Save on Volvo XC70 Insurance in Plano

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Insurance quote for Volvo XC70 in PlanoTo save the most money, the best way to find cheaper prices for Volvo XC70 insurance in Plano is to compare prices once a year from insurers who provide auto insurance in Texas. Rates can be compared by following these steps.

Step 1: Learn about the different coverages in a policy and the modifications you can make to prevent high rates. Many factors that are responsible for high rates like distracted driving and a not-so-good credit rating can be improved by making minor driving habit or lifestyle changes.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can give you price quotes from many different companies.

Step 3: Compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.

Step 4: Provide adequate notice to your current company of your decision to cancel your current coverage and submit a completed application and payment to your new carrier. Immediately store the proof of insurance paperwork somewhere easily accessible.

One important bit of advice is that you use the same coverage limits and deductibles on every quote and and to get price estimates from as many companies as you can. Doing this ensures the most accurate price comparison and maximum price selection.

It's an obvious statement that insurance companies want to keep you from comparing rates. Insureds who get comparison quotes once a year are inclined to switch to a new company because there is a high probability of finding better rates. A study discovered that people who routinely shopped around saved approximately $850 each year as compared to drivers who never shopped around for cheaper prices.

If finding budget-friendly rates on auto insurance in Plano is your objective, then having a good understanding how to choose a company and compare cheaper coverage can save time, money, and frustration.

Our goal is to help you learn how car insurance companies work and also save some money in the process If you have a current auto insurance policy, you will definitely be able to shop for the lowest rates using the following tips. But Texas consumers need to learn the way companies determine premium rates because rates are impacted by many factors.

Insurance coverage details

The premium table below covers estimates of insurance costs for Volvo XC70 models. Understanding more about how insurance quotes are figured can help drivers make smart choices when comparing insurance rates.

Volvo XC70 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $228 $368 $430 $26 $128 $1,180 $98
XC70 T6 AWD 4-Dr $228 $424 $430 $26 $128 $1,236 $103
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in Plano location which can impact price quotes greatly.

Physical damage deductibles: Should you raise them?

When comparing auto insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates shown below lay out the differences in price when you select higher and lower physical damage coverage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second price grid uses a $500 deductible.

Volvo XC70 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $370 $584 $430 $26 $128 $1,563 $130
XC70 T6 AWD 4-Dr $370 $672 $430 $26 $128 $1,651 $138
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Volvo XC70 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XC70 3.2 AWD Station Wagon $300 $472 $430 $26 $128 $1,356 $113
XC70 T6 AWD 4-Dr $300 $542 $430 $26 $128 $1,426 $119
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in vehicle garaging location which can lower or raise prices considerably.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $18 more each month or $216 annually than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 14 months between claim filings, you would save more money if you choose the higher deductible.

The diagram below shows how different deductible levels and can increase or decrease Volvo XC70 insurance costs for different age categories. The price estimates are based on a single male driver, full coverage, and no discounts are taken into consideration.

Four Things That Determine Your Insurance Premiums

An important part of buying insurance is that you know a few of the rating criteria that help calculate your premiums. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

The itemized list below are just a few of the factors used by your company to calculate your prices.

  • Liability protection is cheap - Liability coverage will afford coverage if ever you are responsible for causing damage or personal injury in an accident. It provides you with a defense in court to defend your case. Liability is cheap compared to other policy coverages, so do not cut corners here.
  • Lower rates with a multi-policy discount - Most major insurers provide a discount to policyholders who carry more than one policy such as combining an auto and homeowners policy. Even if you're getting this discount drivers will still want to compare other company rates to ensure the best deal.
  • Never allow your policy to lapse - Allowing your coverage to lapse will be a fast way to drive up your policy premiums. Not only will rates go up, not being able to provide proof of insurance could earn you a license revocation or jail time. You may then be required to prove you have insurance by filing a SR-22 with the Texas motor vehicle department.
  • Get married and pay lower rates - Your spouse can actually save you money on your policy. It translates into being more mature and responsible and it's proven that being married results in fewer claims.
  • Loss statistics for a Volvo XC70 - Car insurance companies use past loss statistics for each vehicle to calculate a price that will offset any claims. Vehicles that the statistics show to have higher claim frequency or loss amount will cost more to insure.

    The table shown below demonstrates the insurance loss data for Volvo XC70 vehicles. For each coverage type, the claim probability for all vehicles, as an average, is represented as 100. Values that are 100 or less represent a good loss history, while values that are above 100 indicate higher probability of having a loss or tendency to have larger claims.

    Volvo XC70 Insurance Loss Statistics
    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 45

    Empty fields indicate not enough data collected
    Statistics from for 2013-2015 Model Years

One last thing to lower rates

When shopping online for car insurance, it's a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced physical damage coverage to discover at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy enough coverage at an affordable rate and still be able to protect your assets.

We've covered many ways to save on Volvo XC70 insurance in Plano. It's most important to understand that the more providers you compare, the better likelihood of getting low cost Plano auto insurance quotes. Consumers could even find that the best premium rates are with a lesser-known regional company. Regional companies may have significantly lower prices on certain market segments than the large multi-state companies such as Allstate, GEICO and Progressive.

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