Trying to find lower car insurance rates for your Volvo V60? Wish you could get out of an underperforming, overpriced car insurance policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out. Companies like Progressive, Geico and Farmers Insurance increase brand awareness with ad campaigns and it is challenging if not impossible to see through the cute green geckos and mayhem and find the best price available.
Finding more affordable insurance prices doesn’t have to be difficult. You just have to take the time to compare rate quotes to discover which company has inexpensive insurance coverage quotes. Comparing prices online can be done by using one of the methods below.
For a handy list of car insurance company links in your area, click here.
How you compare quotes is your choice, just make sure you compare apples-to-apples deductibles and coverage limits for each quote you get. If you compare higher or lower deductibles it will be impossible to truly determine the lowest rate.
Auto insurance can be pricey, but you can get discounts to help offset the cost. Many of these discounts will be applied automatically when you purchase, but occassionally some discounts must be inquired about in order for you to get them.
It’s important to understand that many deductions do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, you’re out of luck.
Some of the insurance companies that may include these benefits are:
Before purchasing a policy, check with each company or agent which discounts can lower your rates. Some discounts listed above may not apply in your area. To choose insurance companies that offer some of these discounts, click here to view.
When buying the best insurance coverage coverage for your vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions can help discover if your situation might need an agent’s assistance.
If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.
Understanding the coverages of your car insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by car insurance companies.
Liability – This coverage will cover injuries or damage you cause to other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability coverage protects against things like legal defense fees, bail bonds and structural damage. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for nursing services, funeral costs, doctor visits and EMT expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision) – This covers 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 insurance covers claims like fire damage, damage from flooding, hitting a deer, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision – This coverage will pay to fix damage to your V60 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like colliding with a tree, backing into a parked car and hitting a parking meter. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers – This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.