Top 9 Ways to Pay Less on Volvo 245 Insurance

I can’t think of anyone who looks forward to buying car insurance, especially when they are paying too much.

Because you have many companies and agents to choose from, it can be impossible to locate the best insurer.

Policy discounts you shouldn’t miss

Insuring your vehicles can cost a lot, but you can get discounts to cut the cost considerably. Most are applied when you get a quote, but some may not be applied and must be requested specifically prior to getting the savings.

• Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase auto and life insurance together.
• Accident Waiver – Some insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a set time period.
• E-sign – A handful of insurance companies give back up to $50 for buying a policy and signing up over the internet.
• Discount for Good Grades – Performing well in school can get you a discount of up to 25%. The discount lasts well after school through age 25.
• College Student – Youth drivers living away from home attending college and don’t have a car may be able to be covered for less.
• Defensive Driving Course – Taking part in a course in driver safety could save 5% or more depending on where you live.
• Memberships – Participating in certain professional organizations could qualify you for a break when buying car insurance on 245 insurance.
• Drive Less and Save – Low mileage vehicles can earn discounted rates on garaged vehicles.
• Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.

It’s important to understand that most credits do not apply the the whole policy. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you could get a free car insurance policy, it just doesn’t work that way. Any qualifying discounts will reduce your overall premium however.

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

Insurance agents can help

When it comes to buying coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Every situation is different so your insurance needs to address that. For example, these questions may help you determine whether or not you may require specific advice.

• Is my dog or cat covered if injured in an accident?
• Can I drive in Mexico and have coverage?
• Exactly who is provided coverage by my policy?
• What happens if I owe more than my Volvo 245 is worth?
• Will my rates increase for filing one claim?
• Does my policy pay for OEM or aftermarket parts?
• Is my cargo covered for damage or theft?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Slick advertising tricks that work

Companies like State Farm and Allstate constantly bombard you with ads on television and other media. All the ads make an identical promise of big savings if you switch your policy. But how can every company make almost identical claims? This is how they do it.

Different companies have a certain “appetite” for the type of driver that makes them money. For example, a profitable customer might be profiled as between the ages of 30 and 50, a clean driving record, and drives newer vehicles. Any driver that hits that “sweet spot” will qualify for the lowest rates and most likely will cut their rates substantially.

Drivers who do not match this ideal profile must pay a more expensive rate which leads to business not being written. The ads say “people who switch” not “everybody who quotes” save money. That’s the way insurance companies can make the claims of big savings.

This illustrates why drivers should get a wide range of price quotes. It’s impossible to know which company will fit your personal profile best.

Specifics of your car insurance policy

Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types available from car insurance companies.

UM/UIM Coverage

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Volvo 245.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for immediate expenses such as surgery, nursing services and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Collision protection

This covers damage to your 245 caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a building, backing into a parked car and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, vandalism, theft and hitting a bird. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability auto insurance

Liability insurance will cover injuries or damage you cause to people or other property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as structural damage, court costs and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

More effort can pay off

Lower-priced Volvo 245 insurance can be found online and with local insurance agents, so compare prices from both to get a complete price analysis. There are still a few companies who do not offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

Throughout this article, we presented some good ideas how to get a better price on Volvo 245 insurance. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may be surprised to find that the best prices are with the smaller companies. They often have lower prices on specific markets compared to the large companies like Allstate and Progressive.