Save on 2016 Volvo V60 Insurance Cost

Trying to find cheaper car insurance rates? Buyers have a choice when searching for affordable Volvo V60 insurance. They can either waste time struggling with agents trying to get quotes or use the internet to make rate comparisons. There are both good and bad ways to compare car insurance rates so we’re going to tell you the best way to quote coverages for a new or used Volvo and find the best price possible either online or from local insurance agents.

It’s smart to quote other rates at least once a year since rates are variable and change quite frequently. Even if you got the lowest rate on V60 insurance a year ago you can probably find a lower rate today. There is a lot of bad information regarding car insurance on the web, but by reading this article, you’re going to learn some excellent ideas to lower your car insurance bill.

Buy insurance coverage online

Getting a cheap price on 2016 Volvo V60 insurance is surprisingly easy. The only thing you need to do is invest a little time comparing price quotes to discover which company has affordable insurance quotes. Price comparisons can be done in just a few minutes using one of these methods.

  1. If you’re in a hurry, the quickest way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This method keeps you from doing repetitive form entry for every insurance coverage company. Just one form gets insurance cost estimates from multiple low-cost companies. It’s definitely the quickest method.
  2. Another way to compare rate quotes requires a visit to each company’s website and repeat the quote process again and again. For sake of this example, let’s say you want rates from Allstate, Liberty Mutual and Farmers. To get rate quotes you would need to navigate to each company’s site and enter your information, and that explains why we recommend the first method.

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

However you get your quotes, make sure you use apples-to-apples coverage data for each price quote. If the quotes have higher or lower deductibles it will be nearly impossible to find the best deal for your Volvo V60.

Save money with these car insurance discounts

Some insurance providers don’t necessarily list every disount available in an easy-to-find place, so we break down both the well known and the more hidden savings tricks you should be using when you buy insurance online. If you aren’t receiving every discount available, you are just wasting money.

  • Early Payment Discounts – By paying your policy upfront rather than paying in monthly installments you could save 5% or more.
  • Sign Early and Save – Select companies give a discount for buying a policy prior to the expiration date on your current policy. You may see this discount when you get insurance quotes online.
  • Discounts for New Vehicles – Buying a new car model can get you a discount because new vehicles have to meet stringent safety requirements.
  • Accident Waiver – Not really a discount, but some insurance companies allow you one accident without getting socked with a rate hike if you are claim-free prior to the accident.
  • Onboard Data Collection – Drivers that enable their company to monitor where and when they drive by installing a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they have good driving habits.
  • Defensive Driver Discounts – Completing a class that teaches safe driver techniques may get you a small discount and easily recoup the cost of the course.
  • Own a Home – Owning a house can save a few bucks because owning a home is proof of financial responsibility.
  • Drive Less and Save – Driving less could earn better car insurancerates on cars that stay parked.
  • Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.

One thing to note about discounts is that most discounts do not apply to the entire cost. Most only cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, nobody gets a free ride. Any qualifying discounts will bring down your overall bill.

A few popular companies and a summarized list of policyholder discounts are outlined below.

  • State Farm has savings for passive restraint, Steer Clear safe driver discount, multiple autos, good student, good driver, and safe vehicle.
  • Farmers Insurance policyholders can earn discounts including early shopping, bundle discounts, business and professional, good student, pay in full, mature driver, and teen driver.
  • Progressive may offer discounts for continuous coverage, good student, online signing, online quote discount, homeowner, and multi-vehicle.
  • Geico offers discounts including anti-lock brakes, federal employee, daytime running lights, air bags, emergency military deployment, defensive driver, and military active duty.
  • Auto-Owners Insurance discounts include group or association, air bags, anti-lock brakes, teen driver, multi-policy, and company car.
  • The Hartford may include discounts for bundle, defensive driver, air bag, good student, anti-theft, and vehicle fuel type.
  • Farm Bureau has discounts for good student, driver training, multi-policy, 55 and retired, and renewal discount.
  • USAA offers discounts for new vehicle, driver training, good student, family discount, and military installation.

Before purchasing a policy, check with each company or agent which discounts can lower your rates. Some discounts listed above might not be offered on policies in your area. If you would like to view providers that have a full spectrum of discounts, click here.

Why your insurance prices might be higher

Part of the insurance buying process is learning some of the factors that help calculate the rates you pay for insurance. If you have some idea of what controls the rates you pay, this enables you to make decisions that may result in lower premium levels. Lots of things are part of the calculation when you get your auto insurance bill. Some factors are common sense like an MVR report, but some are not as apparent like your vehicle usage or your vehicle rating.

  • Better premiums on vehicles with better crash test results – Safe vehicles cost less to insure. Safe vehicles help reduce the chance of injuries in an accident and lower injury rates means lower claim amounts and cheaper rates on your policy. If your Volvo V60 is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
  • Do you know your physical damage deductibles? – The deductibles you choose tell how much you are required to pay if you file a covered claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims could be a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The more of the claim you pay before a claim is paid (deductible), the less money you will pay for insurance on V60 insurance.
  • Premiums are high for teenagers – Older drivers are shown to be more cautious, are lower risk to insure , and are generally more financially stable.Youthful drivers are statistically proven to be inattentive in a vehicle so insurance rates are higher.
  • Occupation stress can affect insurance rates – Careers like doctors, executives and dentists generally pay the highest average rates attributed to stressful work requirements and lots of time spent at work. On the other hand, careers like actors, students and retirees have lower than average premiums on V60 insurance.
  • Gaps in coverage mean higher prices – Having an insurance coverage lapse is a quick way to pay more for insurance. Not only will you pay higher rates, failure to provide proof of insurance might get you fines or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department.

Auto insurance can get complicated

When buying coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different.

These are some specific questions may help highlight whether your personal situation will benefit from professional help.

  • Is other people’s property covered if stolen from my vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • Is my 2016 Volvo V60 covered for smoke damage?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I benefit by insuring my home with the same company?
  • Is business equipment covered while in my vehicle?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and can provide invaluable advice.

Insurance specifics

Understanding the coverages of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

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 Volvo V60.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive insurance

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, vandalism, theft and a tree branch falling on your vehicle. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability auto insurance

This coverage can cover damage that occurs to a person or their property by causing an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims such as bail bonds, pain and suffering and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for bills for hospital visits, X-ray expenses, ambulance fees, nursing services and prosthetic devices. They are often used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as damaging your car on a curb, crashing into a building, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Never pay more for less

Consumers who switch companies do it for many reasons like poor customer service, policy cancellation, unfair underwriting practices or lack of trust in their agent. Regardless of your reason for switching companies, finding a great new company is not as hard as you think.

Lower-priced 2016 Volvo V60 insurance can be sourced from both online companies as well as from independent agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who may not have internet price quotes and many times these smaller companies only sell coverage through independent insurance agents.

We just presented a lot of ways to reduce 2016 Volvo V60 insurance auto insurance rates online. The most important thing to understand is the more companies you get premium rates for, the better likelihood of getting cheap insurance. Drivers may discover the best auto insurance rates are with a lesser-known regional company.

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