Compare 2005 Volvo XC70 Car Insurance Rates

Finding the cheapest insurance for a Volvo XC70 can normally be a painful process, but you can learn a few tricks to save time. There are both good and bad ways to find insurance online and we’ll show you the quickest way to price shop coverage for a new or used Volvo and get the best price possible either online or from local insurance agents.

Consumers should take time to do rate comparisons on a regular basis because rates go up and down regularly. Despite the fact that you may have had the lowest premium rates for XC70 insurance a few years ago there may be better deals available now. You’ll find quite a bit of inaccurate information about insurance online, but by reading this article, you’re going to learn a lot of great tips on how to lower your insurance rates.

Insurance companies offer many types of discounts

Companies that sell car insurance don’t necessarily list every policy discount very clearly, so the list below gives a summary of both the well known as well as the least known discounts that may be available.

  • ABS and Traction Control Discounts – Cars equipped with ABS or steering control are safer to drive and the ABS can save up to 10%.
  • Homeowners Savings – Just owning your own home can save you money because owning a home shows financial diligence.
  • Discount for Life Insurance – Select insurance carriers reward you with a break if you buy some life insurance too.
  • Passive Restraints – Vehicles with factory air bags or motorized seat belts may qualify for discounts of more than 20%.
  • Claim Free – Drivers who stay claim-free can earn big discounts as compared to policyholders that have many claims.
  • Pay Now and Pay Less – By making one initial payment rather than paying in monthly installments you could save 5% or more.
  • Auto/Home Discount – When you have multiple policies with one insurance company you could get a discount of 10% to 20% off each policy.
  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less because new vehicles are generally safer.
  • Safe Driver Discount – Insureds without accidents can pay as much as 50% less for XC70 insurance than drivers with accidents.
  • Discount for Good Grades – Getting good grades may save you up to 25%. You can use this discount normally until age 25.

You should keep in mind that most of the big mark downs will not be given to all coverage premiums. A few only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A few of the larger companies and a selection of discounts are:

  • GEICO offers discounts including driver training, federal employee, good student, military active duty, air bags, and five-year accident-free.
  • MetLife has discounts for defensive driver, accident-free, good driver, good student, multi-policy, and claim-free.
  • State Farm includes discounts for good student, anti-theft, defensive driving training, Steer Clear safe driver discount, accident-free, safe vehicle, and multiple policy.
  • Progressive may include discounts for homeowner, online quote discount, multi-policy, multi-vehicle, and good student.
  • Mercury Insurance offers premium reductions for multi-car, annual mileage, ease of repair, anti-theft, accident-free, and professional/association.
  • 21st Century discounts include defensive driver, early bird, anti-lock brakes, homeowners, automatic seat belts, and good student.
  • Allstate offers discounts for anti-theft, auto/life discount, passive restraint, good payer, multi-policy, senior citizen, and new car.

If you need lower rates, check with each company or agent to apply every possible discount. Some credits may not apply to policies everywhere. To see companies that have a full spectrum of discounts, click this link.

How to compare car insurance rate quotes

Getting a cheaper price on 2005 Volvo XC70 insurance is pretty simple and can save money. The only thing you need to do is take the time comparing free car insurance quotes from different insurance companies. Insurance prices can be quoted by using one of the methods below.

Without a doubt, the easiest way to find the lowest comparison rates is a comparison rater form click to view form in new window. This easy form saves time by eliminating separate quotation requests for each company. Just one form gets rate comparisons from multiple companies. This is by far the quickest method.

Another way to analyze rates requires visiting the website for each individual company to complete their respective quote request forms. For example, let’s assume you want rates from USAA, Progressive and Liberty Mutual. To get each rate you have to spend time on each company’s site to enter your coverage information, which is why the first method is quicker.

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

However you get your quotes, make sure you are using identical information on every quote. If each company quotes mixed coverages you can’t possibly decipher which rate is best.

Learn how to lower your insurance premiums

The best way to find cheaper car insurance is to take a look at some of the things that aid in calculating the level of your policy premiums. If you know what impacts premium levels, this enables informed choices that can help you get much lower annual insurance costs. Many different elements are taken into consideration when you get your auto insurance bill. Some are pretty understandable like your driving record, but other criteria are more obscure such as your marital status or your vehicle rating.

The itemized list below are just a few of the factors used by insurance companies to determine your premiums.

  • Better drivers pay lower costs – Having a clean driving record can have a huge impact on auto insurance premiums. Getting just one speeding ticket could increase your next policy renewal twenty percent or more. Drivers who don’t get tickets tend to pay less for car insurance than people who have multiple driving citations. Drivers who have received serious tickets like DUI or reckless driving might be required by their state to maintain a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
  • Poor credit decisions can cost you – Having a bad credit score will be a significant factor in determining what you pay. People with good credit tend to file fewer claims and have better driving records than drivers with lower credit ratings. If your credit history can be improved, you may save money insuring your 2005 Volvo XC70 if you clean up your credit.
  • Prevent car insurance policy lapses – Allowing your coverage to lapse can be a fast way to bump up your car insurance costs. Not only will you pay more, not being able to provide proof of insurance will get you fines and jail time. You may then be required to file a SR-22 with your state DMV.
  • Safer vehicles are cheaper to insure – Cars with five star safety ratings tend to be cheaper to insure. Vehicles built for safety reduce occupant injuries and lower injury rates translates into savings for insurance companies and cheaper rates on your policy.

Do I just need basic coverages?

When it comes to choosing the best insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s situation is a little different.

For example, these questions could help you determine if your insurance needs might need professional guidance.

  • When should my teen driver be added to my policy?
  • How can I find cheaper teen driver insurance?
  • Why do I only qualify for high-risk insurance?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I waive the damage coverage when renting a car?
  • At what point should I drop full coverage?
  • What can I do if my company denied a claim?
  • Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and can provide invaluable advice.

Insurance coverage specifics

Knowing the specifics of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Liability

This can cover injuries or damage you cause to other’s property or people. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle 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 commonly see values of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims such as legal defense fees, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Medical costs insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses for nursing services, doctor visits and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Volvo XC70.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, hail damage and falling objects. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Online plus local equals savings

The cheapest 2005 Volvo XC70 insurance can be sourced both online and with local insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not offer the ability to get quotes online and many times these small insurance companies work with independent agents.

As you prepare to switch companies, don’t be tempted to reduce needed coverages to save money. In many cases, an insured dropped collision coverage only to discover later that the small savings ended up costing them much more. Your objective should be to find the BEST coverage for the lowest cost, but do not skimp to save money.

Drivers leave their current company for many reasons like not issuing a premium refund, high rates after DUI convictions, questionable increases in premium and poor customer service. Regardless of your reason, finding a great new company is not as hard as you think.

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