2015 Volvo XC60 Car Insurance Cost

Drivers have lots of choices when trying to find affordable Volvo XC60 insurance. You can either spend your time contacting agents getting price quotes or save time using the internet to get rate quotes.

There are more efficient ways to shop for car insurance and you need to know the quickest way to get price quotes for a Volvo and locate the lowest possible price from both online companies and local agents.

The purpose of this post is to teach you the best way to quote coverages. If you currently have car insurance, you should be able to reduce your rates substantially using this information. Drivers just need to understand the most effective way to shop online.

These factors can influence Volvo XC60 insurance rates

An important part of buying insurance is that you know the different types of things that come into play when calculating the rates you pay for insurance coverage. Having a good understanding of what determines base rates empowers consumers to make smart changes that may reward you with lower insurance coverage prices.

The list below includes a partial list of the pieces used by your company to calculate rates.

  • Your stress level may be raising your rates – Occupations such as lawyers, architects and accountants are shown to have higher rates than average due to high stress and lots of time spent at work. On the flip side, jobs such as farmers, athletes and the unemployed pay the least on XC60 insurance.
  • Being married is a good thing – Being married can actually save you money on your policy. It translates into being more responsible it has been statistically shown that married drivers get in fewer accidents.
  • How many coverages with the same company – Many insurance coverage companies give discounts to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even though this discount sounds good, you may still want to compare rates to verify if the discount is saving money.
  • The more you drive the more you pay – The higher the mileage driven in a year’s time the higher your rates will be. Most companies rate vehicles based upon how you use the vehicle. Cars and trucks not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Improper usage on your XC60 can cost quite a bit. Ask your agent if your insurance coverage declarations sheet shows the correct usage for each vehicle.
  • Your car’s features help determine rates – Driving a car with anti-theft technology or alarm system can help bring down rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your car from being stolen.
  • What are your deductibles? – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Volvo. Some instances where coverage would apply are a windshield shattered by a rock, vandalism, and burglary. The deductibles are how much you are required to spend before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the bigger discount you will receive on XC60 insurance.
  • Do you have enough liability coverage? – The liability section of your policy is the protection in the event that a court rules you are at fault for damages from an accident. Liability insurance provides legal defense starting from day one. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Poor driving leads to higher costs – A bad driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets get better rates compared to drivers with tickets. Even a single moving violation can bump up the cost forty percent or more. If you have flagrant violations such as DUI or reckless driving may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.

Discounts are great for lower rates

Insurance can cost an arm and a leg, but you may find discounts that you may not know about. Most are applied at the time you complete a quote, but some must be inquired about prior to receiving the credit. If you don’t get every credit you deserve, you’re paying more than you need to.

  • Early Switch Discount – A few companies offer discounts for signing up prior to your current policy expiring. It’s a savings of about 10%.
  • Save over 55 – Older drivers may be able to get a discount up to 10% on XC60 insurance.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Air Bag Discount – Vehicles equipped with air bags can get savings up to 30%.
  • Discounts for Safe Drivers – Safe drivers may save up to 50% more on XC60 insurance than less cautious drivers.
  • Life Insurance Discount – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
  • Homeowners Savings – Owning a house can save you money because maintaining a house is proof that your finances are in order.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.

A little note about advertised discounts, most credits do not apply to all coverage premiums. The majority will only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, it doesn’t quite work that way. But any discount will bring down the amount you have to pay.

Car insurance companies that may offer these benefits are:

Double check with every prospective company what discounts are available to you. Some discounts may not apply in every state.

You may need specialized coverage

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Every insured’s situation is different.

For example, these questions can aid in determining if your situation might need professional guidance.

  • When should I drop full coverage on my 2015 Volvo XC60?
  • How does medical payments coverage work?
  • What is no-fault insurance?
  • Who is covered by my policy?
  • Does my policy cover me when driving someone else’s vehicle?
  • Are my tools covered if they get stolen from my vehicle?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form. It is quick, free and can help protect your family.

Learn about auto insurance coverages for a 2015 Volvo XC60

Understanding the coverages of auto insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as hospital visits, pain medications and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Comprehensive protection – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a bird, damage from flooding and vandalism. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverages – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as colliding with a tree, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Most of the time these limits are identical to your policy’s liability coverage.

Liability coverages – Liability coverage can cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against claims from other people, and doesn’t 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. Your policy might show policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as legal defense fees, structural damage, pain and suffering, medical expenses and loss of income. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Have money to burn

We covered some good ideas how to compare 2015 Volvo XC60 insurance prices online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with an unexpected company.

Drivers switch companies for many reasons like extreme rates for teen drivers, being labeled a high risk driver, policy cancellation or an unsatisfactory settlement offer. No matter why you want to switch, finding a great new company is pretty easy and you might even save some money in the process.

When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where drivers have reduced full coverage only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to buy a smart amount of coverage for the lowest price while still protecting your assets.

Additional insurance information is available at these links: