Compare Volvo XC70 Insurance Rates in Riverside

Discount Volvo XC70 insuranceWe don’t have to point out that fact that car insurance companies don’t want you to look for cheaper rates. Drivers who shop for lower rates are inclined to switch to a new company because there is a good chance of finding a more affordable policy premium. A recent survey discovered that drivers who compared rates annually saved about $3,450 over four years compared to other drivers who never compared prices.

If finding the lowest price for Volvo XC70 insurance in Riverside is your goal, knowing how to find and compare insurance premiums can help simplify the task of finding more affordable coverage.

If saving money is your primary concern, then the best way to get cheaper car insurance rates in Riverside is to regularly compare prices from providers who can sell car insurance in California.

Step 1: Try to comprehend how insurance works and the things you can control to keep rates in check. Many policy risk factors that cause rate increases such as speeding tickets, accidents and bad credit can be amended by being financially responsible and driving safely.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive and State Farm, while independent agents can provide prices from many different companies. View prices

Step 3: Compare the new quotes to your current policy and determine if cheaper XC70 coverage is available. If you find a better price, make sure there is no coverage gap between policies.

Step 4: Give notification to your agent or company of your intent to cancel the current policy and submit payment along with a signed and completed policy application to your new company or agent. As soon as you can, store the certificate verifying proof of insurance in an easily accessible location in your vehicle.

A good tip to remember is that you’ll want to compare similar coverage information on each price quote and to quote with every insurance company. This enables an accurate price comparison and the best price selection.

Locating the best rates in Riverside is actually very simple if you learn how to start. Virtually every driver who buys insurance will find a lower-cost policy. Nevertheless, California car owners do need to know how the larger insurance companies determine how much to charge because rates fluctuate considerably.

Five Tips to Get Cheap Riverside Insurance Prices

A large part of saving on auto insurance is knowing some of the elements that help determine the level of your policy premiums. If you know what determines base rates, this enables informed choices that will entitle you to much lower annual insurance costs.

The factors shown below are some of the things utilized by car insurance companies to help set your prices.

Be proud to be claim-free – If you tend to file frequent claims, you can expect much higher rates or policy non-renewal. Auto insurance companies in California give cheaper rates to policyholders who are claim-free. Insurance coverage is meant to be used in the event of claims that you cannot pay yourself.

Excellent credit equals lower rates – A driver’s credit score can be an important factor in determining what you pay. Drivers who have excellent credit tend to file fewer claims and have better driving records than those with poor credit scores. If your credit leaves room for improvement, you could pay less to insure your Volvo XC70 by improving your rating.

More performance means more cost – The performance level of the vehicle you need to insure makes a huge difference in determining your rates. Small economy passenger cars receive the most favorable rates, but many other things help determine your insurance rates.

The following chart uses these assumptions: married female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Volvo XC70 car insurance rates compared to other models of vehicles that have different performance rating factors.

Save money by having multiple policies – Most larger insurers will give a discount to insureds who consolidate policies with them, otherwise known as a multi-policy discount. The discount can be five, ten or even twenty percent. Even if you’re getting this discount it’s always a smart idea to compare Volvo XC70 rates in Riverside to help ensure you have the lowest rates.There is a chance you can save more without the discount by splitting coverages up.

Only buy coverage you need – There are quite a few additional extra coverages you can purchase if you aren’t careful. Coverages like vanishing deductibles, towing coverage, and motor club memberships may be wasting your money. The coverages may be enticing when buying your policy, but if they’re wasting money consider taking them off your policy.

Insurance loss statistics a Volvo XC70 – Insurers analyze claim trends for every vehicle to help calculate a profitable premium rate. Models that are shown to have a trend towards higher claim severity or frequency will cost more to insure.

The table below demonstrates the compiled insurance loss statistics for Volvo XC70 vehicles. For each policy coverage type, the claim amount for all vehicles averaged together is considered to be 100. Values below 100 mean the vehicle has better than average losses, while percentages above 100 indicate more frequent losses or tendency to have higher losses.


Car Insurance Loss Data for Volvo XC70 Models
Specific Volvo 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Rates and statistics

The information displayed next outlines different insurance policy prices for Volvo XC70 models. Understanding how auto insurance premiums are formulated helps drivers make informed decisions when comparing rate quotes.


Volvo XC70 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $436 $744 $514 $30 $154 $1,878 $157
XC70 T6 AWD 4-Dr $436 $856 $514 $30 $154 $1,990 $166
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rates do not factor in your specific Riverside location which can decrease or increase premiums substantially.

Should you raise deductibles?

When buying insurance, a common question is how low should you set your deductibles. The figures shown below highlight the rate differences when you choose different insurance deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.


Volvo XC70 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $478 $810 $500 $30 $150 $1,993 $166
XC70 T6 AWD 4-Dr $478 $932 $500 $30 $150 $2,115 $176
Get Your Own Custom Quote Go

Volvo XC70 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $266 $426 $500 $30 $150 $1,372 $114
XC70 T6 AWD 4-Dr $266 $490 $500 $30 $150 $1,436 $120
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rates do not factor in vehicle garaging location which can alter insurance rates greatly.

We can estimate from the data above that using a $100 deductible costs roughly $54 more each month or $648 annually averaged for all XC70 models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 17 months between claim filings, you would most likely save money by selecting a higher deductible.

The chart below illustrates how choosing a deductible and can change Volvo XC70 insurance costs for different age groups. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Volvo XC70 insurance rates: Men versus women

The information below shows the difference between Volvo XC70 insurance rates for male and female drivers. The data assumes no claims or violations, comp and collision included, $500 deductibles, marital status is single, and no discounts are factored in.

Full coverage rates compared to liability-only

The chart below illustrates the comparison of Volvo XC70 auto insurance rates with liability coverage only compared to full coverage. The data is based on no claims, a clean driving record, $1,000 deductibles, single status, and no discounts are taken into consideration.

When to drop comprehensive and collision coverage

There is no clear-cut formula of when to phase out comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s assume your Volvo XC70 replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after paying your deductible. If it’s costing in excess of $600 a year to have full coverage, then it could be time to drop full coverage.

There are some circumstances where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Riverside car insurance discounts

Companies that sell car insurance don’t necessarily list their entire list of discounts very well, so the following is a list of both the well known and also the more inconspicuous car insurance savings.Car insurance discounts

We need to note that most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like adding up those discounts means a free policy, nobody gets a free ride. But all discounts should help reduce your overall premium however.

The information below illustrates the difference between Volvo XC70 car insurance rates with and without discounts applied to the rates. The data assumes a male driver, no accidents or driving violations, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, marriage, safe-driver, multi-car, and homeowner discounts applied.

Popular car insurance companies and their possible discounts are shown below.

Before purchasing a policy, check with every insurance company how you can save money. Depending on the company, some discounts might not apply everywhere. To see insurers that offer the discounts shown above in Riverside, click this link.

Affordable insurance premiums are out there

Consumers switch companies for a number of reasons such as an unsatisfactory settlement offer, unfair underwriting practices, delays in responding to claim requests and even poor customer service. No matter why you want to switch, choosing a new insurance company is actually quite simple.

While you’re price shopping online, it’s very important that you do not sacrifice coverage to reduce premiums. Too many times, someone sacrificed full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible for the lowest price while not skimping on critical coverages.

You just read many ways to lower your Volvo XC70 insurance premium rates in Riverside. The key thing to remember is the more companies you get prices for, the better your chances of lowering your prices. You may even find the best premium rates are with some of the smallest insurance companies.

Much more information about insurance in California is located at these links: