Compare Volvo XC70 Insurance Rate Quotes in Louisville

Insurance quote for Volvo XC70 in LouisvilleTrying to find better insurance prices for a new or used Volvo XC70 in Kentucky can be a painful process, but you can learn a few tricks and make it easy. There are both good and bad ways to compare car insurance rates and you need to know the quickest way to get price quotes for a new or used Volvo and locate the cheapest rates either online or from Louisville insurance agents.

You need to price shop coverage on a regular basis because car insurance prices are constantly changing. Even if you got the best deal on Volvo XC70 insurance in Louisville last year a different company probably has better premium rates today. You’ll find quite a bit of inaccurate information about XC70 insurance out there, but I’m going to show you some guaranteed methods to slash your car insurance rates in Louisville.

If you have coverage now or are looking for a new policy, you can learn to buy cheaper auto insurance without reducing coverage. Finding the cheapest coverage in Louisville is not as confusing as people think. Drivers only need to know the proper methods to compare price quotes on the web.

Five factors that influence insurance costs

A large part of saving on insurance is knowing the rating factors that are used to determine your insurance rates. When you understand what influences your rates, this allows you to make good choices that may result in better insurance rates. Lots of things are used when quoting car insurance. Some are pretty understandable such as traffic violations, although others are more obscure such as whether you are married or how financially stable you are.

The itemized list below are some of the major factors used by insurance companies to determine your rates.

File insurance claims and pay more – Insurance companies in Kentucky award lower rates to policyholders who do not file claims often. If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Your insurance policy is designed for larger claims.

Older drivers save more – Inexperience drivers tend to be inattentive and easily distracted in a vehicle therefore insurance rates are much higher. Parents adding a teenage driver onto your insurance will cause a huge premium hike. Mature drivers have been proven to be more responsible, tend to cause fewer accidents, and are safer drivers.

The chart below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Accidents drive up rates – How you drive has a huge affect on how much you pay. Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Even one driving citation could increase your next policy renewal substantially. Drivers who have gotten careless citations like DUI, reckless driving or excessive speeding may find they need to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to continue driving.

The information below shows how speeding tickets and accident claims influence Volvo XC70 insurance costs for different age groups. The prices are based on a single male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Why do you need liability insurance? – Liability insurance will provide protection when you are responsible for causing damage or personal injury in an accident. It will provide you with a defense in court which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to comp and collision, so drivers should carry high limits.

Never let your insurance policy expire – Allowing your coverage to lapse is a sure-fire way to increase your renewal premiums. Not only will you pay more, not being able to provide proof of insurance may earn you a fine, jail time, or a revoked license.

Insurance loss statistics a Volvo XC70 – Insurance companies use data from past claims to calculate a price that will offset any claims. Models that the data determines to have higher claim amounts or frequency will be charged more to insure.

The next table illustrates the actual insurance loss data for Volvo XC70 vehicles. For each coverage category, the statistical loss for all vehicles, regardless of make or model, is set at 100. Values under 100 indicate better than average losses, while percentages above 100 point to more losses or an increased chance of larger losses than average.

Volvo XC70 Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Volvo XC70 Station Wagon 2WD 69
Volvo XC70 Station Wagon 4WD 79 70 94 45

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

Auto insurance statistics for a Volvo XC70

The premium information shown below covers different coverage prices for Volvo XC70 models. Having a better understanding of how insurance policy rates are figured is important for you to make smart choices when choosing a car insurance company.

Volvo XC70 Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $294 $404 $484 $28 $144 $1,354 $113
XC70 T6 AWD 4-Dr $294 $466 $484 $28 $144 $1,416 $118
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in specific zip code location which can lower or raise rates greatly.

Choosing deductibles

When comparing auto insurance rates, the most common question is which deductibles should you choose. The comparison tables below lay out the rate differences when you select higher and lower physical damage coverage deductibles. The first table uses a $100 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Volvo XC70 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $354 $598 $368 $22 $110 $1,477 $123
XC70 T6 AWD 4-Dr $354 $688 $368 $22 $110 $1,567 $131
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Volvo XC70 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $196 $316 $368 $22 $110 $1,012 $84
XC70 T6 AWD 4-Dr $196 $362 $368 $22 $110 $1,058 $88
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Information does not factor in your specific Louisville location which can change price quotes considerably.

We can derive from the above data that using a $100 deductible costs approximately $41 more each month or $492 every year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 22 months between claim filings, you would probably come out ahead going with the higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $127
Average monthly premium for $1,000 deductibles (subtract): – $86
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

The information below illustrates how choosing a deductible and can increase or decrease Volvo XC70 insurance premiums for different insured age categories. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Discount Louisville car insurance quotes

Not too many consumers would say car insurance is affordable, but there’s a good chance there are discounts that could help you make your next renewal payment. Some discounts will apply when you complete an application, but a few must be manually applied before you get the savings. If you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.Discount car insurance

Remember that many deductions do not apply to the whole policy. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So even though you would think it’s possible to get free car insurance, it doesn’t quite work that way.

The chart below shows the comparison of Volvo XC70 insurance rates with and without policy discounts. The premium estimates are based on a male driver, no claims or driving citations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, multi-policy, safe-driver, and claim-free discounts applied.

If you would like to view insurers that offer the discounts shown above in Kentucky, click here.

Persistence is the key to cheap rates

The cheapest Volvo XC70 insurance in Louisville is available from both online companies and from local agencies, so you need to quote Louisville auto insurance with both in order to have the best chance of saving money. There are still a few companies who do not offer rate quotes online and many times these small, regional companies prefer to sell through independent insurance agencies.

In this article, we covered quite a bit of information on how to reduce Volvo XC70 insurance rates online in Louisville. The key concept to understand is the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. You may even discover the lowest rates are with a smaller regional carrier. These companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm or Progressive.

How to buy affordable Volvo XC70 insurance in Louisville

If saving money is your primary concern, then the best way to find lower priced Volvo XC70 insurance in Louisville is to compare quotes annually from insurance carriers that insure vehicles in Kentucky. Rates can be compared by completing these steps.

An important part of this process is to make sure you’re comparing the same amount of coverage on each price quote and to quote with as many companies as you can. Doing this provides a fair price comparison and the best price selection.

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