Cheaper 2001 Volvo V40 Car Insurance Quotes

Want lower car insurance rates for your Volvo V40? Did you fall for a flashy sales pitch and buy an expensive car insurance policy? You’re preaching to the choir because there are many consumers feeling the pinch from expensive car insurance.

Many car insurance companies vie for your business, so it’s not easy to compare every insurer to find the lowest rate

Buy auto insurance online

When looking for low cost auto insurance quotes, there are a couple ways of comparing price quotes from many available auto insurance companies in your state. The fastest way to comparison shop is to perform an online rate comparison. This can be accomplished using a couple different methods.

The fastest way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This type of form eliminates the need for separate forms for every company. One form will return price quotes from several companies.

A more difficult way to compare rate quotes is going to each individual company website to complete their respective quote request forms. For sake of this example, let’s assume you want rates from Farmers, Liberty Mutual and State Farm. To get rate quotes you would need to navigate to each company’s site and repeatedly type in your coverage information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

The old school method to quote and compare insurance rates is going to and from local insurance agencies. The ability to buy insurance online reduces the need to sit down with an agent unless you require the professional assistance of a licensed agent. You can, however, compare the best prices online but have your policy serviced through an agent.

You can use whichever method you prefer to find lower rates, just do your best to enter equivalent quote data for each comparison quote. If you compare different values for each quote it’s impossible to make a fair rate comparison. Even a minor difference in limits could mean much higher rates. Just keep in mind that quoting more helps locate the best rates. Some companies don’t provide quotes online, so you also need to get rates from the smaller companies as well.

Insurance policy discounts you can’t miss

Auto insurance companies don’t necessarily list all possible discounts very clearly, so below is a list a few of the more common and the harder-to-find ways to save on insurance.

  • Homeowners Savings – Being a homeowner can help you save on insurance since home ownership requires personal responsibility.
  • Bundled Policy Discount – If you insure your home and vehicles with one company they may give you a discount of at least 10 to 15 percent or more.
  • Driver Education Discount – It’s a good idea to have your young drivers successfully complete driver’s ed class if it’s offered in school.
  • Federal Employees – Active or retired federal employment could qualify for a slight premium decrease on V40 coverage but check with your company.
  • Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts can qualify for discounts of 25 to 30%.
  • No Charge for an Accident – This isn’t a discount exactly, but some insurance companies allow you one accident before hitting you with a surcharge with the catch being you have to be claim-free for a particular time prior to the accident.
  • Seat Belts Save – Drivers who require all vehicle occupants to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as comp or med pay. If you do the math and it seems like all those discounts means the company will pay you, companies don’t profit that way.

A partial list of companies that may offer quotes with most of these discounts possibly include:

Before buying, ask all companies you are considering how you can save money. Savings might not be offered on policies in every state. To find insurers with the best discounts, click here.

Insurance agents can help

When it comes to choosing proper insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether you would benefit from professional advice.

  • Should I drop comprehensive coverage on older vehicles?
  • Are my friends covered when driving my 2001 Volvo V40?
  • How can I find cheaper teen driver insurance?
  • How much liability do I need to cover my assets?
  • What can I do if my company denied a claim?
  • What companies insure drivers after a DUI or DWI?
  • Why am I required to buy high-risk coverage?
  • If my pet gets injured in an accident are they covered?
  • How do I buy GAP insurance?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.

The coverage is in the details

Knowing the specifics of a insurance policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types available from insurance companies.

Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently these limits are identical to your policy’s liability coverage.

Collision coverage – Collision coverage covers damage to your V40 resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like damaging your car on a curb, crashing into a ditch, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for rehabilitation expenses, pain medications, surgery, prosthetic devices and X-ray expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability – This can cover damage or injury you incur to a person or their property. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things like bail bonds, attorney fees, medical expenses and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, a broken windshield and hitting a deer. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.