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Volvo 940 Insurance Rates

Comparing car insurance through online rate quotes can be fast and easy, plus you will probably save money. The most important part is to compare rates from as many companies as possible so you can compare the lowest prices.

If you've never shopped for car insurance online, you may be overwhelmed by the hoards of online car insurance companies and websites competing for your business. To find the best car insurance prices, there are several ways to compare quotes from different insurance companies. The easiest way to find the lowest Volvo 940 insurance cost involves getting comparison quotes online. This can be done by visiting this page.

Rates are determined by these factors

Insurance rates for your Volvo 940 will vary greatly depending on several factors. Including but not limited to:

  • A clean driving record keeps rates low
  • Your credit history
  • Your gender can raise or lower rates
  • Higher deductibles save money
  • Crash test rating for your 940
  • Your profession
  • The level of coverage
  • Home ownership saves money

One last important factor that can impact the rate you pay on your Volvo is the year of manufacture. Used vehicles have a lower value so the payout to repair may result in lower rates. Conversely, newer models may have options such as an advanced theft deterrent system, traction control, lane departure warning system, and dual-stage airbags so those may provide discounts that lower premiums.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the list below.

Auto liability - This coverage protects you from damage or injury you incur to other's property or people. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so purchase as much as you can afford.

Collision - This coverage pays for damage to your Volvo resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive auto coverage - Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage - Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Medical payments and PIP coverage - Med pay and PIP coverage pay for immediate expenses for things like EMT expenses, pain medications, and nursing services. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage.

How Much are Volvo 940 Insurance Rates?