2008 Volvo S80 Insurance Cost – 6 Ways to Save

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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: Nov 15, 2021

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Finding better rates for car insurance is a challenge for consumers not familiar with shopping for insurance online. There are so many choices that it can turn into a challenge to find lower rates.

The best way to compare car insurance rates is to take advantage of the fact most of the larger companies provide online access to compare their rates. To start a quote, the only thing you need to do is give them some information such as how much education you have, the ages of drivers, an estimate of your credit level, and if a SR-22 is needed. Your rating data is automatically sent to many highly-rated insurers and they respond with quotes within a short period of time.

Save with discounts on 2008 Volvo S80 insurance

Car insurance is not cheap, but there could be available discounts to help offset the cost. Certain discounts will be applied at the time of quoting, but some may not be applied and must be requested specifically before being credited.

  • Accident Forgiveness – Certain companies will forgive one accident without raising rates as long as you don’t have any claims for a certain period of time.
  • Multiple Cars – Insuring all your vehicles on the same auto insurance policy qualifies for this discount.
  • Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts could cut 10% or more off your medical payments premium.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with a substantially lower rate.
  • Service Members Pay Less – Having a deployed family member may qualify for rate reductions.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears it’s possible to get free car insurance, companies don’t profit that way. But all discounts will cut your premiums.

A partial list of companies that may have these money-saving discounts include:

  • State Farm
  • Progressive
  • Progressive
  • MetLife
  • Farm Bureau
  • GEICO
  • SAFECO

Check with each company which discounts they offer. Some discounts might not be offered in every state.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different.

These are some specific questions might point out whether or not you might need professional guidance.

  • Why do I need rental car insurance?
  • When should I remove comp and collision on my 2008 Volvo S80?
  • Do I need an umbrella policy?
  • Do I have coverage when pulling a U-Haul trailer?
  • Are my tools covered if they get stolen from my vehicle?
  • Do I need more liability coverage?
  • What discounts do I qualify for?
  • Does my 2008 Volvo S80 need full coverage?
  • Is motorclub coverage worth it?
  • Am I covered if I hit my neighbor’s mailbox?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.

Advertising myths

State Farm, GEICO and Progressive regularly use ads on television and other media. All the companies say the same thing about savings if you move your policy. How does each company make almost identical claims? This is how they do it.

Insurance companies can use profiling for the driver that makes them money. For example, a desirable insured might be between the ages of 40 and 55, has no tickets, and chooses high deductibles. Any new insured who matches those parameters will get very good rates and is almost guaranteed to save a lot of money.

Potential customers who don’t meet the “perfect” profile will be charged higher rates and ends up with the customer not buying. Company advertisements say “customers who switch” not “people who quote” save that much. This is how companies can state the savings.

That is why you absolutely need to get as many comparisons as possible. Because you never know which insurance companies will have the lowest Volvo S80 insurance rates.

Parts of your insurance policy

Understanding the coverages of insurance aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive insurance – This covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, falling objects, theft, hitting a bird and damage from flooding. The most your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability auto insurance – Liability insurance protects you from injuries or damage you cause to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as funeral expenses, medical services and attorney fees. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

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. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Collision coverage – This will pay to fix damage to your S80 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like colliding with another moving vehicle, hitting a parking meter, damaging your car on a curb, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like ambulance fees, funeral costs and chiropractic care. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Knowledge is power

Insureds change insurance companies for many reasons like delays in paying claims, delays in responding to claim requests, poor customer service or even high prices. It doesn’t matter why you want to switch finding a new insurance coverage company is pretty easy and you might even save some money in the process.

As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, someone dropped liability limits or collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

Low-cost 2008 Volvo S80 insurance is attainable both online and with local insurance agents, so compare prices from both to have the best selection. Some insurance providers do not offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

Much more information about insurance coverage is located on the following sites:

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