2001 Volvo S60 Car Insurance Rates – 5 Tips to Save

Searching for the cheapest insurance coverage rates for your Volvo S60? Are you sick and tired of being strong-armed each month for car insurance? Your situation is no different than most other car owners. Drivers have so many insurance companies to pick from, and although it’s a good thing to have a selection, it can be more difficult to find a good deal.

Finding affordable coverage is easy if you know what you’re doing. If you have insurance now or are shopping for new coverage, you can use these tips to find the best rates while maximizing coverage. Consumers just need to know the proper way to compare price quotes over the internet.

Cheap Insurance Coverage Comparisons

Lowering your 2001 Volvo S60 insurance coverage rates can be relatively painless. Just spend a few minutes to compare rate quotes provided by online insurance companies. This is very easy and can be done in several different ways.

  1. The recommended way consumers can make multiple comparisons is an all-inclusive rate comparison click to view form in new window. This easy form eliminates the need for a different quote for every insurance coverage company. Just one form compares rates from multiple low-cost companies.
  2. A less efficient way to shop for insurance coverage online requires visiting each individual company website to complete their respective quote request forms. For example, we’ll assume you want rates from GEICO, Esurance and Farmers. To find out each rate you need to visit each site and enter your information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

  3. The least recommended method to compare rates is driving around to local insurance agencies. The ability to buy insurance online can eliminate the need for a local agent unless you require the professional guidance only provided by licensed agents. Drivers can price shop your coverage online but still have the advice of a local agent and we’ll cover that in a bit.

Whichever method you choose, compare identical information for each price quote. If your comparisons have differing limits it will be impossible to find the best deal for your Volvo S60.

Can you really save $442 a year?

Consumers get pounded daily by advertisements for the lowest price auto insurance from the likes of State Farm, Allstate and GEICO. All the companies make the same claim that you can save if you switch your coverage to them.

How do they all make the same claim? This is how they do it.

All the different companies are able to cherry pick for the right customer that makes them money. An example of a driver they prefer might be between the ages of 40 and 55, a clean driving record, and drives less than 7,500 miles a year. A driver who meets those qualifications is entitled to the best price and therefore will save when switching.

Drivers who are not a match for the “perfect” profile must pay more money and ends up with the customer not buying. The ad wording is “customers that switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully make those claims. This illustrates why it’s extremely important to get as many quotes as possible. It’s not possible to predict the company that will give you the biggest savings on Volvo S60 insurance.

How to reduce Volvo S60 insurance rates

Companies don’t always list every discount very well, so we researched some of the best known and also the lesser-known discounts you could be receiving. If you don’t get every credit available, you’re just leaving money on the table.

  • Life Insurance Discount – Some companies give a discount if you purchase life insurance.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class in school.
  • Multi-policy Discount – When you combine your home and auto insurance with the same insurance company you will save 10% to 20% off each policy.
  • Passive Restraint Discount – Cars that have air bags can get savings up to 30%.
  • Discount for Good Grades – This discount can get you a discount of up to 25%. The good student discount can last up until you turn 25.

A little note about advertised discounts, most credits do not apply to the entire cost. Most only reduce individual premiums such as comprehensive or collision. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

To see a list of providers offering insurance coverage discounts, follow this link.

Tailor your coverage to you

When it comes to choosing coverage for your personal vehicles, there is no single plan that fits everyone. Every situation is different so your insurance needs to address that. For example, these questions may help you determine whether you will benefit from professional help.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • What vehicles should carry emergency assistance coverage?
  • Am I covered when driving someone else’s vehicle?
  • Why do I need rental car insurance?
  • Where can I find high-risk insurance?
  • What if I owe more than I can insure my car for?
  • What is medical payments coverage?
  • Should I buy more coverage than the required minimum liability coverage?
  • Should I buy full coverage?
  • What is UM/UIM insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Auto insurance coverages explained

Understanding the coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are the normal coverages available from auto insurance companies.

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from getting keyed, hitting a deer, theft, hitting a bird and vandalism. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverage

This protects you from damage or injury you incur to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims like medical services, repair costs for stationary objects, repair bills for other people’s vehicles, structural damage and attorney fees. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Coverage for medical payments

Med pay and PIP coverage kick in for bills such as hospital visits, nursing services, surgery and rehabilitation expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage will pay to fix damage to your S60 from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, crashing into a ditch and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Best coverage at the best price

We’ve covered a lot of techniques to get a better price on 2001 Volvo S60 insurance. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the most savings is with the least-expected company. Smaller companies may only write in your state and offer lower rates than their larger competitors like Allstate and Progressive.

As you shop your coverage around, you should never skimp on coverage in order to save money. In too many instances, an insured dropped comprehensive coverage or liability limits only to discover later that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at the best price, not the least amount of coverage.

More detailed insurance coverage information can be read by following these links: