How Much Does 2003 Volvo S80 Car Insurance Cost?

Are you regretting buying overpriced insurance? Believe me, many consumers are in the same pinch.

Vehicle owners have multiple car insurance companies to pick from, and even though it’s nice to have a selection, it can be more challenging to compare rates and cut insurance costs.

It’s a great practice to do price comparisons yearly because insurance prices tend to go up over time. Just because you found the lowest rates for S80 insurance a couple years back you can probably find a better premium rate now. Ignore everything you know about insurance because you’re about to learn the only way to find the best coverage while lowering your premiums.

Finding the best rates is easy if you know what you’re doing. If you currently have car insurance, you will be able to reduce your rates substantially using these tips. But drivers can benefit by having an understanding of how insurance companies price online insurance because it can help you find the best coverage.

Compare free car insurance quotes

There are several ways of comparing rate quotes from many car insurance companies in your state. The easiest way by far to find competitive 2003 Volvo S80 insurance rates consists of shopping online. It is quite easy and can be accomplished in a couple minutes as outlined below.

• The simplest way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This type of form saves time by eliminating separate quotes for each company you want a rate for. One simple form will return price quotes from multiple low-cost companies.
• A slightly less efficient method to shop for car insurance online requires a trip to each company’s website and repeat the quote process. For examples sake, let’s assume you want to compare Allstate, Esurance and American Family. In order to get each rate, you would have to navigate to each company’s site and 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 method to find and compare rates is physically going to insurance agents’ offices. The ability to quote online has made agencies unnecessary unless you want the professional abilities that only an agent can give. Some companies do allow you to obtain prices from the web but buy from a local insurance agent.

It doesn’t matter which method you choose, just make sure you are using nearly identical deductibles and coverage limits on every quote. If you use different values for each quote it will be nearly impossible to determine the best price for your Volvo S80. Just a small difference in insurance coverages or limits can result in a big premium difference. And when comparing car insurance rates, know that comparing a large number of companies will enable you to find more affordable rates.

Cheaper car insurance rates with discounts

Properly insuring your vehicles can get expensive, but there could be available discounts that can help lower your rates. Some discounts will apply at the time you complete a quote, but lesser-known reductions have to be requested specifically before being credited.

• Save with More Vehicles Insured – Having several vehicles with the same car insurance company can reduce the rates for all insured vehicles.
• Military Discounts – Being on active duty in the military can result in better prices.
• Defensive Driving Course – Taking part in a course teaching driver safety skills is a good idea and can lower rates and make you a better driver.
• Pay Now and Pay Less – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
• Senior Citizens – Drivers over the age of 55 may qualify for better car insurance rates for S80 insurance.
• Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a lower car insurance rate if you buy a life policy as well.
• College Student Discount – Any of your kids who are attending college and won’t have access to an insured vehicle may be able to be covered for less.
• Drive Safe and Save – Drivers who don’t get into accidents can save as much as half off their rates for S80 insurance than drivers with accidents.

Just know that most discounts do not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though you would think all those discounts means the company will pay you, companies don’t profit that way.

Larger car insurance companies and some of the premium reductions they offer are included below.

• Farm Bureau has savings for 55 and retired, youthful driver, good student, renewal discount, driver training, and safe driver.
• MetLife offers discounts including good driver, claim-free, accident-free, multi-policy, defensive driver, good student
• Progressive discounts include homeowner, good student, online quote discount, multi-vehicle, continuous coverage, multi-policy, and online signing.
• AAA offers discounts for good student, multi-policy, anti-theft, multi-car, and AAA membership discount.
• American Family may include discounts for bundled insurance, air bags, multi-vehicle, TimeAway discount, early bird, and accident-free.
• Geico may offer discounts for federal employee, membership and employees, driver training, anti-lock brakes, and five-year accident-free.
• State Farm policyholders can earn discounts including driver’s education, accident-free, Drive Safe & Save, Steer Clear safe driver discount, defensive driving training, good student, and passive restraint.

When getting free car insurance quotes, it’s a good idea to every prospective company which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered in your area. For a list of car insurance companies who offer free car insurance quotes, click here to view.

Six factors that impact insurance prices

Many different elements are part of the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, but others are not quite as obvious such as whether you are married or your vehicle rating.

The factors shown below are just a few of the factors used by insurance companies to determine your rates.

• Don’t let your policy lapse – Driving your car without having proper coverage is a misdemeanor and you will pay a penalty because you let your coverage have a gap. Not only will rates go up, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state DMV.
• Your occupation can affect premiums – Did you know your occupation can influence how much you pay for insurance? Careers such as doctorsair traffic controllers and medical professionals have the highest rates due to intense work situations and lengthy work days. On the other hand, jobs like scientists, historians and homemakers have lower than average premiums for S80 insurance.
• Experienced drivers are lower risk – Young drivers have a tendency to get distracted easily when at the wheel of a vehicle so insurance rates are higher. If you’ve ever had to add a youthful driver to your policy can cause a big jump in price. More experienced drivers tend to be more responsible, tend to cause fewer accidents .
• Liability insurance limits should be high – Your policy’s liability coverage is the protection in the event that a court rules you are at fault for damages caused by your negligence. It will provide you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
• Use but don’t abuse your insurance – If you tend to file frequent claims, don’t be surprised to see either a policy non-renewal or much higher rates. Car insurance companies award the best rates to people who are claim-free. Your insurance policy is designed for more catestrophic claims.
• Better rates on safer cars – Safer cars tend to have better insurance rates. Vehicles built for safety reduce occupant injuries and fewer serious injuries translates into fewer and smaller insurance claims which can result in lower premiums.

Tailor your insurance coverage to you

When choosing adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. For instance, these questions can help discover if your insurance needs may require specific advice.

• Does my liability insurance cover pulling a trailer or camper?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Am I covered if I hit a deer?
• Do I need added coverage for expensive stereo equipment?
• Can I still get insurance after a DUI?
• Am I missing any policy discounts?
• Am I covered if I wreck a rental car?
• Is my ex-spouse still covered by my policy?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Insurance advertising tricks

Respected companies like Progressive, Allstate and Geico constantly bombard you with television, radio, and online ads. They all say the same thing about savings if you just switch your coverage. How is it possible that every company can give you a lower rate? It’s all in the wording.

Insurance providers have underwriting criteria for the type of customer that will add to their bottom line. For instance, this type of risk profile may be between the ages of 40 and 55, has never had a policy lapse, and drives less than 5,000 miles a year. Any person that fits those parameters is entitled to the best price and is almost guaranteed to save some money.

Drivers who do not match this stringent profile will see more expensive rates which results in business going elsewhere. The trick companies use is to say “people that switch” not “everyone who quotes” save that much. That’s why insurance companies can confidently make those statements. Because each company has a different risk profile, it is so important to compare as many free car insurance quotes as you can. It is impossible to guess with any certainty which company will have the lowest rate quotes.

The coverage is in the details

Having a good grasp of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages available from insurance companies.

Comprehensive protection – This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, theft and hail damage. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage – This covers damage to your S80 from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability coverage – This coverage will cover damage that occurs to a person or their property that is your fault. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like funeral expenses, pain and suffering, legal defense fees, loss of income and medical services. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for dental work, chiropractic care, funeral costs, EMT expenses and prosthetic devices. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Knowledge is power

Some insurance coverage companies may not have the ability to get quotes online and usually these small, regional companies only sell coverage through independent insurance agents. The cheapest 2003 Volvo S80 insurance is available from both online companies and with local insurance agents, so you need to compare both so you have a total pricing picture.

While you’re price shopping online, it’s a bad idea to skimp on coverage in order to save money. In many cases, someone dropped uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. Your goal is to buy the best coverage you can find for the lowest cost, but do not skimp to save money.

More information can be read on the following sites:

• Auto Insurance FAQ (Farmers Insurance)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Vehicle Insurance (Wikipedia)
• State Car Insurance Guides (Geico)
• Prom Night Tips for Teen Drivers (State Farm)
• Teen Driver Licensing Information (iihs.org)