Cheaper 2015 Volvo S60 Insurance Rates

Searching for lower auto insurance rates for your Volvo S60? Did you come to the realization that you have an underperforming, overpriced auto insurance policy? Trust us, there are lots of people in the same boat.

You have so many insurers to insure vehicles with, and although it’s a good thing to have a selection, having more auto insurance companies makes it harder to compare rates and find the lowest cost auto insurance.

It’s a good idea to do price comparisons on a regular basis since rates are variable and change quite frequently. If you had the best rate on S60 insurance six months ago there is a good chance you can find better prices now. Forget all the misinformation about auto insurance because you’re about to learn the proper way to buy cheaper auto insurance.

Quote car insurance online

When shopping for car insurance there are multiple ways to get quotes from all the different companies. One of the best ways to find competitive 2015 Volvo S60 insurance rates is to perform an online rate comparison. It is quite easy and can be accomplished in just a few minutes using one of these methods.

The best way to find the lowest comparison rates would be an industry-wide quote request form like this one (opens in new window). This style of form saves time by eliminating multiple quote forms for every prospective company. One quote request gets you price quotes instantly.

A harder way to find better pricing is to take the time to go to each company’s website to complete their respective quote request forms. For instance, we’ll pretend you want to view quotes from Geico, 21st Century and Liberty Mutual. In order to get each rate, you would have to take the time to go to each site and type in your information over and over, which can take a lot of time. For a list of links to insurance companies in your area, click here.

The final method to find cheaper rates is to spend your day driving to all the different insurance agencies. Doing it all online eliminates the middleman unless you want the personal advice that only an agent can give. However, consumers can compare online quotes but have a local agent actually write the policy.

Which method you use is up to you, but ensure you’re using nearly identical coverage data on every quote. If you enter different liability limits it will be very difficult to get a fair rate comparison. Even a minor difference in limits could throw off the whole comparison. Keep in mind that comparing all the rates in your area will enable you to find the best rates.

Auto insurance advertisements

Auto insurance companies such as Progressive, Allstate and Geico endlessly run television and radio advertisements. All the ads make an identical promise about how much you will save just by moving your policy. How does every company claim to save you money?

Auto insurance companies look for specific characteristics for a prospective insured that earns them the most money. One example of a profitable customer might be married and over the age of 30, insures multiple vehicles, and does not commute to work. Anybody who matches that profile will probably get cheap car insurance rates and therefore will save when they switch companies.

Drivers who fall outside those criteria will probably be forced to pay higher premiums which translates to the customer buying from a different company. Company advertisements say “drivers that switch” not “all people who quote” save money. This is how insurance companies can confidently advertise the savings.

This really illustrates why it’s extremely important to compare rate quotes every year. It is impossible to predict which insurance companies will be your best fit.

Do you qualify for discounts?

Auto insurance is expensive, but there could be available discounts that can help lower your rates. Certain discounts will be triggered automatically when you quote, but a few must be asked about prior to receiving the credit.

• Driver Training Discounts – Taking a driver safety course could possibly earn you a 5% discount and easily recoup the cost of the course.
• Accident Forgiveness Coverage – Not really a discount, but companies like State Farm, Progressive and Geico will let one accident slide without getting socked with a rate hike if your claims history is clear prior to being involved in the accident.
• Multi-Vehicle Discounts – Purchasing coverage when you have all your vehicles on one policy can get a discount on all vehicles.
• Good Grades Discount – Being a good student can earn a discount of 20% or more. This discount can apply up until you turn 25.
• Discount for Low Mileage – Maintaining low annual mileage could qualify for better auto insurancerates on cars that stay parked.
• Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.

Discounts save money, but please remember that some of the credits will not apply to your bottom line cost. The majority will only reduce specific coverage prices like medical payments or collision. So even though they make it sound like you can get free auto insurance, that’s just not realistic.

The best auto insurance companies and the discounts they provide can be read below.

• State Farm offers discounts including defensive driving training, passive restraint, multiple policy, accident-free, student away at school, and Drive Safe & Save.
• Nationwide policyholders can earn discounts including accident-free, multi-policy, easy pay, family plan, and defensive driving.
• Geico may have discounts that include daytime running lights, air bags, anti-theft, anti-lock brakes, seat belt use, and driver training.
• AAA offers premium reductions for pay-in-full, good student, anti-theft, good driver, multi-car, multi-policy, and education and occupation.
• 21st Century discounts include driver training, good student, anti-lock brakes, automatic seat belts, and teen driver.
• The Hartford may offer discounts for vehicle fuel type, air bag, driver training, anti-theft, defensive driver, bundle, and good student.

If you are trying to find inexpensive car insurance quotes, ask each company what discounts are available to you. A few discounts may not be offered in your area. To choose providers that have a full spectrum of discounts, follow this link.

Don’t assume everyone needs the same insurance coverage

When choosing coverage, there really is not a perfect coverage plan. Every situation is different so your insurance needs to address that. For instance, these questions might point out if your insurance needs would benefit from professional advice.

• When would I need rental car insurance?
• Am I covered when driving in Canada or Mexico?
• Do I need roadside assistance coverage?
• What discounts do I qualify for?
• How do I buy GAP insurance?
• Should I get collision insurance on every vehicle?
• Does my insurance cover a custom paint job?
• Can I rate high risk drivers on liability-only vehicles?
• Do I have coverage when pulling a U-Haul trailer?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Insurance coverage considerations

Having a good grasp of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability car insurance – This can cover damage that occurs to people or other property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as court costs, loss of income, repair bills for other people’s vehicles, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Comprehensive coverages – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, damage from getting keyed, falling objects, a broken windshield and vandalism. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like ambulance fees, pain medications and EMT expenses. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like colliding with a tree, driving through your garage door and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

A penny earned…

Some car insurance companies may not provide price quotes online and usually these regional carriers work with independent agencies. Lower-priced car insurance is attainable from both online companies and from local insurance agents, so you need to compare both to have the best rate selection.

We just covered many ideas to reduce 2015 Volvo S60 insurance premium rates online. The most important thing to understand is the more companies you get prices for, the more likely it is that you will get a better rate. Drivers may discover the best price on car insurance is with a smaller regional carrier. They often have lower prices on specific markets than the large multi-state companies such as Allstate and Progressive.

More resources

• Choosing an Insurance Company (Insurance Information Insitute)
• Crash Avoidance Technologies FAQ (iihs.org)
• Bodily Injury Coverage (Liberty Mutual)
• Vehicle Size and Weight FAQ (iihs.org)