Cheap 2011 Volvo S80 Insurance Rates

Searching for better auto insurance rates for your Volvo S80? Paying for high-priced Volvo S80 insurance can take a big chunk out of your checking account, especially in this economy. Comparison shopping is a smart way to lower your monthly bill. Lots of car insurance companies contend to insure your vehicles, and it can be difficult to compare rates to find the absolute lowest price

It’s smart to compare rates quite often because rates tend to go up over time. Just because you found the best price on S80 insurance a couple years back you may be paying too much now. You’ll find quite a bit of inaccurate information about auto insurance on the web, but with this article, you’re going to get some great ways to put money back in your pocket.

If you have a policy now or are looking for a new policy, you can use this information to find better prices while maximizing coverage. Finding affordable coverage is easy if you know what you’re doing. Drivers just need to learn how to compare company rates online.

Do you qualify for discounts?

Auto insurance companies don’t list every discount in a way that’s easy to find, so we break down both well-publicized and the harder-to-find savings tricks you should be using. If you aren’t receiving every discount possible, you are throwing money away.

  • No Claims – Drivers with accident-free driving histories can earn big discounts as compared to drivers who are more careless.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Low Mileage Discounts – Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • Resident Student – Kids in college who live away from home and do not have access to a covered vehicle can receive lower rates.
  • Homeowners Savings – Simply owning a home can save you money because owning a home shows financial diligence.

As a disclaimer on discounts, many deductions do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, insurance companies aren’t that generous.

Insurance companies that possibly offer these benefits include:

It’s a good idea to ask every prospective company how you can save money. Savings might not apply everywhere.

Comprehensive Auto Insurance Comparison

Getting a cheaper price on 2011 Volvo S80 insurance is actually quite simple. You just need to take a few minutes to get quotes online with multiple companies. This can be done using a couple different methods.

The single most time-saving way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This form saves time by eliminating separate quotation requests for each company you want a rate for. Completing one form will get you rate comparisons instantly.

A less efficient way to obtain and compare quotes online requires a visit to the website for every company you want to comare to complete a price quote. For examples sake, we’ll assume you want comparison quotes from Geico, State Farm and Liberty Mutual. You would have to visit each site and enter your information, which is why most consumers use the first method.

For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but double check that you are using the exact same deductibles and coverage limits for each comparison quote. If each company quotes differing limits it’s not possible to make an equal comparison.

Why your Volvo S80 insurance rates may be high

Consumers need to have an understanding of some of the elements that come into play when calculating your insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that could result in lower insurance prices.

The list below includes some of the factors used by your company to calculate premiums.

  • How’s your driving record? – Whether or not you get tickets has a huge affect on how much you pay. Drivers with clean records have lower premiums than bad drivers. Even a single citation may increase your cost forty percent or more. Drivers with serious tickets such as hit and run, DWI or reckless driving convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
  • Add-on coverages can add up – There are quite a few additional coverages you can purchase when buying insurance. Things like roadside assistance, better glass coverage and additional equipment coverage are examples of these. They may seem good when talking to your agent, but now you might not need them so remove them from your policy.
  • Drive a safer car and pay less – Vehicles with good safety scores get lower rates. Safer cars have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If your Volvo S80 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Marriage brings a discount – Having a wife or husband helps lower the price on your policy. It translates into being more mature and responsible and statistics show married drivers get in fewer accidents.
  • Liability coverage protects you – The liability section of your policy will protect you if ever a jury decides you are liable for causing damage or personal injury in an accident. Liability provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.
  • Low deductibles can be expensive – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Volvo from damage. Some examples of claims that would be covered would be running into the backend of another car, damage from fire, and windstorm damage. Physical damage deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more expense the insured has to pay upfront, the bigger discount you will receive on S80 insurance.
  • Always keep insurance in force – Letting your insurance expire is a quick way to increase your insurance rates. And not only will insurance be more expensive, but being ticketed for driving with no insurance might get you a hefty fine and possibly a revoked license.
  • Mature drivers pay less – More mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers. Teen drivers tend to be more careless when driving and because of this, their insurance rates are much higher.

Don’t assume everyone needs the same coverage

When it comes to choosing adequate coverage, there really is no one size fits all plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that could help you determine whether or not you might need professional guidance.

  • Is pleasure use cheaper than using my 2011 Volvo S80 to commute?
  • When would I need rental car insurance?
  • How many claims can I have before being cancelled?
  • Is my custom paint covered by insurance?
  • Do I have newly-aquired coverage?
  • Is my teenager covered with friends in the car?
  • How can I get high-risk coverage after a DUI?
  • Can I afford low physical damage deductibles?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to 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 insurance coverage companies in your area. It only takes a few minutes and may give you better protection.

Don’t listen to company ads

Consumers can’t ignore all the ads for car insurance savings from companies such as Geico, State Farm and Progressive. They all seem to say the same thing that you’ll save big if you move your policy.

But how can every company make the same claim? This is how they do it.

All the different companies can use profiling for the right customer that is profitable for them. For instance, a driver they prefer might be profiled as over the age of 40, has no prior claims, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save quite a bit of money when switching.

Consumers who don’t meet the requirements must pay higher premiums which usually ends up with business going elsewhere. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much money. That is how insurance companies can advertise the way they do. This illustrates why it is so important to compare as many rates as you can. It’s just too difficult to predict which auto insurance company will provide you with the cheapest Volvo S80 insurance rates.

Insurance coverages and their meanings

Knowing the specifics of insurance helps when choosing appropriate coverage for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by insurance companies.

Liability car insurance – This will cover damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you against claims from other people. Liability doesn’t 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. As an example, you may have liability limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things such as loss of income, structural damage, pain and suffering, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverage – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, fire damage, damage from flooding and hitting a deer. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage – This coverage covers damage to your S80 from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like colliding with another moving vehicle, crashing into a building, backing into a parked car, crashing into a ditch and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Volvo S80.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for bills for things like nursing services, X-ray expenses, ambulance fees and prosthetic devices. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

A fool and his money are soon parted

Discount 2011 Volvo S80 insurance can be purchased online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers may not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

As you restructure your insurance plan, you should never buy poor coverage just to save money. There are a lot of situations where someone sacrificed uninsured motorist or liability limits and learned later that it was a big error on their part. The ultimate goal is to find the BEST coverage at an affordable rate.

Much more information about car insurance can be found on the following sites: