Best Ways to Cut Costs When Comparing Volvo S60 Insurance

Best Ways to Cut Costs When Comparing Volvo S60 Insurance

Trying to find low-cost insurance for a new or used Volvo S60 can turn out to be a lot of work, but you can learn these tips to find lower rates.

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

Discounts for lower auto insurance rates

Companies don’t always list every disount available in an easy-to-find place, so we researched a few of the more well known as well as the least known ways to save on auto insurance.

  • Bundle and Save – If you can bundle your homeowners and auto insurance and place coverage with the same company you may save at least 10% off all policies.
  • Discount for Passive Restraints – Options like air bags may earn rate discounts of more than 20%.
  • Good Student – Maintaining excellent grades can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Drivers Ed for Students – Have your child participate in a local driver’s education class in high school.
  • Lower Rates for Military – Having an actively deployed family member could mean lower premium rates.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you can avoid monthly service charges.
  • Own a Home – Being a homeowner may trigger a policy discount on auto insurance because owning a home means you have a higher level of financial diligence.
  • No Claims – Drivers who don’t have accidents are rewarded with significantly better rates on compared to drivers who are more careless.
  • Telematics Discount – Drivers who elect to allow their auto insurance company to look at driving manner by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might see lower rates if they show good driving skills.

As a footnote on discounts, most discounts do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability and collision coverage. Despite the fact that it seems like you can get free auto insurance, it’s just not the way it works.

To see insurance companies that offer multiple discounts, click here.

Decisions You Make Can Impact Your Insurance Costs

A large part of saving on auto insurance is knowing a few of the rating criteria that come into play when calculating the price you pay for auto insurance. If you have some idea of what influences your rates, this empowers consumers to make smart changes that can help you get big savings. Lots of things are taken into consideration when quoting car insurance. Some factors are common sense like a motor vehicle report, but other criteria are not as apparent like your continuous coverage or your commute time.

The factors shown below are a few of the things used by your company to calculate premiums.

  • Liability coverage – Liability coverage kicks in in the event that you are ruled to be at fault for damages caused by your negligence. Your liability coverage provides legal defense which can cost a lot. Liability insurance is quite affordable compared to comp and collision, so do not cut corners here.
  • Rates and job – Did you know that where you work can have an impact on rates? Occupations such as judgesairline pilots and stock brokers tend to pay higher rates than average because of intense work-related stress and long work days. On the flip side, jobs such as scientists, athletes and the unemployed have the lowest average rates on S60 coverage.
  • Premiums increase with policy add-ons – Insurance companies have many extra coverages that may not really be needed if you don’t pay attention. Things like rental car reimbursement, death and dismemberment, and motor club memberships may be costing you every month. They may sound like good ideas when buying your policy, but if they’re wasting money eliminate them to save money.
  • Do you qualify for a multi-policy discount? – Most auto insurance companies apply better rates to buyers that have more than one policy. It’s known as a multi-policy discount. If you currently are using one company, drivers will still want to compare other insurance prices to help ensure you have the lowest rates. Drivers may still find a better deal even if you have your coverage with different companies
  • Credit rating impacts premium rates – An insured’s credit score can be a huge factor in determining what you pay. People with good credit tend to file fewer claims than drivers who have lower ratings. So if your credit rating is low, you could save money insuring your Volvo S60 by repairing your credit.
  • Lower mileage equals lower premium – The higher the mileage driven in a year the more it will cost to insure it. A lot of companies calculate prices based on their usage. Cars not used for work or commuting receive lower rates than vehicles that have high annual mileage. An improperly rated S60 is just wasting money. Double check that your vehicle rating is rated on annual mileage.
  • High performance equals high rates – The make and model of the car, truck or SUV you need insurance for makes a significant difference in your auto insurance rates. The lowest base rates will normally be found when insuring small economy passenger models, but many other things help determine your insurance rates. Since the Volvo S60 is a compact car, insurance will be the same to a little lower than the average rate where you live.
  • Theft deterrents lowers prices – Driving a car that has a built-in theft deterrent system can get you a discount on your auto insurance. Systems that thwart theives like OnStar, LoJack tracking, and tamper alarms all aid in stopping car theft.

How much auto insurance do I need?

When choosing proper insurance coverage, there is no one size fits all plan. Every situation is different.

Here are some questions about coverages that may help you determine if your situation would benefit from professional advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • At what point should I drop full coverage?
  • When should I not file a claim?
  • Does my personal policy cover me when driving my company car?
  • Do I have coverage when making deliveries for my home business?
  • What companies insure drivers after a DUI or DWI?
  • When should I remove comp and collision on my Volvo S60?
  • When do I need to add a new car to my policy?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form. car insurance quote

Don’t I need to get advice from a local insurance agent?

A small number of people still like to talk to an insurance agent and that is OK! The biggest benefit of comparing auto insurance online is that drivers can save money and get cheaper rates and still choose a local agent. Buying from small agencies is definitely important in small towns and cities.

Upon completion of this simple form, your coverage information is instantly submitted to insurance agents that can give you for your coverage. You don’t have to leave your house since price quotes are sent to you directly. Get lower rates AND a local agent. In the event you want to get a rate quote from a specific auto insurance provider, you would need to find their quoting web page and fill out the quote form the provide.

Auto insurance agents come in two varieties

If you are wanting to purchase auto insurance from a reputable insurance agent or broker, you need to know there are two types of agencies and how they work. Auto insurance agents are classified as either independent agents or captive agents depending on their employer.

Independent Auto Insurance Agents (or Brokers)

Independent insurance agents often have many company appointments and that allows them to write policies with multiple insurance companies depending on which coverage is best. If they find a cheaper price, the agent simply finds a different carrier and you don’t have to do anything. When searching for an agent, you will definitely want to compare quotes from a couple of independent agencies in order to have the best price comparison. Many independent agencies also insure through small regional insurance companies which could offer lower prices.

Captive Agencies

Captive agencies can usually just insure with one company and examples are State Farm, Allstate, or Farmers Insurance. These agents are unable to compare other company’s rates so they have to upsell other benefits. Captive agencies are well trained on their products and sales techniques and that enables them to sell even at higher rates. Some consumers prefer to purchase coverage from captives mostly because of the prominence of the brand rather than having the cheapest rates.

To find insurance agents near you, please visit this list of insurance agents in your state.

Picking the best insurance agent requires you to look at more than just a cheap price quote. Below are some questions you should ask.

  • When do they do a full risk review?
  • Do they have designations such as AIC, CPCU, or CIC?
  • What insurance companies do they recommend if they are an independent agent?
  • Is the quote a firm price?
  • Are claims handled at the agent’s location?

After you get satisfactory answers to any questions you have and an affordable coverage quote, you may have just found a car insurance agent that can insure your vehicles.

But the ad said I’d save 15% in 15 minutes!

Well-known auto insurance companies like GEICO, State Farm and Progressive seem to constantly run television and radio advertisements. All the companies state the claim that you can save if you just switch your coverage. How is it possible that every company can charge lower premium rates? You have to listen carefully.

Different companies have an ideal profile for the type of insured that earns them the highest profit. For example, this type of insured might have to be between 25 and 40, has never had a claim, and the vehicle is rated for pleasure use. Any person that matches those criteria receives the best prices and will most likely save a lot if they switch.

best S60 insurance

Consumers who do not match these standards will get higher rates and business not being written. The ads say “drivers that switch” not “everyone who quotes” save that much money. That is how companies can lure you into getting a quote.

This emphasizes why it is so important to get price quotes at each policy renewal. It’s impossible to know the company that will have better prices than you’re paying now.

More comparisons equals lower rates

When shopping online for auto insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.

Low-cost Volvo S60 insurance is available both online and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some companies may not offer online quoting and these small insurance companies sell through local independent agents.

Consumers who switch companies do it for a number of reasons such as being labeled a high risk driver, high rates after DUI convictions, denial of a claim and even not issuing a premium refund. It doesn’t matter what your reason, finding a great new company is pretty easy and you might even save some money in the process.