Save on 2009 Volvo V50 Insurance Rates

Trying to find cheaper auto insurance rates for your Volvo V50? Online price comparisons for inexpensive insurance can be difficult if you’ve never compared price quotes online. But keep reading because it’s actually quite easy.

It’s important to price shop coverage occasionally since prices go up and down regularly. Just because you had the lowest rates for V50 insurance a year ago you may be paying too much now. You can find a lot of misleading information regarding auto insurance on the web, but I’m going to show you some proven techniques to buy auto insurance cheaper.

The method we recommend to compare policy rates is to understand all the major auto insurance companies allow for online access to give you rate quotes. To begin a comparison, all you need to do is provide information including how much coverage you want, how much education you have, the type of vehicles you drive, and what your job is. The rating information is instantly provided to many different companies and they return cost estimate instantly.

To check rates for your car now, click here and complete the quick form.

Components of your Volvo V50 insurance rates

Lots of factors are taken into consideration when quoting car insurance. Some of the criteria are obvious such as your driving record, although others are more obscure such as your credit history or your commute time.When buying insurance it’s important to understand the rating factors that go into determining your insurance rates. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get much lower annual insurance costs.

• Higher comp and collision deductibles are cheaper – Physical damage insurance, also called ‘full coverage’, protects your Volvo from damage. Examples of some claims that would be covered would be a broken side mirror, hitting a deer, and damage from a fallen tree branch. Physical damage deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more of the claim the insured is willing to pay, the less your company will charge you for insurance for V50 insurance.
• Safety ratings are a factor – Vehicles with high crash test scores tend to be cheaper to insure. These vehicles reduce the chance of injuries and lower rates of occupant injuries means your insurance company pays less and lower rates for you. If your Volvo has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
• Buy as much liability protection as you can afford – A critical coverage on your policy, liability insurance will provide protection when you are responsible for causing damage or personal injury in an accident. It will provide legal defense coverage up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
• Know your credit rating – Credit score factor in your rate calculation. If your credit rating is lower than you’d like, you could save money insuring your 2009 Volvo V50 by repairing your credit. People with high credit scores tend to be more responsible as compared to drivers with poor credit.

More discounts mean affordable premiums

Insurance coverage is neither fun to buy or cheap, but you might find some hidden discounts that could help you make your next renewal payment. A few discounts will be applied when you quote, but some discounts are required to be asked for prior to getting the savings.

• Student Discount for Driver Training – Teen drivers should sucessfully take a drivers education course in high school.
• New Vehicle Savings – Putting insurance coverage coverage on a new car can cost up to 25% less due to better safety requirements for newer vehicles.
• Professional Organizations – Joining a professional or civic organization could earn you a nice discount on your bill.
• 55 and Retired – Drivers that qualify as senior citizens may qualify for a discount up to 10% for V50 insurance.
• Driving Data Discount – Drivers who agree to allow data collection to track their driving habits by using a small device installed in their vehicle such as Drivewise from Allstate or Snapshot from Progressive might see lower rates as long as the data is positive.
• Military Discounts – Being on active deployment in the military could mean lower insurance coverage rates.

Drivers should understand that some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, you aren’t that lucky.

If you would like to view companies with discount insurance coverage rates, click this link.

It’s not one size fits all

When it comes to choosing the right insurance coverage, there really is no perfect coverage plan. Everyone’s situation is a little different.

Here are some questions about coverages that might help in determining if your insurance needs could use an agent’s help.

• When does my teenage driver need to be added to my policy?
• How can I get high-risk coverage after a DUI?
• Should I buy only the required minimum liability coverage?
• What is covered by UM/UIM coverage?
• Am I covered when using my vehicle for business?
• Does my insurance cover a custom paint job?
• Are my tools covered if they get stolen from my vehicle?
• Is my dog or cat covered if injured in an accident?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, complete this form.

Insurance coverages 101

Learning about specific coverages of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability auto insurance – Liability insurance will cover damage that occurs to people or other property that is your fault. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different 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 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as bail bonds, medical services and attorney fees. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Medical costs insurance – Med pay and PIP coverage pay for expenses for things like pain medications, prosthetic devices and nursing services. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2009 Volvo V50.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision – Collision coverage will pay to fix damage to your V50 resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like crashing into a building, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as hitting a deer, damage from a tornado or hurricane, fire damage, a broken windshield and vandalism. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Quote often and quote early

As you restructure your insurance plan, it’s very important that you do not buy poor coverage just to save money. There have been many situations where an insured cut collision coverage only to discover later they didn’t purchase enough coverage. Your aim should be to purchase plenty of coverage at a price you can afford but still have enough coverage for asset protection.

Budget-friendly insurance is possible online and from local agencies, and you need to comparison shop both to get a complete price analysis. A few companies do not offer internet price quotes and these small, regional companies provide coverage only through local independent agents.

You just learned a lot of techniques to compare 2009 Volvo V50 insurance prices online. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding low cost insurance. Consumers could even find that the most savings is with a smaller regional carrier.

Helpful resources

• Cellphones, Texting and Driving (iihs.org)
• Coverage Information (Progressive Insurance)
• Understanding your Policy (NAIC.org)
• Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
• Senior Drivers (Insurance Information Insitute)