Cheapest 2007 Volvo S60 Insurance Rates in 2023

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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: May 12, 2022

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Searching for lower insurance rates for your Volvo S60? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me, there are a lot of people just like you who feel imprisoned by their insurance policy. Since consumers have many online and local companies to choose from, it’s difficult to locate the best insurance company.

Get lower rates on 2007 Volvo S60 insurance

Car insurance is not cheap, buy you may qualify for discounts to cut the cost considerably. Some trigger automatically at the time of quoting, but a few need to be asked about before you get the savings. If you’re not getting every credit available, you’re paying more than you need to.

  • Good Student – This discount can earn a discount of 20% or more. This discount can apply until age 25.
  • Defensive Driver – Taking part in a defensive driving course could save 5% or more and easily recoup the cost of the course.
  • Clubs and Organizations – Belonging to certain professional organizations is a good way to get lower rates on insurance for S60 insurance.
  • Own a Home – Being a homeowner can help you save on insurance due to the fact that maintaining a home demonstrates responsibility.
  • Drive Less and Save – Driving fewer miles could qualify for better rates on cars that stay parked.

It’s important to note that most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will help reduce your premiums.

Companies who might offer these discounts may include but are not limited to:

Check with each company which discounts you may be entitled to. All car insurance discounts might not be offered everywhere.

Volvo S60 insurance premiums are calculated by many factors

An important part of buying insurance is that you know the different types of things that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

The list below includes a partial list of the pieces used by your company to calculate rates.

  • Marriage brings a discount – Getting married helps lower the price on your policy. Having a significant other means you’re more mature and responsible and it’s statistically proven that drivers who are married are more cautious.
  • Do men or women drive better? – The statistics show women tend to be less risk to insure than men. However, this does not mean women are better drivers. Women and men have accidents in similar numbers, but the males have costlier accidents. They also have more aggressive citations like reckless driving and DUI. Young males tend to get in the most accidents and therefore are the most expensive to insure.
  • Extra coverages can waste money – There are a lot of extra coverages that you can get tricked into buying on your car insurance policy. Coverages for vanishing deductibles, accidental death and membership fees are examples of these. These coverages may sound good when talking to your agent, but your needs may have changed so eliminate them to save money.
  • Do you have a high stress job? – Careers like judges, social workers and stock brokers tend to have the highest rates due to job stress and long work hours. On the other hand, occupations like scientists, students and retirees receive lower rates for S60 insurance.
  • Rate your vehicle for proper use – Driving more miles each year the more you’ll pay to insure your vehicle. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than vehicles that are driven to work every day. Make sure your car insurance coverage properly reflects the proper vehicle usage, because improper ratings can cost you money. Incorrect usage on your S60 may be costing you.
  • Teen drivers pay high rates – Youthful drivers have a tendency to be less responsible when behind the wheel so they pay higher car insurance rates. Older insureds tend to be more responsible, tend to file fewer claims and receive fewer citations.

Tailor your coverage to you

When buying coverage, there really is not a best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions might help in determining if you will benefit from professional help.

  • Am I covered if I crash into my own garage door?
  • Does my 2007 Volvo S60 need full coverage?
  • What is PIP insurance?
  • What if I owe more than I can insure my car for?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is my Volvo S60 covered if I use it for business?
  • Should I have combined single limit or split liability limits?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I need roadside assistance coverage?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Advertising myths

Drivers get pounded daily by advertisements for the lowest price auto insurance from companies such as State Farm, Allstate and GEICO. All the ads say the same thing about savings after switching your policy.

How can each company say the same thing?

Different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a profitable customer might be over the age of 50, is a homeowner, and has a high credit rating. A driver who meets those qualifications will get the preferred rates and most likely will pay quite a bit less when switching companies.

Potential insureds who don’t measure up to this ideal profile will have to pay a higher premium and ends up with the customer not buying. The ad wording is “people who switch” not “everyone that quotes” save that much money. That’s why companies can claim big savings.

Because of the profiling, it’s extremely important to quote coverage with many companies. You cannot predict which insurance company will fit your personal profile best.

Specifics of your insurance policy

Understanding the coverages of your policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the normal coverages found on the average insurance policy.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, fire damage, vandalism and theft. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision – This coverage covers damage to your S60 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as hitting a parking meter, rolling your car, backing into a parked car and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Volvo S60.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for short-term medical expenses such as rehabilitation expenses, doctor visits, dental work, hospital visits and nursing services. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Liability coverage – Liability insurance protects you from damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like repair bills for other people’s vehicles, pain and suffering, structural damage and loss of income. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Quote often and quote early

While you’re price shopping online, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut liability limits or collision coverage only to find out that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage at an affordable rate.

Low-cost 2007 Volvo S60 insurance is attainable on the web and also from your neighborhood agents, and you need to comparison shop both to have the best selection. Some insurance companies may not provide you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

More detailed auto insurance information is located by following these links:

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