2011 Volvo S60 Insurance Cost – 5 Ideas for Cheaper Prices

Want the cheapest insurance coverage rates for your Volvo S60? Are you burned out from wondering where the money will come from to keep your car insured? You are in the same boat as millions of other vehicle owners.

Online insurance companies like Allstate and Progressive increase brand awareness with ad campaigns and it is challenging if not impossible to ignore the flashy ads and find the best price available.

It’s a great practice to take a look at other company’s rates every six months due to the fact that insurance prices go up and down regularly. Even if you got the lowest rates on S60 insurance on your last policy you will most likely find a better premium rate today. Forget all the misinformation about insurance coverage because you’re about to learn the easiest way to eliminate unnecessary coverages and save money.

If you have car insurance now, you should be able to save some money using this information. Buying car insurance is easy if you know what you’re doing. But drivers need to have an understanding of how big insurance companies market on the web because it can help you find the best coverage.

Five discounts for cheap auto insurance rates

Auto insurance is easily one of your largest bills, but there may be some discounts that may help make it more affordable. Certain discounts will be triggered automatically when you complete an application, but some need to be requested specifically before you will receive the discount.

• E-sign Discounts
• Discounts for Safe Drivers – Drivers without accidents can save as much as half off their rates on S60 insurance compared to accident prone drivers.
• Claim Free – Drivers with accident-free driving histories have much lower rates when compared to drivers with a long claim history.
• Lower Rates for Military – Having an actively deployed family member could qualify you for better prices.
• Discount for Low Mileage – Fewer annual miles on your Volvo may allow you to get substantially lower premium rates.

A little note about advertised discounts, some credits don’t apply to the entire cost. Some only reduce individual premiums such as comprehensive or collision. Just because you may think all those discounts means the company will pay you, companies don’t profit that way.

Auto insurance companies that have these benefits include:

• Progressive
• SAFECO
• American Family
• MetLife
• Geico
• The Hartford

When quoting, ask every prospective company which credits you are entitled to. All car insurance discounts may not apply in every state. To view companies who offer auto insurance discounts, click this link.

Brand name doesn’t guarantee savings

Big name companies like State Farm, Allstate and Geico seem to constantly run ads on TV and radio. They all seem to advertise claims about savings if you switch your insurance coverage policy to them. How does each company sell you cheaper insurance coverage? Just pay attention to how they say it.

Most companies offer their best rates for the type of driver that will be a good risk. One example of this type of insured might be described as between the ages of 30 and 50, has a clean driving record, and drives newer vehicles. Someone that hits that “sweet spot” will get the preferred rates and will most likely cut their rates substantially.

Insureds who don’t measure up to the requirements will be quoted a higher premium and this results in the customer buying from a different company. The ads state “customers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s why companies can make those statements. That is why it is so important to get price quotes at each policy renewal. It is impossible to predict which insurance companies will fit you best based on your risk profile.

You may need specialized insurance coverage coverage

When it comes to choosing the right insurance coverage for your vehicles, there is no cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. These are some specific questions might point out whether your personal situation could use an agent’s help.

• Do I need medical payments coverage since I have good health insurance?
• Is my custom paint covered by insurance?
• What is an SR-22 filing?
• Can my teen drive my company car?
• What is PIP insurance?
• When should I drop full coverage on my 2011 Volvo S60?
• When does my teenage driver need to be added to my policy?
• Why am I required to get a high-risk car insurance policy?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Car insurance 101

Knowing the specifics of your auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your Volvo S60.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Collision insurance

Collision insurance pays to fix your vehicle from damage 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 can pay for things such as driving through your garage door, scraping a guard rail, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive insurance

This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, hail damage and theft. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability auto insurance

This can cover damages or injuries you inflict on other people or property in an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims such as repair costs for stationary objects, bail bonds, emergency aid, court costs and funeral expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as surgery, EMT expenses and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

A fool and his money are soon parted

Some auto insurance companies don’t offer the ability to get a quote online and most of the time these smaller companies only sell coverage through independent agents. Cheaper 2011 Volvo S60 insurance is available both online in addition to local insurance agencies, so compare prices from both to have the best selection.

When shopping online for auto insurance, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where an accident victim reduced collision coverage only to discover later that the few dollars in savings costed them thousands. The goal is to find the BEST coverage at a price you can afford, but don’t skip important coverages to save money.

Additional information

• Anti-Lock Brake FAQ (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• Preventing Carjacking and Theft (Insurance Information Insitute)