Compare 2011 Volvo S40 Car Insurance Rates

Finding cheap prices for insurance is always nearly impossible for beginners to online insurance quotes. Consumers have so many choices that it can easily become a burden to find the best prices.

It’s important to take a look at other company’s rates before your policy renews because insurance rates go up and down regularly. Just because you found the best premium rates on S40 coverage two years ago you may be paying too much now. Ignore everything you know about insurance because I’m going to let you in on the secrets to one of the easiest ways to find great coverage at a great price.

Buying car insurance is easy if you know what you’re doing. If you are paying for car insurance now, you will most likely be able to save some money using this information. But car owners must learn the way insurance companies determine prices and use this information to your advantage.

Verify you’re getting every discount

Some companies don’t necessarily list every possible discount in a way that’s easy to find, so the next list breaks down both well-publicized and the more hidden credits available to bring down your rates.

Driver’s Education for Students – It’s a good idea to have your young drivers successfully complete driver’s ed class as it will make them better drivers and lower rates.
Organization Discounts – Being in a qualifying organization could qualify you for a break on your next renewal.
Good Student – Getting good grades can get you a discount of up to 25%. The good student discount can last up to age 25.
Pay Upfront and Save – If you can afford to pay the entire bill rather than paying in monthly installments you may reduce your total bill.
Safety Course Discount – Completing a course teaching defensive driver skills can save you 5% or more if your company offers it.
Senior Citizens – If you’re over the age of 55, you may qualify for a discount up to 10% on S40 coverage.

One thing to note about discounts is that most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, that’s just not realistic.

A list of auto insurance companies and a summarized list of policyholder discounts can be read below.

State Farm policyholders can earn discounts including student away at school, multiple policy, defensive driving training, multiple autos, anti-theft, and Steer Clear safe driver discount.
Esurance discounts include safety device, anti-theft, online quote, Switch & Save, multi-policy, online shopper, and renters.
Progressive has savings for good student, online signing, multi-policy, homeowner, and online quote discount.
Liberty Mutual includes discounts for new move discount, preferred payment discount, exclusive group savings, multi-car, and new graduate.
Auto-Owners Insurance offers discounts including anti-lock brakes, paid in full, teen driver, paperless, and safe driver.
GEICO may include discounts for defensive driver, daytime running lights, driver training, anti-lock brakes, and multi-policy.

Before buying, ask every company which credits you are entitled to. Depending on the company, some discounts might not apply in your area. To find insurers with discount rates, click here.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions could help you determine if your insurance needs will benefit from professional help.

Is my teen driver covered when they drive my company car?
Does insurance cover damages from a DUI accident?
How can I get high-risk coverage after a DUI?
How much liability insurance is required?
Does insurance cover tools stolen from my truck?
Does my insurance cover a custom paint job?
Should I carry comprehensive and collision coverage?
Will filing a claim cost me more?
Do I need replacement cost coverage?
Is other people’s property covered if stolen from my vehicle?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form.

But they said I’d save $392 a year!

Well-known auto insurance companies like 21st Century, Allstate and State Farm regularly use ads in print and on television. All the ads state the claim that you can save after switching your auto insurance policy to them. But how can every company lower your rates? Just pay attention to how they say it.

All the different companies have specific criteria for the type of customer that earns them the highest profit. For instance, a driver they prefer might have to be between the ages of 30 and 45, has a low-risk occupation, and drives newer vehicles. A customer getting a price quote that fits those parameters receive the lowest rate quotes and will also save a lot of money.

Potential insureds who cannot meet these criteria may be required to pay higher prices and this results in the customer not buying. The trick is to say “customers who switch” but not “all drivers who get quotes” save money. That’s why companies can make the claims of big savings. Because of the profiling, drivers must get a wide range of price quotes. It’s just not possible to know which insurance companies will have the best car insurance rates for your profile.

Car insurance policy coverages for a Volvo S40

Knowing the specifics of a car insurance policy aids in choosing the best coverages and the correct deductibles and limits. Car insurance terms can be ambiguous and reading a policy is terribly boring.

Collision coverage protection

Collision insurance pays for damage to your S40 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as damaging your car on a curb, backing into a parked car, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, hitting a bird and hitting a deer. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability

This coverage can cover damages or injuries you inflict on a person or their property. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as emergency aid, medical services, 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.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Volvo S40.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for expenses for things like doctor visits, nursing services and hospital visits. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible

Quote more, save more

When you buy auto insurance online, it’s a bad idea to reduce needed coverages to save money. In too many instances, an insured cut comprehensive coverage or liability limits only to regret at claim time that the few dollars in savings costed them thousands. Your goal is to find the BEST coverage at the best price and still be able to protect your assets.

The cheapest 2011 Volvo S40 insurance can be sourced both online and from local agencies, and you need to price shop both in order to have the best price selection to choose from. Some insurance coverage companies may not provide internet price quotes and usually these regional insurance providers work with independent insurance agents.

Drivers leave their current company for a number of reasons such as policy non-renewal, denial of a claim, high prices or poor customer service. Regardless of your reason for switching companies, switching companies can be easy and end up saving you some money.