Tired of scraping the payment together to insure your Volvo every month? You’re in the same situation as many other drivers. There is such a variety of insurance companies to buy insurance from, and even though it’s nice to have a selection, it can be more difficult to find the lowest rates.
You should take the time to do rate comparisons yearly since rates are rarely the same from one policy term to another. Just because you found the best rates on 960 coverage two years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re about to learn one of the easiest ways to find better coverage at a better price.
Getting a cheaper price on 1993 Volvo 960 insurance is actually quite simple. All that’s required is to invest a few minutes to compare quotes provided by online insurance companies. This is very easy and can be done in a couple of different ways.
The recommended way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This form saves time by eliminating separate quotes to each individual car insurance company. Just one form gets you price quotes from multiple low-cost companies.
A slightly less efficient method to get quotes online requires a visit to the website of each company and fill out their own quote form. For example, we’ll assume you want rates from Geico, Safeco and State Farm. To find out each rate you need to spend time on each company’s site and enter your policy data, which is why the first method is quicker.
For a list of links to insurance companies in your area, click here.
The most time-consuming method to get comparison rates is to spend time driving to insurance agents’ offices. Buying insurance online can eliminate the need for a local agent unless you prefer the personal advice of a licensed agent. Drivers can compare the best prices online and still use a local agent and you’ll learn how to do that later.
It doesn’t matter which method you choose, just double check that you are using identical coverages on every quote you get. If you compare higher or lower deductibles you can’t possibly determine the lowest rate for your Volvo 960.
Auto insurance companies don’t list all their discounts in a way that’s easy to find, so we researched some of the best known as well as the least known discounts you could be receiving. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
Drivers should understand that many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way.
Insurance companies that possibly offer these money-saving discounts are:
It’s a good idea to ask every prospective company which discounts they offer. Some discounts may not be available in your area.
When it comes to buying coverage for your vehicles, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions may help highlight if your insurance needs would benefit from professional advice.
If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.
Learning about specific coverages of car insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from car insurance companies.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for surgery, ambulance fees, doctor visits and EMT expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
This provides protection when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your 1993 Volvo 960.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like rock chips in glass, fire damage, damage from flooding and falling objects. The most your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Auto liability insurance
This can cover damage or injury you incur to other people or property that is your fault. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.
Liability insurance covers claims like repair bills for other people’s vehicles, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.
Collision protection
Collision insurance pays for damage to your 960 from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as colliding with another moving vehicle, colliding with a tree, rolling your car, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.