Compare 2019 Volvo V60 Insurance Cost in 2024

Trying to come up with a payment for pricey car insurance can take a big chunk out of your personal savings and force you to tighten up your finances.

Many insurers compete for your hard-earned dollar, so it can be very hard to choose a insurer and uncover the absolute best rates possible.

Verify you’re applying every discount

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that you may not know about. Certain credits will be shown at the time of quoting, but some need to be inquired about before you will receive the discount.

• Discounts for Multiple Vehicles – Having multiple cars on one policy could earn a price break for each car.
• Drive Safe and Save – Accident-free drivers can save up to 40% or more on their insurance quote on V60 coverage than drivers with accident claims.
• Auto/Life Discount – Select insurance companies reward you with a lower rate if you buy life insurance.
• Telematics Data – Drivers who agree to allow companies to track driving patterns by installing a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they are good drivers.
• Air Bags and Passive Restraints – Cars that have air bags and/or automatic seat belt systems may qualify for discounts of 25 to 30%.
• Federal Employees – Federal government employees could provide a small rate reduction on V60 coverage with a few insurance companies.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, insurance companies aren’t that generous.

For a list of companies that offer some of these discounts, enter your zip code here.

Why smart buyers pay less for Volvo V60 insurance

Part of the insurance buying process is learning the different types of things that come into play when calculating your insurance rates. When you understand what determines premiums, this allows you to make educated decisions that will entitle you to big savings.

• Only buy extra policy coverages you need – Policies have extra coverages that can add up when buying insurance. Add-on coverages like rental car reimbursement, accident forgiveness, and extra equipment coverage may be costing you every month. These may sound like a good investment initially, but your money might be better spent on other coverage so eliminate them to save money.
• Gender impacts costs – Statistics have proven that females take fewer risks when driving. The data does not necessarily mean that men are worse drivers. Both genders tend to get into fender benders in similar percentages, but men cause more damage and cost insurance companies more money. Not only that, but men also get cited for more serious violations like driving under the influence (DUI). Male teenagers have the highest risk to insure and therefore pay the highest rates.
• Pay more by driving carelessly – How you drive can have a huge impact on auto insurance premiums. Good drivers tend to pay less for car insurance as compared to careless drivers. Having a single driving citation could increase your next policy renewal twenty percent or more. People who have flagrant violations like hit and run, DWI or reckless driving convictions are required to maintain a SR-22 with their state’s licensing department in order to keep their license.
• Optional features impact prices – Choosing to buy a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms can help prevent your car from being stolen.
• More stress means more cost – Do you have a high-stress occupation? Occupations like fire fighters, architects and financial analysts usually pay the highest rates attributed to stressful work requirements and long work hours. On the other hand, professions such as actors, athletes and the unemployed pay the least on V60 coverage.
• High credit scores save money – Having a good credit score factor in calculating your insurance rates. If your credit score is lower than you’d like, you could pay less to insure your 2019 Volvo V60 by repairing your credit. Insureds with excellent credit scores tend to be better risks to insure than drivers with poor credit.
• Never go without insurance – Letting your insurance expire is a sure-fire way to drive up your policy premiums. Not only will you pay higher rates, getting caught without coverage may earn you a fine, jail time, or a revoked license. You could then be forced to file a SR-22 with your state motor vehicle department.
• High premiums for younger drivers – Young drivers tend to get distracted easily when driving with friends and because of this, their insurance rates are much higher. More mature drivers tend to be more responsible, cost insurance companies less in claims and get fewer tickets.

When should I discuss my situation with an agent?

When it comes to buying the right insurance coverage, there is no “best” method to buy coverage. Every situation is different so this has to be addressed. For instance, these questions might point out whether you would benefit from professional advice.

• Where can I find high-risk insurance?
• Is my Volvo V60 covered if I use it for business?
• What is high-risk coverage and where do I buy it?
• Do I need replacement cost coverage?
• How can I get high-risk coverage after a DUI?
• How high should my medical payments coverage be?
• When does my teenage driver need to be added to my policy?
• Am I covered when driving a rental car?
• Do I have any recourse if my insurance company denies a claim?
• Am I covered when delivering products for my home-based business?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete your zip code.

Don’t listen to company ads

Respected companies like Allstate, GEICO and Progressive seem to constantly run ads in print and on television. They all seem to convey the message that people will save after switching your policy. How does each company charge you less for auto insurance? This is the trick they use.

Most companies have specific guidelines for the driver that will not have excessive claims. A good example of a profitable risk profile might be described as between 25 and 40, has few claims, and the vehicle is rated for pleasure use. Anybody that hits that “sweet spot” receives the best auto insurance rates and therefore will save when they switch companies.

Consumers who are not a match for the ideal profile may be required to pay a more expensive rate and ends up with business going elsewhere. The ads say “customers that switch” but not “everyone who gets a quote” save that kind of money. That is how companies can make those claims. Because every company is different, you absolutely need to get as many free insurance quotes as possible. Because you never know which insurance companies will provide you with the cheapest prices.

Coverages available on your insurance policy

Having a good grasp of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Listed below are typical coverage types available from insurance companies.

Comprehensive protection – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as damage from getting keyed, fire damage and rock chips in glass. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision – Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as backing into a parked car, rolling your car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Volvo V60.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage – Med pay and PIP coverage reimburse you for immediate expenses for things like nursing services, hospital visits, rehabilitation expenses, prosthetic devices and EMT expenses. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Liability car insurance – Liability insurance provides protection from damage or injury you incur to other people or property by causing an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property.

Liability coverage protects against claims like loss of income, pain and suffering, legal defense fees, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Saving money makes a lot of cents

The cheapest 2019 Volvo V60 insurance can be sourced on the web in addition to many insurance agents, so you should compare both to get a complete price analysis. A few companies may not offer online rate quotes and most of the time these small insurance companies provide coverage only through independent agents.

As you quote insurance, do not reduce needed coverages to save money. Too many times, an insured dropped liability limits or collision coverage and discovered at claim time that it was a big mistake. The goal is to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.