Want cheaper auto insurance rates for your Volvo S80? No one in their right mind cherishes buying auto insurance, particularly when their premiums are too high. Insurance companies such as State Farm, Geico and Farmers Insurance all claim big savings, bombarding you with fancy advertisements and consumers find it hard to ignore the promise of big savings and find the best price available.
If you have insurance now or need new coverage, you can follow these tips to find the best rates and possibly find even better coverage. Buying car insurance is quite easy. Consumers just need to learn how to get comparison quotes on the web.
The easiest way to compare policy rates is to know the trick all the major auto insurance companies participate in online systems to give free rates quotes. All you need to do is spend a couple of minutes providing details such as what you do for a living, if you have an active license, the type of vehicles you drive, and your credit rating estimate. Your details is instantly provided to many highly-rated insurers and you get price estimates instantly to find the best rate.
To compare rates now, click here and complete the quick form.
Companies offering auto insurance do not advertise every discount very clearly, so here is a list some of the more common and the more hidden auto insurance savings. If you’re not getting every credit available, you’re just leaving money on the table.
Keep in mind that many deductions do not apply the the whole policy. Most cut individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you’re out of luck.
Insurance companies that may offer some of the above discounts include:
It’s a good idea to ask each company which discounts they offer. Discounts may not be available in every state.
When buying adequate coverage for your vehicles, there is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. These are some specific questions can help discover if your insurance needs might need professional guidance.
If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.
Consumers get pounded daily by advertisements for car insurance savings from companies such as Geico, State Farm and Progressive. All the ads make an identical promise that you can save if you change your policy.
But how can every company make almost identical claims? This is how they do it.
Insurance companies can use profiling for the right customer they prefer to insure. For example, a profitable customer could possibly be between the ages of 40 and 55, insures multiple vehicles, and has great credit. Any new insured who matches those parameters receives the best rates and most likely will cut their rates substantially.
Potential insureds who don’t measure up to this ideal profile will have to pay a higher premium which leads to business not being written. The ads say “drivers who switch” but not “drivers who get quotes” save that much. That’s why insurance companies can confidently advertise the savings. Because of the profiling, drivers should get a wide range of price quotes. It’s not possible to predict which insurance companies will provide you with the cheapest Volvo S80 insurance rates.
Understanding the coverages of your car insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages available from car insurance companies.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for immediate expenses for things like ambulance fees, surgery, rehabilitation expenses and hospital visits. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay
Auto liability insurance – This coverage will cover damage or injury you incur to people or other property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability coverage pays for claims like repair bills for other people’s vehicles, pain and suffering, funeral expenses and bail bonds. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.
Collision coverages – This coverage pays for damage to your S80 caused by collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as driving through your garage door, sideswiping another vehicle, colliding with another moving vehicle, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Comprehensive insurance – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as vandalism, damage from a tornado or hurricane, hitting a bird and a tree branch falling on your vehicle. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2008 Volvo S80.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
We just showed you many ways to lower your 2008 Volvo S80 insurance rates. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. You may even find the lowest premiums are with a smaller regional carrier. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.
When shopping online for auto insurance, don’t be tempted to reduce needed coverages to save money. In many cases, consumers will sacrifice collision coverage only to find out that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage at the best price.
Even more information is available in the articles below: