Lower Your 2000 Volvo V40 Insurance Cost

Searching for lower car insurance rates for your Volvo V40? When looking for lower-priced insurance, do you get frustrated by the dozens of car insurance providers that you can choose from? Lot’s of other drivers are too. Consumers have so many providers available that it can be a big hassle to find the perfect company for you.

Buy auto insurance online

Shopping for lower auto insurance rates can take hours if you don’t understand the best way to get rate quotes. You could waste a few hours driving to agents in your area, or you could save time and use online quoting to quickly compare rates.

Many of the larger companies are enrolled in a marketplace that allows shoppers to send in one quote, and each participating company can provide price quotes based on that information. This saves time by eliminating quote forms to every company.

To find out how much you can save on auto insurance click to open in new window.

The one downside to using this type of system is that consumers can’t choose which insurance companies you will receive quotes from. If you wish to select specific providers to request quotes from, we have a listing of low cost auto insurance companies in your area. Click to view list.

You can use whichever method you prefer to find lower rates, just ensure you’re using equivalent coverage information on every price quote you get. If you enter different limits and deductibles on each one it’s not possible to find the best deal for your Volvo V40. Quoting even small variations in coverages may result in large price differences. Just remember that having more price comparisons increases your odds of finding more affordable insurance.

Cheaper car insurance quotes with discounts

Some companies don’t always publicize every policy discount in an easy-to-find place, so the below list has some of the best known as well as some of the hidden credits available to you.

• Resident Student – Older children who live away from home at college and do not take a car to college can be insured at a reduced rate.
• Student Discounts – This discount may save as much as 25% on a auto insurance quote. Most companies allow this discount up until you turn 25.
• Drive Less and Save – Maintaining low annual mileage may allow you to get better rates on cars that stay parked.
• Early Switch Discount – A few insurance companies allow discounts for switching to them early. This can save 10% or more.
• Accident Free – Insureds who avoid accidents and claims pay less as opposed to drivers with a long claim history.
• Discount for Life Insurance – Companies who offer life insurance give lower prices if you buy life insurance from them.
• Professional Organizations – Participating in certain professional organizations could earn you a nice discount on your bill.
• Onboard Data Collection – Drivers who agree to allow their insurance company to monitor driving habits by using a telematics device such as State Farm’s In-Drive could see a rate decrease if they exhibit good driving behavior.

It’s important to note that some credits don’t apply to the entire cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, you won’t be that lucky.

To see a list of providers with discount car insurance rates, click here to view.

Tailor your insurance coverage to you

When it comes to buying proper insurance coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might point out if you will benefit from professional help.

• Do I need PIP (personal injury protection) coverage in my state?
• How much liability insurance is required?
• Do I have coverage when pulling a U-Haul trailer?
• Can I still get insurance after a DUI?
• Who is covered when they drive my 2000 Volvo V40?
• Am I covered when using my vehicle for business?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Should I have combined single limit or split liability limits?
• Should I carry comprehensive and collision coverage?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form.

Seven tips to get cheaper insurance rates

Consumers need to have an understanding of the factors that play a part in calculating your insurance rates. If you have some idea of what impacts premium levels, this enables informed choices that could result in much lower annual insurance costs. Many things are used when you quote your car insurance policy. Some are pretty understandable such as your driving history, but others are more transparent such as your credit history or how safe your car is.

• Consider raising coverage deductibles – Physical damage insurance, aka comp and collision, protects your Volvo from damage. A few examples of covered claims could be a windshield shattered by a rock, hitting a deer, and having your car stolen. The deductibles define how much you are willing to pay if the claim is covered. The more damage repair cost you’re willing to pay, the less money you will pay for insurance on V40 coverage.
• Your address can affect price – Choosing to live in small towns and rural areas has it’s advantages if you are looking for the lowest rates. People in densly populated areas regularly have congested traffic and longer commutes to work. Fewer drivers translates into fewer accident claims and a lower car theft rate.
• Bundle policies and save money – The majority of insurance companies will give discounts to buyers who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to get quotes from other companies to ensure the best deal.
• Age of drivers – Older, more experienced drivers are viewed as being more responsible, are lower risk to insure and tend to be get fewer driving tickets.Inexperience drivers are statistically shown to be inattentive and easily distracted when driving with friends so they pay higher insurance rates.
• Getting married pays dividends – Walking down the aisle helps lower the price when shopping for insurance. It may mean you are more mature than a single person it has been statistically shown that married couples file fewer claims.
• Your credit rating is important – Having a good credit score is a large factor in determining premium rates. People with high credit scores tend to file fewer claims than those with bad credit. So if your credit score can use some improvement, you could potentially save money when insuring your 2000 Volvo V40 by repairing your credit.
• How much liability insurance do you need? – Liability coverage will afford coverage if ever you are found to be at fault for an accident. Your liability coverage provides legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

Save 15 percent in 15 minutes? Is it for real?

Companies like Allstate, Geico and Progressive regularly use television, radio, and online ads. All the companies advertise claims that you can save just by switching your coverage to them. How can each company claim to save you money?

Insurance companies have specific criteria for the type of customer that will add to their bottom line. For example, a desirable insured might have to be between the ages of 30 and 45, has a low-risk occupation, and has great credit. Any customer that meets those criteria will get the preferred rates and therefore will cut their rates substantially.

Potential customers who do not fit the “perfect” profile will see more expensive rates which usually ends up with the customer not purchasing. The trick companies use is to say “customers who switch” not “everyone that quotes” save that much. That’s why insurance companies can make those claims. This emphasizes why you absolutely need to get auto insurance quotes from several different companies. It’s not possible to predict with any certainty which company will give you lower prices than your current company.

Car insurance coverages for a Volvo V40

Understanding the coverages of your insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Volvo V40.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

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

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as repair bills for other people’s vehicles, funeral expenses, bail bonds, legal defense fees and medical expenses. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like hitting a mailbox, driving through your garage door, hitting a parking meter, scraping a guard rail and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like pain medications, hospital visits and X-ray expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive protection – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, theft, hitting a bird, a broken windshield and vandalism. The most your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Take this to the bank

When shopping online for insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced collision coverage to discover at claim time that it was a big error on their part. Your aim should be to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.

Cheaper 2000 Volvo V40 insurance is possible on the web and from local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies do not provide online quoting and many times these smaller companies only sell through independent insurance agents.

In this article, we covered a lot of ways to get a better price on 2000 Volvo V40 insurance. The most important thing to understand is the more times you quote, the better likelihood of getting affordable auto insurance. Drivers may discover the best price on insurance is with a lesser-known regional company.

More resources

• Insuring a Leased Car (Insurance Information Insitute)
• Crash Avoidance Technologies FAQ (iihs.org)
• Bodily Injury Coverage (Liberty Mutual)
• Top Signs Your Brakes are Giving Out (State Farm)
• Vehicle Size and Weight FAQ (iihs.org)
• Neck Injury FAQ (iihs.org)