View 2013 Volvo XC70 Car Insurance Cost

Are you intimidated by the crazy number of insurance coverage company choices? Many other consumers are too. You have so many companies to choose from that it can easily become a lot of work to find the perfect company for you.

The purpose of this post is to familiarize you with how car insurance quotes work and some money-saving tips. If you have car insurance now, you will be able to cut costs considerably using this information. But drivers benefit from understanding how companies sell online and take advantage of how the system works.

The fastest way that we advise to get rate comparisons takes advantage of the fact most of the larger companies have advanced systems to give free rates quotes. To begin a comparison, all you need to do is take a few minutes to give details such as if you went to college, your job, the make and model of your vehicles, and the ages of drivers. That information is instantly provided to multiple auto insurance providers and you get price estimates immediately.

Don’t pay full price with these discounts

Car insurance can cost a lot, but companies offer discounts to help bring down the price. Certain discounts will be triggered automatically at the time of quoting, but a few need to be manually applied prior to getting the savings.

  • Air Bag Discount – Factory air bags or motorized seat belts may earn rate discounts of 20% or more.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Government Employees – Simply working for the federal government could cut as much as 10% off on XC70 insurance with select insurance companies.
  • Paperless Signup – Some insurance companies will give a small break simply for signing over the internet.
  • Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.

Consumers should know that most of the big mark downs will not be given the the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you could get a free insurance policy, companies don’t profit that way. Any amount of discount will bring down your premiums.

For a list of providers with discount insurance rates, click here.

Your personal situation dictates your coverage

When it comes to buying proper insurance coverage, there really is no one size fits all plan. Each situation is unique.

For instance, these questions could help you determine whether or not you might need professional guidance.

  • Does my medical payments coverage pay my health insurance deductible?
  • How do I file an SR-22 for a DUI in my state?
  • Is a new car covered when I drive it off the dealer lot?
  • Am I covered when driving in Canada or Mexico?
  • Does my 2013 Volvo XC70 need full coverage?
  • Is my 2013 Volvo XC70 covered for flood damage?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if I hit my neighbor’s mailbox?
  • Am I covered when driving someone else’s vehicle?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form.

Volvo XC70 rates are complex

It’s important that you understand the rating factors that help determine the price you pay for insurance coverage. Knowing what influences your rates empowers consumers to make smart changes that could result in much lower annual insurance costs.

The following are some of the items used by your company to calculate premiums.

  • Traffic violations increase rates – Your driving record has a lot to do with how much you pay for insurance. Good drivers have lower premiums than bad drivers. Even one speeding ticket can increase rates forty percent or more. Drivers who get serious violations like DWI, reckless driving or hit and run convictions may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
  • What are your deductibles? – Your deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, also known as collision and other-than-collision, protects your car from damage. Some instances where coverage would apply could be colliding with a building, vandalism, and burglary. The more you are required to pay out-of-pocket, the lower your rates will be on XC70 insurance.
  • Policy add-ons can waste money – There are a ton of add-on coverages that you can buy on your 2013 XC70 policy. Coverages for personal injury protection, towing coverage and membership fees are examples of these. These coverages may sound good at first, but your needs may have changed so eliminate them to save money.
  • Your job and insurance rates – Did you know that where you work can have an impact on rates? Jobs such as doctors, architects and stock brokers are shown to have the highest rates due to stressful work requirements and long work hours. On the other hand, professions such as farmers, students and homemakers pay the least on XC70 insurance.
  • Don’t sacrifice liability coverage – Liability coverage is the coverage that protects you if a jury decides you are liable for damages caused by your negligence. Liability insurance provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Better crash test results mean better rates – Cars with high safety ratings get lower rates. Safe vehicles result in less severe injuries and lower injury rates 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 may qualify for a discount.
  • An active claims history can cost you – Insurance companies award discounts to drivers who are claim-free. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for larger claims.
  • Car features impact rates – Purchasing a vehicle with anti-theft technology or alarm system can save you a little every year. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your vehicle from being stolen.

Insurance coverage breakdown

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Volvo XC70.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive protection

This coverage pays for 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 insurance covers things such as hitting a deer, a tree branch falling on your vehicle, a broken windshield and damage from flooding. The highest amount your insurance company will pay 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.

Liability

This coverage provides protection from damages or injuries you inflict on other’s property or people. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability can pay for things such as attorney fees, medical expenses, repair bills for other people’s vehicles and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like EMT expenses, rehabilitation expenses, X-ray expenses and hospital visits. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Auto collision coverage

Collision insurance covers damage to your XC70 resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as backing into a parked car, rolling your car, crashing into a building, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Get your money’s worth

We covered a lot of tips how to save on 2013 Volvo XC70 insurance. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the lowest rates come from a small local company.

Insureds leave their current company for many reasons like delays in paying claims, unfair underwriting practices, policy non-renewal and even denial of a claim. Regardless of your reason for switching companies, switching auto insurance companies can be less work than you think.

When you buy insurance online, never skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice full coverage only to regret at claim time that the savings was not a smart move. The aim is to get the best coverage possible at a price you can afford.

More information can be found at the links below