There isn’t a single person who rejoices having to buy auto insurance, especially when the price is too high. There is such a variety of insurance companies to pick from, and though it is a good thing to have a choice, having more insurers makes it harder to find the best rates for your vehicles.
Consumers should take time to check auto insurance prices as often as possible because auto insurance rates fluctuate regularly. Just because you found the lowest rate on XC60 insurance six months ago you can probably find a better price now. You can find a lot of misleading information regarding auto insurance out there, but by reading this article, you’re going to learn some of the best techniques to buy auto insurance cheaper.
There are a variety of methods to compare insurance coverage quotes, but one way is more efficient than others. You could waste a few hours driving to insurance companies in your area, or you could use online quoting to quickly compare rates.
Most car insurance companies are enrolled in a marketplace that enables customers to send in one quote, and each participating company provides a quote based on the submitted data. This prevents consumers from doing quote forms for each company you want a rate for.
To fill out one form to compare multiple rates now click here to open in new window.
One minor caviat to pricing coverage this way is buyers cannot specifically choose the providers to get pricing from. If you wish to select specific providers to compare prices, we put together a list of the cheapest insurance coverage companies in your area. Click to view list.
However you get your quotes, ensure you’re using the exact same coverage limits on every quote you get. If you have different deductibles you will not be able to get a fair rate comparison.
Consumers can’t get away from ads for the lowest price car insurance from the likes of Allstate, Geico and Progressive. They all state the claim about savings if you get a free auto insurance quote and switch to their company.
How does each company save you money? Here is the trick they use.
Car insurance companies provide the lowest rates for the type of driver that earns them the most money. One example of a preferred risk might have to be married and over the age of 30, has no claims, and has great credit. A customer who fits that profile will most likely get cheap premium rates and have a good chance to cut their rates substantially.
Drivers who cannot meet the requirements may be required to pay higher prices with the end result being the prospect going elsewhere. If you listen closely, the ads state “drivers that switch” but not “everyone who gets a quote” save that kind of money. That’s the way companies can advertise the way they do.
This illustrates why drivers should quote coverage with many companies. You cannot predict which company will have the lowest rate quotes.
Insuring your vehicles can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Many of these discounts will be applied automatically at the time of quoting, but occassionally some discounts must be specially asked for before they will apply.
One thing to note about discounts is that some credits don’t apply the the whole policy. Most only reduce individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, you’re out of luck. But any discount will positively reduce the premium cost.
Some of the insurance companies that may offer policyholders most of these discounts include:
Before purchasing a policy, check with every company what discounts are available to you. Depending on the company, some discounts might not be offered in your area.
When choosing adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every situation is different and your policy should reflect that. For example, these questions may help you determine if you could use an agent’s help.
If you can’t answer these questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.
Understanding the coverages of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring. These are typical coverages found on most insurance policies.
Collision coverages – Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as crashing into a building, hitting a parking meter, scraping a guard rail, colliding with a tree and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as rehabilitation expenses, prosthetic devices, nursing services and chiropractic care. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Liability car insurance – Liability coverage will cover damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against things such as pain and suffering, funeral expenses and loss of income. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Comprehensive protection – Comprehensive insurance pays to fix your vehicle from 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 protects against claims such as hitting a bird, a broken windshield, hail damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually these coverages are identical to your policy’s liability coverage.
In this article, we presented many tips how you can lower your 2018 Volvo XC60 insurance prices. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest prices are with some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.
When getting auto insurance quotes online, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, an insured dropped liability coverage limits only to regret that the savings was not a smart move. Your focus should be to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.
I live just to the south of Springfield, MA. I got free quotes with The General, Auto-Owners, Mercury, and a couple others for my Volvo and I think I saved around $30 each month. Was with GEICO. I have several vehicles insured with them.
Proud to be from Denver, CO. Quoted prices online for a 2018 Volvo XC60. Ended up at about $530 savings annually. Went with 21st Century.
In Des Moines, IA, Progressive is a good choice. Insured with AIG Insurance before.
It all costs too much. Checking in from Portland, OR. I quoted with Auto-Owners, Nationwide, and some smaller one I can’t remember the name of for my Volvo and saved just over $310 a year. I’m a pretty good driver though. I just quoted rates online.
I live east of Springfield, Massachusetts. Not sure of all the companies but I ended up saving about $60 each month. Thankfully I’m not a high risk driver.
Checking in from Fayetteville, Arkansas. Checked online prices for a 2018 Volvo XC60. Ended up at about $440 savings annually. Went with Allstate. I get multi-vehicle and multi-policy discounts. Might find lower rates online.