Save on 2001 Volvo C70 Insurance Rates

Want cheaper auto insurance rates for your Volvo C70? Finding the lowest price for auto insurance may seem to be difficult if you are a beginner to online quoting. Don’t let that stop you because it’s actually quite easy.

Finding the best rates is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this strategy. Nevertheless, consumers do need to understand how companies determine prices and use this information to your advantage.

Comprehensive Auto Insurance Comparison

The are a couple different ways to compare rate quotes from local auto insurance companies. By far the easiest way to find the cheapest 2001 Volvo C70 insurance rates involves getting comparison quotes online. This can be done using a couple different methods.

  1. The recommended way to find the lowest comparison rates is to use a rate comparison form click to view form in new window. This method saves time by eliminating boring form submissions for each company you want a rate for. A single, simple form gets you price quotes instantly.It’s the quickest way to get rates.
  2. A more time consuming way to compare prices consists of going to each company website to request a price quote. For sake of this example, let’s assume you want comparison quotes from USAA, 21st Century and Progressive. To get rate quotes you would need to take the time to go to each site to input your insurance information, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

It’s up to you which method you use, but make darn sure you compare exactly the same deductibles and coverage limits on every quote you get. If your comparisons have mixed coverages it will be very difficult to decipher which rate is best. Just a small difference in insurance coverages can mean a large discrepancy in price. And when comparison shopping, getting more free quotes helps locate a lower rate.

These discounts can lower your rates

Auto insurance companies don’t always list all available discounts very clearly, so the following is a list of some of the more common and also the lesser-known discounts you could be receiving.

  • New Car Discount – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Drivers Education – Have your child complete a driver education course if it’s offered in school.
  • Multi-policy Discount – If you have multiple policies with one company you may save up to 20% off your total premium.
  • Senior Discount – Older drivers may qualify for reduced rates for C70 insurance.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. Just because it seems like you could get a free auto insurance policy, companies don’t profit that way.

To see a list of companies with discount auto insurance rates, click here.

Why you might be paying too much to insure your Volvo C70

It’s important that you understand the different types of things that go into determining insurance rates. When you know what positively or negatively influences your rates enables informed choices that will entitle you to big savings.

Listed below are some of the factors insurance companies consider when setting prices.

  • Older drivers save more – Young drivers are known to be less responsible in a vehicle so insurance rates are higher. Mature drivers tend to be more responsible, tend to file fewer claims and are safer drivers.
  • How’s your driving record? – Drivers who don’t get tickets tend to pay less for car insurance compared to drivers with tickets. Even a single citation can bump up the cost by as much as thirty percent. If you have flagrant violations such as DUI or reckless driving may find they need to file a SR-22 with their state motor vehicle department in order to keep their license.
  • Safer occupants lowers premiums – Safer cars are cheaper to insure. Safer cars protect occupants better and lower injury rates means less money paid by your insurance company and lower rates for you. If the Volvo C70 is rated at least four stars on it may be receiving lower rates.
  • Pay less if you’re married – Getting married actually saves money on insurance. Having a significant other is viewed as being more responsible it has been statistically shown that married couples file fewer claims.
  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your insurance. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Low deductibles can be expensive – Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your Volvo. Some instances where coverage would apply would be running into the backend of another car, damage caused by hail, and rolling your vehicle. Deductibles for physical damage are how much you are required to spend before your insurance pays a claim. The more you are required to pay out-of-pocket, the lower your rates will be for C70 insurance.
  • Your job and insurance rates – Jobs such as real estate brokers, social workers and stock brokers are shown to have the highest rates because of job stress and lengthy work days. On the other hand, professions such as scientists, students and retirees pay the least for C70 insurance.
  • Don’t get talked into coverage you don’t need – There are many extra bells and whistles that you can buy when buying insurance. Coverages like rental car reimbursement, towing coverage and term life insurance are examples of these. These may sound like a good investment initially, but if they’re wasting money get rid of them and save.

Different people need different coverages

When buying adequate coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique.

For instance, these questions may help highlight whether you could use an agent’s help.

  • What if I owe more than I can insure my car for?
  • Can I afford to buy a different vehicle if my 2001 Volvo C70 is totaled?
  • Am I getting all the discounts available?
  • Who is covered when they drive my 2001 Volvo C70?
  • Should I buy more coverage than the required minimum liability coverage?
  • Can my teen driver be rated on a liability-only vehicle?
  • Is business equipment covered while in my vehicle?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form.

Drivers who switch save $471 a year? Really?

Insurance companies such as Geico, State Farm and Progressive continually stream ads on TV and radio. They all seem to say the same thing of big savings after switching to their company. But how can every company claim to save you money? It’s all in the numbers.

All the different companies can use profiling for the type of driver that earns them a profit. For instance, a driver they prefer might be profiled as between 30 and 50, has no tickets, and drives less than 7,500 miles a year. Any driver who meets those qualifications gets the lowest rates and most likely will save a lot of money.

Potential insureds who don’t measure up to this ideal profile will be quoted a more expensive rate and ends up with business not being written. The ads say “customers that switch” not “people who quote” save that much. That’s why insurance companies can make those claims. This emphasizes why drivers should get as many comparisons as possible. Because you never know which insurance companies will give you the biggest savings on Volvo C70 insurance.

Auto insurance coverages and their meanings

Knowing the specifics of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like doctor visits, dental work, X-ray expenses and prosthetic devices. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage – This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as falling objects, damage from a tornado or hurricane, theft and a tree branch falling on your vehicle. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto liability – This provides protection from damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like funeral expenses, medical expenses, legal defense fees and emergency aid. How much coverage you buy is your choice, but buy as large an amount as possible.

Collision – Collision insurance pays for damage to your C70 resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with another moving vehicle, hitting a mailbox, sideswiping another vehicle, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2001 Volvo C70.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage on a shoestring budget

Consumers switch companies for many reasons like poor customer service, not issuing a premium refund, extreme rates for teen drivers and even being labeled a high risk driver. Whatever your reason, choosing a new company can be pretty painless.

As you prepare to switch companies, don’t be tempted to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice liability limits or collision coverage only to find out that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage at a price you can afford.

We covered a lot of ways to lower your 2001 Volvo C70 insurance rates. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers could even find that the best prices are with an unexpected company.

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