2004 Volvo S40 Car Insurance Quotes – 10 Tips for Cheaper Rates

Trying to find the cheapest auto insurance rates? Buyers have many options when searching for low-cost Volvo S40 insurance. They can either waste time calling around to compare prices or utilize the internet to compare rates. There are both good and bad ways to compare auto insurance rates so we’re going to tell you the proper way to price shop coverage on a Volvo and obtain the best price possible either online or from local insurance agents.

Comprehensive Insurance Comparison Quotes

There are several ways you can shop for Volvo S40 insurance but some are more efficient than others. You could waste time driving to local insurance agents in your area, or you could save time and use the internet to quickly compare rates.

Many insurance companies are enrolled in a marketplace that allows shoppers to complete one form, and every company then gives them pricing based on that information. This saves time by eliminating quote requests to each individual insurance company. To participate in this free quote system, click to open in new window.

The only downside to getting quotes like this is that consumers can’t choose the insurers to receive prices from. So if you want to choose from a list of companies to receive pricing from, we have assembled a list of the cheapest insurance companies in your area. Click to view list.

It’s up to you which method you use, but make darn sure you compare the exact same quote information for every company. If you are comparing different liability limits you will not be able to make an equal comparison.

Discounts on 2004 Volvo S40 insurance

Auto insurance companies do not list all available discounts in a way that’s easy to find, so the following is a list of some of the best known and the more hidden ways to save on insurance coverage. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Accident Waiver – A handful of insurance companies allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Defensive Driving Course – Completing a course in driver safety could save 5% or more if your company offers it.
  • Memberships – Affiliation with a civic or occupational organization could qualify you for a break on your policy on S40 insurance.
  • Multi-policy Discount – When you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Low Mileage Discounts – Keeping the miles down on your Volvo could be rewarded with discounted rates on garaged vehicles.
  • Safe Drivers – Drivers who avoid accidents may save up to 50% more on S40 insurance than drivers with accidents.
  • Anti-theft Discount – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company qualifies for this discount.
  • Early Switch Discount – Some companies give discounts for switching to them before your current policy expires. It’s a savings of about 10%.

Drivers should understand that many deductions do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

For a list of providers with the best insurance coverage discounts, click here to view.

Tailor your coverage to you

When buying proper insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s situation is unique.

For example, these questions may help you determine whether your personal situation could use an agent’s help.

  • Are my friends covered when driving my 2004 Volvo S40?
  • Why do I need rental car insurance?
  • What can I do if my company won’t pay a claim?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What is the difference between comprehensive and collision coverage?
  • Is motorclub coverage worth it?
  • Should I buy additional glass protection?
  • What exactly is covered by my policy?
  • Should I have combined single limit or split liability limits?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Auto insurance 101

Knowing the specifics of insurance helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Collision coverage

This pays for damage to your S40 resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as backing into a parked car, damaging your car on a curb, sustaining damage from a pot hole, scraping a guard rail and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Insurance for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses such as X-ray expenses, nursing services, doctor visits and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability coverage

This will cover damage that occurs to a person or their property by causing an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like repair costs for stationary objects, medical expenses, emergency aid and bail bonds. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants 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 S40.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a broken windshield, hail damage, theft and hitting a bird. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

A penny earned…

Budget-conscious 2004 Volvo S40 insurance is available on the web as well as from independent agents, so you should compare both in order to have the best price selection to choose from. Some insurance coverage companies don’t offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

As you prepare to switch companies, it’s a bad idea to skimp on coverage in order to save money. In too many instances, someone sacrificed full coverage to discover at claim time they didn’t have enough coverage. Your goal should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Insureds who switch companies do it for many reasons like not issuing a premium refund, policy cancellation, extreme rates for teen drivers and denial of a claim. Regardless of your reason for switching companies, finding a new company is pretty easy and you might even save some money in the process.

Additional information is located at these links: