It’s hard to believe, but 70% of consumers kept their policy with the same company for well over three years, and about 40% of consumers have never even shopped around for lower-cost coverage. With the average premium in North Carolina being $976, drivers could save almost 10% a year by just shopping around, but they don’t want to take the time to compare rate quotes online.
It takes a little time, but the best way to find low-cost prices for Volvo V60 insurance is to compare prices annually from insurers that sell auto insurance in Raleigh. Drivers can shop around by following these guidelines.
Step 1: Try to understand how insurance works and the modifications you can make to prevent expensive coverage. Many policy risk factors that increase rates such as traffic violations and a bad credit score can be rectified by making minor changes to your lifestyle.
Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers. Compare rates
Step 3: Compare the new rate quotes to your current policy premium and determine if there is any savings. If you find a lower rate, make sure there is no lapse in coverage.
Step 4: Notify your company or agent of your intention to cancel your current coverage and submit payment and a completed application for the new coverage. As soon as you receive it, put the certificate verifying proof of insurance somewhere easily accessible.
One important bit of advice is to make sure you enter identical deductibles and limits on every quote request and and to get rate quotes from as many different companies as possible. Doing this guarantees a fair rate comparison and the most accurate and complete price analysis.
If you have insurance now or just want cheaper coverage, use these cost-cutting techniques to get lower rates and possibly find even better coverage. Getting quotes for the best-priced insurance in Raleigh is not as hard as you may think. Drivers just need to know the quickest way to shop their coverage around online.
Compare Raleigh Volvo V60 insurance price quotes online
All the larger car insurance companies like GEICO, State Farm and Progressive give coverage prices direct online. This process is pretty painless because it’s just a matter of typing in your required coverages into the form. After you complete the form, their rating system automatically orders your driving and credit reports and gives you a price quote.
Getting online rates for Volvo V60 insurance in Raleigh makes it simple to compare prices and it’s very important to perform this step if you are searching for the lowest payment possible.
If you want to use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend you replicate your coverages as close as possible to your current policy. Doing this assures you will have a rate comparison based on identical coverages.
The companies shown below provide comparison quotes in Raleigh, NC. To get cheap auto insurance in Raleigh, NC, we recommend you get rate quotes from several of them to get the best price comparison.
Insurance is an important decision
Despite the high insurance cost for a Volvo V60 in Raleigh, insuring your vehicle is mandatory in North Carolina but it also protects more than you think.
- Almost all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your Volvo V60, most lenders will require you to have insurance to guarantee payment of the loan. If you default on your policy, the lender may insure your Volvo at a much higher premium rate and force you to pay the higher premium.
- Insurance safeguards both your assets and your Volvo. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay for a defense attorney if you cause an accident and are sued. If mother nature or an accident damages your car, your insurance policy will cover the repair costs.
The benefits of buying enough insurance are without a doubt worth the cost, especially if you ever need it. On average, a vehicle owner in Raleigh is overpaying over $830 a year so smart consumers compare quotes once a year at a minimum to help ensure money is not being wasted.
Volvo V60 Insurance Premiums Can Be Lower
Lots of things are taken into consideration when pricing auto insurance. Most are fairly basic such as your driving record, but other criteria are not quite as obvious such as your marital status and annual miles driven.
Shown below are some of the factors utilized by car insurance companies to help set your premiums.
A good credit rating can save money – Having a good credit score can be a huge factor in determining your rates. If your credit score is low, you could potentially save money when insuring your Volvo V60 by taking the time to improve your credit score. People with excellent credit tend to be better risks to insure than drivers who have worse credit.
Consolidate and save – The majority of insurers will award discounts to people that purchase more than one policy in the form of a multi-policy discount. Discounts can add up to 10 percent or more. Even if you qualify for this discount already, drivers will still want to compare other Raleigh V60 insurance rates to help ensure you have the lowest rates.
Getting married can save on auto insurance – Getting married actually saves money on your auto insurance bill. Marriage usually means you are more stable financially and statistics prove married drivers get in fewer accidents.
Better rates for uninterrupted coverage – Allowing your auto insurance policy to lapse can be a sure-fire way to trigger a rate increase. And not only will insurance be more expensive, not being able to provide proof of insurance can result in a license revocation or jail time.
Where you call home is a factor – Living in less populated areas of the country is a good thing when buying auto insurance. Fewer drivers translates into fewer accidents. People who live in big cities have more road rage incidents and more time behind the wheel. The longer drive time means a statistically higher chance of an accident.
Can a thief steal your car? – Selecting a car model with a theft deterrent system can help lower your premiums. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent auto theft.
Loss statistics for a Volvo V60 – Auto insurance companies include the past claim trends for vehicles when they set coverage costs for each model. Models that have higher frequency or amount of claims will cost more for specific coverages.
The data below shows the collected loss data for Volvo V60 vehicles. For each coverage type, the loss probability for all vehicles, regardless of make or model, is set at 100. Percentage numbers below 100 mean the vehicle has better than average losses, while percentages above 100 indicate frequent claims or an increased chance of larger losses than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Volvo V60 2WD||68||53|
|Volvo V60 4WD||136||75|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What insurance coverages do I need?
Always keep in mind that when comparing proper insurance coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s.
For example, these questions may help highlight if your insurance needs will benefit from professional help.
- Is a fancy paint job covered?
- Is my Volvo V60 covered for flood damage?
- Is a new car covered when I drive it off the dealer lot?
- What should my uninsured motorist coverage limits be in North Carolina?
- Which companies will insure me after a DUI?
- When does my teenage driver need to be added to my policy?
- Can I drive in Mexico and have coverage?
- Do I have ACV or replacement cost coverage?
- Does my personal policy cover me when driving out-of-state?
If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.
Don’t give up on affordable premiums
There are still a few companies who may not offer rates over the internet and most of the time these regional insurance providers sell through independent agents. Low-cost Volvo V60 insurance in Raleigh can be bought online as well as from independent agents in Raleigh, and you should be comparing both to have the best selection.
As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where an insured cut uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. The aim is to purchase a proper amount of coverage for the lowest price and still be able to protect your assets.
Drivers who switch companies do it for a variety of reasons including an unsatisfactory settlement offer, policy cancellation, being labeled a high risk driver or policy non-renewal. It doesn’t matter what your reason, finding a great new company is actually quite simple.
More learning opportunities
- Frontal Crash Tests (iihs.org)
- What Car Insurance is Cheapest for a Toyota 4Runner in Raleigh? (FAQ)
- Who Has Cheap Auto Insurance for Teenage Females in Raleigh? (FAQ)
- Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Raleigh? (FAQ)
- How Much are Car Insurance Rates for Teenagers in Raleigh? (FAQ)
- What Auto Insurance is Cheapest for Real Estate Agents in Raleigh? (FAQ)
- Teen Driving and Texting (State Farm)
- Safety Belts FAQ (iihs.org)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)