Compare 2006 Volvo S60 Insurance Cost

Paying for high-priced Volvo S60 insurance can take a big chunk out of your checking account and put a big crunch on your finances. Doing a price comparison is a smart way to cut your insurance bill.

Numerous insurers battle to insure your vehicles, so it can be very hard to choose a provider and get the definite best rate

More discounts equal less premium

Car insurance is not cheap, buy you may qualify for discounts to reduce the price significantly. Most are applied when you purchase, but a few need to be specially asked for prior to getting the savings.

  • Homeowners Discount – Being a homeowner may earn you a small savings because owning a home demonstrates responsibility.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total premium.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • College Student – Children living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Seat Belts Save – Requiring all passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
  • Safe Drivers – Safe drivers can pay as much as 50% less on S60 insurance than drivers with accident claims.
  • Driver’s Ed – Have your child take driver’s ed class if it’s offered in school.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
  • Life Insurance Discount – Larger companies have a break if you buy life insurance.

It’s important to note that some of the credits will not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will bring down your overall premium however.

For a list of insurers with discount insurance coverage rates, click this link.

It’s not one size fits all

When choosing the right insurance coverage for your vehicles, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions can help discover whether or not you would benefit from an agent’s advice.

  • What is roadside assistance coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Are my friends covered when driving my 2006 Volvo S60?
  • Is extra glass coverage worth it?
  • If my pet gets injured in an accident are they covered?
  • Will filing a claim cost me more?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Buyer beware of insurance advertising tricks

Companies like Progressive, Allstate and Geico regularly use ads on TV and radio. All the ads say the same thing of big savings if you move your policy. But how can every company say the same thing?

Different companies have a certain “appetite” for the driver that earns them a profit. A good example of a preferred risk could be a mature driver, has no tickets, and has a high credit rating. Any driver that hits that “sweet spot” receives the best rates and therefore will cut their rates substantially.

Potential insureds who fall outside the “perfect” profile will be quoted more money and this can result in the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everyone that quotes” save that much money. That’s why insurance companies can claim big savings.

This emphasizes why it is so important to quote coverage with many companies. You cannot predict which insurance company will fit your personal profile best.

Car insurance 101

Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from auto insurance companies.

Comprehensive protection

This pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a deer, fire damage, hail damage, rock chips in glass and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured or underinsured coverage

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for liability

Liability coverage will cover damage that occurs to other people or property that is your fault. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like medical services, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision insurance

Collision coverage covers damage to your S60 caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as backing into a parked car, rolling your car, scraping a guard rail, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Medical expense coverage

Coverage for medical payments and/or PIP pay for short-term medical expenses like surgery, hospital visits, EMT expenses and chiropractic care. They can be used in conjunction with a health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

In conclusion

In this article, we presented a lot of information how to reduce 2006 Volvo S60 insurance prices online. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. Consumers could even find that the biggest savings come from the smaller companies. These smaller insurers often have lower prices on specific markets than their larger competitors like Allstate and Progressive.

Discount insurance is definitely available on the web and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies do not offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

When you buy insurance online, never buy poor coverage just to save money. There have been many cases where someone dropped full coverage to discover at claim time that the savings was not a smart move. The aim is to buy a smart amount of coverage for the lowest price.

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