Cheap 2016 Volvo S60 Car Insurance Cost

I doubt anyone loves paying for auto insurance, particularly when their premiums are through the roof. Insurance companies such as Allstate, Liberty Mutual and State Farm continually hit you with ads and consumers find it hard to separate fact from fiction and effectively compare rates to find the best deal.

Discount auto insurance quotes

Auto insurance is not inexpensive, but you may find discounts that you may not even be aware of. A few discounts will automatically apply at the time you complete a quote, but once in a while a discount must be asked about prior to receiving the credit.

• Student Discount for Driver Training – Have your child sucessfully take a drivers education course in school.
• Pay Now and Pay Less – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save 5% or more.
• Claim Free – Insureds who avoid accidents and claims are rewarded with significantly better rates on insurance coverage quote compared to accident-prone drivers.
• Defensive Driver – Taking part in a defensive driver class could save 5% or more and easily recoup the cost of the course.
• Multi-line Discount – Companies who offer life insurance give a discount if you purchase life insurance.
• Theft Prevention Discount – Cars and trucks with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.

Remember that many deductions do not apply to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. Even though it appears you would end up receiving a 100% discount, that’s just not realistic.

Some of the insurance companies that may offer quotes with some of the discounts shown above may include but are not limited to:

• Geico
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

Before buying, ask every company which discounts can lower your rates. Some of the earlier mentioned discounts might not apply in your area. To locate auto insurance companies that have a full spectrum of discounts, click this link.

How much does insurance coverage cost?

Lowering your 2016 Volvo S60 insurance coverage rates is a great way to save money. Just invest a little time comparing rates online from several insurance companies. Rate comparisons can be done by using one of the methods below.

1. If you’re in a hurry, the quickest way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This type of form eliminates the need for repetitive form submissions for every prospective company. Completing one form gets insurance cost estimates from multiple low-cost companies.
2. A different way to find better pricing requires you to visit the website for every company you want to comare and go through the quote process again. For sake of this example, let’s say you want to compare rates from USAA, Allstate and Progressive. In order to compare rates, you need to go to every website to enter your coverage information, which is why first method is reommended. To view a list of companies in your area, click here.
3. The old school way to do your price quoting is driving around to insurance agencies in your area. Buying insurance online has reduced the need for local agents unless you require the trained advice that only an agent can give. If you prefer, some companies allow you to obtain prices from the web and have a local agent actually service the policy.

It doesn’t matter which method you choose, just try to use apples-to-apples information for each quote you get. If you are comparing higher or lower deductibles it’s impossible to make an equal comparison.

What determines Volvo S60 insurance prices?

The best way to find cheaper insurance coverage is to take a look at the different types of things that go into determining the rates you pay for insurance coverage. If you know what determines base rates, this allows you to make educated decisions that may reward you with much lower annual insurance costs.

• Avoid traffic tickets – Whether or not you get tickets impacts your car insurance rates tremendously. Even a single chargable violation can bump up the cost forty percent or more. Good drivers pay less for auto insurance as compared to careless drivers. Drivers who get serious tickets like reckless driving, hit and run or driving under the influence may find they need to complete a SR-22 with their state DMV in order to continue driving.
• Do you work long hours in a tough occupation? – Did you know that where you work can have an impact on rates? Jobs such as doctors, business owners and accountants tend to pay higher premiums than the average policyholder attributed to high stress and incredibly demanding work hours. Conversely, jobs such as scientists, engineers and retirees generally pay rates lower than average for S60 coverage.
• Getting married pays dividends – Getting married helps lower the price on your insurance coverage policy. Having a significant other generally demonstrates drivers are more responsible and statistics show drivers who are married file infrequent claims.
• Little extras can really add up – There are a ton of extra bells and whistles that you can get tricked into buying on your insurance coverage policy. Coverages like coverage for rental cars, towing coverage, and extra equipment coverage may be wasting your money. They may seem good when talking to your agent, but your needs may have changed so get rid of them and save.

Tailor your auto insurance coverage to you

When buying proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions may help highlight whether your personal situation might need an agent’s assistance.

• Am I covered if I drive in a foreign country?
• I have a DUI can I still get coverage?
• Is borrowed equipment or tools covered if stolen or damaged?
• What is the rate difference between pleasure use and commuting?
• When would I need rental car insurance?
• Why am I required to buy high-risk coverage?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Insurance ads are enticing

Drivers constantly see and hear ads that claim the best premium rates from companies such as State Farm, Geico and Progressive. They all seem to make the point that drivers can save some big amount after switching to them.

How does each company offer drivers better rates?

Companies have a preferred profile for the type of driver that earns them the highest profit. For example, a desirable insured should be between 25 and 40, has other policies, and insures a new vehicle. A driver who matches that profile gets the lowest car insurance rates and will most likely cut their rates if they switch.

Potential insureds who don’t qualify for these criteria will probably be forced to pay a more expensive rate and this can result in business going elsewhere. The trick is to say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently make those statements.

That is why you need to compare rate quotes every year. It’s impossible to know which insurance companies will have the lowest rates.

Car insurance 101

Learning about specific coverages of your policy aids in choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types available from auto insurance companies.

Comprehensive insurance

Comprehensive insurance coverage pays for 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 can pay for claims such as rock chips in glass, damage from flooding, theft and falling objects. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like rehabilitation expenses, chiropractic care, dental work, surgery and funeral costs. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

This coverage covers damage to your S60 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as backing into a parked car, driving through your garage door, damaging your car on a curb and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to bring the cost down.

Liability

This coverage provides protection from injuries or damage you cause to people or other property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things like medical expenses, attorney fees, court costs, loss of income and funeral expenses. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Volvo S60.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

At the end of the day…

Some auto insurance companies don’t offer rate quotes online and these small insurance companies prefer to sell through independent insurance agencies. Lower-priced 2016 Volvo S60 insurance is possible from both online companies in addition to local insurance agencies, and you should compare price quotes from both to have the best rate selection.

As you prepare to switch companies, don’t be tempted to buy poor coverage just to save money. In many instances, drivers have reduced full coverage only to regret at claim time they didn’t have enough coverage. Your strategy should be to buy enough coverage at the best price while still protecting your assets.

Additional information can be read at the links below

• Vehicle Safety Ratings (iihs.org)
• Drunk Driving Statistics (Insurance Information Insitute)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Reducing Your Risks in a Car Crash Video (iihs.org)