How Much Does 2007 Volvo XC70 Car Insurance Cost?

Looking for the cheapest insurance coverage rates for your Volvo XC70? Comparison shopping for insurance coverage is always a challenge for consumers new to comparison shopping online. Consumers have so many companies to choose from that it can easily become a lot of work to locate the lowest price.

Complexity of Volvo XC70 insurance rates

Consumers need to have an understanding of the factors that go into determining insurance rates. Knowing what influences your rates helps enable you to make changes that can help you get big savings.

  • Lower deductibles cost more – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Volvo from damage. Examples of covered claims would be running into the backend of another car, vandalism, or theft. The deductibles are the amount of money you are required to spend out-of-pocket if you file a covered claim. The more you’re willing to pay, the bigger discount you will receive on XC70 insurance.
  • Cautious drivers pay less – Even a single ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets get better rates than people who have multiple driving citations. Drivers who get severe violations such as DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) with their state DMV in order to drive a vehicle legally.
  • Where do you drive? – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Most insurance companies apply a rate based on how the vehicle is used. Cars that are left in the garage qualify for better rates compared to those used for work or business. Verify your insurance declarations sheet shows the correct usage for each vehicle. Incorrect usage on your XC70 can cost quite a bit.
  • Being married can save on insurance – Getting married helps lower the price on your insurance policy. Marriage means you’re more mature than a single person it has been statistically shown that married drivers get in fewer accidents.

Get lower rates on 2007 Volvo XC70 insurance

Companies don’t always publicize every available discount in an easy-to-find place, so we took the time to find some of the more common and the more hidden insurance savings.

  • Discounts for Safe Drivers – Safe drivers may save up to 50% more on XC70 insurance than their less cautious counterparts.
  • Defensive Driving Course – Taking a course in driver safety can save you 5% or more if your company offers it.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Accident Waiver – Certain companies permit an accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Multi-car Discount – Having more than one vehicle on one policy could earn a price break for each car.
  • Early Signing – Some companies give discounts for switching policies prior to your current policy expiring. This can save 10% or more.
  • Memberships – Affiliation with a qualifying organization is a good way to get lower rates when shopping for insurance on XC70 insurance.
  • Accident Free – Drivers with accident-free driving histories pay less as compared to frequent claim filers.

It’s important to understand that some credits don’t apply to the entire cost. Most only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like all those discounts means the company will pay you, you’re out of luck.

Car insurance companies that possibly offer these benefits may include but are not limited to:

Before buying, ask each insurance company which discounts you may be entitled to. Some discounts may not apply in every state.

Buyer beware of insurance coverage advertising tricks

Insurance coverage providers like Progressive, Geico, Allstate and State Farm constantly bombard you with ads on television and other media. They all make the same claim about savings if you switch to them. How does each company say the same thing? It’s all in the numbers.

All the different companies have a certain “appetite” for the type of customer that makes them money. A good example of a preferred risk could be over the age of 40, insures multiple vehicles, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” is entitled to the best price and therefore will pay quite a bit less when switching companies.

Potential customers who fall outside these standards will be charged higher prices and this can result in business not being written. The ads say “people who switch” not “everyone that quotes” save that kind of money. This is how insurance companies can state the savings. That is why it is so important to get as many quotes as possible. It’s not possible to predict the company that will fit your personal profile best.

Tailor your coverage to you

When it comes to buying coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different.

For example, these questions might point out if you would benefit from professional advice.

  • What happens if I owe more than my 2007 Volvo XC70 is worth?
  • Do I have coverage for damage caused while driving under the influence?
  • Where can I get insurance after a DUI in my state?
  • When should I remove comp and collision on my 2007 Volvo XC70?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my teenager covered with friends in the car?
  • Is other people’s property covered if stolen from my vehicle?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance specifics

Understanding the coverages of a car insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, damage from flooding, theft and falling objects. The maximum payout your car insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like sideswiping another vehicle, hitting a parking meter, crashing into a building, sustaining damage from a pot hole and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Liability coverages

This coverage provides protection from damage or injury you incur to a person or their property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like structural damage, pain and suffering, repair costs for stationary objects, loss of income and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Volvo XC70.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses like hospital visits, rehabilitation expenses, ambulance fees and dental work. They are utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Knowledge is power

In this article, we presented quite a bit of information on how to shop for 2007 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 biggest savings come from a company that doesn’t do a lot of advertising.

Affordable insurance can be sourced from both online companies in addition to many insurance agents, and you need to price shop both to have the best selection. A few companies do not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

As you restructure your insurance plan, make sure you don’t sacrifice coverage to reduce premiums. There have been many cases where an insured cut physical damage coverage only to regret that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible at the best price, not the least amount of coverage.

Additional detailed information can be read by following these links: