Save on 2007 Volvo V70 Insurance Quotes

Looking for better insurance rates for your Volvo V70? Locating budget insurance can seem to be intimidating for consumers who are beginners to quoting and online price comparisons. With a ridiculous number of online companies, how are we expected to efficiently compare each option to find the cheapest rates?

It’s a good idea to compare prices every six months because rates are usually higher with each renewal. Just because you had the best deal on V70 insurance a year ago you may be paying too much now. Block out anything you think you know about insurance because you’re about to learn one of the best ways to buy cheaper insurance.

Finding the best rates is not that difficult. Basically, every driver who buys insurance coverage will more than likely be able to find better rates. Although vehicle owners can benefit from knowing the way companies sell online because it can help you find the best coverage.

The Volvo V70 insurance price equation

A large part of saving on insurance is knowing the rating factors that help determine the price you pay for insurance. If you have some idea of what determines base rates, this allows you to make good choices that could result in lower premium levels.

  • Better credit means lower costs – A driver’s credit rating is a big factor in your rate calculation. So if your credit history is not that good, you could potentially save money when insuring your 2007 Volvo V70 by repairing your credit. People with excellent credit scores tend to be better drivers and file fewer claims than drivers with bad credit.
  • Teenage drivers pay high prices – More experienced drivers tend to be more responsible, cause fewer claims and accidents .Young drivers are statistically proven to be inattentive and easily distracted when driving with friends so they pay higher insurance rates.
  • A insurance policy lapse can increase insurance rates – Allowing your insurance policy to lapse is a quick way to increase your insurance rates. And not only will insurance be more expensive, not being able to provide proof of insurance can result in a revoked license or a big fine.
  • Lower miles driven equals lower premium – The higher the miles on your Volvo in a year’s time the higher the price you pay to insure it. A lot of insurance companies calculate rates based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates than vehicles that are driven to work every day. An incorrectly rated V70 can cost quite a bit. It’s a smart idea to ensure your insurance policy shows the correct driver usage, because it can save money.
  • Accidents drive up prices – Whether or not you get tickets impacts your car insurance rates tremendously. Drivers who don’t get tickets have lower premiums than people who have multiple driving citations. Only having one speeding ticket can increase the cost of insurance by twenty percent. People who have flagrant tickets such as reckless driving or DUI may find they need to prove financial responsibility with their state DMV in order to prevent a license revocation.
  • What are good liability coverage limits? – The liability section of your policy will provide protection when a jury decides you are liable for an accident. Your policy’s liability insurance provides legal defense coverage to defend your case. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • You might want pay the minor insurance claims yourself – If you’re an insured who likes to file claims you should expect either a policy non-renewal or much higher rates. Auto insurance companies generally give discounts to people who are not frequent claim filers. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

How to find cheap insurance

The majority of larger companies like 21st Century, Allstate and State Farm give prices for coverage online. Comparing rates online can be done by anyone because it’s just a matter of typing in your personal and coverage information into a form. Once entered, their rating system requests your driving record and credit report and quotes a price.

This makes it a lot easier to compare rates but having to visit multiple sites and type in the same information can be a bit repetitive. But it’s absolutely necessary to do this in order to find lower prices.

There is a better way!

The quickest way to compare insurance pricing requires only one form that gets prices from a bunch of companies at once. This type of form saves time, requires much less work on your part, and makes online quotes much easier. After sending the form, it is rated and you are able to buy any or none of the resulting price quotes. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. The whole process can be completed in less than 10 minutes and may save quite a bit of money.

To find out how much you’re overpaying now, simply click here to open in new window and complete the simple form. To compare your current rates, we recommend you duplicate the insurance coverages exactly as shown on your declarations page. This helps ensure you will receive an apples-to-apples comparison using the exact same coverages.

Advertising myths

Companies like 21st Century, Allstate and State Farm regularly use ads in print and on television. They all seem to have a common claim about how much you will save just by switching to their company. How do they all lower your car insurance rates?

Most companies give the cheapest rates for the type of driver they prefer to insure. A good example of this type of insured might have to be a mature driver, has other policies, and drives less than 7,500 miles a year. Anyone that hits that “sweet spot” will probably get cheap prices and will save when they switch companies.

Insureds who fall outside the “perfect” profile may receive higher rates which usually ends up with business going elsewhere. The wording the ads use say “drivers who switch” not “all people who quote” save money. This is how insurance companies can confidently make it sound like they have such great premium rates. This really drives home the point why you really should get auto insurance quotes as often as possible. You cannot predict which company will have the best car insurance rates.

Find discounts to get cheap car insurance quotes

Car insurance is not inexpensive, but there could be available discounts that could drop your premiums quite a bit. Some discounts apply automatically when you quote, but some discounts are required to be asked about prior to receiving the credit.

  • Senior Citizens – Drivers that qualify as senior citizens can possibly qualify for reduced rates on V70 insurance.
  • Homeowners Pay Less – Owning a house may earn you a small savings since home ownership requires a higher level of personal finance.
  • Multi-policy Discount – If you can bundle your homeowners and auto insurance and insure them with the same company you could earn a discount of as much as 10 to 15 percent.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings of 20% or more.
  • Good Students Pay Less – This discount may save as much as 25% on a auto insurance quote. Most companies allow this discount well after school through age 25.
  • Data Collection Discounts – Drivers who elect to allow their company to study driving habits by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if they show good driving skills.
  • Professional Memberships – Being in qualifying employment or professional organizations could trigger savings when getting a auto insurance quote.
  • Military Rewards – Being on active duty in the military could qualify you for better rates.
  • Driver Education Discount – Have your child complete a driver education course as it can save substantially.
  • College Student Discount – Youth drivers who are enrolled in higher education away from home and do not have access to a covered vehicle can receive lower rates.

Consumers should know that some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

A list of car insurance companies and some of their more popular discounts are:

  • American Family includes discounts for mySafetyValet, Steer into Savings, bundled insurance, early bird, defensive driver, air bags, and multi-vehicle.
  • State Farm has savings for multiple autos, anti-theft, passive restraint, student away at school, and defensive driving training.
  • 21st Century offers premium reductions for student driver, anti-lock brakes, homeowners, defensive driver, automatic seat belts, 55 and older, and early bird.
  • Travelers discounts include early quote, IntelliDrive, home ownership, good student, payment discounts, and save driver.
  • GEICO offers discounts for defensive driver, multi-vehicle, multi-policy, driver training, and military active duty.

Before you buy a policy, ask every insurance company which discounts you qualify for. Some discounts listed above might not be offered in your area. To see car insurance companies with significant discounts, click here.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different.

These are some specific questions could help you determine whether your personal situation might need professional guidance.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Is there coverage for injuries to my pets?
  • How can I force my company to pay a claim?
  • Where can I find high-risk insurance?
  • Am I getting all the discounts available?
  • Can my babysitter drive my car?
  • Are rock chip repairs covered?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Do I have coverage when making deliveries for my home business?

If you can’t answer these questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form.

Information about specific coverages

Having a good grasp of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Liability auto insurance – This coverage will cover damage that occurs to other people or property in an accident. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for things such as loss of income, funeral expenses, medical services and attorney fees. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Collision coverages – This coverage pays for damage to your V70 resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like driving through your garage door, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Volvo V70.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive insurance – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from a tornado or hurricane, a broken windshield, falling objects and hitting a bird. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance pay for immediate expenses for doctor visits, hospital visits and ambulance fees. They can be utilized in addition to your health insurance program or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Saving money is sweet as honey

Drivers switch companies for many reasons like not issuing a premium refund, being labeled a high risk driver, high rates after DUI convictions and even unfair underwriting practices. It doesn’t matter why you want to switch finding a new company can be less work than you think.

The cheapest 2007 Volvo V70 insurance is possible from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some auto insurance companies may not have rates over the internet and these smaller providers only sell through independent insurance agents.

When shopping online for auto insurance, make sure you don’t skimp on coverage in order to save money. There have been many situations where someone dropped collision coverage and discovered at claim time that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at the best cost while not skimping on critical coverages.

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