Cheap 2005 Volvo S60 Insurance Quotes

Looking for lower car insurance rates for your Volvo S60? If you’re shopping for more affordable insurance, are you intimidated by the dozens of car insurance providers? You have such a large number of options that it can be a lot of work to locate the lowest rates.

It’s important to check car insurance prices periodically because insurance prices trend upward over time. Just because you found the lowest price for S60 coverage a few years ago you may be paying too much now. Block out anything you think you know about car insurance because we’re going to demonstrate one of the best ways to reduce your cost while improving coverage.

If you currently have car insurance, you should be able to save some money using this strategy. This information will instruct you on how car insurance quotes work and some tips to save money. But car owners must understand how companies determine prices.

Compare quotes for car insurance

All the larger car insurance companies such as State Farm, GEICO and Progressive make it easy to get price estimates online. Doing online price comparisons is fairly straightforward because it’s just a matter of typing in your coverage information as detailed in the form. After the form is submitted, their system gets your credit score and driving record and generates a price determined by many factors.

This makes it a lot easier to compare rates but the time it takes to visit each company’s website and repetitively type in the same information is repetitive and time-consuming. Unfortunately, it is important to do this in order to find a lower rate.

A less time-consuming method to find cheaper rates uses one simple form to obtain quotes from more than one company. It saves time, reduces the work, and makes online shopping much easier. Once the form is submitted, your coverage is rated and you are able to buy any of the quotes returned.

If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. It only takes a few minutes and may result in a nice savings.

To find out how much you can save on car insurance, simply click here to open in new window and enter your vehicle and coverage information. To compare your current rates, we recommend you copy the insurance coverages identical to your current policy. Doing this guarantees you will get a rate comparison based on identical coverages.

Tricks in auto insurance advertising

Respected companies like State Farm, GEICO and Progressive endlessly run television and radio advertisements. All the ads tend to make the same promise that you’ll save big if you change your auto insurance coverage to their company. How is it plausible that every one can give you a better price? Here is how they do it.

All the different companies require specific criteria for the type of driver that will most likely be profitable. An example of this type of risk profile should be over the age of 45, has no prior claims, and drives a vehicle with a low ISO rating. A propective insured that meets those criteria may get the lowest prices and have a good chance to cut their rates substantially.

Potential customers who don’t measure up to the “perfect” profile will get more expensive rates which translates to the driver buying from a lower-cost company. The trick is to say “customers that switch” but not “all drivers who get quotes” save that kind of money. That’s the way companies can truthfully make those claims.

Because every company is different, you need to get price quotes at each policy renewal. It is impossible to predict which insurance companies will have the lowest premium rates for your situation.

Save money with these tips

It’s important that you understand a few of the rating criteria that come into play when calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that can help you get much lower annual insurance costs.

  • A good credit rating can save money – Credit score factor in determining what you pay for car insurance. If your credit leaves room for improvement, you could potentially save money when insuring your 2005 Volvo S60 by spending a little time repairing your credit. Insureds that have excellent credit tend to be better drivers and file fewer claims as compared to drivers with worse credit.
  • Are males or females drivers cheaper? – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. The data does not necessarily mean that males are worse at driving than females. Men and women tend to get into accidents at about the same rate, but men have accidents that have higher claims. Men also statistically get cited for more serious violations like DUI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure so they pay the highest premiums.
  • Theft deterrents lowers rates – Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart car theft and help bring rates down.
  • Use but don’t abuse your insurance – If you frequently file small claims, you should expect higher rates. Insurance companies provide the best rates to people who are not frequent claim filers. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
  • Occupation impacts rates – Careers like military generalsair traffic controllers and stock brokers tend to have higher average rates attributed to intense work requirements and long work days. Conversely, jobs such as actors, athletes and homemakers get better rates for S60 coverage.
  • Defend yourself with liability – The liability section of your policy will afford coverage if you are ruled to be at fault for personal injury or accident damage. This coverage provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.
  • How many miles do you drive? – The higher the miles on your Volvo annually the more you will pay for car insurance. Most insurance companies apply a rate based on how the vehicle is used. Cars that do not get driven very much receive better premium rates than vehicles that are driven to work every day. Having the wrong rating on your S60 may be costing you higher rates. It’s always a good idea to double check that your car insurance policy shows how each vehicle is driven.

Find discounts to get cheap insurance coverage rates

Some insurers don’t always advertise all possible discounts in an easy-to-find place, so the below list has both the well known as well as some of the hidden discounts you could be receiving when you buy car insurance online.

  • Accident Free – Insureds who avoid accidents and claims can save substantially in comparison with frequent claim filers.
  • Accident Waiver – Not necessarily a discount, but companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
  • Lower Rates for Military – Having a deployed family member can result in better rates.
  • Save over 55 – Drivers that qualify as senior citizens are able to get reduced rates for S60 coverage.
  • Multi-policy Discount – When you combine your auto and home insurance with one insurance company they may give you a discount of up to 20% off your total premium.
  • Government Employees – Simply working for the federal government can earn a discount up to 10% for S60 coverage depending on your company.

You should keep in mind that most credits do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

Larger insurance coverage companies and some of the discounts include:

  • Farm Bureau discounts include multi-policy, driver training, 55 and retired, renewal discount, and good student.
  • Liberty Mutual may include discounts for new graduate, multi-car, newly retired, exclusive group savings, and new move discount.
  • State Farm has savings for safe vehicle, multiple autos, passive restraint, accident-free, and good student.
  • Auto-Owners Insurance includes discounts for group or association, multiple vehicles, anti-theft, anti-lock brakes, and company car.
  • GEICO may have discounts that include defensive driver, five-year accident-free, federal employee, anti-lock brakes, and military active duty.
  • SAFECO offers premium reductions for accident prevention training, teen safety rewards, safe driver, anti-lock brakes, anti-theft, and homeowner.

It’s a good idea to ask all companies you are considering which discounts they offer. All car insurance discounts may not apply everywhere. If you would like to view companies who offer discounts, follow this link.

Tailor your car insurance coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique.

These are some specific questions could help you determine if your situation will benefit from professional help.

  • Should I file a claim if it’s only slightly more than my deductible?
  • When can my company non-renew my policy?
  • Do I need rental car coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I have coverage for damage caused while driving under the influence?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Why does it cost so much to insure a teen driver?
  • What happens if I owe more than my 2005 Volvo S60 is worth?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Learn about insurance coverages for a 2005 Volvo S60

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Liability auto insurance

This coverage provides protection from damage that occurs to a person or their property by causing an accident. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as emergency aid, medical expenses, court costs, funeral expenses and legal defense fees. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Coverage for uninsured or underinsured drivers

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these coverages do not exceed the liability coverage limits.

Comprehensive insurance

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like falling objects, damage from a tornado or hurricane, theft, hitting a deer and fire damage. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for immediate expenses like pain medications, EMT expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision insurance

This coverage will pay to fix damage to your S60 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, colliding with another moving vehicle, sustaining damage from a pot hole, sideswiping another vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Take this to the bank

Lower-priced 2005 Volvo S60 insurance is attainable online as well as from insurance agents, so you need to shop car insurance with both to have the best rate selection. There are still a few companies who do not provide price quotes online and most of the time these regional insurance providers only sell through independent agencies.

As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. Too many times, an insured dropped uninsured motorist or liability limits only to regret that they should have had better coverage. Your focus should be to find the BEST coverage at the best cost while not skimping on critical coverages.

Insureds leave their current company for a variety of reasons including being labeled a high risk driver, questionable increases in premium, extreme rates for teen drivers or even policy non-renewal. Regardless of your reason, switching insurance coverage companies is pretty easy and you might even save some money in the process.

Much more information about insurance coverage is located on the following sites:

Comments About 2005 Volvo S60 Insurance

  1. Colby Haley

    Good detail in your article. Live in Little Rock, AR. Got quotes with Travelers, AIG Insurance, Hanover, and Mercury for my Volvo and saved just over $330 a year.

  2. Raleigh Hays

    When should I drop comp and collision?

  3. Marilou Valencia

    Just a quick comment on my experience. I’m in the suburbs of Little Rock, Arkansas. Got free quotes online for a 2005 Volvo S60. Ended up at about $180 savings annually. Went with Allstate. Highly recommended.

  4. Syble Stokes

    Any companies in Rio Rancho, NM that will insure a DUI?

  5. Carola Maxwell

    Does Allstate prorate premiums at cancellation?

  6. Kizzie Craig

    Does GEICO have good claim service?

  7. Arturo Riggs

    In Des Moines, IA, Allstate auto insurance rates for my 2005 Volvo S60 were good. Was with Eastwood.

  8. Joseph Nash

    If you’re around Fayetteville, AR try Allstate and Progressive and see which is cheaper.

  9. Wilhelmina Beasley

    From northwest of Minneapolis, Minnesota. I quoted with Auto-Owners, Nationwide, and some smaller one I can’t remember the name of for my S60 and I’m now saving $40 a month. Was with State Farm. God forbid I actually have a claim.

  10. Adelle Cameron

    What is UM/UIM coverage?

  11. Dahlia Ayala

    Lifelong resident of Memphis, TN. Quoted with 21st Century, Amica, and some I forget for my 2005 Volvo S60 and saved just over $410 a year. Good multi-policy discounts.