Lower Your 1996 Volvo 850 Insurance Rates

I can’t think of anyone who enjoys paying for insurance, in particular when they are paying too much.

Insurance companies such as Progressive, Geico and Farmers Insurance persitently shower you with ad campaigns and consumers find it hard to sift through the bull and take the time to shop coverage around.

You need to shop coverage around occasionally because insurance rates fluctuate regularly. Even if you got the best price for 850 coverage on your last policy there may be better deals available now. Block out anything you think you know about insurance because you’re about to learn the easiest way to find better coverage at a better price.

Are you getting all your discounts?

Car insurance is not cheap, but there are discounts available to cut the cost considerably. Some trigger automatically at the time of quoting, but a few must be specifically requested prior to receiving the credit.

  • Student in College – Kids in college who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • No Charge for an Accident – Some insurance companies will forgive one accident before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
  • Multi-policy Discount – If you insure your home and vehicles with one company you could get a discount of 10% to 20% off each policy.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy qualifies for this discount.
  • Low Mileage Discounts – Keeping the miles down on your Volvo could qualify for a substantially lower rate.

Keep in mind that some of the credits will not apply the the whole policy. A few only apply to specific coverage prices like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will help reduce the cost of coverage.

Insurance companies that may offer these benefits are:

Double check with all companies you are considering which discounts they offer. Savings may not apply in your state.

Compare the Market for Auto Insurance

When shopping for auto insurance there are multiple ways of comparing rates from local auto insurance companies. One of the best ways to find the cheapest 1996 Volvo 850 insurance rates involves getting comparison quotes online. This can be done in several different ways.

  1. One of the best ways to get the best comparison quotes is to use a rate comparison form click to view form in new window. This type of form prevents you from having to do boring form submissions for every auto insurance company. A single form will return price quotes from auto insurance companies with the best prices.
  2. A more difficult way to get comparison quotes requires a trip to the website for each individual company and fill out their own quote form. For example, we’ll assume you want rates from Allstate, State Farm and American Family. You would have to spend time on each company’s site and enter your information, which is why the first method is quicker. To view a list of companies in your area, click here.

It’s up to you how you get prices quotes, just make sure you use identical coverage limits and deductibles with every price quote. If your comparisons have different limits and deductibles on each one you will not be able to truly determine the lowest rate. Quoting even small variations in coverage limits may result in a large different in cost. Just remember that having more price comparisons will improve the odds of getting the best rates.

Factors that can influence insurance rates for a Volvo 850

It’s important that you understand the different types of things that go into determining your car insurance rates. Knowing what determines base rates enables informed choices that could result in much lower annual insurance costs.

Listed below are some of the items car insurance companies consider when setting premiums.

  • You might want pay the small claims yourself – If you are a frequent claim filer, you can look forward to either policy cancellation or increased premiums. Auto insurance companies give better rates to insureds who do not rely on their insurance for small claims. Your insurance policy is meant to be used in the event of larger claims.
  • Your car’s features help determine rates – Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
  • One company can mean more discounts – Many car insurance companies will award you with lower prices to customers who carry more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even if you’re getting this discount it’s still a good idea to comparison shop to ensure the best deal. You may still find a better deal by insuring with multiple companies.
  • Lower rates come with age – Mature drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers. Youthful drivers are statistically proven to be more careless in a vehicle and because of this, their car insurance rates are much higher.

When might I need an agent?

When choosing the best insurance coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. For instance, these questions can help discover whether or not you might need an agent’s assistance.

  • Which is better, split liability limits or combined limits?
  • Where can I get insurance after a DUI in my state?
  • Does coverage extend to Mexico or Canada?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What is an SR-22 filing?
  • When would I need rental car insurance?
  • Am I covered if I hit a deer?
  • Does my personal policy cover me when driving out-of-state?
  • What is medical payments coverage?
  • Can I afford to buy a different vehicle if my 1996 Volvo 850 is totaled?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Car insurance coverage breakdown

Having a good grasp of a car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by car insurance companies.

UM/UIM Coverage

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Volvo 850.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these coverages are similar to your liability insurance amounts.

Auto liability

This coverage can cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like bail bonds, medical expenses, pain and suffering, emergency aid and legal defense fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Med pay and PIP coverage reimburse you for bills like hospital visits, rehabilitation expenses, X-ray expenses and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like colliding with a tree, hitting a mailbox and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, theft and damage from flooding. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

A penny saved is a penny earned

In this article, we presented a lot of techniques to shop for 1996 Volvo 850 insurance online. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even discover the lowest premiums are with a lesser-known regional company. Regional companies often have lower prices on specific markets compared to the large companies like Progressive and Geico.

The cheapest insurance can be found both online and with local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance providers do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.

Much more information about auto insurance can be found below: