Lower Your 1991 Volvo 740 Insurance Quotes

Finding low cost rates on insurance coverage can seem to be quite difficult for drivers who have little experience online insurance quotes. When there are so many companies competing online, it can turn into a big hassle to lower your prices.

It is always a good idea to compare premium rates yearly since insurance prices are variable and change quite frequently. Even if you think you had the best quotes on 740 insurance last year you may be paying too much now. There is too much inaccurate information about insurance coverage online, but by reading this article, you’re going to learn some tested techniques to lower your insurance coverage premiums.

First Step: Get free insurance quotes

Comparing insurance rates is a ton of work if you don’t utilize the best way to get rate quotes. You can spend countless hours driving to local insurance agents in your area, or you can stay home and use the web to get pricing more quickly.

Most major companies take part in a program that enables customers to only type in their quote data once, and each participating company then returns a price quote based on that information. This system prevents you from having to do quotation requests to every company.

To get comparison pricing now click here to open in new window.

The one downside to doing it this way is buyers cannot specifically choose the companies you want to price. If you prefer to choose specific providers for rate comparison, we have assembled a list of companies who write insurance in your area. Click to view list.

Whichever way you choose to compare rates, try to use the exact same coverage limits and deductibles for each quote you get. If you enter mixed coverages it’s not possible to make a fair rate comparison. Having just a slight variation in coverages could skew the results. And when comparing insurance rates, know that comparing all the rates in your area will improve the odds of getting more affordable rates.

Which policy gives me the best coverage?

When choosing adequate coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions can help discover whether or not you will benefit from professional help.

  • Should I sign the liability waiver when renting a car?
  • When should I remove comp and collision on my 1991 Volvo 740?
  • How much can I save by bundling my policies?
  • What is the difference between comprehensive and collision coverage?
  • Which is better, split liability limits or combined limits?
  • Does liability extend to a camper or trailer?
  • What can I do if my company won’t pay a claim?
  • Do I have coverage when pulling a U-Haul trailer?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Coverages available on your auto insurance policy

Understanding the coverages of your policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hitting a deer, a tree branch falling on your vehicle, hitting a bird and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision protection

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

Collision coverage protects against things like scraping a guard rail, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability car insurance

Liability insurance protects you from damage that occurs to other’s property or people that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like pain and suffering, medical services and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Volvo 740.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as surgery, hospital visits, chiropractic care, pain medications and dental work. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay