Cheaper 2018 Volvo V60 Insurance Quotes 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: Apr 23, 2024

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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Finding the most affordable car insurance online can seem to be challenging for consumers that are not comfortable with quoting and comparing and buying car insurance on the web. Since there are so many insurance companies available, how can consumers efficiently compare each option to find the cheapest price possible?

If you currently have car insurance, you should be able to save some money using this strategy. Locating more affordable coverage is simple if you know the tricks. Nevertheless, drivers can benefit by having an understanding of how big insurance companies market insurance on the web because it can help you find the best coverage.

Discounts to earn cheap insurance coverage rates

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that can dramatically reduce your bill. Some of these discounts will be visible when you quote, but some may not be applied and must be requested specifically prior to receiving the credit.

  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems may get savings as much as 30%.
  • Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • Multiple Policy Discount – If you combine your auto and homeowners policies and insure them with the same company you will save at least 10% off all policies.
  • Low Mileage – Low mileage vehicles can qualify you for slightly better prices than normal.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up before driving can save a little off the medical payments premium.
  • Accident Waiver – This one is not really a discount per se, but certain companies will allow you to have one accident without the usual rate increase if you have no claims prior to being involved in the accident.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premium rates.

As a footnote on discounts, some credits don’t apply to the entire cost. Most only apply to the cost of specific coverages such as comp or med pay. Even though it appears you would end up receiving a 100% discount, companies wouldn’t make money that way.

A list of insurance coverage companies and a summarized list of policyholder discounts are shown below.

  • Progressive policyholders can earn discounts including homeowner, online signing, continuous coverage, online quote discount, good student, and multi-vehicle.
  • Farmers Insurance discounts include teen driver, business and professional, homeowner, good student, mature driver, and youthful driver.
  • Farm Bureau offers premium reductions for youthful driver, renewal discount, driver training, safe driver, 55 and retired, multi-vehicle, and good student.
  • State Farm has savings for driver’s education, Drive Safe & Save, passive restraint, anti-theft, good driver, and multiple autos.
  • GEICO may include discounts for emergency military deployment, air bags, five-year accident-free, daytime running lights, multi-vehicle, and military active duty.
  • SAFECO offers discounts including bundle discounts, accident prevention training, safe driver, anti-theft, teen safe driver, multi-car, and homeowner.
  • Liberty Mutual offers discounts for new move discount, preferred payment discount, exclusive group savings, newly retired, safety features, and hybrid vehicle.

If you are trying to find cheap insurance quotes, ask all the companies to apply every possible discount. Discounts may not be offered everywhere. To see a list of insurance companies who offer discounts, enter your zip code here.

How to shop insurance coverage online

Comparing insurance coverage rates can take hours if you aren’t aware of the easiest way. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you could use online quoting to accomplish the same thing much quicker.

Most major companies belong to a marketplace that enables customers to complete one form, and each company returns a competitive quote based on that information. This prevents consumers from doing quote forms to each individual insurance coverage company.

To get comparison pricing now enter your zip code here.

The single downside to using this type of form is buyers cannot specifically choose which insurance companies to get pricing from. If you prefer to choose from a list of companies to request quotes from, we put together a list of insurance coverage companies in your area. Click to enter zip code.

It doesn’t matter which method you choose, just make darn sure you compare the same coverage limits and deductibles on every quote you get. If the quotes have unequal deductibles or liability limits you will not be able to get a fair rate comparison. Even a minor difference in limits can mean a large discrepancy in price. It’s important to know that comparing more rates from different companies helps improve the odds of finding more affordable insurance. Not every company allows you to get price estimates online, so it’s important to also get price estimates from them as well.

The Volvo V60 insurance cost equation

Many different elements are part of the calculation when you get your auto insurance bill. Some are pretty understandable like your driving record, but others are less apparent like your continuous coverage or your vehicle rating. Part of the auto insurance buying process is learning the factors that come into play when calculating your premiums. When consumers understand what controls the rates you pay, this allows you to make educated decisions that may result in much lower annual insurance costs.

The list below includes a partial list of the pieces auto insurance companies consider when setting your premiums.

  • Location can impact price – Residing in areas with lower population may provide you with better prices when insuring your vehicles. Less people living in that area means reduced accidents in addition to fewer liability claims. People in densly populated areas tend to have more auto accidents and much longer commute distances. More time commuting means more chances of being involved in an auto accident.
  • Incidental coverages can cost a lot – There are a lot of additional extra coverages you can purchase if you aren’t careful. Add-on coverages like personal injury protection, high-cost glass coverage, and Farm Bureau memberships may be wasting your money. They may seem good at first, but if they’re wasting money remove them and pocket the money.
  • Use but don’t abuse your insurance – If you are a frequent claim filer, you can expect either higher rates or even cancellation. Insurance companies give better rates to drivers who do not file claims often. Auto insurance is intended to be relied upon for the large, substantial claims.
  • Gender matters – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. However, this does not mean females are better drivers. Men and women cause auto accidents in similar numbers, but guys have costlier accidents. They also get ticketed for serious violations such as DWI and reckless driving. Male drivers age 16 to 19 cause the most accidents and are penalized with high auto insurance rates.
  • Can a thief steal your car? – Selecting a car model with advanced anti-theft systems can help lower your premiums. Theft prevention features like OnStar, LoJack tracking, and tamper alarms can thwart your vehicle from being stolen.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage for your vehicles, there really is no single plan that fits everyone. Every situation is different.

These are some specific questions may help highlight whether or not you might need professional guidance.

  • Is extra glass coverage worth it?
  • How do I buy GAP insurance?
  • Am I covered when delivering products for my home-based business?
  • Do I need an umbrella policy?
  • Is my teenager covered with friends in the car?
  • At what point should I drop full coverage?
  • What are the financial responsibility laws in my state?
  • Do I need medical payments coverage since I have good health insurance?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code.

The coverage is in the details

Learning about specific coverages of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Auto liability insurance

Liability coverage will cover injuries or damage you cause to other people or property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things such as attorney fees, medical services, emergency aid, repair costs for stationary objects and structural damage. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as theft, damage from getting keyed, hitting a bird and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with another moving vehicle, scraping a guard rail, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also raise the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Volvo V60.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for doctor visits, pain medications, X-ray expenses, hospital visits and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Buy Smart and Save

When trying to cut insurance costs, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed liability limits or collision coverage only to discover later that the small savings ended up costing them much more. Your strategy should be to buy enough coverage for the lowest price but still have enough coverage for asset protection.

A few companies do not offer rate quotes online and usually these regional carriers only sell through independent insurance agencies. Lower-priced car insurance is possible from both online companies and from local agencies, and you need to comparison shop both to have the best rate selection.

In this article, we covered a lot of techniques to compare 2018 Volvo V60 insurance rates online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers may even find the most savings is with the smaller companies.

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