2014 Volvo S60 Insurance Cost

Paying for high-priced Volvo S60 insurance can drain your bank account, especially in this economy. Shopping your coverage around is a great way to make sure you’re not throwing money away.

Since consumers have many car insurance companies to choose from, it’s difficult to choose the most affordable provider.

It’s smart to compare rates every six months because rates change frequently. Even if you got the best rates for S60 coverage last year you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about car insurance online but I’m going to show you a lot of great tips on how to quit paying high car insurance rates.

Insurance Coverage Comparison Rates

There are several ways to compare rate quotes from local insurance coverage companies. By far the easiest way to compare 2014 Volvo S60 insurance prices consists of obtaining rate quotes online. It is quite easy and can be accomplished in several different ways.

Probably the best way to get quotes is an all-inclusive rate comparison click here to open form in new window. This method prevents you from having to do boring form submissions to each individual insurance coverage company. In just a few minutes this one form compares rates direct from many companies.

A less efficient way to find lower rates consists of going to the website of each company and fill out their own quote form. For sake of this example, let’s assume you want rates from Nationwide, State Farm and GMAC. To get each rate you have to go to every website to input your insurance information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

The most time-consuming way of getting rate comparisons is to drive around to local insurance agencies. Buying insurance online has reduced the need for local agents unless you have a need for the professional advice only provided by licensed agents. It is possible to comparison shop online and still use a local agent and you’ll learn how to do that later.

It doesn’t matter which method you choose, just make absolute certain that you use the exact same quote information with each company. If you have different deductibles then you won’t be able to make an equal comparison. Just a small difference in insurance coverages could mean much higher rates. And when price shopping your coverage, more quotes will increase your chances of finding a better price.

Don’t overlook these discounts

Insuring your vehicles can cost a lot, but there could be available discounts to help bring down the price. Larger premium reductions will be automatically applied at the time of purchase, but a few must be requested specifically prior to receiving the credit.

  • Student in College – Any of your kids who are attending college without a vehicle on campus may be able to be covered for less.
  • Passive Restraints – Cars that have air bags can qualify for discounts of 20% or more.
  • Life Insurance Discount – Select insurance companies reward you with a discount if you purchase auto and life insurance together.
  • Bundle and Save – When you have multiple policies with one insurance company you could get a discount of at least 10% off all policies.
  • New Car Discount – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Volvo could qualify for a substantially lower rate.
  • No Claims – Claim-free drivers can earn big discounts compared to accident-prone drivers.

It’s important to understand that most credits do not apply to your bottom line cost. The majority will only reduce individual premiums such as comprehensive or collision. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way. But all discounts will bring down your overall premium however.

To see a list of insurance companies offering auto insurance discounts, follow this link.

Volvo S60 rates are complex

Smart consumers have a good feel for some of the elements that come into play when calculating the price you pay for car insurance. Understanding what controls the rates you pay helps enable you to make changes that will entitle you to big savings.

The list below includes some of the factors that factor into prices.

  • Never allow your policy to lapse – Not having insurance can get your license suspended and car insurance companies will penalize you for letting your insurance lapse. Not only will rates go up, getting caught without coverage will get you a license revocation or jail time.Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Your credit rating is important – A driver’s credit score is a big factor in determining what you pay for car insurance. If your credit score is lower than you’d like, you could potentially save money when insuring your 2014 Volvo S60 by repairing your credit. People with good credit tend to be more responsible than drivers who have poor credit.
  • Your spouse saves you money – Having a spouse actually saves money when buying car insurance. Having a significant other translates into being more mature and responsible and statistics show married drivers get in fewer accidents.
  • Add-on coverages can add up – There are many additional coverages that can waste your money on your car insurance policy. Insurance for rental car reimbursement, accident forgiveness and additional equipment coverage may be wasting your money. They may seem good initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Your location affects your rates – Being located in less populated areas can save you money when buying car insurance. Less people living in that area translates into fewer accidents and a lower car theft rate. Drivers who live in large cities tend to have traffic congestion and longer commutes to work. Longer commute distances can result in more accidents.
  • Protect yourself with liability coverage – Liability insurance provides coverage in the event that you are found to be at fault for damages from an accident. It provides you with a defense in court starting from day one. Liability is cheap compared to physical damage coverage, so do not cut corners here.
  • Older drivers save more – Older drivers are viewed as being more responsible, tend to file fewer claims and get fewer tickets. Youthful drivers have a tendency to be more careless behind the wheel and because of this, their car insurance rates are much higher.

Is my situation unique?

When it comes to choosing coverage, there is no cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions can help discover if your insurance needs might need professional guidance.

  • Can I get a multi-policy discount?
  • Does insurance cover tools stolen from my truck?
  • Do I need to file an SR-22 for a DUI in my state?
  • What is the minimum liability in my state?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Auto insurance coverage considerations

Knowing the specifics of a auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverages found on the average auto insurance policy.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for immediate expenses for prosthetic devices, rehabilitation expenses, X-ray expenses, surgery and dental work. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Comprehensive insurance

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as a broken windshield, theft, hitting a deer and rock chips in glass. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Volvo S60.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.

Auto liability insurance

This coverage can cover injuries or damage you cause to people or other property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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. You might see values of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as bail bonds, medical expenses, medical services, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Coverage for collisions

This covers damage to your S60 from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with another moving vehicle, sideswiping another vehicle, driving through your garage door and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Make an honest buck

Discount 2014 Volvo S60 insurance can be bought from both online companies as well as from independent agents, and you need to comparison shop both so you have a total pricing picture. Some insurance coverage companies don’t offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

When shopping online for insurance coverage, never sacrifice coverage to reduce premiums. In many cases, someone dropped uninsured motorist or liability limits and discovered at claim time that it was a big mistake. Your focus should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

More detailed insurance coverage information is available by following these links: