2013 Volvo S60 Car Insurance Quotes – 6 Tips to Save

Did you come to the realization that you have an underperforming, overpriced car insurance policy? It’s a common feeling and there are lots of residents who feel the same.

People have many insurance companies to insure vehicles with, and though it is a good thing to have a choice, too many choices makes it more difficult to adequately compare rates.

It’s important to compare rates on a regular basis due to the fact that insurance prices change frequently. Even if you got the best quotes on S60 coverage a few years ago other companies may now be cheaper. Forget all the misinformation about car insurance because you’re about to learn how to quote online to eliminate unnecessary coverages and save money.

Save money with these six discounts

Not too many consumers would say auto insurance is affordable, but discounts can save money and there are some available that can help lower your rates. Certain reductions will be credited at the time of purchase, but less common discounts must be requested specifically prior to getting the savings.

• Good Students Pay Less – Getting good grades may save you up to 25%. Most companies allow this discount well after school through age 25.
• Paperwork-free – Some auto insurance companies will give you a small discount shop auto insurance on the internet.
• Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class if offered at their school.
• Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you a break if you buy some life insurance in addition to your auto policy.
• Accident Forgiveness – Not really a discount, but companies like Liberty Mutual, Allstate and State Farm will let one accident slide before hitting you with a surcharge as long as you don’t have any claims for a set time period.
• Defensive Driver Discounts – Successfully completing a course in driver safety could cut 5% off your bill and also improve your driving technique.

Please keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as comp or med pay. So when it seems like adding up those discounts means a free policy, it’s just not the way it works.

If you would like to see a list of auto insurance companies that offer discounts, click here to view.

What is the best car insurance coverage?

When it comes to buying adequate coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions might point out whether your personal situation could use an agent’s help.

• How much liability insurance is required?
• Is my custom paint covered by insurance?
• Does my car insurance cover rental cars?
• Can my babysitter drive my car?
• Do I get a pro-rated refund if I cancel my policy early?
• Can I make deliveries for my home business?
• Do I need special endorsements for business use of my vehicle?
• Can my teen drive my company car?
• Does my policy cover me when driving someone else’s vehicle?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

But they said I’d save $430 a year!

Geico, State Farm and Progressive consistently run ads on TV and radio. All the ads say the same thing that drivers can save some big amount if you just switch your policy. How do they all save you money? This is the trick they use.

All companies are able to cherry pick for the type of customer that will not have excessive claims. For instance, a preferred risk could possibly be over the age of 35, owns a home, and drives a lower-performance vehicle. A customer getting a price quote who fits that profile gets the lowest premium rates and will probably save some money.

Potential customers who are not a match for these criteria may receive a higher rate which results in the customer not purchasing. The ads say “drivers who switch” not “everyone that quotes” will save that much if they switch. That’s the way insurance companies can state the savings.

Because of the profiling, drivers must do a price quote comparison at every renewal. Because you never know the company that will give you the biggest savings.

Learn about insurance coverages for a Volvo S60

Learning about specific coverages of your policy can be of help when determining the best coverages for your vehicles. Insurance terms can be confusing and nobody wants to actually read their policy. These are the usual coverages available from insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from getting keyed, damage from a tornado or hurricane, a tree branch falling on your vehicle, vandalism and a broken windshield. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as doctor visits, dental work and ambulance fees. The coverages can be used to fill the gap from 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. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverage

This coverage provides protection from injuries or damage you cause to other’s property or people in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims like bail bonds, medical expenses, structural damage, medical services and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your Volvo S60.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits are set the same as your liablity limits.

Coverage for collisions

Collision coverage pays for damage to your S60 from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like crashing into a ditch, backing into a parked car and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

More choices the merrier

Cheaper 2013 Volvo S60 insurance is possible on the web and with local insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance companies don’t offer online price quotes and most of the time these regional insurance providers sell through independent agencies.

In this article, we covered some good ideas how to compare 2013 Volvo S60 insurance rates online. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your car insurance rates. Consumers may even find the most savings is with an unexpected company. These smaller insurers can often provide lower car insurance rates in certain areas compared to the large companies like Allstate or State Farm.

As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. There are many occasions where an insured cut full coverage only to regret that the savings was not a smart move. Your objective should be to get the best coverage possible for the lowest price, not the least amount of coverage.

Even more information is available in these articles:

• State Car Insurance Guides (Geico)
• Older Drivers FAQ (iihs.org)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Rental Reimbursement Coverage (Allstate)