Do you want to learn how to find cheaper Volvo XC70 insurance in Lexington? Feel like you’re a prisoner to an under-performing, overpriced auto insurance policy? Say no more because there are many Lexington drivers thinking the same thing.
It’s an obvious assumption that insurance companies don’t want you to compare rates. Drivers who compare rates annually will most likely buy a different policy because there is a good probability of finding discount prices. A recent survey found that people who routinely shopped for cheaper coverage saved over $860 a year compared to people who never shopped around for cheaper prices.
If finding the lowest price for insurance is the reason you’re here, then learning a little about how to get rate quotes and compare auto insurance can save time, money, and frustration. Many insurers vie for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies and get the definite cheapest price on Volvo XC70 insurance in Lexington.
Consumers need to price shop coverage once or twice a year because auto insurance prices fluctuate regularly. Despite the fact that you may have had the lowest quotes on Volvo XC70 insurance in Lexington a year ago you will most likely find a better rate today. Block out anything you think you know about auto insurance because you’re about to find out the proper way to find the best coverage while lowering your premiums.
If you have a policy now or are just looking to switch companies, take advantage of these tips to reduce premiums and possibly find even better coverage. Buying the cheapest car insurance in Lexington is not that difficult. You just need to know the proper way to quote multiple rates from multiple carriers.
Lower-cost Lexington insurance rates with discounts
Not many people think insurance is cheap, but you may find discounts to help offset the cost. Certain credits will be shown at the time of purchase, but some may not be applied and must be specially asked for in order for you to get them. If you don’t get every credit possible, you’re just leaving money on the table.
- Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
- Accident Forgiveness – This isn’t a discount exactly, but companies like Progressive and Allstate will turn a blind eye to one accident without the usual rate increase if you are claim-free for a set time period.
- Military Rewards – Being deployed with a military unit could trigger a small discount.
- Lexington Homeowners Pay Less – Owning a home in Lexington can save a few bucks due to the fact that maintaining a home is proof of financial responsibility.
- Policy Bundle Discount – If you combine your homeowners and auto policies and insure them with the same company you will save up to 20% and get you cheap XC70 insurance.
- Save with a New Car – Insuring a new XC70 can save up to 30% since new model year vehicles have better safety ratings.
- Discount for Life Insurance – Larger insurance companies have a discounted rate on car insurance if you buy a life insurance policy as well.
- Braking Control Discount – Cars with ABS braking systems or traction control are safer to drive so you can save 10 percent or more.
- Pay Upfront and Save – By making one initial payment as opposed to paying monthly you can actually save on your bill.
- Government Employee Discount – Employees or retirees of the government could cut as much as 10% off depending on your company.
One thing to note about discounts is that some of the credits will not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like you could get a free insurance policy, you’re out of luck.
The example below illustrates the comparison of Volvo XC70 yearly insurance costs with and without discounts applied to the policy premium. The data assumes a male driver, no claims or driving violations, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, safe-driver, homeowner, and multi-car discounts applied.
If you would like to view insurance companies who offer insurance discounts in Kentucky, click here.
Compare Lexington Volvo XC70 insurance price quotes
Most of the larger companies provide coverage price quotes directly from their websites. Getting quotes for Volvo XC70 insurance in Lexington is fairly straightforward as you simply type in your coverage information as detailed in the form. When the form is submitted, their system obtains credit information and your driving record and gives you a price quote. Getting online price quotes for Volvo XC70 insurance in Lexington makes comparing rates easy, and it’s absolutely necessary to perform this step in order to get lower-cost rates.
In order to compare pricing, compare rates from the companies below. If you have coverage now, it’s recommended you copy the limits and deductibles as close as possible to your current policy. This makes sure you will get rate quotes for the exact same coverage.
The companies in the list below have been selected to offer comparison quotes in Kentucky. To buy cheap car insurance in KY, we recommend you compare several of them in order to get a fair rate comparison.
Rates and data analysis
The premium table displayed below showcases a range of coverage prices for Volvo XC70 models. Learning a little about how premiums are established is important for drivers to make decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XC70 3.2 AWD Station Wagon||$272||$490||$388||$22||$116||$1,288||$107|
|XC70 T6 AWD 4-Dr||$272||$566||$388||$22||$116||$1,364||$114|
|Get Your Own Custom Quote Go|
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rates do not factor in vehicle garaging location which can alter prices considerably.
Smart Consumers Know How to Buy Car Insurance Cheaper
Lots of factors are considered when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but other factors are more obscure such as your marital status or your commute time.
The itemized list below are a partial list of the pieces companies use to determine your prices.
- Improve your credit score and save – Your credit score is likely to be a major factor in your rate calculation. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have poor credit. Therefore, if your credit is not that good, you may save money insuring your Volvo XC70 by improving your rating.
Do males or females drive better? – Over time, data shows that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. Men and women cause at-fault accidents at about the same rate, but the males have accidents that have higher claims. Men also tend to receive more costly citations such as DWI and reckless driving.
The example below illustrates the comparison of Volvo XC70 insurance premiums for male and female drivers. The premiums are based on no claims, a clean driving record, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied to the premium.
- Get cheaper rates after the wedding – Having a significant other can actually save you money when shopping for car insurance. Having a spouse translates into being more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
- Choose high safety ratings and save – Safe vehicles tend to have lower insurance rates. Safe vehicles reduce occupant injuries and lower rates of occupant injuries means lower claim amounts and cheaper rates on your policy. If your Volvo XC70 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
Volvo XC70 insurance loss probability – Insurers take into consideration insurance loss statistics for every vehicle when setting rates for each model. Vehicles that have higher claim frequency or loss amount will cost more for specific coverages. The table below illustrates the historical insurance loss data for Volvo XC70 vehicles.
For each policy coverage, the claim probability for all vehicles averaged together is represented as 100. Percentage values below 100 are indicative of better than average losses, while numbers that are greater than 100 indicate a higher chance of having a claim or statistically larger losses.
Insurance Loss Ratings for Volvo XC70 Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volvo XC70 Station Wagon 2WD 69 Volvo XC70 Station Wagon 4WD 79 70 94 45BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When to get professional advice
When choosing coverage, there really is not a one size fits all plan. Your financial needs are unique and your car insurance should unique, too. These are some specific questions may help highlight if your situation would benefit from an agent’s advice.
- Does my Volvo XC70 qualify for pleasure use?
- Does my liability insurance cover pulling a trailer or camper?
- When can my company non-renew my policy?
- When should I buy a commercial auto policy?
- What if a claim settlement is too low?
- What is an adequate liability insurance limit?
- Am I covered if I crash into my own garage door?
- Are my tools covered if they get stolen from my vehicle?
- What does PIP insurance cover?
- I don’t drive much so do I pay less?
If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and you can get the answers you need.
Insurance agencies near you
Many drivers just want to buy from a local agent and doing so can bring peace of mind Good agents are trained to spot inefficiencies and help in the event of a claim. One of the benefits of getting free rate quotes online is that drivers can save money and get cheap auto insurance quotes but still work with a licensed agent. Buying insurance from local agents is especially important in Lexington.
Once you complete this simple form, your information is immediately sent to participating agents in Lexington that can give you free Lexington auto insurance quotes for your business. You won’t need to find an agent due to the fact that quote results will go to your email. In the event you want to compare rates from one company in particular, you would need to go to their quote page and give them your coverage information.
Different types of Lexington auto insurance agents
When researching a local agent, it’s important to understand the different types of agents that you can select. Agents in Lexington are considered either exclusive or independent agents depending on their company appointments. Both can sell and service auto insurance coverage, but it’s worth mentioning how they differ because it may have an impact on your agent selection.
Independent Agencies or Brokers
Independent agents often have many company appointments so they have the ability to put coverage with any number of different companies and find you the best rates. If you are not satisfied with one company, the agent simply finds a different carrier and you can keep the same agent. If you need cheaper auto insurance rates, it’s recommended you include a few independent agents in order to compare the most rates.
Shown below is a partial list of independent agencies in Lexington who may be able to give you price quote information.
Exclusive Insurance Agencies
These type of agents can usually just insure with one company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents are unable to shop your coverage around so they have to upsell other benefits. Exclusive insurance agents are well trained on the products they sell and that enables them to sell even at higher rates.
Shown below are exclusive agencies in Lexington that can give you price quote information.
Picking an insurance agency should include more criteria than just a cheap price quote. Any good agent in Lexington should know the answers to these questions.
- When do they do policy reviews?
- Do they feel the quoted coverages are adequate?
- Are aftermarket or OEM parts used to repair vehicles?
- Does the company have a local claim office in Lexington?
- Has the agent ever had any license suspensions?
- Does the agency have a current Errors and Omissions policy?
If you feel you receive answers to your satisfaction and a good coverage price, you may have found an auto insurance agent that can adequately provide auto insurance.
Insurance protects more than just your car
Despite the high cost, insuring your vehicle serves an important purpose.
First, almost all states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your XC70 has a lienholder, almost every bank will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may insure your Volvo for a lot more money and require you to fork over the higher price.
Third, insurance protects not only your vehicle but also your assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If mother nature or an accident damages your car, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance outweigh the cost, especially when you need to use it. The average driver in Kentucky is overpaying over $810 a year so compare quotes from several companies each time the policy renews to save money.
More effort can pay off
As you go through the steps to switch your coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice physical damage coverage and learned later that they should have had better coverage. Your strategy should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.
Some insurance providers don’t offer the ability to get a quote online and these smaller companies sell through independent agents. Low-cost Volvo XC70 insurance in Lexington can be purchased from both online companies and also from your neighborhood Lexington agents, and you should be comparing both to get a complete price analysis.
We covered a lot of ways to get a better price on Volvo XC70 insurance in Lexington. The most important thing to understand is the more quotes you get, the better likelihood of getting affordable Lexington auto insurance quotes. You may even discover the most savings is with a company that doesn’t do a lot of advertising. They can often provide lower premium rates in certain areas than their larger competitors like State Farm and Allstate.
Steps to finding affordable quotes for Volvo XC70 insurance in Lexington
The best way to get discount Volvo XC70 insurance is to regularly compare quotes from providers in Lexington. You can compare prices by following these steps.
First, spend some time learning about how companies price auto insurance and the modifications you can make to drop your rates. Many things that cause high rates such as inattentive driving and a bad credit score can be eliminated by improving your driving habits or financial responsibility.
Second, compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and Allstate, while independent agents can provide price quotes for many different companies.
Third, compare the new quotes to the premium of your current policy to see if a cheaper rate is available. If you can save some money and switch companies, verify that coverage does not lapse between policies.
Fourth, provide adequate notice to your current company to cancel your current car insurance policy. Submit a down payment along with a completed application to your new company or agent. Don’t forget to place your new proof of insurance paperwork with your registration paperwork.
An essential thing to point out is that you use similar coverage information on every price quote and and to compare as many auto insurance providers as possible. This ensures a level playing field and and a good selection of different prices.
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