Cheaper 2013 Volvo XC90 Car Insurance Rates

Searching for lower insurance rates for your Volvo XC90? Feel like you’re a prisoner to high-priced insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

You have so many auto insurance companies to pick from, and although it’s nice to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.

Discounts are basically free money

Companies offering auto insurance do not list every available discount very clearly, so the following is a list of both the well known as well as the least known car insurance savings.

  • Theft Prevention System – Anti-theft and alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Multiple Cars – Having all your vehicles on the same car insurance policy could earn a price break for each car.
  • Discount for Life Insurance – Some companies give a discount if you purchase life insurance.
  • Claim Free – Good drivers with no accidents can save substantially as compared to frequent claim filers.
  • Senior Discount – Mature drivers may qualify for better car insurance rates on XC90 coverage.
  • Paperwork-free – A handful of insurance companies give back up to $50 just for signing your application on their website.

It’s important to understand that most credits do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way.

A partial list of companies who might offer these money-saving discounts are:

It’s a good idea to ask all companies you are considering which discounts they offer. All car insurance discounts might not be offered in every state.

Volvo XC90 rates are complex

It’s important that you understand the factors that help determine car insurance rates. Understanding what influences your rates helps enable you to make changes that may reward you with big savings.

  • A lapse in coverage is a bad thing – Letting your insurance expire will be a sure-fire way to bump up your car insurance costs. And not only will your rates increase, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Extra coverages can waste money – There are a ton of extra bells and whistles that you can get tricked into buying on your 2013 XC90 policy. Insurance for rental car reimbursement, accidental death and additional equipment coverage may be costing you every month. These may sound like a good investment initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Women pay lower rates – Statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Men and women are in accidents in similar percentages, but men have costlier accidents. Men also receive more costly citations such as DWI and reckless driving. Youthful male drivers are most likely to cause an accident and thus pay the highest rates.
  • Higher deductibles cost less – Your deductibles define the amount you are required to spend in the event of a claim. Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your car. A few examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. The more money you have to pay, the lower your rates will be on XC90 coverage.

Which insurance is the “right” coverage?

When choosing adequate coverage for your personal vehicles, there really is no one size fits all plan. Every insured’s situation is different and a cookie cutter policy won’t apply. For example, these questions can help discover if your insurance needs would benefit from professional advice.

  • What are the best liability limits?
  • Why does it cost so much to insure a teen driver?
  • How can I get my company to pay me more for my totalled car?
  • Do I have newly-aquired coverage?
  • How many claims can I have before being cancelled?
  • If I drive on a suspended license am I covered?
  • Do I have coverage for damage caused while driving under the influence?
  • Will I lose any money if I cancel my policy before it expires?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Insurance specifics

Having a good grasp of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverage types offered by insurance companies.

Comprehensive coverage

This coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as vandalism, hitting a bird and theft. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Auto collision coverage

This covers damage to your XC90 from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a parking meter, crashing into a building, backing into a parked car, colliding with another moving vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like rehabilitation expenses, EMT expenses, ambulance fees, prosthetic devices and funeral costs. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Liability coverages

Liability coverage will cover damage or injury you incur to people or other property that is your fault. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like pain and suffering, legal defense fees, court costs and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

A penny saved is a penny earned

Cost effective 2013 Volvo XC90 insurance can be found online as well as from independent agents, and you need to comparison shop both to have the best rate selection. Some insurance providers don’t offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, never reduce needed coverages to save money. In many instances, an insured dropped liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find at the best price while not skimping on critical coverages.

Even more information is available in these articles: