2017 Volvo XC60 Car Insurance Rates

Overpriced Volvo XC60 insurance can overdraw your budget and make it hard to pay other bills. Comparing cost estimates is free and is an excellent way to lower your monthly bill.

With so many options when it comes to auto insurance, it can be diffult for drivers to pick the most cost effective insurer.

Take policy discounts and save

Some insurers don’t necessarily list every policy discount very well, so the following list contains both well-publicized and also the lesser-known discounts that may be available.

• Passive Restraint Discount – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.
• Discount for Low Mileage – Low annual miles could qualify for lower insurance coveragerates due to less chance of an accident.
• Active Service Discounts – Being on active duty in the military may qualify for rate reductions.
• Payment Method – By paying your entire bill at once instead of monthly or quarterly installments you can actually save on your bill.
• Homeowners Savings – Owning a house may earn you a small savings since home ownership demonstrates responsibility.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class as it will make them better drivers and lower rates.

Don’t be surprised that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though it appears all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Popular insurance coverage companies and their possible discounts are detailed below.

• State Farm includes discounts for defensive driving training, good student, driver’s education, multiple policy, student away at school, and passive restraint.
• Nationwide offers discounts including easy pay, business or organization, anti-theft, good student, family plan, accident-free, and multi-policy.
• Geico has savings for five-year accident-free, federal employee, air bags, driver training, membership and employees, and multi-vehicle.
• AAA may have discounts that include good student, good driver, multi-car, anti-theft, and pay-in-full.
• 21st Century offers discounts for theft prevention, early bird, anti-lock brakes, 55 and older, air bags, and automatic seat belts.
• The Hartford policyholders can earn discounts including defensive driver, vehicle fuel type, anti-theft, bundle, driver training, and air bag.

When comparing rates, check with each company or agent to give you their best rates. Some of the earlier mentioned discounts might not be offered on policies in your state. To view insurance companies who offer free insurance coverage quotes, click here.

Learn how to lower your insurance prices

Consumers need to have an understanding of the different types of things that come into play when calculating auto insurance rates. If you know what determines base rates, this allows you to make good choices that may result in lower rates.

The items below are some of the factors auto insurance companies consider when setting your premiums.

• Don’t cancel your auto insurance policy without a new one in place – Not maintaining insurance can get your license suspended and auto insurance companies will penalize you for letting your coverage cancel without a new policy in place. Not only will rates go up, failure to provide proof of insurance can result in a license revocation or jail time. You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
• Traffic violations cost more than a fine – Drivers who don’t get tickets have lower premiums than their less careful counterparts. Just one moving violation may increase your cost by as much as thirty percent. Drivers with license-revoking violations such as hit and run, DWI or reckless driving convictions might be required by their state to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent a license revocation.
• Lower premiums for safer vehicles – Safer cars get lower rates. These vehicles reduce occupant injuries and fewer serious injuries means lower claim amounts passed on to you as lower rates. If your Volvo scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
• Pay more of a claim out-of-pocket – Protection for physical damage, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Examples of some claims that would be covered are a windshield shattered by a rock, flood damage, and burglary. Deductibles for physical damage tell how much you are required to spend if a covered claim is submitted. The more you are required to pay out-of-pocket, the lower your rates will be for XC60 coverage.
• When should you not file a policy claims? – If you’re an insured who likes to file claims you can expect higher rates. Companies give the lowest premiums to policyholders who are claim-free. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
• Additional coverages that may be costing you – There are quite a few optional add-on coverages you can purchase if you aren’t careful. Things like personal injury protection, death and dismemberment, and extra equipment coverage could be just wasting money. They may seem good when deciding what coverages you need, but your money might be better spent on other coverage so remove them from your policy.
• Higher rates for specific occupations – Do you have a high-stress occupation? Careers like real estate brokers, social workers and accountants generally pay the highest average rates in part from high stress and lots of time spent away from family. On the other hand, occupations like professors, historians and retirees get better rates for XC60 coverage.
• Which gender costs less? – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that males are worse at driving than females. Males and females cause at-fault accidents in similar numbers, but the men have accidents that have higher claims. Men also statistically get more serious tickets like DWI (DUI) or reckless driving.

Which policy gives me the best coverage?

When buying adequate coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions can help discover if your insurance needs might need an agent’s assistance.

• Will I lose any money if I cancel my policy before it expires?
• Am I missing any policy discounts?
• Does insurance cover damages from a DUI accident?
• Will I be non-renewed for getting a DUI or other conviction?
• I don’t drive much so do I pay less?
• Am I covered when driving in Canada or Mexico?
• Can I get a multi-policy discount?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Will you really save $417 on insurance?

Well-known insurance companies like Allstate and Progressive endlessly run ads in print and on television. All the companies have a common claim about how much you will save if you move your insurance policy to them. How does every insurance company cost less than your current company? This is the trick they use.

Insurance companies have a preferred profile for the type of customer that will generate a profit. An example of this type of insured should be a married male, has a clean driving record, and does not commute to work. A customer that meets those criteria will get low premium rates and most likely will save quite a bit of money when switching.

Drivers who do not match this stringent profile will have to pay a more expensive rate which usually ends up with business not being written. The ads state “customers that switch” but not “everyone who gets a quote” save that much when switching. That is how companies can truthfully make those statements.

This really illustrates why you should get a wide range of price quotes. Because you cannot predict with any certainty which company will have the lowest rate quotes.

Auto insurance coverage specifics

Learning about specific coverages of a auto insurance policy can help you determine the best coverages at the best deductibles and correct limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on the average auto insurance policy.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits are set the same as your liablity limits.

Liability coverages

Liability coverage can cover damage that occurs to a person or their property. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things like medical services, repair bills for other people’s vehicles and loss of income. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as pain medications, chiropractic care, doctor visits, ambulance fees and EMT expenses. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, theft, vandalism and rock chips in glass. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Auto collision coverage

Collision insurance pays for damage to your XC60 from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as damaging your car on a curb, sustaining damage from a pot hole, colliding with another moving vehicle, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Quote often and quote early

When you buy insurance coverage online, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice physical damage coverage only to regret at claim time that it was a big mistake. The ultimate goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.

Affordable 2017 Volvo XC60 insurance can be sourced from both online companies in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some companies may not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through independent agencies.

We covered many ideas to reduce 2017 Volvo XC60 insurance premium rates online. It’s most important to understand that the more times you quote, the higher the chance of saving money. Drivers may discover the most savings is with a small local company. Smaller companies often have lower prices on specific markets as compared to the big name companies such as State Farm, Geico and Nationwide.

Additional detailed information is located by following these links:

• Winter Driving (Insurance Information Insitute)
• Understanding Limits and Deductibles (Allstate)
• State Laws for Cellphones and Texting (iihs.org)
• Tools for Teen Driving Safety (State Farm)
• Where can I buy Insurance? (Insurance Information Insitute)