How to Compare Riverside Volvo S40 Insurance

Are you doing reasearch to find cheaper car insurance rates in Riverside, CA? Riverside buyers have a choice when searching for the best price on Volvo S40 insurance. They can either spend hours driving around getting price quotes or use the internet to make rate comparisons. There are more efficient ways to find car insurance online so we’re going to tell you the absolute fastest way to compare rates for a new or used Volvo and find the lowest price from both online companies and Riverside agents.

Insurance for Volvo S40It’s shocking but almost 70% of drivers kept their coverage with the same car insurance company for a minimum of four years, and practically 40% of car insurance customers have never taken the time to shop around. Riverside drivers can cut their rates by almost $500 a year, but they don’t know the actual amount they would save if they replace their high priced policy.

Smart consumers take time to price shop coverage yearly since insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best rates on Volvo S40 insurance in Riverside two years ago you can probably find a better rate quote now. Forget all the misinformation about car insurance because we’re going to demonstrate one of the best ways to find the best coverage while lowering your premiums.

You Can Change Your Insurance Costs

Many things are used when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but others are more transparent like your continuous coverage and annual miles driven.

Shown below are a partial list of the pieces used by insurance companies to determine prices.

Facts and figures for Volvo S40 insurance

The data table displayed below outlines detailed analysis of insurance costs for Volvo S40 models. Learning a little about how insurance rates are established is important to be able to make decisions on the best policy to buy.

Volvo S40 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $270 $536 $500 $30 $150 $1,486 $124
S40 T5 $270 $536 $500 $30 $150 $1,486 $124
S40 T5 AWD R-Design $270 $536 $500 $30 $150 $1,486 $124
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Table data does not factor in specific location information which can lower or raise rates substantially.

An analysis of deductible level

One frequently asked question is how high should your deductibles be. The tables below sum up the costs and benefits when you buy lower versus higher deductibles. The first price estimate table uses a $100 deductible for physical damage and the second price table uses a $1,000 deductible.

Volvo S40 insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $430 $810 $442 $26 $132 $1,865 $155
S40 T5 $430 $810 $442 $26 $132 $1,865 $155
S40 T5 AWD R-Design $430 $810 $442 $26 $132 $1,865 $155
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Volvo S40 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
S40 2.4I $238 $426 $442 $26 $132 $1,264 $105
S40 T5 $238 $426 $442 $26 $132 $1,264 $105
S40 T5 AWD R-Design $238 $426 $442 $26 $132 $1,264 $105
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in your specific Riverside location which can raise or lower rates greatly.

Based on these figures, using a $100 deductible will cost you about $50 more each month or $600 each year across all Volvo S40 models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 18 months between claims, you would probably come out ahead if you opt for a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $155
Average monthly premium for $1,000 deductibles (subtract): – $105
Monthly savings from raising deductible: $50
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $50
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

The diagram below demonstrates how deductible levels and can raise or lower Volvo S40 insurance prices for each different age category. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Auto insurance rates based on gender in Riverside

The diagram below shows the difference between Volvo S40 insurance prices for male and female drivers. The premiums are based on no claims or driving violations, full coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.

Volvo S40 liability-only versus full coverage

The diagram below shows the difference between Volvo S40 insurance prices with full coverage compared to only the California minimum liability coverage. The premiums assume a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no specific rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general school of thought. 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 pretend your Volvo S40 book value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after the policy deductible has been paid. If you are paying over $700 a year for full coverage, then it could be time to drop full coverage.

There are a few situations where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Car insurance policy discounts for Volvo S40 insurance in Riverside

Insuring your fleet can be pricey, but you may qualify for discounts that you may not even know about. Many of these discounts will be applied automatically when you complete an application, but some may not be applied and must be asked for in order for you to get them.Save money with discounts

You can save money using discounts, but most discounts do not apply to the whole policy. Most only apply to individual premiums such as collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, you aren’t that lucky.

The information below shows the comparison of Volvo S40 car insurance costs with and without some available policy discounts. The information is based on a male driver, a clean driving record, no at-fault accidents, 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 marriage, homeowner, multi-policy, multi-car, claim-free, and safe-driver discounts applied.

If you would like to choose from a list of car insurance companies with significant discounts in Riverside, follow this link.

Don’t give up on cheaper rates

Low-cost Volvo S40 insurance in Riverside is definitely available both online and from local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies do not offer rate quotes online and most of the time these smaller companies prefer to sell through independent insurance agencies.

When buying insurance coverage, do not skimp on coverage in order to save money. In too many instances, an insured cut liability limits or collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage for the lowest cost, not the least amount of coverage.

Consumers leave their current company for many reasons like denial of a claim, being labeled a high risk driver, extreme rates for teen drivers and even high prices. It doesn’t matter why you want to switch finding a new company is not as difficult as it may seem.

How to find low-cost rates for Volvo S40 insurance in Riverside

Really, the only way to get cheaper Volvo S40 insurance is to regularly compare quotes from companies who can sell car insurance in Riverside.

The most important part of this process is to use the same physical damage deductibles and liability limits on every price quote and and to get prices from as many carriers as you can. This ensures a fair price comparison and a complete selection of prices.

More detailed car insurance information is located by following these links: