Compare 2002 Volvo V70 Insurance Quotes

Want better insurance rates for your Volvo V70? Finding budget insurance on the web can appear to be problematic for vehicle owners that are not comfortable with quoting and online price comparisons. With a ridiculous number of online companies available, how are vehicle owners able to have a chance to compare every insurance company to find cheaper insurance rates?

It’s a good habit to do price comparisons every six months because prices are variable and change quite frequently. Despite the fact that you may have had the best rates on V70 coverage a couple years back the chances are good that you can find a lower premium rate today. Block out anything you think you know about insurance because I’m going to teach you how to quote online to reduce your cost while increasing coverage.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using these tips. This article will teach you the most effective way to quote insurance. Nevertheless, vehicle owners must know how the larger insurance companies market on the web and use this information to your advantage.

Finding car insurance

To get cheaper auto insurance quotes, there a variety of ways to compare quotes from many available car insurance companies in your state. The easiest way to compare rates is to perform an online rate comparison. It is quite easy and can be accomplished by using one of the methods below.

The most efficient method to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This easy form keeps you from doing repetitive form submissions for each company you want a rate for. One simple form will return quotes from multiple low-cost companies. Just one form and you’re done.

A harder way to find lower rates requires a trip to each company’s website to complete their respective quote request forms. For sake of this example, we’ll assume you want to compare prices for Liberty Mutual, Geico and American Family. In order to get each rate, you would have to navigate to each company’s site and repeatedly enter your information, which is why the first method is more popular. To view a list of companies in your area, click here.

The last way to compare price quotes is going to each insurance agency near you. The ability to buy insurance online can eliminate the need for a local agent unless you’re the type of person who wants the professional assistance only provided by licensed agents. However, consumers can get the lowest quotes online but still have the advice of a local agent.

Whichever way you choose to compare rates, make sure you compare the same coverages and limits on every price quote you get. If you enter different liability limits it’s not possible to make a fair comparison for your Volvo V70. Slightly different insurance coverages or limits may result in a large different in cost. And when price shopping your coverage, comparing more company’s prices will increase your chances of finding better pricing. Some smaller insurers to not give quotes online, so you also need to get price estimates on coverage from those companies, too.

Discounts for cheaper insurance quotes

Properly insuring your vehicles can get expensive, but there are discounts available that many consumers don’t even know exist. A few discounts will be applied when you complete an application, but lesser-known reductions have to be specifically requested in order for you to get them.

• College Student Discount – Any of your kids who are attending college and do not take a car to college can receive lower rates.
• Anti-lock Brakes – Vehicles that have anti-lock braking systems can reduce accidents and will save you 10% or more.
• Paper-free Discount – A few insurance companies will give you a small discount get auto insurance over the internet.
• Seat Belts Save more than Lives – Drivers who require all vehicle occupants to use a seat belt can save a little off the PIP or medical payment premium.
• Telematics Discount – People who choose to allow companies to study driving habits by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they have good driving habits.
• Defensive Driver – Taking time to complete a class that teaches safe driver techniques could possibly earn you a 5% discount and easily pay for the cost of the class.
• Buy New and Save – Putting insurance on a new car can get you a discount because newer vehicles have to meet stringent safety requirements.
• No Claims – Insureds with no claims or accidents can earn big discounts as compared to bad drivers.

It’s important to note that most discounts do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, companies don’t profit that way.

To view insurance companies with the best discounts, follow this link.

Why you might pay higher rates

Smart consumers have a good feel for a few of the rating criteria that aid in calculating your car insurance rates. If you know what controls the rates you pay, this allows you to make good choices that may reward you with big savings. Many things are taken into consideration when you get a price on insurance. Some are pretty understandable like an MVR report, but other factors are less obvious such as whether you are married or your commute time.

The following are some of the most rate-impacting factors utilized by car insurance companies to help set rates.

• Gender and car insurance – Over time, data shows that women are safer drivers than men. It does not mean women are better drivers. Females and males are in accidents at a similar rate, but the male of the species have costlier accidents. Not only that, but men also receive more major tickets like reckless driving and DUI. Youthful male drivers generally have the highest accident percentage and therefore have the most expensive car insurance rates.
• Costs may be higher where you live – Living in a rural area has definite advantages if you are looking for the lowest rates. Fewer drivers on the road translates into fewer accidents and a lower car theft rate. People who live in big cities tend to have more traffic problems and much longer commute distances. Longer commute distances translates into higher accident risk.
• Rates increase with driving citations – Good drivers have lower premiums as compared to those with violations. Having just one speeding ticket may cause rates to rise by as much as thirty percent. Drivers unfortunate enough to have careless violations such as DUI or willful reckless driving are required to prove financial responsibility to the state department of motor vehicles in order to prevent a license revocation.
• Do you save by driving less? – The more you drive your Volvo annually the more you’ll pay to insure it. Most insurance companies charge rates based on their usage. Cars that do not get driven very much can be on a lower rate level than those used for commuting. Incorrect rating for your V70 is just wasting money. Ask your agent if your declarations sheet correctly shows annual mileage.

You may need specialized auto insurance coverage

When it comes to choosing the best auto insurance coverage, there really is not a best way to insure your cars. Each situation is unique.

Here are some questions about coverages that can help discover if your situation might need professional guidance.

• Why am I required to get a high-risk car insurance policy?
• Am I covered when using my vehicle for business?
• Will my insurance pay for OEM parts?
• Can I drive in Mexico and have coverage?
• How does medical payments coverage work?
• Does liability extend to a camper or trailer?
• Should I bundle my homeowners policy with my auto?
• If my pet gets injured in an accident are they covered?
• Do I have coverage if my license is suspended?
• Will I be non-renewed for getting a DUI or other conviction?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form.

Car insurance coverages for a Volvo V70

Knowing the specifics of car insurance helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive (Other than Collision)

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from a tornado or hurricane, fire damage and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability insurance

Liability coverage provides protection from damage that occurs to a person or their 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: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as repair bills for other people’s vehicles, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Volvo V70.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are set the same as your liablity limits.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like rehabilitation expenses, pain medications, funeral costs and doctor visits. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as hitting a mailbox, backing into a parked car, driving through your garage door, colliding with a tree and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Be a money saver!

Throughout this article, we presented a lot of ways to compare 2002 Volvo V70 insurance rates online. The key concept to understand is the more rate quotes you have, the better your comparison will be. You may be surprised to find that the best rates are with a lesser-known regional company.

As you quote auto insurance, do not buy less coverage just to save a little money. In many cases, consumers will sacrifice physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

More affordable auto insurance is attainable from both online companies in addition to many insurance agents, so you need to quote auto insurance with both in order to have the best price selection to choose from. Some companies don’t offer online quoting and these small insurance companies only sell through independent agencies.

To read more, take a look at the following helpful articles:

• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• How do I File a Claim? (Insurance Information Insitute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)