2006 Volvo V70 Insurance Quotes – 7 Tips for Cheaper Rates

Looking for better car insurance rates for your Volvo V70? Being forced to pay for high-priced car insurance premiums can drain your bank account and force you to tighten up your finances. Doing a rate comparison can help to ensure you are getting the best deal.

There is such a variety of auto insurance companies to choose from, and though it is a good thing to have multiple companies, so many choices can make it hard to find the best rates.

It’s a good idea to get comparison quotes on a regular basis due to the fact that insurance rates are rarely the same from one policy term to another. Even if you think you had the best rate for V70 insurance two years ago other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because you’re about to learn one of the easiest ways to buy cheaper car insurance.

The purpose of this post is to teach you the most effective way to quote insurance and some tricks to saving. If you are paying for car insurance now, you will be able to cut costs considerably using these techniques. But car owners can benefit by having an understanding of how big insurance companies market insurance on the web because it can help you find the best coverage.

Seven discounts for affordable insurance rates

Companies don’t always publicize every discount very clearly, so the following list contains some of the best known and also the lesser-known insurance savings.

  • Accident Forgiveness Coverage – Not necessarily a discount, but companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before they charge you more for coverage if you are claim-free before the accident.
  • Mature Driver Discount – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% for V70 insurance.
  • Discount for Good Grades – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
  • Safe Driver Discounts – Drivers who don’t get into accidents could pay up to 40% less for V70 insurance compared to accident prone drivers.
  • Discounts for New Vehicles – Adding a new car to your policy can get you a discount because new vehicles have to meet stringent safety requirements.
  • Driving Data Discount – Policyholders that allow their insurance company to track driving patterns by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks if they are good drivers.
  • Multi-car Discount – Buying a policy with multiple cars or trucks with the same insurance company can reduce rates for all insured vehicles.

One last thing about discounts, most discount credits are not given to all coverage premiums. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.

A few of the larger companies and a summarized list of policyholder discounts are shown below.

  • 21st Century may offer discounts for anti-lock brakes, air bags, good student, student driver, and early bird.
  • Progressive offers discounts including online signing, continuous coverage, homeowner, multi-vehicle, online quote discount, and good student.
  • State Farm offers discounts for driver’s education, Drive Safe & Save, safe vehicle, defensive driving training, accident-free, and good student.
  • Nationwide offers premium reductions for business or organization, Farm Bureau membership, good student, anti-theft, and multi-policy.
  • Esurance may include discounts for good student, paid-in-full, claim free, anti-theft, and good driver.
  • The Hartford policyholders can earn discounts including air bag, defensive driver, driver training, anti-theft, bundle, good student, and vehicle fuel type.

When comparing rates, check with each company which credits you are entitled to. Depending on the company, some discounts might not be offered in your area. To choose insurers that offer some of these discounts, click here.

Insurance advertising tricks

Companies like GEICO, State Farm and Progressive consistently run ads in print and on television. All the companies advertise the message that drivers can save some big amount if you switch your coverage. How is it possible that every company can say the same thing? This is the trick they use.

Most companies can use profiling for a prospective insured that will most likely be profitable. One example of a profitable insured may be between the ages of 30 and 45, has other policies, and drives less than 5,000 miles a year. Any customer that hits that “sweet spot” will get the preferred rates and will most likely save some money.

Potential customers who are not a match for these stringent criteria will be quoted higher premiums which results in the customer not buying. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” save money. This is how insurance companies can confidently advertise the way they do.

Each company has different criteria, so you really need to do a price quote comparison at every renewal. It’s just too difficult to predict with any certainty which company will provide you with the cheapest prices.

You may need specialized car insurance coverage

When choosing adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different so your insurance should reflect that These are some specific questions could help you determine if your insurance needs will benefit from professional help.

  • Does having multiple vehicles earn me a discount?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered when driving on a suspended license?
  • Should I have a commercial auto policy?
  • Am I missing any policy discounts?
  • Does car insurance cover theft of personal property?
  • How do I file an SR-22 for a DUI in my state?
  • Do I need replacement cost coverage on my 2006 Volvo V70?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Insurance coverage options for a 2006 Volvo V70

Learning about specific coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types offered by insurance companies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from getting keyed, vandalism, a broken windshield and theft. The most 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 it’s probably time to drop comprehensive insurance.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as rehabilitation expenses, funeral costs and nursing services. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Volvo V70.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Auto liability insurance

Liability coverage can cover damage that occurs to people or other property that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things such as court costs, emergency aid, attorney fees, repair costs for stationary objects and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverage

Collision insurance will pay to fix damage to your V70 resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as driving through your garage door, hitting a parking meter, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Shop smart and save

Throughout this article, we presented many ways to reduce 2006 Volvo V70 insurance premium rates online. It’s most important to understand that the more companies you get prices for, the higher your chance of finding affordable car insurance. Drivers may discover the lowest premium rates come from some of the smallest insurance companies. Some small companies may only write in your state and offer lower prices compared to the large companies like Allstate and Progressive.

A few companies do not offer online quoting and most of the time these smaller providers provide coverage only through local independent agents. Cheap 2006 Volvo V70 insurance is definitely available from both online companies and from local agencies, so you should compare both to get a complete price analysis.

Much more information about car insurance is available on the following sites:

Comments About 2006 Volvo V70 Insurance

  1. Lorena Yates

    Liked the article. I’m in the suburbs of Concord, NH. Quoted quotes from Amica, Safeco, and a few others for my 2006 Volvo V70 and cut my rates about $450 a year. They have free quotes online.

  2. Angla Paul

    I live south of Indianapolis, Indiana. I compared lots of rates. Saved roughly $70 a month. State Farm was the most affordable for me. Hardly afford to drive anymore.

  3. China Hickman

    What is Underinsured Motorist coverage?

  4. Angelique Mccormick

    I’m just north of Seattle, Washington. Compared quite a few companies. Saved right around $30 a month. GEICO was the cheapest option for me. It was easy to get rates.

  5. Fabian Sawyer

    Hope my car insurance gets cheaper. From east side of Wilmington, DE. Got free quotes online for a 2006 Volvo V70. Ended up at about $340 savings annually. Went with State Farm. I have a teen driver too.

  6. Mao Andrews

    If you don’t have tickets and live near Columbia, SC, check out State Farm. They seem to be cheaper. Left 21st Century to switch. Have a couple speeding tickets too.

  7. Ema Clarke

    Corporate greed I’m telling you. I’m from Spokane, WA. Got quotes with GMAC, Auto-Owners, Safeco, and a couple others for my 2006 Volvo V70 and saved about $500 a year. Even increased coverage a bit.

  8. Lon Guzman

    I found pretty cheap rate quotes for a 2006 Volvo V70 in Grand Forks, North Dakota. Ended up at about $280 every six months with AIG Insurance.

  9. Dominica Hampton

    I’m from Fayetteville, AR. Got rates from Progressive, Hartford, and Erie for my V70 and I think I cut my rates about $60 each month. Was with AAA.

  10. Luz Greer

    From northwest of Providence, RI. Quoted with GEICO, Auto-Owners, and some I forget for my 2006 Volvo V70 and saved $480 a year. Just go online and compare their rates.

  11. Temika Velasquez

    Good detail in your article. I live west of Knoxville, TN. I got free quotes with AAA, Mercury, and a few others for my V70 and I’m now saving $40 a month. Are quotes cheaper online?

  12. Luba Mays

    It’s all a rip off. Lifelong resident of Jackson, MS. Quoted prices online for a 2006 Volvo V70. Ended up at about $570 savings annually. Went with 21st Century. Left American Family to switch. Even increased coverage a bit.

  13. Beatris Skinner

    It’s all a rip off. I live just to the south of Concord, New Hampshire. Received quotes with AIG Insurance, Farmers, and MetLife for my 2006 Volvo V70 and I’m now saving $60 a month. I increased coverages a little too. I recommend comparing lots of rates.

  14. Mose Burks

    Anyone try to read their policy?

  15. Tristan Graham

    I live in a small town just outside of Augusta, GA. Got car insurance rates from Safeco, Esurance, 21st Century, and American Family for my 2006 Volvo V70 and I’m now saving $33 a month.

  16. Damian Short

    $100 to anyone who understands their policy.

  17. Aleta Pratt

    If you have a good history and live around Kansas City, Missouri, check out GEICO. They seem to be cheaper. I think they have home insurance too.