Looking for lower auto insurance rates for your Volvo XC70? Have you fallen victim to high-priced auto insurance? Trust us when we tell you you’re not alone. Big-name insurance companies like State Farm, Progressive and Geico constantly bombard you with ads and it is difficult to see through the deception and find the best price available.
If you have insurance now or need new coverage, you will benefit by learning to shop for the lowest rates while maintaining coverages. Finding affordable coverage is not rocket science. Vehicle owners just need to understand the tricks to compare rates online.
The cost of insuring your cars can be expensive, but you can get discounts that you may not even be aware of. Some trigger automatically when you get a quote, but lesser-known reductions have to be asked about before being credited. If you don’t get every credit possible, you are paying more than you should be.
Consumers should know that most discount credits are not given to the entire cost. Some only apply to specific coverage prices like liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will bring down your premiums.
To see a list of companies offering insurance coverage discounts, click here to view.
The quickest method to compare rates is to understand all the major auto insurance companies actually pay money for the chance to compare their rates. All you need to do is spend a couple of minutes providing details like whether you are married, if a SR-22 is needed, any included safety features, and whether you have decent credit. That rating data is instantly submitted to many of the top insurers and you will receive price estimates instantly to find the best rate.
To compare multiple company rates now, click here and complete the quick form.
Consumers need to have an understanding of the rating factors that help determine the rates you pay for insurance. Understanding what influences your rates allows you to make educated decisions that could result in better insurance rates.
When it comes to choosing coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. For example, these questions can help discover if your situation will benefit from professional help.
If you don’t know the answers to these questions then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can help protect your family.
Consumers get pounded daily by advertisements that promise big savings from companies such as 21st Century, Allstate and State Farm. All the ads make the same claim that you can save if you switch your policy.
How does each company make almost identical claims? This is how they do it.
Insurance companies can use profiling for the right customer they prefer to insure. For instance, a desirable insured might be over the age of 40, has no tickets, and drives less than 7,500 miles a year. A customer that hits that “sweet spot” will get very good rates and therefore will save when switching.
Consumers who fall outside the “perfect” profile must pay higher prices which leads to the customer not buying. Company advertisements say “customers that switch” not “people who quote” save money. That is how insurance companies can state the savings.
This illustrates why drivers must get as many quotes as possible. It’s not possible to predict which company will give you the biggest savings on Volvo XC70 insurance.
Learning about specific coverages of a insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average insurance policy.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for expenses like pain medications, X-ray expenses, hospital visits and funeral costs. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as a broken windshield, theft, damage from getting keyed, hitting a bird and hitting a deer. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Auto liability – This protects you from damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.
Liability coverage pays for things such as loss of income, court costs, funeral expenses, pain and suffering and legal defense fees. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.
Collision coverage – This coverage covers damage to your XC70 from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as driving through your garage door, sideswiping another vehicle, crashing into a building, damaging your car on a curb and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.
When buying insurance coverage, make sure you don’t sacrifice coverage to reduce premiums. Too many times, someone dropped liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal should be to get the best coverage possible for the lowest price, not the least amount of coverage.
In this article, we covered quite a bit of information on how to get a better price on 2015 Volvo XC70 insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may even find the best prices are with the least-expected company. These smaller insurers may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate and Progressive.