Cheaper 2011 Volvo V50 Insurance Rates

Want lower insurance coverage rates for your Volvo V50? If you’re looking for more affordable insurance online, do you get overwhelmed by the sheer number of insurance coverage companies? You have so many companies to choose from that it can quickly become a difficult mission to locate the lowest prices.

Finding the best rates is quite easy. If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. But car owners do need to know how big insurance companies market on the web and use this information to your advantage.

Discounts for lower-cost auto insurance rates

Some companies don’t list all disounts very well, so we researched a few of the more well known as well as some of the hidden ways to save on auto insurance.

  • Homeowners Savings – Owning a house may trigger a policy discount on auto insurance because it is proof of financial responsibility.
  • Driver’s Education for Students – It’s a good idea to have your young drivers enroll in driver’s education in school or through a local driver safety program.
  • More Vehicles More Savings – Buying a policy with primary and secondary vehicles on the same auto insurance policy can get a discount on all vehicles.
  • No Accidents – Insureds who avoid accidents and claims have much lower rates in comparison to insureds who have frequent claims or accidents.
  • Responsible Driver Discounts – Drivers without accidents can save as much as half off their rates on V50 insurance than drivers with accident claims.

While discounts sound great, it’s important to understand that most discounts do not apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, it’s just not the way it works.

A few popular companies and a summarized list of policyholder discounts are included below.

  • State Farm includes discounts for student away at school, multiple autos, Drive Safe & Save, good student, multiple policy, and driver’s education.
  • American Family has savings for good driver, multi-vehicle, defensive driver, accident-free, and good student.
  • GEICO may have discounts that include five-year accident-free, military active duty, seat belt use, emergency military deployment, multi-policy, membership and employees, and air bags.
  • 21st Century offers discounts including theft prevention, early bird, anti-lock brakes, homeowners, good student, and defensive driver.
  • Progressive policyholders can earn discounts including good student, homeowner, multi-policy, online signing, and continuous coverage.

When getting a coverage quote, ask each company which discounts they offer. Some of the discounts discussed earlier might not apply in your area. If you would like to view companies who offer cheap auto insurance quotes, follow this link.

How much is car insurance?

Most of the larger companies make it easy to get prices for coverage from their websites. Doing online quotes is quite simple as you just type in the amount of coverage you want on the page. Upon sending the form, their system requests information on your driving record and credit history and returns a price based on the data you entered.

Quoting online makes comparing rates easy, but the work required to visit a lot of sites and fill out multiple forms is monotonous and tiresome. Unfortunately, it is important to get many rate quotes if you want to find better car insurance pricing.

An easier way to find better car insurance pricing makes use of a single form to return rates from a bunch of companies at once. It’s a real time-saver, requires less work, and makes quoting online much more enjoyable and efficient. After sending the form, it is rated and you can choose your choice of the price quotes you receive. If the quotes result in lower rates, it’s easy to complete the application and buy the policy. The entire process can be completed in less than 10 minutes and may save quite a bit of money.

To save time and fill out one form to compare multiple rates now, simply click here to open in new window and complete the simple form. If you have your current policy handy, we recommend you input the limits and deductibles as shown on your current policy. This helps ensure you will have rate quotes based on the exact same insurance coverage.

Tailor your insurance coverage coverage to you

When it comes to choosing proper insurance coverage, there really is not a single plan that fits everyone. Each situation is unique.

For instance, these questions might help in determining if your situation could use an agent’s help.

  • Am I covered when driving someone else’s vehicle?
  • Will I lose any money if I cancel my policy before it expires?
  • Should I have combined single limit or split liability limits?
  • Am I covered if I hit a deer?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • How do I file an SR-22 for a DUI in my state?
  • Why do I need rental car insurance?

If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Car insurance 101

Learning about specific coverages of car insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive coverages

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, damage from getting keyed and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision insurance

Collision coverage will pay to fix damage to your V50 resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as sustaining damage from a pot hole, scraping a guard rail, crashing into a ditch, backing into a parked car and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and also any damage incurred to your Volvo V50.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Coverage for medical payments

Med pay and PIP coverage provide coverage for bills such as pain medications, funeral costs, doctor visits and nursing services. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Liability insurance

Liability coverage will cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims. Liability 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. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things like medical services, structural damage, loss of income, emergency aid and pain and suffering. How much coverage you buy is your choice, but consider buying higher limits if possible.

Be Smart and Buy Smart

As you quote auto insurance, you should never reduce needed coverages to save money. There are a lot of situations where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. The proper strategy is to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.

People switch companies for a number of reasons such as unfair underwriting practices, extreme rates for teen drivers, lack of trust in their agent and not issuing a premium refund. No matter why you want to switch, finding a new company can be less work than you think.

In this article, we covered a lot of ways to save on 2011 Volvo V50 insurance. It’s most important to understand that the more providers you compare, the better your comparison will be. You may even find the lowest priced insurance coverage comes from a small mutual company.

Additional insurance coverage information can be read at these links: