1990 Volvo 240 Car Insurance Cost – 8 Tips for Best Prices

Looking for cheaper insurance rates? Shoppers have many options when shopping for the lowest priced Volvo 240 insurance. They can either spend hours struggling with agents getting price quotes or utilize the internet to make rate comparisons.

There are more efficient ways to compare insurance rates and we’ll show you the best way to quote coverages for a new or used Volvo and obtain the lowest price from both online companies and local agents.

You should take the time to check insurance prices at least once a year since insurance prices trend upward over time. Even if you got the lowest rates for 240 insurance on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re about to learn the proper way to buy cheaper insurance.

This article will teach you how car insurance quotes work and some tricks to saving. If you currently have car insurance, you will be able to reduce your rates substantially using these methods. Consumers just need to know the tricks to compare rates online.

Buy insurance coverage online

There are a lot of ways to shop for insurance coverage, but some are less labor-intensive and much quicker. You can waste hours discussing policy coverages with local insurance agents in your area, or you could save time and use the internet to accomplish the same thing much quicker.

Many insurance companies participate in an industry program where prospective buyers send in one quote, and every company can provide price quotes. This eliminates the need for quote requests to each individual insurance coverage company.

To access this free quoting program, click here (opens in new window).

The one downside to pricing coverage this way is you are unable to specify the insurers to get quotes from. So if you want to choose individual companies to receive pricing from, we have a page of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but do your best to enter equivalent coverage information for each quote you get. If the quotes have different limits and deductibles on each one it will be very difficult to find the best deal for your Volvo 240.

It’s not one size fits all

When it comes to choosing proper insurance coverage, there isn’t really a single plan that fits everyone. Each situation is unique.

For instance, these questions may help highlight if your insurance needs would benefit from an agent’s advice.

  • What can I do if my company denied a claim?
  • Is my camper covered by my car insurance policy?
  • What is the ISO rating for a 1990 Volvo 240?
  • Are my friends covered when driving my car?
  • Do I have coverage when using my vehicle for my home business?
  • Do I need replacement cost coverage on my 1990 Volvo 240?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.

What auto insurance coverages do you need?

Learning about specific coverages of your auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

This can cover damages or injuries you inflict on other people or property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims like bail bonds, court costs and medical services. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for things like hospital visits, funeral costs, X-ray expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as falling objects, hail damage, damage from getting keyed, vandalism and fire damage. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision coverage protection

This coverage covers damage to your 240 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as hitting a mailbox, hitting a parking meter and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.