2021 Volvo S60 Insurance Cost in 2024

Locating low-cost insurance for a new or used Volvo S60 could be a painful process, but you can follow a few tricks to make it easier. There is a right way and a wrong way to compare insurance coverage rates so you’re going to learn the quickest way to compare rates for a new or used Volvo and locate the best price possible.

It’s a good idea to get comparison quotes quite often because insurance coverage rates are constantly changing. Despite the fact that you may have had the best rate on S60 coverage two years ago a different company probably has better prices today. Block out anything you think you know about insurance coverage because you’re going to get a crash course in one of the easiest ways to properly buy coverages and cut your premium.

If you have a policy now or need a new policy, you can follow these tips to find the best rates while maintaining coverages. Finding cheaper coverage is quite easy. Drivers just need to know the proper methods to get comparison rates online.

Free car insurance rate quotes

Many insurance companies allow you to get prices for coverage direct online. Doing online quotes is pretty easy because you just enter the amount of coverage you want on the page. When the form is submitted, their rating system pulls your driving record and credit report and generates a price.

Quoting online makes comparing rates easy, but the work required to visit many different websites and complete many quote forms can be a bit repetitive. Unfortunately, it is important to get many rate quotes if you want to find the best price on car insurance.

The better way to compare rates

A more efficient way to get multiple rate quotes uses one simple form to get prices from several companies at one time. The form is fast, requires much less work on your part, and makes price shopping online a lot less work. Immediately after you send the form, your coverage is rated and you can select any or none of the price quotes you receive. If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. This process just takes a couple of minutes and you will know how your current rates stack up.

To save time and find out if lower rates are available, simply enter your zip code here and enter your vehicle and coverage information. To compare your current rates, we recommend you duplicate the limits and deductibles just like they are on your policy. Using the same limits helps guarantee you will be getting rate quotes using the same coverage and limits.

Get cheaper insurance quotes with discounts

Some companies do not list every discount they offer in a way that’s easy to find, so we took the time to find both the well known and also the lesser-known credits that may apply to you. If you’re not getting every credit available, you’re just leaving money on the table.

• Homeowners Discount – Just being a homeowner can get you a discount since home ownership shows financial diligence.
• Defensive Driver Discounts – Successfully completing a defensive driving course is a good idea and can lower rates if you qualify.
• Telematics Data – Drivers that enable driving data submission to scrutinize where and when they drive by using a small device installed in their vehicle such as Progressive’s Snapshot could save a few bucks if they exhibit good driving behavior.
• Seat Belt Discounts – Using a seat belt and requiring all passengers to fasten their seat belts could cut 10% or more off the PIP or medical payment premium.
• Organization Discounts – Being a member of certain professional organizations is a good way to get lower rates when getting a insurance coverage quote.
• E-sign Discounts – A few insurance companies will discount your bill up to fifty bucks simply for signing on their website.
• Lower Rates for Military – Being on active duty in the military could mean lower prices.
• Save with a New Car – Adding a new car to your policy can save you some money because new vehicles keep occupants safer.

Consumers should know that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as medical payments or collision. So even though you would think all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

Larger insurance companies and their offered discounts are included below.

• State Farm may offer discounts for anti-theft, driver’s education, Drive Safe & Save, good driver, good student, and passive restraint.
• Progressive offers discounts including multi-policy, online signing, online quote discount, good student, and multi-vehicle.
• Travelers discounts include student away at school, hybrid/electric vehicle, early quote, save driver, multi-policy, and home ownership.
• American Family may have discounts that include TimeAway discount, bundled insurance, air bags, defensive driver, multi-vehicle, and good driver.
• Liberty Mutual offers discounts for newly retired, safety features, preferred payment discount, good student, and teen driver discount.

If you need lower rates, check with each insurance company which discounts they offer. Some of the discounts discussed earlier may not apply in your area. For a list of insurance companies that offer many of these discounts, enter your zip code here.

Tailor your insurance coverage to you

When buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different.

These are some specific questions may help highlight whether you may require specific advice.

• Why am I required to get a high-risk car insurance policy?
• Do all my vehicles need collision coverage?
• Should I carry comprehensive and collision coverage?
• Do I need more liability coverage?
• Do I need medical payments coverage since I have good health insurance?
• Is my 2021 Volvo S60 covered for flood damage?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete your zip code. It’s fast, free and can provide invaluable advice.

Insurance policy specifics

Having a good grasp of your insurance policy can be of help when determining the best coverages for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as hospital visits, funeral costs, ambulance fees, doctor visits and pain medications. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision protection

This coverage pays for damage to your S60 from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole, backing into a parked car and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive protection

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, a tree branch falling on your vehicle and vandalism. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured or underinsured coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Volvo S60.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Liability auto insurance

Liability insurance can cover injuries or damage you cause to a person or their property. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, 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 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged property.

Liability coverage protects against things such as repair bills for other people’s vehicles, bail bonds, funeral expenses and loss of income. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.