2003 Volvo V70 Insurance Rates – 9 Tips for Cheaper Quotes

Trying to find low-cost insurance for a new or used Volvo V70 could be a painful process, but you can use a few tricks to make it easier.

There is a better way to buy car insurance and you need to know the quickest way to compare rates for a new or used Volvo and locate the cheapest rates from local insurance agents and online providers.

Consumers should take time to price shop coverage every six months since insurance prices change frequently. Just because you had the lowest rate on V70 coverage last year a different company probably has better premium rates today. Ignore everything you know about car insurance because you’re going to learn the only way to reduce your cost while increasing coverage.

Save with these nine discounts

Some companies don’t necessarily list every disount available in a way that’s easy to find, so here is a list some of the more common in addition to some of the lesser obvious credits that you can use to lower your rates.

• Professional Memberships – Being in qualifying clubs or civic groups is a good way to get lower rates on your next insurance statement.
• Onboard Data Collection – People who choose to allow driving data collection to monitor when and where they use their vehicle by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as they are good drivers.
• Defensive Driver Discount – Successfully completing a course that instructs on driving safety is a good idea and can lower rates and also improve your driving technique.
• Student in College – Children who live away from home to go to college and won’t have access to an insured vehicle may be able to be covered for less.
• Good Student – Performing well in school may save you up to 25%. Earning this discount can benefit you up to age 25.
• Military Discounts – Being deployed in the military could be rewarded with lower premium rates.
• Accident Forgiveness Coverage – but a few companies such as Progressive and Allstate may permit one accident before raising your premiums if your claims history is clear for a specific time period.
• Accident Free – Insureds with no claims or accidents pay less as opposed to policyholders that have many claims.
• Multi-line Discount – If the company offers life insurance, you could get a discounted premium rate on car insurance if you buy a life policy as well.

One last thing about discounts, some of the credits will not apply the the whole policy. Most only reduce specific coverage prices like comp or med pay. So when it seems like adding up those discounts means a free policy, insurance companies aren’t that generous.

Companies and a selection of discounts are included below.

• State Farm has discounts for multiple autos, safe vehicle, driver’s education, Steer Clear safe driver discount, and student away at school.
• Nationwide may offer discounts for good student, family plan, Farm Bureau membership, defensive driving, and accident-free.
• Geico discounts include multi-vehicle, emergency military deployment, five-year accident-free, defensive driver, seat belt use, and multi-policy.
• AAA has savings for anti-theft, multi-car, AAA membership discount, multi-policy, and good student.
• 21st Century includes discounts for good student, anti-lock brakes, defensive driver, driver training, theft prevention, air bags, and 55 and older.
• The Hartford may include discounts for air bag, vehicle fuel type, anti-theft, good student, defensive driver, and bundle.

Double check with every prospective company the best way to save money. Some credits may not apply to policies in your state. To choose providers offering insurance discounts, click here.

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Special considerations

When it comes to choosing coverage, there really is no perfect coverage plan. Everyone’s situation is unique.

For instance, these questions might help in determining whether you might need an agent’s assistance.

• Is my state a no-fault state?
• Can I get a multi-policy discount?
• Is my Volvo V70 covered if I use it for business?
• Am I covered when driving in Canada or Mexico?
• Are my tools covered if they get stolen from my vehicle?
• Can I rate high risk drivers on liability-only vehicles?
• Should I buy full coverage?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and may give you better protection.

Auto insurance advertisements

Drivers can’t get away from ads for cheaper auto insurance from companies such as Progressive, Geico, Allstate and State Farm. All the ads make the point that people will save if you get a free auto insurance quote and switch to their company.

How is it possible that every company can sell you cheaper insurance coverage? You have to listen carefully.

All the different companies require specific criteria for the type of driver that earns them the most money. A good example of this type of driver might have to be over age 30, has a clean driving record, and drives newer vehicles. Any customer that fits those parameters will most likely get cheap rates and will save if they switch.

Potential insureds who don’t qualify for these stringent criteria must pay higher prices and ends up with business going elsewhere. The ads say “drivers who switch” but not “everyone who gets a quote” will save that much if they switch. That’s the way insurance companies can confidently make those statements.

Because every company is different, it is so important to compare quotes as often as possible. You cannot predict which company will give you lower prices than your current company.

Educate yourself about insurance coverages

Having a good grasp of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Collision coverage

Collision insurance covers damage to your V70 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as rolling your car, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Liability car insurance

Liability coverage protects you from damage that occurs to people or other property by causing an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as structural damage, funeral expenses and emergency aid. How much coverage you buy is your choice, but buy as large an amount as possible.

Medical payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses such as surgery, pain medications, chiropractic care, dental work and rehabilitation expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive coverage

This covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, a broken windshield and fire damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

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The bottom line

In this article, we covered a lot of tips how to reduce 2003 Volvo V70 insurance premium rates online. The key thing to remember is the more rate comparisons you have, the higher your chance of finding cheaper auto insurance. Consumers may even find the lowest priced insurance comes from the least-expected company.

People switch companies for any number of reasons including policy non-renewal, questionable increases in premium, denial of a claim or not issuing a premium refund. It doesn’t matter what your reason, finding the right insurance provider can be easier than you think.

Some insurance companies may not provide online rate quotes and many times these small insurance companies sell through local independent agents. Cost effective 2003 Volvo V70 insurance can be purchased from both online companies as well as from independent agents, so you should compare both in order to have the best chance of saving money.

Much more information about insurance is available at these links:

• Medical Payments Coverage (Liberty Mutual)
• Teen Driving and Texting (State Farm)
• Tread Depth and Tire Safety (State Farm)
• Liability Insurance Coverage (Nationwide)
• Auto Insurance Learning Center (State Farm)
• Avoiding Deer Collisions (Insurance Information Insitute)

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