Compare 2020 Volvo S60 Car Insurance Cost in 2024

Are you kicking yourself for buying high-priced insurance? Trust us when we tell you there are many drivers thinking the same thing.

Online insurance companies like GEICO, Farmers Insurance and State Farm all promote huge savings with TV and radio ads and consumers find it hard to see past the corporate glitz and take the time to shop coverage around.

Get cheap car insurance with discounts

Properly insuring your vehicles can get expensive, but companies offer discounts that many people don’t even know exist. Certain credits will be shown when you quote, but some discounts are required to be requested specifically before you will receive the discount.

• Professional Memberships – Being in qualifying clubs or civic groups is a good way to get lower rates on your policy.
• Save over 55 – If you’re over the age of 55, you are able to get reduced rates on S60 coverage.
• Lower Rates for Military – Being deployed in the military may qualify for rate reductions.
• College Student – Kids living away from home attending college and do not have a car may qualify for this discount.
• Home Ownership Discount – Owning your own home or condo may trigger a policy discount on car insurance since owning and maintaining a home requires a higher level of personal finance.

A quick disclaimer, some credits don’t apply to the whole policy. Most cut individual premiums such as liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

Larger car insurance companies and the discounts they provide are shown below.

• State Farm may offer discounts for multiple policy, driver’s education, passive restraint, multiple autos, defensive driving training, and good student.
• GEICO policyholders can earn discounts including daytime running lights, anti-lock brakes, air bags, seat belt use, good student, defensive driver, and emergency military deployment.
• SAFECO may have discounts that include teen safety rewards, bundle discounts, homeowner, anti-lock brakes, anti-theft, and drive less.
• Farmers Insurance offers premium reductions for youthful driver, homeowner, alternative fuel, multi-car, and electronic funds transfer.
• AAA offers discounts including good driver, multi-car, pay-in-full, AAA membership discount, and education and occupation.
• USAA has discounts for safe driver, driver training, military installation, vehicle storage, defensive driver, new vehicle, and loyalty savings.

Before you buy a policy, ask all companies you are considering what discounts are available to you. Some credits may not be available in your area. If you would like to see a list of car insurance companies that provide some of the discounts listed above, enter your zip code here.

Which insurance coverage is cheapest?

There are a variety of methods to compare insurance coverage quotes, but one way is easier and takes less work. You can waste a lot of time driving to agents in your area, or you can utilize online quoting to get the quickest rates.

Most of the larger companies participate in a marketplace that allows shoppers to complete one form, and at least one company can provide price quotes based on that data. This saves time by eliminating quotation requests for each company. To compare rates now enter your zip code here.

The one disadvantage to using this type of system is that you can’t choose the insurers to get pricing from. So if you want to choose from a list of companies to request quotes from, we have a page of insurance coverage companies in your area. Click to enter zip code.

It’s up to you how you get prices quotes, just ensure you are comparing apples-to-apples quote data for each comparison quote. If you are comparing different deductibles it’s impossible to determine which company has the best rates. Even a minor difference in coverages may cause a big price difference. And when price shopping your coverage, comparing more rates from different companies helps you find the best rates. Some insurance companies are not set up to provide rate quotes online, so it’s important to also get price quotes from them, too.

Tailor your car insurance coverage to you

When choosing the right insurance coverage, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions may help highlight if your situation would benefit from an agent’s advice.

• Do I have newly-acquired coverage?
• Are my friends covered when driving my car?
• Do I need higher collision deductibles?
• Will filing a claim cost me more?
• Do I need roadside assistance coverage?
• Why is insurance for a teen driver so high?
• Do I need medical payments coverage since I have good health insurance?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out your zip code.

Coverages available on your insurance policy

Knowing the specifics of your insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for immediate expenses for hospital visits, surgery, prosthetic devices, nursing services and pain medications. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Volvo S60.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverage

This will cover damage that occurs to people or other property. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like medical expenses, medical services and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but buy as large an amount as possible.

Collision insurance

Collision insurance pays for damage to your S60 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like hitting a parking meter, damaging your car on a curb, rolling your car, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, fire damage, falling objects and theft. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

A tidy conclusion

You just learned a lot of techniques to reduce 2020 Volvo S60 insurance rates online. The most important thing to understand is the more quotes you get, the better your comparison will be. Consumers may even find the lowest rates come from a smaller regional carrier. They may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

Lower-priced insurance can be found on the web as well as from insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers may not have rates over the internet and usually these smaller companies only sell through independent agents.