Save on 2001 Volvo S60 Car Insurance Rates

Looking for cheaper auto insurance rates for your Volvo S60? I can’t think of anyone who likes paying for auto insurance, especially when they are paying too much.

Because you have many choices, it can be challenging to locate the right insurance company.

Consumers should take time to take a look at other company’s rates at least once a year due to the fact that insurance rates tend to go up over time. Just because you found the best rates on S60 insurance a couple years back you may be paying too much now. Forget all the misinformation about auto insurance because you’re about to learn the proper way to find great coverage at a great price.

Policy discounts you shouldn’t miss

Companies that sell car insurance do not advertise every discount in an easy-to-find place, so here is a list some of the best known and also the lesser-known ways to save on auto insurance.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and will save you 10% or more.
  • Paperless Signup – A few companies will discount your bill up to fifty bucks just for signing your application digitally online.
  • Save with a New Car – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
  • Driver Safety – Taking a defensive driving course can save you 5% or more if your company offers it.
  • College Student – Children who live away from home and do not have a car can be insured at a reduced rate.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company qualifies for this discount.

Consumers should know that many deductions do not apply to your bottom line cost. Most only apply to individual premiums such as liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, auto insurance companies aren’t that generous.

Companies that possibly offer these discounts include:

Double check with each company which discounts you may be entitled to. Discounts might not apply in every state.

Factors that can influence Volvo S60 insurance rates

An important part of buying insurance is that you know the rating factors that come into play when calculating your car insurance rates. When you know what positively or negatively influences your rates allows you to make educated decisions that can help you get better car insurance rates.

The list below includes some of the factors companies use to determine your rates.

  • Car features impact rates – Driving a car with an alarm system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
  • Are you male or female? – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are worse drivers. Men and women tend to get into accidents at about the same rate, but the men cause more damage. Men also statistically get more serious tickets such as reckless driving. Youthful male drivers are most likely to cause an accident and thus pay the highest rates.
  • Your stress level may be raising your rates – Did you know that where you work can have an impact on rates? Jobs such as judges, architects and stock brokers tend to pay the highest rates in part from high stress and lots of time spent at work. On the other hand, occupations such as scientists, students and homemakers have the lowest average rates on S60 insurance.
  • Always keep insurance in force – Driving without insurance is a misdemeanor and your next policy will cost more because you let your insurance expire. Not only will rates go up, getting caught without coverage may earn you a revoked license or a big fine.Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Where you live is a factor – Residing in a rural area is a positive aspect when it comes to car insurance. Lower population means a lower chance of having an accident as well as less vandalism and auto theft. City drivers have to deal with more traffic problems and a longer drive to work. More time on the road means higher likelihood of an accident.
  • Don’t buy coverages you don’t need – There are quite a few extra coverages that you can get tricked into buying on your S60 policy. Insurance for roadside assistance, accidental death and motor club memberships are some examples. These coverages may sound good at first, but if you don’t need them eliminate the coverages to reduce your premium.

Insurance agents can help

When choosing the best auto insurance coverage, there really is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.

  • Is a blown tire covered by insurance?
  • Should I buy only the required minimum liability coverage?
  • Should I buy full coverage?
  • How much can I save by bundling my policies?
  • Am I covered if hit by an uninsured driver?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Why is insurance for a teen driver so high?
  • Is my trailer covered?
  • Are my friends covered when driving my car?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Are you falling for claims of savings?

Car insurance providers like Allstate, Geico and Progressive constantly bombard you with ads on TV and radio. They all have a common claim that you’ll save big if you switch your coverage to them. How does each company say the same thing? This is how they do it.

All companies can use profiling for the type of driver that earns them a profit. A good example of a driver they prefer might be over the age of 50, is a homeowner, and has great credit. Any new insured that hits that “sweet spot” receives the best rates and therefore will save a lot of money.

Drivers who do not match this ideal profile will be charged higher rates which leads to business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can claim big savings. That is why you need to get as many quotes as possible. You cannot predict which company will have the lowest Volvo S60 insurance rates.

Car insurance policy coverages for a 2001 Volvo S60

Learning about specific coverages of car insurance can help you determine appropriate coverage for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages offered by car insurance companies.

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a ditch, crashing into a building, colliding with another moving vehicle and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Liability coverage – This coverage can cover damage that occurs to a person or their property. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like repair bills for other people’s vehicles, medical expenses and structural damage. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Volvo S60.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like doctor visits, rehabilitation expenses, funeral costs, EMT expenses and pain medications. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage – This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, a broken windshield, hitting a deer and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Be a penny pincher

When shopping online for car insurance, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many cases where an insured dropped uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

Cheaper 2001 Volvo S60 insurance can be found both online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best chance of saving money. A few companies may not provide online quoting and these regional insurance providers work with independent agents.

More detailed car insurance information can be found at these sites: