1990 Volvo 740 Insurance Cost – 5 Ways to Save

Did budget coverage turn out to be an expensive insurance policy? It’s a common feeling and you are not the only one feeling buyer’s remorse. Popular companies such as Progressive, State Farm and Geico all claim big savings, bombarding you with catchy ads and consumers find it hard to ignore the flashy ads and find the best price available.

It’s important to shop coverage around quite often due to the fact that insurance rates change regularly. Just because you found the best rate for 740 coverage a few years ago you can probably find a better price now. Block out anything you think you know about insurance because I’m going to teach you one of the quickest ways to find lower rates on insurance.

Drivers save money with these five discounts

Some insurers don’t always advertise all possible discounts very clearly, so we break down both the well known as well as the least known credits available to bring down your rates.

• Senior Citizen Discount – Drivers that qualify as senior citizens could receive better car insurance rates for 740 coverage.
• Pay Now and Pay Less – If paying your policy premium upfront rather than spreading payments over time you can actually save on your bill.
• Auto/Home Discount – When you have multiple policies with one insurance company you will save at least 10% off all policies.
• Discounts for Federal Employees – Having worked for a branch of the government could provide a small rate reduction for 740 coverage with some car insurance companies.
• Military Discounts – Having a deployed family member may lower your car insurance rates slightly.

It’s important to note that many deductions do not apply to the entire policy premium. The majority will only reduce individual premiums such as comp or med pay. Despite the fact that it seems like all the discounts add up to a free policy, it’s just not the way it works.

A list of companies and a partial list of their discounts are included below.

• State Farm may have discounts that include multiple autos, good student, Drive Safe & Save, Steer Clear safe driver discount, and passive restraint.
• American Family has savings for defensive driver, air bags, multi-vehicle, Steer into Savings, mySafetyValet, and early bird.
• Geico includes discounts for federal employee, air bags, five-year accident-free, anti-theft, and multi-policy.
• 21st Century offers premium reductions for homeowners, anti-lock brakes, 55 and older, defensive driver, and good student.
• Progressive has discounts for continuous coverage, online signing, homeowner, multi-policy, good student, online quote discount, and multi-vehicle.

If you need lower rates, check with all the companies to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in every state. For a list of companies that offer some of these discounts, click here.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Buy insurance online

There are a variety of methods to compare insurance quotes, but some are more efficient than others. You could waste a few hours driving to insurance companies in your area, or you can stay home and use the internet to get the quickest rates.

Most major companies participate in an industry program that allows shoppers to enter their policy data once, and each company then gives them pricing for coverage. This eliminates the need for quote requests to every company.

To compare rates using this form now click to open in new window.

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

Compare rates however you want, just try to use the same coverage limits on every price quote you get. If your comparisons have different values for each quote it will be very difficult to determine the best price for your Volvo 740.

Special considerations

When choosing the right insurance coverage for your vehicles, there is no cookie cutter policy. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions might point out if you could use an agent’s help.

• How does medical payments coverage work?
• Why do I need rental car insurance?
• Who is covered when they drive my 1990 Volvo 740?
• Does having multiple vehicles earn me a discount?
• Is borrowed equipment or tools covered if stolen or damaged?
• Do I need motorclub coverage?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Auto insurance 101

Understanding the coverages of insurance helps when choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types offered by insurance companies.

Coverage for liability – This coverage protects you from damage that occurs to other people or property that is your fault. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for claims like pain and suffering, legal defense fees, medical services, funeral expenses and attorney fees. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Volvo 740.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Comprehensive insurance – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, a broken windshield, hitting a deer, hail damage and fire damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for bills for EMT expenses, chiropractic care, prosthetic devices, dental work and funeral costs. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. 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 is not universally available and gives slightly broader coverage than med pay

Collision coverage – Collision coverage will pay to fix damage to your 740 from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, backing into a parked car, scraping a guard rail, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

At the end of the day…

Cheaper car insurance is attainable both online and from local agencies, so you need to quote auto insurance with both to get a complete price analysis. Some car insurance companies do not offer online rate quotes and these regional insurance providers only sell through local independent agents.

In this article, we presented a lot of information how to shop for 1990 Volvo 740 insurance online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even discover the best price on car insurance is with a company that doesn’t do a lot of advertising. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, Geico and Nationwide.

To read more, take a look at the following helpful articles:

• Anti-Lock Brake FAQ (iihs.org)
• Rental Reimbursement Coverage (Allstate)
• How to Avoid Common Accidents (State Farm)
• Vehicle Insurance (Wikipedia)

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption