View 2003 Volvo S60 Insurance Quotes

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Jun 13, 2015

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Price shopping your car insurance is a challenge for people who are new to shopping for insurance online. Consumers have so many options that it can easily become a big hassle to find lower rates.

It’s smart to take a look at other company’s rates once or twice a year due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you had the best rates on S60 coverage last year there may be better deals available now. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to the only way to properly buy coverages while reducing your premium.

If you have car insurance now, you should be able to reduce your rates substantially using this strategy. The purpose of this post is to introduce you to the most effective way to quote insurance. Nevertheless, car owners can benefit by having an understanding of the way insurance companies determine prices because it can help you find the best coverage.

Some factors that can determine what Volvo S60 insurance costs

An important part of buying insurance is that you know some of the elements that go into determining insurance rates. Knowing what controls the rates you pay enables informed choices that can help you get lower insurance prices.

Listed below are some of the items insurance companies consider when setting your rates.

  • Rates may be higher depending on your occupation – Jobs such as doctors, architects and dentists have the highest average rates because of high stress and long work hours. Other occupations such as actors, historians and the unemployed get better rates on S60 coverage.
  • Mature drivers pay less – Older insureds tend to be more responsible, tend to cause fewer accidents and get fewer tickets. Teen drivers are statistically proven to be careless and easily distracted when behind the wheel and because of this, their insurance rates are much higher.
  • Drive a safer car and pay less – Cars with high safety ratings are cheaper to insure. Safer cars have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If your Volvo S60 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Rate your vehicle for proper use – The higher the mileage driven in a year the higher your rate. The majority of insurers charge to insure your cars based upon how you use the vehicle. Vehicles left parked in the garage receive lower rates compared to those used for work or business. Make sure your insurance declarations sheet is showing the correct usage for each vehicle, because improper ratings can cost you money. If your policy improperly rates your S60 can result in significantly higher rates.
  • Males pay more for insurance – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men are in accidents in similar percentages, but the men cause more damage. Men also statistically have more aggressive citations like reckless driving and DUI. Male drivers age 16 to 19 are several times more likely to be in an accident and thus pay the highest rates.
  • Clean credit earns discounts – A driver’s credit score is a huge factor in calculating your insurance rates. Drivers with good credit tend to file fewer claims and have better driving records than drivers with lower credit scores. So if your credit is low, you could be paying less to insure your 2003 Volvo S60 by spending a little time repairing your credit.
  • Don’t sacrifice liability coverage – Liability insurance is the coverage that protects you when a jury decides you are liable for damages from an accident. Liability provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so drivers should carry high limits.

Are you getting all your discounts?

Car insurance is not cheap, but companies offer discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you get a quote, but less common discounts must be inquired about before you will receive the discount.

  • Seat Belts Save – Drivers who require all occupants to use a seat belt can save 10% or more off your medical payments premium.
  • Low Mileage Discounts – Keeping the miles down on your Volvo can earn lower rates on the low mileage vehicles.
  • Multi-car Discount – Buying coverage for more than one vehicle with the same company could earn a price break for each car.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
  • Memberships – Being a member of a qualifying organization could trigger savings on your policy on S60 coverage.
  • Lower Rates for Military – Having a deployed family member could mean lower rates.
  • Claim Free – Good drivers with no accidents pay less when compared with frequent claim filers.

It’s important to note that most discounts do not apply to the overall cost of the policy. Most cut individual premiums such as comp or med pay. Just because it seems like you could get a free car insurance policy, you won’t be that lucky. But all discounts will cut your overall premium however.

Companies that may have some of the above discounts include:

Double check with each company which discounts they offer. All car insurance discounts might not apply everywhere.

Misconceptions in insurance advertisements

Insurance providers like Progressive, Allstate and GEICO continually stream ads on television and other media. They all say the same thing of big savings after switching your coverage to them. But how can every company make almost identical claims? This is how they do it.

Different companies can use profiling for the right customer that makes them money. A good example of a driver they prefer might be over the age of 40, is a homeowner, and has great credit. A customer that hits that “sweet spot” gets the lowest rates and as a result will probably save when switching.

Consumers who do not match these standards will be charged a more expensive rate which usually ends up with business not being written. The ads say “customers that switch” not “everyone that quotes” save that much. That is how companies can state the savings.

That is why it is so important to get as many quotes as possible. It’s just too difficult to predict which insurance companies will give you the biggest savings on Volvo S60 insurance.

Tailor your coverage to you

When it comes to buying the best insurance coverage coverage for your vehicles, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining if you might need professional guidance.

  • Am I covered if hit by an uninsured driver?
  • How much underlying liability do I need for an umbrella policy?
  • What if I total my 2003 Volvo S60 and owe more than it’s worth?
  • How can I get high-risk coverage after a DUI?
  • Do I need rental car coverage?
  • What vehicles should carry emergency assistance coverage?
  • What exactly is covered by my policy?
  • Do I have coverage when using my vehicle for my home business?

If you’re not sure about those questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form.

Insurance coverages and their meanings

Learning about specific coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2003 Volvo S60.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these coverages are set the same as your liablity limits.

Insurance for medical payments

Med pay and PIP coverage kick in for short-term medical expenses like surgery, ambulance fees, nursing services, chiropractic care and prosthetic devices. They are used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability insurance

This can cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as attorney fees, medical services, pain and suffering and bail bonds. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Collision coverage

Collision coverage covers damage to your S60 resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as sustaining damage from a pot hole, colliding with a tree and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a bird, vandalism and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Affordable insurance is out there

Low-cost 2003 Volvo S60 insurance is available online in addition to many insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies do not provide online quoting and most of the time these regional insurance providers sell through independent agents.

Insureds leave their current company for a variety of reasons including lack of trust in their agent, policy non-renewal, denial of a claim and delays in paying claims. Regardless of your reason, choosing a new company is not as difficult as it may seem.

When you buy insurance online, it’s not a good idea to buy poor coverage just to save money. There are many occasions where someone sacrificed physical damage coverage only to find out that it was a big mistake. Your strategy should be to buy enough coverage at an affordable rate while still protecting your assets.

For more information, feel free to visit the resources below:

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