2012 Volvo XC70 Car Insurance Rates – 10 Tips for Cheapest Quotes

Looking for the cheapest car insurance rates for your Volvo XC70? Finding cheap car insurance might be nearly impossible for drivers new to comparison shopping online. Consumers have so many choices that it can be more work than you anticipated to find better prices.

Finding affordable coverage is quite easy. If you are paying for car insurance now, you will be able to reduce your rates substantially using this strategy. Nevertheless, vehicle owners must learn how big insurance companies market insurance on the web.

Don’t overlook these ten insurance discounts

Car insurance companies don’t necessarily list their entire list of discounts in a way that’s easy to find, so here is a list a few of the more common and also the more inconspicuous discounts that may be available.

  • ABS and Traction Control Discounts – Cars with ABS braking systems or traction control are safer to drive so companies give up to a 10% discount.
  • Paperless Signup – Some companies give back up to $50 just for signing your application online.
  • Discount for Swiching Early – Some larger companies reward drivers for switching companies early. This can save 10% or more.
  • Drive Less and Save – Driving less can qualify you for lower prices on the low mileage vehicles.
  • Student Discounts – Being a good student can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Seat Belt Discounts – Requiring all passengers to buckle their seat belts could save 15% on medical payment and PIP coverage.
  • Good Driver Discount – Insureds without accidents may receive a discount up to 45% on XC70 coverage as compared to drivers with claims.
  • Student Driver Training – Teen drivers should successfully complete driver’s ed class in school.
  • Homeowners Discount – Owning your own home or condo can save a few bucks because it shows financial diligence.
  • Distant Student – Kids who are attending college and don’t have a car could get you a discount.

One last thing about discounts, many deductions do not apply to your bottom line cost. Most cut the price of certain insurance coverages like liability and collision coverage. Even though it appears you would end up receiving a 100% discount, company stockholders wouldn’t be very happy. But any discount should help reduce your policy premium.

To find insurers that provide some of the discounts listed above, click this link.

When to get professional advice

When buying proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s situation is unique.

For example, these questions might help in determining whether or not you might need an agent’s assistance.

  • Does coverage extend to a rental car in a foreign country?
  • Does liability extend to a camper or trailer?
  • Should I sign the liability waiver when renting a car?
  • What can I do if my company won’t pay a claim?
  • How do I buy GAP insurance?
  • Do I benefit by insuring my home with the same company?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form.

Car insurance coverages explained

Having a good grasp of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Car insurance terms can be impossible to understand and coverage can change by endorsement.

Collision coverage protection

Collision coverage covers damage to your XC70 caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sustaining damage from a pot hole, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

UM/UIM Coverage

This provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverage

Liability insurance provides protection from damage or injury you incur to other people or property. This coverage protects you against claims from other people. It does not 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. You commonly see liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for claims like bail bonds, repair bills for other people’s vehicles and medical expenses. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for expenses like chiropractic care, hospital visits and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

This covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, damage from getting keyed, hail damage and theft. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

In the end, you save

You just learned some good ideas how you can lower your 2012 Volvo XC70 insurance premium rates. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.

Some companies don’t offer rate quotes online and most of the time these smaller companies prefer to sell through independent agents. Affordable 2012 Volvo XC70 insurance is possible both online and with local insurance agents, and you need to comparison shop both so you have a total pricing picture.

As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, an insured dropped uninsured motorist or liability limits only to regret that it was a big error on their part. Your focus should be to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.

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