1992 Volvo 940 Insurance Quotes – 5 Tips for Cheaper Rates

Looking for the cheapest insurance rates for your Volvo 940? Finding more affordable coverage rates for insurance can be very difficult for drivers who have little experience online price comparisons. With such a large number of agents and online companies, it can easily be a chore to find a cheaper company.

You should make it a habit to shop coverage around occasionally because insurance prices trend upward over time. Even if you think you had the best deal for 940 insurance a couple years back other companies may now be cheaper. There is a lot of wrong information about insurance out there, but in a few minutes you can learn a lot of great tips on how to reduce your insurance bill.

If you have car insurance now, you should be able to lower your premiums substantially using these techniques. Buying affordable car insurance is simple if you know the tricks. Nevertheless, drivers do need to understand the methods companies use to price online insurance.

Insurance coverage rates and discounts

Insurance coverage is not cheap nor is it fun to buy but you might find some hidden discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you quote, but some need to be requested specifically before being credited. If they aren’t giving you every credit available, you could be paying more than you need to.

• Lower Rates for Military – Having a family member in the military can result in better insurance coverage rates.
• Telematics Data Discounts – Drivers who agree to allow their company to track where and when they drive by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might get better premium rates if they exhibit good driving behavior.
• Defensive Driving Course – Taking part in a course teaching defensive driver skills could earn you a small percentage discount and easily recoup the cost of the course.
• Discount for Passive Restraints – Options like air bags or automatic seat belts may earn rate discounts of 25 to 30%.
• ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.

It’s important to understand that most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

For a list of insurers who offer insurance coverage discounts, click this link.

Situations that may require an agent’s advice

When it comes to buying the right insurance coverage for your vehicles, there is no one size fits all plan. Every insured’s situation is different.

These are some specific questions may help you determine whether your personal situation could use an agent’s help.

• Is motorclub coverage worth it?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Do I pay less if my vehicle is kept in my garage?
• How much liability insurance is required?
• Does my car insurance cover rental cars?
• Are there companies who specialize in insuring high-risk drivers?
• Am I covered when driving on a suspended license?
• How high should my uninsured/underinsured coverage be in my state?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Parts of your auto insurance policy

Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for prosthetic devices, doctor visits and hospital visits. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers

This coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Volvo 940.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision coverage

This covers damage to your 940 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, scraping a guard rail, crashing into a ditch, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive (Other than Collision)

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, damage from flooding, vandalism, hitting a deer and theft. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability

Liability coverage can cover damage that occurs to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things like pain and suffering, emergency aid and medical services. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Summing up your car insurance search

When getting insurance quotes online, you should never buy lower coverage limits just to save a few bucks. Too many times, an insured cut full coverage only to discover later that the small savings ended up costing them much more. Your goal is to buy a smart amount of coverage for the lowest cost while still protecting your assets.

Drivers who switch companies do it for a variety of reasons including unfair underwriting practices, high prices, questionable increases in premium or policy non-renewal. Regardless of your reason, finding the right car insurance provider can be less work than you think.

Cheaper car insurance can be sourced from both online companies in addition to local insurance agencies, and you should compare rates from both so you have a total pricing picture. Some insurance companies don’t offer online quoting and usually these smaller providers only sell coverage through local independent agencies.

To read more, feel free to browse the following helpful articles:

• Drunk Driving Statistics (Insurance Information Insitute)
• Car Insurance FAQ (Trusted Choice)
• Where can I buy Insurance? (Insurance Information Insitute)
• Safety Features for Your New Car (State Farm)