Compare 1991 Volvo 940 Insurance Cost

Searching for the cheapest auto insurance rates for your Volvo 940? Have you had enough of not being able to afford to insure your Volvo every month? You’re in the same situation as millions of other consumers.

Popular companies such as State Farm, Farmers Insurance, GEICO and Allstate persitently shower you with ad campaigns and consumers find it hard to separate fact from fiction and find the best price available.

It’s a good habit to take a look at other company’s rates at least once a year due to the fact that insurance rates are constantly changing. If you had the best rates on 940 coverage a couple years back a different company probably has better rates today. You can find a lot of misleading information regarding auto insurance on the web, but with this article, you’re going to get some proven techniques to slash your auto insurance rates.

Free Auto Insurance Quotes

When shopping for auto insurance there are multiple ways to compare rate quotes and find the best price. The quickest method to find competitive 1991 Volvo 940 insurance rates consists of shopping online. This is very easy and can be done using a couple different methods.

  1. The recommended way to get quotes for comparison is an all-inclusive rate comparison click here to open form in new window. This type of form keeps you from doing repetitive form submissions to each individual auto insurance company. Just one form gets you price quotes from many national carriers.
  2. A less efficient way to analyze rates is going to the website for every company you want to comare and request a quote. For sake of this example, we’ll pretend you want rates from USAA, Farmers and Liberty Mutual. You would have to spend time on each company’s site and enter your information, and that’s why the first method is more popular.

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

Whichever way you use, make absolute certain that you use exactly the same coverage limits for every company. If the quotes have different values for each quote it will be very difficult to determine which rate is truly the best. Quoting even small variations in coverages can result in a big premium difference. It’s important to know that obtaining a wide range of quotes will improve the odds of getting the best rates.

Factors that can influence Volvo 940 insurance rates

An important part of buying insurance is that you know the different types of things that play a part in calculating your insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that can help you get big savings.

Shown below are a partial list of the pieces companies use to determine your rates.

  • More miles equals more premium – Driving more miles in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies apply a rate based on their usage. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Ask your agent if your insurance coverage is showing the proper vehicle usage, because it can save money. Incorrect usage on your 940 can cost quite a bit.
  • Your location is important – Being located in small towns and rural areas is a positive aspect when talking about insurance. Drivers in populated areas have more traffic problems and a longer drive to work. Lower population translates into fewer accidents as well as less vandalism and auto theft.
  • Never allow your policy to lapse – Allowing your insurance policy to lapse is a quick way to increase your insurance rates. And not only will your rates increase, but being ticketed for driving with no insurance can result in a revoked license or a big fine.
  • Your spouse saves you money – Having a wife or husband can get you a discount on your insurance policy. Having a spouse means you’re more responsible it has been statistically shown that married drivers get in fewer accidents.

Cut your premium with discounts

Auto insurance companies don’t necessarily list all their discounts very clearly, so we researched some of the more common and also the lesser-known discounts you could be receiving.

  • Auto/Home Discount – When you have multiple policies with one insurance company you will save approximately 10% to 15%.
  • Low Mileage – Keeping the miles down on your Volvo can qualify you for better rates on cars that stay parked.
  • Multiple Cars – Having all your vehicles on one policy can get a discount on all vehicles.
  • Auto/Life Discount – Larger companies have better rates if you take out life insurance.
  • Student Driver Training – Cut your cost by having your teen driver complete a driver education course in school.

Drivers should understand that some of the credits will not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky.

Insurance companies that possibly offer these benefits include:

Check with each company what discounts are available to you. Discounts might not be offered in your state.

What is the best insurance coverage?

When buying the best insurance coverage coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions might help in determining whether or not you would benefit from an agent’s advice.

  • Do I have newly-aquired coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Am I covered if I drive in a foreign country?
  • Is my 1991 Volvo 940 covered for smoke damage?
  • Do all my vehicles need collision coverage?
  • Do I pay less for low miles?
  • I have a DUI can I still get coverage?
  • Can I afford to pay high deductible claims out of pocket?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

What insurance coverages do you need?

Learning about specific coverages of insurance helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage

This coverage covers damage to your 940 from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a building, scraping a guard rail and driving through your garage door. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Auto liability insurance

Liability insurance will cover damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for things like legal defense fees, funeral expenses and loss of income. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for short-term medical expenses for things like prosthetic devices, hospital visits, funeral costs, EMT expenses and pain medications. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive insurance

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, damage from flooding and theft. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

In any little way, save everyday

Low-cost 1991 Volvo 940 insurance can be found on the web as well as from independent agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

In this article, we presented some good ideas how you can compare insurance prices online. The key concept to understand is the more you quote, the better likelihood of reducing your rate. Consumers may even find the best price on car insurance is with a lesser-known regional company. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

While you’re price shopping online, do not buy less coverage just to save a little money. There are too many instances where drivers have reduced comprehensive coverage or liability limits and learned later that the savings was not a smart move. The aim is to purchase plenty of coverage at the best price while still protecting your assets.

Much more information about car insurance can be found at these links: