How Much Does 2002 Volvo S60 Insurance Cost?

Want the cheapest insurance coverage rates for your Volvo S60? Trying to find the cheapest insurance for a new or used Volvo S60 can normally be a lot of work, but you can learn these tips to save time.

There are both good and bad ways to compare insurance coverage rates and you need to know the best way to price shop coverage for a Volvo and locate the lowest price either online or from local insurance agents.

Auto Insurance Prices Online

Finding a better price on auto insurance can be relatively painless. You just need to take the time to compare quotes from different insurance companies. It is quite easy and can be accomplished in a couple of different ways.

Probably the best way to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This method saves time by eliminating separate quotation requests for every auto insurance company. One simple form gets you price quotes instantly. It’s the fastest way to compare.

A different way to get comparison quotes requires a trip to each individual company website and complete a new quote form. For example, we’ll assume you want comparison quotes from Nationwide, State Farm and Farmers. To get each rate you have to spend time on each company’s site and enter your information, which is why the first method is quicker. To view a list of companies in your area, click here.

The most time-consuming method to get comparison rates is driving around to and from local insurance agencies. The internet can eliminate the need for a local agent unless you have a need for the personal advice of a local agent. However, consumers can price shop online and still use a local agent.

Which method you use is up to you, but ensure you’re using apples-to-apples coverages and limits for each comparison quote. If you have different liability limits it’s impossible to determine the best price for your Volvo S60.

How much can you save with discounts?

Insurance can cost an arm and a leg, but companies offer discounts that many people don’t even know exist. Some trigger automatically when you quote, but some may not be applied and must be specially asked for before they will apply. If you don’t get every credit possible, you are throwing money away.

• Accident Waiver – A few companies permit an accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
• Save over 55 – Mature drivers may qualify for a small decrease in premiums on S60 insurance.
• Good Student Discount – Performing well in school can get you a discount of up to 25%. This discount can apply well after school through age 25.
• Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
• Memberships – Belonging to a qualifying organization is a good way to get lower rates on insurance coverage on S60 insurance.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you could get a free insurance coverage policy, you won’t be that lucky. But any discount will bring down your overall premium however.

For a list of insurers offering insurance coverage discounts, click here.

How much car insurance do I need?

When buying the best insurance coverage coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions could help you determine whether your personal situation will benefit from professional help.

• Can my teen driver be rated on a liability-only vehicle?
• What are the best liability limits?
• Where can I find high-risk insurance?
• Is my teen driver covered when they drive my company car?
• Is a fancy paint job covered?
• Should I buy only the required minimum liability coverage?
• What should my uninsured motorist coverage limits be in my state?

If it’s difficult to answer those 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. It’s fast, free and can help protect your family.

Auto insurance coverage considerations

Having a good grasp of auto insurance can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Liability insurance – Liability insurance protects you from damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like medical services, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Comprehensive auto coverage – This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as fire damage, theft, hitting a bird and damage from flooding. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as crashing into a building, damaging your car on a curb, sustaining damage from a pot hole, driving through your garage door and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as ambulance fees, nursing services and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage