Save on 2018 Volvo S60 Insurance Cost

Are you frustrated by the sheer number of insurance companies available to you? Many other people are as well. You have such a vast assortment of companies available that it can easily become a difficult mission to find better premium rates.

If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. Locating the best protection can be fairly easy. Although drivers do need to understand how big insurance companies sell online and use this information to your advantage.

Insurance premium influencing factors

It’s important that you understand some of the elements that go into determining the rates you pay for insurance. If you understand what controls the rates you pay, this empowers consumers to make smart changes that will entitle you to big savings. Many factors are used when quoting car insurance. Some are obvious like a motor vehicle report, although others are not quite as obvious such as your credit history or how financially stable you are.

Shown below are some of the most rate-impacting factors used by insurance companies to determine your rates.

  • Consolidate policies with the same company – Most insurance companies will award lower prices to customers who carry more than one policy, otherwise known as a multi-policy discount. Even if you already get this discount, it’s in your best interest to compare other company rates to verify if the discount is saving money.
  • Know your vehicle’s safety rating – Cars with high safety ratings can get you lower premiums. The safest vehicles help reduce the chance of injuries in an accident and fewer serious injuries means less claims paid and thus lower rates.
  • Always keep your insurance in place – Having a gap between insurance policy dates is a quick way to drive up your policy premiums. In addition to paying higher premiums, failure to provide proof of insurance might get you fines or a revoked license. You may then be required to file a SR-22 with your state DMV.
  • Good credit equals lower prices – Having a bad credit rating will be a significant factor in determining your rates. If your credit history is lower than you’d like, you may save money insuring your 2018 Volvo S60 by improving your credit score. Drivers with very high credit ratings tend to file fewer claims and have better driving records than drivers who have lower credit ratings.
  • Limits of liability coverage – The liability coverage on your policy is the protection when you are found to be at fault for physical damage or personal injury to other. It provides for a legal defense up to the limits shown on your policy. It is affordable coverage when compared with rates for comp and collision, so drivers should carry high limits.

Compare quotes for insurance coverage

When comparison shopping, there are several ways of comparing price quotes from insurance coverage companies in your area. The recommended way to find the lowest 2018 Volvo S60 rates is to get quotes online. This can be accomplished in just a few minutes using one of these methods.

  • One of the simplest ways to find the lowest comparison rates is an all-inclusive rate comparison click here to open form in new window. This form saves time by eliminating separate quote forms for each company you want a rate for. A single, simple form gets insurance cost estimates from many national carriers. It’s definitely the quickest method.
  • A more difficult way to get quotes online is to take the time to go to the website for each individual company and repeat the quote process. For example, we’ll pretend you need rates from USAA, State Farm and Progressive. You would have to take the time to go to each site to input your insurance information, which is why first method is reommended.

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

Take whichever approach you prefer, but make absolute certain that you use identical coverage information for each price quote. If you are comparing unequal deductibles or liability limits then you won’t be able to decipher which rate is best. Just slight variations in coverage limits may result in a large different in cost. Keep in mind that comparing all the rates in your area provides better odds of finding better pricing.

Slick advertising tricks that work

Car insurance companies such as 21st Century, Allstate and State Farm seem to constantly run ads in print and on television. All the ads state the claim about how much you will save if you just switch to their company. How does each company say the same thing? Here is how they do it.

Insurance providers provide the lowest rates for the type of driver that will generate a profit. For example, a preferred risk could possibly be a married female, has no claims, and the vehicle is rated for pleasure use. A customer getting a price quote that fits those parameters receive the lowest rate quotes and will also save some money.

People who do not match those criteria will be quoted more expensive rates and business going elsewhere. If you pay close attention to the ads, they say “people who switch” not “all people who quote” save that much when switching. That’s why insurance companies can confidently state the savings. Because of the profiling, you absolutely need to get as many free car insurance quotes as possible. It is impossible to guess the company that will have the lowest rate quotes.

Lower rate quotes by earning discounts

Companies offering auto insurance don’t always advertise their entire list of discounts in an easy-to-find place, so the list below details some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates.

  • Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Accident-Free Discounts – Drivers who don’t have accidents can save substantially in comparison to insureds who have frequent claims or accidents.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Distant Student Discount – Youth drivers who attend college more than 100 miles from home and don’t have a car can receive lower rates.
  • Anti-lock Brake Discount – Vehicles that have anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
  • One Accident Forgiven – This one is not really a discount per se, but a handful of insurance companies will let one accident slide before raising your premiums if your claims history is clear before the accident.
  • Lower Rates for Military – Being deployed in the military can result in better premium rates.

As is typical with insurance, most discounts do not apply the the whole policy. Some only reduce individual premiums such as collision or personal injury protection. So even though it sounds like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

To choose insurance companies who offer insurance coverage discounts, click here to view.

Your insurance coverage should be tailored to you

When buying proper insurance coverage, there really is no “best” method to buy coverage. Every situation is different.

Here are some questions about coverages that may help you determine whether your personal situation might need an agent’s assistance.

  • Are my friends covered when driving my 2018 Volvo S60?
  • How do I insure my teen driver?
  • Is motorclub coverage worth it?
  • Why am I required to buy high-risk coverage?
  • Is my ex-spouse still covered by my policy?
  • What if I owe more than I can insure my car for?
  • Do I need an umbrella policy?
  • Am I missing any policy discounts?
  • What is no-fault insurance?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form.

Auto insurance coverage specifics

Understanding the coverages of a auto insurance policy helps when choosing the best coverages and the correct deductibles and limits. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Collision coverage

Collision insurance covers damage to your S60 from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sideswiping another vehicle, crashing into a building, colliding with a tree, driving through your garage door and rolling your car. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Liability auto insurance

Liability insurance provides protection from damages or injuries you inflict on other’s property or people. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims like funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and structural damage. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your Volvo S60.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, damage from a tornado or hurricane and rock chips in glass. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like EMT expenses, funeral costs, X-ray expenses, dental work and doctor visits. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. 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. Personal Injury Protection is not universally available and may carry a deductible

Shop. Compare. Save.

Drivers who switch companies do it for a variety of reasons including an unsatisfactory settlement offer, lack of trust in their agent, being labeled a high risk driver or even unfair underwriting practices. No matter why you want to switch, finding a new company is pretty simple and you could end up saving a buck or two.

When trying to cut insurance costs, you should never skimp on coverage in order to save money. There have been many cases where an accident victim reduced full coverage only to find out that their decision to reduce coverage ended up costing them more. The aim is to purchase plenty of coverage at the best possible price while still protecting your assets.

The cheapest 2018 Volvo S60 insurance is possible from both online companies and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers may not offer online price quotes and most of the time these regional carriers only sell through independent agencies.

More resources