Cheap 2009 Volvo V50 Car Insurance Cost

Trying to find better insurance rates for your Volvo V50? Searching for better insurance prices for your Volvo V50 could be a lot of work, but you can follow these tips to save time.

There is a right way and a wrong way to buy insurance so we’re going to tell you the proper way to get price quotes for a Volvo and find the lowest possible price.

Get cheaper auto insurance quotes with discounts

Auto insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that can help lower your rates. A few discounts will automatically apply when you purchase, but some may not be applied and must be asked for before you get the savings.

  • Driver Safety – Passing a defensive driving course is a good idea and can lower rates and easily recoup the cost of the course.
  • Student Driver Training – Require your teen driver to enroll and complete driver’s education if offered at their school.
  • Claim-Free Discount – Drivers who stay claim-free have much lower rates as opposed to policyholders that have many claims.
  • Onboard Data Collection – Drivers that enable driving data submission to track vehicle usage by installing a telematics device such as Progressive’s Snapshot could save a few bucks as long as the data is positive.
  • Memberships – Being in a qualifying organization could earn you a nice discount when shopping for auto insurance.
  • Paperwork-free – Many auto insurance companies will give you a small discount get car insurance over the internet.

One last thing about discounts, some credits don’t apply to the entire cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Even though it appears adding up those discounts means a free policy, nobody gets a free ride.

A few companies that may offer policyholders some of the discounts shown above include:

When getting a coverage quote, ask all companies you are considering the best way to save money. A few discounts may not apply in your state. If you would like to view insurers that offer many of these discounts, follow this link.

Free insurance coverage price quotes

Performing a rate comparison is a ton of work if you don’t utilize the fastest way to get free quotes. You can waste a lot of time talking to insurance companies in your area, or you could use the internet to get pricing more quickly.

Many popular insurance companies belong to a marketplace where insurance shoppers submit one quote, and each company then gives them pricing. This system prevents you from having to do quotation requests to every company. To compare pricing click here to start a free quote.

The only downside to doing it this way is that you can’t choose which providers to get quotes from. So if you want to select specific providers to compare rates, we put together a list of the cheapest insurance coverage companies in your area. Click here to view list.

It doesn’t matter which method you choose, just double check that you are using the exact same coverage limits on every price quote you get. If each company quotes different values for each quote you will not be able to make a fair rate comparison.

What affects Volvo V50 insurance costs?

Many things are used when you quote your car insurance policy. Some are obvious like your driving record, but others are not quite as obvious like your continuous coverage or your financial responsibility.

Shown below are just a few of the factors that factor into rates.

  • Pleasure use saves money – The more you drive in a year the more it will cost to insure it. Many insurance companies calculate prices based on how the vehicle is used. Cars and trucks that sit idle most of the time receive lower rates than vehicles that have high annual mileage. It’s a smart idea to ensure your insurance declarations sheet properly reflects the correct usage, because it can save money. An incorrectly rated V50 may be costing you.
  • Avoid tickets and save – Whether or not you get tickets influences premium rates substantially. Drivers with clean records get better rates than their less careful counterparts. Even one ticket may increase your cost to the point where it’s not affordable. Drivers who have received careless tickets such as hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state DMV in order to continue driving.
  • Lower insurance rates with alarm systems – Driving a car with anti-theft technology or alarm system can help bring down rates. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent your vehicle from being stolen.
  • Cheaper rates with high comp and collision deductibles – Physical damage protection, also called comprehensive and collision insurance, insures against damage to your Volvo. Some coverage claims are collision with another vehicle, hitting a deer, and damage caused by flying debris. Comp and collision deductibles tell how much you are required to spend if the claim is covered. The more damage repair cost you have to pay, the better rate you will receive for V50 insurance.
  • Car insurance liability protection limits – A critical coverage on your policy, liability insurance kicks in when a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • You might want pay the small policy claims yourself – If you are a frequent claim filer, you can look forward to higher rates. Insurance companies generally give cheaper rates to insureds who do not file claims often. Insurance coverage is meant to be used in the event of larger claims.
  • How your age affects rates – Beginning drivers are statistically proven to be inattentive and easily distracted in a vehicle and because of this, their insurance rates are much higher. Older people are more responsible, cause fewer claims and accidents and get fewer tickets.
  • Your location is a factor – Living in less populated areas has it’s advantages when insuring your vehicles. Urban drivers regularly have congested traffic and more time behind the wheel. Fewer drivers and short commutes translates into fewer accidents.

Tailor your car insurance coverage to you

When it comes to choosing adequate 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 might help in determining if you would benefit from an agent’s advice.

  • Should I carry comprehensive and collision coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • I don’t drive much so do I pay less?
  • What can I do if my company won’t pay a claim?
  • What is the difference between comprehensive and collision coverage?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

What car insurance coverages do you need?

Understanding the coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Medical expense coverage

Med pay and PIP coverage provide coverage for immediate expenses such as prosthetic devices, ambulance fees, doctor visits, nursing services and surgery. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision protection

This pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a parking meter, driving through your garage door, damaging your car on a curb, rolling your car and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Volvo V50.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these coverages are identical to your policy’s liability coverage.

Comprehensive protection

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, vandalism, theft and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability coverages

Liability coverage will cover damages or injuries you inflict on other people or property. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as funeral expenses, loss of income and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Final considerations

Lower-priced 2009 Volvo V50 insurance is available online and also from your neighborhood agents, so you should compare both to have the best selection. A few companies may not have price quotes online and usually these small insurance companies sell through independent agents.

Insureds leave their current company for a number of reasons such as an unsatisfactory settlement offer, not issuing a premium refund, unfair underwriting practices and even policy non-renewal. It doesn’t matter why you want to switch finding a new company can be easy and end up saving you some money.

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where drivers have reduced collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

More tips and info about insurance coverage can be read by following these links: