Trying to find lower car insurance rates for your Volvo C70? Overwhelmed by the sheer number of car insurance choices? Many other consumers are too. Drivers have so many companies to choose from that it can quickly become a real hassle to locate the lowest price.
It’s important that you understand the rating factors that go into determining the rates you pay for auto insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that could result in big savings.
Listed below are a few of the “ingredients” companies use to determine premiums.
Companies offering auto insurance don’t always advertise all their discounts very well, so we took the time to find some of the best known and the harder-to-find savings tricks you should be using.
As a disclaimer on discounts, many deductions do not apply the the whole policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like it’s possible to get free car insurance, it just doesn’t work that way.
A partial list of companies that may have these discounts include:
Before buying, ask each insurance company which discounts they offer. All car insurance discounts might not apply everywhere.
Insurance coverage companies such as State Farm, Geico and Progressive regularly use ads on television and other media. They all seem to have a common claim about savings if you move to them. How can each company make almost identical claims?
All the different companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a preferred risk could be between the ages of 30 and 50, insures multiple vehicles, and drives newer vehicles. A driver who matches those parameters will qualify for the lowest rates and most likely will save quite a bit of money when switching.
Potential customers who fall outside the requirements must pay higher prices which leads to the customer not buying. The ads say “customers who switch” not “people who quote” save money. This is how companies can truthfully make the claims of big savings. This illustrates why you should get a wide range of price quotes. It’s just too difficult to predict which company will have the lowest Volvo C70 insurance rates.
When it comes to buying coverage, there really is no one size fits all plan. Every situation is different.
Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form.
Learning about specific coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.
Liability coverage protects you from damage or injury you incur to people or other property. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has 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 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.
Liability can pay for claims like pain and suffering, medical expenses, court costs and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as large an amount as possible.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as hospital visits, pain medications, X-ray expenses, ambulance fees and doctor visits. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible
Comprehensive (Other than Collision)
This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for things such as hail damage, fire damage, damage from flooding, hitting a deer and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision insurance will pay to fix damage to your C70 caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims such as colliding with another moving vehicle, sideswiping another vehicle, backing into a parked car and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Protection from uninsured/underinsured drivers
This coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your 2006 Volvo C70.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.
As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced liability coverage limits and found out when filing a claim they didn’t purchase enough coverage. The proper strategy is to get the best coverage possible at an affordable rate, not the least amount of coverage.
Drivers who switch companies do it for many reasons like denial of a claim, policy non-renewal, extreme rates for teen drivers and even not issuing a premium refund. Regardless of your reason for switching companies, switching companies can be less work than you think.
Cost effective 2006 Volvo C70 insurance is attainable from both online companies and with local insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.
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