Definitive Five Minute Guide to Buying Volvo 760 Insurance

Do you get exhausted from not being able to scrape enough together to pay your car insurance bill each month? You are in the same boat as most other vehicle owners. Having so many companies to choose from, it’s nearly impossible to choose the cheapest car insurance provider.

It’s a good habit to quote other rates before your next renewal because insurance prices change quite often. Even if you think you had the lowest rate on 760 insurance six months ago you will most likely find a better premium rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out how to use the internet to buy cheaper car insurance.

Discounts to earn lower car insurance rates

Car insurance is not an enjoyable expense, but you might find some hidden discounts to reduce the price significantly. Some discounts apply automatically at quote time, but less common discounts must be specifically requested prior to receiving the credit.

• Use Seat Belts – Drivers who require all occupants to buckle up can save up to 15% off the medical payments premium.
• Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save 5% or more.
• Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and will save you 10% or more.
• Multi-policy Discount – If you can combine your home and auto policy and place coverage with the same company you may save approximately 10% to 15%.
• Early Signing – A few larger companies give discounts for switching companies early. The savings is around 10%.

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Most only cut individual premiums such as physical damage coverage or medical payments. Even though it may seem like you could get a free car insurance policy, it just doesn’t work that way.

A few popular companies and their offered discounts are:

• American Family has discounts for air bags, good driver, Steer into Savings, mySafetyValet, and accident-free.
• Nationwide policyholders can earn discounts including accident-free, multi-policy, business or organization, good student, and anti-theft.
• MetLife may have discounts that include multi-policy, good driver, accident-free, defensive driver, claim-free, good student
• 21st Century may offer discounts for good student, early bird, automatic seat belts, student driver, homeowners, defensive driver, and anti-lock brakes.
• Farmers Insurance discounts include electronic funds transfer, bundle discounts, business and professional, distant student, youthful driver, and switch companies.
• Allstate offers discounts including defensive driver, good student, 55 and retired, resident student, and early signing.

Double check with every prospective company how many discounts you can get. Savings may not apply in your area.

Comparing car insurance rates is a ton of work if you don’t utilize the easiest way. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you could save time and use the web to maximize your effort.

Many popular insurance companies participate in an industry program where insurance shoppers submit their information once, and at least one company can give them a price based on that data. This prevents consumers from doing quotation requests to every company.

To access this free quoting program, click here to start a free quote.

The one disadvantage to using this type of system is you can’t choose which carriers you want pricing from. So if you prefer to choose individual companies to compare rates, we have a page of companies who write car insurance in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, be sure you’re using apples-to-apples information for each comparison quote. If you compare unequal deductibles or liability limits you can’t possibly determine the lowest rate for your Volvo 760. Just slight variations in coverages could mean much higher rates. And when price shopping your coverage, more quotes increases your odds of finding lower pricing. Some smaller insurers to not give quotes online, so it’s recommended that you also compare rates from the smaller companies as well.

Informed Consumers Can Save Money

A large part of saving on car insurance is knowing a few of the rating criteria that go into determining the price you pay for car insurance. If you know what determines base rates, this allows you to make educated decisions that can help you get much lower annual insurance costs. Many different elements are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as traffic violations, but other criteria are more transparent like your continuous coverage or how financially stable you are.

• Use credit responsibly and save – An insured’s credit score is likely to be a major factor in calculating your car insurance rates. If your credit score can be improved, you could potentially save money when insuring your Volvo 760 by spending a little time repairing your credit. Drivers who have excellent credit scores tend to be better drivers and file fewer claims than drivers with lower credit ratings.
• Cheaper rates with high comp and collision deductibles – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Examples of some claims that would be covered are a windshield shattered by a rock, hitting a deer, and damage caused by flying debris. Comprehensive and collision coverage deductibles represent how much money you are willing to pay if the claim is covered. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for car insurance on 760 insurance.
• Premiums are impacted by vehicle performance – The performance level of the vehicle you are buying insurance for makes a significant difference in how high your rates are. The lowest premiums tend to be for lower cost passenger models, but the cost you end up paying is determined by many additional factors. Since the Volvo 760 is considered a sedan, insuring your vehicle will cost about the same than the average rate where you live.
• Drive less and pay lower prices – The more miles you rack up on your Volvo in a year’s time the higher your rate. Most insurance companies rate vehicles determined by how the vehicle is used. Cars used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. Improper usage on your 760 is throwing money out the window. It’s a good idea to make sure your vehicle rating is rated on how each vehicle is driven, because it can save money.

Tailor your car insurance coverage to you

When it comes to choosing proper insurance coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight whether you would benefit from professional advice.

• Do I need added coverage for expensive stereo equipment?
• Should I buy more coverage than the required minimum liability coverage?
• What is the difference between comprehensive and collision coverage?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• At what point should I drop full coverage?
• Is rental equipment covered for theft or damage?
• Does having multiple vehicles earn me a discount?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Is there truth in advertising?

Well-known car insurance companies like Progressive, GEICO, Allstate and State Farm continually stream television, radio, and online ads. All the ads tend to make the same promise about savings if you change to them. How is it plausible that every one can offer drivers better rates? Here is the trick they use.

Many companies have specific guidelines for the type of driver they prefer to insure. One example of this type of driver might have to be between the ages of 30 and 45, owns their home, and drives less than 5,000 miles a year. Anyone that meets those criteria is entitled to the best price as well as save money with a new company.

Consumers who do not match these criteria may be forced to pay higher prices and business not being written. If you pay close attention to the ads, they say “people who switch” not “all people who quote” save that kind of money. That’s the way companies can make claims like that.

Because of the profiling, drivers should compare many company’s prices. You cannot predict which company will give you lower premium rates than your current company.

Online plus local equals savings

When buying insurance coverage, never buy less coverage just to save a little money. In many cases, consumers will sacrifice comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your objective should be to buy the best coverage you can find at the best possible price, but don’t skip important coverages to save money.

Lower-priced car insurance is definitely available from both online companies and also from your neighborhood agents, so you should compare both to have the best chance of lowering rates. A few companies may not provide online price quotes and usually these small insurance companies work with independent insurance agents.