View 2002 Volvo V70 Car Insurance Quotes

Searching for lower insurance coverage rates for your Volvo V70? Have you fallen victim to high-priced insurance coverage? Believe me when I say you’re not the only one.

Lots of insurers contend for your business, so it can be very hard to choose a insurer to get the lowest price

If you have car insurance now, you will most likely be able to save some money using this information. Buying car insurance is not rocket science. Although consumers must know the way insurance companies determine prices and take advantage of how the system works.

The quickest method to compare insurance rates in your area is to know the fact all the major auto insurance companies actually pay money for the chance to give rate comparisons. The one thing you need to do is take a few minutes to give details like if you have an active license, any included safety features, your job, and distance driven. Your insurance information is submitted instantly to insurance companies and they return rate quotes almost instantly.

To compare multiple company rates now, click here and complete the quick form.

Pay less for 2002 Volvo V70 insurance

Auto insurance companies don’t always list every discount in a way that’s easy to find, so we researched both the well known and also the lesser-known savings tricks you should be using.

  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
  • Safety Course Discount – Completing a defensive driving course could save 5% or more and easily recoup the cost of the course.
  • One Accident Forgiven – Some insurance companies permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Government Employees – Being employed by or retired from a federal job may qualify you for a discount on V70 insurance depending on your company.
  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Fewer Miles Equal More Savings – Driving fewer miles could qualify for a substantially lower rate.

Drivers should understand that some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.

For a list of providers with the best insurance discounts, click this link.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different so your insurance needs to address that. For instance, these questions might point out whether you might need professional guidance.

  • Do I really need UM/UIM coverage?
  • Is my 2002 Volvo V70 covered for smoke damage?
  • Are split liability limits better than a combined single limit?
  • What are the best liability limits?
  • Does my car insurance cover rental cars?
  • When can I cancel my policy?
  • How many claims can I have before being cancelled?
  • Does liability extend to a camper or trailer?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Factors that can influence insurance rates for a Volvo V70

An important part of buying insurance is that you know the factors that help determine the price you pay for insurance. Knowing what influences your rates helps enable you to make changes that could result in big savings.

The following are a few of the “ingredients” that factor into premiums.

  • Clean credit earns discounts – A driver’s credit history is a big factor in calculating your insurance rates. Therefore, if your credit rating is not that good, you could pay less to insure your 2002 Volvo V70 by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • Higher deductibles cost less – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Volvo from damage. Some instances where coverage would apply are a windshield shattered by a rock, damage caused by hail, and burglary. Deductibles for physical damage are the amount of money you are willing to pay out-of-pocket if you file a covered claim. The more you are required to pay out-of-pocket, the bigger discount you will receive on V70 insurance.
  • How many coverages with the same company – Some insurance companies will give a discount to insureds who carry more than one policy. It’s known as a multi-policy discount. This can amount to 10 percent or more. Even with this discount, you still need to compare rates to ensure the best deal.
  • Protect your assets with liability insurance – Liability insurance provides coverage if ever a jury decides you are liable for damages caused by your negligence. Liability provides legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to physical damage coverage, so buy as much as you can afford.
  • Older drivers save more – Young drivers have a tendency to get distracted easily when driving so insurance rates are higher. If you’ve ever had to add a youthful driver to your policy can break the bank. More mature drivers are more responsible, tend to file fewer claims and get fewer tickets.
  • Where you live is a factor – Residing in small towns and rural areas is a positive aspect when it comes to insurance. Fewer people means a lower chance of having an accident. City drivers have to deal with more traffic problems and longer commute times. More time on the road can result in more accidents.
  • Extra coverages can waste money – There are quite a few extra bells and whistles that you can buy on your V70 policy. Coverages for vanishing deductibles, towing coverage and membership fees may be costing you every month. These may sound like a good investment at first, but your needs may have changed so eliminate them to save money.
  • Marriage pays dividends – Having a spouse actually saves money when buying insurance. Having a spouse is viewed as being more mature it has been statistically shown that drivers who are married are more cautious.

How can State Farm, Allstate and GEICO save drivers who switch?

Companies like State Farm, Allstate and GEICO consistently run television and radio advertisements. All the ads make the same claim of big savings if you change to their company. How can each company claim to save you money?

Different companies can use profiling for the driver they prefer to insure. For instance, a driver they prefer might be between 25 and 40, has no driving citations, and chooses high deductibles. Any new insured who fits that profile will get very good rates and most likely will save a lot of money.

Consumers who do not match these standards must pay a more expensive rate and this can result in the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can advertise the way they do. This illustrates why you should get a wide range of price quotes. Because you never know the company that will fit your personal profile best.

Insurance coverage specifics

Understanding the coverages of a insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most insurance policies.

Protection from uninsured/underinsured drivers

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Volvo V70.

Due to the fact that 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.

Liability coverage

Liability coverage will cover damage or injury you incur to other people or property. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like funeral expenses, loss of income, legal defense fees and court costs. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Coverage for collisions

This pays for damage to your V70 from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like rolling your car, colliding with a tree and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for bills such as funeral costs, nursing services, hospital visits, doctor visits and dental work. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision)

This covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hitting a bird, damage from a tornado or hurricane, vandalism, fire damage and a tree branch falling on your vehicle. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Better coverage you can count on

When shopping online for auto insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where someone dropped liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your goal should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

In this article, we presented a lot of ways to save on 2002 Volvo V70 insurance. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. Drivers may discover the best prices are with the least-expected company. Some small companies may only write in your state and offer lower rates than their larger competitors like Progressive and GEICO.

For more information, feel free to browse the articles below: