2015 Volvo S60 Insurance Quotes – 8 Ideas for Best Rates

Searching for cheaper insurance coverage rates for your Volvo S60? No one looks forward to buying insurance coverage, in particular when their premiums are too high.

Multiple insurance companies compete to insure your vehicles, so it’s not easy to compare every company and get the best coverage at the cheapest price

If you currently have car insurance, you should be able to cut costs considerably using these tips. Choosing the best insurance company for you is not rocket science. Nevertheless, vehicle owners need to learn the way companies sell insurance online and apply this information to your search.

Car Insurance Comparisons

To find the best car insurance prices, there are several ways to compare quotes from different insurance companies. One of the best ways to find the lowest 2015 Volvo S60 rates consists of shopping online. This can be accomplished in several different ways.

One of the simplest ways consumers can make multiple comparisons is to use a rate comparison form (click to open form in new window). This method eliminates the need for a different quote to each individual car insurance company. Just one form will return quotes from multiple low-cost companies.

A less efficient way to analyze rates consists of going to the website for every company you want to comare and request a quote. For instance, let’s say you want to compare rates from Farmers, Safeco and Geico. To get rate quotes you would need to go to every website and enter your policy data, which is why the first method is more popular.

For a handy list of car insurance company links in your area, click here.

The hardest method to compare rates is driving to local insurance agencies. Shopping for car insurance online can eliminate the need for a local agent unless you require the professional guidance only provided by licensed agents. However, consumers can obtain prices from the web and get advice from an agent in your area and we’ll cover that in a bit.

Which method you use is up to you, but compare identical deductibles and coverage limits for every company. If you use unequal deductibles or liability limits you can’t possibly make a fair comparison for your Volvo S60. Slightly different insurance coverages can mean a large discrepancy in price. Just remember that having more price comparisons helps you find the best rates.

Don’t overlook these eight discounts

Companies don’t always list every available discount in an easy-to-find place, so we researched some of the best known and the more hidden savings tricks you should be using.

  • Accident Free – Claim-free drivers can earn big discounts when compared with frequent claim filers.
  • New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% compared to insuring an older model.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
  • Auto/Home Discount – When you combine your home and auto insurance with the same company you may earn 10% to 20% off each policy.
  • Anti-theft System – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Defensive Driving Course – Taking a course in driver safety can save you 5% or more and easily recoup the cost of the course.
  • Seat Belts Save – Requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.

It’s important to note that some of the credits will not apply to your bottom line cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, you won’t be that lucky.

Insurance companies who might offer some of the above discounts are:

Before buying, ask each company what discounts are available to you. Savings might not be offered in your area.

Is my situation unique?

When choosing the right insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s needs are different so this has to be addressed. These are some specific questions can aid in determining whether or not you may require specific advice.

  • When can my company non-renew my policy?
  • Am I covered if I drive in a foreign country?
  • Am I covered when driving a rental car?
  • Am I covered if I hit my neighbor’s mailbox?
  • Will I lose any money if I cancel my policy before it expires?
  • Are there companies who specialize in insuring high-risk drivers?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • How does medical payments coverage work?
  • Why am I required to buy high-risk coverage?
  • Why does it cost so much to insure a teen driver?

If you’re not sure about those questions but you think they might apply to your situation, 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.

Car insurance coverages and their meanings

Learning about specific coverages of car insurance can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average car insurance policy.

Comprehensive car insurance

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like fire damage, rock chips in glass, falling objects, a tree branch falling on your vehicle and hitting a deer. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for expenses for chiropractic care, funeral costs, hospital visits and ambulance fees. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability car insurance

This will cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from claims by other people. 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. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as funeral expenses, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like rolling your car, backing into a parked car, scraping a guard rail, hitting a parking meter and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Volvo S60.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.

Have the Midas touch

In this article, we presented a lot of tips how to lower your 2015 Volvo S60 insurance rates. The most important thing to understand is the more rate quotes you have, the better likelihood of reducing your rate. Consumers could even find that the best prices are with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Progressive and Geico.

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. In many cases, someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at a price you can afford while still protecting your assets.

Other resources