2002 Volvo XC Car Insurance Rates

Want the cheapest car insurance rates for your Volvo XC? Have you had enough of scraping the payment together to insure your Volvo every month? You’re in the same situation as many other drivers.

Many auto insurance companies compete to insure your vehicles, so it can be very hard to choose a company and get the best coverage at the best rate

How to Get Car Insurance Comparison Quotes

All the larger car insurance companies like 21st Century, Allstate and State Farm allow you to get prices for coverage on their websites. Getting quotes is pretty painless as you simply enter the coverage amounts you desire into a form. Once entered, the system automatically orders information on your driving record and credit history and gives you a price quote. Online price quotes helps simplify price comparisons, but the time required to go to different websites and complete many quote forms gets old quite quickly. Unfortunately, it is important to do this if you are searching for the lowest car insurance rates.

There is an easier way!

An easier way to compare car insurance pricing uses one form that gets prices from a bunch of companies at once. It’s a real time-saver, requires much less work on your part, and makes rate comparisons a lot less work. After sending the form, it is quoted and you are able to buy any of the quote results.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase the new policy. The whole process can be completed in less than 10 minutes and you’ll know if lower rates are available.

If you want to compare rates using this form now, simply click here to open in new window and fill out the form. If you currently have coverage, we recommend that you enter deductibles and limits just like they are on your policy. This guarantees you will get comparison quotes for similar insurance coverage.

Do you really save 40% when you switch?

Companies like 21st Century, Allstate and State Farm consistently run ads on TV and radio. All the ads have a common claim that you’ll save big if you change to them. But how can every company claim to save you money?

Different companies have a preferred profile for the type of driver that is profitable for them. For example, a driver they prefer might be between the ages of 40 and 55, is a homeowner, and chooses high deductibles. Any new insured who meets those qualifications will get the preferred rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who are not a match for the “perfect” profile will be quoted a higher premium and ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently make the claims of big savings.

This emphasizes why drivers should get as many quotes as possible. You cannot predict the company that will provide you with the cheapest Volvo XC insurance rates.

Factors influencing Volvo XC insurance rates

An important part of buying insurance is that you know the different types of things that go into determining the price you pay for insurance coverage. Understanding what determines base rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • Your credit rating is important – A driver’s credit rating is a large factor in calculating your insurance coverage rates. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with poor credit. If your credit score can use some improvement, you could pay less to insure your 2002 Volvo XC by repairing your credit.
  • Do you need those extra coverages? – There are a ton of extra coverages that you can get tricked into buying when buying insurance coverage. Coverages like rental car reimbursement, accidental death and membership fees may be costing you every month. These coverages may sound good when you first buy your policy, but your needs may have changed so get rid of them and save.
  • Being married is a good thing – Being married helps lower the price on your insurance coverage policy. Marriage usually means you are more responsible and it’s proven that drivers who are married are more cautious.
  • Liability insurance protects assets – Your policy’s liability coverage is the coverage that protects you if a jury decides you are liable for personal injury or accident damage. It will provide legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.
  • Where you live is a factor – Residing in a small town can be a good thing when buying insurance coverage. Fewer drivers means reduced accidents as well as less vandalism and auto theft. City drivers tend to have much more traffic to deal with and much longer commute distances. Longer commute distances can result in more accidents.

Don’t overlook these discounts

Car insurance can cost a lot, but there are discounts available that many people don’t even know exist. Some trigger automatically at the time of purchase, but lesser-known reductions have to be asked about before you get the savings.

  • Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on XC insurance than drivers with accident claims.
  • Distant Student – Youth drivers who are attending college without a vehicle on campus can be insured at a reduced rate.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts may earn rate discounts of 20% or more.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
  • Discount for Life Insurance – Companies who offer life insurance give a break if you buy a life insurance policy as well.
  • Accident Waiver – A handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.

Drivers should understand that most discount credits are not given to the overall cost of the policy. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will cut the cost of coverage.

To see a list of insurance companies who offer insurance coverage discounts, click here to view.

Is my situation unique?

When it comes to choosing the best auto insurance coverage for your vehicles, there is no “perfect” insurance plan. Each situation is unique and your policy should reflect that. These are some specific questions might point out if you might need professional guidance.

  • What can I do if my company won’t pay a claim?
  • What is no-fault insurance?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my cargo covered for damage or theft?
  • Can my babysitter drive my car?
  • What if I owe more than I can insure my car for?
  • What is medical payments coverage?
  • What is roadside assistance coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • What if I don’t agree with a claim settlement offer?

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 don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverages explained

Learning about specific coverages of insurance helps when choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.

Uninsured and underinsured coverage – This coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Volvo XC.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits are similar to your liability insurance amounts.

Liability coverage – This coverage provides protection from damages or injuries you inflict on other’s property or people in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as loss of income, bail bonds, structural damage, attorney fees and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as dental work, pain medications, prosthetic devices and funeral costs. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Collision – This coverage pays for damage to your XC resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, sustaining damage from a pot hole, hitting a mailbox, colliding with another moving vehicle and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverages – This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, damage from flooding, falling objects and hail damage. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Better coverage you can count on

Discount 2002 Volvo XC insurance is possible from both online companies as well as from independent agents, so compare prices from both to have the best selection. Some insurance companies don’t offer online price quotes and these smaller companies work with independent agents.

When shopping online for insurance coverage, do not buy poor coverage just to save money. There are too many instances where an insured cut comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The ultimate goal is to find the BEST coverage at a price you can afford, not the least amount of coverage.

In this article, we covered some good ideas how to get a better price on insurance. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. You may be surprised to find that the most savings is with an unexpected company. These smaller insurers can often provide lower rates in certain areas than their larger competitors like Progressive or Geico.

Additional insurance coverage information is available at the links below