1998 Volvo C70 Car Insurance Cost

Want lower car insurance rates for your Volvo C70? Did you fall for a flashy sales pitch and buy high-priced car insurance? Believe me when I say you’re not alone. Numerous car insurance companies battle for your business, so it’s not easy to compare every company to find the absolute lowest cost out there.

You should take the time to compare rates occasionally because rates are variable and change quite frequently. Even if you got the best price for C70 coverage two years ago you can probably find a lower rate today. Ignore everything you know about car insurance because you’re about to find out the best methods to buy cheaper car insurance.

Volvo C70 rates are complex

An important part of buying insurance is that you know some of the elements that go into determining your insurance coverage rates. Understanding what impacts premium levels empowers consumers to make smart changes that could result in big savings.

Listed below are a few of the “ingredients” used by your company to calculate premiums.

  • More miles equals more premium – The more miles you rack up on your Volvo every year the higher your rates will be. Most insurance companies rate vehicles determined by how the vehicle is used. Autos used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. Improper usage on your C70 can result in significantly higher rates. Double check that your insurance coverage policy properly reflects how each vehicle is driven, because it can save money.
  • Teen drivers pay high rates – Older insureds are more responsible, tend to file fewer claims and receive fewer citations. Teen drivers are statistically proven to be more careless when behind the wheel therefore insurance coverage rates are much higher.
  • Do you qualify for a multi-policy discount? – Most insurance coverage companies will give a discount to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even with this discount, you may still want to compare other company rates to verify if the discount is saving money.
  • You might want pay the small claims yourself – If you frequently file small claims, you can look forward to either a policy non-renewal or much higher rates. Insurance companies generally give discounts to drivers who file claims infrequently. Auto insurance is meant to be used in the event of larger claims.
  • Choose a safe vehicle and save – Vehicles with high crash test scores are cheaper to insure. These vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If your Volvo is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Car features impact rates – Purchasing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your car from being stolen.
  • Discounts for married couples – Having a spouse actually saves money on your insurance coverage policy. Having a significant other is viewed as being more responsible and statistics show married couples file fewer claims.

Save money by taking advantage of these discounts

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Some trigger automatically at the time of quoting, but a few need to be asked about prior to receiving the credit. If you don’t get every credit possible, you are paying more than you should be.

  • Driver Safety – Taking part in a course in driver safety could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Auto/Home Discount – When you combine your home and auto insurance with one company you will save up to 20% off your total premium.
  • Drive Less and Save – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Employee of Federal Government – Simply working for the federal government could cut as much as 10% off for C70 coverage with certain companies.
  • New Vehicle Savings – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Homeowners Savings – Simply owning a home can help you save on auto insurance because owning a home is proof that your finances are in order.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Accident Waiver – Certain companies permit an accident before raising your premiums if your claims history is clear for a certain period of time.
  • College Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.

It’s important to understand that many deductions do not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So when it seems like all those discounts means the company will pay you, companies don’t profit that way. But all discounts will cut your overall premium however.

Companies that may have these benefits may include but are not limited to:

It’s a good idea to ask each company how you can save money. All car insurance discounts may not apply in your area.

Don’t listen to company ads

Consumers constantly see and hear ads for the lowest price auto insurance from the likes of Allstate, GEICO and Progressive. All the ads make the same claim about savings if you switch your coverage to them.

How can each company claim to save you money? It’s all in the numbers.

All the different companies have a certain “appetite” for the type of customer that makes them money. For example, a desirable insured could possibly be over the age of 50, a clean driving record, and drives less than 7,500 miles a year. A driver who matches those parameters gets the lowest rates and as a result will probably cut their rates substantially.

Potential insureds who don’t meet the “perfect” profile must pay higher premiums which usually ends up with business going elsewhere. The ads say “people who switch” not “people who quote” save that much money. That’s why companies can truthfully state the savings.

This illustrates why you need to quote coverage with many companies. It is impossible to predict which insurance company will fit your personal profile best.

When should I use an insurance agent?

When buying the right insurance coverage for your personal vehicles, there is no single plan that fits everyone. Each situation is unique and your policy should reflect that. For example, these questions could help you determine whether you would benefit from professional advice.

  • Do I need rental car coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Will I lose any money if I cancel my policy before it expires?
  • Is upholstery damage covered by car insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Should I have a commercial auto policy?
  • Does my 1998 Volvo C70 qualify for pleasure use?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Insurance coverage considerations

Understanding the coverages of your policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as ambulance fees, pain medications, prosthetic devices, X-ray expenses and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, sideswiping another vehicle, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a deer, a broken windshield and falling objects. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Volvo C70.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability coverage

This can cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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. As an example, you may have liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like legal defense fees, medical services, medical expenses, court costs and emergency aid. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

In conclusion

Budget-conscious 1998 Volvo C70 insurance can be bought from both online companies and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies do not offer the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

We just showed you a lot of ways to save on insurance. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best price on insurance is with an unexpected company. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Allstate and Progressive.

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