Lower Your 2017 Volvo XC60 Car Insurance Cost

I can’t think of a single person who likes paying for insurance coverage, especially knowing their premiums are through the roof. You have so many insurers to choose from, and although it’s nice to have a choice, it can be more difficult to compare company pricing.

It’s a good idea to quote other rates yearly since insurance prices change quite often. Despite the fact that you may have had the best deal on XC60 coverage a few years ago there is a good chance you can find better rates now. Block out anything you think you know about insurance coverage because we’re going to demonstrate the best way to find better coverage at a better price.

Finding the best rates is quite easy. If you have a policy now or are looking for a new policy, you will benefit by learning to reduce the price you pay and still get good coverage. Drivers only need to know the proper way to compare prices on the web.

How to find the cheapest car insurance

Comparing car insurance rates can be a daunting task if you don’t understand the most efficient way. You can spend your afternoon discussing policy coverages with local insurance agents in your area, or you can utilize the internet to accomplish the same thing much quicker.

Many of the larger companies belong to a marketplace where insurance shoppers enter their coverage request one time, and each participating company can provide price quotes for coverage. This system prevents you from having to do quote forms for each company you want a rate for.

To compare pricing click here to start a free quote.

The one downside to pricing coverage this way is that you can’t choose which insurance companies you want to price. If you wish to select individual companies to request quotes from, we have assembled a list of companies who write car insurance in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make sure you are using equivalent coverage limits on every price quote you get. If you compare different limits and deductibles on each one you will not be able to make a fair rate comparison.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t get away from all the ads that claim the cheapest premium rates from companies such as State Farm, Allstate and Geico. They all advertise the message that drivers can save some big amount if you just switch to them.

How do they all have lower policy pricing?

Auto insurance companies are able to cherry pick for the type of driver that will add to their bottom line. One example of this type of insured might be described as between the ages of 30 and 45, has never had a claim, and insures a new vehicle. Anybody who matches those parameters will get very good premium rates and will probably cut their rates if they switch.

Potential customers who do not fit these standards will be quoted higher premiums which translates to business not being written. If you listen closely, the ads state “people who switch” not “all people who quote” save that much when switching. That’s the way companies can truthfully claim big savings. Because of this risk profiling, it is so important to quote coverage with many companies. You cannot predict which company will have better car insurance rates than you’re paying now.

Smart choices result in lower insurance rates

Part of the car insurance buying process is learning the factors that help determine your premiums. If you know what impacts premium levels, this helps enable you to make changes that may result in lower premium levels.

The itemized list below are some of the most common factors car insurance companies consider when setting your prices.

  • Don’t cancel your coverage without a new one in place – Driving your car without having proper coverage is against the law and companies may charge more for letting your insurance expire. And not only will your rates increase, getting caught without coverage may result in a fine, jail time, or a revoked license. You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Premiums can change based on your address – Choosing to live in areas with lower population can save you money when trying to find low car insurance rates. Fewer people translates into fewer accidents and lower theft and vandalism rates. Drivers who live in large cities regularly have congested traffic and longer commutes to work. Higher commute times means more chances of being involved in an auto accident.
  • Little extras can really add up – Policies have extra coverages that you can get tricked into buying when buying car insurance. Coverages for coverage for rental cars, better glass coverage, and motor club memberships may be wasting your money. You may think they are a good idea at first, but your needs may have changed so remove them from your policy.
  • Infrequent drivers can save – The higher the miles on your Volvo annually the more it will cost to insure it. Many insurance companies apply a rate based upon how much you drive. Vehicles that sit idle most of the time receive lower rates than vehicles that have high annual mileage. Improper usage on your XC60 may be costing you. It’s always a good idea to double check that your declarations sheet states how each vehicle is driven, because it can save money.
  • Consider raising comp and collision deductibles – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Volvo. Examples of covered claims are colliding with a building, hitting a deer, and damage caused by flying debris. Deductibles for physical damage define how much you are required to spend out-of-pocket in the event of a claim. The more of the claim the insured has to pay upfront, the lower your rates will be on XC60 coverage.
  • Gals tend to take less risk – Over time, data shows that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both genders cause fender benders at about the same rate, but the male of the species have costlier accidents. Not only that, but men also get more serious tickets such as DWI and reckless driving. Youthful male drivers have the highest risk to insure and therefore have the most expensive car insurance rates.

Find hidden discounts to get affordable insurance quotes

Some providers do not advertise all available discounts very clearly, so the list below gives a summary of some of the best known and also the more inconspicuous discounts that may be available.

  • Theft Prevention Discount – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will save you 10% or more.
  • Student Driver Training – Have your child participate in a local driver’s education class as it can save substantially.
  • Military Rewards – Being deployed with a military unit may lower your premium rates slightly.
  • Savings for New Vehicles – Insuring a vehicle that is new may earn a small discount because new model year vehicles are generally safer.
  • Save with More Vehicles Insured – Insuring primary and secondary vehicles on one policy may reduce the rate for each vehicle.

While discounts sound great, it’s important to understand that most credits do not apply to your bottom line cost. A few only apply to specific coverage prices like medical payments or collision. If you do the math and it seems like all those discounts means the company will pay you, it’s just not the way it works.

Companies who might offer some of the discounts shown above possibly include:

Before you buy a policy, ask all the companies what discounts are available to you. Some of the earlier mentioned discounts may not be offered in your area. If you would like to view insurance companies who offer online insurance quotes, click here.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can help discover whether or not you will benefit from professional help.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is business equipment covered while in my vehicle?
  • Why does it cost so much to insure a teen driver?
  • I don’t drive much so do I pay less?
  • What is the ISO rating for a 2017 Volvo XC60?
  • At what point should I drop full coverage?
  • Is there coverage for injuries to my pets?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Insurance coverage options for a 2017 Volvo XC60

Learning about specific coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by insurance companies.

Liability

This provides protection from damages or injuries you inflict on other’s property or people by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against things like medical expenses, structural damage, funeral expenses, repair bills for other people’s vehicles and pain and suffering. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like fire damage, damage from a tornado or hurricane and hail damage. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for bills such as nursing services, X-ray expenses, pain medications and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Coverage for collisions

This coverage covers damage to your XC60 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like scraping a guard rail, hitting a mailbox, damaging your car on a curb and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Volvo XC60.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Save your cold hard cash

When you buy insurance online, make sure you don’t reduce needed coverages to save money. There are too many instances where drivers have reduced liability coverage limits and learned later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.

There are still a few companies who don’t offer online quoting and usually these smaller providers sell through local independent agents. Budget-conscious 2017 Volvo XC60 insurance is available on the web as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates.

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