A recent auto insurance study discovered that the vast majority of consumers have purchased from the same company for more than four years, and virtually 40% of consumers have never quoted rates to find affordable coverage. American drivers could save as much as $860 a year, but they just assume it’s a time-consuming process to save money by comparing rate quotes.
The best way to get affordable Volvo V50 insurance in Raleigh is to compare quotes annually from companies who sell auto insurance in North Carolina.
First, learn about how companies price auto insurance and the things you can change to prevent expensive coverage. Many rating factors that result in higher rates like traffic citations, accidents, and a negative credit rating can be remedied by making small lifestyle or driving habit changes. Continue reading for more details to prevent expensive rate increases and earn a bigger discount.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like Progressive or Allstate, while independent agencies can quote prices from multiple companies. View prices
Third, compare the quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide adequate notice to your current company of your decision to cancel the current policy and submit the completed application along with a down payment to the new insurer. As soon as you have the new policy, safely store the certificate of insurance in an easily accessible location in your vehicle.
The key thing to know about shopping around is to try to use similar deductibles and liability limits on every quote and and to get rates from as many different companies as possible. This guarantees the most accurate price comparison and many rates to choose from.
Cheapest car insurance in Raleigh, NC
The providers in the list below provide quotes in North Carolina. If multiple companies are listed, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.
Data for Volvo V50 insurance
The information displayed below covers estimates of insurance rates for Volvo V50 models. Understanding how insurance quotes are established can help you make decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|V50 AWD T5 R-Design||$176||$354||$250||$14||$74||$868||$72|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Information does not factor in specific location which can change premiums significantly.
The diagram below shows how different deductible levels and can increase or decrease Volvo V50 insurance premiums for each different age category. The rates are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Safe drivers pay cheaper rates
The example below demonstrates how speeding tickets and at-fault fender-benders increase Volvo V50 annual premium costs for different categories of driver ages. The rate quotes are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Volvo V50 insurance rates by gender in Raleigh
The chart below shows the difference between Volvo V50 car insurance rates for male and female drivers. The premiums are based on no violations or claims, comp and collision included, $500 deductibles, single status, and no other discounts are factored in.
Cheaper Volvo V50 insurance quotes in Raleigh
Insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that may help make it more affordable. Some trigger automatically at the time you complete a quote, but once in a while a discount must be inquired about prior to receiving the credit.
- Save over 55 – If you’re over the age of 55, you can possibly qualify for a slight reduction on a Raleigh auto insurance quote.
- Full Payment Discount – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
- Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
- Raleigh Homeowners Discount – Simply owning a home can help you save on insurance because of the fact that having a home is proof that your finances are in order.
- Multi-line Discount – Larger insurance companies have a discount if you purchase some life insurance in addition to your auto policy.
- Telematics Data Discounts – Drivers who elect to allow driving data collection to monitor vehicle usage through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they have good driving habits.
- Discounts for New Vehicles – Buying a new car instead of a used V50 can save up to 30% since newer models have better safety ratings.
- Discount for Good Grades – Performing well in school can earn a discount of 20% or more. You can use this discount normally until age 25.
- Claim Free – Drivers with accident-free driving histories can save substantially in comparison to drivers with a long claim history.
As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Some only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like you can get free auto insurance, insurance companies aren’t that generous.
The illustration below illustrates the comparison of Volvo V50 insurance prices with and without discounts applied. The prices are based on a male driver, no accidents, no driving violations, North Carolina 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 multi-car, safe-driver, claim-free, marriage, homeowner, and multi-policy discounts applied.
To choose providers with discount insurance rates in North Carolina, click here to view.
Do I need an agent?
Many people just prefer to sit down with an agent and we recommend doing that Good agents can point out coverage gaps and help in the event of a claim. One of the best bonuses of getting online price quotes is the fact that drivers can get lower rates and still have an agent to talk to.
For easy comparison, once you complete this short form, your information is emailed to participating agents in Raleigh that can give you free Raleigh auto insurance quotes for your coverage. There is no need to find an agent because quoted prices will be sent immediately to you. In the event you want to compare prices from a specific auto insurance provider, you just need to go to their quote page to submit a rate quote request.
Picking a insurance company should include more criteria than just the price. Get answers to these questions too.
- How long has their agency been open in Raleigh?
- What kind of financial rating does the company have?
- Do they prorate repair cost based on vehicle mileage?
- Does their agency support local causes in Raleigh?
- How will an accident affect your rates?
- Do they get extra compensation for selling add-on coverages?
- Do they feel the quoted coverages are adequate?
If you would like to find local Raleigh agents, it can be helpful to understand the different agency structures that you can select. Auto insurance agents in Raleigh are categorized either exclusive or independent (non-exclusive). Either one can sell auto insurance policies, but it’s important to point out the difference in the companies they write for because it can impact your agent selection.
Exclusive Insurance Agencies
Agents of this type have only one company to place business with and examples are State Farm, AAA, and Liberty Mutual. These agents are not able to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are well schooled on what they offer which helps overcome the inability to quote other rates. Drivers often buy insurance from these agents mainly due to the brand name and the convenience of having all coverages with one company.
Listed below is a short list of exclusive insurance agencies in Raleigh who may provide you with rate quotes.
- Mary Wilson – State Farm Insurance – Raleigh
9660 Falls of Neuse Rd #165 – Raleigh, NC 27615 – (919) 872-1225 – View Map
- Tom Patterson – State Farm Insurance Agent
805 Spring Forest Rd #1400 – Raleigh, NC 27609 – (919) 954-1340 – View Map
- Allstate Insurance: Bonnita Hargis
1620 Martin Luther King Jr Blvd #104 – Raleigh, NC 27610 – (919) 250-3606 – View Map
Independent Agencies or Brokers
These agents are not limited to a single company and that is an advantage because they can write policies through many companies and get the cheapest rates. If your premiums go up, they can switch companies in-house and you won’t have to switch agencies.
If you are comparing rate quotes, it’s recommended you get several quotes from independent agents for maximum quote selection. Many write coverage with lesser-known insurance companies which could offer lower prices.
The following is a short list of independent agents in Raleigh willing to provide rate quotes.
- Blackmon Insurance Agency of North Carolina, Inc.
4280 Louisburg Rd – Raleigh, NC 27604 – (919) 875-8500 – View Map
- Clark Insurance Agency
4004 Barrett Dr #206 – Raleigh, NC 27609 – (919) 844-2995 – View Map
- G. Suggs Insurance Agency, Inc.
1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889 – View Map
If you feel you receive good responses for all questions you ask and locked in a price quote, you may have found an insurance agency that is a good match to adequately provide auto insurance. It’s important to know that policyholders can terminate your policy at any point so never feel that you are obligated to your new company with no way out.
The coverage is in the details
Knowing the specifics of your insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage pay for short-term medical expenses for things like nursing services, pain medications, dental work, prosthetic devices and EMT expenses. They are utilized in addition to your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
This coverage can cover damages or injuries you inflict on a person or their property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 30/60/25 that translate to $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for things like funeral expenses, emergency aid and court costs. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible. North Carolina requires drivers to carry at least 30/60/25 but you should consider buying more liability than the minimum.
The illustration below demonstrates why the minimum limit may not be adequate coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your Volvo V50.
Since a lot of drivers only purchase the least amount of liability that is required (North Carolina limits are 30/60/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.
Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as hitting a mailbox, backing into a parked car, hitting a parking meter, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible on your V50 to save money on collision insurance.
This pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims such as hitting a bird, damage from a tornado or hurricane, vandalism and damage from getting keyed. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Quote more and you will save more
Some insurance companies don’t offer online price quotes and these small insurance companies provide coverage only through independent agencies. Lower-priced insurance in Raleigh is possible on the web and also from your neighborhood Raleigh agents, so compare prices from both so you have a total pricing picture.
In this article, we presented many tips how you can reduce Volvo V50 insurance car insurance rates online in Raleigh. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even find the best price on insurance is with an unexpected company.
When getting Raleigh auto insurance quotes online, it’s very important that you do not skimp on coverage in order to save money. In many instances, an insured dropped uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the best price, but do not skimp to save money.
More detailed insurance information is located at these sites:
- Winter Driving (Insurance Information Institute)
- How Much is Raleigh Auto Insurance for a Toyota Highlander? (FAQ)
- What Car Insurance is Cheapest for Uber Drivers in Raleigh? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Learners Permit in Raleigh? (FAQ)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)
- Car Insurance FAQ (Trusted Choice)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)