2004 Volvo V70 Insurance Quotes – 8 Ideas for Cheaper Rates

Trying to find cheaper auto insurance rates for your Volvo V70? No car owner likes buying auto insurance, particularly when they are paying too much.

Insurance companies such as State Farm, Geico and Farmers Insurance all claim big savings, bombarding you with ad campaigns and consumers find it hard to sift through the bull and do the work needed to find the best deal.

If you are paying for car insurance now, you will be able to save some money using these methods. Buying car insurance is not that difficult. Nevertheless, consumers do need to learn how companies sell insurance online and take advantage of how the system works.

Get lower rates with these eight auto insurance discounts

Insuring your fleet can be pricey, but you may qualify for discounts that can dramatically reduce your bill. A few discounts will automatically apply when you quote, but a few must be manually applied before they will apply.

• Drivers Ed for Students – Teen drivers should participate in a local driver’s education class as it will make them better drivers and lower rates.
• Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and earn discounts up to 10% off your car insurance quote.
• Passenger Safety Discount – Cars that have air bags could see savings of up to 25% or more.
• Membership in Organizations – Being a member of a qualifying organization is a good way to get lower rates on your next renewal.
• College Student – who are enrolled in higher education away from home and do not take a car to college may be able to be covered for less.
• Discount for New Cars – Adding a new car to your policy can save up to 30% since new model year vehicles are generally safer.
• Low Mileage Discounts – Maintaining low annual mileage could be rewarded with lower prices on the low mileage vehicles.
• Paperless Signup – Some of the larger companies will give a small break for buying a policy and signing up on the internet.

As a sidenote, some of the credits will not apply to the entire cost. The majority will only reduce specific coverage prices like liability and collision coverage. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.

A few companies that may include most of these discounts include:

• Geico
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

If you need cheaper car insurance quotes, ask every prospective company which credits you are entitled to. Discounts might not be offered on policies in your area.

How to find the cheapest insurance coverage

Most larger insurance companies such as State Farm, Geico and Progressive allow you to get pricing on their websites. Getting online quotes is pretty easy as you just type in your required coverages as requested by the quote form. When complete, the system orders credit information and your driving record and returns pricing information based on these factors. Online price estimates makes comparing rates easy, but the process of having to visit each company’s website and repetitively enter the same data into a form can be a bit repetitive. But it’s necessary to get many rate quotes in order to find a better rate.

The quickest way to compare rates uses just one form to return rates from several different companies. It saves time, helps eliminate reptitive entry, and makes online shopping much simpler. After sending the form, it is rated and you are able to buy any or none of the returned quotes.

If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. This process takes just a few minutes to complete and you will find out if you’re overpaying now.

In order to fill out one form to compare multiple rates now, click here to open in a new tab and begin entering your coverage information. If you have your current policy handy, we recommend you duplicate coverages and limits just like they are on your policy. This helps ensure you will have a fair comparison using the exact same coverages.

Insurance coverage can get complicated

When it comes to buying adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions could help you determine whether your personal situation would benefit from an agent’s advice.

• Are split liability limits better than a combined single limit?
• Is my babysitter covered when using my vehicle?
• Does insurance cover damages from a DUI accident?
• Is my state a no-fault state?
• Do I need to file an SR-22 for a DUI in my state?
• Am I covered if I drive in a foreign country?
• Should I buy full coverage?
• If my 2004 Volvo V70 is totaled, can I afford another vehicle?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

The coverage is in the details

Having a good grasp of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.

Auto liability

Liability insurance can cover damage that occurs to other’s property or people in an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like attorney fees, court costs, legal defense fees, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Volvo V70.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally these coverages are set the same as your liablity limits.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for bills for things like ambulance fees, EMT expenses, surgery and chiropractic care. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive auto coverage

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, a broken windshield and hitting a bird. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision insurance

Collision coverage pays for damage to your V70 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like damaging your car on a curb, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to bring the cost down.

You can do this!

We’ve covered many ideas to get a better price on 2004 Volvo V70 insurance. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable car insurance. Consumers may even find the biggest savings come from a lesser-known regional company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or Geico.

When buying insurance coverage, you should never skimp on coverage in order to save money. There have been many situations where consumers will sacrifice physical damage coverage only to discover later that the savings was not a smart move. Your strategy should be to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

More tips and info about insurance coverage can be found in these articles:

• Neck Injury FAQ (iihs.org)
• Things to Know Before you Cancel Insurance (Allstate)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Distracted Driving Extends Beyond Texting (State Farm)