2010 Volvo XC70 Insurance Rates – 5 Savings Tips

Trying to find lower auto insurance rates for your Volvo XC70? Feel like you’re a prisoner to overpriced auto insurance? Believe me, many consumers feel financially strained by their auto insurance policy.

Since consumers have many online and local companies to choose from, it is hard for the average consumer to pick the cheapest provider.

This article will familiarize you with how to effectively get price quotes and some tricks to saving. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these tips. But drivers do need to learn the methods companies use to compete online and use this information to your advantage.

The easiest way to get policy rate comparisons is to understand most of the larger companies participate in a system to provide you with a free rate quote. To get started, all you need to do is provide a small amount of information including if a SR-22 is needed, which vehicles you own, your occupation, and how your vehicles are used. Your insurance information is instantly provided to multiple different insurance companies and you will receive price estimates almost instantly.

To start a quote now, click here then complete the form.

Buyer beware of car insurance advertising tricks

Car insurance providers like Allstate, GEICO and Progressive consistently run ads in print and on television. They all say the same thing that you’ll save big if you change to their company. How does each company make almost identical claims? This is how they do it.

Different companies have a preferred profile for the driver that is profitable for them. A good example of a preferred risk might be profiled as between the ages of 40 and 55, has no driving citations, and chooses high deductibles. A propective insured who fits that profile will get the preferred rates and is almost guaranteed to save when they switch companies.

Potential customers who are not a match for this ideal profile must pay higher rates and this can result in business going elsewhere. The ads state “drivers who switch” not “people who quote” save money. This is how insurance companies can confidently make the claims of big savings.

This illustrates why drivers must get quotes from several different companies. It’s just too difficult to predict which company will provide you with the cheapest Volvo XC70 insurance rates.

Discounts to lower 2010 Volvo XC70 insurance rates

The price of auto insurance can be rather high, but there are discounts available to help bring down the price. Most are applied at the time of purchase, but less common discounts must be asked for prior to getting the savings.

  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you will save 10% to 20% off each policy.
  • E-sign – Certain companies give back up to $50 for buying a policy and signing up online.
  • Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off for XC70 insurance with a few auto insurance companies.
  • Student in College – Children living away from home attending college and do not have a car can be insured at a reduced rate.
  • Life Insurance Discount – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. The majority will only reduce individual premiums such as comp or med pay. So when the math indicates having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will reduce the amount you have to pay.

To see a list of insurance companies who offer auto insurance discounts, click this link.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether your personal situation would benefit from an agent’s advice.

  • Why does it cost so much to insure a teen driver?
  • How many claims can I have before being cancelled?
  • Are my friends covered when driving my car?
  • If I drive on a suspended license am I covered?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What is an SR-22 filing?
  • How can I get my company to pay me more for my totalled car?

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, fill out this quick form or you can also visit this page to select a carrier

Specific coverages for a Volvo XC70

Learning about specific coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement. Shown next are the usual coverages available from insurance companies.

Liability insurance

This will cover damage that occurs to a person or their property. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like court costs, bail bonds and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these limits are identical to your policy’s liability coverage.

Collision protection

This will pay to fix damage to your XC70 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like sustaining damage from a pot hole, scraping a guard rail and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses for things like EMT expenses, rehabilitation expenses, doctor visits, nursing services and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, a broken windshield, damage from getting keyed, hail damage and vandalism. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Final thoughts

When you buy insurance online, don’t be tempted to skimp on coverage in order to save money. Too many times, someone sacrificed collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Cost effective 2010 Volvo XC70 insurance is possible from both online companies as well as from independent agents, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who don’t offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

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