Cheaper 2012 Volvo S60 Car Insurance Cost

Feel like you’re a prisoner to an overpriced insurance policy? Believe me when I say you’re not the only one. Many insurance companies compete for your business, and because of this it can be hard to compare insurers and uncover the absolute lowest price

You need to shop coverage around occasionally because prices trend upward over time. If you had the best price on S60 coverage last year there may be better deals available now. You can find a lot of wrong information about insurance on the web, but I’m going to show you the best ways to reduce your insurance bill.

How to Compare Insurance Coverage Rates

All major insurance coverage companies like Allstate and Progressive allow you to get insurance quotes on the web. This process is quite simple as you simply enter your coverage preferences into a form. After you complete the form, their system sends out for reports for credit and driving violations and gives you a price quote based on these and other factors. Online price quotes streamlines rate comparisons, but the time required to go to each company’s website and repetitively complete many quote forms can get tiresome after awhile. But it is imperative to have as many quotes as possible if you want to find the lowest insurance coverage rates.

The better way to compare rates

The easiest way to compare insurance coverage pricing makes use of a single form to get prices from more than one company. It’s a real time-saver, requires much less work on your part, and makes rate comparisons much more efficient. As soon as you send your information, it gets priced with multiple companies and you can pick your choice of the price quotes you receive. If you find a better price it’s easy to complete the application and buy the policy. This process takes less than 15 minutes and can result in significant savings.

To quickly get comparison pricing now, click here and complete the simple form. To compare your current rates, we recommend you copy the limits and deductibles exactly as shown on your declarations page. Doing this assures you will get a fair comparison for exact coverage.

Save with discounts on Volvo S60 insurance

Auto insurance companies don’t necessarily list every available discount very clearly, so the following is a list of some of the best known and the more hidden car insurance savings. If you’re not getting every credit you deserve, you are throwing money away.

  • Student in College – Youth drivers who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Bundle and Save – If you insure your home and vehicles with one insurance company you may save 10% to 20% off each policy.
  • Discount for New Cars – Insuring a new car can save up to 30% compared to insuring an older model.
  • Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you can actually save on your bill.
  • Good Student – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Low Mileage – Fewer annual miles on your Volvo can earn lower rates on the low mileage vehicles.
  • Club Memberships – Participating in certain professional organizations may earn a discount when shopping for car insurance on S60 coverage.
  • Early Switch Discount – Some companies give discounts for signing up prior to your current policy expiring. It’s a savings of about 10%.

It’s important to note that many deductions do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way.

To see a list of providers with discount car insurance rates, click here.

Impacting insurance rates for a Volvo S60

Consumers need to have an understanding of the rating factors that go into determining your auto insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that could result in lower auto insurance prices.

  • Extra add-on coverages are wasting money – There are many additional coverages that you can get tricked into buying when buying auto insurance. Coverages for personal injury protection, accidental death and additional equipment coverage are some examples. They may seem good at first, but now you might not need them so eliminate them to save money.
  • Liability coverage is peace of mind – Liability insurance is the protection if you are found liable for personal injury or accident damage. It provides legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not skimp.
  • Pleasure use or commuting – The higher the mileage driven in a year the more you will pay for auto insurance. The majority of insurers charge to insure your cars based on how the vehicle is used. Autos not used for work or commuting qualify for better rates than those used for commuting. Having the wrong rating on your S60 may be costing you. Ask your agent if your auto insurance declarations sheet is rated on the correct usage for each vehicle.
  • Do you have a high stress job? – Did you know your auto insurance rates can be affected by your occupation? Occupations like judges, business owners and financial analysts tend to have higher average rates due to job stress and long work days. Conversely, occupations such as scientists, engineers and performers receive lower rates on S60 coverage.
  • Poor credit can mean higher rates – A driver’s credit score is a huge factor in determining your rates. So if your credit rating is lower than you’d like, you could potentially save money when insuring your 2012 Volvo S60 by spending a little time repairing your credit. Drivers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with poor credit.
  • Battle of the sexes – Statistics show that women are safer drivers than men. However, this does not mean women are better drivers. Men and women tend to get into accidents at about the same rate, but men have costlier accidents. Men also have more aggressive citations such as reckless driving. Young males are the most expensive to insure and therefore are the most expensive to insure.
  • Higher deductibles cost less – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Volvo. Examples of covered claims could be running into the backend of another car, collision with an animal, and burglary. Physical damage deductibles are how much you are willing to pay if you file a covered claim. The more you’re willing to pay, the less your auto insurance will be on S60 coverage.

Tailor your coverage to you

When choosing coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether or not you might need an agent’s assistance.

  • Is other people’s property covered if stolen from my vehicle?
  • Do I have coverage when making deliveries for my home business?
  • Am I covered by my spouse’s policy after a separation?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is my custom paint covered by insurance?
  • Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverage breakdown

Knowing the specifics of your policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages available from auto insurance companies.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for bills for things like rehabilitation expenses, hospital visits and prosthetic devices. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from flooding, fire damage, falling objects and rock chips in glass. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision – This coverage will pay to fix damage to your S60 from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like hitting a parking meter, damaging your car on a curb, colliding with a tree and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Volvo S60.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Liability coverages – This coverage protects you from damages or injuries you inflict on other’s property or people by causing an accident. It protects you against claims from other people, and does not provide coverage for 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 values of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as repair costs for stationary objects, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Be a penny pincher

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. There have been many cases where an accident victim reduced liability limits or collision coverage only to find out that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

We just presented many tips how you can lower your 2012 Volvo S60 insurance rates. The key thing to remember is the more you quote, the better your comparison will be. You may be surprised to find that the biggest savings come from a small local company. Regional companies may cover specific market segments cheaper than their larger competitors like Progressive and Geico.

Cost effective insurance is attainable online as well as from independent agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who don’t offer online quoting and usually these smaller companies provide coverage only through local independent agents.

For more information, link through to the articles below: