Cheap 2012 Volvo XC70 Insurance Cost

No one fancies paying their premiums for auto insurance, especially when the prices are way too high.

Lots of insurers contend for your business, so it can be very hard to choose a provider and uncover the absolute cheapest price

If you have car insurance now, you should be able to save some money using these tips. Finding affordable coverage is quite easy. But consumers need to have an understanding of the way companies price online insurance because it can help you find the best coverage.

Get cheap insurance with discounts

Some providers do not list every discount very clearly, so we researched some of the more common and also the more inconspicuous discounts that you can inquire about if you buy insurance online. If you don’t get every credit available, you could be getting lower rates.

• Senior Citizen Rates – If you qualify as a senior citizen, you can get a small decrease in premiums for XC70 coverage.
• Cautious Driver Discount – Drivers without accidents can pay as much as 50% less for XC70 coverage as compared to drivers with claims.
• Military Deployment Discount – Having a family member in the military may lower your premium rates slightly.
• Good Student Discount – A discount for being a good student can save 20 to 25%. Many companies even apply the discount to college students until age 25.
• No Claim Discounts – Good drivers with no accidents get the best insurance rates compared to accident-prone drivers.
• Telematics Data – Drivers who elect to allow their insurance company to spy on when and where they use their vehicle by using a small device installed in their vehicle such as Progressive’s Snapshot may get a rate reduction if they have good driving habits.

A quick disclaimer, some of the credits will not apply to your bottom line cost. Most only cut individual premiums such as liability, collision or medical payments. Even though it appears all those discounts means the company will pay you, that’s just not realistic. But all discounts will definitely reduce your policy premium.

If you would like to view insurance companies that provide some of the discounts listed above, click here.

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Insurance premium influencing factors

Multiple criteria are considered when pricing auto insurance. Some of the criteria are obvious such as your driving history, but other factors are less obvious such as your credit history or your financial responsibility.

• Drive less and get lower premiums – Driving more miles every year the more you’ll pay to insure it. A lot of insurance companies calculate prices partially by how you use the vehicle. Vehicles that do not get driven very much can be on a lower rate level compared to those used for work or business. An incorrectly rated XC70 can result in significantly higher rates. Ask your agent if your insurance coverage is showing the correct driver usage, because it can save money.
• Keep insurance claims to a minimum – Car insurance companies provide better rates to insureds who do not file claims often. If you are a frequent claim filer, you can pretty much guarantee higher rates. Your insurance policy is intended for major claims that would cause financial hardship.
• Your vocation and insurance rates – Do you work in a high-stress field? Careers like doctors, social workers and stock brokers are shown to have higher average rates because of stressful work requirements and lots of time spent at work. On the flip side, professions such as farmers, engineers and performers have the lowest average rates for XC70 coverage.
• Insurance premiums and driver gender – Statistics show that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. Females and males tend to get into fender benders in similar percentages, but guys tend to have more serious accidents. Not only that, but men also get ticketed for serious violations such as DWI and reckless driving. Young men ages 16 to 20 generally have the highest accident percentage and are penalized with high insurance rates.
• Save money by eliminating extra coverages – Insurance companies have many extra add-on coverages that can waste your money if you aren’t careful. Insurance for things like rental car reimbursement, towing, and additional equipment coverage are examples of these. They may seem good when buying your policy, but now you might not need them so remove them and pocket the money.
• Excellent credit equals lower rates – Having a bad credit score will be a significant factor in determining your rates. People that have high credit scores tend to be less risk to insure than drivers with poor credit. Therefore, if your credit score leaves room for improvement, you could pay less to insure your 2012 Volvo XC70 if you improve your credit rating.
• Cautious drivers pay less – Drivers who don’t get tickets pay less for auto insurance as compared to those with violations. Having just one citation can increase rates by as much as twenty percent. People who have flagrant tickets such as DUI or reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with their state DMV in order to legally drive.
• Never allow your policy to lapse – Driving without insurance can get your license suspended and your next policy will cost more because you let your coverage have a gap. In addition to paying higher rates, being ticketed for driving with no insurance may earn you fines and jail time. You may need to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.

Tailor your car insurance coverage to you

When it comes to choosing coverage for your personal vehicles, there really is not a best way to insure your cars. Every situation is different so your insurance needs to address that. For example, these questions may help you determine whether or not you will benefit from professional help.

• Is a blown tire covered by insurance?
• Are rental cars covered under my policy?
• What is the minimum liability in my state?
• Is my dog or cat covered if injured in an accident?
• When would I need additional glass coverage?
• Will filing a claim cost me more?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Coverages available on your car insurance policy

Knowing the specifics of car insurance can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types found on most car insurance policies.

Coverage for liability

Liability insurance will cover damage or injury you incur to a person or their property in an accident. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like emergency aid, funeral expenses, loss of income, legal defense fees and medical expenses. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like vandalism, hail damage and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Volvo XC70.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.

Collision protection

This coverage covers damage to your XC70 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, sideswiping another vehicle, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for surgery, nursing services and dental work. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

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Make an honest buck

As you restructure your insurance plan, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, an insured cut full coverage only to find out they didn’t have enough coverage. Your focus should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

We covered some good ideas how to compare 2012 Volvo XC70 insurance rates online. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your car insurance rates. You may be surprised to find that the best price on insurance is with the least-expected company. They can often provide lower car insurance rates in certain areas than the large multi-state companies such as Allstate, Geico and Progressive.

Much more information about insurance is available on the following sites:

• Driving in Bad Weather (Insurance Information Insitute)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• Bodily Injury Coverage (Liberty Mutual)

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