1991 Volvo 940 Car Insurance Cost – 10 Tips for Cheapest Prices

Looking for the cheapest car insurance rates for your Volvo 940? Finding the cheapest insurance for a Volvo 940 can be a lot of work, but you can follow these tips to save time. There is a right way and a wrong way to compare car insurance rates and we’ll show you the best way to price shop coverage for a Volvo and get the cheapest rates.

Free car insurance price quotes

Shopping for lower car insurance rates can be a lot of work if you don’t utilize the fastest way to get free quotes. You can spend your afternoon driving to agents in your area, or you could use the internet to get prices fast.

Many insurance companies participate in a marketplace that enables customers to only type in their quote data once, and every company returns a competitive quote. This prevents consumers from doing repetitive form submissions for each company you want a rate for.

To use this form to compare rates click here to open in new window.

The one disadvantage to pricing coverage this way is you don’t know exactly which companies to get quotes from. So if you prefer to pick from a list of companies to compare rates, we have a listing of the cheapest car insurance companies in your area. View list of insurance companies.

Which method you use is up to you, but try to keep exactly the same coverage limits and deductibles on every price quote you get. If the quotes have different liability limits it’s not possible to determine which company has the best rates.

Big brands don’t always mean big savings

Drivers can’t get away from ads that claim the lowest prices from the likes of State Farm and Allstate. All the ads tend to make the same promise about saving some big amount if you just switch to them.

How is it possible that every company can make the same claim? This is the way they can do it.

Insurance coverage companies have strict underwriting profiles for the type of insured they prefer to insure. For instance, this type of risk profile might be described as married and over the age of 30, has never had a policy lapse, and drives less than 5,000 miles a year. A propective insured that matches those criteria will get a cheap rate quote and as a result will probably save if they switch.

People who cannot meet the requirements may be required to pay a higher premium which translates to the customer buying from a different company. The ads say “drivers who switch” not “everyone who quotes” will save that much if they switch. This is how insurance companies can make those statements. This really illustrates why drivers must compare quotes as often as possible. Because without a comparison, you cannot know which insurance coverage company will give you the biggest savings.

Earn discounts on insurance

Companies don’t necessarily list every discount they offer in an easy-to-find place, so the following is a list of a few of the more well known and also the lesser-known ways to save on insurance.

  • Clubs and Organizations – Belonging to a civic or occupational organization could earn you a nice discount on your bill.
  • No Accidents – Claim-free drivers pay much less compared to bad drivers.
  • Good Driver Discounts – Drivers who avoid accidents can save as much as half off their rates for 940 insurance compared to rates paid by drivers with frequent claims.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and can earn a small discount on your policy.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save a little on the premium charged for medical payments and/or PIP.
  • Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off for 940 insurance with select insurance companies.
  • Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy a life insurance policy as well.
  • Sign Online – Some insurance companies provide a small discount just for signing your application on your computer.
  • Early Payment Discounts – By paying your entire bill at once rather than paying in monthly installments you could save 5% or more.
  • Student Discount for Driver Training – It’s a good idea to have your young drivers complete a driver education course as it can save substantially.

Keep in mind that some of the credits will not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

To locate companies that offer the discounts shown above, click this link.

Tailor your insurance coverage to you

When choosing the right insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions might point out whether you might need an agent’s assistance.

  • Is my nanny covered when driving my vehicle?
  • Can I drive in Mexico and have coverage?
  • Why does it cost so much to insure a teen driver?
  • Should I drop comprehensive coverage on older vehicles?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Do I have coverage when using my vehicle for my home business?
  • Is a new car covered when I drive it off the dealer lot?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, complete this form. It’s fast, free and can help protect your family.

Specific coverage details

Knowing the specifics of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Collision coverage protection

Collision coverage covers damage to your 940 resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, colliding with a tree and crashing into a building. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Liability coverage

This will cover damage that occurs to people or other property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability can pay for claims like attorney fees, medical expenses and legal defense fees. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1991 Volvo 940.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, falling objects and hitting a deer. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Med pay and PIP coverage pay for bills for dental work, prosthetic devices and surgery. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Final considerations

As you prepare to switch companies, never sacrifice coverage to reduce premiums. There have been many situations where an insured cut comprehensive coverage or liability limits to discover at claim time they didn’t purchase enough coverage. Your aim should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

In this article, we presented a lot of ways to compare 1991 Volvo 940 insurance auto insurance rates online. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the most savings is with some of the smallest insurance companies.

Cheaper 1991 Volvo 940 insurance is available from both online companies in addition to local insurance agencies, and you should compare rates from both to have the best rate selection. Some car insurance companies do not provide online rate quotes and usually these smaller providers sell through independent agents.

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