2004 Volvo S40 Insurance Rates

Finding more affordable prices on Driverscar insurance is difficult for drivers new to comparing rates online. Consumers have so many agents and companies to choose from that it can easily turn into a real hassle to find the lowest price.

You should take the time to get comparison quotes quite often since rates are usually higher with each renewal. If you had the best deal on S40 coverage at your last renewal a different company probably has better prices today. Don’t believe everything you read about car insurance online but we’re going to give you a lot of great tips on how to lower your car insurance premiums.

How to get free insurance coverage quotes online

There are a variety of methods you can shop for insurance coverage but some are less time-consuming than others. You can spend countless hours talking to local insurance agents in your area, or you can utilize the internet to get the quickest rates.

Many popular insurance companies participate in an industry program where prospective buyers submit one quote, and at least one company can give them a price. This prevents consumers from doing form submissions to every company.

To find out how much you can save on insurance coverage click here (opens in new window).

The single downside to using this type of form is you cannot specify which insurance companies you will receive quotes from. So if you prefer to choose specific providers to receive pricing from, we have a page of the cheapest insurance coverage companies in your area. Click to view list.

It’s your choice how you get your quotes, but ensure you’re using identical coverage limits on every quote you get. If you enter different coverage information it will be next to impossible to find the best deal for your Volvo S40. Quoting even small variations in insurance coverages can mean a large discrepancy in price. It’s important to know that comparing more company’s prices helps locate a better price. Some smaller insurers to not give rate quotes online, so you should also compare price estimates from them, too.

Verify you’re applying every discount

Auto insurance companies don’t always advertise the entire discount list very well, so the following is a list of some of the best known as well as some of the hidden credits that may apply to you.

• Lower Rates for Military – Being on active deployment in the military may qualify for rate reductions.
• Good Students Pay Less – Performing well in school can earn a discount of 20% or more. Many companies even apply the discount to college students until age 25.
• Full Payment Discount – By paying your entire bill at once rather than paying monthly you may reduce your total bill.
• Save with More Vehicles Insured – Purchasing coverage when you have more than one vehicle with one company could earn a price break for each car.
• Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts can get savings up to 30%.
• Paperwork-free – A few larger companies will discount your bill up to fifty bucks for buying your policy on your computer.
• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance.
• Telematics Discount – Policyholders that allow their company to study driving habits by using a telematics device in their vehicle such as State Farm’s In-Drive could see a rate decrease if they have good driving habits.
• Anti-lock Brake System – Vehicles with ABS braking systems or traction control are safer to drive and will save you 10% or more.
• Low Miles Discount – Low mileage vehicles may enable drivers to earn slightly better rates than normal.

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, you’re out of luck.

A partial list of companies that have these money-saving discounts are:

• State Farm
• Farmers Insurance
• Geico
• American Family
• Nationwide
• Progressive

When quoting, ask each company or agent what discounts are available to you. All car insurance discounts might not be available to policyholders in your area.

When should I discuss my situation with an agent?

When buying proper insurance coverage, there really is not a single plan that fits everyone. Every insured’s situation is different.

Here are some questions about coverages that might help in determining whether or not you might need an agent’s assistance.

• Do I need more liability coverage?
• Where can I get insurance after a DUI in my state?
• Will filing a claim cost me more?
• Do I pay less for low miles?
• Can I rate high risk drivers on liability-only vehicles?
• Who is covered by my policy?
• Is upholstery damage covered by car insurance?
• What is medical payments coverage?
• Am I missing any policy discounts?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Car insurance coverages for a 2004 Volvo S40

Knowing the specifics of car insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for expenses for things like ambulance fees, funeral costs and nursing services. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverages – This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from getting keyed, vandalism, a tree branch falling on your vehicle, falling objects and a broken windshield. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance – Liability coverage protects you from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like legal defense fees, repair costs for stationary objects, funeral expenses, medical services and loss of income. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision – This covers damage to your S40 resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like sideswiping another vehicle, sustaining damage from a pot hole, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages are set the same as your liablity limits.