Lower Your 2006 Volvo V50 Insurance Quotes

Searching for cheaper insurance rates for your Volvo V50? Car owners not familiar with shopping for auto insurance online will discover purchasing cheap insurance is nearly impossible.

It is always a good idea to do price comparisons periodically because rates change quite often. If you had the best premium rates for V50 coverage last year you will most likely find a better price today. Block out anything you think you know about insurance because you’re about to learn one of the quickest ways to find better coverage at a better price.

If you have car insurance now, you will most likely be able to reduce your rates substantially using this strategy. The purpose of this post is to help educate you on the most effective way to quote insurance. Nevertheless, drivers do need to know how big insurance companies determine prices and apply this information to your search.

The cheapest auto insurance quotes online

To find the best auto insurance quotes, there are several ways to compare rate quotes from many different insurance companies. One of the best ways to find competitive 2006 Volvo V50 insurance rates is to get quotes online. This is quite simple and can be completed in just a few minutes using one of these methods.

  • Probably the best way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This form keeps you from doing repetitive form submissions to each individual auto insurance company. In just a few minutes this one form will get you rate comparisons from multiple companies. Just one form and you’re done.
  • A slightly less efficient method to compare prices requires a visit to each individual company website to request a price quote. For sake of this example, we’ll assume you want to compare Progressive, Allstate and GMAC. To get rate quotes you would need to go to every website to enter the same coverage data repeatedly, which can get old fast. To view a list of companies in your area, click here.

Compare rates however you want, just make darn sure you compare nearly identical coverage data for each comparison quote. If you use different values for each quote it’s not possible to make a fair rate comparison. Having just a slight variation in limits may result in a large different in cost. It’s important to know that more quotes increases your odds of finding more affordable rates. Not every company does quotes online, so you should also compare price quotes from them, too.

Get cheaper auto insurance rates with discounts

Auto insurance companies do not advertise all available discounts very clearly, so the list below details some of the more common and also the more inconspicuous discounts that may be available. If you check and find you aren’t receiving every discount available, you could be getting lower rates.

  • Data Collection Discounts – People who choose to allow their insurance company to spy on vehicle usage by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if they have good driving habits.
  • Discount for Low Mileage – Driving fewer miles could qualify for slightly better premium rates than normal.
  • Savings for New Vehicles – Buying a new car instead of a used car can be considerably cheaper since new model year vehicles have better safety ratings.
  • Safety Restraint Discount – Drivers who require all occupants to buckle their seat belts can save up to 15% off the medical payments premium.
  • Distant College Student Discount – Kids who live away from home to go to college and leave their car at home can receive lower rates.
  • Claim Free – Insureds who avoid accidents and claims have much lower rates as compared to policyholders that have many claims.
  • Auto/Home Discount – If you combine your home and auto policies with the same company you will save as much as 10 to 15 percent.
  • Sign Online – Many auto insurance companies will give a small break shop insurance digitally online.
  • Drive Safe and Save – Insureds without accidents can save as much as half off their rates for V50 coverage than drivers with accident claims.

As a footnote on discounts, some of the credits will not apply the the whole policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of companies with discount rates, click here.

Why you might pay lower rates

Multiple criteria are taken into consideration when you quote your car insurance policy. Most are fairly basic such as your driving history, but other factors are less obvious such as whether you are married or your commute time.Smart consumers have a good feel for some of the factors that come into play when calculating the rates you pay for insurance. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could help you find better insurance rates.

The items below are some of the things utilized by car insurance companies to help set your prices.

  • Men drivers tend to cost more – The statistics show that females take fewer risks when driving. The data does not necessarily mean that females are better at driving than males. Both sexes tend to get into accidents at about the same rate, but males cause more damage and cost insurance companies more money. Not only that, but men also get more serious tickets like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents and are penalized with high insurance rates.
  • Driver age impacts premiums – Older people are proven to be safer behind the wheel, file fewer claims and tend to be get fewer driving tickets.Beginning drivers tend to be inattentive when driving with friends so insurance rates are higher.
  • Safeguard your assets with liability – The liability coverage on your policy will provide protection in the event that you are determined to be liable for damages from an accident. This coverage provides legal defense starting from day one. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so buy as much as you can afford.
  • Do you work long hours in a stressful occupation? – Did you know your career choice can influence rates? Careers like real estate brokers, architects and accountants usually pay higher rates than average attributed to intense work situations and extremely grueling work hours. Other occupations like scientists, engineers and homemakers get better rates for V50 coverage.
  • Raise coverage deductibles and save – Deductibles for physical damage define the amount you are willing to pay if the claim is covered. Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your car. Some coverage claims would be a windshield broken by a bird, damage from fire, and having a roll-over accident. The more expense you are required to pay out-of-pocket, the lower your rates will be for V50 coverage.
  • Pay more if you have a long commute – Living in a small town is a positive aspect when buying insurance. Residents of big cities have more auto accidents and higher rates of accident claims. Less people means a lower chance of having an accident in addition to fewer liability claims.
  • Bundling policies can get discounts – Lots of insurance companies give a discount to clients who consolidate policies with them such as combining an auto and homeowners policy. The amount of the discounts can be five, ten or even twenty percent. Even though this discount sounds good, you may still want to compare other company rates to help guarantee you have the best rates. Consumers may save more without the discount by buying insurance from a different company.
  • Where do you drive? – The more you drive each year the more you will pay for insurance. Many insurance companies charge rates based on their usage. Cars that have low annual miles qualify for better rates than those used for commuting. Incorrect rating for your V50 is just wasting money. It’s always a good idea to double check that your policy reflects how each vehicle is driven, because improper ratings can cost you money.

Tailor your insurance coverage to you

When buying the right insurance coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

  • I don’t drive much so do I pay less?
  • Do I have newly-aquired coverage?
  • Is motorclub coverage worth it?
  • Does insurance cover damages from a DUI accident?
  • Is a blown tire covered by insurance?
  • Can I get a multi-policy discount?
  • How does medical payments coverage work?
  • Exactly who is provided coverage by my policy?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form.

Big names are not always cheapest

Car insurance companies such as State Farm and Allstate regularly use ads on TV and radio. They all seem to convey the message about how much you will save just by moving to them. How does every car insurance company lower your rates? It’s all in how they say it.

Companies offer their best rates for the type of driver that will most likely be profitable. One example of a preferred risk could be a mature driver, owns a home, and drives a car with an anti-theft system. A driver who fits that profile will get the preferred prices and therefore will cut their rates if they switch.

Insureds who cannot meet these criteria may be forced to pay more expensive rates which usually ends up with the driver buying from a lower-cost company. If you listen closely, the ads state “people that switch” not “everyone that quotes” can save as much as they claim. That’s why companies can truthfully lure you into getting a quote.

This really drives home the point why drivers must quote coverage with many companies. You cannot predict which car insurance company will give you the biggest savings.

Insurance policy specifics

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Liability auto insurance – Liability insurance can cover injuries or damage you cause to people or other property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like structural damage, loss of income, repair costs for stationary objects and court costs. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Insurance for medical payments – Med pay and PIP coverage pay for short-term medical expenses for chiropractic care, nursing services, dental work and X-ray expenses. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision coverage will pay to fix damage to your V50 from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as rolling your car, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your 2006 Volvo V50.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like falling objects, hitting a deer, vandalism, hitting a bird and fire damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Shop smart and save

As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where someone dropped comprehensive coverage or liability limits to discover at claim time that it was a big error on their part. Your goal is to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.

Budget-conscious 2006 Volvo V50 insurance can be sourced online and with local insurance agents, so get free insurance quotes from both of them so you have a total pricing picture. There are still a few companies who may not offer the ability to get a quote online and many times these regional insurance providers prefer to sell through independent insurance agencies.

Drivers change insurance companies for many reasons like policy non-renewal, delays in paying claims, not issuing a premium refund or being labeled a high risk driver. No matter why you want to switch, switching companies can be easy and end up saving you some money.

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