How Much Does 1992 Volvo 960 Car Insurance Cost?

Feeling guilty for buying an underperforming, overpriced auto insurance policy? You’re preaching to the choir because there are many people just like you.

There are many auto insurance companies to buy insurance from, and although it’s a good thing to have a selection, it makes it harder to locate the cheapest rates.

Consumers should take time to get comparison quotes yearly because prices change quite often. Just because you had the lowest rate for 960 coverage a few years ago other companies may now be cheaper. You can find a lot of information about auto insurance out there, but in this article, you’re going to get some guaranteed methods to lower your auto insurance bill.

Auto insurance companies offer money-saving discounts

Some companies do not list the entire discount list in an easy-to-find place, so we researched some of the best known in addition to some of the lesser obvious credits available to you. If you don’t get every credit you qualify for, you are not getting the best rate possible.

• Employee of Federal Government – Federal government employees may reduce rates when you quote insurance for 960 coverage with certain companies.
• Pay Now and Pay Less – By paying your policy upfront rather than paying in monthly installments you may have a lower total premium amount.
• Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
• ABS and Traction Control Discounts – Cars with anti-lock braking systems have fewer accidents so companies give up to a 10% discount.
• Discount for Swiching Early – A few companies offer discounts for buying a new policy before your current policy expires. This discount can save up to 10%.
• Discount for Low Mileage – Driving less can earn substantially lower premium rates.
• Life Insurance – Larger insurance carriers have a lower price if you buy some life insurance in addition to your auto policy.
• Discount for New Cars – Buying a new car instead of a used car can be considerably cheaper since newer models have better safety ratings.
• Distant Student Discount – Children who are attending college and do not take a car to college can receive lower rates.
• Active Service Discounts – Being on active deployment in the military may lower your auto insurance rates slightly.

Don’t be surprised that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like it’s possible to get free car insurance, you aren’t that lucky.

The best auto insurance companies and the discounts they provide are outlined below.

• Mercury Insurance offers premium reductions for accident-free, multi-policy, good student, location of vehicle, multi-car, and type of vehicle.
• Farmers Insurance offers discounts for business and professional, multi-car, distant student, early shopping, and electronic funds transfer.
• Farm Bureau has savings for multi-policy, 55 and retired, youthful driver, good student, safe driver, and driver training.
• State Farm may offer discounts for defensive driving training, Drive Safe & Save, good student, student away at school, driver’s education, multiple policy, and anti-theft.
• Allstate includes discounts for new car, resident student, safe driver, anti-theft, premier discount, and senior citizen.
• Geico may include discounts for daytime running lights, anti-theft, membership and employees, seat belt use, defensive driver, five-year accident-free, and good student.

It’s a good idea to ask every insurance company which discounts you qualify for. Discounts may not apply in every state. If you would like to see a list of insurers that offer multiple discounts, click this link.

How to compare insurance coverage rate quotes

There are a variety of methods to compare insurance coverage quotes, but there is one way that is more efficient than others. You could spend your day talking about coverages with agents in your area, or you could save time and use online quotes to get prices fast.

Most car insurance companies belong to a marketplace where prospective buyers only type in their quote data once, and each company returns a competitive quote based on the submitted data. This eliminates the need for repetitive form submissions to every company.

To fill out one form to compare multiple rates now click here (opens in new window).

The one downside to getting quotes like this is that consumers can’t choose the insurers you want to price. So if you prefer to choose individual companies to receive pricing from, we put together a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

You can choose any of those ways to find more affodable coverage, but make sure you are using nearly identical information for every company. If you compare different values for each quote you can’t possibly determine the lowest rate for your Volvo 960. Just a small difference in coverage limits can result in a big premium difference. And when comparison shopping, having more price comparisons gives you a better chance of getting the best rates.

Do I just need basic coverages?

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions could help you determine if your insurance needs will benefit from professional help.

• At what point should I drop full coverage?
• Should I rate my 1992 Volvo 960 as pleasure use or commute?
• Does my policy cover my teen driver if they drive my company car?
• Am I covered when delivering products for my home-based business?
• If my 1992 Volvo 960 is totaled, can I afford another vehicle?
• Should I get collision insurance on every vehicle?
• Is upholstery damage covered by car insurance?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Detailed coverages of your car insurance policy

Understanding the coverages of car insurance aids in choosing the right coverages for your vehicles. Car insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for immediate expenses for hospital visits, EMT expenses, nursing services, surgery and doctor visits. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This coverage will pay to fix damage to your 960 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like sideswiping another vehicle, rolling your car, hitting a parking meter and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, hitting a deer, theft and hitting a bird. The highest amount your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability

Liability insurance provides protection from injuries or damage you cause to other’s property or people by causing an accident. It protects you against other people’s claims. Liability 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. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims like medical services, loss of income, bail bonds, medical expenses and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

What is YOUR best insurance company?

As you quote insurance, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced comprehensive coverage or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to get the best coverage possible at an affordable rate.

Some insurance companies do not offer internet price quotes regional insurance providers prefer to sell through local independent agents. Affordable 1992 Volvo 960 insurance can be purchased both online in addition to local insurance agencies, and you need to price shop both so you have a total pricing picture.

Additional insurance information is available on the following sites:

• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Auto Crash Statistics (Insurance Information Insitute)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Booster Seat Ratings (iihs.org)
• What is Full Coverage? (Allstate)