2024 Volvo S60 Insurance Rates – 8 Ways to Save

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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, 2024

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Looking for the cheapest car insurance rates for your Volvo S60? Finding the cheapest insurance for a new or used Volvo S60 can normally be difficult, but you can learn the following methods to save time. There are both good and bad ways to compare car insurance rates and we’ll show you the proper way to price shop coverage on a Volvo and locate the lowest possible price either online or from local insurance agents.

If you are insured now or are looking for a new policy, you can use these tips to get lower rates and still get good coverage. Locating cheaper insurance coverage is simple if you know the tricks. Vehicle owners only need to know the proper methods to compare prices online.

Insurance coverage quotes comparison

Finding a better price on insurance coverage is a fairly straight forward process. Drivers just need to invest a little time comparing rate quotes to find. This can easily be done in several different ways.

  1. If you are pressed for time, the simplest way to compare a lot of rates at once is to use a rate comparison form. This easy form saves time by eliminating repetitive form entry for each company you want a rate for. Completing one form will get you rate comparisons direct from many companies. It’s the quickest way to get rates.
  2. Another way to shop for insurance coverage online requires a trip to each individual company website and request a quote. For examples sake, let’s assume you want to view quotes from GEICO, Progressive and Allstate. To get each rate you have to take the time to go to each site and enter your information, and that explains why we recommend the first method.

You can use whichever method you prefer to find lower rates, just be certain you are entering apples-to-apples coverage limits and deductibles for every company. If you use different deductibles it’s impossible to make an equal comparison.

Eight discounts to earn cheap auto insurance rates

Some providers don’t list every available discount very clearly, so the list below contains both well-publicized and also the more inconspicuous credits that you can use to lower your rates. If you do not check that you are getting every discount you deserve, you may be paying too high a price.

  • Early Signing – Select insurance companies give a discount for buying a policy early. The savings is around 10%.
  • New Vehicle Savings – Buying a new car model can cost up to 25% less because newer models have to meet stringent safety requirements.
  • Student Discounts – Being a good student may save as much as 25% on a insurance quote. The good student discount can last until age 25.
  • Multi-policy Discount – If you can bundle your auto and homeowners insurance with the same company you could get a discount of as much as 10 to 15 percent.
  • Paperless Signup – A few larger online companies may give you up to $50 for signing up digitally online.
  • Save with More Vehicles Insured – Buying coverage for multiple cars with the same company can get a discount for every vehicle.
  • Mature Driver Discount – If you’re over the age of 55, you can get a slight reduction on a insurance quote for S60 coverage.
  • Own a Home – Owning a house can get you a discount because of the fact that having a home is proof of financial responsibility.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to all coverage premiums. Most cut individual premiums such as collision or personal injury protection. So even though it sounds like it’s possible to get free car insurance, nobody gets a free ride.

A few popular companies and a selection of discounts are detailed below.

  • GEICO may include discounts for military active duty, five-year accident-free, seat belt use, anti-lock brakes, membership and employees, and daytime running lights.
  • MetLife includes discounts for good student, defensive driver, multi-policy, good driver, and accident-free.
  • State Farm offers discounts including multiple policy, accident-free, safe vehicle, good student, driver’s education, and multiple autos.
  • Progressive may offer discounts for online signing, online quote discount, good student, multi-vehicle, homeowner, multi-policy, and continuous coverage.
  • Mercury Insurance discounts include ease of repair, multi-policy, accident-free, low natural disaster claims, location of vehicle, and professional/association.
  • 21st Century has savings for teen driver, defensive driver, air bags, automatic seat belts, and 55 and older.
  • Allstate may have discounts that include farm vehicle, good student, teenSMART discount, new car, anti-lock brakes, and anti-theft.

When quoting, ask every insurance company how many discounts you can get. Discounts may not apply to policies in your area. If you would like to view insurance companies who offer free auto insurance quotes, enter your zip code here.

Tailor your auto insurance coverage to you

When it comes to buying coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different.

These are some specific questions could help you determine if you would benefit from an agent’s advice.

  • Is my dog or cat covered if injured in an accident?
  • When should I drop full coverage on my 2024 Volvo S60?
  • How can I get my company to pay me more for my totalled car?
  • Can I get a multi-policy discount?
  • If my 2024 Volvo S60 is totaled, can I afford another vehicle?
  • When can I cancel my policy?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What can I do if my company won’t pay a claim?
  • Can my teen drive my company car?
  • Will my rates increase for filing one claim?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. If you don’t have a local agent, fill out your zip code. It only takes a few minutes and can provide invaluable advice.

Insurance coverage basics

Having a good grasp of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as EMT expenses, rehabilitation expenses, X-ray expenses and dental work. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from flooding, hitting a deer, hitting a bird and falling objects. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability insurance – This can cover damage or injury you incur to people or other property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as pain and suffering, attorney fees, structural damage, bail bonds and legal defense fees. How much coverage you buy is up to you, but you should buy as much as you can afford.

UM/UIM Coverage – This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your Volvo S60.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Collision coverage – This pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like scraping a guard rail, colliding with a tree, crashing into a building, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Save for a rainy day

Insureds switch companies for many reasons like poor customer service, policy cancellation, policy non-renewal and even high prices. It doesn’t matter what your reason, switching companies is actually quite simple.

As you go through the steps to switch your coverage, make sure you don’t buy poor coverage just to save money. There are many occasions where drivers have reduced liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at the best possible price, but do not skimp to save money.

We just showed you many tips how you can get a better price on 2024 Volvo S60 insurance. It’s most important to understand that the more times you quote, the better your chances of lowering your rates. You may even discover the most savings is with an unexpected company.

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