2011 Volvo S80 Car Insurance Cost – 5 Tips to Save

Are you intimidated by the crazy number of insurance company choices? Many other consumers are too. People have so many options that it can easily become a big hassle to find the best price.

Insurance Coverage Prices Online

Most major insurance companies such as State Farm and Allstate quote prices for coverage online. This process is fairly straightforward as you simply enter the amount of coverage you want as requested by the quote form. Upon sending the form, the system collects your driving record and credit report and generates pricing information.

Online quotes helps simplify price comparisons, but the time it takes to visit each company’s website and repetitively type in the same information is monotonous and tiresome. But it is imperative to get many rate quotes in order to find the lowest insurance coverage rates.

The better way to compare rates

A less time-consuming method to compare rates is to use a quote form to return rates from more than one company. It’s a real time-saver, eliminates repetitive work, and makes online shopping a little more enjoyable. Immediately after submitting the form, it is rated with multiple companies and you can pick any or none of the quote results. If you find a better price you can click and sign and buy the new coverage. The whole process takes just a few minutes to complete and you’ll know if lower rates are available.

In order to compare rates now, simply click here to open in new window and enter your information. If you currently have coverage, we recommend you replicate the coverage information identical to your current policy. This ensures you will have a price comparison for similar coverage.

Do drivers who switch really save?

Auto insurance providers like State Farm and Allstate constantly bombard you with ads in print and on television. They all make the same claim that you’ll save big if you switch your policy. How can each company make almost identical claims? This is how they do it.

Insurance companies have a certain “appetite” for the type of customer that makes them money. A good example of a driver they prefer might be between 30 and 50, insures multiple vehicles, and drives newer vehicles. A driver who fits that profile will get very good rates and most likely will save when switching.

Potential insureds who are not a match for the “perfect” profile will be quoted a higher premium which usually ends up with business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that much money. That’s why insurance companies can claim big savings. This emphasizes why you need to get as many quotes as possible. You cannot predict which auto insurance company will have the lowest Volvo S80 insurance rates.

Are you getting all your discounts?

Car insurance companies do not list all available discounts in a way that’s easy to find, so the following is a list of some of the best known as well as the least known savings tricks you should be using.

  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Multi-car Discount – Buying insurance for more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on S80 insurance than drivers with accidents.
  • Air Bag Discount – Vehicles equipped with air bags can qualify for discounts of up to 25% or more.
  • Student Driver Training – Require your teen driver to enroll in driver’s education if offered at their school.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Just because it seems like all those discounts means the company will pay you, it doesn’t quite work that way.

For a list of companies who offer auto insurance discounts, click this link.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there really is not a cookie cutter policy. Every situation is different.

For instance, these questions might point out if you would benefit from professional advice.

  • Is my custom paint covered by insurance?
  • Will my insurance pay for OEM parts?
  • Do I need more liability coverage?
  • Should I have a commercial auto policy?
  • What discounts do I qualify for?
  • Do I need higher collision deductibles?
  • What if I don’t agree with a claim settlement offer?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Specific coverages for a Volvo S80

Knowing the specifics of car insurance helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive insurance

This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like a broken windshield, damage from getting keyed, vandalism, rock chips in glass and theft. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like surgery, nursing services, dental work and pain medications. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability coverage

This will cover damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like emergency aid, medical services, funeral expenses, medical expenses and structural damage. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Coverage for collisions

This covers damage to your S80 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as sustaining damage from a pot hole, crashing into a building, backing into a parked car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also bump up the deductible to save money on collision insurance.

Cheaper insurance is a realistic goal

When shopping online for car insurance, do not reduce coverage to reduce premium. There are too many instances where someone dropped liability coverage limits only to regret that the savings was not a smart move. Your strategy should be to get the best coverage possible at a price you can afford while still protecting your assets.

We just covered a lot of techniques to shop for 2011 Volvo S80 insurance online. The key thing to remember is the more quotes you get, the better your comparison will be. You may even find the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.

People switch companies for many reasons like policy non-renewal, lack of trust in their agent, high prices or being labeled a high risk driver. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.

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