Trying to find the cheapest insurance coverage rates for your Volvo S80? Are you sick and tired of robbing Peter to pay Paul to pay your insurance coverage bill each month? You’re in the same situation as most other consumers.
Big companies like Allstate, Progressive and GEICO all claim big savings with catchy ads and it can be hard to not get sucked in by the cute commercials and take the time to shop coverage around.
It is always a good idea to quote other rates quite often since rates fluctuate regularly. Even if you think you had the best deal on S80 insurance last year you can probably find a lower rate today. Forget all the misinformation about insurance coverage because we’re going to demonstrate the easiest way to find better coverage at a better price.
If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using this strategy. Choosing the best insurance company for you is easy if you know what you’re doing. But vehicle owners do need to learn how the larger insurance companies determine prices and use this information to your advantage.
Car insurance can cost a lot, but you might find some hidden discounts to help bring down the price. Certain credits will be shown at the time of quoting, but a few must be asked for prior to receiving the credit.
A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky.
Some of the larger companies that may include many of the previously listed discounts include:
When quoting, ask all the companies to give you their best rates. Some credits might not be offered everywhere. To see companies that have a full spectrum of discounts, click this link.
When it comes to choosing the right insurance coverage for your vehicles, there is no single plan that fits everyone. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover if you might need professional guidance.
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.
Allstate, GEICO and Progressive continually stream television and radio advertisements. They all make an identical promise that people will save just by switching to their company. But how can every company say the same thing? This is the trick they use.
Insurance companies quote their cheapest rates for the type of insured that earns them a profit. For example, this type of insured could possibly be a mature driver, has had continuous coverage, and has excellent credit. A propective insured who fits that profile receives the best premium rates and will also save when they switch companies.
People who don’t measure up to those criteria will be quoted a more expensive rate and the customer buying from someone else. The ads say “customers who switch” not “all people who quote” can save as much as they claim. That’s the way companies can state the savings. Because of these techniques, it’s extremely important to get price quotes at each policy renewal. It is impossible to guess which company will have the lowest car insurance rates for your situation.
Knowing the specifics of your insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages available from insurance companies.
Collision coverages – Collision insurance pays for damage to your S80 from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims such as scraping a guard rail, rolling your car, damaging your car on a curb, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
Comprehensive coverage (or Other than Collision) – This covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims like theft, hitting a bird, damage from a tornado or hurricane and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Liability – Liability coverage will cover damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy 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 property damage coverage for $25,000.
Liability can pay for things like pain and suffering, attorney fees and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but buy as large an amount as possible.
Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Volvo S80.
Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
Insurance for medical payments – Coverage for medical payments and/or PIP provide coverage for bills such as ambulance fees, X-ray expenses, EMT expenses and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and may carry a deductible
We just presented some good ideas how to lower your 2012 Volvo S80 insurance prices. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding cheap auto insurance. Consumers could even find that the lowest prices come from a small mutual company. These companies can often provide lower rates in certain areas than the large multi-state companies such as State Farm or Progressive.
When searching for affordable auto insurance quotes, it’s not a good idea to reduce needed coverages to save money. There are too many instances where an insured dropped physical damage coverage and found out when filing a claim that the savings was not a smart move. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost.
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