2013 Volvo XC70 Insurance Cost

Car insurance shopping is not a chore car owners fancy doing, but all states require it before you can go for a ride.

You need to compare rates on a regular basis because prices change frequently. Just because you found the best price for XC70 coverage a few years ago you may be paying too much now. There is too much inaccurate information about car insurance on the internet, so we’re going to give you some great ways to quit paying high car insurance rates.

Take discounts and save

Companies don’t always list every discount in an easy-to-find place, so here is a list both the well known and the harder-to-find savings tricks you should be using.

  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings of up to 25% or more.
  • Low Mileage – Driving fewer miles can earn lower rates on the low mileage vehicles.
  • Paperwork-free – A few companies will give a small break just for signing your application digitally online.
  • Early Signing – Some companies give discounts for switching to them before your current expiration date. This can save 10% or more.
  • Multiple Cars – Insuring all your vehicles on the same auto insurance policy may reduce the rate for each vehicle.
  • Distant Student – Kids in college who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts could cut 10% or more off your medical payments premium.
  • Defensive Driving Course – Taking part in a course teaching defensive driving skills could possibly earn you a 5% discount if you qualify.
  • Multiple Policy Discount – If you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, it doesn’t quite work that way.

Car insurance companies that possibly offer these money-saving discounts include:

It’s a good idea to ask each insurance company which discounts they offer. All car insurance discounts might not be offered everywhere.

Parts of the Volvo XC70 rate equation

It’s important that you understand the rating factors that play a part in calculating the rates you pay for car insurance. When you know what positively or negatively influences your rates empowers consumers to make smart changes that could result in better car insurance rates.

  • How many coverages with the same company – Some insurance companies will award you with lower prices to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to 10 percent or more. Even if you’re getting this discount you still need to compare other company rates to ensure the best deal.
  • Rate your vehicle for proper use – The more miles you rack up on your Volvo in a year’s time the higher your rates will be. The majority of insurers rate vehicles based upon how you use the vehicle. Vehicles not used for work or commuting get more affordable rates than vehicles that are driven to work every day. An improperly rated XC70 may be costing you. Ask your agent if your car insurance policy shows how each vehicle is driven.
  • Women pay lower rates – Statistics show women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. Women and men are in accidents in similar percentages, but men tend to have more serious accidents. Men also have more aggressive citations such as DWI and reckless driving.
  • Your occupation can affect rates – Occupations like lawyers, architects and stock brokers have the highest rates due to high stress and long work days. On the other hand, professions such as farmers, students and the unemployed get better rates for XC70 coverage.
  • High crash test scores lower rates – Vehicles with good safety scores can get you lower premiums. These vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you. If your Volvo XC70 earned at least four stars on Safercar.gov it may be receiving lower rates.
  • Never let your coverage lapse – Driving your car without having proper coverage can get your license suspended and car insurance companies will penalize you for letting your coverage lapse. And not only will your rates increase, but being ticketed for driving with no insurance may earn you a license revocation or jail time.
  • More people means more accidents – Living in small towns and rural areas can save you money when it comes to car insurance. City drivers regularly have traffic congestion and much longer commute distances. Fewer drivers means fewer accidents and also fewer theft and vandalism claims.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can save you a little every year. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.

Which policy gives me the best coverage?

When buying proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different.

These are some specific questions could help you determine if your insurance needs could use an agent’s help.

  • Is my trailer covered?
  • How much liability coverage do I need in my state?
  • Is my camper covered by my car insurance policy?
  • Am I covered when delivering products for my home-based business?
  • Which is better, split liability limits or combined limits?
  • Does insurance cover tools stolen from my truck?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

Insurance coverages explained

Understanding the coverages of a insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Collision coverage

Collision insurance pays for damage to your XC70 caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like rolling your car, sustaining damage from a pot hole, crashing into a ditch, hitting a mailbox and driving through your garage door. 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 choose a higher deductible to get cheaper collision coverage.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, vandalism and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability car insurance

Liability coverage can cover damage that occurs to other’s property or people that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for things like legal defense fees, bail bonds and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Volvo XC70.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for bills for nursing services, pain medications, prosthetic devices, hospital visits and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Better coverage you can count on

Low-cost 2013 Volvo XC70 insurance can be sourced from both online companies and also from your neighborhood agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies may not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. There have been many situations where an insured dropped comprehensive coverage or liability limits only to discover later that it was a big error on their part. Your aim should be to buy enough coverage at an affordable rate while still protecting your assets.

Throughout this article, we presented a lot of information how to compare insurance prices online. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even discover the biggest savings come from the smaller companies.

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