Lower Your 1993 Volvo 940 Insurance Quotes

Trying to find cheaper car insurance rates for your Volvo 940? I doubt anyone fancies paying their premiums for car insurance, especially when they are aware that they could find lower prices if they just compared rates. You have so many auto insurance companies to pick from, and although it’s a good thing to have a choice, it can be more challenging to locate the cheapest rates.

Choosing the best insurance company for you is quite easy. If you have a current insurance coverage policy or need new coverage, you can use these techniques to cut your premiums while maximizing coverage. Drivers just need to know the most effective way to buy insurance coverage online.

Compare insurance rates

Getting a cheap price on 1993 Volvo 940 insurance is a great way to save money. You just have to take a few minutes getting comparison quotes from some recommended companies. It’s really simple and can be done in just a few minutes using one of these methods.

1. The fastest and easiest way to compare a lot of rates at once would be an industry-wide quote request form like this one (opens in new window). This form eliminates the need for a different quote for each price estimate. A single form compares rates from insurance companies with the best prices.
2. A more difficult way to find lower rates requires a visit to each company website and repeat the quote process again and again. For sake of this example, let’s assume you want rates from State Farm, Safeco and Travelers. To get rate quotes you would need to go to every website and punch in your information repeatedly, which can take a lot of time.

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

3. If you have time to kill, the last method to compare price estimates is actually driving to local insurance agencies. Comparing rates online makes this unnecessary unless you have a need for the guidance only provided by licensed agents. It is possible to price shop your coverage online but purchase the actual policy in an agency.

It’s up to you how you get prices quotes, just make absolute certain that you use equivalent coverages and limits on every quote you get. If you have mixed coverages it will be nearly impossible to get a fair rate comparison.

Discounts can really help lower rates

Companies don’t always list every discount they offer in a way that’s easy to find, so we researched a few of the more well known as well as the least known discounts that you may qualify for.

• Passive Restraints – Options like air bags or motorized seat belts may get savings up to 30%.
• Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally until age 25.
• Sign Early and Save – Select insurance coverage companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.
• First Accident Forgiveness – Not necessarily a discount, but certain companies will allow you to have one accident without raising rates with the catch being you have to be claim-free before the accident.
• Theft Deterent – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
• Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote insurance for 940 coverage with some insurance coverage companies.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase some life insurance in addition to your auto policy.
• Multi-policy Discount – When you combine your auto and homeowners insurance with one insurance company you will save as much as 10 to 15 percent.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education as it will make them better drivers and lower rates.

Don’t be surprised that most discounts do not apply the the whole policy. Most cut the price of certain insurance coverages like medical payments or collision. Even though it may seem like all those discounts means the company will pay you, that’s just not realistic. But any discount will lower the premium cost.

If you would like to view companies with the best discounts, click this link.

Volvo 940 insurance costs can be cheaper

Multiple criteria are used when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are more obscure such as your credit history or how safe your car is.

The itemized list below are a partial list of the pieces auto insurance companies consider when setting your rates.

• Allowing your auto insurance policy to lapse raises premiums – Driving with no insurance is against the law and companies may charge more for letting your insurance lapse. Not only will you pay higher rates, failure to provide proof of insurance will get you a steep fine or even jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with your state DMV.
• Save mileage and save money – Driving a lot of miles in a year the higher your rate. Almost all companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks used primarily for pleasure use cost less to insure than cars that get driven a lot. An incorrectly rated 940 may be wasting your money. Verify your auto insurance declarations sheet is showing the correct driver usage, because it can save money.
• Accidents increase premiums – Careful drivers pay lower auto insurance prices than people who have multiple driving citations. Only having one speeding ticket may cause rates to rise twenty percent or more. Drivers who have gotten serious citations such as DWI, reckless driving or hit and run convictions are required to maintain a SR-22 with their state DMV in order to legally drive.
• Discounts for auto and home policies – Some insurers apply a discount to insureds that purchase more than one policy, otherwise known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even though this discount sounds good, it’s still a good idea to check prices from other companies to confirm you are receiving the best rates possible. You may still be able to find lower rates by buying from different companies
• High deductibles save money – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Examples of some claims that would be covered could be running into the backend of another car, damage caused by hail, or theft. The deductibles you choose state the amount of money you are required to spend before a claim is paid by your company. The more of the claim the insured has to pay upfront, the less your auto insurance will be for 940 coverage.
• Costs also based on gender – Over time, data shows that men are more aggressive behind the wheel. However, this does not mean females are better at driving than males. They both tend to get into fender benders in similar numbers, but the males cause more damage. Not only that, but men also get ticketed for serious violations such as DWI and reckless driving. Male drivers age 16 to 19 cause the most accidents so it costs more to insure them.

Will just any policy work for me?

When choosing proper insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions might point out if your insurance needs may require specific advice.

• Am I covered when pulling a rental trailer?
• When do I need to add a new car to my policy?
• What is UM/UIM insurance?
• Is my state a no-fault state?
• Can I afford low physical damage deductibles?
• How can I get my company to pay me more for my totalled car?
• Do all my vehicles need collision coverage?
• Am I covered when driving a rental car?
• How can I get high-risk coverage after a DUI?
• What is the rate difference between pleasure use and commuting?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Coverages available on your policy

Understanding the coverages of insurance aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages found on the average insurance policy.

Auto liability

Liability coverage protects you from damages or injuries you inflict on other people or property. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for claims like repair bills for other people’s vehicles, medical services, medical expenses, emergency aid and court costs. How much coverage you buy is your choice, but buy higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for collisions

Collision coverage pays for damage to your 940 from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as crashing into a ditch, backing into a parked car, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for immediate expenses like funeral costs, doctor visits, surgery, X-ray expenses and ambulance fees. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive auto coverage

This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from getting keyed, theft and fire damage. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Don’t break the bank

Cheaper auto insurance is available from both online companies and also from your neighborhood agents, so you need to shop insurance with both to have the best chance of lowering rates. Some companies may not provide internet price quotes and many times these small, regional companies sell through independent agents.

You just read many tips how you can shop for 1993 Volvo 940 insurance online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with the smaller companies. They often have lower prices on specific markets compared to the large companies like State Farm, Geico and Nationwide.

For more information, feel free to visit these articles:

• Understanding Car Crashes Video (iihs.org)
• What is a Telematics Device? (Allstate)
• Vehicle Insurance in the U.S. (Wikipedia)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)