Compare 1998 Volvo V70 Insurance Rates

There isn’t a single person who likes buying car insurance, especially when they know they could find lower prices if they just compared rates. Insurance companies such as Geico, Progressive and Allstate constantly blast consumers with TV and radio ads and it can be hard to ignore the propoganda and do the work needed to find the best deal.

You need to price shop coverage periodically since rates go up and down regularly. Just because you had the best rate for V70 insurance on your last policy there may be better deals available now. Forget all the misinformation about car insurance because you’re going to learn one of the quickest ways to remove unneeded coverages and save money.

Do you qualify for discount insurance?

The price of auto insurance can be rather high, but there’s a good chance there are discounts that can drop the cost substantially. Some discounts will apply at the time you complete a quote, but occassionally some discounts must be inquired about before you will receive the discount.

• Distant Student Discount – Any of your kids who attend college more than 100 miles from home and leave their car at home can receive lower rates.
• Lower Rates for Military – Having a deployed family member could mean lower prices.
• Senior Citizens – Mature drivers may qualify for a small discount on rates for V70 insurance.
• Paperless Signup – Some companies will give you a small discount for buying your policy over the internet.
• No Charge for an Accident – Not a discount per se, but a handful of insurance companies will turn a blind eye to one accident without the usual rate increase if you are claim-free before the accident.
• Multiple Cars – Drivers who insure all your vehicles with the same insurance company may reduce the rate for each vehicle.
• Accident-Free Discounts – Drivers with accident-free driving histories can save substantially in comparison with policyholders that have many claims.
• Driver Education Discount – Have your child enroll in driver’s education as it can save substantially.

It’s important to understand that most discount credits are not given to the entire cost. Most only reduce specific coverage prices like liability, collision or medical payments. So even though it sounds like you can get free auto insurance, you aren’t that lucky.

A list of companies and their possible discounts are detailed below.

• 21st Century offers discounts for theft prevention, defensive driver, homeowners, air bags, and early bird.
• State Farm offers premium reductions for accident-free, multiple autos, Drive Safe & Save, good driver, and safe vehicle.
• AAA may include discounts for good driver, good student, multi-car, pay-in-full, anti-theft, multi-policy, and education and occupation.
• Liberty Mutual discounts include safety features, preferred payment discount, new move discount, new vehicle discount, and multi-policy.
• Progressive has discounts for continuous coverage, homeowner, online quote discount, multi-policy, online signing, good student, and multi-vehicle.

If you are trying to find the cheapest insurance coverage quotes, ask every prospective company which credits you are entitled to. Some credits might not be offered in every state. To find companies who offer free insurance quotes, click here.

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What insurance coverages do I need?

When buying the right insurance coverage, there really is no perfect coverage plan. Each situation is unique so your insurance should reflect that For instance, these questions could help you determine whether your personal situation might need an agent’s assistance.

• Am I covered by my spouse’s policy after a separation?
• If my 1998 Volvo V70 is totaled, can I afford another vehicle?
• Do I need special endorsements for business use of my vehicle?
• Is my 1998 Volvo V70 covered for smoke damage?
• At what point should I drop full coverage?
• What can I do if my company denied a claim?
• Is my vehicle covered by my employer’s policy when using it for work?
• Can I afford to pay high deductible claims out of pocket?
• Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Drivers who switch save $387 a year? Really?

Consumers can’t get away from ads that promise big savings for switching by Geico, State Farm and Progressive. They all seem to advertise the message that people will save if you get a free insurance coverage quote and switch your policy.

Is it even possible that every company can give you a lower rate? This is how they do it.

Companies offer their best rates for the type of customer that earns them a profit. For example, a desirable insured might be described as over the age of 35, has a low-risk occupation, and drives a car with an anti-theft system. A customer getting a price quote who meets those qualifications will qualify for the lowest auto insurance rates and will also save a lot of money.

Potential insureds who don’t qualify for those standards may be forced to pay more expensive rates with the end result being the customer buying from a different company. If you listen closely, the ads state “drivers that switch” not “everybody who quotes” can get the lowest rates when switching. That’s the way companies can advertise the way they do. Because each company has a different risk profile, you really need to compare as many free insurance coverage quotes as you can. It’s just not possible to know which company will have the best premium rates for your profile.

Insurance coverage basics

Understanding the coverages of your insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, hitting a bird and hitting a deer. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto liability insurance – Liability insurance can cover damage that occurs to other’s property or people. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as legal defense fees, emergency aid, structural damage and attorney fees. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Collision coverage – This coverage will pay to fix damage to your V70 resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like sideswiping another vehicle, sustaining damage from a pot hole, 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 lower value vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

UM/UIM Coverage – This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 1998 Volvo V70.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Medical costs insurance – Coverage for medical payments and/or PIP pay for short-term medical expenses like EMT expenses, prosthetic devices, ambulance fees, funeral costs and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

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And the best car insurance company is…

Throughout this article, we presented a lot of information how to save on 1998 Volvo V70 insurance. It’s most important to understand that the more companies you get car insurance rates for, the higher your chance of finding affordable insurance coverage. You may even discover the biggest savings come from a small mutual company. Smaller companies can often provide lower car insurance rates in certain areas than their larger competitors like Geico and State Farm.

Some insurance companies may not offer the ability to get quotes online and these regional carriers prefer to sell through independent insurance agents. Budget-friendly insurance is available from both online companies in addition to many insurance agents, and you should be comparing both to have the best chance of lowering rates.

Additional information is located at the links below

• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Car Insurance FAQ (Trusted Choice)
• State Laws for Cellphones and Texting (iihs.org)

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