Lower Your 1996 Volvo 850 Car Insurance Rates

Have you had enough of sacrificing to make your auto insurance payment? Your situation is no different than many other drivers. You have multiple auto insurance companies to choose from, and though it is a good thing to have a choice, more choices can make it harder to compare rates and find the lowest cost auto insurance.

Consumers should take time to compare rates quite often since insurance rates are usually higher with each renewal. Just because you found the lowest rate on 850 coverage two years ago there is a good chance you can find better prices now. There are lots of tips to save on auto insurance on the internet, but I’m going to show you some guaranteed methods to lower your auto insurance premiums.

The easiest way to compare policy rates is to take advantage of the fact car insurance companies participate in a system to provide you with free rate quotes. To begin a comparison, all you need to do is give them rating details like your credit rating estimate, deductibles desired, how much education you have, and if your license is active. Your information gets sent immediately to multiple insurance coverage providers and they respond with quotes quickly.

Discount insurance coverage rates

Some insurers do not advertise all available discounts very clearly, so we took the time to find some of the best known and also the more inconspicuous credits that may apply to you.

  • Seat Belts Save more than Lives – Drivers who require all vehicle occupants to use a seat belt may be able to save a few bucks on the medical payments or PIP coverage costs.
  • Air Bag Discount – Vehicles equipped with air bags can receive discounts up to 30%.
  • Defensive Driver – Participating in a course in defensive driving could possibly earn you a 5% discount if your company offers it.
  • Student Discounts – A discount for being a good student may save you up to 25%. Many companies even apply the discount to college students until age 25.
  • Senior Citizen Discount – If you’re over the age of 55, you can possibly qualify for a slight reduction on a auto insurance quote on 850 coverage.

We need to note that some of the credits will not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, you aren’t that lucky.

Companies and some of their more popular discounts are:

  • GEICO may include discounts for military active duty, anti-lock brakes, air bags, multi-vehicle, multi-policy, five-year accident-free, and good student.
  • Travelers offers premium reductions for payment discounts, student away at school, multi-car, new car, and early quote.
  • Farm Bureau includes discounts for multi-policy, good student, driver training, safe driver, and 55 and retired.
  • Liberty Mutual discounts include good student, newly married, hybrid vehicle, multi-policy, and safety features.
  • American Family has savings for good driver, mySafetyValet, good student, accident-free, air bags, and early bird.
  • Progressive may have discounts that include homeowner, online signing, online quote discount, good student, continuous coverage, and multi-policy.

When comparing rates, check with every prospective company to apply every possible discount. Discounts might not apply everywhere. If you would like to view insurance companies with discount rates, follow this link.

Good decisions result in lower insurance premiums

Lots of factors are taken into consideration when pricing auto insurance. A few of the factors are predictable such as your driving history, although others are not as apparent like your continuous coverage or how safe your car is.Part of the insurance coverage buying process is learning some of the things that are used to determine your premiums. If you have a feel for what controls the rates you pay, this enables you to make decisions that can earn you lower rates.

  • Do you really need the incidental coverages? – There are a lot of additional coverages that sound like a good idea at the time but may not be useful. Things like replacement cost coverage, towing coverage, and motor club memberships may be costing you every month. These coverages may sound good when discussing your needs, but now you might not need them so consider taking them off your policy.
  • Insurance coverage rates and age – Young drivers are statistically shown to be inattentive when driving therefore insurance coverage rates are much higher. Adding a first-time driver to your policy can break the bank. Older insureds have been proven to be more responsible, are lower risk to insure .
  • Pay less with a high crash test rating – Safe vehicles tend to have better insurance rates. Safer cars reduce injuries and fewer serious injuries translates into savings for insurance companies and lower rates for you. If your Volvo 850 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • File insurance claims and pay more – Insurance companies generally give most affordable rates to people who do not file claims often. If you frequently file small claims, you can definitely plan on higher premiums or even policy non-renewal. Auto insurance is intended for the large, substantial claims.
  • GPS tracking and theft deterrents reduce insurance coverage rates – Choosing a vehicle with advanced anti-theft systems can help bring down rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent vehicle theft.
  • Responsible credit scores equal low rates – Credit rating factor in determining your rates. If your credit rating is not that good, you could potentially save money when insuring your 1996 Volvo 850 by improving your rating. Drivers who have very good credit scores tend to file fewer claims than those with worse credit.
  • Get better premiums if you’re married – Having a spouse may save some money compared to being single. Marriage demonstrates that you tend to be less irresponsible and insurance companies reward insureds because being married results in fewer claims.

Tailor your insurance coverage to you

When choosing proper insurance coverage for your personal vehicles, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might help in determining if you would benefit from an agent’s advice.

  • Does coverage extend to Mexico or Canada?
  • Do I have coverage if my license is suspended?
  • Should I put collision coverage on all my vehicles?
  • When would I need rental car insurance?
  • Which companies will insure high-risk drivers?
  • When should I buy a commercial auto policy?
  • Is a blown tire covered by insurance?
  • When should I not file a claim?
  • How much liability do I need to cover my assets?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

The largest companies are not always cheapest

Consumers get pounded daily by advertisements for the lowest price insurance from the likes of Allstate, GEICO and Progressive. All the companies make the point about saving some big amount if you get a free auto insurance quote and switch your coverage to them.

It sounds good, but how can they all claim to save you money? Just pay attention to how they say it.

Many companies provide the lowest rates for the type of customer that will add to their bottom line. For example, a driver they prefer might have to be a married male, has never had a policy lapse, and drives less than 7,500 miles a year. Any new insured that fits those parameters is entitled to the best price and have a good chance to save some money.

Drivers who don’t meet the requirements will have to pay more expensive rates and this can result in business going elsewhere. The trick companies use is to say “people that switch” not “everybody who quotes” save that much money. This is how insurance companies can state the savings. That is why you need to do a rate comparison at every renewal. It is just not possible to predict the company that will have the lowest rates.

Car insurance policy coverages for a 1996 Volvo 850

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and also any damage incurred to your Volvo 850.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverages – This coverage covers damage to your 850 resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a building, damaging your car on a curb, colliding with another moving vehicle, crashing into a ditch and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Med pay and PIP coverage pay for expenses like EMT expenses, surgery and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverage – This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a deer, damage from a tornado or hurricane and vandalism. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage – This provides protection from damages or injuries you inflict on people or other property. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like bail bonds, funeral expenses and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Find Good Coverage for Less

You just learned a lot of tips how to get a better price on 1996 Volvo 850 insurance. The key concept to understand is the more companies you get rates for, the higher your chance of finding cheap auto insurance. You may even find the lowest priced car insurance comes from an unexpected company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

There are still a few companies who do not offer the ability to get a quote online small insurance companies provide coverage only through independent agents. Lower-priced car insurance can be found on the web and from local insurance agents, so you should compare both to have the best selection.

As you go through the steps to switch your coverage, it’s a bad idea to sacrifice coverage to reduce premiums. Too many times, someone dropped comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Helpful information

Comments About 1996 Volvo 850 Insurance

  1. Karin Matthews

    Does State Farm insure after a DUI?

  2. Marcella Reid

    Not sure what I should be paying. I live just outside Sioux Falls, SD. Quoted prices online for a 1996 Volvo 850. Ended up at about $100 savings annually. Went with Progressive.

  3. Liana Mckenzie

    Lots of useful info here. I’m just south of Salt Lake City, UT. I got free quotes from American Family, Nationwide, and some smaller one I can’t remember the name of for my 1996 Volvo 850 and I’m now saving $15 a month. Teenage drivers are expensive! It’s still not cheap enough.

  4. Rico Cooper

    Went with Farmers for my Volvo and am saving around $110 a year. I’m a pretty good driver though. You can get a rate quote online.

  5. Corinna Foreman

    From Greensboro, NC. Quoted prices online for a 1996 Volvo 850. Ended up at about $80 savings annually. Went with State Farm. Was with Farmers. Moved home policy as well. Anyone else drop full coverage?

  6. Cami Combs

    $100 to anyone who understands their policy.

  7. Genie Doyle

    Will State Farm raise rates for a windshield claim?