1998 Volvo V70 Insurance Cost – 10 Policy Discounts

Searching for the cheapest insurance coverage rates for your Volvo V70? Are you sick and tired of scraping the payment together to insure your Volvo every month? You are in the same boat as many other drivers.

Popular companies such as State Farm, Progressive and GEICO continually bombard you with TV and radio ads and it can be hard to avoid their marketing magic and do the work needed to find the best deal.

Comparison of Insurance Coverage

There are several ways to shop for Volvo V70 insurance coverage, but some are less labor-intensive and much quicker. You can spend your afternoon talking to agents in your area, or you can utilize the internet to accomplish the same thing much quicker.

Most of the larger companies belong to a marketplace that allows shoppers to enter their coverage request one time, and at least one company provides a quote based on that information. This prevents consumers from doing quote requests to each individual insurance coverage company.

To submit your quote information now, click to open in new window.

The one disadvantage to getting quotes like this is that consumers can’t choose the providers you want pricing from. If you prefer to choose specific providers to compare prices, we put together a list of insurance coverage companies in your area. Click to view list.

Whichever method you choose, ensure you are comparing exactly the same information for each price quote. If you are comparing mixed coverages then you won’t be able to determine the best price for your Volvo V70. Slightly different insurance coverages can result in a big premium difference. Just remember that having more price comparisons will increase your chances of finding the best price.

These ten discounts can lower your rates

Companies offering auto insurance don’t always list all their discounts very clearly, so here is a list some of the best known and also the lesser-known ways to save on auto insurance.

  • Paperwork-free – Some insurance companies may give you up to $50 just for signing your application digitally online.
  • Distant Student – Kids in college who live away from home and do not have access to a covered vehicle may qualify for this discount.
  • Federal Government Employee – Simply working for the federal government can save as much as 8% for V70 insurance with certain companies.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Multiple Cars – Having all your vehicles on one policy can get a discount on all vehicles.
  • Early Signing – A few companies offer discounts for switching policies before your current expiration date. This can save 10% or more.
  • Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts could cut 10% or more off your medical payments premium.
  • Save over 55 – Mature drivers may qualify for a small decrease in premiums for V70 insurance.
  • Accident Waiver – A handful of insurance companies allow you one accident before raising your premiums if your claims history is clear prior to the accident.
  • Payment Discounts – By paying your policy upfront instead of paying each month you may reduce your total bill.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like you could get a free auto insurance policy, it just doesn’t work that way.

Car insurance companies that may offer these benefits may include but are not limited to:

It’s a good idea to ask all companies you are considering what discounts are available to you. Savings might not apply everywhere.

Different people need different coverages

When choosing coverage for your vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions might help in determining whether you would benefit from an agent’s advice.

  • Are my tools covered if they get stolen from my vehicle?
  • Does coverage extend to a rental car in a foreign country?
  • Does insurance cover damages from a DUI accident?
  • Am I covered when driving in Canada or Mexico?
  • Are split liability limits better than a combined single limit?
  • When should I buy a commercial auto policy?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Car insurance coverages for a 1998 Volvo V70

Learning about specific coverages of your policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most insurance policies.

Liability insurance – This coverage protects you from damages or injuries you inflict on other’s property or people. It protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things such as medical services, structural damage, emergency aid, court costs and legal defense fees. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Collision – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like damaging your car on a curb, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Volvo V70.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for expenses for things like rehabilitation expenses, prosthetic devices and X-ray expenses. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Comprehensive insurance – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, falling objects, hail damage and a broken windshield. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Online plus local equals savings

In this article, we covered many tips how you can lower your 1998 Volvo V70 insurance rates. The most important thing to understand is the more quotes you get, the better your comparison will be. You may even find the biggest savings come from some of the smallest insurance companies. These smaller insurers can often provide lower rates in certain areas than their larger competitors like GEICO and State Farm.

Budget-conscious insurance is possible online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers don’t offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

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