2003 Volvo V70 Insurance Rates

Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance coverage policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Companies like Progressive, State Farm and Geico all claim big savings with TV and radio ads and it is challenging if not impossible to see past the corporate glitz and find the best price available.

It’s smart to do rate comparisons at least once a year since rates are rarely the same from one policy term to another. If you had the best deal for V70 coverage a couple years back there may be better deals available now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to how to use online quotes to find better coverage at a better price.

If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these tips. Finding affordable coverage is easy if you know what you’re doing. Although drivers must understand how big insurance companies market insurance on the web and apply this information to your search.

Vehicle Insurance Comparison

When shopping for insurance coverage there are multiple ways of comparing rate quotes from local insurance coverage companies. One of the best ways to compare 2003 Volvo V70 insurance prices consists of shopping online. This can be done in a couple of different ways.

  1. The first (and easiest) way to get quotes for comparison is a comparison rater form (click to open form in new window). This easy form eliminates the need for separate quotation requests for each company you want a rate for. Completing one form will get you price quotes from multiple companies.
  2. A more difficult way to find lower rates is to manually visit the website for every company you want to comare and fill out their own quote form. For example, we’ll assume you want comparison quotes from Liberty Mutual, Allstate and Progressive. To find out each rate you need to take the time to go to each site to input your insurance information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.
  3. The hardest way of comparing rate quotes is driving to different agent offices. The ability to buy insurance online makes this process obsolete unless you require the trained guidance of a local agent. Drivers can get the lowest quotes online and get advice from an agent in your area and we’ll touch on that later.

Whichever way you use, be sure to compare exactly the same quote information on every quote you get. If each company quotes different values for each quote it’s impossible to determine the best price for your Volvo V70. Having just a slight variation in coverages may cause a big price difference. And when comparison shopping, obtaining a wide range of quotes provides better odds of finding a lower rate.

Lower rates by qualifying for discounts

Insurance can be prohibitively expensive, but you can get discounts that you may not know about. Some discounts apply automatically at the time of quoting, but less common discounts must be asked for before you will receive the discount.

  • Homeowners Pay Less – Owning a house may earn you a small savings because owning a home requires personal responsibility.
  • Discount for Swiching Early – A few companies offer discounts for switching policies before your current policy expires. The savings is around 10%.
  • Drive Less and Save – Keeping the miles down on your Volvo can qualify you for a substantially lower rate.
  • Senior Discount – Mature drivers may qualify for a discount up to 10% for V70 coverage.
  • No Accidents – Drivers who don’t have accidents pay much less compared to frequent claim filers.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you well after school through age 25.

Consumers should know that some credits don’t apply to the entire cost. Most only apply to specific coverage prices like medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, insurance companies aren’t that generous. Any amount of discount will reduce your premiums.

Insurance companies that may have some of the above discounts are:

Before buying, ask all companies you are considering which discounts they offer. Discounts may not apply in every state.

Car insurance is unique, just like you

When choosing the right insurance coverage, there really is not a “best” method to buy coverage. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs will benefit from professional help.

  • Are split liability limits better than a combined single limit?
  • Am I covered when pulling a rental trailer?
  • What companies insure drivers after a DUI or DWI?
  • What can I do if my company denied a claim?
  • Does insurance cover damages from a DUI accident?
  • Are all vehicle passengers covered by medical payments coverage?
  • Does coverage extend to Mexico or Canada?
  • Am I covered if I break a side mirror?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Specific coverages for a 2003 Volvo V70

Knowing the specifics of a auto insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages found on most auto insurance policies.

Uninsured and underinsured coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 2003 Volvo V70.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive coverages – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, hail damage and hitting a deer. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance – This coverage will cover damage that occurs to other people or property. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like legal defense fees, funeral expenses and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverage – Collision insurance covers damage to your V70 resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like backing into a parked car, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Coverage for medical payments – Med pay and PIP coverage kick in for bills like hospital visits, prosthetic devices, X-ray expenses, dental work and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay