How Much Does 2014 Volvo XC70 Car Insurance Cost?

Insurance shopping is not really something consumers relish, but it’s required in every state for any vehicle you drive.

You need to shop coverage around occasionally since rates tend to go up over time. If you had the best price on XC70 coverage a couple years back you can probably find a better price now. Starting now, block out anything you think you know about insurance because I’m going to teach you the only way to find better rates and still maintain coverage.

Lower rates by qualifying for discounts

Car insurance companies don’t always publicize all available discounts very clearly, so we researched both the well known and also the lesser-known savings tricks you should be using.

  • One Accident Forgiven – Some insurance companies allow you one accident without raising rates if you are claim-free for a particular time prior to the accident.
  • Save over 55 – Older drivers may be able to get a discount up to 10% on XC70 coverage.
  • Drive Less and Save – Fewer annual miles on your Volvo can earn discounted rates on garaged vehicles.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • Defensive Driver – Successfully completing a course in driver safety can save you 5% or more depending on where you live.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off your medical payments premium.
  • Paperless Signup – A handful of insurance companies give back up to $50 just for signing your application online.

Consumers should know that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

Insurance companies that may offer these benefits include:

Before buying, ask all companies you are considering which discounts they offer. Discounts might not apply in your area.

Some factors that can determine what Volvo XC70 insurance costs

Consumers need to have an understanding of some of the elements that play a part in calculating the rates you pay for auto insurance. Knowing what impacts premium levels enables informed choices that can help you get big savings.

Shown below are some of the factors auto insurance companies consider when setting your rates.

  • Drive less and save money – The higher the mileage driven in a year’s time the higher your rate. The majority of insurers charge to insure your cars determined by how the vehicle is used. Cars and trucks used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your auto insurance declarations sheet shows the correct usage for each vehicle, because it can save money. If your policy improperly rates your XC70 may be costing you.
  • Men are more aggressive – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are better drivers. Men and women are in accidents in similar numbers, but men cause more damage and cost insurance companies more money. Men also have more aggressive citations such as DWI and reckless driving.
  • Pay less if you’re married – Having a spouse can actually save you money on your policy. It translates into being more responsible and statistics show married drivers get in fewer accidents.
  • Better credit scores mean better rates – Credit score is a big factor in your rate calculation. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower ratings. Therefore, if your credit rating is low, you could pay less to insure your 2014 Volvo XC70 by improving your credit score.

Car insurance is unique, just like you

When it comes to buying coverage for your vehicles, there really is no “best” method to buy coverage. Each situation is unique.

These are some specific questions might point out if your insurance needs may require specific advice.

  • Should I rate my 2014 Volvo XC70 as pleasure use or commute?
  • What is the difference between comprehensive and collision coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Is my custom paint covered by insurance?
  • Can I drive in Mexico and have coverage?
  • What are the financial responsibility laws in my state?
  • Will filing a claim cost me more?
  • Am I covered if I hit a deer?
  • How much liability coverage do I need in my state?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Car insurance policy specifics

Understanding the coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like chiropractic care, hospital visits, dental work and prosthetic devices. They are used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverage

Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against things such as attorney fees, pain and suffering, bail bonds and medical services. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

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

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive insurance

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, a broken windshield, damage from getting keyed, damage from flooding and rock chips in glass. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision protection

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as crashing into a building, sustaining damage from a pot hole, crashing into a ditch, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Find Good Coverage for Less

Lower-priced 2014 Volvo XC70 insurance can be purchased from both online companies and with local insurance agents, and you need to price shop both to have the best selection. There are still a few companies who do not offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

People who switch companies do it for any number of reasons including policy cancellation, policy non-renewal, high prices and even poor customer service. Regardless of your reason, finding a great new company is not as difficult as it may seem.

We covered many ways to compare insurance prices online. It’s most important to understand that the more providers you compare, the better likelihood of reducing your rate. You may even discover the lowest rates come from a small local company.

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