1997 Volvo 960 Insurance Cost – 5 Tips for Cheaper Prices

Looking for better car insurance rates for your Volvo 960? Overpriced Volvo 960 insurance can take a big chunk out of your checking account, especially in this economy. Doing a price comparison is a great way to tighten up your finances.

Numerous auto insurance companies battle for your hard-earned dollar, so it can be very hard to choose a insurance company to find the absolute best price available.

If you are paying for car insurance now, you will most likely be able to save some money using these techniques. Buying car insurance is quite easy. But car owners must learn the way companies price online insurance and take advantage of how the system works.

Comprehensive Insurance Comparison

There are several ways to compare rate quotes and find the best price. One of the best ways to find the cheapest 1997 Volvo 960 insurance rates involves getting comparison quotes online. This is very easy and can be done using a couple different methods.

  1. The recommended way to compare a lot of rates at once is a comparison rater form (click to open form in new window). This easy form prevents you from having to do multiple quote forms for each company. Taking the time to complete one form will get you rate comparisons from several companies.
  2. A less efficient way to obtain and compare quotes online is spending the time to visit each company website to complete their respective quote request forms. For instance, let’s assume you want comparison quotes from Progressive, 21st Century and Farmers. To get rate quotes you would need to go to every website to input your insurance information, which is why the first method is more popular. To view a list of companies in your area, click here.
  3. The least efficient method of getting rate comparisons is to spend your day driving to and from local insurance agencies. Shopping for insurance online makes this process obsolete unless you have a need for the professional guidance of a licensed agent. It is possible to obtain prices from the web but buy from a local insurance agent. We’ll cover that shortly.

Which method you use is up to you, but ensure you are comparing the exact same coverage information on every quote you get. If you enter differing limits you can’t possibly determine the lowest rate for your Volvo 960. Slightly different coverages can result in a big premium difference. Just keep in mind that having more price comparisons will improve the odds of getting better pricing.

Cut prices on 1997 Volvo 960 insurance

Insurance can cost an arm and a leg, but you can get discounts to reduce the price significantly. Some discounts apply automatically when you purchase, but lesser-known reductions have to be manually applied prior to receiving the credit.

  • Drive Less and Save – Keeping the miles down on your Volvo can qualify you for a substantially lower rate.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Safe Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% less for 960 coverage than drivers with accident claims.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will reduce your overall premium however.

For a list of providers who offer insurance discounts, follow this link.

Tailor your coverage to you

When choosing the best car insurance coverage, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions could help you determine if your situation would benefit from professional advice.

  • Does my personal policy cover me when driving out-of-state?
  • What is no-fault insurance?
  • Is my Volvo 960 covered if I use it for business?
  • Do I really need UM/UIM coverage?
  • Is pleasure use cheaper than using my 1997 Volvo 960 to commute?
  • Do I need motorclub coverage?
  • How can I get high-risk coverage after a DUI?
  • Should I waive the damage coverage when renting a car?
  • Should I rate my 1997 Volvo 960 as pleasure use or commute?
  • Who is covered when they drive my 1997 Volvo 960?

If you can’t answer these questions then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Can you really save $435 a year?

Insurance companies such as Progressive, Allstate and GEICO consistently run television and radio advertisements. They all seem to make the same claim that you can save if you change to their company. How does each company make almost identical claims?

All companies can use profiling for the driver they prefer to insure. For example, a driver they prefer might be profiled as between 30 and 50, owns a home, and drives less than 10,000 miles a year. Any driver who meets those qualifications is entitled to the best price and as a result will probably save when they switch companies.

Drivers who do not match the requirements must pay a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That’s the way insurance companies can make those claims.

This illustrates why you absolutely need to compare as many rates as you can. You cannot predict the company that will give you the biggest savings on Volvo 960 insurance.

Insurance coverages 101

Having a good grasp of insurance can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. These are typical coverage types found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.

Comprehensive insurance

This coverage 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 claims like falling objects, damage from a tornado or hurricane, rock chips in glass, theft and damage from getting keyed. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage

This coverage covers damage to your 960 resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a mailbox, damaging your car on a curb, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Liability car insurance

Liability coverage protects you from injuries or damage you cause to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as loss of income, structural damage, medical services and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like chiropractic care, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

A fool and his money are soon parted

We just covered a lot of ways to lower your 1997 Volvo 960 insurance rates. The key concept to understand is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may even find the best prices are with the smaller companies. Regional companies may often insure only within specific states and give getter rates compared to the large companies like GEICO and State Farm.

As you shop your coverage around, you should never skimp on coverage in order to save money. There are too many instances where an accident victim reduced collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

Much more information about insurance can be read at the links below