2015 Volvo V60 Insurance Rates – 9 Savings Tips

Looking for lower insurance rates for your Volvo V60? Have you fallen victim to overpriced insurance? Believe me, many consumers feel financially strained by their insurance policy.

With consumers having so many choices, it’s nearly impossible to find the cheapest provider.

It’s a good habit to compare prices yearly because insurance rates tend to go up over time. Even if you think you had the best rates for V60 insurance last year there is a good chance you can find better rates now. Starting now, forget anything you know (or think you know) about insurance because it’s time to teach you how to use the internet to lower your annual insurance bill.

Low Cost Car Insurance

There are a variety of methods to compare 2015 Volvo V60 car insurance prices and some are easier and takes less work. You can waste a lot of time talking about coverages with insurance companies in your area, or you can utilize the web to get rates in a matter of minutes.

Most car insurance companies participate in a marketplace where prospective buyers only type in their quote data once, and at least one company can give them a price determined by their information. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To find out how much you’re overpaying now click here (opens in new window).

The single downside to using this type of form is that you can’t choose the companies you want pricing from. If you would rather choose individual companies for rate comparison, we have a listing of companies who write car insurance in your area. Click here for list of insurance companies.

Which method you use is up to you, but ensure you’re using the exact same deductibles and coverage limits with each company. If your comparisons have different limits and deductibles on each one it will be very difficult to find the best deal for your Volvo V60. Having just a slight variation in limits may result in large price differences. And when comparing car insurance rates, know that getting more free quotes helps locate better pricing.

Companies offer discounts so take them!

Car insurance companies don’t always advertise all their discounts very clearly, so here is a list both well-publicized and the harder-to-find discounts you could be receiving.

  • Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
  • Distant Student – Any of your kids living away from home attending college without a vehicle on campus may be able to be covered for less.
  • Early Signing – Some companies give discounts for signing up prior to your current policy expiring. This can save 10% or more.
  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Claim Free – Claim-free drivers can earn big discounts as compared to accident-prone drivers.
  • Auto/Home Discount – If you have multiple policies with the same company you may save up to 20% off your total premium.
  • Save with a New Car – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • No Charge for an Accident – A handful of insurance companies will allow you to have one accident without raising rates if you are claim-free for a certain period of time.
  • Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last up to age 25.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you could get a free auto insurance policy, it just doesn’t work that way.

To see a list of companies offering auto insurance discounts, click here to view.

Do I just need basic coverages?

When it comes to buying the right insurance coverage, there isn’t really a single plan that fits everyone. Every insured’s situation is different and your policy should reflect that. For instance, these questions may help highlight whether you might need an agent’s assistance.

  • How do I buy GAP insurance?
  • Where can I get insurance after a DUI in my state?
  • Do I need an umbrella policy?
  • Should I buy only the required minimum liability coverage?
  • Am I covered when using my vehicle for business?
  • Should I bundle my homeowners policy with my auto?
  • Can I rate high risk drivers on liability-only vehicles?
  • When should I drop full coverage on my 2015 Volvo V60?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I pay less for low miles?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Coverage specifics

Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Volvo V60.

Because many people only purchase the least amount of liability that is required, 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.

Collision protection

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like crashing into a building, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, a tree branch falling on your vehicle, vandalism and hail damage. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for bills for things like chiropractic care, EMT expenses, dental work and X-ray expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Liability insurance

Liability insurance provides protection from damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for claims like attorney fees, medical expenses, medical services, repair costs for stationary objects and court costs. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Have money to burn

Throughout this article, we presented some good ideas how you can lower your 2015 Volvo V60 insurance rates. The key concept to understand is the more you quote, the better likelihood of reducing your rate. Consumers may even find the best prices are with the least-expected company. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, Geico and Nationwide.

The cheapest insurance can be bought on the web as well as from independent agents, and you need to comparison shop both to have the best rate selection. A few companies don’t offer online price quotes and most of the time these small, regional companies sell through independent agents.

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