Lower Your 1994 Volvo 850 Car Insurance Cost

Trying to find better insurance prices for your Volvo 850 can turn out to be difficult, but you can learn the following methods to find lower rates.

There are more efficient ways to shop for insurance and you need to know the absolute fastest way to get price quotes on a Volvo and find the lowest price from both online companies and local agents.

Discounts are great for lower rates

Insurance can be prohibitively expensive, but you may find discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you get a quote, but less common discounts must be asked about before you will receive the discount. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Fewer Miles Equal More Savings – Low mileage vehicles could qualify for better rates on cars that stay parked.
  • Auto/Home Discount – If you have multiple policies with one company you will save 10% to 20% off each policy.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • College Student – Youth drivers who live away from home and don’t have a car can be insured at a reduced rate.
  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.
  • Multiple Vehicles – Insuring multiple vehicles on one policy may reduce the rate for each vehicle.
  • 55 and Retired – Mature drivers may qualify for reduced rates on 850 insurance.
  • Memberships – Belonging to certain professional organizations may earn a discount when shopping for insurance coverage on 850 insurance.

Drivers should understand that most credits do not apply to the overall cost of the policy. Most cut the cost of specific coverages such as liability, collision or medical payments. So when the math indicates you can get free auto insurance, you won’t be that lucky. Any qualifying discounts will reduce your overall premium however.

Companies who might offer some of the above discounts include:

Before buying, ask each company how you can save money. Some discounts might not be offered in your state.

Quick Insurance Coverage Quotes

Comparing insurance coverage rates is a ton of work if you don’t utilize the fastest way to get free quotes. You can spend countless hours driving to local insurance agents in your area, or you could save time and use online quotes to get rates in a matter of minutes.

The majority of car insurance companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and each participating company provides a quote based on that information. This eliminates the need for repetitive form submissions to each individual insurance coverage company.

To enter your information into the quoting system, click here to open in new window.

The single downside to doing it this way is you can’t choose which carriers you want to price. If you wish to select from a list of companies to receive pricing from, we have assembled a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

Whichever way you use, ensure you are comparing identical coverage limits for every quote you compare. If you have higher or lower deductibles it’s impossible to decipher which rate is best.

You may need specialized coverage

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different.

For example, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Am I better off with higher deductibles on my 1994 Volvo 850?
  • Should I have combined single limit or split liability limits?
  • Are rental cars covered under my policy?
  • Does medical payments coverage apply to all occupants?
  • Should I have a commercial auto policy?
  • When should my teen driver be added to my policy?
  • What is high-risk coverage and where do I buy it?
  • Should I carry comprehensive and collision coverage?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Coverages available on your policy

Learning about specific coverages of insurance aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hail damage, damage from flooding, hitting a bird, falling objects and fire damage. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Volvo 850.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision protection

Collision coverage pays for damage to your 850 resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as sustaining damage from a pot hole, hitting a parking meter, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for expenses like surgery, X-ray expenses and doctor visits. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Liability coverage

Liability coverage protects you from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as medical expenses, emergency aid, legal defense fees, loss of income and bail bonds. How much coverage you buy is your choice, but you should buy higher limits if possible.

What is YOUR best insurance company?

Cheap 1994 Volvo 850 insurance can be found both online in addition to many insurance agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who do not provide online quoting and these small, regional companies work with independent agents.

When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. In many instances, an insured cut uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase plenty of coverage at a price you can afford while still protecting your assets.

Throughout this article, we presented a lot of techniques to lower your insurance rates. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. You may even discover the biggest savings come from a smaller regional carrier.

More detailed insurance coverage information can be found in these articles: