How Much Does 2003 Volvo XC70 Insurance Cost?

Searching for the cheapest auto insurance rates for your Volvo XC70? Are you sick and tired of scraping the payment together to make your auto insurance payment? You have the same problem as many other consumers.

Consumers have so many insurance companies to insure vehicles with, and even though it’s nice to have a selection, more choices can make it harder to find a good deal.

You need to price shop coverage on a regular basis because auto insurance rates are usually higher with each renewal. Just because you found the best rate on XC70 insurance a year ago there may be better deals available now. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to the fastest way to save money, get proper deductibles and limits, all at the lowest rate.

The purpose of this article is to instruct you on how to effectively get price quotes and some tricks to saving. If you currently have car insurance, you will be able to reduce your rates substantially using these techniques. Although drivers must know how insurance companies sell online and take advantage of how the system works.

Smart buyers know how to buy insurance coverage cheaper

Multiple criteria are used when premium rates are determined. A few of the factors are predictable such as traffic violations, but other criteria are more obscure like where you live or how safe your car is.An important part of buying insurance is that you know the factors that play a part in calculating the level of your policy premiums. If you know what controls the rates you pay, this enables informed choices that can help you get lower rates.

Listed below are most of the major factors utilized by car insurance companies to help set prices.

Single drivers take more risk – Having a spouse can get you a discount on your insurance coverage bill. Marriage demonstrates that you tend to be more stable financially it has been statistically shown that married drivers tend to file fewer claims.
High physical damage deductibles lower premiums – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your Volvo from damage. Some examples of covered claims are running into the backend of another car, vandalism, and windstorm damage. Physical damage deductibles state the amount of money you are required to spend out-of-pocket if the claim is covered. The more damage repair cost you are required to pay out-of-pocket, the less your company will charge you for insurance on XC70 insurance.
Vehicles with better crash test results cost less to insure – Cars with five star safety ratings tend to have better insurance rates. Vehicles engineered for safety reduce injuries and reduced instances of injuries means your insurance company pays less passed on to you as lower rates. If your Volvo XC70 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may cost less to insure.
Guys tend to take more risk – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Females and males are in fender benders in similar numbers, but the male of the species cause more damage. Men also tend to get higher numbers of serious violations such as reckless driving. Teenage male drivers have the highest risk to insure and therefore pay the highest rates.
Drivers with excellent credit save – Having a bad credit history will be a significant factor in determining what you pay. Therefore, if your credit rating is lower than you’d like, you may save money insuring your 2003 Volvo XC70 by improving your rating. Insureds with excellent credit tend to be better risks to insure as compared to drivers with bad credit.
Insurance coverage rates can be impacted by your occupation – Occupational choices like lawyers, social workers and emergency personnel are shown to have higher rates than the rest of us in part from stressful work requirements and lots of time spent at work. Other professions such as scientists, engineers and the unemployed pay lower than average rates on XC70 insurance.
How much liability coverage – The liability section of your policy will protect you if ever you are found liable for physical damage or personal injury to other. Liability provides for a legal defense which can cost a lot. It is affordable coverage compared to other policy coverages, so buy as much as you can afford.
Bundle home and auto and save – Most major insurance companies will give discounts to insureds who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to check prices from other companies to confirm you are receiving the best rates possible. Consumers may save more without the discount by buying insurance from more than one company.

Cheaper car insurance quotes with discounts

Some providers don’t list all their discounts very clearly, so the list below details some of the more common as well as some of the hidden credits available to you.

Drive Safe and Save – Insureds who avoid accidents can save as much as half off their rates on XC70 insurance than drivers with accident claims.
Driver Safety – Successfully completing a safe driver course could save 5% or more and easily recoup the cost of the course.
Own a Home and Save – Owning a house can get you a discount due to the fact that maintaining a home demonstrates responsibility.
Theft Deterent System – Cars and trucks equipped with anti-theft or alarm systems help deter theft and that can save you a little bit as well.
Drive Less and Save – Low annual miles could earn slightly better premium rates than normal.
Good Student – Excelling in school could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
Multi-policy Discount – If you combine your auto and home policies with the same insurance company you could save at least 10 to 15 percent or more.
E-sign Discounts
Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to fasten their seat belts may be able to save a few bucks off the medical payments premium.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only cut specific coverage prices like medical payments or collision. So when it seems like it’s possible to get free car insurance, that’s just not realistic.

If you would like to see a list of insurers who offer free car insurance quotes, click here to view.

Tailor your insurance coverage to you

When it comes to choosing coverage for your personal vehicles, there really is not a “perfect” insurance plan. Everyone’s needs are different so your insurance needs to address that. For example, these questions can aid in determining whether or not you will benefit from professional help.

Can I afford to pay high deductible claims out of pocket?
Will I lose any money if I cancel my policy before it expires?
Is my state a no-fault state?
Should I get collision insurance on every vehicle?
Is my ex-spouse still covered by my policy?
Are my friends covered when driving my car?
Am I covered when driving a rental car?
Can I rate high risk drivers on liability-only vehicles?
How do I file an SR-22 for a DUI in my state?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Car insurance coverage information

Learning about specific coverages of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by auto insurance companies.

Auto collision coverage

This coverage pays for damage to your XC70 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like sustaining damage from a pot hole, scraping a guard rail, driving through your garage door and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive auto insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as fire damage, damage from a tornado or hurricane and hail damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical expenses

Med pay and PIP coverage pay for bills such as rehabilitation expenses, EMT expenses and funeral costs. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability insurance

This will cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like pain and suffering, emergency aid and court costs. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

Quote more. Save more.

In this article, we presented many ideas to lower your 2003 Volvo XC70 insurance rates. The key concept to understand is the more companies you get car insurance rates for, the more likely it is that you will get a better rate. You may even discover the lowest rates are with an unexpected company. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Geico and State Farm.

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where someone dropped full coverage and found out when filing a claim that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.