2006 Volvo V50 Insurance Quotes

Want lower auto insurance rates for your Volvo V50? Are you a victim of high-priced auto insurance? Believe me, there are many people just like you.

Because there are so many online and local companies to choose from, it can be challenging to choose the most cost effective company.

It’s a great practice to check auto insurance prices periodically because insurance rates change quite often. Just because you found the lowest rates on V50 insurance a couple years back there is a good chance you can find better rates now. Starting now, forget anything you know (or think you know) about auto insurance because you’re going to learn the fastest way to find lower rates on auto insurance.

Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. But consumers must comprehend how big insurance companies market on the web.

Cut prices on 2006 Volvo V50 insurance

Companies that sell car insurance do not list every discount very clearly, so here is a list some of the best known and also the lesser-known ways to save on insurance coverage.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Defensive Driving Course – Completing a course in driver safety could save 5% or more if you qualify.
  • Low Mileage Discounts – Driving fewer miles could be rewarded with better rates on cars that stay parked.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you may save approximately 10% to 15%.
  • No Charge for an Accident – A handful of insurance companies permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.

A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Some only reduce specific coverage prices like liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, companies wouldn’t make money that way.

A partial list of companies that may have some of the above discounts include:

Double check with each insurance company how you can save money. All car insurance discounts might not apply in your state.

Auto Insurance Comparison Rates

When shopping for auto insurance there are multiple ways to compare rate quotes from local auto insurance companies. The best way to find the cheapest 2006 Volvo V50 insurance rates is to perform an online rate comparison. This is very easy and can be done in just a few minutes using one of these methods.

  1. The easiest and least time consuming way to find low rates is a comparison rater form (click to open form in new window). This method saves time by eliminating separate quote forms for each company. Just one form will return quotes from all major companies.
  2. A slightly less efficient method to get quotes online requires a visit to each individual company website and fill out their own quote form. For examples sake, we’ll pretend you want to compare USAA, GEICO and Progressive. You would have to go to every website to enter your coverage information, which is why most consumers use the first method.

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

It’s your choice how you get your quotes, but compare apples-to-apples coverages with every price quote. If you are comparing differing limits it will be impossible to truly determine the lowest rate. Slightly different limits may result in a large different in cost. And when comparison shopping, obtaining a wide range of quotes will improve the odds of getting better pricing.

Volvo V50 insurance rates are influenced by…

An important part of buying insurance is that you know the factors that come into play when calculating your auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that can help you get better auto insurance rates.

The list below includes some of the items auto insurance companies consider when setting your rates.

  • Theft deterrents lower rates – Purchasing a vehicle with an alarm system can save you a little every year. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Lower rates come with age – Older drivers tend to be more responsible, file fewer claims and tend to be better behind the wheel. Teen drivers have a tendency to be careless and easily distracted behind the wheel and because of this, their auto insurance rates are much higher.
  • Battle of the sexes – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Both sexes are in accidents in similar percentages, but men tend to have more serious accidents. Men also receive more costly citations such as DWI and reckless driving.
  • Your auto insurance rates can be influenced by your job – Did you know your auto insurance rates can be affected by your occupation? Careers like lawyers, architects and dentists have the highest average rates due to high stress levels and lots of time spent at work. Other occupations such as actors, historians and performers get better rates on V50 insurance.
  • Discounts for multiple policies – Most auto insurance companies will give a discount to insureds who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other company rates to ensure the best deal. You may still be able to find better rates by buying auto insurance from a different company.
  • Better credit means lower rates – Your credit score is a important factor in determining your rates. So if your credit is lower than you’d like, you could save money insuring your 2006 Volvo V50 by repairing your credit. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with poor credit.
  • Being married is a good thing – Having a spouse can get you a discount when buying auto insurance. Having a significant other usually means you are more responsible and it’s statistically proven that married drivers get in fewer accidents.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. For instance, these questions may help you determine if your insurance needs would benefit from professional advice.

  • Should I bundle my homeowners policy with my auto?
  • Why do I need rental car insurance?
  • Should I put collision coverage on all my vehicles?
  • What is high-risk coverage and where do I buy it?
  • Am I covered if I hit a deer?
  • Should I buy full coverage?
  • Does my policy cover my teen driver if they drive my company car?

If you’re not sure about those questions, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area.

Auto insurance 101

Learning about specific coverages of a auto insurance policy can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average auto insurance policy.

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as hitting a mailbox, colliding with another moving vehicle, damaging your car on a curb and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as funeral costs, EMT expenses, pain medications, X-ray expenses and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2006 Volvo V50.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive auto insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from flooding, hail damage, damage from getting keyed and fire damage. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability insurance

This will cover damages or injuries you inflict on other people or property in an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things such as attorney fees, pain and suffering, loss of income, emergency aid and bail bonds. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

What is YOUR best insurance company?

When you buy insurance online, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where an accident victim reduced physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage for the lowest price.

Lower-priced 2006 Volvo V50 insurance can be purchased both online and with local insurance agents, and you need to price shop both to get a complete price analysis. Some insurance providers do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.

More information can be found at the links below