Searching for cheaper car insurance rates for your Volvo V70? No one enjoys paying for car insurance, especially knowing they are paying too much.
Multiple auto insurance companies compete for your business, so it’s not easy to compare every insurance company and uncover the absolute cheapest price
It’s a great practice to compare rates once or twice a year since rates are constantly changing. If you had the best price for V70 insurance two years ago you can probably find a better price now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to one of the best ways to save money, get proper deductibles and limits, all at the lowest rate.
Effectively comparing auto insurance prices can take hours if you aren’t aware of the most efficient way. You can spend your afternoon talking to insurance agencies in your area, or you could save time and use the web to quickly compare rates.
Many popular insurance companies enroll in a system where prospective buyers submit one quote, and at least one company returns a competitive quote based on that data. This saves time by eliminating quote forms to every company.
To participate in this free quote system, click here (opens in new window).
The only drawback to pricing coverage this way is that consumers can’t choose which providers to get pricing from. So if you prefer to choose specific providers for rate comparison, we have a page of companies who write auto insurance in your area. View list of insurance companies.
It’s up to you which method you use, but be sure to compare apples-to-apples information for each comparison quote. If each company quotes differing limits it will be very difficult to find the best deal for your Volvo V70. Having just a slight variation in coverages can mean a large discrepancy in price. And when price shopping your coverage, comparing more company’s prices will enable you to find better pricing.
When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions can help discover if your situation might need professional guidance.
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier
Understanding the coverages of insurance can be of help when determining appropriate coverage for your vehicles. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.
Collision coverage protection
Collision insurance covers damage to your V70 resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like crashing into a building, hitting a parking meter, colliding with a tree, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.
Liability insurance will cover damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for things like attorney fees, structural damage, medical expenses, funeral expenses and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for doctor visits, ambulance fees, X-ray expenses, funeral costs and EMT expenses. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Volvo V70.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages do not exceed the liability coverage limits.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like hitting a deer, damage from flooding and hitting a bird. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.