2008 Volvo S60 Insurance Cost – 6 Tips for Cheapest Prices

Searching for lower auto insurance rates for your Volvo S60? Confused by the crazy number of auto insurance options? Lot’s of other consumers are too. Drivers have so many options that it can easily become a challenge to compare prices.

Consumers need to do rate comparisons before your policy renews since insurance rates change quite often. Just because you found the lowest price for S60 insurance two years ago there is a good chance you can find better rates now. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to one of the best ways to eliminate unnecessary coverages and save money.

Pricing the best auto insurance can be fairly easy. In a nutshell, everyone who has to buy auto insurance most likely will be able to reduce their rates. Nevertheless, consumers benefit from understanding how big insurance companies market on the web and use this information to your advantage.

Insurance Coverage Prices Online

Effectively comparing insurance coverage prices can be exhausting if you don’t know the most efficient way to do it. You can waste a lot of time driving to insurance agencies in your area, or you can stay home and use the web for quick rates.

Most major companies are enrolled in a marketplace that enables customers to send in one quote, and every company can give them a price. This prevents consumers from doing form submissions for each company.

To find out how much you’re overpaying now click here to open in new window.

The single downside to getting quotes like this is buyers cannot specifically choose which providers to get pricing from. If you would rather choose specific providers for rate comparison, we put together a list of the cheapest insurance coverage companies in your area. Click here to view list.

It’s up to you which method you use, but ensure you are comparing the exact same coverages for each comparison quote. If you are comparing unequal deductibles or liability limits you will not be able to determine which rate is truly the best. Quoting even small variations in coverages may cause a big price difference. And when comparing insurance coverage rates, know that having more price comparisons will enable you to find the best price.

Do you qualify for a discount?

The cost of insuring your cars can be expensive, buy you may qualify for discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you get a quote, but lesser-known reductions have to be manually applied before they will apply.

  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
  • Accident Forgiveness – Some insurance companies permit an accident before your rates go up if your claims history is clear for a certain period of time.
  • Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Senior Discount – If you’re over the age of 55, you may receive a discount up to 10% for S60 insurance.
  • Anti-theft Discount – Vehicles with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.

Consumers should know that most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, you won’t be that lucky. But all discounts will cut the cost of coverage.

For a list of companies offering insurance discounts, click here.

What coverages do I need?

When buying adequate coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For instance, these questions might help in determining whether or not you might need professional guidance.

  • Am I covered if I hit my neighbor’s mailbox?
  • Is my 2008 Volvo S60 covered for smoke damage?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What is an SR-22 filing?
  • Am I better off with higher deductibles on my 2008 Volvo S60?
  • Should I buy full coverage?
  • If I drive on a suspended license am I covered?
  • When should I buy a commercial auto policy?
  • Do all my vehicles need collision coverage?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Car insurance coverage considerations

Understanding the coverages of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Volvo S60.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are set the same as your liablity limits.

Liability insurance

Liability coverage protects you from damage or injury you incur to other’s property or people. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for claims like loss of income, court costs and funeral expenses. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Comprehensive insurance

This coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, hitting a deer, vandalism and damage from getting keyed. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like nursing services, chiropractic care, rehabilitation expenses and surgery. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like damaging your car on a curb, colliding with a tree, sideswiping another vehicle, hitting a parking meter and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Final thoughts

We just showed you some good ideas how you can compare 2008 Volvo S60 insurance prices online. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the best price on car insurance is with a small mutual company.

Consumers who switch companies do it for a variety of reasons including delays in paying claims, being labeled a high risk driver, an unsatisfactory settlement offer and not issuing a premium refund. Whatever your reason, finding a great new company is easier than you think.

As you go through the steps to switch your coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced uninsured motorist or liability limits and discovered at claim time that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at a price you can afford while still protecting your assets.

Helpful information