How Much Does 1992 Volvo 960 Insurance Cost?

Expensive Volvo 960 insurance can bottom out your budget and force you to make sacrifices. Doing a rate comparison can be a smart way to make sure you’re not throwing money away.

Due to the large number of different company options, it’s difficult to find a more affordable car insurance provider.

Take advantage of with these discounts

Car insurance can cost a lot, but you might be missing out on some discounts to help offset the cost. A few discounts will be applied at the time of purchase, but a few must be requested specifically prior to getting the savings. If you do not check that you are getting every discount available, you’re just leaving money on the table.

  • Lower Rates for Military – Having an actively deployed family member can result in better prices.
  • Multiple Vehicles – Buying coverage for all your vehicles with one company may reduce the rate for each vehicle.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class if offered at their school.
  • First Accident Forgiveness – This one is not really a discount per se, but companies like GEICO and Liberty Mutual will turn a blind eye to one accident without raising rates so long as you haven’t had any claims for a specific time period.
  • E-sign Discounts – Certain companies will discount your bill up to fifty bucks just for signing your application on their website.
  • Switch and Save Discount – Some car insurance companies provide a discount for switching companies before your current expiration date. The savings is around 10%.
  • Life Insurance Discount – Select insurance companies reward you with a small discount if you purchase some life insurance in addition to your auto policy.
  • Theft Prevention System – Cars, trucks, and SUVs with anti-theft systems are less likely to be stolen and will qualify for a discount on a insurance quote.
  • Telematics Data Discounts – Drivers that enable their car insurance company to look at driving patterns by using a small device installed in their vehicle such as State Farm’s In-Drive may see discounts as long as they are good drivers.

One thing to note about discounts is that most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like comp or med pay. So when it seems like all the discounts add up to a free policy, it’s just not the way it works.

A list of companies and some of the discounts are shown below.

  • GEICO has savings for federal employee, defensive driver, multi-policy, membership and employees, five-year accident-free, seat belt use, and air bags.
  • SAFECO includes discounts for homeowner, drive less, accident prevention training, anti-theft, teen safe driver, and safe driver.
  • State Farm may offer discounts for driver’s education, accident-free, good student, anti-theft, multiple autos, good driver, and safe vehicle.
  • MetLife may have discounts that include good student, defensive driver, multi-policy, claim-free, good driver, accident-free
  • 21st Century may include discounts for anti-lock brakes, 55 and older, defensive driver, automatic seat belts, air bags, theft prevention, and early bird.
  • Progressive policyholders can earn discounts including good student, homeowner, continuous coverage, multi-policy, online quote discount, multi-vehicle, and online signing.

If you need inexpensive insurance quotes, ask every company how many discounts you can get. Some credits might not apply in your state.

How insurers calculate Volvo 960 insurance costs

It’s important that you understand some of the elements that help determine the price you pay for car insurance. If you understand what determines base rates, this enables you to make decisions that can help you get cheaper rates.

  • Too many car insurance claims and you’ll pay more – If you tend to file frequent claims, you shouldn’t be surprised to get much higher rates or policy non-renewal. Companies provide better rates to people who are claim-free. Insurance coverage is meant to be used in the event of claims that you cannot pay yourself.
  • A good credit rating can save money – Your credit rating is a large factor in your rate calculation. If your credit is lower than you’d like, you could save money insuring your 1992 Volvo 960 by improving your credit score. People with good credit tend to be better risks to insure than those with bad credit.
  • Marriage pays dividends – Getting married helps lower the price when buying car insurance. Marriage demonstrates that you tend to be more responsible it has been statistically shown that drivers who are married are more cautious.
  • Urban residents pay more – Choosing to live in areas with lower population can save you money if you are looking for the lowest rates. Fewer drivers on the road means fewer accidents in addition to fewer liability claims. People in densly populated areas regularly have more aggressive driving styles and longer commute times. More time behind the wheel means more chances of being involved in an auto accident.

Your situation helps dictate your coverage

When it comes to buying the best insurance coverage coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out if your situation will benefit from professional help.

  • Do I pay less if my vehicle is kept in my garage?
  • Do I need higher collision deductibles?
  • When would I need rental car insurance?
  • Does coverage extend to my business vehicle?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I need motorclub coverage?
  • Are my friends covered when driving my car?
  • Am I insured when driving a different vehicle?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Save $442 a year! What?

Consumers can’t escape the ads for insurance savings by companies like GEICO, State Farm and Progressive. All the companies say the same thing that people will save if you get a free insurance quote and switch to them.

How does every company cost less than your current company? Here is the trick they use.

All the different companies offer their best rates for the type of customer that makes them money. A good example of a desirable risk might have to be between the ages of 30 and 50, has no claims, and drives less than 10,000 miles a year. Anyone who fits those characteristics will get the preferred rates and is almost guaranteed to save money with a new company.

People who do not fit the requirements may be required to pay a more expensive rate with the end result being business going elsewhere. The trick is to say “customers that switch” not “everyone that quotes” can get the lowest rates when switching. That’s the way companies can make claims that they all have the best prices.

That is why drivers should get as many free insurance quotes as possible. You cannot predict which insurance company will give you lower premium rates than your current company.

Car insurance 101

Understanding the coverages of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.

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

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things like legal defense fees, medical expenses and structural damage. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers 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 is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for expenses for rehabilitation expenses, dental work, funeral costs, nursing services and prosthetic devices. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive coverages – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a bird, damage from a tornado or hurricane, hail damage and vandalism. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverages – This will pay to fix damage to your 960 resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like damaging your car on a curb, scraping a guard rail, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Smart shoppers get results

The cheapest 1992 Volvo 960 insurance can be sourced both online as well as from independent agents, and you need to price shop both so you have a total pricing picture. Some insurance providers may not provide online rate quotes and these smaller companies only sell coverage through independent agencies.

We’ve covered quite a bit of information on how to lower your 1992 Volvo 960 insurance prices. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding cheaper insurance. You may even discover the best price on insurance coverage is with a lesser-known regional company. Some small companies may only write in your state and offer lower rates compared to the large companies like Progressive or GEICO.

Helpful learning opportunities