View 2016 Volvo V60 Car Insurance Rates

Finding cheaper insurance for a Volvo V60 can be a painful process, but you can use a few tricks and make it easy. There is a better way to find auto insurance online and we’ll show you the quickest way to quote coverages for a new or used Volvo and get the best price possible from local insurance agents and online providers.

You should make it a habit to price shop coverage quite often because auto insurance rates change quite often. Just because you had the best rate on V60 coverage on your last policy you will most likely find a better price today. Block out anything you think you know about auto insurance because you’re about to learn how to use the internet to remove unneeded coverages and save money.

Compare car insurance rates

Finding a better price on car insurance is surprisingly easy. The only thing you need to do is spend a few minutes on the computer comparing rates to find out which insurance company has affordable insurance quotes. Rate comparisons can be done by following the guidelines below.

  • The single most time-saving way to get quotes would be an industry-wide quote request form like this one (opens in new window). This type of form saves time by eliminating a different quote for each company. Filling out one form will return quotes from car insurance companies with the best prices. It’s definitely the quickest method.
  • A less efficient way to find better pricing is spending the time to visit the website for each individual company and repeat the quote process again and again. For sake of this example, we’ll assume you are doing a rate comparison from Farmers, State Farm and Liberty Mutual. You would need to spend time on each company’s site and enter your policy data, which can be really labor intensive.

    For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but do your best to enter equivalent coverages for each comparison quote. If you are comparing unequal deductibles or liability limits you will not be able to decipher which rate is best.

Informed drivers know how to buy car insurance at a discount

Lots of things are part of the equation when you get your auto insurance bill. Some are obvious such as your driving history, but other criteria are less obvious like your vehicle usage and annual miles driven.A large part of saving on car insurance is knowing the factors that play a part in calculating car insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with big savings.

The itemized list below are some of the most common factors car insurance companies consider when setting premiums.

  • More mileage equals more premium – The higher the miles on your Volvo every year the higher your rate. A lot of companies charge to insure your cars based on how the vehicle is used. Cars used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Verify your car insurance policy states the correct usage for each vehicle. An improperly rated V60 can cost quite a bit.
  • Females tend to be lower risk – Over the last 30 years, statistics show females are less aggressive when driving. However, this does not mean women are BETTER drivers than men. Males and females are in fender benders in similar numbers, but the male of the species have costlier accidents. Men also tend to get higher numbers of serious violations like reckless driving and DUI.
  • Driving citations drive up costs – Your driving citation history impacts your car insurance rates tremendously. Attentive drivers pay lower auto insurance prices as compared to those with violations. Getting just one driving citation may increase your cost by as much as twenty percent. Drivers with license-revoking violations such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent their license from being revoked.
  • Single vs. married – Having a spouse can actually save you money on your car insurance policy. Having a spouse generally demonstrates drivers are more mature and responsible and statistics show married couples file fewer claims.
  • Car plus home equals more savings – Some insurance companies give a discount for people who carry more than one policy in the form of a multi-policy discount. This can amount to ten percent or more. Even with this discount, it’s always a smart idea to get quotes from other companies to help guarantee you have the best rates.
  • Older drivers save more – More mature drivers are more responsible, cause fewer claims and accidents and are safer drivers.Teenage drivers have a tendency to be inattentive behind the wheel therefore car insurance rates are much higher.
  • Insurance companies don’t like frequent insurance claims – If you are the type of insured that files lots of claims you can look forward to higher premiums or even policy non-renewal. Insurance companies award discounts to drivers who are claim-free. Insurance coverage is intended to be relied upon for claims that pose a financial burden.
  • More traffic means higher claims – Living in a rural area is a positive aspect when insuring your vehicles. Fewer drivers translates into fewer accidents as well as less vandalism and auto theft. City drivers have traffic congestion and more time behind the wheel. More time on the road translates into higher accident risk.

More discounts mean lower-cost premiums

Insurance can be prohibitively expensive, but there could be significant discounts to reduce the price significantly. Some trigger automatically when you quote, but a few need to be specifically requested before they will apply.

  • College Student – Kids who are attending college without a vehicle on campus may be insured at a cheaper rate.
  • Discount for New Cars – Buying insurance on a new vehicle can get you a discount because newer models are generally safer.
  • Military Discounts – Having an actively deployed family member could mean lower rates.
  • Early Switch Discount – A few auto insurance companies allow discounts for buying a policy before your current policy expires. This can save 10% or more.
  • Student Driver Training – Teen drivers should sucessfully take a drivers education course as it can save substantially.

Don’t be shocked that some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like comp or med pay. Despite the appearance that you could get a free auto insurance policy, companies don’t profit that way. Any amount of discount should definitely cut your policy cost.

If you would like to see a list of auto insurance companies who offer auto insurance discounts, click here to view.

It’s not one size fits all

When it comes to choosing adequate coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions could help you determine whether your personal situation will benefit from professional help.

  • How high should my uninsured/underinsured coverage be in my state?
  • How do I buy GAP insurance?
  • What exactly is covered by my policy?
  • What is no-fault insurance?
  • Do I really need UM/UIM coverage?
  • Can I afford to buy a different vehicle if my 2016 Volvo V60 is totaled?
  • Am I covered when pulling a rental trailer?
  • Will I lose any money if I cancel my policy before it expires?
  • Where can I find high-risk insurance?

If you can’t answer these questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form. It’s fast, free and can provide invaluable advice.

Insurance policy coverages for a 2016 Volvo V60

Learning about specific coverages of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Liability coverage

Liability coverage protects you from damage or injury you incur to other people or property in an accident. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things such as funeral expenses, attorney fees, bail bonds, pain and suffering and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Collision insurance

This coverage covers damage to your V60 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as crashing into a building, sideswiping another vehicle, sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This coverage covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, damage from a tornado or hurricane and hitting a bird. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for expenses such as chiropractic care, dental work and ambulance fees. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Take this to the bank

Lower-priced auto insurance can be sourced on the web and with local insurance agents, and you should be comparing both to get a complete price analysis. Some auto insurance companies may not provide the ability to get a quote online and usually these smaller providers provide coverage only through independent insurance agencies.

When searching for inexpensive insurance quotes, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where an insured dropped comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. Your goal is to get the best coverage possible for the lowest cost while still protecting your assets.

Drivers change insurance companies for any number of reasons including being labeled a high risk driver, denial of a claim, questionable increases in premium and even delays in responding to claim requests. No matter why you want to switch, finding a new company is easier than you think.

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