Save Money on Volvo S80 Insurance in San Jose

It’s shocking but nearly 70% of drivers kept their policy with the same company for well over three years, and almost 40% of drivers have never even compared rates from other companies. California drivers can save up to 35% each year by just comparing rate quotes, but they just don’t understand the large savings they would see if they changed companies.

If saving money is your primary concern, then the best way to find affordable Volvo S80 insurance is to compare quotes once a year from insurers in San Jose. This can be done by completing these steps.

First, learn about auto insurance and the measures you can take to prevent expensive coverage. Many risk factors that are responsible for high rates such as at-fault accidents and a bad credit rating can be controlled by improving your driving habits or financial responsibility. Later in this article we will cover more ideas to help find cheaper rates and earn a bigger discount.

Second, quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can provide price quotes from multiple insurance companies.

Third, compare the new rate quotes to your existing coverage and determine if there is any savings. If you find a better price, make sure there is no lapse in coverage.

Fourth, provide notification to your current agent or company of your decision to cancel your existing policy and submit the completed application along with a down payment for the new coverage. Immediately keep the new certificate of insurance in an easily accessible location.

The critical component of shopping around is to use similar deductibles and liability limits on every quote and and to get price quotes from every company you can. This guarantees an apples-to-apples comparison and a complete price analysis.

Just keep in mind that having more price comparisons increases the chance that you will find more affordable insurance.

The companies shown below have been selected to offer quotes in California. If several companies are displayed, it’s a good idea that you visit several of them to find the cheapest auto insurance rates.

Coverage information

The rate information shown below showcases a range of coverage costs for Volvo S80 models. Having a better understanding of how prices are calculated is important for you to make informed decisions when comparing rate quotes.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Prices do not factor in vehicle garaging location which can affect coverage prices greatly.

Policy deductible comparison

When buying auto insurance, a common question is which deductibles should you choose. The data tables below may aid in understanding how much more rates are between high and low coverage deductibles. The first data table uses a $250 deductible and the second rate table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price information does not factor in zip code location which can lower or raise auto insurance rates significantly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you roughly $41 more each month or $492 a year across all Volvo S80 models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 18 months between claims, you would save more money going with the higher deductible. The table below shows an example of how you can make your own decision.

One important note is that a higher deductible means you pay more out-of-pocket at claim time. You need to have some savings in order to pay the deductible for vehicle repair.

Car insurance just makes sense

Even though it’s not necessarily cheap to insure a Volvo in San Jose, insuring your vehicle is most likely required but also gives you several important benefits.

First, the majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you took out a loan on your Volvo S80, more than likely the lender will require that you have full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank will be required to insure your Volvo at a much higher rate and force you to pay for the expensive policy.

Third, car insurance protects not only your Volvo but also your assets. Insurance will also pay for medical expenses that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are named as a defendant in an auto accident. If your Volvo gets damaged, your policy will pay to repair the damage minus the deductible amount.

The benefits of insuring your S80 are definitely more than the cost, specifically if you ever have a liability claim. But the average driver in California is overpaying over $810 a year so we recommend shopping around once a year at a minimum to help ensure money is not being wasted.

How to Lower Your Insurance Rates

Lots of things are used in the calculation when premium rates are determined. Some factors are common sense like an MVR report, but others are less apparent like where you live or your vehicle rating. A large part of saving on auto insurance is knowing a few of the rating criteria that help calculate your auto insurance rates. If you have a feel for what determines premiums, this helps enable you to make changes that can earn you big savings.

Vocation and insurance premiums – Did you know that where you work can have an impact on rates? Careers such as lawyers, air traffic controllers, and financial analysts generally pay higher rates than average because of high stress and incredibly demanding work hours. Conversely, careers such as farmers, historians and performers pay the least.

Advanced GPS tracking and theft deterrents – Owning a car with advanced anti-theft systems can get you a discount on your auto insurance. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.

Know your vehicle’s NHTSA crash test rating – Cars with high safety ratings cost less to insure. These vehicles reduce occupant injuries and fewer injuries translates into fewer and smaller insurance claims and thus lower rates.

If you don’t need it don’t buy it – Policies have extra add-on coverages that can add up if you aren’t careful. Coverage for things like roadside assistance, accident forgiveness, and extra equipment coverage are examples of these. They may seem good at first, but your needs may have changed so eliminate the coverages to reduce your premium.

How much liability coverage – The liability coverage on your policy is the protection in the event that you are determined to be liable for causing damage or personal injury in an accident. It will provide for a legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should carry high limits.

Traffic violations hurt – Getting just one citation can increase the cost of insurance twenty percent or more. Good drivers get better rates than people who have multiple driving citations. People who have careless citations such as reckless driving or DUI may face state-mandated requirements to complete a SR-22 with the DMV in their state in order to drive a vehicle legally.

The example below demonstrates how citations and at-fault claims influence Volvo S80 premium costs for each different age category. The information is based on a single male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.

Is insurance cheaper for men or women? – Statistics demonstrate that females take fewer risks when driving. However, this does not mean females are better drivers. They both have auto accidents in similar percentages, but the male of the species get into accidents with more damage. Not only that, but men also get cited for more serious violations like DUI and reckless driving.

The example below illustrates the difference between Volvo S80 annual premium costs for male and female drivers. The premiums are based on no claims or violations, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Compare rates if you bundle your policies – Many auto insurance companies apply a discount to policyholders who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you already get this discount, you may still want to compare Volvo S80 rates in San Jose to ensure the best deal. It’s possible to still save more without the discount even if you have your coverage with different companies

Volvo S80 insurance loss probability – Companies analyze past claim statistics when they calculate premium rates for each model. Models that historically have higher claim frequency or loss amount will have higher premium rates. The information below illustrates the compiled insurance loss statistics for Volvo S80 vehicles.

For each policy coverage type, the statistical loss for all vehicles averaged together is equal to 100. Values below 100 represent a good loss history, while values over 100 point to more losses or an increased likelihood of larger losses.

Which policy gives me the best coverage?

When quoting and choosing your policy for your personal vehicles, there is no single plan that fits everyone. Your financial needs are unique.

These are some specific questions could help you determine whether your personal situation will benefit from professional help.

• When would I need additional glass coverage?
• Which is better, split liability limits or combined limits?
• How much liability do I need to cover my assets?
• Do I need rental car coverage?
• Exactly who is provided coverage by my policy?
• Am I covered when driving in Canada or Mexico?
• At what point should I drop full coverage?
• What is medical payments coverage?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, complete this form.

In conclusion

Consumers who switch companies do it for a number of reasons such as policy non-renewal, policy cancellation, delays in paying claims and lack of trust in their agent. Regardless of your reason for switching companies, choosing a new insurance company can be easy and end up saving you some money.

Some insurance companies do not offer the ability to get a quote online and most of the time these regional carriers provide coverage only through independent agents. More affordable insurance in San Jose can be bought online and from local insurance agents, and you should compare rates from both to have the best rate selection.

You just read many ideas to get a better price on Volvo S80 insurance in San Jose. The key thing to remember is the more companies you get premium rates for, the better your comparison will be. Consumers could even find that the lowest car insurance rates come from some of the lesser-known companies.

To read more, take a look at the following helpful articles:

• Should I Buy a New or Used Car? (Allstate)
• How Much is Auto Insurance for High School Students in San Jose? (FAQ)
• What Car Insurance is Cheapest for Drivers Over Age 50 in San Jose? (FAQ)
• Who Has the Cheapest San Jose Car Insurance Rates for a Toyota Corolla? (FAQ)
• Who Has Cheap Auto Insurance Rates for Low Mileage Drivers in San Jose? (FAQ)
• Teen Driver Licensing Information (iihs.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)