View 2003 Volvo V40 Car Insurance Rates

Searching for the cheapest insurance rates for your Volvo V40? Finding more affordable coverage rates on insurance can be slightly frustrating for drivers who are new to online comparison shopping. With so many online companies, it can quickly become a burden to find better prices.

It’s a good idea to compare rates as often as possible since prices trend upward over time. Just because you found the best rate on V40 insurance 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 we’re going to demonstrate the best way to buy cheaper insurance.

If you currently have a car insurance policy, you should be able to save some money using these tips. Buying cheaper insurance coverage can be fairly easy. But vehicle owners do need to learn how insurance companies compete online and apply this information to your search.

Find hidden discounts on insurance

Not many people think insurance is cheap, but you may find discounts that can drop the cost substantially. Certain discounts will be applied when you purchase, but a few need to be asked for before being credited.

  • Discounts for Safe Drivers – Accident-free drivers can pay as much as 50% less on V40 insurance than drivers with accidents.
  • Pay Upfront and Save – If you pay your bill all at once rather than paying in monthly installments you may have a lower total premium amount.
  • Theft Deterent System – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Save over 55 – If you’re over the age of 55, you may qualify for better insurance rates on V40 insurance.
  • Discount for Life Insurance – Insurance companies who offer life insurance give a break if you buy life insurance from them.
  • First Accident Forgiveness – but some insurance companies will forgive one accident before raising your premiums if your claims history is clear prior to being involved in the accident.
  • Government Employee Discount – Being employed by or retired from a federal job could qualify for a slight premium decrease on V40 insurance depending on your insurance provider.
  • Driver Training Discounts – Successfully completing a driver safety course could cut 5% off your bill if you qualify.
  • Anti-lock Brake System – Cars with anti-lock braking systems are safer to drive and the ABS can save up to 10%.
  • Multiple Vehicles – Drivers who insure multiple cars or trucks on the same insurance policy could earn a price break for each car.

As a disclaimer on discounts, most credits do not apply the the whole policy. Most cut the price of certain insurance coverages like comp or med pay. So when the math indicates all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

A few companies that may have some of the above discounts include:

When comparing rates, check with each company which discounts you may be entitled to. Some of the earlier mentioned discounts may not be available in every state. To see a list of insurers with discount insurance rates, click this link.

Informed consumers save more

Lots of things are used in the calculation when you get a price on insurance. A few of the factors are predictable such as traffic violations, but some are not quite as obvious such as your marital status or your financial responsibility.

The itemized list below are a few of the “ingredients” used by insurance companies to determine your rate level.

  • Prices are affected by your address – Having an address in areas with lower population is a good thing if you are looking for the lowest rates. Urban drivers have to deal with congested traffic and longer commutes to work. Lower population means less chance of accidents and also fewer theft and vandalism claims.
  • Gender matters – Statistics show women are more cautious behind the wheel. It does not mean women are better drivers. Females and males are responsible for auto accidents in similar numbers, but males cause more damage. Not only that, but men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
  • When should you file a claims? – Auto insurance companies give cheaper rates to insureds that do not abuse their auto insurance. If you file a lot of claims you can definitely plan on either policy cancellation or increased premiums. Your car insurance is intended to be relied upon for larger claims.
  • Expect high rates for teens – More mature drivers are proven to be safer behind the wheel, file fewer claims , and are generally more financially stable.Beginning drivers are statistically proven to be inattentive and easily distracted when at the wheel of a vehicle and because of this, their insurance rates are much higher.
  • Do you work long hours in a high stress job? – Did you know your insurance rates can be affected by your occupation? Careers such as doctors, business owners and miners are shown to have higher rates than average because of intense work-related stress and long work hours. On the flip side, occupations like actors, athletes and the unemployed receive lower rates on V40 insurance.

Tailor your car insurance coverage to you

When choosing coverage for your personal vehicles, there is no one size fits all plan. Everyone’s needs are different.

For example, these questions may help highlight if you would benefit from professional advice.

  • Do I need PIP coverage since I have good health insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • Do I pay less if my vehicle is kept in my garage?
  • What is medical payments coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Can my babysitter drive my car?
  • Am I covered if I break a side mirror?
  • Why is insurance for a teen driver so high?
  • What can I do if my company denied a claim?
  • What is an SR-22 filing?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Specifics of your insurance policy

Understanding the coverages of a insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

UM/UIM Coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Volvo V40.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, damage from getting keyed, fire damage and hitting a bird. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with another moving vehicle, scraping a guard rail, backing into a parked car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Liability coverages

This coverage will cover damage or injury you incur to people or other property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as repair costs for stationary objects, emergency aid, pain and suffering, funeral expenses and structural damage. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like X-ray expenses, surgery and prosthetic devices. They are used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Do the work, save more money

The cheapest 2003 Volvo V40 insurance is available online as well as from independent agents, so you need to quote insurance with both so you have a total pricing picture. Some insurance providers do not provide rates over the internet and most of the time these regional insurance providers only sell through local independent agents.

When searching for affordable insurance quotes, never reduce coverage to reduce premium. In many cases, an insured dropped uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. Your aim should be to find the BEST coverage at the best possible price, not the least amount of coverage.

In this article, we presented a lot of techniques to reduce 2003 Volvo V40 insurance premium rates online. The key concept to understand is the more you quote insurance, the better likelihood of getting low cost insurance. Consumers could even find that the best premium rates are with a small local company.

Additional information can be found on the following sites:

Comments About 2003 Volvo V40 Insurance

  1. Era Peters

    I’m just west of Great Falls, MT. Received quotes with American Family, Mercury, and USAA for my Volvo and I think I saved around $20 each month. I’m thinking about dropping full coverage though.

  2. Teresia Shaw

    21st Century is decent in Parkersburg, WV.

  3. Paige Beard

    When should I drop comp and collision?

  4. Darron Dixon

    I live in a small town just outside of Huntington, West Virginia. Not sure of all the companies but I ended up saving about $20 each month. I got a quote from their website. Liability only on my Volvo.

  5. Loris Park

    Located in Mobile, AL. I don’t recall every quote but I ended up saving about $20 each month. I get lower rates because of my clean driving record. My V40 doesn’t have full coverage.

  6. Della Monroe

    I live in a small town just outside of Worcester, MA. Went online for free insurance quotes for a 2003 Volvo V40. Ended up at about $100 savings annually. Went with GEICO. Left Mercury to switch. Anyone else drop full coverage?

  7. Yuri Diaz

    Will State Farm raise rates for a small claim?

  8. Marlana Simmons

    I’m just west of San Jose, CA. Received quotes from AIG Insurance, Nationwide, and some smaller one I can’t remember the name of for my V40 and saved $111 a year. Insured with Auto-Owners before. I get multi-vehicle and multi-policy discounts. Did it all online. It’s only liability tho.

  9. Maynard Barlow

    Need cheaper insurance rates for my teenage driver in Grand Forks, ND!!

  10. Gwyn Nunez

    Where is cheaper car insurance? From northwest of Tampa, Florida. Quoted with Allstate, Auto-Owners, Erie, and Hanover for my V40 and I think I saved around $30 each month. I just quoted rates online. Book value doesn’t justify full coverage anymore.

  11. Vada Osborn

    Is Progressive or State Farm cheaper in Jersey City, New Jersey?

  12. Madaline Jimenez

    Anyone like their agent?

  13. Adriana Rowe

    Nice info. I’m in the north part of Newark, Delaware. I quoted with Allstate, Liberty Mutual, and Esurance for my Volvo and I’m now saving $25 a month. Highly recommended.

  14. Orlando Baird

    Cheap is relative. Proud to be from Louisville, KY. I got free rates from Amica, Nationwide, and Western Auto Insurance for my V40 and I’m now saving $11 a month. Insured with Amica before. Moved home policy as well. When should I drop full coverage?

  15. Rosita Rosario

    I live on the north side of Biloxi, MS. I quoted with American Family, MetLife, and a few others for my V40 and I’m now saving $13 a month. I increased coverages a little too. It never hurts to quote around.

  16. Gennie Baird

    I live just outside Baltimore, MD. Quoted quotes from Allstate, Eastwood, and Hartford for my V40 and I’m now saving $24 a month. Insured with Hanover before. Teenage drivers are expensive!

  17. Wesley Mccullough

    Cheaper not always better. Live in the western part of Houston, TX. I quoted with State Farm, Amica, and Eastwood for my V40 and saved about $80 a year. Have an at-fault accident tho. I used their website to get prices. I don’t have comp or collision coverage.