get affordable car insurance with discounts

Some providers don’t always advertise the complete list of policy discounts in a way that’s easy to find, so we took the time to find a few of the more well known as well as the least known credits that you can use to lower your rates.

  • First Accident Forgiveness – This isn’t a discount exactly, but companies like Geico, Allstate and Liberty Mutual will allow you to have one accident without the usual rate increase if your claims history is clear for a specific time period.
  • Discounts for Seat Belt Usage – Requiring all passengers to wear their seat belts could cut 10% or more off PIP or medical payments premium.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance in addition to your auto policy.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts may get savings of 25 to 30%.
  • More Vehicles More Savings – Buying a policy with several vehicles on a single policy may reduce the rate for each vehicle.
  • Good Student Discount – This discount can get you a discount of up to 25%. Many companies even apply the discount to college students until age 25.
  • College Student – Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Service Members Pay Less – Having a family member in the military may lower your premium rates slightly.
  • Multi-policy Discount – If you can bundle your home and auto insurance with one insurance company you could earn a discount of up to 20% off your total premium.
  • Drivers Ed for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course if offered at their school.

It’s important to note that most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think you would end up receiving a 100% discount, nobody gets a free ride. But all discounts will positively reduce the cost of coverage.

To choose insurers with the best discounts, follow this link.

Tailor your insurance coverage coverage to you

When it comes to buying the best insurance coverage coverage for your personal vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions could help you determine whether your personal situation might need an agent’s assistance.

  • When should my teen driver be added to my policy?
  • What is roadside assistance coverage?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered when using my vehicle for business?
  • Am I missing any policy discounts?
  • Does coverage extend to Mexico or Canada?
  • Do I need more liability coverage?
  • At what point should I drop full coverage?

If you can’t answer these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Coverage specifics

Understanding the coverages of a insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by insurance companies.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as funeral costs, nursing services and doctor visits. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance 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 things such as damage from flooding, rock chips in glass, a broken windshield, hitting a bird and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability insurance

This will cover injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things such as funeral expenses, repair bills for other people’s vehicles, repair costs for stationary objects, loss of income and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Collision coverage

This pays for damage to your V70 caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with another moving vehicle, rolling your car, scraping a guard rail, damaging your car on a curb and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Volvo V70.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.

Be Smart and Buy Smart

You just read a lot of tips how to reduce 2007 Volvo V70 insurance rates online. The key thing to remember is the more price quotes you have, the higher your chance of finding inexpensive insurance. You may even find the lowest rates are with a company that doesn’t do a lot of advertising. Smaller companies may only write in your state and offer lower car insurance rates as compared to the big name companies such as State Farm, Geico and Nationwide.

When you buy insurance online, do not sacrifice coverage to reduce premiums. Too many times, an insured cut physical damage coverage and discovered at claim time they didn’t have enough coverage. Your strategy should be to buy a smart amount of coverage at a price you can afford, but don’t skip important coverages to save money.

Discount 2007 Volvo V70 insurance is available from both online companies in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who may not provide online price quotes and these small insurance companies only sell coverage through independent agents.

Additional detailed information can be found in the articles below: