2006 Volvo XC70 Insurance Cost – 10 Discounts for Best Prices

Want better auto insurance rates for your Volvo XC70? Scraping up a payment for expensive Volvo XC70 insurance can empty your savings and require stricter spending habits. Getting a rate comparison is free and is an excellent way to lower your bills every month.

There are many auto insurance companies to purchase coverage from, and though it is a good thing to have a selection, more choices can make it harder to find the best rates.

Consumers should take time to get comparison quotes yearly because auto insurance rates change regularly. Even if you got the lowest rate on XC70 insurance on your last policy the chances are good that you can find a lower price today. Ignore everything you know about auto insurance because you’re going to get a crash course in the things you must know in order to save money, get proper coverage and the best rates.

Auto insurance policy discounts

Properly insuring your vehicles can get expensive, but companies offer discounts that can drop the cost substantially. Some of these disounts will be visible at the time of quoting, but less common discounts must be inquired about before you will receive the discount.

  • Mature Driver Discount – Older drivers may receive a slight reduction on a insurance quote on XC70 insurance.
  • Discount for Home Ownership – Just being a homeowner can save you money because of the fact that having a home demonstrates responsibility.
  • Early Switch Discount – Some larger companies provide a discount for signing up before your current policy expires. Ten percent is about the average savings.
  • Distant Student Discount – who live away from home at college and leave their car at home may be insured at a cheaper rate.
  • Multiple Policy Discount – If you combine your homeowners and auto policies with one insurance company you will save approximately 10% to 15%.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle up can save up to 15% off the PIP or medical payment premium.
  • Government Employees – Active or retired federal employment may qualify for a discount when you quote insurance on XC70 insurance depending on your company.
  • Pay Now and Pay Less – By making one initial payment instead of monthly or quarterly installments you can avoid monthly service charges.
  • New Vehicle Savings – Insuring a new car may earn a small discount due to better safety requirements for newer models.
  • Driver Safety – Completing a course that instructs on driving safety could save 5% or more and easily pay for the cost of the class.

It’s important to note that most discount credits are not given to the entire policy premium. Some only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, auto insurance companies aren’t that generous.

A few popular companies and some of the discounts are detailed below.

  • American Family may offer discounts for early bird, bundled insurance, good student, TimeAway discount, air bags, and multi-vehicle.
  • Nationwide policyholders can earn discounts including easy pay, anti-theft, multi-policy, Farm Bureau membership, defensive driving, and accident-free.
  • MetLife includes discounts for good driver, accident-free, multi-policy, good student, claim-free, defensive driver
  • 21st Century may include discounts for automatic seat belts, air bags, good student, theft prevention, and teen driver.
  • Farmers Insurance offers premium reductions for multi-car, youthful driver, alternative fuel, switch companies, and business and professional.
  • Allstate has savings for good student, early signing, eSmart discount, defensive driver, premier discount, safe driver, and anti-theft.

Before you buy a policy, ask every company which discounts you qualify for. Some of the discounts discussed earlier may not apply in your area. If you would like to see a list of companies offering auto insurance discounts, click here to view.

Tricks in insurance coverage advertising

Consumers can’t get away from ads that claim the best prices from the likes of Progressive, Allstate and GEICO. They all seem to advertise the message that drivers can save some big amount if you change to them.

But how can every company give you a better price? Just pay attention to how they say it.

Insurance coverage companies are able to cherry pick for the type of driver that earns them a profit. For instance, a profitable insured may be between the ages of 40 and 55, carries full coverage, and has a short commute. A propective insured who meets those qualifications will get low premium rates as well as save quite a bit of money when switching.

Potential customers who do not fit these stringent criteria may be forced to pay a higher rate which leads to the customer buying from a different company. The wording the ads use say “customers who switch” but not “everyone who gets a quote” save the amount stated. That’s the way insurance companies can claim big savings.

Because of the profiling, it is so important to do a quote comparison often. It’s not possible to predict which company will have better rates than you’re paying now.

How do I know if I need professional advice?

When it comes to choosing proper insurance coverage for your vehicles, there really is not a perfect coverage plan. Each situation is unique so your insurance should reflect that These are some specific questions might help in determining whether your personal situation might need professional guidance.

  • Are my tools covered if they get stolen from my vehicle?
  • Does having multiple vehicles earn me a discount?
  • Why am I required to get a high-risk car insurance policy?
  • Should I have a commercial auto policy?
  • When would I need additional glass coverage?
  • How does medical payments coverage work?
  • Should I drop comprehensive coverage on older vehicles?
  • Does my insurance cover my expensive audio equipment?

If you’re not sure about those questions but you know they apply to you then you might want to talk to 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. It is quick, free and may give you better protection.

Insurance policy coverages for a 2006 Volvo XC70

Knowing the specifics of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are typical coverage types found on the average insurance policy.

Medical expense coverage – Medical payments and Personal Injury Protection insurance pay for expenses for dental work, doctor visits and EMT expenses. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability car insurance – Liability insurance will cover damage that occurs to other people or property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like medical services, court costs, bail bonds and medical expenses. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Volvo XC70.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually these coverages do not exceed the liability coverage limits.

Collision coverages – This covers damage to your XC70 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like driving through your garage door, sideswiping another vehicle, hitting a mailbox, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive protection – This covers 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 pays for claims like vandalism, fire damage, hitting a bird and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

And the best car insurance company is…

Low-cost 2006 Volvo XC70 insurance is definitely available both online in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies may not provide the ability to get quotes online and most of the time these small insurance companies provide coverage only through local independent agencies.

As you prepare to switch companies, do not buy poor coverage just to save money. There have been many cases where drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the savings was not a smart move. Your goal should be to purchase plenty of coverage for the lowest price.

Additional insurance information can be found on the following sites: