View 2010 Volvo V50 Insurance Quotes

Did you make the mistake of buying overpriced car insurance? You’re in good company because there are a lot of people just like you who feel imprisoned by their car insurance policy. Because you have many choices, it is hard for the average consumer to pick the lowest cost car insurance provider.

It’s a good idea to get comparison quotes quite often because prices tend to go up over time. Despite the fact that you may have had the lowest price on V50 insurance a year ago other companies may now be cheaper. Ignore everything you know about car insurance because you’re about to learn one of the best ways to save money, get proper coverage and the best rates.

Double check you’re getting these rate-reducing discounts

Insurance is not cheap nor is it fun to buy but there could be significant discounts that can drop the cost substantially. Many of these discounts will be applied automatically when you quote, but a few need to be asked for before they will apply.

  • Telematics Data Discounts – Drivers that enable data collection to monitor their driving habits by installing a telematics device such as State Farm’s In-Drive may see discounts if they are good drivers.
  • Discounts for Responsible Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on V50 insurance than their less cautious counterparts.
  • Home Ownership Discount – Owning a house may trigger a policy discount on insurance since home ownership demonstrates responsibility.
  • Senior Citizens – Seniors may be able to get better insurance rates on V50 insurance.
  • Early Renewal Discounts – A few larger companies allow discounts for renewing your policy before your current policy expires. Ten percent is about the average savings.
  • No Claim Discounts – Insureds with no claims or accidents can save substantially when compared to frequent claim filers.
  • ABS and Traction Control Discounts – Cars and trucks with ABS braking systems or traction control can stop better under adverse conditions so you can save 10 percent or more.
  • Service Members Pay Less – Being on active duty in the military can result in better prices.
  • Multi-car Discount – Insuring multiple vehicles with one company can reduce rates for all insured vehicles.

Don’t be surprised that some credits don’t apply to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, insurance companies aren’t that generous.

For a list of insurance companies that offer many of these discounts, follow this link.

The Volvo V50 insurance cost equation

Multiple criteria are used in the calculation when quoting car insurance. Some factors are common sense such as traffic violations, but other criteria are more obscure such as your credit history or your commute time.

  • Premiums are lower the older you get – Older people are viewed as being more responsible, statistically cause fewer accidents and get fewer tickets.Young drivers tend to be more careless in a vehicle and because of this, their insurance rates are much higher.
  • Lower rates for safer cars – Cars with five star safety ratings cost less to insure. Highly rated vehicles protect occupants better and fewer injuries means less claims paid which can mean better rates for you. If your Volvo V50 is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Vocation stress can affect rates – Did you know your job can affect your rates? Jobs like lawyers, business owners and emergency personnel generally have the highest average rates due to intense work situations and long work days. On the other hand, professions such as actors, engineers and performers receive lower rates on V50 insurance.
  • Incidental coverages are wasting money – There are many add-on coverages that you can get tricked into buying on your 2010 V50 policy. Coverages like vanishing deductibles, accident forgiveness, and motor club memberships may be costing you every month. They may seem good when deciding what coverages you need, but now you might not need them so think about removing them and cutting costs.
  • Do you really need to file that insurance claims? – If you file claims often, you can expect either a policy non-renewal or much higher rates. Car insurance companies award lower rates to people who do not file claims often. Your car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Insurance lapses lead to higher prices – Driving your car without having proper coverage is illegal and any future policy may cost more because you let your coverage cancel without a new policy in place. In addition to paying higher premiums, the inability to provide proof of insurance may earn you fines or a revoked license. You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • Adjust comp and collision deductibles and save – The deductibles you choose are the amount of money you are required to pay if the claim is covered. Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your car. Some coverage claims would be a windshield broken by a bird, vandalism, or theft of your vehicle. The more you choose to pay out-of-pocket, the lower your rates will be on V50 insurance.

Do I need special coverages?

When buying adequate coverage for your vehicles, there is no best way to insure your cars. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine whether you would benefit from professional advice.

  • How much can I save by bundling my policies?
  • Are there companies who specialize in insuring high-risk drivers?
  • Are split liability limits better than a combined single limit?
  • How do I insure my teen driver?
  • Am I insured when driving a different vehicle?
  • Should I get collision insurance on every vehicle?
  • How do I file an SR-22 for a DUI in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • How much liability insurance is required?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Insurance coverage breakdown

Understanding the coverages of insurance can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are the usual coverages offered by insurance companies.

Auto liability insurance

Liability insurance protects you from damage or injury you incur to a person or their property by causing an accident. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for things such as repair bills for other people’s vehicles, court costs, attorney fees and bail bonds. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive insurance

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from getting keyed, a tree branch falling on your vehicle, rock chips in glass and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for expenses like rehabilitation expenses, doctor visits, hospital visits and nursing services. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Volvo V50.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Collision protection

This coverage will pay to fix damage to your V50 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, backing into a parked car, sustaining damage from a pot hole and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Be a money saver!

When you buy insurance coverage online, never skimp on coverage in order to save money. There have been many situations where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible at the lowest possible cost, but do not skimp to save money.

Some insurance companies do not provide price quotes online regional insurance providers only sell through independent insurance agencies. Lower-priced auto insurance can be purchased online as well as from independent agents, so compare prices from both to get a complete price analysis.

In this article, we presented a lot of techniques to get a better price on 2010 Volvo V50 insurance. The most important thing to understand is the more times you quote, the better likelihood of getting cheaper insurance coverage. Consumers could even find that the lowest premium rates are with a company that doesn’t do a lot of advertising. Some small companies can often provide lower prices in certain areas as compared to the big name companies such as Allstate and Progressive.

Much more information about auto insurance is located at the links below