2008 Volvo XC70 Insurance Quotes – 5 Ways to Save

If you are new to online auto insurance, you may be confused by the vast number of online auto insurance companies and websites all offering big savings.

Compare car insurance price quotes

When shopping for affordable insurance quotes, there are a couple of ways to compare rate quotes from companies that offer car insurance in your state. The best method to comparison shop is to perform an online rate comparison. It’s really quite simple and can be done using a couple different methods.

• The easiest and least time consuming way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This style of form saves time by eliminating separate quotation requests for every car insurance company. Filling out one form gets coverage cost estimates from all major companies. Recommended for those who want to invest the least amount of time.
• A more time consuming way to obtain and compare quotes online consists of visiting each company website to complete their respective quote request forms. For sake of this example, let’s assume you want comparison quotes from State Farm, Farmers and Allstate. To find out each rate you need to visit each site and repeatedly type in your coverage information, which can get old fast. For a handy list of car insurance company links in your area, click here.
• The least recommended method to compare rates is actually driving to and from local insurance agencies. The fact that you can get quotes online can eliminate the need for a local agent unless you want the professional abilities of a local agency. If you prefer, some companies allow you to find lower rates online and have a local agent actually service the policy.

Compare rates however you want, just compare identical coverages for each price quote. If you are comparing different coverage information it will be next to impossible to determine which company has the best rates. Quoting even small variations in insurance coverages or limits can make a big difference in price. It’s important to know that quoting more helps locate the best rates.

Five discounts to earn affordable insurance rates

Companies offering auto insurance don’t always list all available discounts in a way that’s easy to find, so the following list contains both well-publicized and also the more inconspicuous insurance savings.

• Discount for Passive Restraints – Cars that have air bags or motorized seat belts can get savings of more than 20%.
• Claim-Free Discount – Drivers with accident-free driving histories have much lower rates when compared to drivers who are more careless.
• Employee of Federal Government – Active or retired federal employment can save as much as 8% for XC70 insurance with certain companies.
• Memberships – Having an affiliation with specific professional or occupational memberships or organizations could earn you a nice discount on your bill.
• Discount for Life Insurance – Larger insurance carriers have better rates if you take out some life insurance too.

Please keep in mind that many deductions do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

Companies and a summarized list of policyholder discounts are:

• State Farm offers discounts including student away at school, accident-free, driver’s education, Steer Clear safe driver discount, multiple policy, and passive restraint.
• Geico may include discounts for five-year accident-free, defensive driver, good student, air bags, and anti-lock brakes.
• Liberty Mutual has savings for hybrid vehicle, newly retired, safety features, new graduate, preferred payment discount, and newly married.
• The Hartford may have discounts that include air bag, driver training, defensive driver, vehicle fuel type, bundle, good student, and anti-theft.
• MetLife policyholders can earn discounts including good driver, good student, claim-free, defensive driver, accident-free, multi-policy
• Progressive may offer discounts for online signing, multi-vehicle, good student, homeowner, and online quote discount.

Before purchasing a policy, check with all the companies the best way to save money. Depending on the company, some discounts might not be available to policyholders in every state. To view companies that offer many of these discounts, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage, there really is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

• Does my personal policy cover me when driving out-of-state?
• How do I buy GAP insurance?
• How much liability coverage do I need in my state?
• Does car insurance cover theft of personal property?
• Exactly who is provided coverage by my policy?
• Is my custom paint covered by insurance?
• Am I covered when driving in Canada or Mexico?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form.

Coverages available on your insurance policy

Knowing the specifics of insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Liability auto insurance – This coverage provides protection from damage or injury you incur to people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like repair bills for other people’s vehicles, funeral expenses, medical expenses, bail bonds and legal defense fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your 2008 Volvo XC70.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive auto coverage – This coverage will pay to fix 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 insurance covers claims like damage from getting keyed, hitting a bird, vandalism, rock chips in glass and a broken windshield. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as EMT expenses, chiropractic care and X-ray expenses. They are used in conjunction with a health insurance program or if you lack health insurance entirely. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays for damage to your XC70 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like sustaining damage from a pot hole, crashing into a ditch and colliding with a tree. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.