1992 Volvo 240 Insurance Rates

Are you tired of not being able to scrape enough together each month for car insurance? You are in the same boat as many other consumers. Having so many companies to choose from, it can be challenging to pick the best car insurance provider.

Buying car insurance is not that difficult. If you have insurance now or are looking for a new policy, you can learn to reduce the price you pay while maximizing coverage. Vehicle owners just need to learn the most efficient way to compare rates online.

How to compare auto insurance rate quotes

Performing a rate comparison can be a daunting task if you aren’t aware of the fastest way to get free quotes. You can waste hours discussing policy coverages with insurance companies in your area, or you could save time and use online quoting to quickly compare rates.

Many insurance companies participate in an industry program where insurance shoppers submit one quote, and each company returns a competitive quote based on the submitted data. This prevents consumers from doing form submissions for every auto insurance company.

To find out how much you can save on auto insurance click here to start a free quote.

The single downside to comparing rates this way is you don’t know exactly which companies to get pricing from. If you wish to select from a list of companies to compare rates, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but ensure you’re using apples-to-apples information for each quote you get. If each company quotes mixed coverages you can’t possibly truly determine the lowest rate.

Tailor your car insurance coverage to you

When it comes to choosing the best car insurance coverage, there is no cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help highlight whether you would benefit from professional advice.

  • When should I remove comp and collision on my 1992 Volvo 240?
  • Should I get collision insurance on every vehicle?
  • Does my policy cover my teen driver if they drive my company car?
  • Is my Volvo 240 covered if I use it for business?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does my 1992 Volvo 240 qualify for pleasure use?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Auto insurance coverage information

Understanding the coverages of your insurance policy aids in choosing 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. Shown next are typical coverages found on most insurance policies.

Collision – Collision coverage covers damage to your 240 from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as sustaining damage from a pot hole, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 1992 Volvo 240.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverage – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hitting a deer, damage from getting keyed, falling objects and a broken windshield. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical payments coverage and PIP – Med pay and PIP coverage pay for short-term medical expenses like prosthetic devices, X-ray expenses, doctor visits, EMT expenses and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

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

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability can pay for things like pain and suffering, structural damage, court costs and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.