Save on 2008 Volvo C70 Car Insurance Rates

Tired of robbing Peter to pay Paul to pay your car insurance bill each month? You are no different than many other consumers.

Popular companies such as State Farm, Allstate, Geico and Progressive constantly blast consumers with ads and it is difficult to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

Cut your insurance coverage rates with discounts

Companies don’t necessarily list all their discounts in an easy-to-find place, so we took the time to find some of the more common and the more hidden insurance coverage savings.

  • Discount for New Cars – Insuring a new car can save up to 30% compared to insuring an older model.
  • Safety Course Discount – Taking part in a defensive driving course could cut 5% off your bill if you qualify.
  • Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Volvo could be rewarded with lower rates on the low mileage vehicles.
  • Discount for Life Insurance – Larger companies have a break if you buy a life insurance policy as well.

Keep in mind that most of the big mark downs will not be given to all coverage premiums. Some only reduce individual premiums such as liability and collision coverage. Just because you may think you can get free auto insurance, it doesn’t quite work that way.

To see a list of insurers who offer insurance coverage discounts, click this link.

You are unique and your car insurance should be too

When it comes to choosing adequate coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that can help discover if your insurance needs would benefit from professional advice.

  • What if I owe more than I can insure my car for?
  • Am I covered if I drive in a foreign country?
  • I have good health insurance, so how much medical payments coverage do I need?
  • How do I insure my teen driver?
  • What vehicles should carry emergency assistance coverage?
  • Am I covered if my car is in a flood?
  • Does liability extend to a camper or trailer?

If you’re not sure about those questions, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Do drivers who switch really save?

Auto insurance companies such as State Farm, Allstate and Geico constantly bombard you with ads on television and other media. They all seem to have a common claim that you’ll save big if you switch to their company. How do they all make the same claim?

Insurance companies have a certain “appetite” for the type of customer they prefer to insure. For instance, a driver they prefer might be profiled as a mature driver, a clean driving record, and drives less than 10,000 miles a year. Any driver that hits that “sweet spot” receives the best rates and as a result will probably cut their rates substantially.

Consumers who do not match the “perfect” profile must pay higher prices which usually ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “people who quote” save that much money. That is how companies can truthfully state the savings. This illustrates why you should get quotes from several different companies. It is impossible to predict which auto insurance company will fit your personal profile best.

Specific coverage details

Learning about specific coverages of insurance aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages available from insurance companies.

Comprehensive coverage – This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hitting a bird, damage from flooding, theft and rock chips in glass. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Volvo C70.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as hitting a parking meter, hitting a mailbox, scraping a guard rail and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Liability – This provides protection from damage that occurs to other’s property or people by causing an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, pain and suffering, court costs, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for dental work, EMT expenses and X-ray expenses. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Pennies from heaven

While you’re price shopping online, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured dropped uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find for the lowest price while still protecting your assets.

Throughout this article, we presented many ideas to shop for 2008 Volvo C70 insurance online. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the lowest premiums are with an unexpected company. They often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.

Helpful articles