2003 Volvo XC70 Insurance Rates – 6 Tips for Best Quotes

Looking for cheaper car insurance rates for your Volvo XC70? Nobody enjoys paying for car insurance, in particular when their premiums are through the roof. Online insurance companies like GEICO and Progressive persitently shower you with ad campaigns and it is difficult to ignore the promise of big savings and find the best price available.

Get lower rates on 2003 Volvo XC70 insurance

Companies don’t always list every discount in an easy-to-find place, so the following is a list of both the well known and the more hidden savings tricks you should be using. If they aren’t giving you every credit possible, you are throwing money away.

  • Sign Online – Some insurance companies give back up to $50 for buying your policy over the internet.
  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Auto/Life Discount – Some companies give a discount if you purchase life insurance.
  • Homeowners Discount – Being a homeowner can save you money due to the fact that maintaining a home requires personal responsibility.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • Military Rewards – Having a family member in the military could be rewarded with lower premiums.

As a disclaimer on discounts, most discount credits are not given to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think all those discounts means the company will pay you, you’re out of luck.

To see a list of insurers with the best insurance coverage discounts, follow this link.

Tailor your coverage to you

When buying adequate coverage, there isn’t really a best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.

  • Does my liability insurance cover pulling a trailer or camper?
  • Can I make deliveries for my home business?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does medical payments coverage apply to all occupants?
  • What is an SR-22 filing?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered if my car is in a flood?
  • Can I get a multi-policy discount?
  • Do I need motorclub coverage?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It is quick, free and can provide invaluable advice.

Car insurance ads bend the truth

Consumers get pounded daily by advertisements that promise big savings by GEICO, State Farm and Progressive. They all seem to say the same thing of big savings if you move to their company.

But how can every company make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the type of driver that earns them a profit. A good example of a driver they prefer might be a mature driver, insures multiple vehicles, and drives less than 7,500 miles a year. A driver who matches those parameters will qualify for the lowest rates and most likely will pay quite a bit less when switching companies.

Drivers who are not a match for the “perfect” profile must pay a more expensive rate which usually ends up with business going elsewhere. The ads say “customers that switch” not “everyone that quotes” save that much. That’s the way companies can state the savings. This illustrates why drivers should get quotes from several different companies. Because you never know which insurance companies will give you the biggest savings on Volvo XC70 insurance.

Information about specific coverages

Having a good grasp of your insurance policy can help you determine the right coverages for your vehicles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on the average insurance policy.

Liability auto insurance

This coverage will cover injuries or damage you cause to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims such as funeral expenses, court costs, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Comprehensive coverage

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, fire damage, theft and a broken windshield. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Volvo XC70.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as colliding with a tree, sideswiping another vehicle, backing into a parked car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like EMT expenses, chiropractic care, doctor visits, dental work and nursing services. They can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

A fool and his money are soon parted

We just covered quite a bit of information on how to shop for 2003 Volvo XC70 insurance online. It’s most important to understand that the more you quote, the higher the chance of saving money. You may even discover the lowest rates come from a smaller regional carrier. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.

As you shop your coverage around, never buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed physical damage coverage and found out when filing a claim that it was a big mistake. Your goal should be to get the best coverage possible for the lowest price while still protecting your assets.

Affordable insurance is attainable on the web as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies don’t offer online price quotes and most of the time these small insurance companies sell through independent agents.

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