2008 Volvo V70 Insurance Rates

Nobody looks forward to paying premiums for auto insurance, especially when they are aware that the prices are way too high.

Multiple insurers compete for your business, so it can be very hard to choose a provider to find the best rate

Finding auto insurance

To get low cost insurance coverage quotes, there a variety of ways to compare prices from many auto insurance companies in your state. The best method to find the cheapest 2008 Volvo V70 insurance rates is simply to get online rate quotes. This is very easy and can be done in several different ways.

The most recommended method to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This method saves time by eliminating repetitive form submissions for every prospective company. Completing one form gets you coverage quotes from all major companies.
A different way to shop for auto insurance online consists of visiting each company’s website to complete a price quote. For examples sake, let’s assume you want to get rates from State Farm, Progressive and GMAC. In order to get each rate, you would have to spend time going to each site individually and repeatedly type in your coverage information, which can be really labor intensive. For a list of links to companies insuring cars in your area, click here.
Even if you have time, the least recommended method to find and compare rates is going to insurance agencies in your area. Shopping for auto insurance online eliminates this option unless you have a need for the professional guidance that only an agent can give. If you prefer, some companies allow you to price shop your coverage online but purchase the actual policy in an agency.

How you compare quotes is your choice, just be sure to compare identical deductibles and coverage limits with each company. If you have mixed coverages you will not be able to decipher which rate is best. Having just a slight variation in insurance coverages could skew the results. Just keep in mind that making a lot of price comparisons increases the change that you will find the best rates.

Use discounts on insurance coverage

Companies that sell car insurance do not advertise the complete list of policy discounts very clearly, so below is a list some of the best known and also the more inconspicuous discounts that may be available.

Mature Driver Discount – If you’re over the age of 55, you may be able to get lower premium rates on V70 insurance.
Anti-lock Brakes – Anti-lock brake equipped vehicles have fewer accidents and therefore earn up to a 10% discount.
Switch and Save Discount – Some larger companies reward drivers for buying a new policy before your current expiration date. It could save around 10% when you buy insurance coverage online.
Driver’s Ed – Require your teen driver to enroll and complete driver’s education if offered at their school.
Onboard Data Collection – Insureds who allow companies to monitor driving manner remotely such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they show good driving skills.
Bundle and Save – When you have multiple policies with one company you could save 10% to 20% off each policy.
Save with More Vehicles Insured – Buying insurance for multiple cars or trucks on the same insurance coverage policy can get a discount on all vehicles.
One Accident Forgiven – Not a discount per se, but certain companies will allow you to have one accident without raising rates if your claims history is clear for a particular time prior to the accident.

Consumers should know that some credits don’t apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So even though you would think adding up those discounts means a free policy, you aren’t that lucky.

The best insurance coverage companies and their offered discounts are:

The Hartford includes discounts for air bag, bundle, good student, defensive driver, anti-theft, and vehicle fuel type.
American Family may have discounts that include defensive driver, good student, early bird, multi-vehicle, air bags, good driver, and bundled insurance.
Progressive has discounts for good student, online quote discount, multi-policy, continuous coverage, multi-vehicle, online signing, and homeowner.
Travelers offers discounts for student away at school, IntelliDrive, payment discounts, early quote, and good student.
Farmers Insurance may offer discounts for distant student, early shopping, youthful driver, bundle discounts, and business and professional.
USAA policyholders can earn discounts including annual mileage, new vehicle, loyalty savings, driver training, multi-policy, defensive driver, and vehicle storage.
Liberty Mutual discounts include preferred payment discount, safety features, new graduate, multi-policy, new vehicle discount, and hybrid vehicle.

If you want cheaper insurance coverage quotes, ask every prospective company to give you their best rates. All car insurance discounts may not apply to policyholders in your area. If you would like to view companies who offer free insurance coverage quotes, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying the best insurance coverage coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions could help you determine if you would benefit from an agent’s advice.

Who is covered when they drive my 2008 Volvo V70?
Can I afford low physical damage deductibles?
Will my vehicle be repaired with OEM or aftermarket parts?
Does my insurance cover damage caused when ticketed for reckless driving?
Is pleasure use cheaper than using my 2008 Volvo V70 to commute?
What is UM/UIM insurance?

If you’re not sure about those questions, then you may want to think about talking 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.

Get cheaper insurance rates by understanding these factors

It’s important that you understand some of the things that play a part in calculating the level of your policy premiums. When you understand what influences your rates, this enables informed choices that could help you find big savings. Multiple criteria are taken into consideration when premium rates are determined. Some of the criteria are obvious such as your driving history, although others are not quite as obvious such as whether you are married or your vehicle rating.

Listed below are just a few of the factors companies use to determine your rates.

Car insurance liability protection limits – Liability coverage will provide protection in the event that you are responsible for causing personal injury or damage in an accident. Liability insurance provides legal defense to attempt to prove you were not liable. Liability is cheap compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
Urban areas may pay more – Living in less populated areas can save you money when insuring your vehicles. Urban drivers have congested traffic and more time behind the wheel. Lower population translates into fewer accident claims.
Men pay higher costs – Over time, data shows that females take fewer risks when driving. However, don’t assume that females are better drivers. Men and women cause accidents in similar numbers, but males have accidents that have higher claims. Men also statistically get ticketed for serious violations like driving under the influence (DUI). Youthful male drivers have the highest risk to insure so it costs more to insure them.
Long commutes cost more – Driving a lot of miles every year the more you’ll pay to insure it. The majority of insurers rate vehicles determined by how the vehicle is used. Vehicles that do not get driven very much can be on a lower rate level than those that get driven frequently. A policy that improperly rates your V70 may be wasting your money. It’s a smart idea to ensure your insurance coverage declarations sheet shows the correct driver usage, because it can save money.

Coverages available on your car insurance policy

Understanding the coverages of your car insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are the usual coverages offered by car insurance companies.

Collision – Collision insurance will pay to fix damage to your V70 from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as damaging your car on a curb, hitting a parking meter, sideswiping another vehicle, hitting a mailbox and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Medical costs insurance – Medical payments and Personal Injury Protection insurance pay for bills for things like surgery, chiropractic care and ambulance fees. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as theft, fire damage, a broken windshield and hitting a bird. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

UM/UIM Coverage – This provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are set the same as your liablity limits.

Liability car insurance – This will cover damage or injury you incur to other’s property or people. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like court costs, bail bonds, repair costs for stationary objects and legal defense fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

And the best car insurance company is…

The cheapest 2008 Volvo V70 insurance is available from both online companies and from local agencies, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not have online rate quotes and these smaller companies only sell coverage through independent agencies.

We just covered many ways to reduce 2008 Volvo V70 insurance car insurance rates online. The key concept to understand is the more quotes you get, the better your chances of lowering your premium rates. Consumers may even find the lowest car insurance rates come from a small local company. They can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, Geico and Progressive.

As you go through the steps to switch your coverage, it’s very important that you do not reduce needed coverages to save money. There have been many situations where someone sacrificed comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage at an affordable rate.