2012 Volvo XC60 Insurance Cost

Pricey Volvo XC60 insurance can sap your personal savings and require stricter spending habits.

Due to the large number of choices of insurance companies, it can be challenging to pick the cheapest company.

Pricing the lowest cost protection is simple if you know the tricks. Just about every driver who buys insurance most likely will be able to find lower rates. But car owners should learn how insurance companies compete online.

Five tips to get cheaper insurance prices

Multiple criteria are used in the calculation when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, but others are more transparent like your continuous coverage and annual miles driven.An important part of buying insurance is that you know a few of the rating criteria that help determine the level of your policy premiums. When you understand what impacts premium levels, this enables you to make decisions that will entitle you to much lower annual insurance costs.

  • Driver age impacts prices – Beginning drivers tend to be careless and easily distracted with other occupants in the car and because of this, their insurance rates are much higher. Parents adding a young driver to your policy can increase premiums substantially. Older people are viewed as being more responsible, cost insurance companies less in claims , and usually have better credit.
  • Why do you need liability insurance? – Your insurance policy’s liability coverage will protect you in the event that you are responsible for personal injury or accident damage. It will provide legal defense coverage which can be incredibly expensive. It is affordable coverage compared to other policy coverages, so do not skimp.
  • Lower premiums for safer cars – Cars with five star safety ratings tend to have better insurance rates. Safe vehicles protect occupants better and reduced instances of injuries means your insurance company pays less and thus lower rates. If your Volvo XC60 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Raise deductibles and save – Coverage for physical damage, termed comprehensive and collision coverage on your policy, helps pay for damage to your vehicle. Some instances where coverage would apply would be colliding with a building, hail damage, and burglary. Comprehensive and collision coverage deductibles represent how much money you are willing to pay if a covered claim is submitted. The more expense you are required to pay out-of-pocket, the lower your rates will be on XC60 coverage.
  • Policy add-ons may not be needed – Insurance companies have many add-on coverages that can add up if you aren’t careful. Coverages like vanishing deductibles, better glass coverage, and motor club memberships are some examples. They may seem like a good idea when deciding what coverages you need, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.

Compare free insurance coverage quotes

When shopping for insurance coverage there are multiple ways to compare rate quotes from many insurance coverage companies in your state. By far the easiest way to find the cheapest 2012 Volvo XC60 insurance rates consists of obtaining rate quotes online. This can be done in a couple of different ways.

  • Experts agree that the best way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This easy form eliminates the need for separate quotes for every company. One form submission gets insurance cost estimates instantly.
  • A more time consuming way to analyze rates requires you to visit the website of each company and request a quote. For instance, let’s assume you want to compare Liberty Mutual, State Farm and GMAC. You would need to visit each site and punch in your information repeatedly, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.
  • Even if you have time, the least recommended method to compare rates is to waste gas driving to all the different insurance agencies. Quoting online makes this unnecessary unless you prefer the advice and guidance of a licensed agent. Drivers can price shop your coverage online and still use a local agent.

Compare rates however you want, just try to keep exactly the same quote data for every quote you compare. If you enter different liability limits it will be very difficult to make a fair rate comparison. Just slight variations in limits can result in a big premium difference. Keep in mind that making a lot of price comparisons gives you a better chance of getting a better price.

Insurance coverage companies offer many discounts

Some providers do not advertise every available discount very clearly, so we took the time to find some of the best known and also the more inconspicuous discounts that you may qualify for.

  • Early Signing – A few insurance companies allow discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • Payment Discounts – If you pay your bill all at once rather than paying monthly you could save 5% or more.
  • Military Discounts – Being on active duty in the military may lower your premium rates slightly.
  • Multi-Vehicle Discounts – Drivers who insure more than one vehicle on one policy could earn a price break for each car.
  • Employee of Federal Government – Federal government employees could qualify for a slight premium decrease on XC60 coverage with a few insurance coverage companies.
  • Air Bags and Passive Restraints – Vehicles equipped with air bags may get savings of 20% or more.
  • Distant Student Discount – who are enrolled in a college that is more than 100 miles from home and don’t have a car may qualify for this discount.
  • Auto/Home Discount – If you insure your home and vehicles with one company you could get a discount of approximately 10% to 15%.

A quick disclaimer, most discounts do not apply to the entire cost. Some only apply to individual premiums such as liability and collision coverage. Even though the math looks like it’s possible to get free car insurance, it’s just not the way it works.

To choose companies that offer multiple discounts, click here to view.

Do I just need basic coverages?

When it comes to choosing the best auto insurance coverage for your personal vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help you determine whether you may require specific advice.

  • Am I covered if hit by an uninsured driver?
  • When should I not file a claim?
  • Is motorclub coverage worth it?
  • Am I covered when driving in Canada or Mexico?
  • What is high-risk coverage and where do I buy it?
  • Am I covered when driving someone else’s vehicle?
  • Does insurance cover tools stolen from my truck?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • When does my teenage driver need to be added to my policy?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Specifics of your car insurance policy

Understanding the coverages of car insurance helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages found on the average car insurance policy.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your 2012 Volvo XC60.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Frequently these coverages are set the same as your liablity limits.

Medical expense coverage – Coverage for medical payments and/or PIP pay for bills such as surgery, ambulance fees, rehabilitation expenses, dental work and pain medications. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability insurance – Liability coverage can cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things such as court costs, emergency aid, attorney fees, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverages – Collision coverage pays for damage to your XC60 resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a parking meter, sideswiping another vehicle, sustaining damage from a pot hole, crashing into a ditch and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Comprehensive protection – Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a tree branch falling on your vehicle, rock chips in glass and damage from a tornado or hurricane. The maximum payout your car insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Make a quick buck

In this article, we presented a lot of techniques to compare 2012 Volvo XC60 insurance car insurance rates online. The key concept to understand is the more you quote insurance coverage, the better your comparison will be. Consumers could even find that the lowest car insurance rates are with a smaller regional carrier. Smaller companies can often provide lower premium rates in certain areas compared to the large companies like Allstate, Geico and Progressive.

As you quote insurance coverage, don’t be tempted to reduce coverage to reduce premium. In too many instances, an insured dropped collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The aim is to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.

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