1991 Volvo 740 Insurance Quotes – 9 Savings Tips

Trying to find the cheapest insurance for a new or used Volvo 740 can be a lot of work, but you can follow these tips to find lower rates. There is a right way and a wrong way to shop for insurance and you need to know the absolute fastest way to price shop coverage for a Volvo and locate the lowest possible price.

You probably qualify for some discounts

Companies that sell car insurance don’t always publicize every available discount in an easy-to-find place, so we break down some of the best known and also the lesser-known savings tricks you should be using. If they aren’t giving you every credit available, you are paying more than you should be.

  • Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Resident Student – Kids in college who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Early Signing – Select companies give a discount for switching to them prior to your current policy expiring. This can save 10% or more.
  • Paperwork-free – A handful of insurance companies may give you up to $50 for buying your policy digitally online.
  • Good Students Pay Less – This discount can save 20 to 25%. The good student discount can last until age 25.
  • Low Mileage – Keeping the miles down on your Volvo can qualify you for lower rates on the low mileage vehicles.
  • Organization Discounts – Being a member of certain professional organizations could trigger savings when shopping for insurance coverage for 740 coverage.
  • Save over 55 – If you qualify as a senior citizen, you may be able to get better insurance coverage rates for 740 coverage.
  • Safe Drivers – Insureds without accidents may receive a discount up to 45% less for 740 coverage than less cautious drivers.

Consumers should know that most of the big mark downs will not be given the the whole policy. Some only reduce specific coverage prices like comp or med pay. So when the math indicates you could get a free insurance coverage policy, you won’t be that lucky.

For a list of insurance companies with discount insurance coverage rates, follow this link.

There’s no such thing as the perfect policy

When choosing coverage, there is no one size fits all plan. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine whether you could use an agent’s help.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What is UM/UIM insurance?
  • What is the minimum liability in my state?
  • What is the difference between comprehensive and collision coverage?
  • Why do I only qualify for high-risk insurance?
  • Should I buy additional glass protection?
  • Why is insurance for a teen driver so high?
  • Is rental equipment covered for theft or damage?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form. It is quick, free and can help protect your family.

Don’t be fooled by advertising claims

Drivers can’t ignore all the ads that promise big savings from the likes of Geico, State Farm and Progressive. All the companies say the same thing about savings if you switch your coverage to them.

But how can every company say the same thing? This is how they do it.

Different companies are able to cherry pick for the right customer that makes them money. For instance, a desirable insured might be a mature driver, owns a home, and has a short commute. A driver who fits that profile is entitled to the best price and is almost guaranteed to cut their rates substantially.

Consumers who do not match this ideal profile will be quoted a higher premium and ends up with the driver buying from a lower-cost company. The ads say “customers that switch” not “people who quote” save that kind of money. That is how insurance companies can make those claims. This emphasizes why it is so important to get quotes from several different companies. Because you never know the company that will give you the biggest savings on Volvo 740 insurance.

Insurance coverage breakdown

Learning about specific coverages of insurance aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Auto liability

Liability coverage provides protection from damages or injuries you inflict on a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as court costs, bail bonds and structural damage. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Collision protection

Collision coverage will pay to fix damage to your 740 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as sustaining damage from a pot hole, rolling your car, driving through your garage door and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Insurance for medical payments

Med pay and PIP coverage reimburse you for immediate expenses for rehabilitation expenses, prosthetic devices, EMT expenses, chiropractic care and pain medications. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a broken windshield, hail damage, hitting a deer and rock chips in glass. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Pennies from heaven

As you prepare to switch companies, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where drivers have reduced liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The aim is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Cost effective 1991 Volvo 740 insurance is definitely available online and with local insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance providers do not offer online quoting and these smaller companies work with independent agents.

Insureds change insurance companies for a number of reasons such as questionable increases in premium, policy non-renewal, high prices and lack of trust in their agent. Regardless of your reason, switching companies is less work than it seems.

Additional auto insurance information is available at these links: