View 2007 Volvo V70 Insurance Rates

Searching for better insurance coverage rates for your Volvo V70? Having to pay for overpriced Volvo V70 insurance can empty your savings account and make it hard to pay other bills. Comparing price quotes is free, only takes a few minutes, and is a good way to cut your insurance bill. Drivers have multiple insurance companies to purchase coverage from, and even though it’s nice to have a choice, it can be more difficult to find the lowest rates.

Choosing the best insurance company for you is not that difficult. If you are insured now or need a new policy, you will benefit by learning to cut your premiums while maintaining coverages. Drivers just need to understand the proper way to shop their coverage around online.

Parts of the Volvo V70 rate equation

Smart consumers have a good feel for the different types of things that help determine the rates you pay for auto insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that will entitle you to big savings.

  • Increase deductibles and save – The deductibles define the amount you are willing to pay in the event of a claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims are running into the backend of another car, collision with an animal, and rolling your vehicle. The more you have to pay, the bigger discount you will receive on V70 coverage.
  • Credit scores impact auto insurance rates – Your credit score is a large factor in determining what you pay for auto insurance. People with excellent credit tend to be more responsible as compared to drivers with lower ratings. So if your credit score is low, you could be paying less to insure your 2007 Volvo V70 by improving your credit score.
  • With age comes lower rates – Older insureds are more cautious drivers, statistically cause fewer accidents and receive fewer citations. Teen drivers have a tendency to be less responsible when behind the wheel therefore auto insurance rates are much higher.
  • Don’t skimp on liability – The liability section of your policy provides coverage if a court rules you are at fault for damages caused by your negligence. Liability insurance provides legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Pleasure use saves money – The more you drive every year the more you will pay for auto insurance. Most insurance companies rate vehicles based upon how you use the vehicle. Cars and trucks used primarily for pleasure use can get a lower rate than those used for commuting. Having the wrong rating on your V70 can result in significantly higher rates. Double check that your auto insurance policy is showing the correct driver usage, because it can save money.
  • Careful drivers pay lower rates – Drivers who don’t get tickets tend to pay less for car insurance than their less careful counterparts. Only having one speeding ticket can bump up the cost by as much as thirty percent. Drivers who have dangerous citations like DUI or reckless driving may need to file a SR-22 with their state motor vehicle department in order to prevent a license revocation.
  • Small claims can cost you – Companies generally give lower rates to drivers who do not rely on their insurance for small claims. If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for larger claims.
  • Never allow your policy to lapse – Driving your car without having proper coverage is against the law and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.

How to Get Car Insurance

Finding cheaper 2007 Volvo V70 car insurance prices can be quick and easy. All that’s required is to take time comparing price quotes provided by online insurance companies. This can be accomplished using a couple different methods.

  1. The easiest and least time consuming way to compare a lot of rates at once is an all-inclusive rate comparison like this one (opens in new window). This type of form saves time by eliminating separate quotation requests for every car insurance company. Taking the time to complete one form will return price quotes from car insurance companies with the best prices.
  2. A more time consuming way to get quotes online is to take the time to go to the website for every company you want to comare and fill out their own quote form. For example, let’s say you want rates from Nationwide, Esurance and State Farm. To find out each rate you need to go to every website and enter your information, which is why the first method is quicker.

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

  3. The least recommended method of getting rate comparisons is driving around to local insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you prefer the personal advice that only a license agent can provide. It is possible to comparison shop online but still have the advice of a local agent and you’ll learn how to do that later.

Which method you use is up to you, but make sure you use exactly the same coverage limits and deductibles for each comparison quote. If each company quotes different limits and deductibles on each one it will be impossible to determine the lowest rate for your Volvo V70.

How can Geico, State Farm and Progressive save drivers who switch?

Consumers can’t ignore all the ads for cheaper car insurance from companies such as Geico, State Farm and Progressive. They all seem to make the same claim of big savings if you move your policy.

How can each company claim to save you money? This is how they do it.

All the different companies can use profiling for the right customer that is profitable for them. For example, a driver they prefer could possibly be between 25 and 40, has no prior claims, and has a high credit rating. A propective insured that hits that “sweet spot” will qualify for the lowest rates and therefore will save when they switch companies.

Consumers who don’t measure up to the requirements will be quoted higher rates and ends up with the customer not buying. Company advertisements say “customers who switch” but not “drivers who get quotes” save money. That is how companies can truthfully state the savings. This emphasizes why it is so important to get a wide range of price quotes. It’s impossible to know which company will have the lowest Volvo V70 insurance rates.

These discounts can lower your rates

Companies that sell car insurance do not advertise every available discount very well, so we took the time to find both well-publicized as well as the least known discounts you could be receiving. If you don’t get every credit possible, you’re paying more than you need to.

  • Discount for Life Insurance – Larger companies have better rates if you take out life insurance.
  • Senior Citizens – If you’re over the age of 55, you may receive a discount up to 10% on V70 coverage.
  • Own a Home – Owning a house may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.
  • Safety Course Discount – Taking part in a course in driver safety could save 5% or more if you qualify.
  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you could get a discount of 10% to 20% off each policy.

Keep in mind that many deductions do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, it doesn’t quite work that way.

To see a list of insurers with the best car insurance discounts, click this link.

Different people need different coverages

When choosing the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if you will benefit from professional help.

  • How much liability coverage do I need in my state?
  • Am I better off with higher deductibles on my 2007 Volvo V70?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is a new car covered when I drive it off the dealer lot?
  • What is no-fault insurance?
  • When can I cancel my policy?
  • Does coverage extend to my business vehicle?
  • How many claims can I have before being cancelled?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It is quick, free and may give you better protection.

Specifics of your insurance policy

Having a good grasp of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Volvo V70.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Coverage for liability – Liability coverage can cover damages or injuries you inflict on other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers things such as structural damage, repair bills for other people’s vehicles, pain and suffering and medical expenses. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverages – Collision insurance pays for damage to your V70 resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like damaging your car on a curb, crashing into a ditch, backing into a parked car, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Coverage for medical payments – Med pay and PIP coverage kick in for immediate expenses like rehabilitation expenses, prosthetic devices, pain medications and doctor visits. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – This pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, a broken windshield, rock chips in glass and falling objects. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Save your hard earned cash

We just presented many ideas to reduce 2007 Volvo V70 insurance prices online. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the lowest priced car insurance comes from an unexpected company. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm or Progressive.

Discount insurance can be sourced on the web as well as from independent agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.

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