Lower Your 2016 Volvo S60 Insurance Rates

Want the cheapest auto insurance rates for your Volvo S60? Trying to find the cheapest insurance for your Volvo S60 can be an all-consuming task, but you can learn our auto insurance buying tips to save time.

There are both good and bad ways to shop for auto insurance and you need to know the proper way to price shop coverage for your Volvo and find the cheapest rates either online or from local insurance agents.

It is always a good idea to take a look at other company’s rates yearly since prices are rarely the same from one policy term to another. Even if you think you had the lowest rates on S60 coverage a couple years back you can probably find a better premium rate now. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to quote online to save on auto insurance.

Cheaper car insurance quotes with discounts

Insurance can cost an arm and a leg, but you might be missing out on some discounts to reduce the price significantly. Most are applied at the time you complete a quote, but some must be inquired about prior to receiving the credit. If you do not double check each discount you deserve, you could be paying more than you need to.

  • First Accident Forgiveness – Not necessarily a discount, but some companies like Progressive, State Farm and Geico permit an accident before they charge you more for coverage if you have no claims before the accident.
  • Student Driver Training – Require your teen driver to sucessfully take a drivers education course as it can save substantially.
  • Onboard Data Collection – Insureds that choose to allow their insurance company to study driving habits through the use of a telematics system such as Progressive’s Snapshot may get a rate reduction if they are good drivers.
  • Memberships – Affiliation with qualifying employment or professional organizations is a good way to get lower rates on car insurance.
  • Multi-Vehicle Discounts – Buying a policy with primary and secondary vehicles on one policy may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Volvo may allow you to get lower rates on the low mileage vehicles.
  • Discount for Home Ownership – Owning a house may earn you a small savings because maintaining a house shows financial diligence.
  • E-sign – A few larger online companies will provide an incentive get insurance coverage on the internet.
  • Seat Belt Discounts – Requiring all passengers to fasten their seat belts can save 10% or more off the medical payments premium.
  • Military Rewards – Having an actively deployed family member could trigger a small discount.

Just know that most of the big mark downs will not be given to the overall cost of the policy. Most only cut individual premiums such as comp or med pay. Despite the fact that it seems like all the discounts add up to a free policy, nobody gets a free ride.

The best car insurance companies and a partial list of their discounts are:

  • AAA discounts include education and occupation, pay-in-full, multi-car, AAA membership discount, multi-policy, good driver, and good student.
  • Progressive policyholders can earn discounts including multi-vehicle, online quote discount, online signing, good student, and homeowner.
  • State Farm offers premium reductions for anti-theft, accident-free, good driver, passive restraint, student away at school, defensive driving training, and driver’s education.
  • Esurance may include discounts for multi-car, paid-in-full, homeowner, Pac-12 alumni, anti-lock brakes, safety device, and claim free.
  • Nationwide includes discounts for accident-free, good student, business or organization, defensive driving, and anti-theft.

If you want affordable insurance coverage quotes, ask each company or agent what discounts are available to you. Some discounts listed above may not apply to policyholders everywhere. To see companies that offer discounts, click here to view.

How to get insurance coverage price quotes

The majority of larger companies allow you to get coverage price quotes on their websites. This process is quite easy as you just type in your required coverages into a form. Once you submit the form, their rating system requests information on your driving record and credit history and returns a price based on the information you submitted.

Being able to quote online simplifies rate comparisons, but the time it takes to visit many different websites and type in your information gets old quite quickly. Unfortunately, it is important to compare as many rates as possible in order to get better prices.

There is a better way!

A more efficient way to get multiple rate quotes uses one simple form to return rates from many companies. The form is fast, eliminates repetitive work, and makes online shopping much easier to do. As soon as the form is sent, it is quoted with multiple companies and you can pick any of the resulting price quotes.

If you find a better price it’s easy to complete the application and buy the new coverage. The entire process takes less than 15 minutes and you will find out if you’re overpaying now.

To find out if lower rates are available, simply click here to open in new window and submit the form. To compare your current rates, we recommend you copy coverages and limits as shown on your current policy. This helps ensure you will have comparison quotes for similar coverage.

Insurance premiums are influenced by these factors

A large part of saving on insurance is knowing a few of the rating criteria that help determine your insurance rates. If you know what impacts premium levels, this allows you to make educated decisions that will entitle you to big savings. Lots of things are taken into consideration when you get a price on insurance. Some are pretty understandable such as your driving history, but other factors are more transparent like where you live or how safe your car is.

Listed below are some of the things used by insurance companies to determine your rate level.

  • Better rates with anti-theft devices – Choosing a vehicle with anti-theft technology or alarm system can save you a little every year. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft and help bring rates down.
  • Cars with good safety ratings means lower rates – Vehicles with high crash test scores tend to be cheaper to insure. Vehicles engineered for safety reduce injuries and fewer serious injuries translates into fewer and smaller insurance claims and thus lower rates.
  • Premiums can be impacted by your employer – Do you have a high-stress occupation? Careers such as military generals, architects and emergency personnel tend to pay the highest average rates due to high stress levels and lots of time spent away from family. On the other hand, careers like farmers, engineers and homemakers generally pay rates lower than average on S60 coverage.
  • Save money by having high credit – Credit history is likely to be a major factor in determining what you pay. If your credit rating can be improved, you may save money insuring your 2016 Volvo S60 if you clean up your credit. People with very high credit ratings tend to file fewer claims than drivers with poor credit scores.
  • Always keep your insurance policy in place – Letting your insurance expire is a quick way to pay more for insurance. In addition to paying higher premiums, being ticketed for driving with no insurance could earn you a revoked license or a big fine. You may then have to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Marriage discount – Being married actually saves money when shopping for insurance. It is viewed as being more mature and responsible and it’s proven that drivers who are married file infrequent claims.

Tailor your insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Each situation is unique.

These are some specific questions can help discover whether you might need professional guidance.

  • Is my ex-spouse still covered by my policy?
  • What if I total my 2016 Volvo S60 and owe more than it’s worth?
  • Does my policy cover me when driving someone else’s vehicle?
  • How much underlying liability do I need for an umbrella policy?
  • Should I bundle my homeowners policy with my auto?
  • Do I need special endorsements for business use of my vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Is extra glass coverage worth it?
  • Should I carry comprehensive and collision coverage?

If you don’t know the answers to these questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Can you really save that much by switching?

Consumers can’t avoid all the ads that claim the cheapest rates from the likes of State Farm, Allstate and Geico. All the companies make the same claim about saving some big amount if you move your car insurance policy to them.

It sounds good, but how can they all give you a better price?

Different companies have strict underwriting profiles for the driver that makes them money. An example of a profitable risk profile could be a married female, insures multiple vehicles, and chooses high deductibles. A driver who matches that profile will get very good prices as well as pay quite a bit less when switching companies.

People who do not fit these standards may receive higher rates which usually ends up with the customer not purchasing. The trick companies use is to say “drivers that switch” not “all people who quote” save money. That’s why companies can claim big savings.

Because each company has a different risk profile, it’s extremely important to get insurance coverage quotes from several different companies. Because without a comparison, you cannot know which company will have better rates than you’re paying now.

Specifics of your auto insurance policy

Having a good grasp of auto insurance aids in choosing the right coverages for your vehicles. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for bills such as pain medications, doctor visits, nursing services and funeral costs. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from 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 things such as hitting a bird, theft and vandalism. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision protection

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as backing into a parked car, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your 2016 Volvo S60.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Auto liability

This coverage will cover damages or injuries you inflict on a person or their property in an accident. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability insurance covers things like attorney fees, repair costs for stationary objects, pain and suffering and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Saving money is sweet as honey

Consumers change insurance companies for any number of reasons including policy cancellation, an unsatisfactory settlement offer, policy non-renewal or even delays in responding to claim requests. Regardless of your reason for switching companies, switching car insurance companies can be easy and end up saving you some money.

When buying insurance coverage, you should never buy less coverage just to save a little money. There are many occasions where an accident victim reduced full coverage and found out when filing a claim they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at the best price while still protecting your assets.

Lower-priced car insurance can be purchased from both online companies as well as from insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some companies do not provide the ability to get a quote online and many times these smaller companies only sell through independent agencies.

To read more, feel free to visit these articles: