How Much Does 2004 Volvo XC70 Insurance Cost?

Searching for better insurance prices for a Volvo XC70 can normally be difficult, but you can learn the following methods to save time. There are more efficient ways to find auto insurance online so we’re going to tell you the quickest way to get price quotes on a Volvo and get the cheapest rates from both online companies and local agents.

If you are insured now or are just looking to switch companies, you can learn to reduce the price you pay while maintaining coverages. Finding the cheapest protection is simple if you know the tricks. Consumers only need an understanding of the most effective way to compare price quotes over the internet.

Car Insurance Prices

Comparing car insurance rates can take time and effort if you don’t know the best way to get rate quotes. You could waste time driving to local insurance agents in your area, or you can stay home and use online quoting for quick rates.

The majority of car insurance companies participate in a marketplace where insurance shoppers enter their coverage request one time, and each company then returns a price quote based on the submitted data. This eliminates the need for repetitive form submissions to each company.

To participate in this free quote system, click here to start a free quote.

The one disadvantage to getting quotes like this is that consumers can’t choose the insurers you want to price. So if you prefer to choose individual companies to compare rates, we have a page of the cheapest car insurance companies in your area. Click here to view list.

However you get your quotes, ensure you are comparing apples-to-apples coverages with every price quote. If each company quotes different deductibles you can’t possibly find the best deal for your Volvo XC70.

Discounts mean cheaper Volvo XC70 insurance rates

Companies don’t always list all available discounts in an easy-to-find place, so here is a list both well-publicized and the more hidden ways to save on auto insurance. If they aren’t giving you every credit available, you are throwing money away.

  • Discount for Life Insurance – Larger companies have a discount if you purchase auto and life insurance together.
  • Multiple Vehicles – Buying insurance for multiple vehicles on the same auto insurance policy could earn a price break for each car.
  • Military Rewards – Having a family member in the military can result in better rates.
  • Paperwork-free – A handful of insurance companies may give you up to $50 simply for signing on their website.
  • Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.

Consumers should know that most discounts do not apply to the entire policy premium. The majority will only reduce specific coverage prices like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky.

To see a list of insurance companies offering auto insurance discounts, click here.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is not a “perfect” insurance plan. Each situation is unique.

For instance, these questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Am I covered when delivering products for my home-based business?
  • Does car insurance cover theft of personal property?
  • Does coverage extend to a rental car in a foreign country?
  • Why do I need rental car insurance?
  • How do I buy GAP insurance?
  • Can I drive in Mexico and have coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is upholstery damage covered by car insurance?
  • Do I have newly-aquired coverage?
  • What vehicles should carry emergency assistance coverage?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Impacting insurance rates for a Volvo XC70

Consumers need to have an understanding of the factors that go into determining insurance rates. When you know what positively or negatively determines base rates enables informed choices that will entitle you to much lower annual insurance costs.

  • Bump up deductibles to save – Deductibles for physical damage define the amount you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered would be running into the backend of another car, damage from fire, or theft. The higher the amount the insured has to pay upfront, the less your insurance will be on XC70 coverage.
  • Never let your coverage lapse – Driving your car without having proper coverage can get your license suspended and you will pay a penalty because you let your coverage lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance might get you a license revocation or jail time.
  • Drive less and save money – The more miles you rack up on your Volvo every year the more you will pay for insurance. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Cars that are left in the garage receive lower rates than those used for commuting. If your policy improperly rates your XC70 can result in significantly higher rates. Verify your insurance policy is showing how each vehicle is driven, because improper ratings can cost you money.
  • Credit scores impact insurance rates – A driver’s credit history is a huge factor in determining your rates. So if your credit is not that good, you could be paying less to insure your 2004 Volvo XC70 by repairing your credit. People with high credit ratings tend to be more responsible as compared to drivers with lower credit scores.
  • Mature drivers pay less – Older drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers. Youthful drivers are statistically proven to be careless and easily distracted behind the wheel therefore insurance rates are much higher.
  • Do men or women drive better? – The statistics show that women are safer drivers than men. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes are in accidents in similar percentages, but men cause more damage. Men also get cited for more serious violations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high insurance rates.

Car insurance 101

Understanding the coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Uninsured or underinsured coverage

This gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Volvo XC70.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive protection

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, falling objects and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like funeral costs, chiropractic care, ambulance fees, surgery and nursing services. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Liability insurance

This protects you from damages or injuries you inflict on a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things such as emergency aid, loss of income and bail bonds. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as damaging your car on a curb, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Knowledge is power

We covered a lot of information how to get a better price on 2004 Volvo XC70 insurance. The key concept to understand is the more quotes you get, the higher your chance of finding lower rates. You may even find the biggest savings come from the least-expected company.

As you prepare to switch companies, do not sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped liability coverage limits only to find out that it was a big mistake. Your focus should be to get the best coverage possible at the best price, not the least amount of coverage.

Consumers change insurance companies for a variety of reasons including lack of trust in their agent, high prices, not issuing a premium refund or delays in responding to claim requests. Regardless of your reason, switching companies is pretty simple and you could end up saving a buck or two.

More detailed insurance information can be found by following these links: