Best Ways to Save Money When Quoting Volvo S70 Insurance

Tired of paying out the nose to pay your car insurance bill each month? Your situation is no different than millions of other consumers.

With consumers having so many companies to choose from, it can be hard to pick the cheapest car insurance company.

It’s a good idea to do rate comparisons before your policy renews since insurance rates are constantly changing. Even if you think you had the lowest rates for S70 coverage two years ago you can probably find a better price now. There is a lot of bad advice regarding auto insurance online but with this article, you’re going to get the easiest ways to buy auto insurance cheaper.

Don’t overlook these discounts

Companies that sell car insurance don’t always publicize all available discounts very clearly, so we break down both the well known as well as the least known discounts you could be receiving.

  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Pay Now and Pay Less – By paying your policy upfront instead of paying each month you could save up to 5%.
  • Air Bag Discount – Cars that have air bags or automatic seat belts may earn rate discounts up to 30%.
  • Seat Belts Save – Drivers who require all occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Early Switch Discount – A few companies offer discounts for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Paperless Signup – A handful of insurance companies may give you up to $50 just for signing your application digitally online.
  • Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more for S70 coverage than drivers with accident claims.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. This discount can apply until age 25.
  • Save over 55 – If you’re over the age of 55, you may receive better auto insurance rates for S70 coverage.

Consumers should know that most discounts do not apply the the whole policy. Most only reduce the price of certain insurance coverages like medical payments or collision. So when it seems like adding up those discounts means a free policy, you’re out of luck.

Factors that can influence insurance rates for a Volvo S70

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels helps enable you to make changes that may reward you with much lower annual insurance costs. car insurance quote

Shown below are a partial list of the pieces that factor into rates.

  • Older drivers pay less – Teenage drivers tend to get distracted easily when driving so they pay higher auto insurance rates. Having to add a teen driver onto a policy can really hurt. More mature drivers are more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Don’t let your coverage lapse – Driving your car without having proper coverage is a misdemeanor and your next policy will cost more because you let your coverage have a gap. Not only will you pay more, getting caught without coverage will get you a revoked license or a big fine.
  • Pleasure use saves money – The more miles you rack up on your Volvo each year the more you will pay for auto insurance. Most companies rate vehicles based upon how you use the vehicle. Autos that are left in the garage get more affordable rates compared to those used for work or business. Improper usage on your S70 can cost quite a bit. Verify your auto insurance policy is rated on how each vehicle is driven.
  • More claims means more premium – Companies provide better rates to people who are claim-free. If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Your insurance policy is designed for the large, substantial claims.
  • Special features that cut premiums – Owning a car with an alarm system can save you a little every year. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
  • Do you work long hours in a high stress job? – Did you know your auto insurance rates can be affected by your occupation? Jobs such as real estate brokers, business owners and stock brokers have the highest rates due to high stress levels and long work hours. On the other hand, professions such as pilots, students and performers get better rates for S70 coverage.

Is my situation unique?

When buying the best auto insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every situation is different and your policy should reflect that. For example, these questions can help discover if your insurance needs will benefit from professional help.

  • Is there coverage for injuries to my pets?
  • Does my medical payments coverage pay my health insurance deductible?
  • What are the best liability limits?
  • What discounts do I qualify for?
  • Is a new car covered when I drive it off the dealer lot?
  • Do no-fault laws apply in my state?
  • Are there companies who specialize in insuring high-risk drivers?
  • Who is covered when they drive my Volvo S70?
  • Do I have coverage when using my vehicle for my home business?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Buyer beware of auto insurance advertising tricks

Progressive, GEICO, Allstate and State Farm regularly use television and radio advertisements. All the companies make the same claim of big savings if you move to their company. How does each company make the same claim?

Insurance companies can use profiling for the type of driver that earns them a profit. A good example of a desirable insured might be profiled as over the age of 40, has no prior claims, and has a short commute. A customer who fits that profile will get the preferred rates and is almost guaranteed to cut their rates substantially.

cheapest Volvo S70 insurance

Potential customers who are not a match for the requirements will have to pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ads state “customers who switch” but not “drivers who get quotes” save that kind of money. This is how companies can truthfully claim big savings. Because of the profiling, drivers should get as many quotes as possible. It’s impossible to know the company that will have the lowest rates.

Quote often and quote early

Cost effective Volvo S70 insurance can be purchased on the web and also from your neighborhood agents, so you should compare both to get a complete price analysis. Some companies may not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

While you’re price shopping online, never skimp on coverage in order to save money. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. The aim is to purchase a proper amount of coverage at the best price, not the least amount of coverage.