Cheap 2011 Volvo V50 Insurance Quotes

Want cheaper insurance coverage rates for your Volvo V50? Using the web to shop for insurance coverage can seem complicated if you have never used online price comparisons. Don’t let that stop you because online price shopping is actually quite simple.

Parts of the Volvo V50 rate equation

An important part of buying insurance is that you know the factors that play a part in calculating insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that could result in much lower annual insurance costs.

Shown below are a few of the “ingredients” insurance companies consider when setting premiums.

  • Are you male or female? – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Both sexes cause accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to have more aggressive citations such as reckless driving. Male drivers age 16 to 19 are the most expensive to insure and are penalized with high insurance rates.
  • Marriage pays dividends – Being married can actually save you money on your policy. It translates into being more mature it has been statistically shown that drivers who are married are more cautious.
  • How credit affects insurance rates – A driver’s credit score is a large factor in determining what you pay for insurance. Drivers with good credit tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. Therefore, if your credit score is low, you could save money insuring your 2011 Volvo V50 by improving your rating.
  • Car features impact rates – Driving a car that has an advanced theft prevention system can get you a discount on your insurance. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
  • Safer cars cost less to insure – Vehicles with good safety scores get lower rates. Safer cars reduce injuries and better occupant protection means lower claim amounts and lower rates for you. If your Volvo V50 scored better than four stars on Safercar.gov you may qualify for a discount.
  • Don’t buy coverages you don’t need – There are quite a few additional coverages that you can get tricked into buying on your insurance policy. Insurance for rental car reimbursement, accidental death and membership fees may be costing you every month. These may sound like a good investment when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Teen drivers pay high rates – Youthful drivers are statistically proven to get distracted easily behind the wheel so insurance rates are higher. Parents adding a teen driver onto a policy can break the bank. Older drivers are more responsible, tend to file fewer claims and are safer drivers.
  • Protect yourself with liability coverage – Your policy’s liability coverage provides coverage when you are found to be at fault for causing damage or personal injury in an accident. Liability provides you with a defense in court starting from day one. Liability insurance is quite affordable as compared to coverage for physical damage, so do not cut corners here.

Discounts are available to cut your rates

Companies don’t necessarily list all available discounts in an easy-to-find place, so we researched both the well known as well as the least known discounts you could be receiving.

  • Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
  • Homeowners Discount – Owning a house may earn you a small savings because maintaining a house requires personal responsibility.
  • Good Students Pay Less – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Military Discounts – Being deployed with a military unit may qualify for rate reductions.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
  • Auto/Home Discount – When you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Accident Waiver – A handful of insurance companies allow you one accident before your rates go up if your claims history is clear for a set time period.
  • Multiple Cars – Buying coverage for all your vehicles with the same company qualifies for this discount.

It’s important to note that some credits don’t apply to the overall cost of the policy. A few only apply to individual premiums such as medical payments or collision. So when the math indicates all the discounts add up to a free policy, it just doesn’t work that way.

To see a list of insurance companies with discount insurance coverage rates, click here to view.

Everyone needs different coverages

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Every situation is different.

These are some specific questions might point out whether or not you would benefit from professional advice.

  • Which is better, split liability limits or combined limits?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do all my vehicles need collision coverage?
  • What is the minimum liability in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Should I sign the liability waiver when renting a car?
  • Is my ex-spouse still covered by my policy?
  • How high should deductibles be on a 2011 Volvo V50?
  • What happens if I owe more than my 2011 Volvo V50 is worth?
  • Is there coverage for injuries to my pets?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Specific coverage details

Understanding the coverages of your policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive car insurance – This covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hail damage, hitting a bird, a tree branch falling on your vehicle and theft. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto liability – Liability insurance will cover damages or injuries you inflict on other people or property. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers things such as emergency aid, funeral expenses and medical services. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for expenses like EMT expenses, funeral costs and chiropractic care. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a mailbox, rolling your car and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers – This coverage provides protection 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 V50.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Power to the consumer

We’ve covered a lot of ways to shop for 2011 Volvo V50 insurance online. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the biggest savings come from a small mutual company.

Drivers change insurance companies for a number of reasons such as extreme rates for teen drivers, delays in responding to claim requests, high prices or even unfair underwriting practices. Regardless of your reason for switching companies, choosing a new insurance company is pretty easy and you might even save some money in the process.

As you prepare to switch companies, do not skimp on coverage in order to save money. In many cases, an insured cut collision coverage to discover at claim time they didn’t purchase enough coverage. The aim is to purchase plenty of coverage for the lowest price.

More articles