Best Tricks to Paying Less to Insure a Volvo 740

No one in their right mind cherishes buying auto insurance, especially knowing the cost is too high.

Because you have many choices, it’s nearly impossible to locate the lowest price provider.

It’s important to get comparison quotes before your policy renews because insurance rates change frequently. If you had the lowest price for 740 insurance a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the best methods to find great coverage at a great price.

Buying car insurance is quite easy. Basically, every driver who shops for auto insurance should be able to lower their premiums. But drivers must understand how companies market on the web and take advantage of how the system works.

These factors can influence what you pay for Volvo 740 insurance

Smart consumers have a good feel for some of the elements that play a part in calculating your auto insurance rates. Understanding what controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.

• Credit scores impact auto insurance rates – Having a bad credit rating is a large factor in determining your rates. Drivers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with lower ratings. If your credit history can use some improvement, you could pay less to insure your Volvo 740 by improving your credit score.
• Small claims can cost you – Car insurance companies provide better rates to drivers who do not rely on their insurance for small claims. If you tend to file frequent claims, you can look forward to higher rates. Car insurance is intended to be relied upon for the large, substantial claims.
• Consolidate policies to earn discounts – Most insurers give discounts to customers who consolidate policies with them. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even with this discount, it’s still a good idea to shop around to confirm you are receiving the best rates possible. You may still be able to find better rates by splitting coverages up.
• Lower rates come with age – Teenage drivers tend to be less responsible behind the wheel so auto insurance rates are higher. Having to add a teenage driver to your auto insurance policy can be very expensive. Older drivers tend to be more responsible, statistically cause fewer accidents and receive fewer citations.
• Your spouse saves you money – Having a spouse can actually save you money on your policy. It usually means you are more responsible and statistics show married drivers get in fewer accidents.
• Never let your coverage lapse – Driving without insurance can get your license suspended and as a result your rates will increase for letting your coverage have a gap. Not only will you pay more, failure to provide proof of insurance can result in a steep fine or even jail time.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.

How to Lower Your Auto Insurance Cost

Most major insurance companies give pricing directly from their websites. Getting online quotes is quite simple as you just enter your required coverages as requested by the quote form. When complete, their system pulls credit information and your driving record and returns a price quote based on these factors. Online quotes helps simplify price comparisons, but the work required to visit each company’s website and repetitively type in the same information is not the best way to spend an afternoon. But it’s absolutely necessary to compare as many rates as possible in order to get a lower rate.

There is a better way to compare rates

The smarter way to compare auto insurance pricing makes use of a single form that analyzes rates from several companies at one time. It saves time, reduces the work, and makes rate comparisons a little more enjoyable. After sending your information, it gets priced and you are able to buy any one of the price quotes you receive. If you find a better price you simply finish the application and buy the policy. It takes less than 15 minutes and can result in significant savings.

To find out what other companies charge, click here to open in new window and begin entering your coverage information. If you have your current policy handy, we recommend you enter as shown on your current policy. Doing this assures you will get an apples-to-apples comparison based on identical coverages.

Do auto insurance companies bend the truth?

Auto insurance providers like Progressive, GEICO, Allstate and State Farm regularly use ads in print and on television. They all make an identical promise of big savings if you move your coverage to them. How can each company make almost identical claims? This is how they do it.

All companies can use profiling for the driver that earns them a profit. An example of a profitable customer could be over the age of 40, has no tickets, and has a high credit rating. Any new insured who matches those parameters will get very good rates and most likely will save when switching.

Consumers who don’t qualify for the “perfect” profile will be quoted higher rates which usually ends up with business going elsewhere. The ads state “people who switch” not “everyone that quotes” save that kind of money. That is how companies can state the savings. This emphasizes why you should get a wide range of price quotes. It’s not possible to predict the company that will fit your personal profile best.

Be sure to get all your discounts

Companies don’t always advertise every discount in a way that’s easy to find, so here is a list some of the more common as well as the least known savings tricks you should be using.

• Club Memberships – Being a member of a qualifying organization could qualify you for a break when buying auto insurance for 740 insurance.
• Accident Free – Drivers who don’t have accidents can earn big discounts when compared with drivers who are more careless.
• Multi-car Discount – Having more than one vehicle on one policy can get a discount on all vehicles.
• Drivers Education – Have your child successfully complete driver’s ed class if it’s offered in school.
• Defensive Driver – Completing a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.
• Safe Driver Discount – Insureds without accidents may save up to 50% more for 740 insurance than drivers with accident claims.
• Air Bag Discount – Factory air bags may earn rate discounts of 20% or more.
• College Student – Kids in college who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.
• Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.

It’s important to note that some of the credits will not apply the the whole policy. Most cut specific coverage prices like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

To choose insurance companies who offer auto insurance discounts, follow this link.

Don’t I need to talk to an agent?

Certain consumers would rather talk to a local agent. One of the great benefits of getting online price quotes is you can get the lowest rates and still choose a local agent.

To make it easy to find an agent, after completing this quick form, your information is sent to local insurance agents who will give you bids to get your business. There is no reason to leave your computer because quoted prices will be sent straight to your inbox. How’s that for easy! You can find better rates and a licensed agent to work with.

Choosing an insurer needs to be determined by more than just a low price. Any agent should have no problem answering these questions:

• Do the companies they represent have a solid financial rating?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• What is the agency’s Better Business Bureau rating?
• How much will you save each year by using a higher deductible?
• Is assistance available after office hours?

Independent or Captive: It’s your choice

When finding a reputable insurance agent or broker, there are two types of agencies that differ in how they can insure your vehicles. Agencies are classified as either captive or independent.

Agency Captives

This type of agents have only one company to place business with and some examples include State Farm, AAA and Liberty Mutual. These agents are not able to provide prices from multiple companies so they have to upsell other benefits. These agents are well schooled on their products and sales techniques which helps them compete with independent agents.

Independent Agents

Independent agencies are not employed by any specific company so they have the ability to put coverage amongst many companies and possibly get better coverage at lower prices. If your agent finds better pricing, the agent simply finds a different carrier and you won’t have to switch agencies. When comparison shopping, it’s a good idea to contact multiple independent agents for maximum quote selection.

For a complete listing of insurance agencies, click here.

After getting good answers for all questions you ask and a low price estimate, chances are good that you have found a car insurance agent that meets your needs to provide auto insurance coverage.

Buy online or local, you save

Throughout this article, we presented a lot of techniques to save on Volvo 740 insurance. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced auto insurance comes from some of the smallest insurance companies. These smaller insurers often have lower prices on specific markets than the large multi-state companies such as Allstate and Progressive.

Lower-priced Volvo 740 insurance can be sourced on the web and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice full coverage only to regret at claim time that the small savings ended up costing them much more. Your focus should be to buy a smart amount of coverage at the best price while still protecting your assets.