Lower Your 2010 Volvo V70 Insurance Rates

Drivers have many options when trying to find the best price on Volvo V70 insurance. You can either spend your time contacting agents to compare prices or utilize the internet to find the lowest rates. There is a right way and a wrong way to shop for car insurance and you need to know the quickest way to price shop coverage for your Volvo and obtain the lowest possible price.

Consumers need to compare premium rates quite often because car insurance prices fluctuate regularly. Just because you found the lowest quotes on V70 coverage a few years ago there is a good chance you can find better rates now. There is a lot of bad advice regarding car insurance on the web, but in just a couple of minutes you can learn some tested techniques to find cheap car insurance.

If you are insured now or need new coverage, you can follow these tips to shop for the lowest rates and possibly find even better coverage. This article will teach you how to get online quotes and some tricks to saving. Drivers just need to know the proper way to buy insurance coverage on the web.

Why informed drivers pay less for Volvo V70 insurance

Many things are part of the equation when pricing auto insurance. Some factors are common sense like your driving record, but other criteria are more obscure like where you live or how safe your car is.

Listed below are just a few of the factors insurance companies consider when setting your premiums.

  • Better prices with anti-theft devices – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms can help prevent car theft and help bring rates down.
  • Don’t cut corners with liability coverage – A critical coverage on your policy, liability insurance will protect you if ever you are ruled to be at fault for personal injury or accident damage. Liability provides legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
  • Improve your credit history and save – Having a good credit rating factor in determining what you pay for insurance. Insureds with good credit tend to be better drivers and file fewer claims as compared to drivers with worse credit. So if your credit rating is lower than you’d like, you could pay less to insure your 2010 Volvo V70 by improving your credit score.
  • Bump up comp and collision deductibles to lower rates – Comp and collision deductibles state the amount of money you are required to spend out-of-pocket if the claim is covered. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered would be rearending another vehicle, damage caused by hail, and damage caused by road hazards. The more expense the insured is willing to pay, the bigger discount you will receive on V70 coverage.
  • Are you male or female? – The statistics show that men are more aggressive behind the wheel. However, this does not mean males are worse at driving than females. Both sexes tend to get into at-fault accidents at about the same rate, but males cause more damage and cost insurance companies more money. Men also statistically receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.
  • No coverage gaps is important – Having a lapse in insurance coverage will be a guaranteed way to trigger a rate increase. In addition to paying higher premiums, being ticketed for driving with no insurance could earn you a steep fine or even jail time. You may then have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.

Insurance coverage companies offer lots of discounts

Car insurance companies do not list every possible discount very clearly, so here is a list a few of the more common in addition to some of the lesser obvious discounts that may be available. If you do not double check each discount available, you are paying more than you should be.

  • ABS Braking Discount – Cars and trucks with anti-lock braking systems have fewer accidents so you can save 10 percent or more.
  • Discount for New Cars – Buying a new car instead of a used car may earn a small discount because new model year vehicles keep occupants safer.
  • Policy Bundle Discount – If you combine your auto and home policies and place coverage with the same company you could get a discount of up to 20% and get you cheap auto insurance.
  • Responsible Driver Discount – Insureds without accidents may receive a discount up to 45% on V70 coverage compared to accident prone drivers.
  • Discounts for Federal Employees – Employees or retirees of the government could provide a small rate reduction on V70 coverage depending on your insurance coverage provider.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire policy premium. Most only cut the cost of specific coverages such as comp or med pay. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.

The best insurance coverage companies and some of their more popular discounts can be found below.

  • Progressive may offer discounts for homeowner, multi-vehicle, multi-policy, good student, and continuous coverage.
  • The Hartford offers premium reductions for anti-theft, air bag, bundle, defensive driver, vehicle fuel type, driver training, and good student.
  • Mercury Insurance offers discounts including annual mileage, multi-policy, type of vehicle, professional/association, good student, multi-car, and accident-free.
  • GEICO offers discounts for military active duty, membership and employees, anti-lock brakes, emergency military deployment, good student, five-year accident-free, and multi-policy.
  • AAA has savings for education and occupation, good driver, good student, multi-car, AAA membership discount, and pay-in-full.
  • State Farm may include discounts for multiple policy, anti-theft, safe vehicle, passive restraint, Steer Clear safe driver discount, multiple autos, and driver’s education.

When getting a coverage quote, ask each insurance company which discounts you may be entitled to. Savings may not apply to policyholders in every state. If you would like to see a list of providers that offer some of these discounts, follow this link.

Do I just need basic coverages?

When choosing proper insurance coverage, there isn’t really a perfect coverage plan. Every situation is different.

Here are some questions about coverages that might help in determining if your insurance needs might need professional guidance.

  • Which companies will insure high-risk drivers?
  • Can I get a multi-policy discount?
  • Are my tools covered if they get stolen from my vehicle?
  • When should I buy a commercial auto policy?
  • Should I carry comprehensive and collision coverage?
  • Does coverage extend to a rental car in a foreign country?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form. It’s fast, free and can help protect your family.

Auto insurance coverages

Having a good grasp of auto insurance can be of help when determining the right coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive coverages – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, hitting a deer, a tree branch falling on your vehicle and theft. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage – This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2010 Volvo V70.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Liability auto insurance – Liability insurance can cover damages or injuries you inflict on a person or their property in an accident. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for claims like repair bills for other people’s vehicles, funeral expenses and loss of income. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as sideswiping another vehicle, backing into a parked car, hitting a parking meter, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Coverage for medical payments – Med pay and PIP coverage reimburse you for immediate expenses such as EMT expenses, surgery and funeral costs. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible

And the best car insurance company is…

Some insurance companies may not provide price quotes online and most of the time these smaller providers work with independent agencies. Cheap 2010 Volvo V70 insurance is available both online and also from your neighborhood agents, so you need to compare both to have the best selection.

We’ve covered some good ideas how to compare 2010 Volvo V70 insurance car insurance rates online. The key thing to remember is the more times you quote, the better your comparison will be. You may even find the lowest car insurance rates come from a small local company.

As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice liability coverage limits to discover at claim time that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost but still have enough coverage for asset protection.

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