Cheaper 2009 Volvo S60 Insurance Rates

Paying for high-priced Volvo S60 insurance can stress out your accounts and force you to make tough financial choices. Doing a price comparison is a fast and free way to cut your insurance bill.

Many auto insurance companies vie to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the best price available.

It’s a good habit to price shop coverage on a regular basis since rates are rarely the same from one policy term to another. Even if you got the lowest rate on S60 insurance a couple years back other companies may now be cheaper. You’ll find a ton of advice on insurance coverage out there, but by reading this article, you’re going to learn some good information on how to put money back in your pocket.

If you currently have car insurance, you should be able to save some money using these methods. Finding the best rates is not rocket science. But drivers can benefit from knowing how companies compete online and use this information to your advantage.

Auto insurance quotes comparison

The are a couple different ways to compare rate quotes from companies that offer auto insurance in your state. The best method to lower the rate you pay for 2009 Volvo S60 insurance is to use the internet to compare rates. This is quite simple and can be completed by using one of the methods below.

1. The fastest way to get quotes for comparison is a comparison rater form like this one (opens in new window). This style of form eliminates the need for multiple quote forms for each company. Completing one form gets rate comparisons instantly.
2. Another way to get quotes online is to manually visit the website of each company and go through the quote process again. For examples sake, let’s say you want to compare rates from Farmers, State Farm and Liberty Mutual. To find out each rate you need to go to each individual site and punch in your information repeatedly, which can get rather old.

   For a list of links to companies insuring cars in your area, click here.

3. The final method to comparison shop is going to insurance agents’ offices. The internet has reduced the need for local agents unless you prefer the advice and guidance that only an agent can give. If you prefer, some companies allow you to comparison shop your insurance online but have your policy serviced through an agent.

The method you choose is up to you, but make sure you compare the exact same coverage limits and deductibles for each comparison quote. If the quotes have different liability limits it will be next to impossible to determine which rate is truly the best. Just slight variations in insurance coverages or limits can make a big difference in price. And when price shopping your coverage, comparing a wide range of rates will enable you to find a lower rate. Some smaller insurers to not give online rate quotes, so you need to compare price quotes from them as well.

You may qualify for discounts

Companies don’t always publicize their entire list of discounts very well, so the below list has some of the more common in addition to some of the lesser obvious discounts that you may qualify for.

• Switch and Save Discount – A few insurance coverage companies offer discounts for switching to them prior to the expiration date on your current policy. This can save 10% or more.
• Membership in Organizations – Participating in qualifying clubs or civic groups could trigger savings on your next insurance coverage statement.
• Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and qualify for as much as a 10% discount.
• Discount for Home Ownership – Just being a homeowner can help you save on insurance coverage because it shows financial diligence.
• Accident Free – Good drivers with no accidents can save substantially in comparison with accident-prone drivers.
• Telematics Devices – Insureds that choose to allow their company to study where and when they drive through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if their driving habits are good.
• Military Rewards – Having a deployed family member could mean lower insurance coverage rates.
• Student Driver Training – Have your child enroll and complete driver’s education in high school.
• Responsible Drivers – Drivers who avoid accidents can pay as much as 50% less on S60 insurance than drivers with accidents.
• Employee of Federal Government – Federal government employees could cut as much as 10% off on S60 insurance with select insurance companies.

As is typical with insurance, many deductions do not apply the the whole policy. A few only apply to individual premiums such as medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, it just doesn’t work that way. Any amount of discount will reduce the cost of coverage.

A few companies that may include most of these discounts may include but are not limited to:

• State Farm
• Geico
• SAFECO
• Farmers Insurance
• AAA
• USAA

When quoting, ask all the companies to give you their best rates. A few discounts may not apply to policyholders in your area.

There’s no such thing as the perfect car insurance policy

When it comes to choosing the best car insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. For example, these questions can aid in determining if your situation might need an agent’s assistance.

• Do I pay less if my vehicle is kept in my garage?
• Are my friends covered when driving my car?
• What is the ISO rating for a 2009 Volvo S60?
• Why do I only qualify for high-risk insurance?
• Should I waive the damage coverage when renting a car?
• Am I covered by my spouse’s policy after a separation?
• Do I need motorclub coverage?
• Am I covered if hit by an uninsured driver?
• Am I covered if I wreck a rental car?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Insurance policy specifics

Learning about specific coverages of your policy can help you determine the right coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.

Liability car insurance

Liability coverage protects you from damage or injury you incur to a person or their property in an accident. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like repair costs for stationary objects, court costs, emergency aid, loss of income and pain and suffering. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Volvo S60.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Comprehensive coverages

Comprehensive insurance will pay to fix 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 can pay for things like vandalism, damage from a tornado or hurricane and hitting a bird. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as prosthetic devices, pain medications and chiropractic care. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Collision coverage

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

Collision coverage pays for things like scraping a guard rail, colliding with a tree, colliding with another moving vehicle, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.