2012 Volvo XC70 Insurance Rates – 8 Tips for Cheaper Quotes

Searching for cheaper insurance rates for your Volvo XC70? I can’t think of anyone who looks forward to paying for insurance, especially when their premiums are through the roof. Consumers have many insurers to buy insurance from, and although it’s a good thing to be able to choose, it makes it harder to get the best deal.

Finding the best rates is not rocket science. If you have a current auto insurance policy or are looking for a new policy, you can follow these tips to reduce the price you pay and still get good coverage. Consumers only need an understanding of the proper methods to compare price quotes on the web.

Insurance Quote Comparison

Getting a cheaper price on 2012 Volvo XC70 insurance is actually quite simple. All you need to do is invest a little time to get quotes online from several insurance companies. This can be done in just a few minutes using one of these methods.

  • One of the simplest ways to get quotes for comparison is a comparison rater form click to view form in new window. This form prevents you from having to do multiple quote forms for every insurance company. Filling out one form gets you price quotes from many national carriers.
  • Another way to compare prices is to take the time to go to the website for every company you want to comare to complete their respective quote request forms. For example, let’s assume you want rates from State Farm, Geico and Progressive. To get each rate you have to visit each site and enter your policy data, which is why the first method is quicker.

    For a list of links to companies insuring cars in your area, click here.

  • The hardest way to get comparison rates is driving around to different agent offices. Buying insurance online eliminates the need for an insurance agent unless you prefer the professional guidance of a local agent. However, consumers can price shop your coverage online and get advice from an agent in your area.

It doesn’t matter which method you choose, just ensure you’re using the exact same coverages and limits for each price quote. If you are comparing different limits and deductibles on each one it will be next to impossible to decipher which rate is best.

Are you getting all your discounts?

Car insurance companies do not advertise all available discounts very well, so we break down both well-publicized and also the lesser-known insurance coverage savings. If you don’t get every credit available, you’re paying more than you need to.

  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Memberships – Belonging to a civic or occupational organization could qualify you for a break on insurance coverage on XC70 coverage.
  • Employee of Federal Government – Simply working for the federal government may qualify you for a discount on XC70 coverage with a few insurance coverage companies.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Military Discounts – Being on active duty in the military can result in better rates.
  • Paperless Signup – A few companies will give a small break for buying your policy online.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most only cut specific coverage prices like medical payments or collision. Just because it seems like you could get a free insurance coverage policy, companies don’t profit that way.

To see a list of insurers who offer insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Each situation is unique and your policy should reflect that. For example, these questions might help in determining if your insurance needs might need professional guidance.

  • If I drive on a suspended license am I covered?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I buy only the required minimum liability coverage?
  • Is my babysitter covered when using my vehicle?
  • What if I don’t agree with a claim settlement offer?
  • Where can I get insurance after a DUI in my state?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Educate yourself about auto insurance coverages

Knowing the specifics of a auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverages available from auto insurance companies.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Volvo XC70.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Auto liability

Liability coverage protects you from damage that occurs to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things like attorney fees, funeral expenses, bail bonds and medical expenses. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Collision coverage

This coverage covers damage to your XC70 caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for claims such as crashing into a building, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like surgery, chiropractic care, dental work, ambulance fees and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage

This covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like damage from a tornado or hurricane, hail damage, fire damage, damage from getting keyed and hitting a bird. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

One last thing

You just learned some good ideas how to save on 2012 Volvo XC70 insurance. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may even find the most savings is with a lesser-known regional company. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate and Progressive.

As you go through the steps to switch your coverage, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped liability coverage limits only to regret at claim time that they should have had better coverage. Your goal should be to find the BEST coverage at a price you can afford while still protecting your assets.

Cheaper insurance can be found on the web as well as from independent agents, and you need to comparison shop both to have the best rate selection. Some auto insurance companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.

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