How to Save on Raleigh Volvo C30 Insurance

Insurance for Volvo C30If you want to find the absolute lowest rates, then the best way to get discount Volvo C30 insurance in Raleigh is to regularly compare quotes from companies that sell auto insurance in North Carolina.

Step 1: Spend a few minutes and learn about how companies set rates and the things you can change to prevent expensive coverage. Many factors that result in higher rates such as inattentive driving and a substandard credit history can be eliminated by improving your driving habits or financial responsibility.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like GEICO or Allstate, while independent agents can quote rates from multiple companies.

Step 3: Compare the new rates to the premium of your current policy and determine if there is any savings. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.

The critical component of shopping around is to use the same amount of coverage on every price quote and and to get rate quotes from as many companies as you can. This ensures an apples-to-apples comparison and a better comparison of the market.

A recent auto insurance study revealed that the vast majority of auto insurance customers kept their coverage with the same auto insurance company for at least the last four years, and about 40% of consumers have never compared rates with other companies. Raleigh drivers could save 10% every year by just comparing quotes, but most just don’t grasp the big savings they would realize if they replace their high priced policy.

The fastest way that we advise to compare policy rates for Volvo C30 insurance in Raleigh is to know the fact most larger insurance companies participate in a system to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details like your education level, which vehicles you own, whether or not you need a SR-22, and your job. That information is sent automatically to insurance carriers in your area and they return rate quotes very quickly.

To compare lower-cost Volvo C30 insurance rates now, click here and complete the quick form.

The companies in the list below can provide price quotes in North Carolina. If multiple companies are listed, we recommend you visit several of them in order to find the most affordable rates.

Facts and figures for Volvo C30 insurance

The information below highlights detailed analysis of insurance premium costs for Volvo C30 models. Having a good understanding how insurance premiums are determined can help customers make decisions on which insurance to purchase.

Volvo C30 Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C30 T5 $150 $296 $324 $20 $96 $886 $74
C30 T5 R-Design $170 $348 $324 $20 $96 $958 $80
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in Raleigh location which can alter coverage prices greatly.

An analysis of deductible level

One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The rates below may help you to understand the differences in premium rates between low and high physical damage coverage deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Volvo C30 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C30 T5 $214 $386 $250 $14 $74 $963 $80
C30 T5 R-Design $242 $456 $250 $14 $74 $1,061 $88
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Volvo C30 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C30 T5 $118 $204 $250 $14 $74 $660 $55
C30 T5 R-Design $134 $240 $250 $14 $74 $712 $59
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in specific garaging location which can influence premiums greatly.

We can estimate from the data above that using a $100 deductible costs approximately $27 more each month or $324 every year across all Volvo C30 models than selecting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 33 months between claims, you would most likely save money if you decide on a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $84
Average monthly premium for $1,000 deductibles (subtract): – $57
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

One thing to note is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you have a comprehensive or collision claim. You need to have enough money put aside in order to pay more to get your vehicle repaired.

The information below shows how different deductible levels and can influence Volvo C30 insurance premiums for different ages of insureds. The data is based on a single male driver, comp and collision included, and no discounts are applied to the premium.

Insurance rate increases from tickets or accidents

The chart below illustrates how violations and at-fault fender-benders can raise Volvo C30 premium costs for each age group. The rate quotes are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

Cost of full coverage

The example below shows the comparison of Volvo C30 car insurance costs when comparing full coverage to state minimum liability only. The rates are based on no violations or accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

When to buy liability coverage only

There is no definitive rule to eliminate full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Volvo C30 replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after paying your policy deductible. If you are paying more than $500 a year to have full coverage, then you may need to consider dropping full coverage.

There are some cases where buying only liability insurance is not a good plan. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not drop full coverage.

Why car insurance is not optional

Even though it can be expensive, maintaining insurance is required in North Carolina but it also protects you in many ways.

First, the majority of states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance in order to drive the car. 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.

Second, if you have a lien on your car, it’s most likely the lender will make it a condition of the loan that you have full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender may insure your Volvo at a more expensive rate and force you to pay the higher premium.

Third, car insurance protects both your assets and your Volvo C30. It will also reimburse you for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of an accident. If you have damage to your Volvo as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance definitely exceed the cost, especially when you need to use it. The average driver in America overpays as much as $869 every year so it’s recommended you shop around at least once a year to make sure the price is not too high.

What Determines Volvo C30 Insurance Costs?

Many factors are used in the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, although others are more transparent like your continuous coverage or how financially stable you are.

Protect yourself with liability protection – Your auto insurance policy’s liability coverage kicks in when you are found liable for physical damage or personal injury to other. Your policy’s liability insurance provides you with a defense in court starting from day one. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.

Costs for males may be higher – The statistics show that females tend to be a little less risky than males. However, don’t assume that men are WORSE drivers than women. Both genders cause at-fault accidents in similar percentages, but the men cause more damage. In addition to higher claims, males also receive more major tickets like driving under the influence (DUI). Male teenagers tend to get in the most accidents and are penalized with high auto insurance rates.

The information below compares Volvo C30 annual premium costs for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no discounts are applied to the premium.

Five star safety rating saves money – Vehicles with good safety scores cost less to insure. Highly rated vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates into fewer and smaller insurance claims and thus lower rates. If your Volvo earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.

Does your employer cost you more? – Do you work in a high-stress field? Occupations like judges, police officers, and financial analysts tend to have higher rates than the rest of us attributed to high stress and lots of time spent at work. On the other hand, careers like actors, engineers and the unemployed receive lower rates.

Save miles and save money – The higher the mileage driven each year the higher your rates will be. Many insurance companies calculate rates partially by how you use the vehicle. Cars that have low annual miles qualify for better rates than cars that get driven a lot. Incorrect rating for your C30 may be costing you higher rates. Make sure your auto insurance coverage is rated on the proper vehicle usage.

Advanced GPS tracking and theft deterrents – Selecting a car model with a theft deterrent system can get you a discount on your auto insurance. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent car theft and help bring rates down.

What is the best insurance coverage?

When buying the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different and your insurance should be unique as well.Higher deductibles save money
For example, these questions can help discover if your situation could use an agent’s help.

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, free and may give you better protection.

One last thing about your coverage

In this article, we presented many ways to get a better price on Volvo C30 insurance in Raleigh. The most important thing to understand is the more you quote Raleigh auto insurance, the better likelihood of getting affordable Volvo C30 insurance quotes. You may even find the best price on insurance is with a smaller regional carrier. These smaller insurers may have significantly lower premium rates on certain market segments than their larger competitors like GEICO and State Farm.

When searching for the cheapest Volvo C30 rate quotes, never buy poor coverage just to save money. In many instances, consumers will sacrifice liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. Your goal should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.

Some insurance companies may not offer online price quotes and these smaller companies provide coverage only through independent insurance agents. Lower-priced Volvo C30 insurance in Raleigh can be sourced on the web and from local agencies, and you need to price shop both to get a complete price analysis.

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