2008 Volvo V70 Insurance Quotes – 5 Discounts for Cheaper Rates

Drivers have a choice when trying to find the lowest priced Volvo V70 insurance. They can either spend hours contacting agents trying to get quotes or use the internet to compare rates. There are both good and bad ways to find insurance coverage online and you need to know the quickest way to quote coverages on a Volvo and find the lowest price either online or from local insurance agents.

Buying car insurance is easy if you know what you’re doing. If you have car insurance now, you will most likely be able to reduce your rates substantially using these methods. Drivers only need an understanding of the most efficient way to buy auto insurance online.

Shop car insurance online

There are multiple methods to compare car insurance prices but one way is easier and takes less work. You can spend your afternoon discussing policy coverages with agents in your area, or you could save time and use online quoting to get rate comparisons in just a few minutes.

Many popular insurance companies take part in a program that enables customers to submit their information once, and at least one company provides a quote based on that data. This prevents consumers from doing repetitive form submissions for every car insurance company.

To find out how much you can save on car insurance click here to open in new window.

The one downside to comparing rates this way is buyers cannot specifically choose the companies you want pricing from. So if you prefer to pick from a list of companies to compare, we put together a list of low cost car insurance companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but ensure you are comparing nearly identical coverage limits and deductibles for each price quote. If you enter higher or lower deductibles it’s not possible to truly determine the lowest rate.

These five discounts can cut auto insurance rates

Auto insurance is neither fun to buy or cheap, but you may find discounts that can drop the cost substantially. Most are applied at the time of quoting, but a few must be asked for before they will apply.

  • New Vehicle Savings – Buying a new car model can cost up to 25% less since newer vehicles have better safety ratings.
  • Mature Driver Discount – Drivers over the age of 55 may qualify for lower premium rates on V70 coverage.
  • Own a Home and Save – Owning a home may earn you a small savings because maintaining a house requires a higher level of personal finance.
  • Multiple Cars – Insuring multiple cars on one policy could earn a price break for each car.
  • Multiple Policy Discount – If you have multiple policies and insure them with the same company you could save nearly 15% which can help you find cheap insurance coverage.

A quick disclaimer, most of the big mark downs will not be given to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears all those discounts means the company will pay you, you aren’t that lucky. But all discounts should definitely cut the cost of coverage.

Larger auto insurance companies and some of their more popular discounts are:

  • State Farm has savings for passive restraint, good student, safe vehicle, student away at school, and multiple policy.
  • Farmers Insurance may offer discounts for business and professional, pay in full, alternative fuel, electronic funds transfer, and teen driver.
  • GEICO includes discounts for anti-theft, daytime running lights, good student, multi-policy, air bags, emergency military deployment, and seat belt use.
  • American Family offers discounts including good driver, bundled insurance, Steer into Savings, TimeAway discount, good student, defensive driver, and early bird.
  • Nationwide discounts include business or organization, family plan, accident-free, anti-theft, good student, defensive driving, and Farm Bureau membership.
  • Progressive offers premium reductions for online quote discount, good student, multi-vehicle, continuous coverage, and online signing.

Before purchasing a policy, check with each insurance company what discounts are available to you. All car insurance discounts may not apply to policyholders in your state. If you would like to see a list of insurance companies with the best auto insurance discounts, click here to view.

When do I need an agent’s advice?

When buying proper insurance coverage, there is no “best” method to buy coverage. Every situation is different.

For instance, these questions might help in determining if your insurance needs could use an agent’s help.

  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Can I get a multi-policy discount?
  • How much liability coverage do I need in my state?
  • I don’t drive much so do I pay less?
  • Can I afford low physical damage deductibles?
  • Are there companies who specialize in insuring high-risk drivers?
  • Should I buy full coverage?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

The largest companies are not always cheapest

Consumers can’t escape the ads for auto insurance savings from companies such as State Farm, Allstate and GEICO. All the ads tend to make the same promise about how much you will save if you get a free insurance coverage quote and switch to them.

That’s great but how can every company say the same thing? You have to listen carefully.

Companies have specific guidelines for the driver that will most likely be profitable. An example of a profitable risk profile should be over the age of 50, has no driving citations, and does not commute to work. Any person who matches that profile receive the lowest rate quotes and is almost guaranteed to save a lot if they switch.

Insureds who don’t measure up to those standards will get higher prices with the end result being the driver buying from a lower-cost company. Company advertisements say “people that switch” not “everyone that quotes” can save as much as they claim. That’s the way insurance companies can confidently claim big savings. Because every company is different, it’s extremely important to do a rate comparison at every renewal. It is impossible to guess which company will have the best rates.

Insurance coverage options for a Volvo V70

Having a good grasp of your policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Comprehensive insurance – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a deer, a broken windshield and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability car insurance – Liability coverage can cover injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability insurance covers things like funeral expenses, emergency aid and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance provide coverage for bills for things like ambulance fees, prosthetic devices, surgery and chiropractic care. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision coverages – This pays to fix your vehicle from damage resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like damaging your car on a curb, scraping a guard rail, rolling your car and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your 2008 Volvo V70.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Find Good Coverage for Less

We just showed you some good ideas how to get a better price on 2008 Volvo V70 insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best price on auto insurance is with a small mutual company.

Some insurance companies don’t offer price quotes online and these regional carriers prefer to sell through independent insurance agents. Low-cost 2008 Volvo V70 insurance is possible on the web in addition to many insurance agents, so compare prices from both to have the best rate selection.

Insureds change insurance companies for any number of reasons including not issuing a premium refund, extreme rates for teen drivers, denial of a claim and even being labeled a high risk driver. No matter why you want to switch, choosing a new company can be easier than you think.

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