Lower Your 2005 Volvo XC70 Insurance Rates

Trying to find better insurance coverage rates for your Volvo XC70? Shopping for the cheapest insurance coverage on the internet is problematic for consumers not familiar with comparison shopping online. With a ridiculous number of companies competing online, how can you possibly compare every company to locate the lowest rates?

Consumers need to compare prices before your policy renews because prices are usually higher with each renewal. Even if you think you had the best price for XC70 coverage last year you may be paying too much now. Starting right now, ignore everything you know about insurance coverage because we’re going to show you the tricks you need to know to remove unneeded coverages and save money.

Cut your premium with discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts that you may not know about. Certain discounts will be triggered automatically when you get a quote, but a few need to be asked for prior to getting the savings.

  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount for XC70 coverage with select insurance companies.
  • Life Insurance – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Seat Belt Usage – Requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.

Consumers should know that most credits do not apply to your bottom line cost. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky. But any discount will bring down your overall premium however.

For a list of insurers with discount insurance rates, follow this link.

Volvo XC70 insurance rates are influenced by…

An important part of buying insurance is that you know the different types of things that help determine your insurance rates. When you know what positively or negatively impacts premium levels enables informed choices that could result in lower insurance prices.

  • Men are more aggressive – Statistics show women are more cautious behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both sexes are in accidents in similar percentages, but the men tend to have more serious accidents. Men also statistically have more aggressive citations such as reckless driving.
  • Do you work long hours in a high stress job? – Did you know your job can affect your rates? Jobs such as judges, business owners and dentists have the highest average rates in part from high stress levels and long work days. Other jobs such as farmers, historians and performers get better rates for XC70 coverage.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings can get you lower premiums. Safe vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies and thus lower rates. If your Volvo XC70 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Mature drivers pay less – Older insureds are more responsible, tend to cause fewer accidents and receive fewer citations. Youthful drivers tend to be less responsible when behind the wheel therefore insurance rates are much higher.
  • More than one policy can earn a discount – Most insurance companies will award you with lower prices to customers who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. Even with this discount, you may still want to compare rates to verify if the discount is saving money. You may still be able to find a better deal by splitting coverages up.
  • Your spouse saves you money – Having a spouse helps lower the price when buying insurance. Marriage means you’re more mature and responsible and it’s statistically proven that being married results in fewer claims.
  • Small claims can cost you – If you tend to file frequent claims, you can pretty much guarantee higher rates. Companies generally give better rates to insureds who do not rely on their insurance for small claims. Insurance coverage is meant to be used in the event of the large, substantial claims.
  • A clean driving record saves money – Good drivers get better rates than people who have multiple driving citations. Just one ticket can increase rates twenty percent or more. Drivers with severe tickets such as DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.

What is the best insurance coverage?

When buying adequate coverage for your vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different.

These are some specific questions may help highlight whether or not you would benefit from professional advice.

  • What if I don’t agree with a claim settlement offer?
  • How high should my uninsured/underinsured coverage be in my state?
  • What is an SR-22 filing?
  • Does coverage extend to a rental car in a foreign country?
  • At what point should I drop full coverage?
  • What are the financial responsibility laws in my state?
  • Am I covered when pulling a rental trailer?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Should I waive the damage coverage when renting a car?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form.

Auto insurance coverages

Having a good grasp of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Volvo XC70.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Coverage for collisions

Collision insurance will pay to fix damage to your XC70 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a building, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive coverages

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, hitting a deer and hail damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto liability insurance

Liability coverage protects you from damage that occurs to other people or property by causing an accident. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like funeral expenses, pain and suffering, attorney fees and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for prosthetic devices, dental work and pain medications. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

The bottom line

Drivers who switch companies do it for a variety of reasons including policy non-renewal, an unsatisfactory settlement offer, high rates after DUI convictions or questionable increases in premium. Whatever your reason, choosing a new company can be easier than you think.

Cheaper 2005 Volvo XC70 insurance can be purchased from both online companies and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

When buying insurance coverage, make sure you don’t reduce needed coverages to save money. In many instances, an accident victim reduced liability coverage limits only to discover later that the savings was not a smart move. Your strategy should be to buy the best coverage you can find at the best price while still protecting your assets.

Additional information