1994 Volvo 940 Car Insurance Quotes – 6 Policy Discounts

Trying to come up with a payment for overpriced auto insurance can bottom out your funds and make it impossible to make ends meet. Comparing price quotes is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

Since people have many auto insurance companies to choose from, it is hard for the average consumer to pick the most affordable insurer.

Auto insurance discounts help slash rates

Companies offering auto insurance don’t always list the complete list of policy discounts very clearly, so the below list has both well-publicized and the harder-to-find ways to save on auto insurance.

• Fewer Miles Equal More Savings – Keeping the miles down on your Volvo could be rewarded with cheaper rates.
• Federal Government Employee – Federal government employees could provide a small rate reduction on 940 coverage with certain companies.
• Mature Driver Discount – Drivers over the age of 55 may receive better auto insurance rates on 940 coverage.
• Paper-free Discount – A handful of auto insurance companies provide a small discount simply for signing online.
• Military Rewards – Being on active deployment in the military could trigger a small discount.
• Seat Belts Save – Drivers who require all vehicle occupants to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. Most only apply to individual premiums such as medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will definitely reduce your auto insurance premiums.

Insurance companies that may offer most of the discounts above may include but are not limited to:

• Farm Bureau
• Liberty Mutual
• State Farm
• Auto-Owners Insurance
• Geico
• SAFECO

Before buying, ask each insurance company which discounts they offer. Depending on the company, some discounts might not be available to policyholders everywhere.

The most recommended method to compare car insurance rates is to understand car insurance companies will pay a fee to give rate comparisons. To get started, all you need to do is provide a little information like how many miles driven, if you have a valid license, the year, make and model of vehicles, and what you do for a living. That rating data is instantly submitted to multiple top-rated companies and they return quotes instantly to find the best rate.

To compare rates for your 1994 Volvo 940 now, click here and see if a lower rate is available.

Which is the best insurance coverage?

When choosing proper insurance coverage, there is no one size fits all plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help highlight if you could use an agent’s help.

• Is my cargo covered for damage or theft?
• Will filing a claim cost me more?
• Do I need to file an SR-22 for a DUI in my state?
• Should I rate my 1994 Volvo 940 as pleasure use or commute?
• Does insurance cover tools stolen from my truck?
• How much underlying liability do I need for an umbrella policy?
• Does my policy pay for OEM or aftermarket parts?
• If my pet gets injured in an accident are they covered?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Insurance coverage specifics

Learning about specific coverages of your policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by insurance companies.

Insurance for medical payments – Med pay and PIP coverage pay for bills like rehabilitation expenses, prosthetic devices and nursing services. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. It covers you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

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

Collision insurance covers claims such as damaging your car on a curb, colliding with another moving vehicle, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability coverages – Liability coverage provides protection from damage or injury you incur to other people or property by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things like structural damage, pain and suffering and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from getting keyed, hitting a bird, fire damage, falling objects and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your 1994 Volvo 940.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Get your money’s worth

There are still a few companies who don’t offer internet price quotes smaller providers work with local independent agents. More affordable car insurance can be purchased on the web as well as from independent agents, so you need to compare both to have the best selection.

While you’re price shopping online, you should never reduce needed coverages to save money. In many cases, an insured dropped liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. Your goal should be to buy the best coverage you can find at the best price.

Additional information is located below:

• Property Damage Coverage (Liberty Mutual)
• Teen Driving Statistics (Geico)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Safe Vehicles for Teens (iihs.org)
• Reducing Your Risks in a Car Crash Video (iihs.org)