Lower Your 2008 Volvo S60 Insurance Quotes

Searching for the cheapest car insurance rates for your Volvo S60? Are you drained from scraping the payment together to pay your car insurance bill each month? You are no different than many other drivers.

There are many auto insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, lots of choices makes it harder to find the lowest cost provider.

Finding the best rates is not that difficult. If you have car insurance now, you will most likely be able to reduce your rates substantially using these methods. But consumers need to have an understanding of how companies market insurance on the web and apply this information to your search.

Affordable auto insurance

To find the best auto insurance rates, there are several ways to obtain and compare prices from local auto insurance companies. The simplest method to compare rates is to get quotes online. It’s really quite simple and can be done using a couple different methods.

• One of the best ways to get quotes for comparison is a comparison rater form like this one (opens in new window). This method eliminates the need for separate forms for each company. A single form gets you coverage quotes from auto insurance companies with the best prices.
• A harder way to analyze rates is going to the website for every company you want to comare and repeat the quote process. For examples sake, let’s assume you want to compare rates from Farmers, Esurance and American Family. To get rate quotes you would need to navigate to each company’s site to input your insurance information, which can get rather old.

  For a list of links to companies insuring cars in your area, click here.

• The hardest method to comparison shop is to waste gas driving to insurance agencies in your area. Comparing online rate quotes makes this unnecessary unless you require the professional guidance of an agent trained in personal lines coverage. It is possible with some companies find lower rates online but have your policy serviced through an agent.

However you get your quotes, do your best to enter apples-to-apples coverage data on every quote. If your comparisons have different liability limits it’s impossible to determine the lowest rate for your Volvo S60. Just slight variations in coverages can make a big difference in price. Just keep in mind that making a lot of price comparisons will improve the odds of getting a better price. Some insurance companies are not set up to provide quotes online, so you need to compare rates on coverage from those companies, too.

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Don’t listen to company ads

State Farm, Allstate and Geico regularly use ads on TV and radio. All the companies state the claim that drivers will save a bundle just by switching your policy. How do they all charge you a lower premium? It’s all in how they say it.

Many companies can use profiling for the type of customer that earns them the most money. A good example of this type of risk profile could be over age 30, has a low-risk occupation, and has a high credit rating. Any customer who meets those qualifications will get very good car insurance rates and will most likely save money with a new company.

Consumers who don’t qualify for these standards will be charged higher premiums which translates to business not being written. The ads say “drivers that switch” but not “all drivers who get quotes” save that much money. That’s the way insurance companies can confidently state the savings. Because each company has a different risk profile, drivers should compare rate quotes every year. It’s not possible to predict which insurance companies will provide the lowest rates.

Discounts to earn lower-cost car insurance rates

The cost of insuring your cars can be expensive, but there could be significant discounts to reduce the price significantly. Most are applied at the time of purchase, but occassionally some discounts must be specially asked for before you get the savings.

• E-sign – Some of the larger companies will give a small break just for signing your application on their website.
• Driver Safety – Taking a driver safety course may get you a small discount depending on where you live.
• Distant Student Discount – Kids who are enrolled in higher education away from home and do not have a car can be insured at a reduced rate.
• Anti-theft System – Vehicles equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
• Clubs and Organizations – Having an affiliation with qualifying clubs or civic groups could qualify you for a break on your policy.
• Passive Restraints – Options like air bags or motorized seat belts could see savings of more than 20%.
• Low Mileage Discounts – Driving fewer miles could earn better car insurancerates on cars that stay parked.
• Safety Restraint Discount – Buckling up and requiring all passengers to use their safety belts could cut 10% or more on the premium charged for medical payments and/or PIP.
• Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems can stop better under adverse conditions so you can save 10 percent or more.
• Drivers Education – It’s a good idea to have your young drivers participate in a local driver’s education class as it can save substantially.

As is typical with insurance, most of the big mark downs will not be given to all coverage premiums. Some only apply to individual premiums such as physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky.

A list of companies and some of the discounts can be found below.

• State Farm includes discounts for accident-free, passive restraint, good driver, anti-theft, multiple autos, and Drive Safe & Save.
• Geico policyholders can earn discounts including membership and employees, emergency military deployment, good student, anti-theft, anti-lock brakes, daytime running lights, and multi-policy.
• Allstate may include discounts for EZ pay plan discount, anti-theft, senior citizen, teenSMART discount, passive restraint, and multi-policy.
• SAFECO offers discounts for anti-theft, multi-car, teen safety rewards, drive less, accident prevention training, teen safe driver, and bundle discounts.
• Farm Bureau discounts include multi-policy, good student, 55 and retired, safe driver, multi-vehicle, and driver training.
• Progressive has savings for multi-vehicle, good student, continuous coverage, homeowner, and online quote discount.
• AAA may have discounts that include pay-in-full, good student, good driver, multi-car, multi-policy, AAA membership discount, and education and occupation.

When comparing rates, check with every insurance company which discounts can lower your rates. A few discounts might not be offered on policies in your area. To locate insurers who offer car insurance discounts, follow this link.

Tailor your insurance coverage to you

When buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. For instance, these questions might help in determining if your situation may require specific advice.

• At what point should I drop full coverage?
• Is my nanny covered when driving my vehicle?
• Do I have coverage if my license is suspended?
• Are rental cars covered under my policy?
• Do I have coverage for damage caused while driving under the influence?
• When do I need to add a new car to my policy?
• Should I get collision insurance on every vehicle?
• Is my vehicle covered by my employer’s policy when using it for work?
• What is covered by UM/UIM coverage?
• Are my tools covered if they get stolen from my vehicle?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

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Car insurance coverage information

Knowing the specifics of a car insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by car insurance companies.

Liability insurance – This coverage protects you from damage that occurs to a person or their property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like medical services, emergency aid, repair bills for other people’s vehicles and legal defense fees. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Medical payments and PIP coverage – Med pay and PIP coverage reimburse you for short-term medical expenses for dental work, ambulance fees and nursing services. They are used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2008 Volvo S60.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Collision – Collision coverage will pay to fix damage to your S60 resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as crashing into a ditch, hitting a parking meter, driving through your garage door, backing into a parked car and hitting a mailbox. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive auto coverage – This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, damage from getting keyed and vandalism. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Saving money makes a lot of cents

We just covered a lot of techniques to lower your 2008 Volvo S60 insurance prices. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest prices come from a small local company. These smaller insurers can often provide lower rates in certain areas as compared to the big name companies such as Geico and State Farm.

The cheapest 2008 Volvo S60 insurance is possible on the web and from local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. A few companies may not provide internet price quotes and these regional insurance providers only sell through independent agencies.

For more information, feel free to browse the following helpful articles:

• Teen Driver Statistics (Insurance Information Insitute)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• State Laws for Cellphones and Texting (iihs.org)
• Winter Driving (Insurance Information Insitute)
• All About Airbag Safety (State Farm)
• Safe Vehicles for Teens (iihs.org)

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