Lower Your 1993 Volvo 850 Insurance Rates

Trying to find cheaper car insurance rates for your Volvo 850? I doubt anyone gets a kick out of paying for car insurance, especially when they are aware that it costs too dang much. There is such a variety of insurers to choose from, and although it’s nice to have multiple companies, it can be more challenging to find the best rates.

How much does car insurance cost?

Shopping for lower car insurance rates can be exhausting if you aren’t aware of the fastest way to get free quotes. You could spend the better part of a day talking to agents in your area, or you can stay home and use the internet to get the quickest rates.

Many insurance companies belong to a marketplace that allows shoppers to complete one form, and every company then gives them pricing based on the submitted data. This prevents consumers from doing form submissions to each company. To find out how much you’re overpaying now click to open in new window.

The single downside to pricing coverage this way is that you can’t choose the insurers you will receive quotes from. If you would rather choose specific insurance companies to receive pricing from, we put together a list of car insurance companies in your area. Click here for list of insurance companies.

You can use whichever method you prefer to find lower rates, just compare the same coverages and limits with each company. If each company quotes differing limits you will not be able to determine which rate is truly the best.

Discounts to earn cheap car insurance rates

Car insurance can be pricey, but you may find discounts to cut the cost considerably. Many of these discounts will be applied automatically when you complete an application, but a few need to be specifically requested before you will receive the discount.

• Payment Method – By making one initial payment rather than paying monthly you may reduce your total bill.
• Fewer Miles Equal More Savings – Driving fewer miles can earn lower car insurancerates due to less chance of an accident.
• Accident Waiver – Not really a discount, but some companies like State Farm, Progressive and Geico will let one accident slide before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.
• Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes are much safer to drive and qualify for as much as a 10% discount.
• Auto/Home Discount – If you combine your home and auto policies with the same company you could save nearly 15% which can help you find inexpensive car insurance.
• Switch and Save Discount – Some companies provide a discount for renewing your policy prior to the expiration date on your current policy. This discount can save up to 10%.
• Good Student Discount – This discount can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
• Professional Organizations – Joining a qualifying organization could earn you a nice discount on your next car insurance statement.
• Safety Restraint Discount – Buckling up and requiring all passengers to buckle up before driving could cut 10% or more off the PIP or medical payment premium.
• Distant College Student Discount – Any of your kids who live away from home at college and do not have a car could get you a discount.

Please keep in mind that most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, nobody gets a free ride.

To see car insurance companies who offer free car insurance quotes, click this link.

Five factors that influence insurance rates

Part of the car insurance buying process is learning some of the elements that help determine your car insurance rates. If you know what controls the rates you pay, this helps enable you to make changes that will entitle you to cheaper rates. Lots of things are considered when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but some are not as apparent such as your marital status and annual miles driven.

• lapses raise prices – Not maintaining insurance can get you a ticket and as a result your rates will increase for letting your insurance expire. And not only will your rates increase, failure to provide proof of insurance can result in a fine, jail time, or a revoked license.
• Rates impacted by your city – Having an address in small towns and rural areas may provide you with better prices when insuring your vehicles. Residents of big cities tend to have traffic congestion and higher rates of accident claims. Fewer drivers on the road means less chance of accidents in addition to lower liability claims
• Safer cars mean better rates – Safer cars tend to have better insurance rates. Vehicles built for safety reduce occupant injuries and lower rates of occupant injuries means less money paid by your insurance company which can result in lower premiums.
• Rates can drop if you have more than one policy – Most larger insurers provide a discount to policyholders that have more than one policy. It’s known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to get quotes from other companies to guarantee you are still saving the most.There is a good possibility that you can save even more than the discount by splitting coverages up.
• Teen drivers pay more – Older drivers are more responsible, file fewer claims and get fewer tickets.Teen drivers are statistically shown to be less responsible in a vehicle and because of this, their car insurance rates are much higher.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage, there really is not a single plan that fits everyone. Every situation is different and your policy should reflect that. Here are some questions about coverages that might help in determining if your situation might need professional guidance.

• Am I covered when pulling a rental trailer?
• What should my uninsured motorist coverage limits be in my state?
• Should I have a commercial auto policy?
• Do I need motorclub coverage?
• Do I benefit by insuring my home with the same company?
• Does my policy cover my teen driver if they drive my company car?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

The ad said I’d save $385 a year!

Consumers get pounded daily by advertisements that promise big savings from companies such as Progressive, Allstate and Geico. They all make the same claim about how much you will save just by moving your policy.

How do they all offer drivers better rates? It’s all in the words they use.

All companies look for specific characteristics for a prospective insured that will be a good risk. For example, this type of insured could be between the ages of 30 and 50, has few claims, and drives less than 5,000 miles a year. A customer getting a price quote that matches those criteria is entitled to the best price and therefore will save quite a bit of money when switching.

Potential insureds who may not quite match the ideal profile will be charged higher premium rates which translates to the customer not buying. If you pay close attention to the ads, they say “drivers that switch” not “everyone that quotes” save that much money. That is how companies can truthfully lure you into getting a quote. This really drives home the point why drivers must quote coverage with many companies. It’s just not possible to know which insurance companies will have the lowest rate quotes.

Insurance coverage options for a Volvo 850

Learning about specific coverages of your policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.

Comprehensive coverage

This pays to fix your vehicle from 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 coverage protects against things such as theft, rock chips in glass, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like rehabilitation expenses, pain medications, EMT expenses, hospital visits and doctor visits. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto collision coverage

This will pay to fix damage to your 850 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, driving through your garage door, scraping a guard rail, sideswiping another vehicle and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Liability insurance

This can cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as repair costs for stationary objects, bail bonds, structural damage, pain and suffering and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Volvo 850.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

In the end, you save

We just showed you a lot of tips how to compare 1993 Volvo 850 insurance rates online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding inexpensive car insurance. You may even find the best rates are with a lesser-known regional company. They may only write in your state and offer lower car insurance rates as compared to the big name companies such as Progressive or Geico.

As you restructure your insurance plan, make sure you don’t buy poor coverage just to save money. There are many occasions where drivers have reduced physical damage coverage only to discover later they didn’t purchase enough coverage. Your goal is to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.

Some insurance providers do not offer internet price quotes and most of the time these regional insurance providers prefer to sell through local independent agencies. Cheap 1993 Volvo 850 insurance can be sourced both online in addition to local insurance agencies, and you need to price shop both to have the best rate selection.

Additional information can be read below:

• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• State Laws for Cellphones and Texting (iihs.org)
• Where can I buy Insurance? (Insurance Information Insitute)