How Much Does 2007 Volvo V70 Insurance Cost?

Trying to find the cheapest car insurance rates for your Volvo V70? Comparing and finding cheaper rates for Driverscar insurance can be nearly impossible for beginners to buying insurance online. With a ridiculous number of companies, it can easily be a difficult situation to locate the lowest price.

This article will instruct you on how car insurance quotes work. If you have car insurance now, you should be able to reduce your rates substantially using this strategy. Although consumers need to have an understanding of the methods companies use to sell insurance online because it can help you find the best coverage.

Find discounts on insurance coverage

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that you may not even know about. Many of these discounts will be applied automatically when you purchase, but some need to be specially asked for in order for you to get them.

  • Multi-Vehicle Discounts – Purchasing coverage when you have primary and secondary vehicles with the same company can reduce rates for all insured vehicles.
  • Professional Memberships – Joining a civic or occupational organization could earn you a nice discount on your policy.
  • Defensive Driver – Participating in a defensive driver course could save 5% or more if your company offers it.
  • Include Life Insurance and Save – If the company offers life insurance, you could get a discounted price on car insurance if you buy some life insurance in addition to your auto policy.
  • Paperless Signup – A handful of insurance coverage companies may give you up to $50 get insurance coverage over the internet.
  • Onboard Data Collection – Drivers that enable their company to study where and when they drive by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might see lower rates as long as the data is positive.
  • Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and will qualify for a discount on a insurance coverage quote.

Discounts save money, but please remember that some credits don’t apply to the entire policy premium. The majority will only reduce specific coverage prices like collision or personal injury protection. So despite the fact that it appears you could get a free insurance coverage policy, nobody gets a free ride.

Auto insurance companies who may offer many of the previously listed discounts include:

When getting a coverage quote, ask each company or agent which discounts you may be entitled to. Some of the earlier mentioned discounts might not apply in your area.

Insurance costs are influenced by these factors

Many things are part of the calculation when you get a price on insurance. Most are fairly basic such as your driving history, but others are not as apparent like your vehicle usage or how safe your car is.

  • Traffic violations are costly – Drivers with clean records get better rates than bad drivers. Having just one speeding ticket can increase the cost of insurance twenty percent or more. Drivers who get serious violations like reckless driving, hit and run or driving under the influence may be required to prove financial responsibility with their state in order to keep their license.
  • Choose high crash test ratings and save – Vehicles that have high safety ratings tend to have lower insurance rates. The safest vehicles reduce injuries and better occupant protection translates directly to fewer claims and thus lower rates. If your Volvo is rated at least four stars on or an “acceptable” rating on it may cost less to insure.
  • Gender as a rate factor – The statistics show that females take fewer risks when driving. That doesn’t necessarily mean that females are better at driving than males. Both sexes cause accidents at about the same rate, but males tend to have higher claims. Not only are claims higher, but men receive more major tickets such as DWI and reckless driving.
  • Pay more out-of-pocket – Insurance for physical damage, aka comp and collision, insures against damage to your Volvo. Examples of covered claims could be colliding with a building, vandalism, and damage caused by flying debris. Comprehensive and collision coverage deductibles are how much you are willing to pay out-of-pocket in the event of a claim. The larger the amount you choose to pay out-of-pocket, the lower your rates will be for V70 insurance.
  • Single drivers take more risk – Having a significant other may earn you lower rates on your auto insurance policy. Marriage means you’re more mature and it’s statistically proven that married drivers get in fewer accidents.
  • Vocation stress can make you pay more – Do you have a high-stress occupation? Occupations like military generalspolice officers and financial analysts tend to pay higher premiums than the average policyholder in part from job stress and lengthy work days. Other jobs like farmers, historians and homemakers generally pay rates lower than average for V70 insurance.
  • Premiums are affected by your credit rating – An insured’s credit history is a large factor in determining what you pay for auto insurance. Drivers who have very good credit scores tend to be better risks to insure as compared to drivers with poor credit. Therefore, if your credit history could use some work, you may save money insuring your 2007 Volvo V70 by taking the time to improve your credit score.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is unique.

For example, these questions might help in determining if you may require specific advice.

  • Can my teen driver be rated on a liability-only vehicle?
  • Is my teenager covered with friends in the car?
  • Does my insurance cover a custom paint job?
  • Am I covered when pulling a rental trailer?
  • Am I covered if I wreck a rental car?
  • Which is better, split liability limits or combined limits?
  • Do all my vehicles need collision coverage?
  • If my 2007 Volvo V70 is totaled, can I afford another vehicle?
  • Will my rates increase for filing one claim?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Auto insurance myths debunked

Auto insurance providers like 21st Century, Allstate and State Farm constantly bombard you with television and radio advertisements. All the companies state the claim about savings if you change your policy. How does every auto insurance company save you money?

Insurance companies have specific characteristics for the type of driver that earns them a profit. For instance, a preferred risk might have to be over the age of 50, owns a home, and drives a vehicle with a low ISO rating. A propective insured who meets those qualifications gets the lowest rates and is almost guaranteed to cut their rates substantially.

Drivers who are not a match for this stringent profile may receive a higher rate which translates to the customer buying from a different company. The wording the ads use say “drivers who switch” not “everyone who quotes” save money. That’s the way insurance companies can confidently state the savings.

Because of this risk profiling, it’s extremely important to do a rate comparison at every renewal. You cannot predict which auto insurance company will have the lowest rates.

Insurance coverages 101

Understanding the coverages of a insurance policy can help you determine the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Collision protection

Collision coverage pays for damage to your V70 resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like damaging your car on a curb, colliding with another moving vehicle, sustaining damage from a pot hole, hitting a parking meter and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Auto liability

Liability insurance provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims such as attorney fees, repair costs for stationary objects and structural damage. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, falling objects and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2007 Volvo V70.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Insurance for medical payments

Med pay and PIP coverage pay for immediate expenses like hospital visits, chiropractic care and doctor visits. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Saving money is sweet as honey

Budget-friendly auto insurance is attainable on the web and from local agencies, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies may not offer the ability to get quotes online and most of the time these small insurance companies prefer to sell through independent agents.

As you prepare to switch companies, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped liability coverage limits and learned later that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase a proper amount of coverage at a price you can afford, but don’t skip important coverages to save money.

People switch companies for a variety of reasons including denial of a claim, high prices, delays in responding to claim requests and being labeled a high risk driver. Whatever your reason, finding a new auto insurance company is easier than you think.

Additional detailed information is available in the articles below:

Comments About 2007 Volvo V70 Insurance

  1. Victoria Johnston

    For me, Allstate was by far the cheapest in Charleston, West Virginia.

  2. Virgil Lamb

    I can’t pay high rates. Live in the eastern part of Colorado Springs, CO. Received quotes with AIG Insurance, Sentry, and some smaller one I can’t remember the name of for my 2007 Volvo V70 and I think I cut my rates about $70 each month. Good savings if you bundle. God forbid I actually have a claim.

  3. Alton Walls

    I compared a lot of rate quotes for a 2007 Volvo V70 in Fort Wayne, IN. Ended up at darn near $200 every six months with Auto-Owners. Was with AAA. I’m a pretty good driver though.

  4. Sheldon Cox

    I’m in the north part of Frederick, MD. I got free prices from American Family, Nationwide, and a few others for my Volvo and I’m now saving $16 a month. It’s easy to compare rates online now.

  5. Gracie Moody

    Located in Provo, UT. Quoted quotes with GEICO, Amica, and Eastwood for my 2007 Volvo V70 and saved just over $430 a year. Insured with Farmers before. Hopefully won’t need it. Might find lower rates online.

  6. Xuan Larsen

    Any claims experience with 21st Century in Newark, DE?

  7. Vanetta Summers

    Corporate greed I’m telling you. I’m in the north part of Louisville, KY. Quoted with State Farm, Hartford, and Encompass for my V70 and am saving around $390 a year. I just quoted rates online.

  8. Lera Reynolds

    Cheapest quote for my 2007 Volvo V70 was with Eastwood. BTW speeding tickets are not good.

  9. Aleshia Soto

    Good site, thanks. From Missoula, MT. I compared lots of rates. Saved about $40 a month. 21st Century was the best choice for me. I get lower rates because of my clean driving record.

  10. Beatris Cline

    Great info, thanks for posting. I live north of New Orleans, LA. Got quotes with State Farm, American Family, and Eastwood for my Volvo and I’m now saving $54 a month. I got prices on the web.

  11. Lester Drake

    Well-written and thought out article. From west side of Rockford, Illinois. Quoted rates from Liberty Mutual, American Family, MetLife, and a couple others for my 2007 Volvo V70 and I’m now saving $62 a month. Was with GEICO. I’m a pretty low risk driver. :P

  12. Milda Fitzgerald

    For me, Progressive was by far the cheapest in Aurora, Colorado.

  13. John Moses

    Can I get replacement cost coverage for a 2007 Volvo V70?

  14. Gianna Neal

    Progressive was cheapest for my 2007 Volvo V70 in Columbus, GA.