Lower Your 2010 Volvo V50 Insurance Quotes

Searching for the cheapest insurance coverage rates for your Volvo V50? Are you tired of wondering where the money will come from to pay your insurance coverage bill each month? Your situation is no different than many other consumers.

Having so many companies and agents to choose from, it can be impossible to choose a more affordable insurance company.

Finding the best rates is not that difficult. If you currently have car insurance, you will be able to save some money using these tips. Although car owners do need to understand the methods companies use to market insurance on the web and take advantage of how the system works.

Quote car insurance online

Most larger insurance companies like GEICO, State Farm and Progressive provide price estimates direct online. Getting prices online is fairly simple as you simply type in your coverage information into a form. Once entered, the quote system requests your credit score and driving record and gives you a price quote determined by many factors. Online quotes streamlines rate comparisons, but the process of having to visit many different websites and complete many quote forms is a big time waster. But it’s absolutely necessary to perform this step in order to find the best price on car insurance.

A quicker way to find cheaper rates utilizes a single form to get prices from a bunch of companies at once. This type of form saves time, helps eliminate reptitive entry, and makes comparison shopping much easier. Once the form is submitted, it is quoted and you can select any one of the quotes returned. If you find a better price you simply finish the application and buy the new coverage. The whole process just takes a couple of minutes and you will know how your current rates stack up.

To find out how much you can save on car insurance, click here to open in a new tab and enter your vehicle and coverage information. To compare your current rates, we recommend you type in coverages and limits identical to your current policy. This ensures you are getting rate comparison quotes based on similar coverages.

Insurance coverage advertisements

Companies like GEICO, State Farm and Progressive seem to constantly run ads on television and other media. They all convey the message that you can save if you just switch to their company. Is it even possible that every company can lower your car insurance rates? It’s all in the numbers.

Insurance coverage companies give the best rates for the type of customer that will add to their bottom line. For instance, this type of driver might be over the age of 45, has never had a claim, and chooses high deductibles. Someone who meets those qualifications will get a cheap rate quote and have a good chance to save when they switch companies.

Consumers who don’t measure up to this stringent profile will have to pay higher premium rates which results in the customer not buying. If you pay close attention to the ads, they say “customers that switch” but not “everyone who gets a quote” save that much when switching. That’s the way insurance companies can make it sound like they have such great car insurance rates. This illustrates why you need to compare quotes as often as possible. It is impossible to predict which company will fit you best based on your risk profile.

Choices you make can impact your insurance prices

Multiple criteria are part of the calculation when pricing auto insurance. Some are obvious such as traffic violations, but other criteria are more obscure such as your credit history and annual miles driven.

Shown below are a few of the things companies use to determine prices.

  • Big city or small town – Residing in less populated areas of the country is a good thing when buying insurance. Fewer drivers on the road corresponds to lower accident rates in addition to fewer liability claims. Residents of big cities have to deal with traffic congestion and longer commute times. More time commuting means a statistically higher chance of an accident.
  • Responsible credit saves on insurance – Your credit history factor in determining what you pay. Drivers who have excellent credit tend to be more responsible than drivers who have worse credit. If your credit is low, you could be paying less to insure your 2010 Volvo V50 by improving your rating.
  • Allowing your policy to lapse raises premiums – Having an insurance coverage lapse is a sure-fire way to increase your insurance rates. And not only will your rates increase, the inability to provide proof of insurance may result in a license revocation or jail time. You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Lower comp and collision deductibles cost more – Physical damage deductibles tell how much you are willing to pay out-of-pocket if the claim is covered. Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your car. Some coverage claims are rearending another vehicle, damage from fire, or theft of your vehicle. The larger the amount you have to pay, the less your insurance will be for V50 coverage.
  • Rates increase with driving citations – Careful drivers pay less for auto insurance than people who have multiple driving citations. Just one speeding ticket could increase your next policy renewal by twenty percent. Drivers who have gotten license-revoking violations like hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
  • Buy as much liability as you can afford – The liability coverage on your policy will provide protection if ever you are ruled to be at fault for causing damage or personal injury in an accident. Your policy’s liability insurance provides legal defense starting from day one. Liability insurance is pretty cheap compared to other policy coverages, so do not skimp.
  • Qualify for multi-policy discounts – Lots of companies apply discounts to clients who carry more than one policy. It’s known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. If you currently are using one company, you still need to comparison shop to ensure the best deal.
  • Which gender costs less? – The statistics show that females take fewer risks when driving. It does not mean females are better drivers. Females and males are in auto accidents in similar percentages, but men tend to have more serious accidents. Men also tend to get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Teenage male drivers generally have the highest accident percentage and therefore pay the highest rates.

Verify you’re applying every discount

Auto insurance is not inexpensive, but you may be missing some discounts that you may not even be aware of. A few discounts will be applied when you purchase, but some need to be specially asked for prior to getting the savings.

  • Save over 55 – If you’re over the age of 55, you are able to get a small decrease in premiums for V50 coverage.
  • Multi-policy Discount – If you can combine your homeowners and auto policy with one insurance company you could earn a discount of at least 10 to 15 percent or more.
  • No Charge for an Accident – Not really a discount, but companies like Allstate and GEICO will forgive one accident before hitting you with a surcharge as long as you don’t have any claims before the accident.
  • Professional Organizations – Belonging to qualifying employment or professional organizations may earn a discount on your policy.
  • Renewal Discounts – Some larger companies provide a discount for switching companies prior to your current policy expiring. You can save around 10% with this discount.
  • Early Payment Discounts – If you can afford to pay the entire bill instead of making monthly payments you could save up to 5%.
  • Multi-Vehicle Discounts – Buying a policy with multiple cars or trucks on a single policy qualifies for this discount.
  • Telematics Discount – People who choose to allow their company to look at driving manner by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they exhibit good driving behavior.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.

Consumers should know that most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, you aren’t that lucky.

If you would like to choose from a list of auto insurance companies who offer online auto insurance quotes, click here.

When should I discuss my situation with an agent?

When buying adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so your insurance needs to address that. For example, these questions might point out if your situation might need professional guidance.

  • When would I need rental car insurance?
  • When should my teen driver be added to my policy?
  • How do I buy GAP insurance?
  • Should I drop comprehensive coverage on older vehicles?
  • Should I rate my 2010 Volvo V50 as pleasure use or commute?
  • When should I drop full coverage on my 2010 Volvo V50?
  • When do I need to add a new car to my policy?
  • Can I afford low physical damage deductibles?
  • Should I get collision insurance on every 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 a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Insurance coverages and their meanings

Learning about specific coverages of insurance helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.

Comprehensive coverage (or Other than Collision)

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

Comprehensive can pay for claims such as damage from flooding, rock chips in glass, hitting a deer, theft and fire damage. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision protection

Collision insurance will pay to fix damage to your V50 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 protects against things like backing into a parked car, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Insurance for medical payments

Med pay and PIP coverage pay for short-term medical expenses like rehabilitation expenses, surgery, EMT expenses and chiropractic care. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Auto liability

This can cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage pays for things like repair costs for stationary objects, court costs, attorney fees, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Volvo V50.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

And the best car insurance company is…

In this article, we covered some good ideas how you can lower your 2010 Volvo V50 insurance prices. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Drivers may discover the most savings is with the least-expected company. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or GEICO.

When getting insurance quotes online, it’s a bad idea to buy poor coverage just to save money. There are a lot of situations where someone sacrificed full coverage and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Additional detailed information is available by following these links:

Comments About 2010 Volvo V50 Insurance

  1. Martina Head

    Proud to be from Rochester, MN. Quoted quotes from Amica, Nationwide, and USAA for my 2010 Volvo V50 and I’m now saving $59 a month. I’m a pretty good driver though. It’s still not cheap enough.

  2. Margo Durham

    Went with Erie for my V50 and saved around $420 a year. Left Amica to switch. Ask about discounts.

  3. Bob Ramirez

    Any Allstate or Encompass customers near Paterson, NJ?

  4. Dorine Fulton

    Is a custom audio system covered by insurance?

  5. Katelynn Gentry

    I got decent rates for a 2010 Volvo V50 in Portland, ME. Ended up at roughly $180 every six months with AAA. It’s still not cheap enough.

  6. Nadia Gill

    Thought I’d throw in my experience. Went with Erie for my Volvo and saved about $350 a year. I even had a DUI years ago. Online quotes are the way to go.

  7. Kenneth Hendrix

    Hope my car insurance gets cheaper. From west side of Louisville, KY. I got free prices from 21st Century, AAA, Esurance, and Hartford for my 2010 Volvo V50 and saved $487 a year.

  8. Sulema Watson

    Liked the article. I’m in Tacoma, WA. Got quotes with 21st Century, AIG Insurance, and some I forget for my 2010 Volvo V50 and saved just over $280 a year. Left Liberty Mutual to switch. I have a couple other vehicles on the policy. They were helpful in switching over.

  9. Syreeta Hoover

    Just my two cents. Quoted with Esurance for my 2010 Volvo V50 and cut my rates about $490 a year. They have free quotes online.

  10. Cheryle Nixon

    Nice info. I’m from Seattle, Washington. Not sure of all the companies but I ended up saving about $40 each month. Good savings if you bundle.

  11. Cameron Johnson

    Affordable car insurance is a myth. I live in a small town just outside of Columbus, GA. Don’t remember every company but I ended up saving about $30 each month. Can still barely afford it.

  12. Suzan Key

    Nice info. Checking in from North Charleston, SC. Quoted quotes with GEICO, Auto-Owners, and some I forget for my Volvo and saved $371 a year. Was with Mercury.