Compare 2008 Volvo V50 Insurance Rates

Looking for the cheapest car insurance rates for your Volvo V50? Finding the cheapest insurance for a new or used Volvo V50 could be a painful process, but you can learn a few tricks to find lower rates. There are more efficient ways to shop for car insurance and we’ll show you the proper way to price shop coverage for a new or used Volvo and locate the cheapest rates from both online companies and local agents.

It’s smart to shop coverage around at least once a year because car insurance prices change regularly. Just because you found the best rates on V50 coverage two years ago other companies may now be cheaper. Block out anything you think you know about car insurance because you’re about to find out the right way to find great coverage at a great price.

Finding affordable coverage is not rocket science. If you have insurance now or are looking for a new policy, you can follow these tips to reduce the price you pay while maximizing coverage. Drivers just need to know the proper way to shop for auto insurance on the web.

Do you qualify for discounts?

Auto insurance companies don’t always advertise all their discounts very clearly, so the following list contains a few of the more common and also the lesser-known savings tricks you should be using when you buy car insurance online. If you don’t get every credit you deserve, you are paying more than you should be.

• Low Mileage – Low annual miles may allow you to get lower auto insurancerates on the low mileage vehicles.
• Passive Restraint Discount – Factory air bags or automatic seat belts can receive discounts as much as 30%.
• Seat Belt Discounts – Buckling up and requiring all passengers to use a seat belt could save 15% off PIP or medical payments premium.
• Telematics Discount – People who choose to allow data collection to track driving patterns by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they are good drivers.
• No Accidents – Insureds who avoid accidents and claims get the best auto insurance rates in comparison with bad drivers.
• College Student Discount – Kids who attend college more than 100 miles from home and leave their car at home can be insured at a reduced rate.

Just know that most credits do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, you won’t be that lucky. Any qualifying discounts should help reduce your policy premiums.

A list of auto insurance companies and a summarized list of policyholder discounts are outlined below.

• Progressive has savings for homeowner, continuous coverage, multi-policy, online quote discount, good student, multi-vehicle, and online signing.
• Farmers Insurance includes discounts for business and professional, alternative fuel, switch companies, early shopping, and pay in full.
• Farm Bureau offers discounts including good student, multi-vehicle, renewal discount, driver training, youthful driver, safe driver, and multi-policy.
• State Farm offers premium reductions for Steer Clear safe driver discount, defensive driving training, good driver, good student, and anti-theft.
• Geico policyholders can earn discounts including air bags, multi-policy, seat belt use, multi-vehicle, good student, emergency military deployment, and anti-theft.
• SAFECO may have discounts that include teen safety rewards, bundle discounts, accident prevention training, drive less, safe driver, homeowner, and teen safe driver.
• Liberty Mutual may offer discounts for multi-car, safety features, exclusive group savings, new move discount, good student, and newly married.

When getting a coverage quote, ask each company or agent the best way to save money. Some of the earlier mentioned discounts may not apply in your state.

How to buy insurance coverage online

Most of the larger companies allow you to get price estimates directly from their websites. Getting online rates is easy for anyone as you simply type in into the form. Once you submit the form, the quote system collects reports for credit and driving violations and returns a price quote.

Online quotes makes it a lot easier to compare rates but the time it takes to visit each company’s website and repetitively enter the same data into a form is not the best way to spend an afternoon. But it’s very important to perform this step if you are searching for the lowest possible prices on insurance coverage.

Quote rates the easy way

The easiest way to locate the lowest prices is to use a quote form to obtain quotes from a bunch of companies at once. It saves time, eliminates repetitive work, and makes online quotes much easier to do. As soon as you send your information, it is quoted and you are able to buy any one of the returned quotes. If you find a better price it’s easy to complete the application and buy the policy. This process takes 15 minutes at the most and you’ll know if lower rates are available.

In order to use this form to compare rates, click here to open in new window and complete the simple form. If you currently have coverage, we recommend you complete the form with deductibles and limits identical to your current policy. This ensures you’re receiving comparison quotes based on similar coverages.

Don’t assume everyone needs the same insurance coverage coverage

When choosing adequate coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different.

For example, these questions may help highlight if you may require specific advice.

• Is pleasure use cheaper than using my 2008 Volvo V50 to commute?
• How can I force my company to pay a claim?
• When should I not file a claim?
• Should I buy additional glass protection?
• What is UM/UIM insurance?
• Is my nanny covered when driving my vehicle?
• Does my insurance cover my expensive audio equipment?
• Is a fancy paint job covered?
• Do I have coverage for damage caused while driving under the influence?
• Am I insured when driving a different vehicle?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.

Detailed coverages of your insurance policy

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverage – This coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as rock chips in glass, damage from flooding, falling objects, vandalism and theft. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Volvo V50.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto liability – This coverage will cover damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as medical expenses, funeral expenses and emergency aid. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses like EMT expenses, funeral costs and X-ray expenses. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision – This coverage covers damage to your V50 resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as sideswiping another vehicle, hitting a parking meter, driving through your garage door, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

More choices the merrier

In this article, we covered a lot of tips how to save on 2008 Volvo V50 insurance. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. You may be surprised to find that the best prices are with a company that doesn’t do a lot of advertising.

Lower-priced auto insurance is possible from both online companies in addition to many insurance agents, and you should compare rates from both so you have a total pricing picture. There are still a few companies who may not have internet price quotes and most of the time these smaller providers only sell through independent agents.

As you quote car insurance, you should never skimp on critical coverages to save a buck or two. There have been many situations where an insured cut collision coverage only to find out that the savings was not a smart move. The proper strategy is to buy enough coverage at the lowest possible cost while not skimping on critical coverages.

For more information, take a look at these articles:

• Side Impact Crash Tests (iihs.org)
• Speed and Speed Limit FAQ (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Collision Insurance Coverage (Nationwide)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)