Cheapest 1997 Volvo 850 Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 1, 2023

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Looking for cheaper car insurance rates? Shoppers have many options when shopping for the best price on Volvo 850 insurance. They can either spend hours struggling with agents trying to get quotes or utilize the internet to compare rates.

There are both good and bad ways to compare car insurance rates and we’ll show you the best way to quote coverages on a Volvo and obtain the lowest price either online or from local insurance agents.

Volvo 850 premiums are determined by many factors

Consumers need to have an understanding of the factors that help determine the price you pay for insurance. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to lower insurance prices.

The following are some of the factors used by your company to calculate prices.

  • High credit ratings translate to low rates – Your credit history is a large factor in your rate calculation. If your credit history is not that good, you could be paying less to insure your 1997 Volvo 850 by improving your rating. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit scores.
  • Your stress level may be raising your rates – Careers like real estate brokers, business owners and accountants tend to have higher rates than average because of high stress levels and long work hours. On the flip side, jobs such as farmers, athletes and retirees receive lower rates for 850 insurance.
  • Pay less after the wedding – Having a spouse actually saves money on your insurance policy. Having a significant other translates into being more mature and responsible it has been statistically shown that drivers who are married are more cautious.
  • Your location is important – Living in small towns and rural areas can be a good thing when it comes to insurance. Lower population means a lower chance of having an accident. Urban drivers have to deal with much more traffic to deal with and much longer commute distances. More time on the road means more change of being in an accident.
  • Traffic violations increase rates – Drivers who don’t get tickets get better rates than bad drivers. Just one speeding ticket can bump up the cost twenty percent or more. Drivers who have serious citations such as DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.
  • Your age impacts your rates – Older insureds are more cautious drivers, tend to cause fewer accidents and get fewer tickets. Teen drivers are known to be less responsible when behind the wheel therefore insurance rates are much higher.
  • Keep rates low by being claim-free – If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Insurance companies provide lower rates to drivers who do not file claims often. Your insurance policy is intended for the large, substantial claims.
  • One company can mean more discounts – Many insurers will award you with lower prices to customers who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other company rates to ensure the best deal.

Save big with these discounts

Car insurance can cost a lot, but you can get discounts that can drop the cost substantially. Most are applied at the time of quoting, but some must be inquired about prior to getting the savings. If you don’t get every credit available, you’re paying more than you need to.

  • Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and will save you 10% or more.
  • New Car Discount – Adding a new car to your policy is cheaper since new cars are generally safer.
  • Multiple Vehicles – Insuring multiple vehicles on one policy could earn a price break for each car.
  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Claim Free – Drivers who don’t have accidents pay much less compared to accident-prone drivers.
  • Drive Less and Save – Low mileage vehicles could qualify for discounted rates on garaged vehicles.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Some only reduce specific coverage prices like comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous. Any qualifying discounts will help reduce your overall premium however.

Don’t be fooled by advertising claims

Consumers can’t get away from ads that promise big savings from the likes of GEICO, State Farm and Progressive. They all seem to have a common claim that you can save if you switch your coverage to them.

How can each company make the same claim?

Different companies are able to cherry pick for the driver they prefer to insure. A good example of a preferred risk might be profiled as over the age of 50, has no driving citations, and chooses high deductibles. A prospective insured who meets those qualifications gets the lowest rates and most likely will save a lot of money.

Drivers who don’t measure up to these standards will be quoted a higher premium and this can result in the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “everyone that quotes” save that much money. That’s the way insurance companies can make those claims.

This emphasizes why drivers must compare many company’s rates. It is impossible to predict which auto insurance company will have the lowest Volvo 850 insurance rates.

But I don’t know anything about car insurance

When choosing the best insurance coverage coverage, there isn’t really a single plan that fits everyone. Each situation is unique.

For instance, these questions might help in determining whether your personal situation might need an agent’s assistance.

  • How can I find cheaper teen driver insurance?
  • Should I waive the damage coverage when renting a car?
  • How much underlying liability do I need for an umbrella policy?
  • Is my 1997 Volvo 850 covered for smoke damage?
  • What are the best liability limits?
  • How much liability coverage do I need in my state?
  • What happens if I owe more than my 1997 Volvo 850 is worth?
  • Do I need rental car coverage?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Auto insurance coverage considerations

Learning about specific coverages of auto insurance can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverages

This protects you from damage that occurs to other’s property or people. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three 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 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things like legal defense fees, medical expenses, loss of income and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Medical expense coverage

Med pay and PIP coverage provide coverage for immediate expenses such as X-ray expenses, ambulance fees, nursing services, rehabilitation expenses and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Comprehensive protection

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, falling objects, damage from a tornado or hurricane, vandalism and rock chips in glass. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for collisions

Collision coverage covers damage to your 850 resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like rolling your car, hitting a mailbox, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Be a penny pincher

Drivers switch companies for any number of reasons including delays in responding to claim requests, not issuing a premium refund, extreme rates for teen drivers or even high rates after DUI convictions. It doesn’t matter why you want to switch choosing a new company is pretty easy and you might even save some money in the process.

As you shop your coverage around, it’s a bad idea to reduce coverage to reduce premium. There have been many cases where an insured cut physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage at an affordable rate.

Cheap 1997 Volvo 850 insurance is possible from both online companies and also from your neighborhood agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who may not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

More tips and info about insurance coverage can be read by following these links:

Frequently Asked Questions

How can I find the cheapest insurance for a 1997 Volvo 850?

Finding the cheapest insurance for a 1997 Volvo 850 requires some research and comparison. Here are a few steps you can follow:

  • Shop around: Obtain quotes from multiple insurance companies to compare prices.
  • Consider deductibles: Opting for a higher deductible can lower your insurance premiums.
  • Review coverage options: Assess your needs and consider the minimum coverage requirements in your area. You may be able to reduce coverage types to lower costs.
  • Take advantage of discounts: Inquire about any available discounts, such as safe driver discounts or multi-policy discounts.
  • Maintain a clean driving record: A history of safe driving can contribute to lower insurance premiums.
  • Install safety features: Equipping your Volvo 850 with safety features, such as anti-lock brakes or an anti-theft system, may lead to discounted rates.

Are there any specific insurance companies known for offering affordable coverage for a 1997 Volvo 850?

While insurance rates can vary depending on your location and personal circumstances, it’s worth considering some insurance companies that are known for competitive rates. These may include:

  • Geico
  • Progressive
  • State Farm
  • Allstate
  • Liberty Mutual

What factors can affect the insurance premiums for a 1997 Volvo 850?

Several factors can impact the insurance premiums for a 1997 Volvo 850. Here are some of the most common factors that insurers consider:

  • Age and driving experience: Younger or less experienced drivers may face higher premiums.
  • Location: Insurance rates can vary based on where you live due to factors like crime rates and accident statistics.
  • Driving record: A history of accidents or traffic violations can increase premiums.
  • Vehicle usage: How often you drive and for what purposes (e.g., commuting, leisure) can affect rates.
  • Coverage and deductibles: Higher coverage limits and lower deductibles usually result in higher premiums.
  • Vehicle safety features: The presence of safety features like airbags, anti-lock brakes, and anti-theft systems can lead to lower rates.
  • Vehicle value and repair costs: The cost to repair or replace a 1997 Volvo 850 can impact insurance premiums.

Are there any specific tips for reducing insurance costs for a 1997 Volvo 850?

Yes, here are a few tips to help reduce insurance costs for your 1997 Volvo 850:

  • Opt for a higher deductible: Choosing a higher deductible can lower your insurance premiums. Just make sure you can afford to pay the deductible amount if you need to make a claim.
  • Bundle your policies: Consider bundling your auto insurance with other policies, such as homeowner’s insurance, to take advantage of multi-policy discounts.
  • Inquire about discounts: Ask your insurance provider about any available discounts, such as safe driver discounts, good student discounts, or discounts for completing defensive driving courses.
  • Maintain a clean driving record: Avoid accidents and traffic violations to maintain a clean driving record, as this can help keep your premiums lower.
  • Remove unnecessary coverage: Review your coverage options and eliminate any coverage types that you may not need, such as comprehensive or collision coverage on an older vehicle.
  • Consider usage-based insurance: Some insurance companies offer usage-based insurance programs that track your driving habits. If you’re a safe driver, this may result in lower premiums.

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