Buying Insurance for Your Volvo S70 Just Got A Whole Lot Cheaper

Wish you could get a refund on overpriced auto insurance? Trust us when we tell you there are lots of people in the same boat. Big-name insurance companies like State Farm, Progressive and GEICO persitently shower you with ad campaigns and it is difficult to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

The are a couple different ways of comparing rate quotes from many auto insurance companies in your state. The recommended way to compare rates is to jump online and get quotes. This is quite simple and can be completed using a couple different methods.

• Probably the best way consumers can analyze rates is a comparison rater form click here to open form in new window. This method saves time by eliminating separate quote forms to each individual auto insurance company. Taking the time to complete one form gets insurance cost estimates instantly.
• A more difficult way to shop for auto insurance online requires a visit to each individual company website to request a price quote. For sake of this example, we’ll assume you want to see prices from Nationwide, Progressive and Allstate. To get rate quotes you would need to visit each site to enter your coverage information, which can get rather old. For a list of companies in your area, click here.

Whichever way you choose to compare rates, be sure you’re using equivalent coverage information on every quote you get. If the quotes have different deductibles it will be nearly impossible to find the best deal for your Volvo S70. Even a minor difference in limits could skew the results. Just keep in mind that obtaining a wide range of quotes helps you find the best price. Not every company allows you to get prices over the internet, so you need to compare quotes from them, too.

Lower your auto insurance rates with discounts

Some insurance providers don’t list every discount they offer in an easy-to-find place, so the following list contains a few of the more well known and the harder-to-find ways to save on auto insurance.

• Early Renewal Discounts – A few auto insurance companies allow discounts for switching companies prior to your current policy expiring. This can save 10% or more.
• Telematics Data Discounts – Drivers who agree to allow their insurance company to spy on when and where they use their vehicle by using a telematics device in their vehicle such as State Farm’s In-Drive could see a rate decrease if they have good driving habits.
• Multiple Policy Discount – When you have multiple policies with the same insurance company you will save approximately 10% to 15%.
• Own a Home – Just being a homeowner can help you save on auto insurance because of the fact that having a home is proof that your finances are in order.
• Student Discounts – Getting good grades may save you up to 25%. This discount can apply up until you turn 25.
• Seat Belt Usage – Drivers who require all vehicle occupants to buckle up before driving could cut 10% or more on the premium charged for medical payments and/or PIP.
• Low Mileage – Maintaining low annual mileage may enable drivers to earn cheaper rates.

It’s important to understand that most credits do not apply to the entire cost. Most only reduce individual premiums such as liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, auto insurance companies aren’t that generous.

If you would like to see a list of companies with the best auto insurance discounts, click here to view.

What Determines Volvo S70 Insurance Premiums?

Smart consumers have a good feel for the different types of things that aid in calculating the rates you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with lower premium levels. Multiple criteria are taken into consideration when quoting car insurance. Some factors are common sense like an MVR report, but others are more transparent such as your credit history or your commute time.

The factors shown below are some of the most rate-impacting factors used by companies to determine prices.

• Can a thief steal your car? – Choosing a vehicle with anti-theft technology or alarm system can save you some money. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping vehicle theft.
• Fewer miles means better costs – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. A lot of insurance companies apply a rate based upon how much you drive. Vehicles that are left in the garage qualify for better rates than those that get driven frequently. Double check that your vehicle rating shows the correct driver usage. Having an incorrect usage rating on your S70 may be wasting your money.
• If you don’t need it don’t buy it – There are a ton of add-on coverages that you can get tricked into buying on your auto insurance policy. Coverage for things like personal injury protection, accident forgiveness, and Farm Bureau memberships may be costing you every month. These coverages may sound good when talking to your agent, but if you’ve never needed them in the past remove them from your policy.
• Never let your auto insurance expire – Having an insurance coverage lapse is a sure-fire way to bump up your auto insurance costs. Not only will you pay higher rates, being ticketed for driving with no insurance may result in a hefty fine and possibly a revoked license. You will then be forced to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
• Lower rates for married couples – Having a wife or husband may save some money on your auto insurance policy. Having a spouse usually means you are less irresponsible it has been statistically shown that drivers who are married are more cautious.
• Men drivers tend to cost more – Statistics demonstrate that women are safer drivers than men. It does not mean males are worse at driving than females. Both genders tend to get into accidents at about the same rate, but the men have accidents that have higher claims. Men also tend to have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers have the highest risk to insure and thus pay the highest rates.
• Liability is important – A critical coverage on your policy, liability insurance provides coverage when you are found liable for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage to defend your case. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
• Inexpensive frequent policy claims are not good – If you frequently file small claims, you can pretty much guarantee much higher rates or policy non-renewal. Insurance companies award the lowest premiums to drivers who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of more catestrophic claims.

More comparisons equals lower rates

We just showed you some good ideas how to compare Volvo S70 insurance rates online. The key concept to understand is the more companies you get car insurance rates for, the better your comparison will be. Consumers could even find that the best price on auto insurance is with the smaller companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.

Cheaper Volvo S70 insurance can be sourced online in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some auto insurance companies do not provide rates over the internet and these regional carriers sell through independent agents.