2019 Volvo XC40 Insurance Cost

Want lower insurance rates for your Volvo XC40? Pretty sure you bought overpriced insurance? It’s quite common and there are a lot of people just like you who feel imprisoned by their insurance policy. Since people have many options when it comes to insurance, it is hard for the average consumer to pick a lower cost insurance provider.

It’s a good habit to get comparison quotes occasionally because prices are variable and change quite frequently. If you had the best quotes on XC40 coverage a few years ago there may be better deals available now. Block out anything you think you know about insurance because we’re going to show you the fastest and easiest way to reduce your cost while increasing coverage.

Are you qualifying for every discount?

Some companies do not advertise every discount very well, so the next list breaks down both the well known as well as some of the hidden discounts that you may qualify for.

  • Claim Free – Claim-free drivers can save substantially when compared to drivers who are more careless.
  • Waiver for an Accident – Not really a discount, but some insurance companies allow you one accident before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
  • Discounts for Responsible Drivers – Insureds without accidents could pay up to 40% less on XC40 coverage than drivers with accident claims.
  • Early Switch Discount – A few companies allow discounts for buying a new policy prior to the expiration date on your current policy. You could save around 10% when you buy car insurance online.
  • Senior Citizen Rates – Mature drivers can get a discount up to 10% on XC40 coverage.
  • Service Members Pay Less – Having a family member in the military could be rewarded with lower premium rates.
  • Discount for Passive Restraints – Vehicles equipped with air bags can receive discounts of up to 25% or more.

Don’t be surprised 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 even though they make it sound like adding up those discounts means a free policy, that’s just not realistic.

Larger car insurance companies and their offered discounts are:

  • State Farm discounts include driver’s education, Drive Safe & Save, accident-free, anti-theft, student away at school, and good student.
  • Farmers Insurance may have discounts that include multi-car, bundle discounts, electronic funds transfer, alternative fuel, youthful driver, and good student.
  • GEICO has discounts for daytime running lights, emergency military deployment, seat belt use, anti-lock brakes, and defensive driver.
  • American Family offers discounts including good driver, bundled insurance, accident-free, TimeAway discount, defensive driver, multi-vehicle, and mySafetyValet.
  • Nationwide may offer discounts for accident-free, business or organization, easy pay, family plan, and multi-policy.
  • Progressive policyholders can earn discounts including online quote discount, homeowner, continuous coverage, multi-policy, multi-vehicle, and online signing.

If you are trying to find affordable car insurance quotes, ask each insurance company which discounts can lower your rates. A few discounts may not apply to policyholders everywhere. To choose insurance companies who offer car insurance discounts, click here to view.

How to get insurance price quotes

Performing a rate comparison can be exhausting if you don’t understand the most efficient way. You could waste time driving to insurance companies in your area, or you can stay home and use online quotes to get pricing more quickly.

Many of the larger companies enroll in a system that enables customers to send in one quote, and every company can provide price quotes determined by their information. This eliminates the need for form submissions to each company.

To fill out one form to compare multiple rates now click here to open in new window.

The single downside to comparing rates this way is buyers cannot specifically choose which carriers to get quotes from. If you would rather choose from a list of companies to compare, we have a page of low cost insurance companies in your area. Click here to view list.

The approach you take is up to you, just compare nearly identical information on every price quote you get. If you use mixed coverages it’s not possible to decipher which rate is best.

Why smart consumers pay less for Volvo XC40 insurance

The best way to find cheaper car insurance is to take a look at the rating factors that help calculate your policy premiums. If you understand what determines base rates, this enables informed choices that will entitle you to lower premium levels. Many different elements are used in the calculation when you get your auto insurance bill. A few of the factors are predictable such as your driving record, although others are less obvious such as your marital status or your vehicle rating.

Shown below are just a few of the factors used by insurance companies to determine your rate level.

  • Liability – Your car insurance policy’s liability coverage is the coverage that protects you if ever you are responsible for damages caused by your negligence. Your liability coverage provides legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
  • Good drivers pay less – Attentive drivers pay less for auto insurance than bad drivers. Having just one speeding ticket or other violation may increase your cost to the point where it’s not affordable. Drivers with multiple violations such as DUI or willful reckless driving may be required to complete a SR-22 with their state motor vehicle department in order to continue driving.
  • Small claims can cost you – Insurance companies provide discounts to insureds that do not abuse their auto insurance. If you are the type of insured that files lots of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Deter theft and save money – Selecting a car model with anti-theft technology or alarm system can save you some money. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft and help lower rates.
  • Lower rates with a multi-policy discount – Lots of insurance companies apply discounts for people who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, consumers should still check prices from other companies to verify if the discount is saving money.

When in doubt talk to an agent

When it comes to buying proper insurance coverage, there isn’t really a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining whether your personal situation would benefit from an agent’s advice.

  • Am I covered if my car is in a flood?
  • Are my friends covered when driving my car?
  • What is high-risk coverage and where do I buy it?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When can I cancel my policy?
  • What are the financial responsibility laws in my state?
  • I have a DUI can I still get coverage?
  • Am I getting all the discounts available?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, free and can help protect your family.

Insurance coverage options for a Volvo XC40

Having a good grasp of your insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on most insurance policies.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for short-term medical expenses like funeral costs, nursing services, chiropractic care and pain medications. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Coverage for liability – Liability coverage will cover damages or injuries you inflict on a person or their property. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like pain and suffering, legal defense fees and emergency aid. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Comprehensive insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, hitting a bird, theft and hail damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – This coverage will pay to fix damage to your XC40 from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as crashing into a building, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Shop around and save

We just presented a lot of information how to get a better price on 2019 Volvo XC40 insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding affordable car insurance. You may even find the best price on insurance is with an unexpected company. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate, GEICO and Progressive.

When buying insurance coverage, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where an insured cut full coverage only to regret that it was a big mistake. Your goal is to buy enough coverage at the best cost and still be able to protect your assets.

Additional insurance information is located on the following sites: