How Much Does 2012 Volvo S60 Car Insurance Cost?

Scraping up a payment for overpriced Volvo S60 insurance can empty your checking account and put the squeeze on your family’s finances. Shopping your coverage around is free and is an excellent way to cut your insurance bill. Lots of auto insurance companies contend for your hard-earned dollar, so it can be very hard to choose a provider and get the best coverage at the cheapest price

You should take the time to compare rates on a regular basis since insurance rates fluctuate regularly. Even if you got the best price for S60 insurance two years ago there may be better deals available now. Starting right now, forget all the misinformation about insurance because it’s time to teach you how to use online quotes to lower your annual insurance bill.

If you have a current insurance coverage policy or are looking for a new policy, you can use this information to find the best rates while maximizing coverage. Finding the best rates is not that difficult. Vehicle owners only need an understanding of the most effective way to compare rates online.

The method we recommend to compare policy rates takes advantage of the fact most of the larger companies pay for the opportunity to provide you with a free rate quote. The only thing you need to do is provide a little information like an estimate of your credit level, types of safety features, what your job is, and if your license is active. Your details is sent automatically to all major companies and they respond with quotes very quickly.

These discounts can lower your rates

Companies that sell car insurance don’t list all their discounts in an easy-to-find place, so here is a list both well-publicized and the more hidden ways to save on car insurance. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

  • Claim Free – Claim-free drivers can earn big discounts as compared to bad drivers.
  • Discount for New Cars – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • College Student – Any of your kids who are attending college without a vehicle on campus can receive lower rates.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Federal Employees – Active or retired federal employment can save as much as 8% for S60 insurance with certain companies.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.

Keep in mind that many deductions do not apply the the whole policy. Some only reduce specific coverage prices like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, it doesn’t quite work that way.

To see a list of insurers who offer car insurance discounts, click this link.

Different people need different coverages

When it comes to buying coverage for your vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions can help discover if your insurance needs may require specific advice.

  • Am I covered when using my vehicle for business?
  • Should I buy full coverage?
  • Can I rent a car in Mexico?
  • Exactly who is provided coverage by my policy?
  • Do all my vehicles need collision coverage?
  • Do I need motorclub coverage?
  • How can I find cheaper teen driver insurance?
  • Why am I required to get a high-risk car insurance policy?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Factors influencing Volvo S60 insurance rates

Consumers need to have an understanding of the factors that go into determining insurance coverage rates. Knowing what impacts premium levels helps enable you to make changes that may reward you with better insurance coverage rates.

  • Males pay more for insurance – The statistics show that women are safer drivers than men. Now that doesn’t mean men are worse drivers. They both cause accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to get cited for more serious violations such as reckless driving.
  • Save money with special equipment – Owning a car with a theft deterrent system can get you a discount on your insurance coverage. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.
  • Your job and insurance rates – Occupations such as doctors, social workers and stock brokers tend to have the highest rates attributed to high stress levels and long work hours. On the other hand, occupations like scientists, students and retirees receive lower rates for S60 insurance.
  • Better credit scores mean better rates – Credit rating is a huge factor in calculating your insurance coverage rates. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. If your credit rating can use some improvement, you could be paying less to insure your 2012 Volvo S60 by repairing your credit.
  • Your location affects your rates – Being located in small towns and rural areas has it’s advantages when buying insurance coverage. Urban drivers have congested traffic and longer commutes to work. Lower population means fewer accidents.
  • Being married is a good thing – Having a wife or husband helps lower the price on your insurance coverage policy. It usually means you are more mature and responsible and statistics show being married results in fewer claims.
  • Mature drivers pay less – Older drivers are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations. Teenage drivers tend to be more careless behind the wheel and because of this, their insurance coverage rates are much higher.
  • Extra add-on coverages are wasting money – There are quite a few add-on coverages that you can get tricked into buying when buying insurance coverage. Coverages like personal injury protection, accidental death and membership fees are some examples. These may sound like a good investment at first, but your needs may have changed so get rid of them and save.

Can you really save $461 a year?

Consumers can’t ignore all the ads that promise big savings by Progressive, Allstate and Geico. All the companies make the same claim about savings if you move to their company.

How can each company claim to save you money?

Different companies are able to cherry pick for the driver that earns them a profit. A good example of a driver they prefer might be between the ages of 40 and 55, a clean driving record, and has great credit. Any driver that hits that “sweet spot” will qualify for the lowest rates and therefore will save when they switch companies.

Potential customers who are not a match for these standards will have to pay higher premiums and this can result in business not being written. The ads say “customers who switch” not “everybody who quotes” save that kind of money. This is how companies can truthfully advertise the way they do. Because of the profiling, it is so important to get as many quotes as possible. You cannot predict the company that will have the lowest Volvo S60 insurance rates.

Information about specific coverages

Learning about specific coverages of a auto insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages found on most auto insurance policies.

Collision coverage – This coverage covers damage to your S60 from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with a tree, scraping a guard rail, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive auto insurance – This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, damage from a tornado or hurricane, damage from flooding and a broken windshield. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for immediate expenses for funeral costs, dental work and hospital visits. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2012 Volvo S60.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Liability – This will cover damage or injury you incur to other people or property. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims like legal defense fees, medical expenses, pain and suffering, repair bills for other people’s vehicles and attorney fees. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

In Summary

As you shop your coverage around, make sure you don’t buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your strategy should be to get the best coverage possible at a price you can afford.

In this article, we presented a lot of information how to compare 2012 Volvo S60 insurance prices online. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may even find the lowest priced auto insurance comes from some of the smallest insurance companies. These companies may cover specific market segments cheaper compared to the large companies like State Farm and Allstate.

Affordable insurance is definitely available online and also from your neighborhood agents, and you need to comparison shop both to have the best selection. Some auto insurance companies may not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

More tips and info about auto insurance is available in the articles below: