1994 Volvo 850 Car Insurance Rates – 7 Savings Tips

Trying to find the cheapest insurance rates for your Volvo 850? Have you finally had enough of robbing Peter to pay Paul to insure your Volvo every month? You are no different than most other vehicle owners. Big-name insurance companies like State Farm and GEICO all promote huge savings with advertising and consumers find it hard to sift through the bull and find the best price available.

If you have a current auto insurance policy or are shopping for new coverage, you will benefit by learning to find better prices while maintaining coverages. Finding the best rates is not rocket science. Vehicle owners just need to know how to compare prices over the internet.

Get affordable insurance with discounts

Some providers do not advertise every available discount in a way that’s easy to find, so below is a list both the well known and also the lesser-known ways to save on insurance.

  • ABS Braking Discount – Cars and trucks equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Telematics Discount – Insureds that choose to allow companies to track when and where they use their vehicle by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm may see discounts if they have good driving habits.
  • Paperless Signup – A few larger online companies will provide an incentive for completing your application on your computer.
  • Bundled Policy Discount – If you have multiple policies with one company they may give you a discount of up to 20% and get you cheap insurance coverage.
  • New Car Discount – Buying insurance coverage on a new vehicle can save up to 30% due to better safety requirements for new vehicles.
  • Seat Belt Usage – Forcing all vehicle occupants to buckle up can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
  • Military Rewards – Being on active deployment in the military could be rewarded with lower rates.

You can save money using discounts, but most of the big mark downs will not be given the the whole policy. Most only reduce individual premiums such as comprehensive or collision. If you do the math and it seems like you would end up receiving a 100% discount, that’s just not realistic.

A few companies that may offer policyholders these benefits include:

Before buying, ask each company which credits you are entitled to. Savings might not be available to policyholders in your area. If you would like to see a list of companies that offer discounts, follow this link.

Compare insurance price quotes

The majority of larger companies allow you to get prices on their websites. Getting online quotes doesn’t take a lot of time because it’s just a matter of typing in the amount of coverage you want into the form. Behind the scenes, their quoting system will obtain reports for credit and driving violations and generates a price based on these factors. This makes comparing rates easy, but having to visit a lot of sites and fill out multiple forms is repetitive and time-consuming. But it’s absolutely necessary to have as many quotes as possible if you want to get the lowest price.

There is a better way!

The smarter way to lower your insurance bill uses one form that gets price quotes from multiple companies. This type of form saves time, eliminates repetitive work, and makes quoting online much more enjoyable and efficient. After sending your information, it is quoted and you can select any one of the pricing results. If you find a better price you can click and sign and buy the policy. It can be completed in a matter of minutes and may save quite a bit of money.

To compare rates using this form now, click here to open in a new tab and submit the form. If you currently have coverage, we recommend you complete the form with the limits and deductibles just like they are on your policy. This way, you will have a rate comparison for similar insurance coverage.

Tailor your auto insurance coverage to you

When buying proper insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that may help highlight if your insurance needs might need an agent’s assistance.

  • Is a new car covered when I drive it off the dealer lot?
  • What are the best liability limits?
  • Is my trailer covered?
  • What is medical payments coverage?
  • Does insurance cover damages from a DUI accident?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I need rental car coverage?
  • Am I covered when driving in Canada or Mexico?
  • Do I need replacement cost coverage on my 1994 Volvo 850?
  • Does coverage extend to my business vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance coverage specifics

Knowing the specifics of car insurance helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages found on the average car insurance policy.

Comprehensive coverages

This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hitting a deer, hail damage, damage from flooding and hitting a bird. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured and underinsured coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your Volvo 850.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Collision protection

This coverage will pay to fix damage to your 850 resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, rolling your car, damaging your car on a curb, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Med pay and PIP coverage provide coverage for expenses such as EMT expenses, surgery, ambulance fees and nursing services. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability coverage

This coverage provides protection from damage or injury you incur to a person or their property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as funeral expenses, repair costs for stationary objects, medical expenses, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Final considerations

As you restructure your insurance plan, it’s very important that you do not reduce needed coverages to save money. In too many instances, drivers have reduced comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.

We just presented many ways to get a better price on 1994 Volvo 850 insurance. It’s most important to understand that the more quotes you get, the better your chances of lowering your rates. Drivers may discover the best price on car insurance is with a small local company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.

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