Best Ways to Save on Raleigh Volvo XC60 Insurance

Discount Volvo XC60 insuranceIf saving money is your primary concern, then the best way to get more affordable Volvo XC60 insurance in Raleigh is to make a habit of regularly comparing prices from different companies in North Carolina. Prices can be compared by following these steps.

Step 1: Spend some time learning about what coverages are included in your policy and the steps you can take to lower rates. Many rating criteria that result in higher prices such as traffic citations, accidents, and your credit history can be improved by being financially responsible and driving safely.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or State Farm, while independent agents can provide prices from many different companies.

Step 3: Compare the new rates to your existing policy and see if you can save money. If you find a better price, ensure there is no coverage lapse between policies.

Step 4: Tell your current company to cancel your current car insurance policy. Submit a signed application and payment to the new insurer. Once the paperwork is finalized, place the new proof of insurance certificate in an easily accessible location in your vehicle.

One important bit of advice is to try 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 provides an accurate price comparison and the best rate selection.

Unbelievable but true, the vast majority of consumers have purchased from the same company for at least four years, and approximately 38% of consumers have never even compared quotes to find lower-cost rates. Most drivers in North Carolina can save approximately $100 each year, but most undervalue the benefits if they swap their current policy for a cheaper one.

Choosing the best rates in Raleigh is really quite simple as long as you have a good starting point. If you are already insured, you will surely be able to shop for the lowest rates using the concepts you’re about to learn. Drivers only need an understanding of the most efficient way to find the lowest price over the internet.

Volvo XC60 insurance quotes comparison

Reducing your insurance rates is not rocket science. Consumers just need to spend a few minutes comparing rates from online providers.

The car insurance companies shown below are our best choices to provide free rate quotes in Raleigh, NC. In order to find cheap auto insurance in Raleigh, NC, we recommend you visit two to three different companies to get the best price comparison.

Facts and figures for Volvo XC60 insurance

The rate table displayed next highlights a range of insurance prices for Volvo XC60 models. Understanding how auto insurance premiums are figured can assist in making smart choices when purchasing an auto insurance policy.

Volvo XC60 Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC60 3.2 2WD $238 $476 $286 $16 $86 $1,102 $92
XC60 3.2 AWD $268 $476 $286 $16 $86 $1,132 $94
XC60 T6 AWD AWD $268 $560 $286 $16 $86 $1,216 $101
XC60 T6-R AWD AWD $300 $560 $286 $16 $86 $1,248 $104
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium costs do not factor in your specific Raleigh location which can alter price quotes noticeably.

Impact of age and gender on auto insurance rates

The chart below illustrates the difference between Volvo XC60 premium costs for male and female drivers. The premiums are based on no claims or violations, full coverage, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Full coverage versus liability-only in Raleigh

The illustration below illustrates the difference between Volvo XC60 auto insurance costs with full coverage and liability only. Data assumes no claims or driving violations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop full coverage

There is no clear-cut rule for eliminating comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Volvo XC60 book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after the deductible is paid. If premiums are more than $400 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some cases where eliminating full coverage is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Informed Decisions Result in Lower Insurance Rates

The best way to find cheaper car insurance is to take a look at the factors that aid in calculating the rates you pay for car insurance. If you know what determines base rates, this empowers consumers to make smart changes that will entitle you to lower rates. Lots of factors are used in the calculation when you get your auto insurance bill. Some are obvious such as traffic violations, although others are less obvious such as whether you are married or how financially stable you are.

The list below includes some of the factors used by your company to calculate your premiums.

Three reasons to insure your XC60

Despite the fact that auto insurance is not cheap in Raleigh, auto insurance is required in North Carolina but also provides important benefits.

The benefits of buying auto insurance are definitely more than the cost, especially when you need to use it. Unknowingly, the average driver is wasting up to $865 each year so you should quote and compare rates at every renewal to ensure rates are competitive.