2001 Volvo S80 Car Insurance Rates – 10 Tips to Save

Nobody looks forward to buying auto insurance, particularly when their premiums are too high.

There is such a variety of insurance companies to buy insurance from, and although it’s a good thing to have a choice, having more insurance companies makes it harder to find a good deal.

How to Get Car Insurance

When shopping for car insurance there are multiple ways to compare rate quotes and find the best price. The quickest method to find the cheapest 2001 Volvo S80 insurance rates is simply to get online rate quotes. It is quite easy and can be accomplished in a couple of different ways.

  • The easiest and least time consuming way to find the lowest comparison rates is a comparison rater form click to view form in new window. This form keeps you from doing repetitive form submissions for each company. Filling out one form will return quotes from many national carriers.
  • Another way to compare rate quotes is to take the time to go to each company’s website to request a price quote. For instance, let’s say you want comparison quotes from Liberty Mutual, 21st Century and Farmers. To get rate quotes you would need to spend time on each company’s site and enter your information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
  • The least recommended method of comparing rate quotes is driving around to different agent offices. Buying insurance online can eliminate the need for a local agent unless you want the personal advice of a licensed agent. It is possible to comparison shop your insurance online but still have the advice of a local agent. We’ll cover that shortly.

Whichever way you use, be sure to compare exactly the same coverages for each price quote. If the quotes have different values for each quote you will not be able to make a fair comparison for your Volvo S80. Just a small difference in limits may result in a large different in cost. Keep in mind that quoting more will enable you to find a better price.

Do you qualify for a discount?

The price of auto insurance can be rather high, but there are discounts available that you may not even be aware of. Some discounts apply automatically at the time of quoting, but some must be asked for before being credited.

  • Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.
  • Paperwork-free – Certain companies will give a small break just for signing your application over the internet.
  • More Vehicles More Savings – Having multiple cars or trucks on the same car insurance policy could earn a price break for each car.
  • Early Switch Discount – Some insurance companies reward drivers for signing up before your current policy expires. It’s a savings of about 10%.
  • Federal Government Employee – Employees or retirees of the government could cut as much as 10% off for S80 insurance with select insurance companies.
  • No Accidents – Good drivers with no accidents can earn big discounts as compared to drivers who are more careless.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can get savings of 20% or more.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more for S80 insurance than drivers with accidents.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Fewer Miles Equal More Savings – Driving fewer miles can earn a substantially lower rate.

Keep in mind that most of the big mark downs will not be given the the whole policy. Most only reduce specific coverage prices like comprehensive or collision. So when the math indicates all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will reduce the amount you have to pay.

For a list of providers offering car insurance discounts, click here to view.

What coverages do I need?

When choosing the best auto insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether you may require specific advice.

  • Is there coverage for injuries to my pets?
  • Do I need higher collision deductibles?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does having multiple vehicles earn me a discount?
  • Will my rates increase for filing one claim?
  • Do I need special endorsements for business use of my vehicle?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Coverages available on your insurance policy

Having a good grasp of insurance helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally these limits are identical to your policy’s liability coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like rehabilitation expenses, doctor visits and chiropractic care. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hitting a deer, hitting a bird and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability

Liability coverage provides protection from damage that occurs to people or other property that is your fault. 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 policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

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

Coverage for collisions

This coverage covers damage to your S80 from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as rolling your car, colliding with another moving vehicle, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Keep this in mind

We just showed you a lot of ways to lower your 2001 Volvo S80 insurance rates. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may even find the most savings is with some of the smallest insurance companies. These companies can often insure niche markets at a lower cost than their larger competitors like Progressive and Geico.

Budget-conscious insurance is definitely available both online in addition to many insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who do not provide the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, an insured dropped physical damage coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage at a price you can afford.

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