Cheap 2010 Volvo S40 Car Insurance Quotes

Comparison shopping for auto insurance can be difficult for consumers new to shopping for insurance online. You have so many choices that it can be more work than you anticipated to find lower rates.

Parts of the Volvo S40 rate equation

Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for insurance coverage. Knowing what influences your rates helps enable you to make changes that may reward you with better insurance coverage rates.

  • Lower miles equals lower premium – The more miles you rack up on your Volvo each year the more you’ll pay to insure your vehicle. Almost all companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage policy shows how each vehicle is driven. Incorrect usage on your S40 may be wasting your money.
  • Sex matters – Statistics demonstrate that women are safer drivers than men. However, don’t assume that women are better drivers. Men and women cause accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also get more serious tickets such as reckless driving.
  • Car features impact rates – Choosing a vehicle with a theft deterrent system can get you a discount on your insurance coverage. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft.
  • Better credit means lower rates – Credit score is a huge factor in calculating your insurance coverage rates. People with good credit tend to be more responsible than those with poor credit. Therefore, if your credit rating is low, you could pay less to insure your 2010 Volvo S40 by improving your rating.
  • Do you need those extra coverages? – There are quite a few add-on coverages that you can buy on your insurance coverage policy. Coverages for rental car reimbursement, towing coverage and motor club memberships are some examples. They may seem like a good idea at first, but if you don’t need them eliminate them to save money.
  • Where you live is a factor – Being located in a rural area is a positive aspect when buying insurance coverage. City drivers regularly have more traffic problems and a longer drive to work. Fewer people translates into fewer accidents as well as less vandalism and auto theft.
  • Rates may be lower depending on your job – Careers like judges, executives and dentists are shown to have the highest average rates because of job stress and lengthy work days. Other occupations like actors, historians and retirees pay the least for S40 coverage.

More discounts equal less premium

Companies that sell car insurance don’t necessarily list all available discounts in an easy-to-find place, so we break down both well-publicized and also the lesser-known ways to save on insurance.

  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with a substantially lower rate.
  • No Claims – Claim-free drivers pay less when compared to frequent claim filers.
  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for S40 coverage than drivers with accidents.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Safety Course Discount – Taking part in a course teaching defensive driving skills could save 5% or more if your company offers it.
  • Paperwork-free – Some insurance companies give back up to $50 for buying a policy and signing up online.
  • Save over 55 – If you’re over the age of 55, you may receive better insurance rates for S40 coverage.
  • Good Student Discount – This discount can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.

A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. A few only apply to specific coverage prices like liability and collision coverage. Just because you may think all those discounts means the company will pay you, you won’t be that lucky.

For a list of insurers with discount insurance rates, follow this link.

Do drivers who switch really save?

Companies like Allstate, Geico and Progressive constantly bombard you with ads in print and on television. All the ads make an identical promise that you’ll save big if you switch your coverage to them. How do they all claim to save you money?

Different companies have a certain “appetite” for the type of customer they prefer to insure. An example of a desirable insured could be between 25 and 40, has no driving citations, and has a short commute. A customer getting a price quote who meets those qualifications gets the lowest rates and most likely will save a lot of money.

Drivers who are not a match for these standards will have to pay higher rates which usually ends up with the customer not buying. The ad wording is “customers who switch” not “people who quote” save that kind of money. That’s the way insurance companies can make the claims of big savings. Because of the profiling, drivers should get quotes from several different companies. You cannot predict the company that will have the lowest Volvo S40 insurance rates.

It’s not one size fits all

When choosing adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different.

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

  • Do I pay less if my vehicle is kept in my garage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Does medical payments coverage apply to all occupants?
  • What is PIP insurance?
  • What can I do if my company denied a claim?
  • At what point should I drop full coverage?
  • Is there coverage for injuries to my pets?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form.

Specific coverage details

Having a good grasp of your policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Liability – This protects you from damage that occurs to other’s property or people in an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like attorney fees, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Volvo S40.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for medical expenses – Coverage for medical payments and/or PIP provide coverage for expenses such as funeral costs, doctor visits and EMT expenses. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision – Collision coverage will pay to fix damage to your S40 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like sustaining damage from a pot hole, driving through your garage door, crashing into a ditch and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive insurance – This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as fire damage, damage from a tornado or hurricane and falling objects. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

You can do this!

Consumers change insurance companies for a number of reasons such as extreme rates for teen drivers, being labeled a high risk driver, policy cancellation or even delays in responding to claim requests. No matter why you want to switch, choosing a new insurance company is not as difficult as it may seem.

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There are a lot of situations where an insured cut liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to purchase plenty of coverage at the best price, not the least amount of coverage.

Cheaper 2010 Volvo S40 insurance can be bought on the web and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection. Some insurance providers may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

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