1998 Volvo V70 Car Insurance Rates – 9 Ideas for Cheapest Quotes

Want lower insurance rates for your Volvo V70? Are you regretting buying an expensive insurance policy? Don’t feel bad because many consumers feel financially strained by their insurance policy.

Many insurers vie for your hard-earned dollar, so it’s not easy to compare every provider to find the lowest rate possible.

If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. Buying car insurance is quite easy. But car owners do need to learn how the larger insurance companies sell insurance online and use this information to your advantage.

Ways to get car insurance quotes

When looking for low cost car insurance quotes, there are a couple ways to compare prices from car insurance companies in your area. The best way to find cheaper 1998 Volvo V70 rates is to perform an online rate comparison. This can be done in a couple of different ways.

  • If you don’t have a lot of time, the easiest way to get the best comparison quotes is a comparison rater form like this one (opens in new window). This type of form eliminates the need for repetitive form submissions for each price estimate. A single, simple form gets prices estimates direct from many companies.
  • A more time consuming way to get quotes online requires a visit to the website for every company you want to comare and get a separate price quote. For instance, we’ll pretend you are doing a rate comparison from Liberty Mutual, Progressive and GEICO. To do that, you would have to go to every website and enter your policy data, which is why the first method is quicker.

    For a list of companies in your area, click here.

  • The last method to compare rates is to waste gas driving to and from local insurance agencies. Comparing rates online reduces the need to sit down with an agent unless you want the professional abilities that only a licensed agent can provide. However, consumers can comparison shop online and get advice from an agent in your area.

You can use whichever method you prefer to find lower rates, just make sure you are using apples-to-apples coverage data with every price quote. If the quotes have different data it will be nearly impossible to make a fair rate comparison. Just slight variations in insurance coverages or limits could throw off the whole comparison. And when comparison shopping, comparing a wide range of rates will enable you to find lower pricing.

Get lower-cost insurance coverage with discounts

Some insurance providers don’t always advertise every possible discount very clearly, so the next list breaks down some of the more common and also the more inconspicuous credits available to lower your premiums when you buy car insurance online.

  • Discount for Low Mileage – Maintaining low annual mileage may allow you to get discounted insurance coveragerates on garaged vehicles.
  • Theft Deterent – Cars optioned with advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Early Signing – Some companies reward drivers for buying a policy early. You can save around 10% with this discount.
  • Own a Home and Save – Owning a home can get you a discount because owning a home shows financial diligence.
  • Federal Employees – Active or retired federal employment can save as much as 8% on V70 coverage with certain companies.
  • Clubs and Organizations – Affiliation with qualifying clubs or civic groups could qualify you for a break on your next insurance coverage statement.
  • Multi-line Discount – Larger insurance companies have a discounted premium rate on car insurance if you buy some life insurance in addition to your auto policy.
  • Anti-lock Brakes – Vehicles with ABS and/or traction control can reduce accidents and the ABS can save up to 10%.
  • Save over 55 – Drivers that qualify as senior citizens may receive a small discount on rates on V70 coverage.

Consumers should know that most discounts do not apply to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. Despite the appearance that you could get a free insurance coverage policy, nobody gets a free ride. But all discounts will definitely lower your policy premiums.

Car insurance companies that may offer quotes with most of the discounts above may include but are not limited to:

Before buying, ask each company or agent how you can save money. Some of the discounts discussed earlier might not be offered on policies in your area. If you would like to see a list of providers with discount insurance coverage rates, click here.

Tailor your car insurance coverage to you

When buying adequate coverage, there isn’t really a “best” method to buy coverage. Each situation is unique and your policy should reflect that. For instance, these questions may help highlight whether or not you may require specific advice.

  • Which is better, split liability limits or combined limits?
  • Does my liability insurance cover pulling a trailer or camper?
  • Should I buy additional glass protection?
  • What are the best liability limits?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Is my nanny covered when driving my vehicle?
  • What happens if I owe more than my 1998 Volvo V70 is worth?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to 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.

Coverages available on your policy

Learning about specific coverages of your auto insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average auto insurance policy.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as funeral costs, doctor visits, dental work and prosthetic devices. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Collision insurance

Collision coverage will pay to fix damage to your V70 from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like sustaining damage from a pot hole, crashing into a ditch, scraping a guard rail, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive 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 then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as vandalism, fire damage and a broken windshield. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability

This protects you from damage or injury you incur to people or other property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as loss of income, structural damage and medical expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

A penny saved is a penny earned

When getting car insurance quotes online, it’s very important that you do not reduce coverage to reduce premium. There are too many instances where an insured dropped liability limits or collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to find the BEST coverage for the lowest cost while still protecting your assets.

We just presented a lot of information how to lower your 1998 Volvo V70 insurance rates. The key concept to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the best rates are with some of the smallest insurance companies. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.

Some insurance providers may not have online price quotes and many times these regional carriers provide coverage only through local independent agents. Low-cost 1998 Volvo V70 insurance can be sourced online and from local insurance agents, so compare prices from both so you have a total pricing picture.

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