Vehicles > Volvo > 740

Volvo 740 Insurance Cost

You have lots of choices when finding cheaper insurance coverage on your Volvo vehicle. You can either buy through a local agent or get quotes online to check prices from insurance carriers. Buying auto insurance by getting online quotes saves time, is easy to do and at the same time you might just save a little.

Shopping online for auto insurance is challenging if you are a beginner to online rate quotes. But don't be discouraged because comparing prices is actually very simple. Finding cheaper coverage prices can be relatively painless. All you need to do is take the time to get quotes online from several insurance companies. This can be accomplished by completing this short form.

What factors determine the rate you pay?

Auto insurance rates on a Volvo 740 will vary greatly and are calculated by many factors. Taken into consideration are:

  • High performance increases premiums
  • Your accident history
  • Multiple policies can save money
  • Pleasure use vs. commuting use
  • Special coverage such as replacement cost
  • Claims drive up premiums
  • Having current coverage saves
  • Whether you rent or own your home

A final factor that helps determine Volvo 740 insurance cost is the model year. New vehicles cost more in comparison to later models so the costs to repair will push premiums up. On the flip side, more recent Volvo vehicles may have a trim level with safety features like traction control, adaptive headlights, and automatic crash notification so those may give discounted rates.

For you to have a better understanding of how much rates will be for your vehicle, select the year of your 740 from available model years below.

Liability

This will cover damages or injuries you inflict on people or other property in an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. It is cheap coverage so consider buying as much as you can afford.

Collision protection

Collision insurance will pay to fix damage to your Volvo resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage for your Volvo 740 can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It's also possible to bump up the deductible to get cheaper Volvo 740 insurance cost.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by your Volvo 740 comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

Uninsured or underinsured coverage

This protects you and your vehicle when other motorists are uninsured or don't have enough coverage. Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are used in conjunction with a health insurance plan or if you lack health insurance entirely. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are Volvo 740 Insurance Rates?