Lower Your 2010 Volvo V70 Insurance Rates

Finding lower premiums on insurance can seem to be challenging for beginners to comparing rates online. Consumers have so many options that it can be a real hassle to find the best price.

It is always a good idea to compare rates before your policy renews because prices trend upward over time. Just because you found the best price for V70 insurance six months ago other companies may now be cheaper. Starting right now, ignore everything you know about insurance because you’re going to learn how to quote online to save money, get proper coverage and the best rates.

If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these techniques. Finding more affordable insurance coverage coverage is simple if you know the tricks. Although consumers do need to learn the way insurance companies market insurance on the web and apply this information to your search.

Comprehensive Car Insurance Comparison Quotes

Performing a rate comparison can be a lot of work if you don’t utilize the easiest way. You can waste hours talking about coverages with insurance companies in your area, or you could save time and use online quoting to maximize your effort.

The majority of car insurance companies participate in an industry program where prospective buyers send in one quote, and every company then returns a price quote based on the submitted data. This eliminates the need for repetitive form submissions for each company you want a rate for. To participate in this free quote system, click here (opens in new window).

The only drawback to using this type of system is buyers cannot specifically choose which insurance companies you want pricing from. If you would rather choose individual companies to compare, we have assembled a list of the cheapest car insurance companies in your area. Click here to view list.

It’s up to you which method you use, but be sure to compare exactly the same coverage limits and deductibles for every company. If your comparisons have differing limits it will be impossible to decipher which rate is best. Slightly different coverages may result in a large different in cost. And when price shopping your coverage, comparing more company’s prices helps locate better pricing.

Save $490 a year? Really?

State Farm, GEICO and Progressive regularly use ads on television and other media. All the companies make the same claim that you’ll save big if you move to their company. How does each company make almost identical claims?

All the different companies have a certain “appetite” for the type of customer that earns them a profit. An example of a preferred risk could possibly be over the age of 40, insures multiple vehicles, and has excellent credit. A customer who matches those parameters will get very good rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t meet the “perfect” profile will have to pay higher rates which leads to the customer not buying. The ads state “people who switch” not “everybody who quotes” save money. That’s why insurance companies can confidently advertise the way they do.

Because of the profiling, you should quote coverage with many companies. It’s just too difficult to predict which company will fit your personal profile best.

Why your Volvo V70 insurance rates may be high

Consumers need to have an understanding of the rating factors that play a part in calculating the rates you pay for auto insurance. Understanding what determines base rates allows you to make educated decisions that may reward you with lower auto insurance prices.

  • Save money with special equipment – Owning a car with a theft deterrent system can help lower your rates. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
  • Cautious drivers pay less – Your driving record impacts your car insurance rates tremendously. Even a single citation can increase rates by twenty percent. Good drivers receive lower rates than people who have multiple driving citations. Drivers who get severe violations like DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with their state DMV in order to drive a vehicle legally.
  • Having a spouse can save you money – Getting married can get you a discount when buying auto insurance. It means you’re more mature and responsible and statistics show married drivers get in fewer accidents.
  • Rates may be higher depending on your occupation – Occupations like judges, executives and financial analysts are shown to have higher average rates because of high stress levels and long work hours. Conversely, occupations such as pilots, engineers and the unemployed pay the least for V70 insurance.
  • Men pay higher rates – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. Both sexes have accidents in similar percentages, but the males cause more damage. They also receive more costly citations such as reckless driving. Young males are several times more likely to be in an accident and are penalized with high auto insurance rates.
  • Lower rates come with age – Teen drivers are known to be less responsible when driving so they pay higher auto insurance rates. If you’ve ever had to add a youthful driver to your policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Don’t cancel a policy without a new one in place – Driving without insurance can get your license suspended and as a result your rates will increase for letting your coverage lapse. Not only will rates go up, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.You may need to prove you have insurance by filing a SR-22 with your state DMV.
  • Low deductibles can be expensive – Physical damage deductibles define the amount you are willing to pay in the event of a claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims could be running into the backend of another car, collision with an animal, and burglary. The more you have to pay, the bigger discount you will receive for V70 insurance.

Take advantage of discounts

Car insurance can cost a lot, but you can get discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you quote, but some may not be applied and must be inquired about prior to receiving the credit.

  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy life insurance.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Homeowners Pay Less – Owning a house may trigger a insurance coverage policy discount because maintaining a house is proof that your finances are in order.
  • Safe Driver Discount – Safe drivers may save up to 50% more for V70 insurance than less cautious drivers.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only reduce the cost of specific coverages such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will reduce your premiums.

A partial list of companies that may have these money-saving discounts include:

It’s a good idea to ask every prospective company how you can save money. All car insurance discounts may not be available everywhere.

How to know if you need help

When buying the best insurance coverage for your vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining whether or not you might need professional guidance.

  • What if I total my 2010 Volvo V70 and owe more than it’s worth?
  • When should I not file a claim?
  • How much liability coverage do I need in my state?
  • Should I sign the liability waiver when renting a car?
  • Can I rent a car in Mexico?
  • Does insurance cover damages from a DUI accident?
  • Is my custom paint covered by insurance?
  • I have health insurance so do I need medical payments coverage?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.

Car insurance coverage considerations

Having a good grasp of your car insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for bills for ambulance fees, rehabilitation expenses, hospital visits, doctor visits and funeral costs. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Volvo V70.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Collision – This coverage pays for damage to your V70 resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as driving through your garage door, hitting a parking meter and backing into a parked car. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Auto liability insurance – Liability coverage will cover damage that occurs to other people or property by causing an accident. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like pain and suffering, bail bonds, emergency aid and loss of income. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Comprehensive coverages – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, vandalism and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

At the end of the day…

When you buy insurance online, it’s very important that you do not reduce needed coverages to save money. In too many instances, consumers will sacrifice liability coverage limits only to find out that they should have had better coverage. The proper strategy is to get the best coverage possible at the best price while not skimping on critical coverages.

People leave their current company for a variety of reasons including delays in responding to claim requests, questionable increases in premium, poor customer service or extreme rates for teen drivers. Regardless of your reason for switching companies, switching car insurance companies can be easy and end up saving you some money.

Lower-priced 2010 Volvo V70 insurance can be found online and with local insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

Much more information about car insurance can be read on the following sites: