Save on 2016 Volvo XC70 Insurance Rates

Finding low cost insurance coverage could be very difficult for drivers who are beginners to shopping for insurance online. Because there are so many companies in the marketplace, it can easily become a real challenge to find a more affordable company.

Finding the best rates is not that difficult. Just about every vehicle owner who is shopping for insurance will most likely be able to find better rates. Although vehicle owners do need to know how insurance companies market insurance on the web and apply this information to your search.

Save a ton by taking advantage of discounts

Some insurance providers don’t always publicize their entire list of discounts very well, so here is a list a few of the more common and the more hidden credits available to bring down your rates.

  • Good Student Discount – Performing well in school may save as much as 25% on a car insurance quote. You can use this discount normally until age 25.
  • Use Seat Belts – Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you can avoid the installment charge.
  • Organization Discounts – Affiliation with specific professional or occupational memberships or organizations could qualify you for a break on your policy.
  • Safety Course Discount – Passing a safe driver course could save 5% or more depending on where you live.

A quick disclaimer, most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, it just doesn’t work that way.

A few popular companies and a summarized list of policyholder discounts can be found below.

  • American Family offers premium reductions for TimeAway discount, bundled insurance, early bird, air bags, and defensive driver.
  • State Farm may have discounts that include Drive Safe & Save, safe vehicle, accident-free, anti-theft, and multiple autos.
  • 21st Century has discounts for automatic seat belts, homeowners, defensive driver, 55 and older, early bird, air bags, and anti-lock brakes.
  • Travelers has savings for student away at school, good student, payment discounts, driver training, and early quote.
  • Geico offers discounts including defensive driver, good student, driver training, seat belt use, five-year accident-free, and military active duty.

If you want cheaper car insurance quotes, ask all companies you are considering to give you their best rates. Savings may not apply in your area. For a list of car insurance companies with the best car insurance discounts, click this link.

Insurance premium influencing factors

An important part of buying insurance is that you know a few of the rating criteria that help calculate the price you pay for insurance coverage. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that could result in lower premium levels.

The items below are just a few of the factors that factor into rates.

  • Safer cars mean better prices – Safe vehicles tend to be cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and reduced instances of injuries means your insurance company pays less and cheaper rates on your policy.
  • GPS tracking and theft deterrents reduce insurance coverage rates – Selecting a car model with anti-theft technology or alarm system can earn a premium discount. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent vehicle theft.
  • Policy add-ons may be wasting money – There are quite a few additional coverages that you can buy if you don’t pay attention. Coverages like roadside assistance, high-cost glass coverage, and membership fees may not be needed and are just wasting money. The coverages may be enticing when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Safeguard your assets with liability insurance – Liability insurance kicks in if you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Females tend to take less risk – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean women are BETTER drivers than men. Men and women get in fender benders at a similar rate, but guys get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations like DUI and reckless driving. Male teenagers are most likely to cause an accident and therefore pay the highest rates.
  • Better rates for uninterrupted coverage – Driving with no insurance is a misdemeanor and you will pay a penalty because you let your insurance lapse for non-payment. In addition to paying higher rates, not being able to provide proof of insurance could earn you fines or a revoked license.
  • Age of drivers – More experienced drivers are shown to be more cautious, tend to cause fewer accidents and tend to be get fewer driving tickets.Teenage drivers are proven to be careless and easily distracted behind the wheel therefore insurance coverage rates are much higher.
  • Drivers with high credit save on insurance coverage – Credit history is likely to be a major factor in determining what you pay for insurance coverage. If your credit leaves room for improvement, you could pay less to insure your 2016 Volvo XC70 if you improve your credit rating. People with high credit ratings tend to be less risk to insure than those with worse credit.

How much auto insurance do I need?

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions may help highlight whether you might need an agent’s assistance.

  • Is there coverage for injuries to my pets?
  • Are rental cars covered under my policy?
  • Should I buy more coverage than the required minimum liability coverage?
  • How can I get my company to pay me more for my totalled car?
  • Is rental equipment covered for theft or damage?
  • Does my 2016 Volvo XC70 qualify for pleasure use?
  • Why does it cost so much to insure a teen driver?
  • Am I covered by my spouse’s policy after a separation?
  • What can I do if my company won’t pay a claim?
  • Is my vehicle covered by my employer’s policy when using it for work?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form.

Insurance advertising tricks

Insurance coverage providers like Progressive, Allstate and Geico regularly use television, radio, and online ads. All the companies state the claim that you’ll save big if you change your insurance coverage policy to them. How can each company cost less than your current company? It’s all in the numbers.

Most companies have specific characteristics for the type of customer that earns them the highest profit. A good example of a profitable risk profile might be described as a married male, has a clean driving record, and the vehicle is rated for pleasure use. Any customer that meets those criteria receives the best prices and therefore will save money with a new company.

Drivers who don’t measure up to the requirements may be required to pay a more expensive rate and this results in the driver buying from a lower-cost company. If you pay attention, the ads say “customers who switch” not “everyone who quotes” save the amount stated. That is how companies can truthfully make it sound like they have such great car insurance rates. This emphasizes why you absolutely need to compare free car insurance quotes often. It’s not possible to predict which insurance companies will have the best rates for your profile.

Auto insurance coverages

Having a good grasp of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Uninsured and underinsured coverage

This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Volvo XC70.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses like hospital visits, X-ray expenses, rehabilitation expenses, surgery and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like a broken windshield, damage from getting keyed, hitting a deer and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for collisions

This coverage pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as crashing into a building, sideswiping another vehicle, rolling your car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Coverage for liability

This coverage will cover injuries or damage you cause to other’s property or people by causing an accident. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like repair costs for stationary objects, repair bills for other people’s vehicles, structural damage, legal defense fees and medical services. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Never pay more for less

Drivers switch companies for many reasons like high prices, delays in responding to claim requests, unfair underwriting practices and denial of a claim. No matter why you want to switch, finding a great new company can be easier than you think.

Some companies do not offer the ability to get quotes online and usually these regional carriers provide coverage only through independent agencies. Low-cost 2016 Volvo XC70 insurance can be purchased on the web as well as from independent agents, so compare prices from both to have the best chance of lowering rates.

We just showed you quite a bit of information on how to shop for 2016 Volvo XC70 insurance online. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the best car insurance rates are with a smaller regional carrier.

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