2014 Volvo XC70 Car Insurance Quotes

Trying to find better insurance rates for your Volvo XC70? Having to pay for overpriced insurance can dwindle your checking account and put a big crunch on your finances. Comparing price quotes is free and is an excellent way to help make ends meet. Numerous auto insurance companies battle for your hard-earned dollar, and it can be difficult to compare rates and get the best coverage at the lowest price

These discounts can slash insurance rates

Auto insurance companies do not list every available discount very well, so we took the time to find some of the more common and the more hidden ways to save on insurance. If you don’t get every credit available, you are paying more than you should be.

  • Defensive Driving Course – Completing a defensive driving course can save you 5% or more if your company offers it.
  • Drive Less and Save – Keeping the miles down on your Volvo could be rewarded with better rates on cars that stay parked.
  • One Accident Forgiven – Some insurance companies will forgive one accident before raising your premiums if your claims history is clear for a set time period.
  • Life Insurance – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
  • Student in College – Children who live away from home and do not have a car may qualify for this discount.
  • No Claims – Drivers who don’t have accidents can earn big discounts when compared with accident-prone drivers.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
  • Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way.

Companies that possibly offer these benefits are:

Before buying, ask every prospective company what discounts are available to you. Savings may not be available everywhere.

Volvo XC70 rate determination is complex

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for car insurance. Knowing what influences your rates allows you to make educated decisions that could result in better car insurance rates.

  • Adjust deductibles and save – Physical damage insurance, also known as collision and other-than-collision, protects your Volvo from damage. Some instances where coverage would apply could be colliding with a building, collision with an animal, and rolling your vehicle. The deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The more you are required to pay out-of-pocket, the lower your rates will be for XC70 coverage.
  • Don’t let your coverage lapse – Allowing your coverage to lapse is a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a license revocation or jail time.You may then be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Multi-policy discounts can save money – Many insurance companies will award you with lower prices to people who have multiple policies with them. It’s known as a multi-policy discount. This can amount to 10 percent or more. Even if you’re getting this discount it’s in your best interest to comparison shop to verify if the discount is saving money.
  • Younger drivers pay higher rates – Teenage drivers have a tendency to be more careless when behind the wheel so car insurance rates are higher. Older insureds are viewed as being more responsible, tend to cause fewer accidents and are safer drivers.

When might I need the advice of an agent?

When it comes to buying coverage, there really is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions might help in determining if your situation would benefit from professional advice.

  • Am I covered when using my vehicle for business?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is a fancy paint job covered?
  • Why is insurance for a teen driver so high?
  • What if I don’t agree with a claim settlement offer?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Is there deception in advertising?

Drivers constantly see and hear ads that promise big savings from companies such as Allstate, Geico and Progressive. All the companies make an identical promise of big savings if you change your policy.

But how can every company say the same thing?

All companies have a preferred profile for the type of driver that earns them a profit. A good example of a profitable customer might be between the ages of 40 and 55, has no tickets, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” will get very good rates and most likely will save quite a bit of money when switching.

Drivers who do not match these standards must pay higher premiums which usually ends up with the driver buying from a lower-cost company. The ads state “customers who switch” not “everyone that quotes” save money. That’s the way insurance companies can make those claims. This illustrates why you should quote coverage with many companies. It’s just too difficult to predict which company will have the lowest Volvo XC70 insurance rates.

Insurance coverages and their meanings

Understanding the coverages of a insurance policy helps when choosing the best coverages for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages found on the average insurance policy.

Insurance for medical payments – Med pay and PIP coverage provide coverage for bills for ambulance fees, surgery and doctor visits. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Collision – Collision coverage covers damage to your XC70 from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with a tree, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Volvo XC70.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like theft, a broken windshield, fire damage and rock chips in glass. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability – This coverage will cover damages or injuries you inflict on a person or their property in an accident. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as court costs, emergency aid, pain and suffering and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Make an honest buck

We just presented a lot of tips how to shop for 2014 Volvo XC70 insurance online. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with a lesser-known regional company. These companies may cover specific market segments cheaper than their larger competitors like Geico and State Farm.

When buying insurance coverage, it’s very important that you do not buy poor coverage just to save money. There have been many cases where an insured cut physical damage coverage only to regret at claim time that it was a big mistake. The proper strategy is to buy a smart amount of coverage for the lowest price while still protecting your assets.

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