2013 Volvo S60 Insurance Rates

Trying to find the cheapest auto insurance rates for your Volvo S60? Have you had enough of not being able to afford to insure your Volvo every month? You are in the same boat as millions of other consumers. Many auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies and get the best coverage at the lowest rate

How to Get Insurance Coverage Comparison Quotes

Finding a better price on insurance coverage isn’t really that difficult. The only requirement is to invest a little time comparing rate quotes provided by online insurance companies. This is very easy and can be done using a couple different methods.

The single most time-saving way to find the lowest comparison rates would be an industry-wide quote request form like this one (opens in new window). This type of form prevents you from having to do multiple quote forms to each individual insurance coverage company. One form submission gets you coverage quotes from insurance coverage companies with the best prices.

A different way to get comparison quotes requires visiting the website of each company and request a quote. For examples sake, let’s say you want comparison quotes from GEICO, Esurance and Progressive. To find out each rate you need to take the time to go to each site to enter your coverage information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

The most time-consuming method of comparing rate quotes is driving around to different agent offices. The internet eliminates the need for an insurance agent unless you have a need for the personal advice that only a license agent can provide. Drivers can price shop online and still use a local agent and we’ll cover that in a bit.

However you get your quotes, make sure you use exactly the same coverage limits for every quote you compare. If you are comparing differing limits it will be next to impossible to make an equal comparison.

Volvo S60 rates are complex

Smart consumers have a good feel for the different types of things that play a part in calculating your auto insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that can help you get better auto insurance rates.

  • Liability insurance protects assets – The liability section of your policy is the coverage that protects you if ever a court rules you are at fault for personal injury or accident damage. It provides legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Higher deductibles cost less – Your deductibles define the amount you are willing to pay in the event of a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. A few examples of covered claims are running into the backend of another car, collision with an animal, and rolling your vehicle. The higher the amount you have to pay, the less your company will charge you for insurance for S60 coverage.
  • An active claims history can cost you – Car insurance companies provide better rates to insureds who do not rely on their insurance for small claims. If you tend to file frequent claims, you can pretty much guarantee higher rates. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
  • Discounts for multiple policies – Some insurers give discounts to policyholders who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. If you currently are using one company, it’s in your best interest to compare rates to verify if the discount is saving money. Drivers may still find better rates by buying auto insurance from a different company.
  • Safe vehicles cost less to insure – Vehicles with good safety scores are cheaper to insure. Safer cars reduce injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your Volvo S60 earned at least four stars on Safercar.gov you are probably receiving a discount.
  • Do you need those extra coverages? – There are a lot of extra coverages that you can buy on your auto insurance policy. Coverages like roadside assistance, towing coverage and motor club memberships are some examples. These coverages may sound good at first, but if you don’t need them get rid of them and save.
  • Occupation reflects on rates – Occupations such as doctors, business owners and financial analysts tend to pay higher average rates attributed to job stress and lots of time spent at work. Conversely, jobs such as scientists, engineers and the unemployed have the lowest average rates for S60 coverage.
  • Don’t let your coverage lapse – Driving without insurance is illegal and your next policy will cost more because you let your coverage have a gap. Not only will rates go up, failure to provide proof of insurance will get you a revoked license or a big fine.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.

How much can you save with discounts?

Properly insuring your vehicles can get expensive, but companies offer discounts that many people don’t even know exist. A few discounts will automatically apply when you complete an application, but less common discounts must be asked about prior to receiving the credit. If you don’t get every credit you qualify for, you are throwing money away.

  • Life Insurance – Larger companies have lower rates if you buy a life insurance policy as well.
  • Federal Employees – Active or retired federal employment can save as much as 8% for S60 coverage with certain companies.
  • Defensive Driving Course – Taking a course in driver safety could possibly earn you a 5% discount depending on where you live.
  • Accident Waiver – Certain companies allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Theft Prevention Discount – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.
  • Senior Discount – If you qualify as a senior citizen, you may be able to get better insurance rates for S60 coverage.

Drivers should understand that many deductions do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, insurance companies aren’t that generous. Any qualifying discounts will cut your premiums.

To see a list of providers who offer insurance discounts, click here.

How much car insurance do I need?

When buying the right insurance coverage, there is no “best” method to buy coverage. Every situation is different so your insurance needs to address that. Here are some questions about coverages that could help you determine if your insurance needs may require specific advice.

  • What is the rate difference between pleasure use and commuting?
  • At what point should I drop full coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does my car insurance cover rental cars?
  • How high should my medical payments coverage be?
  • Do I need more liability coverage?
  • Exactly who is provided coverage by my policy?

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 a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Auto insurance specifics

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on most auto insurance policies.

Coverage for liability – This can cover damages or injuries you inflict on other people or property. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as loss of income, legal defense fees and pain and suffering. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for bills for things like pain medications, doctor visits, EMT expenses and nursing services. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision – This 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 claims like hitting a mailbox, colliding with another moving vehicle, hitting a parking meter and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as falling objects, hitting a bird, damage from a tornado or hurricane, a tree branch falling on your vehicle and fire damage. The most a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Keep this in mind

You just learned a lot of techniques to save on 2013 Volvo S60 insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest rates come from an unexpected company. They may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.

Cheaper insurance is available from both online companies and with local insurance agents, so you should compare both to have the best selection. A few companies do not offer online quoting and these regional insurance providers work with independent agents.

As you restructure your insurance plan, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured cut uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

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