2011 Volvo V50 Car Insurance Quotes – 10 Ideas for Best Rates

Trying to find the cheapest auto insurance rates for your Volvo V50? Tired of scraping the payment together to pay high auto insurance rates every month? You have the same problem as many other drivers.

Insurance companies such as Allstate, Progressive and Geico all promote huge savings with fancy advertisements and it can be hard to see through the cute green geckos and mayhem and take the time to shop coverage around.

If you have car insurance now, you should be able to save some money using these tips. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, vehicle owners need to learn how the larger insurance companies market on the web.

Insurance Coverage Discounts

Car insurance companies don’t necessarily list every disount available in a way that’s easy to find, so the list below contains a few of the more common and the more hidden credits available to lower your premiums when you buy insurance coverage online.

• ABS Braking Discount – Cars with ABS braking systems or traction control can reduce accidents so you can save 10 percent or more.
• No Charge for an Accident – This one isn’t a discount, but some insurance companies will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims prior to the accident.
• Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a insurance coverage quote. Many companies even apply the discount to college students until age 25.
• Discount for New Cars – Adding a new car to your policy can cost up to 25% less because new vehicles keep occupants safer.
• Discount for Multiple Policies – If you have multiple policies with one insurance company you may earn up to 20% off your total premium.
• Switch and Save Discount – A few larger companies offer discounts for buying a policy prior to your current policy expiring. It could save around 10% when you buy insurance coverage online.
• Drivers Education – It’s a good idea to have your young drivers enroll and complete driver’s education as it can save substantially.
• Fewer Miles Equal More Savings – Low mileage vehicles could qualify for slightly better premium rates than normal.
• Discount for Passive Restraints – Factory air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.
• Senior Citizen Rates – Seniors could receive reduced rates on V50 coverage.

It’s important to note that many deductions do not apply the the whole policy. Most only cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, you won’t be that lucky.

To choose providers who offer online insurance coverage quotes, click here.

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Tailor your insurance coverage coverage to you

When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that might point out whether you might need an agent’s assistance.

• What discounts do I qualify for?
• Is business equipment covered while in my vehicle?
• Is my teen driver covered when they drive my company car?
• Should I have a commercial auto policy?
• Do I need medical payments coverage since I have good health insurance?
• Is my 2011 Volvo V50 covered for flood damage?
• Should I carry comprehensive and collision coverage?
• Am I better off with higher deductibles on my 2011 Volvo V50?
• How much liability coverage do I need in my state?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Switch companies and save? Really?

Big name companies like State Farm, Allstate and Geico consistently run television, radio, and online ads. They all seem to make an identical promise that people will save just by moving your car insurance coverage to their company. How does every company charge lower premium rates? This is the way they can do it.

All the different companies have specific characteristics for the type of driver that earns them the most money. For instance, a preferred risk could be a married male, carries full coverage, and has excellent credit. A customer that matches those criteria will most likely get cheap auto insurance rates and most likely will save if they switch.

People who fall short of these standards must pay higher rates and ends up with the customer buying from someone else. The ads state “customers that switch” but not “everyone who gets a quote” save money. That’s why companies can truthfully advertise the way they do. This really emphasizes why you should quote coverage with many companies. It’s impossible to know which company will have the best auto insurance rates at this point in time.

Coverage specifics

Learning about specific coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types found on the average insurance policy.

Comprehensive insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hitting a deer, damage from getting keyed, hail damage and damage from flooding. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Volvo V50.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like dental work, rehabilitation expenses and doctor visits. They are often used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Liability coverages

This coverage will cover damage or injury you incur to other’s property or people that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things like court costs, attorney fees and bail bonds. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Collision insurance

Collision coverage covers damage to your V50 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as backing into a parked car, rolling your car, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

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A penny earned…

Some insurance providers may not offer rate quotes online and these small, regional companies work with independent agents. Budget-friendly insurance coverage is available on the web and from local agencies, so you should be comparing quotes from both to get a complete price analysis.

As you go through the steps to switch your coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced full coverage only to regret at claim time that the savings was not a smart move. Your goal is to buy enough coverage at the lowest possible cost.

For more information, take a look at the following helpful articles:

• Side Impact Crash Tests (iihs.org)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Speed and Speed Limit FAQ (iihs.org)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Red Light Cameras (State Farm)

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