Lower Your 1994 Volvo 850 Insurance Cost

Are you tired of robbing Peter to pay Paul to insure your Volvo every month? You’re in the same situation as many other drivers. Numerous insurance companies battle to insure your vehicles, so it can be very hard to choose a provider and get the best coverage at the best rate

Quick Insurance Quotes

Finding lower insurance rates doesn’t have to be difficult. Just take a couple of minutes to get quotes online from several insurance companies. This can be accomplished in just a few minutes using one of these methods.

  1. The first (and easiest) way consumers can make multiple comparisons is to use a rate comparison form click to view form in new window. This form keeps you from doing a different quote for each company you want a rate for. Just one form gets rate comparisons from all major companies.
  2. A different way to shop for insurance online requires you to visit each company’s website to complete their respective quote request forms. For example, we’ll pretend you want rates from USAA, Liberty Mutual and State Farm. To get rate quotes you would need to spend time on each company’s site to enter your coverage information, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

Whichever method you choose, make darn sure you compare identical quote information with every price quote. If you compare differing limits it’s impossible to make an equal comparison.

Volvo 850 insurance rates consist of many parts

It’s important that you understand the rating factors that go into determining your auto insurance rates. Knowing what determines base rates allows you to make educated decisions that can help you get lower auto insurance prices.

  • Big city or small town – Being located in less populated areas can be a good thing when talking about auto insurance. Less people living in that area means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers who live in large cities have much more traffic to deal with and much longer commute distances. More time commuting can result in more accidents.
  • Males pay more for insurance – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. Both sexes have accidents in similar percentages, but the males cause more damage. They also have more aggressive citations such as DWI and reckless driving. Young males tend to get in the most accidents and thus pay the highest rates.
  • Higher deductibles cost less – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Volvo from damage. Examples of covered claims would be colliding with a building, collision with an animal, and rolling your vehicle. Deductibles for physical damage are the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. The higher the amount you’re willing to pay, the bigger discount you will receive for 850 insurance.
  • Consolidate policies to earn discounts – Many companies provide better rates to people who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, it’s still a good idea to comparison shop to make sure you are getting the best deal.
  • How your age affects price – Young drivers are known to be careless and easily distracted in a vehicle so they pay higher auto insurance rates. Mature drivers are more cautious drivers, tend to file fewer claims and tend to be better behind the wheel.
  • Rate your vehicle for proper use – The more miles you rack up on your Volvo every year the more you’ll pay to insure your vehicle. Almost all companies price each vehicle’s coverage based upon how you use the vehicle. Autos that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Verify your auto insurance policy is rated on how each vehicle is driven, because it can save money. Incorrect usage on your 850 may be wasting your money.
  • Always keep insurance in force – Not having insurance is illegal and auto insurance companies will penalize you for letting your coverage lapse. Not only will rates go up, but not being able to provide proof of insurance will get you a steep fine or even jail time.You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Pay less if you’re married – Having a wife or husband can actually save you money on your policy. Having a spouse usually means you are more mature than a single person and statistics show married couples file fewer claims.

These discounts can lower your rates

Properly insuring your vehicles can get expensive, but there could be available discounts that you may not know about. Most are applied when you get a quote, but some must be specially asked for in order for you to get them. If you’re not getting every credit available, you are throwing money away.

  • Auto/Home Discount – If you insure your home and vehicles with the same company you will save up to 20% off your total premium.
  • Multiple Cars – Insuring all your vehicles on the same auto insurance policy qualifies for this discount.
  • New Vehicle Savings – Adding a new car to your policy is cheaper since new cars are generally safer.
  • Drive Less and Save – Driving fewer miles can earn a substantially lower rate.
  • Organization Discounts – Belonging to a civic or occupational organization is a good way to get lower rates on auto insurance for 850 insurance.
  • One Accident Forgiven – Certain companies will forgive one accident without raising rates if you are claim-free for a set time period.
  • Accident Free – Claim-free drivers can earn big discounts when compared to bad drivers.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts could cut 10% or more on the medical payments or PIP coverage costs.

Consumers should know that many deductions do not apply the the whole policy. Some only apply to individual premiums such as comp or med pay. So even though it sounds like it’s possible to get free car insurance, it just doesn’t work that way. But all discounts will help reduce the amount you have to pay.

Insurance companies who might offer these benefits are:

Double check with every prospective company how you can save money. Some discounts might not be offered everywhere.

Different people need different coverages

When it comes to buying adequate coverage for your vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions may help you determine if your insurance needs would benefit from an agent’s advice.

  • What if I owe more than I can insure my car for?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my medical payments coverage pay my health insurance deductible?
  • What are the best liability limits?
  • Am I getting all the discounts available?
  • Is extra glass coverage worth it?
  • When would I need rental car insurance?
  • How much can I save by bundling my policies?
  • Am I covered when driving in Canada or Mexico?
  • Can my teen driver be rated on a liability-only vehicle?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Learn about car insurance coverages for a 1994 Volvo 850

Learning about specific coverages of car insurance aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average car insurance policy.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses for funeral costs, nursing services and chiropractic care. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Liability auto insurance

This will cover damage or injury you incur to people or other property. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like structural damage, pain and suffering and court costs. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Collision coverage

Collision insurance pays for damage to your 850 from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like hitting a mailbox, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from getting keyed, a tree branch falling on your vehicle, rock chips in glass and hitting a deer. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Buy Smart and Save

When you buy insurance online, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, an insured dropped collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage at the best price while still protecting your assets.

We just covered a lot of tips how to compare 1994 Volvo 850 insurance prices online. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. You may even find the lowest premiums are with a small local company. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Progressive or Geico.

To read more, feel free to browse the articles below: